Middle East & North Africa

Walker says firms will comply or face parliament’s wrath

The ex-Morgan Stanley chairman presented his proposals to the UK Treasury Select Committee, dismissing concerns his suggestion that firms submit anonymous attribution analysis provided firms with “a cloak of anonymity”.

StepStone nabs PCG pro(3)

StepStone, a San Diego area advisory firm founded by three ex-PCG executives including its former president, has hired PCG’s former head of research, Jay Rose. Rose is the sixth former PCG employee to move across town to StepStone.

Abraaj targets $2bn for infrastructure fund(3)

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

Nokia spin-out opens second China office

BlueRun Ventures has opened a new office in Beijing as it steps up its China operations.

MidOcean sells water parks to Candover for $330m(2)

Private equity firm MidOcean Partners has sold its Palace Entertainment portfolio to European amusement park operator Parques Reunidos, a Candor portfolio company, for $330 million.

StepStone nabs PCG pro(2)

StepStone, a San Diego area advisory firm founded by three ex-PCG executives including its former president, has hired PCG’s former head of research, Jay Rose. Rose is the sixth former PCG employee to move across town to StepStone.

Norton Rose teams with Abdulaziz Al-Assaf in Saudi

Norton Rose, the global law firm, has opened an office in Saudi Arabia in association with Middle Eastern law firm Abdulaziz Al-Assaf combining Norton Rose’s regional corporate experience with its rival’s political exposure in the region.

MidOcean sells water parks to Candover for $330m

Private equity firm MidOcean Partners has sold its Palace Entertainment portfolio to European amusement park operator Parques Reunidos, a Candor portfolio company, for $330 million.

Sainsbury’s considers Qatari £500m equity increase(3)

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Advent’s Kiev office ends reorganisation(3)

Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.