Middle East

Ithmaar appoints McKinlay as executive director(3)

Stormberg Partners founder Michael McKinlay has been appointed executive director of Ithmaar Bank’s private equity team.

Kreos puts another €50m to work(3)

The venture debt specialist has invested another €50 million after agreeing ten deals in as many weeks, as it continues to take advantage of strong demand to put its third fund to work at express pace.

Kreos puts another €50m to work(2)

The venture debt specialist has invested another €50 million after agreeing ten deals in as many weeks, as it continues to take advantage of strong demand to put its third fund to work at express pace.

Uzumeri to head Teachers' PE arm

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.

Elden rejoins AIG to lead Turkey effort

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.

3i adult carer exit has 61% IRR(3)

FTSE 100 listed 3i had a 61 percent IRR and a 3.9 money multiple on the sale to Three Delta of a company it first invested in 10 years ago, Care Principles.

Kreos puts another €50m to work

The venture debt specialist has invested another €50 million after agreeing ten deals in as many weeks, as it continues to take advantage of strong demand to put its third fund to work at express pace.

Citi makes two Turkish venture investments

The venture capital business of Citi Alternative Investments has bought stakes in two Turkey-quoted retail companies as it seeks to increase its exposure to the region.

Battery buys tech firm for $137m(3)

Battery Ventures has completed a$137 million take-private of Quovadx, a software and software services firm formerly listed on NASDAQ, for $136.7 million.

Sainsbury board keeps Three Delta waiting

Three Delta continues to seek access to the books of UK supermarket Sainsbury’s, as difficulties in the credit markets look certain to affect the price of the £6 billion of debt needed for the offer.