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
TVM Capital MENA, a U.A.E.-based healthcare and pharmaceutical sector-focused private equity firm, has invested in Cambridge Medical and Rehabilitation Center (CMRC), a local medical and rehabilitative treatment center, alongside Saudi investment firm The Olayan Group and Al Zarooni Emirates Investments. CMRC will use the funding to expand its long-term… Read More
Shelf Drilling, a shallow water drilling services provider headquartered in the United Arab Emirates, has completed the acquisition of 37 drilling rigs, one swamp barge and associated operations from global offshore drilling company Transocean for US$1.05 billion. Shelf Drilling was created with financing from global private equity firms Castle… Read More
Middle East and Africa-focused private equity firm Citadel Capital SAE, Qatari investment bank QInvest and other Qatari investors have agreed to form a joint venture to construct and own a Floating LNG Storage and Regasification Unit (FSRU) in Egypt. The new FSRU will regasify liquid natural gas and market… Read More
letter from the chairman This issue of the Legal and Regulatory Bulletin follows on a full week of very well attended and highly engaging EMPEA summits in London in late October. The topic of risk figured prominently during many of the sessions, with commentary ranging from tactical suggestions for identifying… Read More
In the past, managers promoting private funds in most countries in the Middle East—with the notable exception of Saudi Arabia—have not found much difficulty navigating local rules. Foreign fund managers would typically fly in, meet with clients, sign subscription agreements, and fly out a few days later without worrying… Read More
Middle East-focused venture capital firm Middle East Venture Partners (MEVP) has completed four Series A investments during the third quarter of 2012. MEVP invested in two Lebanese companies: Wixel Studios, a developer of games for tablets and smartphones, and Shahiya.com, a website and mobile application for sharing user-generated Arabic… Read More
Global Capital Management invested US$53.8 million for a majority (51%) stake in the company. Company Headquarters: Oman Business focus: Steel tube and structural products Revenue: US$237 million in 2011 impact highlights Global guided Jazeera Steel through a sharp contraction in the world steel market, reduced its borrowing costs by more… Read More
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