Kudu, a Saudi Arabia-based restaurant group, has raised sharia-compliant debt funding from global growth markets investor The Abraaj Group and global private investment firm TPG. The investment was structured through a vehicle jointly owned by Abraaj and TPG. Financial details of the transaction were not disclosed. Read More
Pan-emerging markets private equity firm Actis has sold a 15 percent stake in Edita Food Industries, an Egypt-based snack food company, through an oversubscribed initial public offering (IPO) on the Egyptian Exchange and the London Stock Exchange. Actis sold 54.4 million shares in the offering at a price of EGP18.5… Read More
Foursan Group, a private equity firm primarily focused on the Middle East, has acquired a 30 percent stake in Zalatimo Sweets & Restaurants, a Jordan-based confectionary company. The transaction was structured through Foursan Capital Partners I. Zalatimo currently operates six retail outlets around Amman; has franchised outlets in Bahrain, Kuwait… Read More
Jadwa Investment, a Saudi Arabia-focused private equity firm and investment bank, has led the acquisition of a majority stake in Saudi Arabia-based engineering company Saudi Mechanical Industries. Arab Petroleum Investments Corporation (APICORP), a multilateral development bank focusing on the oil and gas sector in the Arab world, also participated in… Read More
Albert Alsina is the CEO and Managing Partner of Mediterrania Capital Partners, a private equity firm focused on small- and medium-sized enterprises (SMEs) and mid-cap companies in North Africa with total assets under management of more than US$200 million. In this interview, Albert discusses the opportunity set available to private… Read More
Global growth markets investor The Abraaj Group has exited its investment in Egypt-based business process outsourcing and contact center outsourcing company ECCO Outsourcing through a strategic sale to Saham Services, a subsidiary of Morocco-based conglomerate Saham Group. Abraaj initially invested in ECCO in 2013. Financial details of the transaction were… Read More
Global growth markets investor The Abraaj Group, along with development finance institutions European Bank for Reconstruction and Development (EBRD), DEG and Proparco, has formed the North Africa Hospital Holdings Group (NAHHG), an Egypt- and Tunisia-focused healthcare investment platform. Abraaj contributed US$145 million to the platform, EBRD contributed US$25 million and… Read More
Over the last six months, crude oil prices have fallen from over US$100 to less than US$50 per barrel. While the macroeconomic effects of this decline—falling commodity prices, currency volatility, trimmed economic growth forecasts and more—are far-reaching and varied, particularly in emerging markets, the effect of this drop on the private… Read More
Amjad Ahmad, Chief Executive Officer, NBK Capital Partners Are you seeing the decline in oil prices impacting your portfolio companies? We are definitely recalibrating capital expenditures and focusing on strengthening the core business of each portfolio company. Our portfolio companies are well capitalized; therefore, we are reviewing several bolt-on opportunities… Read More
Asset management and investment firm Alkhabeer Capital has acquired a majority stake in Saudi Arabia-based integrated healthcare provider Eed Group. The transaction was structured through Alkhabeer Healthcare Private Equity Fund I. The Eed Group recently expanded to add a pharmacy business, medical equipment supply and third-party management and operations. Financial… Read More
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