Capital North Africa Venture Fund II Holds Its First Close (MENA)

Moroccan private equity firm Capital Invest’s Capital North Africa Venture Fund II, a fund focused on providing equity and quasi-equity financing to local small- and medium-sized enterprises, has held a first close with over EUR75 million (approximately US$99 million) in capital commitments. The fund has a final target size… Read More

Foursan Group Exits Al-Isra Education & Investment (MENA)

Foursan Group, a private equity firm primarily focused on the Middle East region, announced its exit from Al-Isra Education & Investment, the Amman Stock Exchange-listed holding company that operates Jordan’s Al-Isra Private University. Al-Isra provides undergraduate and graduate degrees to nearly 6,500 students. Foursan Group originally invested in the… Read More

2013 Global Limited Partners Survey

The findings of this Survey are based on data collected from 112 LPs from over 30 countries. Representing public and corporate pension funds, insurance companies, sovereign wealth funds, banks, asset managers, endowments, foundations, family offices, development finance institutions, multilateral organizations and funds of funds, these institutional investors collectively represent disclosed… Read More

The Carlyle Group Partners with Nabil Foods (MENA)

Global alternative asset manager The Carlyle Group has acquired a minority stake in Jordanian frozen foods manufacturer Al-Nabil Food Industries (Nabil). The investment was structured through Carlyle MENA Partners, a US$500 million fund focused on the Middle East, North Africa and Turkey. The Rassam family, which owns Nabil, will… Read More

STC Ventures Completes Its Investment in Acadox (MENA)

STC Ventures Fund, a Saudi Arabia-focused venture capital fund managed by Iris Capital Management, has acquired a minority stake in Saudi Arabian software company Acadox. STC Ventures is anchored by Saudi Arabian telecommunications company STC Group. Acadox was developed through the New Ventures & Entrepreneurship Program of King Abdullah… Read More

Moroccan Infrastructure Fund Exits Osead Maroc Mining (MENA)

Moroccan Infrastructure Fund (MIF), a fund co-managed by Africa-focused private equity firm Emerging Capital Partners (ECP) and Moroccan private equity firm Attijari Invest, has exited its investment in Moroccan mining company Osead Maroc Mining (OMM). OMM is the controlling shareholder of Compagnie Minière de Touissit (CMT), a Moroccan lead… Read More

Gulf Capital Announces US$215 Million Third Close of Its Credit Fund (MENA)

United Arab Emirates-based alternative asset management firm Gulf Capital has announced the third close of its Gulf Capital Credit Opportunities Fund with US$215 million in committed capital. Launched in 2011, the fund has received commitments from institutional investors and family offices around the globe, including a US$20 million anchor… Read More

Actis Reaches Agreement with Veolia (MENA)

Emerging markets-focused private equity firm Actis has agreed to purchase French environmental solutions provider Veolia Environnement’s Moroccan water, wastewater and electricity services, operated by concession companies Redal and Amendis. The transaction is valued at around EUR370 million (approximately US$482 million). Read More

The Abraaj Group Announces Investment in Anoud (MENA)

Global growth markets-focused private equity firm The Abraaj Group has made an investment in Palestine-based Arabic educational games and toys maker Anoud Games. The Palestine Investment Fund (PIF), an independent investment company, is co-investing in the deal alongside Abraaj’s Palestine Growth Capital Fund (PGCF), in which PIF is a… Read More



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