Middle East

ECI sold to Shaul Shani and Ashmore for $1.2bn(2)

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.

Tchenguiz doubles Sainsbury’s stake(2)

The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.

ECI sold to Shaul Shani and Ashmore for $1.2bn

Nasdaq-listed ECI Telecom has been sold to Ashmore Investment Management and telecoms investor Shaul Shani, continuing a strong week for buyout firms in the telecoms sector.

Abraaj and Dana forge gas alliance(2)

Dubai-based buyout firm Abraaj Capital has entered a strategic alliance with United Arab Emirates gas company Dana Gas, shortly after its record-breaking deal to buy the Egyptian Fertilizers Company.

Bain strikes twice in musical, nautical deals(2)

Bain Capital is set to acquire US retailer Guitar Center for $2.1 billion. Meanwhile, the firm’s German arm has agreed to purchase yacht manufacturer Bavaria Yachtbau.

Abraaj and Dana forge gas alliance

Dubai-based buyout firm Abraaj Capital has entered a strategic alliance with United Arab Emirates gas company Dana Gas, shortly after its record-breaking deal to buy the Egyptian Fertilizers Company.

Morgan Stanley raises largest-ever real estate fund(3)

The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.

GIP appoints oil and gas specialist(3)

Joseph Blum, a senior project finance lawyer with substantial experience of advising oil and gas companies, has joined Global Infrastructure Partners as private equity’s interest in the sector shows no sign of drying up.

Morgan Stanley raises largest-ever real estate fund(2)

The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.

Pan-African boom

As private equity in the MENA region shows spectacular signs of health, could the rest of the continent also experience a private equity boom? Toby Lewis reports.