Private equity firms Mediterrania Capital Partners and the EuroMena Funds have acquired minority stakes in three retail companies: Tunisia-based BS Invest, Morocco-based CAP Retail and Algeria-based Investex Algérie. The transactions were structured through Mediterrania Capital Partners' MC II and the EuroMena funds' EuroMena III. The retail companies collectively distribute 11… Read More
Early-stage technology investor Silicon Badia has led a US$2.3 million financing round for Jordan-based marketplace lender Liwwa with participation from venture capital firm DASH Ventures. Silicon Badia structured its contribution through its Badia Impact Fund. Liwwa will use the new funds to grow its underwriting capacity in Jordan and the… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 43 percent stake in Algeria-based long-term car rental company Cieptal Cars. The transaction was structured through Mediterrania Capital II. The company, which owns a fleet of 761 cars, focuses on corporate clients, primarily from the oil and gas sector. Read More
Africa-focused private investment firm Helios Investment Partners has acquired 100 percent of emerging markets-focused financial services companies Crown Agents Bank (CAB) and Crown Agents Investment Management (CAIM) following the receipt of regulatory approvals. The transactions were structured through Helios Investors III. CAB and CAIM provide payments, trade finance, foreign exchange… Read More
NBK Capital Partners, a private equity and mezzanine fund manager focused on the Middle East and North Africa region, has invested in Saudi Arabia-based seafood restaurant chain Amo Hamza. The transaction was structured through NBK Capital Equity Partners Fund II. Financial details of the transaction were not disclosed. Read More
Pan-African private equity firm AfricInvest has invested in Morocco-based customer relationship management and business process outsourcing provider Outsourcia Group. The transaction was structured through Maghreb Private Equity Fund III. AfricInvest aims to support Outsourcia in bringing its corporate development initiative, “Acquire and Migrate,” to other regions of Africa. Financial details… Read More
MENA Infrastructure, an infrastructure fund manager focused on the Middle East, North Africa and Turkey region, has sold its 30 percent stake in Egypt-based port terminal operator Alexandria International Container Terminal to global port investor Hutchison Port Holdings. Separately, MENA Infrastructure has exited its 38 percent stake in Oman-based power… Read More
United Arab Emirates-based online marketplace Souq.com has raised US$275 million from global investment firm Tiger Global Management, South Africa-based internet and media company Naspers, Standard Chartered Bank’s private equity arm Standard Chartered Private Equity (SCPE), development finance institution International Finance Corporation (IFC) and global investment management firm Baillie Gifford. SCPE… Read More
Pan-emerging markets private equity firm Actis has sold its minority stake in China-based budget and mid-range hotel chain Plateno Hotel Group to China-based hotel group Shanghai JinJiang International Hotels (JinJiang Hotels). The transaction took place as part of JinJiang Hotels’ acquisition of an 81 percent stake in Plateno at an… Read More
Pan-African private equity firm AfricInvest and private equity firm Siparex have reached a first close for the Fonds de Co-Localisation Franco-Tunisien (FCFT) with EUR20 million (approximately US$22.4 million) in capital commitments. The fund was promoted and equally subscribed by France-based investment bank Bpifrance and the Tunisian branch of the French… Read More
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