Middle East & North Africa

Africa’s buyout gap(3)

The success of buyout firms in South Africa has helped the African region enjoy record private equity investment this year. However, the rest of the continent is far away from reaching the sophistication of its buyout hub, despite significant growth.

Boston Ventures in telecom deal(2)

Boston Ventures is to buy a local US cable and telecom company, marking the middle market firm’s fifth investment from its seventh, $500 million fund.

Arcapita exits wind farm in second deal this week(2)

Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.

India looks to private equity for power(2)

India’s Power Finance Corp, a non-banking public sector lender, is reportedly turning to private equity to arrest the country’s infamous power shortfalls. Goldman Sachs and The Blackstone Group have been identified as possible partners.

Arcapita exits wind farm in second deal this week

Prudential M&G’s infrastructure arm Infracapital Partners and an unnamed group advised by JP Morgan Asset Management have bought a one third stake in wind farm Zephyr Investments from Arcapita Bank, in the Bahrain-based investor’s second deal this week.

DFJ continues global expansion

Two weeks after announcing its newly-formed Russian affiliate, Draper Fisher Jurvetson has established an Israel fund in conjunction with Israeli VC firm Tamir Fishman Ventures.

Boston Ventures in telecom deal

Boston Ventures is to buy a local US cable and telecom company, marking the middle market firm’s fifth investment from its seventh, $500 million fund.

Origo Sino-India increases holding in Fomento(3)

Listed emerging markets manager Origo Sino-India is backing an Indian iron ore producer with a $10 million investment that will trigger Origo’s own return to market for funding.

Sequoia India raises $300m for third venture fund

Sequoia Capital has raised $300 million for a third India venture fund. The new fund is the largest dedicated to India venture capital, according to Sequoia managing director Sumir Chadha.

Debt turmoil hits Esporta(2)

French bank Société Générale, having failed to syndicate a £330 million loan backing Simon Halabi’s acquisition of Esporta from Duke Street Capital, has pulled the plug on the property tycoon’s deal vehicles - although the gyms continue to trade profitably, administrators say.