Private Equity
The prospects for private equity in the Middle East look good, as a report suggests that the asset class can become a key economic driver in the region in the coming years.
3 min read · 04 January 2013
Dubai-based Rasmala Investments private equity arm has provided investors with a return of over 3 times with an IRR of 22 percent from its first fund set up seven years ago. The firm’s payout comes after the record for the largest deal in the Middle East and North Africa region was broken twice last week.
2 min read · 04 January 2013
UK government-backed fund-of-funds CDC Group has invested in a microfinance fund, which provides banking services to emerging markets. Microfinance has grown more than seven times in the last ten years.
2 min read · 04 January 2013
US firm Summit Partners has invested in Nomacorc, a manufacturer in the growing synthetic wine closure market.
1 min read · 04 January 2013
The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.
2 min read · 04 January 2013
Joseph Blum, a senior project finance lawyer with substantial experience of advising oil and gas companies, has joined Global Infrastructure Partners as private equity’s interest in the sector shows no sign of drying up.
2 min read · 04 January 2013
A consortium of five companies has sold Icopal to Bahrain-based buyout firm Investcorp. The deal comes three months after the buyout firm began targeting US and European investors for a €1 billion private equity fund.
1 min read · 04 January 2013
US private equity firm Colony Capital has agreed to buy oil refining and distribution company Tamoil from the Libyan government for €4 billion. It is the biggest private equity deal to date for an African-owned company – trumping Bain Capital’s $3.5 billion buyout of Edgars in February.
2 min read · 04 January 2013
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
2 min read · 04 January 2013
Venture debt provider Kreos Capital has strengthened its senior team with the recruitment of Luca Colciago from Noble as a partner. The hire comes as the firm continues to invest its latest fund, which was closed in April and is being deployed at a rapid rate.
2 min read · 04 January 2013
