By Owen Lysak, Clifford Chance LLP The UK has had its first general election since it voted to leave the European Union (EU) last year, just weeks ahead of the start of Brexit negotiation talks. The asset management industry continues to face a period of uncertainty whilst we wait… Read More
The EMPEA Summer Bulletin focuses on various topics including the changing relationship between the United Kingdom and the European Union, recent currency and policy developments in China (particularly, the “One Belt Road” policy) and the likely impact of a new bankruptcy code on private credit and private equity industry… Read More
Germany-based carmaker Daimler, Saudi Stock Exchange-listed Kingdom Holding, venture capital firm DCM Ventures and alternative investment firm Coatue Management have invested US$150 million in Dubai-based transportation and ride hailing business Careem. As part of the transaction, global growth markets investor The Abraaj Group, which originally invested in Careem in 2015,… Read More
Key findings from the 2017 Global Limited Partners Survey include: Despite year-on-year declines in EM PE fundraising and investment activity in 2016, the majority of LP respondents* do not anticipate a drop in the dollar level of their new commitments to EM PE over the next two years. However,… Read More
Download the full brief here. Unlocking “Stuck” Capital Over the course of the past 15 years, emerging markets (EM) private equity (PE) has grown into a well-established segment of the global marketplace. From 2001 to 2008, capital raised annually for EM-focused private capital funds climbed from US$6.6 billion… Read More
The DFI Directory provides valuable information about the following DFIs’ activities, including investment priorities, fund manager criteria, and investment structures: Belgian Investment Company for Development Companies (BIO) (EMPEA Member) The Belgian Investment Company for Development Companies (BIO) is a DFI established in 2001 in the framework of the Belgian… Read More
The Bulletin features contributions from lawyers and private equity executives based in Bogota, Dubai, Hanoi, Ho Chi Minh City and Tokyo on legal, regulatory and market matters. The variety of the content reflects EMPEA’s global footprint. In this Bulletin our contributors present: Private Equity in Vietnam: a reflection on… Read More
By James Stull, King & Spalding and Dora Chan, King & Spalding In August 2016, the Emirates Securities and Commodities Authority (SCA), the federal securities regulator of the United Arab Emirates (UAE), adopted new investment funds regulations (the 2016 Fund Regulations), which repealed the prior funds regulations adopted in 2012… Read More
U.A.E.-based media platform and events company STEP Group has raised a US$2 million Series A round from MENA-focused venture capital firm Wamda Capital, U.A.E.-based investment company Equitrust, international venture capital firm North Base Media and Dubai Silicon Oasis Authority. STEP Group operates various English- and Arabic-language media outlets, as well… Read More
Middle East-focused private equity firm Foursan Group has sold its stake in Amman Stock Exchange-listed Jordan Dubai Islamic Bank (JDIB) to Jordan-based Bank Al-Etihad, realizing a reported 2.5x gross multiple of invested capital. Foursan originally invested in JDIB in 2012 through Foursan Capital Partners I. Financial details of the transaction… Read More
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