Private Equity

Middle East

Report: Cerberus to cut 10% of staff

The New York-based private equity firm is reportedly on the brink of making up to 27 of its 275 employees redundant.

1 min read · 05 January 2013

Israeli venture market grows 18%

Israeli companies drew $2.1bn in venture funding in 2008, the highest in eight years, although there was a marked slowdown in investment activity in the last quarter.

2 min read · 05 January 2013

Millennium invests AED92m in Kuwait Energy

The Dubai-based firm has also partnered a Bahrain telecommunications company, to buy 49 percent of an Indian mobile operator, for $225 million.

2 min read · 05 January 2013

Marathon appoints former JP Morgan exec as managing director

The global asset manager has appointed former JP Morgan Chase global treasurer Mark Kleinman as a senior managing director in a bid to expand the firm.

2 min read · 05 January 2013

GIH closes MENA property fund

The Kuwait-based firm has announced the closing of a $75 million fund, with 40 percent already committed to four deals in Dubai and Kuwait.

1 min read · 05 January 2013

Marathon promotes five to partner

The New York-based alternative asset manager is expanding its partnership as it expands its core strategies.

1 min read · 05 January 2013

GIH to develop Tunis cement plant

The Kuwait-based firm has acquired a quarry and site for a cement plant in Tunisia on a Greenfield plot over 220 hectares.

2 min read · 05 January 2013

GIH launches $500m Gulf fund

Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.

2 min read · 05 January 2013

GIH acquires Kuwaiti logistics company for $150m

Global Investment House has acquired a majority stake in transport and logistics company Jassim Transport & Stevedoring in a deal the firm claims is the largest private equity buyout ever in Kuwait.

2 min read · 05 January 2013

Sun Capital to cut about 10% of its workforce

The Florida-based firm joins several other high-profile private equity firms that have cut back on staff to control costs amid recession.

2 min read · 05 January 2013

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