Middle East & North Africa

Credit Suisse, Abu Dhabi back $77m solar investment(2)

Paladin Capital and a fund led by Credit Suisse, with the backing of the Abu Dhabi government, have invested $77 million in a producer of thin film solar products.

Pamodzi raises first ever billion dollar African fund(2)

Pamodzi Investment Holdings, a South African black economic empowerment vehicle, has reportedly smashed the record for private equity fundraising in Africa.

Carlyle hires global regulatory affairs head

Carlyle has hired international trade and policy expert David Marchick to provide in-house government affairs, regulatory and strategic advice to its fund managers.

Actis and Helios exit Flamingo(2)

Tea company Finlays has bought horticultural business Flamingo, providing an exit for minority shareholders Actis and Helios Investment Partners.

Senate witness: Carry tax is Abu Ghraib of tax code(3)

The Senate Finance Committee’s second inquiry into carried interest featured witnesses who support and oppose the carried interest designation as capital gains, including one who compared current carried interest tax policy to the notorious Abu Ghraib prison incident of the Iraq War.

Credit Suisse, Abu Dhabi back $77m solar investment

Paladin Capital and a fund led by Credit Suisse, with the backing of the Abu Dhabi government, have invested $77 million in a producer of thin film solar products.

Hopes of LBO revival as Cinven makes Emap bid

European buyout firm Cinven’s £2 billion bid for two divisions of media group Emap is the second largest new offer since debt market turmoil decimated the market for leveraged loans.

Campbell to become chairman if Three Delta triumphs, Mellor not involved(3)

Three Delta has confirmed Tony Campbell will become chairman of UK supermarket Sainsbury’s if its offer succeeds, although the Sainsbury family is reportedly set against the deal.

KPS earns over 2x return on packing company exit(2)

KPS Capital Partners has exited its position in Blue Ridge Holding, selling the company to the Rank Group for $338 million and a more than 2x return.

Investcorp enjoys record year(3)

The alternative assets manager is capitalising on the booming wealth of the Gulf region with a spate of new buyout, mezzanine and growth capital funds and an almost 50 percent increase in client assets.