Middle East-focused alternative investment firms NBK Capital Partners and Gulf Capital have invested in Jordan-based clothing manufacturer and distributor Classic Fashion Apparel. NBK invested through NBK Capital Partners Mezzanine Fund II, and Gulf Capital invested through Gulf Credit Opportunities Fund II. Classic Fashion Apparel will use the new funds to… Read More
U.A.E.-based investment data platform MAGNiTT has raised US$1 million in a seed financing round led by global venture capital investor 500 Startups. Fund managers Middle East Venture Partners and KISP Ventures, Saudi Arabia-based professional services firm Financial Horizon Group and U.A.E.-based information technology group iNet also participated in the round. Read More
EMPEA Members log in to receive exclusive access to the detailed report (PDF) and underlying data (Excel). Download the Year-End 2017 Statistics (PDF) » Fundraising highlights from EMPEA’s Year-End 2017 Industry Statistics: The composition of fundraising by strategy has shifted as venture capital, infrastructure and private credit… Read More
MENA-focused investment firms Swicorp and Wamda Capital have led an investment round for Mumzworld, an e-commerce company catering to mothers, babies and children in the Middle East and North Africa. Other investors in the round include health care and personal products company Tamer Group, as well as existing regional investors… Read More
NBK Capital Partners, an alternative investment fund manager focused on the Middle East and North Africa, has reached a first close for NBK Capital Partners Real Estate Fund I with US$75 million in capital commitments. Investors in the fund include regional institutions, pension funds, family offices and high-net worth individuals. Read More
Africa-focused private equity firm Amethis Finance has acquired a minority stake in Morocco-based industrial equipment distributor Groupe Premium. In 2017, Premium acquired the ATS network, which distributes IVECO and ASTRA brands in Ivory Coast, Senegal, Mali, Burkina Faso, Togo and Cameroon. Amethis, which accompanied Premium in the acquisition of the… Read More
Africa-focused private equity fund manager Mediterrania Capital Partners has invested in Egypt-based Cairo Scan Radiology and Labs through Mediterrania Capital III. Cairo Scan provides medical imaging services and diagnostics across 16 centers in Cairo and Giza. The new funds will support the expansion of Cairo Scan’s branch network. Financial details… Read More
Africa-focused private equity firm Mediterrania Capital Partners has led an EUR55 million (approximately US$67 million) investment in Morocco-based construction company Travaux Généraux de Construction de Casablanca (TGCC). Mediterrania invested through Mediterrania Capital III. Development finance institutions DEG and Proparco and Africa-focused fund of funds manager South Suez also participated. TGCC… Read More
Africa-focused private equity firm Mediterrania Capital Partners has acquired an undisclosed stake in Tunisia-based private education institution Groupe Scolaire René Descartes (GSRD) through Mediterrania Capital II. GSRD, which provides French and Tunisian programs for pre-primary school through college, plans to partner with Mediterrania to expand its current facilities and develop… Read More
By Ann Marie Plubell, Vice President, Regulatory Affairs, EMPEA Introduction The complexity of tax considerations on the strategic decision to select and enter an emerging market cannot be denied. The value of early tax analysis from multiple perspectives for both the funds (here termed “GPs”) and the investors in… Read More
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