Mediterrània Capital Partners, a division of the Spanish financial group Riva y Garcia, has announced the first closing of Mediterrània Capital II with EUR90 million (approximately US$122 million) in capital commitments. Investors include development finance institutions International Finance Corporation, European Investment Bank and European Bank for Reconstruction and Development. Read More
Global asset manager PineBridge Investments Middle East has acquired a United Arab Emirates-based school campus operated by global education services provider GEMS Education in a sale and leaseback transaction. Under the terms of the agreement, GEMS Education will lease the school campus for a term of over 20 years,… Read More
NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has acquired a 49 percent stake in United Arab Emirates-based casual dining chain Shakespeare and Co. The transaction was structured through NBK Capital Equity Partners Fund II. Shakespeare and Co., which… Read More
NBK Capital, an alternative investment firm focused on growth capital in middle market companies throughout the MENA region, has reached a first close on its second private equity fund, NBK Capital Equity Partners Fund II, with US$217 million in capital commitments. The fund will continue the firm’s strategy of… Read More
Global growth markets investor The Abraaj Group has announced its full exit from Tunisia-based pharmaceutical company Opalia Pharma. The Abraaj Group, which originally invested in Opalia in 2009, sold its entire stake to Italy-listed Recordati, an international pharmaceutical company. In addition to The Abraaj Group’s stake, Recordati has agreed… Read More
AfricInvest Group, a private equity house focused on North and Sub-Saharan Africa, has invested in Tunisia-based textile manufacturer Maille Club. The company, which operates under the Mabrouk brand, was established in 1976 and designs, manufactures and markets textiles through a network of a dozen shops in Tunisia. Financial details… Read More
Foursan Group, a private equity firm primarily focused on the Middle East region, has acquired a 37 percent stake in Jordan-based ATICO—Fakhreldin Group, a holding company operating in multi-service hospitality management. ATICO intends to use the capital injection to fund local and regional expansion and to grow and diversify… Read More
Investcorp, a Bahrain-based manager of alternative investment products, has acquired a 30 percent stake in Saudi Arabia-based car rental company Theeb Rent a Car. The transaction was structured through Investcorp’s Gulf Opportunity Fund. Theeb currently employs 900 people and operates a fleet of over 10,000 cars. The company intends… Read More
MENA-focused private equity firm Havenvest Private Equity Middle East, formerly known as HSBC Private Equity Middle East, and Saudi Arabia-based trading and industrial conglomerate Al Rashed group have jointly arranged the acquisition of a significant minority stake in UAE-based IT systems integrator Omnix International. Omnix intends to use the… Read More
Investcorp, a global provider and manager of alternative investment products, has acquired a 25 percent stake in Saudi Arabia-based Leejam Sports Company, owner of the sports and fitness brand Fitness Time. The transaction was structured through Investcorp’s Gulf Opportunity Fund. Leejam has over 1,400 employees and currently operates over… Read More
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