ARIF Fund Acquires a 20 Percent Stake in Mass Céréales Al Maghreb (MENA)

Infra Invest, a management company for investment funds specializing in infrastructure projects in Africa and a subsidiary of asset manager RMA Capital, has announced the acquisition of a 20 percent ownership position in Morocco-based Mass Céréales Al Maghreb, a subsidiary of the family-owned conglomerate Holmarcom Group. The transaction was… Read More

Mediterrània Capital II Reaches EUR90 Million First Close (MENA)

Mediterrània Capital Partners, a division of the Spanish financial group Riva y Garcia, has announced the first closing of Mediterrània Capital II with EUR90 million (approximately US$122 million) in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank and European Bank for Reconstruction and Development. Read More

NBK Capital Holds US$217 Million First Close (MENA)

NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has reached a first close on its second private equity fund, NBK Capital Equity Partners Fund II, with US$217 million in capital commitments. The fund will continue the firm’s strategy of… Read More

The Abraaj Group Sells Stake in Opalia Pharma (MENA)

Global growth markets investor The Abraaj Group has announced its full exit from Tunisia-based pharmaceutical company Opalia Pharma. The Abraaj Group, which originally invested in Opalia in 2009, sold its entire stake to Italy-listed Recordati, an international pharmaceutical company. In addition to The Abraaj Group’s stake, Recordati has agreed… Read More

AfricInvest Invests in Tunisia-based Maille Club (MENA)

AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested in Tunisia-based textile manufacturer Maille Club. The company, which operates under the Mabrouk brand, was established in 1976 and designs, manufactures and markets textiles through a network of a dozen shops in Tunisia. Financial details… Read More

Foursan Group Acquires a 37 Percent Stake in Jordan-Based ATICO (MENA)

Foursan Group, a private equity firm primarily focused on the Middle East region, has acquired a 37 percent stake in Jordan-based ATICO—Fakhreldin Group, a holding company operating in multi-service hospitality management. ATICO intends to use the capital injection to fund local and regional expansion and to grow and diversify… Read More



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