Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were… Read More
L Capital Asia, an Asia-focused private equity fund manager backed by global luxury goods distributor LVMH Group, has purchased a minority stake in Saudi Arabia-based gourmet confectionery producer and restaurant chain Bateel. The company intends to expand to the rest of the Middle East, as well as to European markets… Read More
Pan-emerging markets private equity firm Actis has acquired a 21 percent stake in Egypt-based Integrated Diagnostics Holdings, a private sector healthcare diagnostics service provider. Global growth markets investor The Abraaj Group partially exited through the transaction. The company intends to accelerate its growth and offer new and complementary services to… Read More
Middle market-focused buyout investor Growthgate Capital has exited its investment in United Arab Emirates-based logistics provider Able Logistics Group by selling its 70 percent stake to Kerry Freight Services (South Asia) for US$32 million. Kerry Freight Services is a wholly owned subsidiary of Hong Kong-listed logistics provider Kerry Logistics Network. Read More
North Africa-focused private equity firm Mediterrania Capital Partners (MCP) has reached an interim close on its second fund, Mediterrania Capital II (MC II), with EUR115.3 million (approximately US$147.4 million) in capital commitments. MCP aims to reach a final close at EUR150 million in March 2015. MC II has already completed… Read More
Middle East-focused alternative asset manager Gulf Capital has invested in United Arab Emirates-based Amana Healthcare, a provider of long-term medical care and post-acute rehabilitation services to United Arab Emirates nationals. Financial details of the transaction were not disclosed. … Read More
Badia Impact Fund, part of the global group of venture funds managed by Silicon Badia, has led a US$2 million financing round for Jordan-based provider of weather products and services ArabiaWeather. Existing investors including technology company Jabbar Internet Group, early-stage investor Dash Ventures and angel fund MENA Venture Investments also… Read More
Investment management and advisory firm The National Investor has led a consortium of investors in the acquisition of a 50 percent stake in United Arab Emirates-based National Catering Company (NCC), a private sector industrial catering and facility management business. The company intends to replicate its business model across the Gulf… Read More
Pan-emerging markets private equity firm Actis has invested in Tunisa-based Université Centrale Group, a provider of private tertiary education in Tunisia. The university’s four schools offer courses across medical, legal, engineering and business disciplines. Financial details of the transaction were not disclosed. Read More
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