MENA- and Southeast Asia-focused alternative investment management firm Al Masah Capital has acquired a majority stake in United Arab Emirates-based Sabari Indian School, a primary school with a total capacity of 900 students from kindergarten to grade 12. The transaction was structured through Al Masah Capital’s education-focused private equity platform… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has acquired a 23 percent stake in Tunisia-based wheat collection, transformation and distribution company Société Meunière Tunisienne (SMT), which sells pasta under the Randa brand name. The transaction was structured through Mediterrania Capital II. SMT intends to use the capital to consolidate… Read More
Global growth markets investor The Abraaj Group has invested a reported US$100 million in Egypt-based education service provider Tiba Group. The transaction was structured through Abraaj North Africa Fund II. The company will use the funds to enhance its curricula, upgrade its facilities, increase enrollment and expand its partnerships. … Read More
Iqbal Khan is the Chief Executive Officer of Fajr Capital, a Dubai-based principal investment firm with a focus on strategic, high-growth sectors across key Organisation of Islamic Cooperation (OIC) markets. Fajr Capital’s shareholders include sovereign investors from Abu Dhabi, Brunei and Malaysia, and private investors from the Gulf… Read More
TPG/Satya–the Africa-focused partnership between TPG’s middle market and growth equity platform TPG Growth and Africa-focused, independent investment firm Satya Capital –has agreed to invest a reported MAD250 million (approximately US$26 million) for a minority stake in Morocco-based private school network Ecoles Yassamine. The company intends to use the new capital… Read More
STC Ventures, a Saudi Arabia-focused venture capital fund anchored by the Saudi Telecom Company, has led a US$3 million Series A financing round for United Arab Emirates-based Compareit4me, a price comparison site for financial products. Additional investors in the round included MENA-focused venture capital firm Wamda Capital and Government of… Read More
Download the full brief here. Why Do First-time Funds Matter? First-time funds, defined here as an asset manager’s first private equity (PE) vehicle, have historically accounted for a significant share of fundraising activity in emerging markets (EM). Between 2008 and the first quarter of 2015, 286 first-time funds… Read More
North Africa-focused private equity firm Mediterrania Capital Partners has reached a final close for its second fund, Mediterrania Capital II, with EUR120 million (approximately US$132 million) in capital commitments. The fund seeks growth opportunities in the Maghreb region, with potential expansion into Sub-Saharan Africa. Read More
Multinational specialty pharmaceutical company Valeant Pharmaceuticals International has agreed to acquire Egypt-based pharmaceutical company Amoun Pharmaceutical from global private equity firms Capital Group Private Markets and The Rohatyn Group and Egypt-focused investment management company Concord International Investments for US$800 million. Amoun will serve as a platform for Valeant’s expansion in… Read More
Investcorp, a global alternative investment manager, has acquired a majority stake in Saudi Arabia-based NDT Corrosion Control Services (NDT CCS), a testing services company for the industrials sector. The firm acquired NDT CCS from Saudi Arabia-based industrials conglomerate Al Shuwayer Group, which founded the company and retains a minority stake. Read More
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