Chevron Corp has signed an agreement to sell its Hawaii refinery to private equity firm One Rock Capital Partners, ending a more-than six year quest to sell an asset not considered core to its business.
Terms of the deal were not
Last year was a very encouraging year for private equity (PE) in the Mena region with a growing volume of larger deals, notably in the retail and consumer goods, healthcare, and education sectors, an industry expert said.
Printing services company Lexmark International is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, according to people familiar with the matter.
Dubai-based private equity firm Abraaj Group is to close its office in Saudi Arabia, two sources familiar with the matter told Reuters on Tuesday.
One of the sources, a private equity-focused lawyer, said the office had become obs
Private equity fundraising in the Middle East may see a hit as private investors rein in spending due to economic conditions in the oil-dependent region, a partner in The Abraaj Group told the Reuters Middle East Investment Summit.
More than 250 private equity and venture capital professionals and stakeholders from across the world attended the Mena Private Equity and Venture Capital Summit yesterday (October 25) in Riyadh, Saudi Arabia.
Prince Dr Turki bin
The private equity market in the Middle East has matured in the last five years in terms of deal structures, volumes and values, according to speakers at a recent forum held in Dubai, UAE.
The debate was organised by ICAEW’s
Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters.
Financial technology company SunGard Data Systems Inc is preparing to appoint financial advisers to explore a sale that could value it at as much as $10 billion, including debt, people familiar with the matter said on Friday.
Cerberus Capital Management is seeking more than $3 billion for its latest flagship private equity fund to invest in distressed assets such as non-performing loans and ailing companies that need to be restructured, people familiar with the matte