Qatari conglomerate Mannai Corporation and Egyptian investment bank EFG Hermes have agreed to purchase Damas International, a Middle Eastern jewelry and watch retailer, with a bid of 45 cents per share. Under the terms of the transaction, Mannai will hold a controlling stake of 66 percent in Damas for… Read More
Riyada Enterprise Development (RED) has announced its intent to acquire a 50 percent stake in The Entertainer, a consumer services company that offers two-for-one discount vouchers for merchants in the UAE, Bahrain, Oman, Qatar, Saudi Arabia, Kuwait and Cyprus. RED is a targeted US$650 million high growth small- and… Read More
Jie Gong and Neil Harper, Portfolio Managers at Morgan Stanley Alternative Investment Partners Private Equity Fund of Funds group, lead investment activities for Asia and EMEA (Europe, Middle East and Africa), respectively. They discuss their views on the current state of the private equity industry from a global perspective… Read More
Abraaj Capital invested US$361 million for a 50% stake in May 2008. Company Headquarters: Pakistan Business focus: Generation, transmission and distribution of electricity Revenue: US$1.2 billion (FY 2010) Employees: 18,000 impact highlights Abraaj developed a line loss reduction model—Integrated Business Centres (IBCs)—that ended the split between the… Read More
EMPEA, on behalf of its 288 members, submitted comments on the Executive Regulations of Law No. 7 of 2010 Concerning Establishment of a Capital Markets Authority and Organization of Security Authority published in Kuwait’s Official Gazette, Issue No. 964 (56th year). Read More
Robert Thorpe, Managing Director of Macquarie Infrastructure and Real Assets (“MIRA”), discusses the opportunities and challenges of being a global infrastructure investor across both developed and emerging markets. Robert is focused on MIRA's emerging markets infrastructure funds business and is directly involved in the management of Macquarie's Indian Infrastructure… Read More
In this issue US – Dodd-frank and SEC Registration SEC Staff Indicates That the Commission Is Likely to Extend Key Dodd-Frank Adviser Compliance Dates Until First Quarter of 2012 White & Case LLP Dodd-Frank Act Rulemaking: Under Rubric of Systemic Risk, Joint SEC-CFTC Proposal Would Dramatically Expand… Read More
Expert commentary by tuninvest-africinvest group The extraordinary events in Tunisia, which were sparked by a spontaneous youth movement protesting unemployment, social inequities and corruption will undoubtedly have a long-term impact on the investment environment there. TunInvest-AfricInvest Group shares an analysis of the short- and long-term outlook for Tunisia, based on… Read More
While it is too soon to speculate about the potential long-term consequences of the unrest unfolding across North Africa, EMPEA’s members are expressing confidence that this chain of events will result in more stable, faster-growing economies that will present private equity players with compelling investment opportunities and more investor-friendly… Read More
The following is a summary of key issues discussed during an EMPEA Webcast held 17 November with Weil, Gotshal & Manges LLP. Approximately 140 people located in 25 different countries participated in the discussion led by John Fadely, Funds Partner (Hong Kong); Jonathon Soler, Funds Partner (New York);… Read More
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