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
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, 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
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
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
Standard Chartered Private Equity Limited (SCPEL), the private equity arm of Standard Chartered Bank, has exited its holdings in Bahrain-based retailer Hassan Mohammed Jawad & Sons. SCPEL originally invested US$75 million in mezzanine financing in the company, which operates approximately 550 stores in the Middle East and India, in… Read More
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 (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
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
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