Middle East-focused private equity firm Gulf Capital has acquired a majority stake in United Arab Emirates-based oil and gas crew supply and related logistics provider OCB Oilfield Services. OCB provides companies in the oil and gas industries with outsourced human resources solutions and operates in the Middle East, Southeast… Read More
Healthcare and pharmaceutical sector-focused private equity investor TVM Capital MENA has acquired a majority stake in United Arab Emirates-based home care services company Manzil Health Care Services. Manzil provides individualized nursing care, medical care and rehabilitation care services, and the company plans to enhance and expand its offerings throughout… Read More
International Finance Corporation (IFC), the private sector development institution of the World Bank Group, and two funds managed by IFC Asset Management Company (the IFC Capitalization Fund and the African Capitalization Fund) have agreed to invest up to US$48 million in Tunisia’s Amen Bank. The commitment will help Amen… Read More
Middle East-focused alternative investment firm Amwal AlKhaleej has exited its investment in Al Rowad Private Education Group (Rowad), a private school operator in Saudi Arabia, through a trade sale to an undisclosed buyer. Amwal AlKhaleej originally invested in Rowad in 2008 through its Amwal II private equity fund and… Read More
United Arab Emirates-based online fashion retailer Namshi has received investment from U.S.-based growth equity firm Summit Partners. Namshi sells apparel from over 550 brands to customers within the Gulf Cooperation Council countries. Financial details of the transaction were not disclosed. Read More
As 2012 came to a close, EMPEA reached out to a number of the industry’s leading practitioners to solicit their reflections on the year gone by, and to glean insights on the prospects for emerging markets private equity in the year ahead. The Global Firms’ Views Paul Fletcher, Senior Partner,… Read More
Download the full article here. Over the last few years, we have seen a significant drop in private equity capital flowing into emerging markets, with a greater percentage of this funding concentrating on a fewer number of larger funds active in a handful of core markets. Average… Read More
TVM Capital MENA, a U.A.E.-based healthcare and pharmaceutical sector-focused private equity firm, has invested in Cambridge Medical and Rehabilitation Center (CMRC), a local medical and rehabilitative treatment center, alongside Saudi investment firm The Olayan Group and Al Zarooni Emirates Investments. CMRC will use the funding to expand its long-term… Read More
Shelf Drilling, a shallow water drilling services provider headquartered in the United Arab Emirates, has completed the acquisition of 37 drilling rigs, one swamp barge and associated operations from global offshore drilling company Transocean for US$1.05 billion. Shelf Drilling was created with financing from global private equity firms Castle… Read More
Middle East and Africa-focused private equity firm Citadel Capital SAE, Qatari investment bank QInvest and other Qatari investors have agreed to form a joint venture to construct and own a Floating LNG Storage and Regasification Unit (FSRU) in Egypt. The new FSRU will regasify liquid natural gas and market… Read More
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