Global alternative asset manager The Carlyle Group has acquired a minority stake in Jordanian frozen foods manufacturer Al-Nabil Food Industries (Nabil). The investment was structured through Carlyle MENA Partners, a US$500 million fund focused on the Middle East, North Africa and Turkey. The Rassam family, which owns Nabil, will… Read More
Standard Chartered Private Equity Limited (SCPEL), the private equity arm of Standard Chartered Bank, has exited its holdings in Bahrain-based retailer Hassan Mohammed Jawad & Sons. SCPEL originally invested US$75 million in mezzanine financing in the company, which operates approximately 550 stores in the Middle East and India, in… Read More
STC Ventures Fund, a Saudi Arabia-focused venture capital fund managed by Iris Capital Management, has acquired a minority stake in Saudi Arabian software company Acadox. STC Ventures is anchored by Saudi Arabian telecommunications company STC Group. Acadox was developed through the New Ventures & Entrepreneurship Program of King Abdullah… Read More
Moroccan Infrastructure Fund (MIF), a fund co-managed by Africa-focused private equity firm Emerging Capital Partners (ECP) and Moroccan private equity firm Attijari Invest, has exited its investment in Moroccan mining company Osead Maroc Mining (OMM). OMM is the controlling shareholder of Compagnie Minière de Touissit (CMT), a Moroccan lead… Read More
United Arab Emirates-based alternative asset management firm Gulf Capital has announced the third close of its Gulf Capital Credit Opportunities Fund with US$215 million in committed capital. Launched in 2011, the fund has received commitments from institutional investors and family offices around the globe, including a US$20 million anchor… Read More
Emerging markets-focused private equity firm Actis has agreed to purchase French environmental solutions provider Veolia Environnement’s Moroccan water, wastewater and electricity services, operated by concession companies Redal and Amendis. The transaction is valued at around EUR370 million (approximately US$482 million). Read More
Global growth markets-focused private equity firm The Abraaj Group has made an investment in Palestine-based Arabic educational games and toys maker Anoud Games. The Palestine Investment Fund (PIF), an independent investment company, is co-investing in the deal alongside Abraaj’s Palestine Growth Capital Fund (PGCF), in which PIF is a… Read More
Swicorp, an investment firm focused on the Middle East, North Africa and Turkey, has invested in Egyptian ophthalmological pharmaceuticals manufacturer Orchidia Pharmaceutical Industries. The investment, structured through Swicorp’s Intaj II investment fund, is intended to enable Orchidia to accelerate growth through the launch of new products and expansion to… Read More
EuroMena II, a MENA-focused private equity fund managed by Capital Trust Group, has acquired a 20 percent stake in Egyptian personal care products manufacturer Easy Group. The investment is intended to help Easy Group strengthen its market position in Egypt and expand into other countries within the MENA region. Read More
GrowthGate Capital Corporation, a growth investment firm focused on the Middle East and North Africa region, has exited its investment in Roots Steel International (RSI), a Saudi Arabia-based steel fabricator. GrowthGate sold its minority stake in RIS, in which it originally invested in 2010, to a consortium of majority… Read More
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