Middle East

Morgan Stanley raises largest-ever real estate fund

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.

Oyak looks abroad following $2.67bn ING sale

Following the sale of Oyak Bank to Dutch bank ING, Turkish pension fund Oyak Group is looking for partners on a foreign joint venture as it looks to invest abroad.

Report predicts $25bn PE industry in the Gulf(3)

The prospects for private equity in the Middle East look good, as a report suggests that the asset class can become a key economic driver in the region in the coming years.

Three Delta ups stake in Sainsbury’s to 25%(3)

The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.

GIP appoints oil and gas specialist(2)

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.

Investcorp buys €850m roofing company(3)

A consortium of five companies has sold Icopal to Bahrain-based buyout firm Investcorp. The deal comes three months after the buyout firm began targeting US and European investors for a €1 billion private equity fund.

Tchenguiz doubles Sainsbury’s stake

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

Kreos hires partner after bumper year(3)

Venture debt provider Kreos Capital has strengthened its senior team with the recruitment of Luca Colciago from Noble as a partner. The hire comes as the firm continues to invest its latest fund, which was closed in April and is being deployed at a rapid rate.

DIFC raises record $1.25 billion Islamic finance bond(3)

DIFC, the Dubai government-backed investment group which is a big investor in private equity, has launched a record-sized Islamic finance bond, with the majority of its investors coming from outside the MENA region.

Three Delta ups stake in Sainsbury’s to 25%(2)

The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys. The FTSE 100 listed UK supermarket’s shares leapt by nearly 5 percent, as speculation suggested a takeover bid was forthcoming.