Middle East & North Africa

Yale returns 28 percent, beats peers

The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.

Pamodzi raises first ever billion dollar African fund

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

Actis resolves succession difficulties at mattress maker(3)

The Moukarim family has sold its majority stake in the Nigerian foam mattress company Mouka to emerging markets buyout firm Actis in an effort to resolve succession problems.

Senate witness: Carry tax is Abu Ghraib of tax code(2)

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.

Citadel bolts on C$898 oil and gas company(3)

Egyptian buyout firm Citadel Capital Company has signed a deal to bolt on Canadian-listed oil company Rally Energy to the National Petroleum Corporation.

Arcapita plans $407m Polish housing project

The first project in the Bahraini firm’s planned expansion into Central and Eastern Europe will be a partnership with Spanish residential developer Layetana.

Knight Frank to launch East African property fund

Having recently reported an increase in value and growth in the region, the firm’s private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.

Citadel bolts on C$898 oil and gas company(2)

Egyptian buyout firm Citadel Capital Company has signed a deal to bolt on Canadian-listed oil company Rally Energy to the National Petroleum Corporation.

KPS earns over 2x return on packing company exit

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.

BC reaps bumper profit on Swiss hospitals(3)

The European buyout firm has sold Swiss private healthcare group Hirslanden after five years, as another South African hospital group looks abroad for expansion.