The purpose of this article is to initiate communication between multilateral and bilateral development finance institutions (‘’DFIs”) and private equity fund managers (“FMs”) that seek to attract DFI funding for investments in countries within the mandate of DFIs. This is with the intention of equipping FMs with an upfront understanding… Read More
In September 2012, TVM Capital Healthcare invested USD57m in the Cambridge Medical and Rehabilitation Center (CMRC), a UAE-based medical care provider that offers specialized inpatient, outpatient and homecare services to patients requiring short-term comprehensive rehabilitation as well as long-term care related to chronic… Read More
Saudi Technology Ventures and Wa’ed Ventures led a SAR106m (~USD28m) Series A for Manafa, a Saudi Arabia-based crowdfunding platform. Read more… Read More
Letswork, a UAE-based co-workspace provider, raised a USD2m seed round from 500 Global, DTEC Ventures, The Space and angel investors. Read More… Read More
NBK Capital Partners reached a final close of USD215m, including co-investment commitments, for Shari’ah Credit Opportunities Fund, a vehicle targeting middle-market companies in Saudi Arabia, the UAE and the broader MENA region. Read More… Read More
Jahez, a food delivery app backed by Impact46, agreed to acquire a 100% stake in The Chefz, a Saudi Arabia-based dessert delivery platform for SAR650m (~USD173m). Read more… Read More
Qashio, a UAE-based spend management platform, raised a USD10m seed round from Sanabil 500 MENA, Cadorna Ventures, One Way Ventures, MITAA, Nuwa Capital, Iliad Partners, Phoenix Investments and others. Read more… Read More
Silkhaus, a UAE-based short-term property rental app, raised a USD7.8m seed round from Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital, VentureSouq and others. Read more… Read More
Valar Ventures led a USD20m Series A for baraka, a UAE-based stock trading app for retail investors, with participation from Knollwood. Read more… Read More
Gulf Capital exited its 100% stake in Chef Middle East, a UAE-based foodservice distribution business, to US-listed food distributor The Chef’s Warehouse, generating a 2.5x return. Gulf Capital acquired Chef Middle East in June 2013 through Gulf Equity Partners Fund II. Read more… Read More
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