MENA-focused private equity firm Havenvest Private Equity Middle East, formerly known as HSBC Private Equity Middle East, and Saudi Arabia-based trading and industrial conglomerate Al Rashed group have jointly arranged the acquisition of a significant minority stake in UAE-based IT systems integrator Omnix International. Omnix intends to use the… Read More
Investcorp, a global provider and manager of alternative investment products, has acquired a 25 percent stake in Saudi Arabia-based Leejam Sports Company, owner of the sports and fitness brand Fitness Time. The transaction was structured through Investcorp’s Gulf Opportunity Fund. Leejam has over 1,400 employees and currently operates over… Read More
Global growth markets investor The Abraaj Group has announced an investment in Morocco-based manufacturer and marketer of pharmaceutical products Steripharma. The company intends to use the capital injection to build a new plant and to develop the company’s exports, primarily to the private sector of North and Sub-Saharan Africa. Read More
Beltone Private Equity (BPE), an affiliate of Egypt-based Beltone Financial Holding, recently acquired a stake in Total Egypt, the Egyptian subsidiary of French oil company Total. Total and BPE-managed funds Beltone Capital and BPE Energy will jointly acquire global energy provider Chevron’s Egypt-based retail and aviation businesses, including 66… Read More
Global growth markets investor The Abraaj Group has backed Tunisia-based Plastic Electromechanic Company (PEC), a plastic injection company that serves clients in the automotive, electrical and healthcare industries. The investment will allow PEC to expand further into Europe and the Middle East, launch new products and make acquisitions. Financial… Read More
Gulf Capital, a United Arab Emirates-based alternative investment firm, has acquired a 100 percent stake in Chef Middle East, an importer and distributor of high-end, specialty and fine food products, from United Arab Emirates-based Vintage Holdings. Chef Middle East serves more than 1,000 customers in the United Arab Emirates,… Read More
The U.S. Agency for International Development (USAID), global growth market investor The Abraaj Group and Pakistan-based asset manager JS Private Equity Management have announced the Pakistan Private Investment Initiative, which will launch two new private equity funds focused solely on investing in Pakistan’s small- and medium-sized enterprises. USAID will… Read More
Pan-emerging markets private equity firm Actis has invested US$102 million in Edita Food Industries, an independent snack food business based in Egypt. Edita sells around 2.5 billion pieces of croissants, cakes and wafers annually to consumers in Egypt and other markets in North Africa. The transaction was reportedly structured… Read More
Al Noor Hospitals Group, a United Arab Emirates-based provider of healthcare services, raised GBP221 million (approximately US$342 million) in an initial public offering on the London Stock Exchange, the first for a UAE-based company this year. The company sold 38.5 million new and existing shares, or 32.9 percent of… Read More
Investcorp, a Bahrain-based manager of alternative investment products, has agreed to acquire a 38 percent stake in Al Yusr Industrial Contracting Company, a provider of technical industrial support services to the petrochemical, oil and gas sectors in Saudi Arabia and Qatar. The investment was structured through Investcorp’s Gulf Opportunity… Read More
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