A consortium of investors led by Apollo Global Management has agreed to acquire a 49% stake in UAE-based Abu Dhabi Property Leasing Holding Company, a wholly owned affiliate of ADNOC, for USD2.7b as part of a deal valued at USD5.5b. The transaction is expected to close by the… Read More
Delivery Hero has acquired Dubai-based grocery delivery marketplace InstaShop for USD360m, facilitating an exit for early backers Jabbar Internet Group and VentureFriends. Read more… Read More
Saudi-based National Talents, Lebanon’s IM Capital, DHV Partners, and an unnamed angel invested USD520k in Dubai- and Beirut-based Geek Express, an edtech that provides online and offline STEAM education to children across MENA. The round takes Geek Express’ total raise to USD860k. Read more… Read More
UAE-based VC 971 Capital led a USD20m investment in Dubai-based insurtech Sehteq. Read more… Read More
Wamda, EQ2 Ventures, and Nuwa Capital led a USD2.5m pre-Series B bridge round for Dubai-based eyewear e-commerce platform eyewa. Read more… Read More
Arzan VC, AlTouq Group, and Nazer Group led a USD5m pre-Series A for iKcon, a Dubai-based cloud kitchen operator active across the UAE. Read more… Read More
Leap Ventures has exited Lebanon-based tech-enabled drone inspection management company NAR Technologies via a sale to US-based B3bar. Read more… Read More
Enko Capital Managers has agreed to sell its minority stake in Dubai-based logistics company AMI Logistics to CEVA Logistics, a subsidiary of CMA CGM. AMI’s founders have also agreed to divest their stakes in the company. Enko originally invested USD7m via its Enko Africa Private Equity Fund (EAPEF)… Read More
BECO Capital, Tamer Group, and French shipping company CMA CGM have invested USD15m in Dubai-based logistics startup Fetchr. The funding, which could rise to as much as USD25m, is part of the company’s turnaround plan to expand into Saudi Arabia after it risked bankruptcy in 2019. Read… Read More
The 16th annual edition of EMPEA’s Global Limited Partners Survey features the views of 109 limited partners (LPs) on the current conditions and outlook for private capital in emerging markets (EM). This study aims to shed light on how LP investment plans are evolving and what factors are affecting LP… Read More
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