Middle East

Walker defends report(2)

Sir David Walker has spoken out against demands for separate legislation of private equity and has defended his decision to give UK industry group the BVCA the responsibility of enforcing his proposed code of conduct.

Abraaj approaches $1bn close on infrastructure fund(3)

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

Buyout code proposals given teeth(2)

Sir David Walker’s report on transparency and disclosure has encouraged UK industry body, the BVCA, to name, shame and expel non-compliers with his proposed code.

ECP, Truffle pay $53m for Moroccan mines(4)

Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.

ECP, Truffle pay $53m for Moroccan mines(3)

Emerging Capital Partners, in partnership with Truffle Capital, has acquired a third African mining company with its $53 million purchase of Morocco’s Compagnie Miniere de Touissit.

Global holds $500m first close on MENA fund(4)

Global Capital Management, a subsidiary of Kuwaiti investment bank Global Investment House, has held a first close on its MENA fund with more than $500 million in commitments.

Access closes latest fund of funds on €413m

The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.

Sharia-compliant MENASA fund holds $200m first close(2)

Bahrain’s Ithmaar Bank, Shamil Bank and the Islamic Investment Company have held a first close on their mutli-strategy private equity fund targeting $500 million.

Abraaj approaches $1bn close on infrastructure fund(2)

Dubai-based buyout firm Abraaj Capital will hold the second close of its infrastructure and growth capital fund in September, and is on course for a final close on $2 billion by the end of the year.

AIG exits Turkish cinema company

The direct investment arm of AIG Investments has sold its 14.15 percent stake in Turkey’s largest chain of movie theaters.