Investments in Africa, Asia, CEE, Latin America and the Middle East EMPEA’s 2021 report on global venture investment traces venture capital (VC) flows across Africa, Asia, CEE, Latin America and the Middle East. This year’s report includes new breakouts on cross-border co-investment to measure the scope of global collaboration… Read More
Peak Investments and ADQ led a USD10m Series A for UAE-based home services platform Rizek, with participation from a number of family offices from the UAE and Saudi Arabia. Read more… Read More
Vantage Capital has provided USD23m in mezzanine debt to Egypt-based hotel owner and operator PickAlbatros Hotels. Read more… Read More
Gulf Capital and NBK Capital Partners have fully exited their investment in Jordan-based apparel manufacturer Classic Fashion Apparel Industries. The exit was financed with support from a global bank, which provided new facilities to the company for debt refinancing. Gulf Capital and NBK Capital Partners originally invested in… Read More
Global Ventures led a USD8m pre-Series A for UAE-based fintech Mamo, with participation from 4DX Ventures, AlRajhi Partners, Olive Tree Capital and others. Read more… Read More
VentureSouq led a USD30.5m Series B for Saudi Arabia-based B2B e-commerce marketplace Sary, with participation from Rocketship.vc and STV, and follow-on from Raed Ventures, MSA Capital and Derayah VC. Read more… Read More
Modus Capital led an undisclosed Series A for UAE-based fintech Trade Capital Partners, with participation from the Eldaba Family Office and local angel investors. Read more… Read More
Silver Lake has invested USD800m for a minority stake in UAE-based artificial intelligence and cloud computing company Group 42. Read more… Read More
NBK Partners has closed a USD20m acquisition financing facility with UAE-based HR outsourcing company Reach Group to support the company’s cross-border expansion. Read more… Read More
A consortium of investors led by EIG Global Energy Partners and including Mubadala Investment Co. has agreed to acquire a 49% stake in the newly formed oil pipeline business of Saudi Aramco for USD12.4b. Read more… Read More
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