The European Bank for Reconstruction and Development (EBRD) has announced its first investments in Jordan, Morocco and Tunisia. The EBRD has committed EUR20 million (approximately US$26.2 million) to the Maghreb Private Equity Fund III, a North Africa-focused private equity fund managed by Tunisia-based AfricInvest-TunInvest Group, which is targeting EUR200… Read More
InfraMed, an infrastructure investment vehicle focused on the Mediterranean region, and Cyprus-based renewable energy developer EP Global Energy (EPGE) have invested in the development of a 114 MW wind project in Jordan through a joint venture special purpose vehicle. InfraMed will control 49 percent of the venture with the… Read More
The Overseas Private Investment Corporation (OPIC) has committed US$150 million to the Riyada Enterprise Development Growth Capital Fund (RED), managed by Aureos Capital, the global small- and mid-cap investing platform of the Abraaj Group. RED has a total capitalization of US$400 million and focuses on the development of SMEs… Read More
Palestine-focused venture capital firm Sadara Ventures has led a consortium of investors in a US$1 million Series A investment in Palestinian online travel service Yamsafer. Yamsafer was launched in 2011 and provides hotel booking services as well as activity packages to travelers in the Middle East. Sadara Ventures manages… Read More
Beltone Private Equity, the private equity subsidiary of Egyptian investment firm Beltone Financial, has invested EGP10 million (approximately US$1.6 million) for a 25 percent stake in Bio Pharma Egypt, a manufacturer of private label and branded nutritional supplements. Bio Pharma Egypt plans to use the funding to… Read More
Middle Eastern private equity firm Foursan Group has invested an undisclosed amount in Jordan Dubai Islamic Bank (JDIB), a Jordanian Islamic bank listed on the Amman Stock Exchange. Founded in 2010, JDIB currently has 12 branches in three Jordanian cities. The investment was made through Foursan Capital Partners I,… Read More
U.K.-based private equity investment and advisory firm Capital Trust Group has invested US$20 million in Sakson Petroleum Services Holding, an Egyptian provider of oil and natural gas drilling services. The investment was made through EuroMena II, a US$90 million MENA-focused private equity fund. Separately, Capital Trust Group has reportedly… Read More
U.K.-based emerging markets private equity investor Actis has announced the sale of its stake in Poulina, a Tunisian food conglomerate. Actis acquired the stake in 2008 by investing in Poulina’s flotation on the Tunis Stock Exchange through The Canada Investment Fund for Africa, a private equity fund Actis co-manages… Read More
Despite the shadows cast by Europe’s economic troubles and concerns of slowing economic growth in many emerging markets, most of the 875 participants attending the 14th Annual Global Private Equity Conference, co-hosted by EMPEA and IFC, were upbeat as they shared strategies and ideas on how to prevail as… Read More
Kuwait-based investment firm Global Investment House (Global) has exited its 82 percent stake in Al Rayan Holding Company, established through its Private Equity Fund and Global Opportunistic Fund I, through a strategic sale to an undisclosed buyer. The funds launched Al Rayan in 2007 as a holding company for… Read More
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