Private Equity
Dubai-headquartered private equity firm Abraaj Capital has acquired North African rival Amundi's North African private equity business, a month after it failed in its bid to obtain a stake in Egyptian peer Citadel Capital.
2 min read · 06 January 2013
Standard Chartered's first Saudi private equity deal is for a minority stake in the country's largest building materials manufacturer.
2 min read · 06 January 2013
Rift Valley Railways, which operates in Kenya and Uganda, has received financing from a host of investors including the African Development Bank and the International Finance Corporation.
2 min read · 06 January 2013
The firm beat its $400m target and $425m hard-cap, and will make investments of between $25m and $75m in Canada and the US.
2 min read · 06 January 2013
MENA heavyweights Citadel Capital and Abraaj Capital failed to agree a deal which was expected to result in Egypt-listed Citadel selling a stake to its Dubai-based peer.
2 min read · 05 January 2013
The firm has promoted Anand Philip (pictured) to managing director and Joyce Demonteverde to vice president. The moves come as Castle Harlan prepares to defend its quick flip of Norcast.
2 min read · 05 January 2013
Citadel Capital moved a step closer to selling a stake in itself on Tuesday, appointing Citigroup to advise on strategic options. Two days later, it won approval to vote on a $175m rights issue.
2 min read · 05 January 2013
Graham Thomas, global head of private equity at South African lender Standard Bank, has left the company as it scales back principal investment activities, with more departures to follow.
2 min read · 05 January 2013
Committed Advisors, founded by former AXA PE executives Daniel Benin and Barthelemy de Beaupuy, has already closed on eight transactions.
1 min read · 05 January 2013
The Michael Green-led firm is expected to hit its hard-cap of $425m for its debut fund, which has shrugged off the stagnant fundraising market and the hesitancy of LPs to back new firms.
2 min read · 05 January 2013
