Middle East & North Africa

Arcapita launches Islamic fund

The Bahrain-based firm has launched a $200 million venture fund that will make only ‘Islamically approved’ investments.

Qatari firm makes £12bn Sainsbury’s approach(2)

Qatar-based investment vehicle Three Delta has confirmed its preliminary bid approach to Sainsbury’s, the UK supermarket chain that rejected a £10 billion offer from a private equity consortium in April. The company’s share price soared this morning.

Battery buys tech firm for $137m

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

CVC to buy Samsonite for $1.7bn(3)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

The man who wants to buy Sainsbury’s

Robin Marriott, Europe Editor of PEO’s sister site PrivateEquityRealEstate.com, profiles the man looking to buy UK retailer Sainsbury’s – and to succeed where a private equity consortium recently failed.

Oak abandons $825m Vertrue deal

Oak Investment has dropped out of a consortium of firms planning to acquire internet direct marketing services firm Vertrue, after the bidding price was raised from $800 million to $825 million.

CVC to buy Samsonite for $1.7bn(2)

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Global buys SAR300m textile business(3)

Kuwait investor Global Investment House has bought Saudi Arabian textile business Ajlan Bin Abdulaziz Al Ajlan & Brothers ’Ajlan. The company’s value corresponds to roughly two thirds of its revenues.

CVC to buy Samsonite for $1.7bn

European private equity firm CVC Capital Partners has agreed to buy US-based Samsonite Corporation, a designer and manufacturer of luggage. The deal is part of a drive to increase CVC’s US presence.

Apax-backed Incisive buys US rival(3)

US banker Bruce Wasserstein’s investment vehicle has agreed to sell publishing business American Lawyer Media to Apax Partners-backed Incisive Media for $630 million.