The Islamic Development Bank (IDB), an economic development organization based in Saudi Arabia with 56 member countries, has partnered with Dutch asset manager Robeco to launch a US$600 million private equity fund to invest in food and agriculture projects in Muslim nations. The fund, which will be managed by… Read More
TVM Capital MENA, a Dubai-based private equity and growth capital investor focused on the healthcare markets of the Middle East, North Africa and India, has held a final close of US$50 million for TVM Healthcare MENA I. With the final close, Crescent Enterprises, a diversified holding company based in… Read More
Tunisian venture capital fund manager Fidelium Finance has launched two private equity funds dedicated to small- and medium-size enterprises in the country. Fidelium Performance is a TND50 million (approximately US$33 million) fund that will invest in companies via common shares or preferred non-voting investment certificates, equity securities, convertible bonds… Read More
IFC and Islamic Development Bank (IDB) are investing up to US$100 million to support the construction of infrastructure projects across the Middle East and North Africa. The organizations are each investing US$50 million in the Arab Infrastructure Investment Vehicle (AIIV), which is expected to grow to between US$300 million… Read More
EMPEA’s 8th Annual Global Limited Partners Survey collected the views of 106 LPs from 28 countries around the world to better understand their changing attitudes toward private equity investing in emerging markets. This study provides EMPEA Members and the broader industry with a greater understanding of how LPs view the… Read More
Capital Trust Group, a firm focused on private equity, mezzanine debt and real estate investments in the United States, Europe, the Middle East and North Africa, has purchased a 51 percent stake in Al Oyoun al Dawli Hospital, a medical center for eye surgery and treatment in Egypt. The… Read More
Private equity manager Abraaj Capital has announced an agreement to invest in Kuwait Energy, an upstream oil and gas exploration and production company with operations in Egypt, Iraq, Yemen, Oman, Ukraine, Latvia, Russia and Pakistan. The investment, which will be made through Abraaj Private Equity Fund IV (APEV IV),… Read More
Qatari conglomerate Mannai Corporation and Egyptian investment bank EFG Hermes have agreed to purchase Damas International, a Middle Eastern jewelry and watch retailer, with a bid of 45 cents per share. Under the terms of the transaction, Mannai will hold a controlling stake of 66 percent in Damas for… Read More
Riyada Enterprise Development (RED) has announced its intent to acquire a 50 percent stake in The Entertainer, a consumer services company that offers two-for-one discount vouchers for merchants in the UAE, Bahrain, Oman, Qatar, Saudi Arabia, Kuwait and Cyprus. RED is a targeted US$650 million high growth small- and… Read More
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