Middle East-focused private equity firm Amwal AlKhaleej has sold its stake in Egypt-based consumer finance company Sarwa Capital, the parent company of car loan company Contact Car Trading, to the Egyptian-American Enterprise Fund, an investment fund set up by the United States government. Amwal AlKhaleej originally acquired a majority stake… Read More
MENA-focused venture capital firm Wamda Capital, United Arab Emirates-based media and entertainment free zone twofour54 and non-profit Endeavor’s co-investment vehicle Endeavor Catalyst have led a Series A funding round for Mumzworld, a United Arab Emirates-based bilingual e-commerce site that focuses on products for mothers, babies and children. Mumzworld plans to… Read More
Investcorp, a global alternative investment manager, has acquired a minority stake in Saudi Arabia-based supermarket and hypermarket company Bindawood Holding. Bindawood intends to expand its business in Saudi Arabia, with plans to open more than 30 hypermarkets and supermarkets in coming years. Financial details of the transaction were not disclosed. Read More
Global growth markets investor The Abraaj Group has agreed to acquire a majority stake in India-based healthcare provider Quality CARE India from global private equity firm Advent International. Abraaj reportedly agreed to purchase a 72 percent stake in the company from Advent, valuing the company at more than US$269 million. Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO) from North Africa-focused private equity firm Mediterrania Capital Partners. The transaction, which represents a full exit for Mediterrania, was structured through Abraaj’s Abraaj North… Read More
Global growth markets investor The Abraaj Group has acquired a minority stake in Algeria-based baby diaper and feminine sanitary pad manufacturer and distributor Cellulose Processing (CEPRO). The transaction was structured through Abraaj North Africa Fund II. Abraaj intends to work with CEPRO to increase the company’s production capacity and efficiency,… Read More
Middle East-focused alternative asset manager Gulf Capital has reached a first close for its second credit and mezzanine fund, Gulf Credit Opportunities Fund II, with US$175 million in capital commitments. The fund, which has a target of US$250 million and hard cap of US$300 million, will provide financing to mid-market… Read More
Global growth markets investor The Abraaj Group and French development finance institution Proparco have sold a combined 83 percent stake in Tunisia-based pharmaceutical company Unité de Fabrication de Médicaments (UNIMED). The firms sold the stake to a consortium of investors including asset managers SQM Frontier Management and Blakeney Asset Management,… Read More
Lebanon-focused venture capital firmBerytech Fund has announced just under US$20 million in investments across 13 early-stage companies. The transactions were structured through Berytech Fund II. Berytech’s investments in Lebanon-based companies included US$4 million in swimming tracker Instabeat and US$2 million each in telecom software provider Mobinets, video-on-demand platform Cinemoz, Lifestyle… Read More
Global private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49 percent stake in United Arab Emirates-based payments solutions provider Network International from global growth markets investor The Abraaj Group. The Abraaj Group originally invested in the company, which has a reported enterprise value of more… Read More
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