Private Equity

Middle East

Markstone replaces Broidy with Israeli ambassador

Markstone does not expect the criminal case against its former chairman Elliott Broidy to have an effect on the ‘value of investors’ interests in the partnership’.

2 min read · 05 January 2013

TPG, AMR offer $1.1bn for Japan Airlines

TPG is once again targeting a struggling airline, having teamed with American Airlines on a joint bid to restructure JAL. Rival US-based carrier Delta is also bidding.

3 min read · 05 January 2013

Markstone co-founder pleads guilty in pension scandal

New York Attorney General Andrew Cuomo said Elliott Broidy paid nearly $1m in gifts to NY Common officials, including more than $90,000 to pay living expenses of one official's girlfriend.

3 min read · 05 January 2013

A place for patient capital?

Andy Thomson explains why the time may be right for growth investing in the Middle East to garner support.

3 min read · 05 January 2013

Sequoia joins Chinese VCs in SINA deal

The $180m financing will broaden the corporate governance of the Chinese online information giant.

1 min read · 05 January 2013

Swicorp in Italian ceramic designer add-on

The MENA-focused firm's portfolio company Uniceramic has acquired a stake in Powergres, helping extend Uniceramic's distribution beyond the Middle East.

2 min read · 05 January 2013

Prevailing winds

The number of recent private equity investments in wind farms has been head-spinning.

3 min read · 05 January 2013

IFC mulls $20m commitment to Swicorp fund

MENA-focused Swicorp Intaj Capital II aims to hold an $80m first close early next year, on its way to $400m.

2 min read · 05 January 2013

Norwest closes $1.2bn fund

Norwest Venture Partners' Fund XI is nearly double the size of its predecessor.

1 min read · 05 January 2013

Turkish funds prepare for 'high growth'

Actera co-founder Murat Çavusoglu told a standing room only crowd at the PEI Turkey Forum that much has changed since local entrepreneurs used to cling to the Turkish saying, 'May God never force you to sell your company'.

3 min read · 05 January 2013

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