Global growth markets investor The Abraaj Group has exited its investment in Egypt-based business process outsourcing and contact center outsourcing company ECCO Outsourcing through a strategic sale to Saham Services, a subsidiary of Morocco-based conglomerate Saham Group. Abraaj initially invested in ECCO in 2013. Financial details of the transaction were… Read More
Global growth markets investor The Abraaj Group, along with development finance institutions European Bank for Reconstruction and Development (EBRD), DEG and Proparco, has formed the North Africa Hospital Holdings Group (NAHHG), an Egypt- and Tunisia-focused healthcare investment platform. Abraaj contributed US$145 million to the platform, EBRD contributed US$25 million and… Read More
Over the last six months, crude oil prices have fallen from over US$100 to less than US$50 per barrel. While the macroeconomic effects of this decline—falling commodity prices, currency volatility, trimmed economic growth forecasts and more—are far-reaching and varied, particularly in emerging markets, the effect of this drop on the private… Read More
Amjad Ahmad, Chief Executive Officer, NBK Capital Partners Are you seeing the decline in oil prices impacting your portfolio companies? We are definitely recalibrating capital expenditures and focusing on strengthening the core business of each portfolio company. Our portfolio companies are well capitalized; therefore, we are reviewing several bolt-on opportunities… Read More
Asset management and investment firm Alkhabeer Capital has acquired a majority stake in Saudi Arabia-based integrated healthcare provider Eed Group. The transaction was structured through Alkhabeer Healthcare Private Equity Fund I. The Eed Group recently expanded to add a pharmacy business, medical equipment supply and third-party management and operations. Financial… Read More
Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital… Read More
Vietnam-focused private equity firm Mekong Capital has partially exited Vietnam-listed mobile phone retailer Mobile World, selling 2.24 million shares, or a two percent stake, between 14 January and 26 January. Mekong originally invested in the company in May 2007 through Mekong Enterprise Fund II. Financial details of the transaction were… Read More
L Capital Asia, an Asia-focused private equity fund manager backed by global luxury goods distributor LVMH Group, has purchased a minority stake in Saudi Arabia-based gourmet confectionery producer and restaurant chain Bateel. The company intends to expand to the rest of the Middle East, as well as to European markets… Read More
Pan-emerging markets private equity firm Actis has acquired a 21 percent stake in Egypt-based Integrated Diagnostics Holdings, a private sector healthcare diagnostics service provider. Global growth markets investor The Abraaj Group partially exited through the transaction. The company intends to accelerate its growth and offer new and complementary services to… Read More
Middle market-focused buyout investor Growthgate Capital has exited its investment in United Arab Emirates-based logistics provider Able Logistics Group by selling its 70 percent stake to Kerry Freight Services (South Asia) for US$32 million. Kerry Freight Services is a wholly owned subsidiary of Hong Kong-listed logistics provider Kerry Logistics Network. Read More
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