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
Amwal AlKhaleej, a Saudi Arabia-based alternative investment and private equity firm, has announced the listing of travel services provider Al Tayyar Travel Group on the Saudi Stock Exchange. The offering raised over SAR8.3 billion (US$2.2 billion). Amwal AlKhaleej, which invested US$7.9 million in Al Tayyar in January 2005 through… Read More
The Egyptian Refining Company (ERC) has closed a US$3.7 billion financing package to develop a greenfield petroleum refining project outside Cairo. Financing for the project, led by Citadel Capital SAE, a Cairo-based private equity firm investing in the Middle East and Africa, will include US$2.6 billion in debt and… Read More
The Islamic Development Bank (IDB), an economic development organization based in Saudi Arabia with 56 member countries, has partnered with Dutch asset manager Robeco to launch a US$600 million private equity fund to invest in food and agriculture projects in Muslim nations. The fund, which will be managed by… Read More
TVM Capital MENA, a Dubai-based private equity and growth capital investor focused on the healthcare markets of the Middle East, North Africa and India, has held a final close of US$50 million for TVM Healthcare MENA I. With the final close, Crescent Enterprises, a diversified holding company based in… Read More
Tunisian venture capital fund manager Fidelium Finance has launched two private equity funds dedicated to small- and medium-size enterprises in the country. Fidelium Performance is a TND50 million (approximately US$33 million) fund that will invest in companies via common shares or preferred non-voting investment certificates, equity securities, convertible bonds… Read More
IFC and Islamic Development Bank (IDB) are investing up to US$100 million to support the construction of infrastructure projects across the Middle East and North Africa. The organizations are each investing US$50 million in the Arab Infrastructure Investment Vehicle (AIIV), which is expected to grow to between US$300 million… Read More
EMPEA’s 8th Annual Global Limited Partners Survey collected the views of 106 LPs from 28 countries around the world to better understand their changing attitudes toward private equity investing in emerging markets. This study provides EMPEA Members and the broader industry with a greater understanding of how LPs view the… Read More
Capital Trust Group, a firm focused on private equity, mezzanine debt and real estate investments in the United States, Europe, the Middle East and North Africa, has purchased a 51 percent stake in Al Oyoun al Dawli Hospital, a medical center for eye surgery and treatment in Egypt. The… Read More
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