Swicorp, an investment firm focused on the Middle East, North Africa and Turkey, has invested in Egyptian ophthalmological pharmaceuticals manufacturer Orchidia Pharmaceutical Industries. The investment, structured through Swicorp’s Intaj II investment fund, is intended to enable Orchidia to accelerate growth through the launch of new products and expansion to… Read More
EuroMena II, a MENA-focused private equity fund managed by Capital Trust Group, has acquired a 20 percent stake in Egyptian personal care products manufacturer Easy Group. The investment is intended to help Easy Group strengthen its market position in Egypt and expand into other countries within the MENA region. Read More
GrowthGate Capital Corporation, a growth investment firm focused on the Middle East and North Africa region, has exited its investment in Roots Steel International (RSI), a Saudi Arabia-based steel fabricator. GrowthGate sold its minority stake in RIS, in which it originally invested in 2010, to a consortium of majority… Read More
Middle East-focused private equity firm Gulf Capital has acquired a majority stake in United Arab Emirates-based oil and gas crew supply and related logistics provider OCB Oilfield Services. OCB provides companies in the oil and gas industries with outsourced human resources solutions and operates in the Middle East, Southeast… Read More
Healthcare and pharmaceutical sector-focused private equity investor TVM Capital MENA has acquired a majority stake in United Arab Emirates-based home care services company Manzil Health Care Services. Manzil provides individualized nursing care, medical care and rehabilitation care services, and the company plans to enhance and expand its offerings throughout… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, and two funds managed by IFC Asset Management Company (the IFC Capitalization Fund and the African Capitalization Fund) have agreed to invest up to US$48 million in Tunisia’s Amen Bank. The commitment will help Amen… Read More
Middle East-focused alternative investment firm Amwal AlKhaleej has exited its investment in Al Rowad Private Education Group (Rowad), a private school operator in Saudi Arabia, through a trade sale to an undisclosed buyer. Amwal AlKhaleej originally invested in Rowad in 2008 through its Amwal II private equity fund and… Read More
United Arab Emirates-based online fashion retailer Namshi has received investment from U.S.-based growth equity firm Summit Partners. Namshi sells apparel from over 550 brands to customers within the Gulf Cooperation Council countries. Financial details of the transaction were not disclosed. Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
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