Middle East & North Africa

Gilde hires former Kappa IT MD

Alexander Lewald has been made a partner and director of the Gilde IT Fund.

Deal Round-up 01/02/02

Mortal Mans Inn takes cash injection for pub purchase; VCs invest in US wireless multimedia firm; $4.25m injection for Digital Fuel Technologies.

First local Turkish fund closes

Turkven, an affiliate of Advent International, has closed on $41m and will invest in Turkish growth opportunities alongside Advent’s Central and Eastern European team.

Deal round-up 25/02/02

Nexit Ventures invests in Conformiq; Israeli VCs back Ceramic Technologies

VC investment in Israel falls by 63 per cent

The bubble has burst on ten years of venture capital growth in Israel.

Brack announces offer for Haslemere

A consortium of investors led by Netherlands-based Brack Capital Real Estate has offered E1.46bn for the UK-Dutch property firm.

Barclays PE in Italian chemicals MBO

The firm has backed the E16m management buyout of an Italian chemicals group from Italian conglomerate Montedison.

Gilde IT Fund announces director appointment

Lars Lindell joins Gilde IT as partner and director from nCoTec Ventures

Highwave Optical secures E32m package

Highwave Optical, a listed optical telecommunications company based in France, has secured E32m funding from a group of venture capitalists.

Israeli VC decline to bottom out

Israeli technology companies in 2001 raised a lot less money than the year before, but a slight pick-up in the fourth quarter suggests a recovery may be underway.