North Africa-focused private equity firm Mediterrania Capital Partners (MCP) has reached an interim close on its second fund, Mediterrania Capital II (MC II), with EUR115.3 million (approximately US$147.4 million) in capital commitments. MCP aims to reach a final close at EUR150 million in March 2015. MC II has already completed… Read More
Middle East-focused alternative asset manager Gulf Capital has invested in United Arab Emirates-based Amana Healthcare, a provider of long-term medical care and post-acute rehabilitation services to United Arab Emirates nationals. Financial details of the transaction were not disclosed. … Read More
Badia Impact Fund, part of the global group of venture funds managed by Silicon Badia, has led a US$2 million financing round for Jordan-based provider of weather products and services ArabiaWeather. Existing investors including technology company Jabbar Internet Group, early-stage investor Dash Ventures and angel fund MENA Venture Investments also… Read More
Investment management and advisory firm The National Investor has led a consortium of investors in the acquisition of a 50 percent stake in United Arab Emirates-based National Catering Company (NCC), a private sector industrial catering and facility management business. The company intends to replicate its business model across the Gulf… Read More
Pan-emerging markets private equity firm Actis has invested in Tunisa-based Université Centrale Group, a provider of private tertiary education in Tunisia. The university’s four schools offer courses across medical, legal, engineering and business disciplines. Financial details of the transaction were not disclosed. Read More
MENA-focused venture capital firm Middle East Venture Partners and seed investor DASH Ventures have participated in a financing round for United Arab Emirates-based Altibbi, an Arabic language online medical platform. Altibbi intends to use the capital to accelerate revenue growth and expand the reach of its brand. Financial details of… Read More
Middle East-focused alternative asset manager Gulf Capital has completed the acquisition of 100 percent of United Arab Emirates-based hospitality distributor Destinations of the World (DOTW) in partnership with the company’s senior management. DOTW secures hotel room inventory and sells bookings to its distribution network of travel agents, airlines and tour… Read More
Tokyo-listed online recipe portal Cookpad has reached a definitive agreement to acquire Netsila, the Lebanon-based company behind Arabic language recipe website Shahiya.com, for US$13.5 million. Cookpad’s acquisition will facilitate an exit for MENA-focused venture capital firm Middle East Venture Partners (MEVP). MEVP originally invested in the company in 2012. Subject… Read More
Private equity and growth capital firm TVM Capital Healthcare Partners has launched a mandatory tender offer to buy a majority stake in Egypt-listed Ameco Medical Industries, a company that designs and manufactures catheters. The move is part of a deal with commercial bank National Bank of Egypt and mutual fund… Read More
Early stage technology investor Silicon Badia has led a Series A financing round of more than US$5 million for Jordan-based online retailer Wysada. The transaction was structured through Silicon Badia’s Badia Impact Fund. The round also included participation from new and existing investors from the Gulf Cooperation Council countries. Wysada… Read More
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