Middle East

Elden rejoins AIG to lead Turkey effort(2)

Serkan Elden has returned to AIG Investments to spearhead its investment activities in Turkey, having left the firm after a six-year spell in 2004.

Sainsburys opens books to Delta Two(4)

The UK retailer could become the second FTSE100 retailer to go private after Boots Alliance. In a bid to appease its critics Delta Two has become the first fund to commit to the Walker Report's standards of transparency and disclosure.

Uzumeri to head Teachers' PE arm(2)

Teachers' has named Erol Uzumeri, who currently manages international private equity investments at the Canadian pension, to succeed Jim Leech as head of its private equity arm.

Failed deals top $200bn this year

The value of cancelled deals globally has broken the $200 billion mark in 2007, easily surpassing last year’s total.

SHUAA Partners closes $100m Levant fund

The Dubai fund manager hopes its regional expertise will give it the edge as it expands its geographic reach to include Syria, Lebanon and Jordan.

Abraaj sells Egyptian bank stake for double purchase price

Dubai Financial Group has bought rival Middle Eastern firm Abraaj Capital’s minority stake in Egyptian bank EFG-Hermes for $1.1 billion.

Sainsbury’s considers Qatari £500m equity increase(4)

Qatari investment arm Three Delta is likely to increase the equity component of its offer for FTSE 100-listed Sainsbury’s to meet concerns of the board that the company will be over-leveraged.

Helping hand(3)

The Walker Report has given the Delta Two bid for J Sainsbury an extra sheen of respectability and is a sign the industry may take compliance seriously, writes Nicholas Lockley, editor of PEO.

Advent’s Kiev office ends reorganisation(4)

Global buyout firm Advent International has completed its reorganisation of its central and eastern European operations with the opening of an office in Ukraine.

Sainsburys opens books to Delta Two(3)

The UK retailer could become the second FTSE100 retailer to go private after Boots Alliance. In a bid to appease its critics Delta Two has become the first fund to commit to the Walker Report's standards of transparency and disclosure.