Middle East private equity firm Abraaj has bought into Southeast Asian food and drink chain Wine Connection, as it looks to capitalise on the growing interest in wine and western food among the region's middle class.
Private equity firm Abraaj Group hopes to conclude a deal soon to buy a majority stake in Saudi fast-food chain Kudu alongside TPG Capital, a senior Abraaj executive said.
The Middle East's largest private equity firm has been
Abu Dhabi-based buyout firm Gulf Capital is looking to invest in 10-12 companies over five years with the launch of its third private equity fund of $750 million, its chief executive said on Sunday.
"We are making offers and
Gulf Capital, a leading alternative investment firm, has completed the acquisition of a strategic minority stake in Middle East Glass Manufacturing (MEG), Egypt’s largest container glass and PET manufacturer.
MEG is a worldw
Standard Chartered Private Equity (SCPE) announced today (August 20) the acquisition of a minority stake in UAE-based Topaz Energy and Marine (Bermuda), a leading offshore support vessel operator, through an equity investment of $75 million.
Many of the beliefs surrounding the impact of private equity (PE) firms, such as job destruction and an excessive focus on short-term profitability, do not hold, according to a report.
On the other hand, local and international PE
Private equity firms are mulling over a $10 billion plan to buy and merge older drug brands of Britain's GlaxoSmithKline and France's Sanofi, the Financial Times reported on Sunday, citing sources.
U.S.-based KKR and Warbu
The United Arab Emirates' Ministry of Economy has published new rules allowing firms in the state to use existing shares when listing on local exchanges or raising fresh equity capital, a move likely to boost private equity in the country.
Bahrain-based Investcorp, a global provider and manager of alternative investment products, has been awarded "Best Private Equity House in the Middle East" by EMEA Finance at its annual achievement awards ceremony.
The Middle Eastern investments of US private equity firm Carlyle have benefited from a rise in government spending since the Arab Spring uprisings, a top official said, adding the company would also start looking at deals in North Africa.