Private Equity

Middle East & North Africa

StepStone hires former Citi Private Equity exec

Johnny Randel will lead the private equity advisor’s monitoring and reporting and financial activities from the firm's newly opened New York office.

2 min read · 05 January 2013

Gulf Capital ties up with GE Healthcare

The Middle East private equity firm has entered into an alliance with GE Healthcare to develop a regional chain of healthcare centres.

2 min read · 05 January 2013

Citadel keen to transform Kenya-Uganda railway

Ahmed Heikal, founder of the Cairo-based private equity firm, has issued bullish predictions about the improvements Citadel can make to the railway. A regulatory commission is deciding whether to give Citadel majority ownership of the line and a decision could come as early as next week.

2 min read · 05 January 2013

Gulf Capital taps into MENA's booming healthcare sector

The Abu Dhabi-based firm has acquired a 75% stake in Egypt's TechnoScan as it seeks to create a pan-Middle Eastern medical diagnostic and imaging business.

2 min read · 05 January 2013

Citadel to invest $150m in Kenya-Uganda Railways

Citadel Capital has become a significant shareholder in Rift Valley Railways, which holds a concession to run a railway line between Kenya and Uganda.

2 min read · 05 January 2013

Kuwait Finance House Malaysia appoints first female CEO

The Malaysian subsidiary of the Kuwaiti Islamic bank has re-hired its former deputy CEO Puan Jamelah Jamaluddin to lead operations.

2 min read · 05 January 2013

Citadel platform ups stake in ASEC Cement

The Cairo-based firm has bought an additional 9% stake in the company from one of its LPs, Emirates International Investment.

2 min read · 05 January 2013

Denham Capital in $277m solar exit

SunRay Renewable Energy, a Maltese solar power plant developer, is to be bought by Nasdaq-listed SunPower in a deal expected to close in the first half of this year.

2 min read · 05 January 2013

Tales from the fraudulent frontline

Timothy Mohr and Robert Weiner of BDO Consulting share cautionary tales of misdeeds and alarming facts unearthed just before deal closings.

8 min read · 05 January 2013

TVM’s debut MENA-focused fund holds $40m first close

The Sharia-compliant fund, a JV between Munich- and Boston-based TVM and Dubai-based Boston BioCapital, and will invest in the region’s healthcare services and life sciences sectors.

2 min read · 05 January 2013

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