The Rohatyn Group taps Eiben for MD

The Rohatyn Group, an independent investment firm focused on emerging markets, has hired Gustavo Eiben as a managing director. Previously, Eiben worked at Aureos Capital (now Abraaj Capital) where he was the head of North America investor relations.

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peHUB First Read

To start off your week, First Read brings you the best month for deals so far in 2013, news that Clessidra is slashing its latest fund and seven top tech stories from the weekend.

Network International Acquires TimesofMoney Majority Stake

Payment solution provider Network International has acquired a majority stake in TimesofMoney, an Indian online remittance and digital payments service provider. London-based specialist advisory firm FT Advisors Limited, part of the Anthemis Group, advised Network International which is backed by private equity firm Abraaj Capital.

OPIC and Abraaj Capital Commit to MENA SME Fund

The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, and Abraaj Capital, a private equity group investing in growth markets worldwide, have signed a $150 million commitment to the Riyada Enterprise Development Growth Capital Fund. The vehicle will invest in SMEs in the MENA region, including Egypt. With a capitalization of $400 million, […]

Mediamorph Adds Four New Board Members

Mediamorph, a global provider of cloud-based software and managed services has added four new members to its board of directors. They are: Robert Toms, managing director at Smedvig Capital; Stewart Till, CBE, CEO of Sonar Entertainment; Wahid Hamid, senior partner and head of portfolio operations and management group at Abraaj Capital; and Michael Huseby, chief […]

Abraaj Capital Eyes India

Middle Eastern private equity firm Abraaj Capital is set to unveil more deal-making and is planning a major push into India, writes Reuters. Dubai-based Abraaj was founded a decade ago and has raised $7 billion since its inception, according to Reuters. Reuters – Abraaj Capital, the Middle East’s largest private equity firm, is set to […]

Abraaj Capital Backs Moroccan Insurance Co

Abraaj Capital is investing about $125 million in Moroccan insurance holding company, Saham Finances, writes Reuters. The business has majority stakes in three subsidiaries: Casablanca-listed CNIA Saada, sub-Saharan insurance firm Colina and Isaaf, a firm which focuses on the assistance services market in Morocco, Abraaj said in a statement. Reuters – Abraaj Capital is investing […]

Abraaj Capital to Acquire Aureos Capital

Middle Eastern private equity firm Abraaj Capital is to acquire UK-based specialist fund Aureos Capital, writes Reuters. Aureos Capital has about $1.3 billion assets under management and provides expansion and buyout capital to small and medium-sized businesses across Asia, Africa and Latin America. Reuters – Abraaj Capital said on Monday it will acquire specialist fund […]

Abraaj Capital Appoints Citi for Fund Admin

Abraaj Capital has appointed Citigroup to provide fund administration services for Riyada Enterprise Development, the US$650 million small and medium sized enterprise fund of the Abraaj Capital group. Riyada Enterprise Development was established in 2009 to capitalize on investment opportunities in small and medium sized businesses in the Middle East and North Africa. PRESS RELEASE […]

Fortis Healthcare Pulls Away from Acibadem Talks

Fortis Healthcare International has pulled out of talks to buy a controlling stake in Turkish hospital group Acibadem, Reuters reported Wednesday. The stake is being sold by Almond Holding, a vehicle owned jointly by Dubai-based private equity firm Abraaj Capital and Turkey’s Aydinlar family. Acibadem has a market value of about $1.2 billion.

Abraaj Capital Buys PE Operations of Amundi

Abraaj Capital, based in Dubai, said that is has acquired the North African private equity operations of French asset manager Amundi, Reuters reported Sunday. Abraaj has $6.2 billion under management, and will absorb Amundi’s 11-member investment team as part of the deal. Financial terms were not released.

Al Borg Laboratories Acquires Majority Stake in Biolab

Al Borg Laboratories, a medical diagnostics business based in Egypt, has acquired a majority stake in the Jordan-based lab group Biolab. It is the fourth acquisition being made by Al Borg since its own acquisition by Abraaj Capital. The firm, headquartered in Dubai, paid $150 million for a 90 percent stake in Al Borg in […]

Abraaj Capital Plans to Double Fund Size to $250M

Dubai-based Abraaj Capital plans to increase its regional real estate fund to $250 million, more than double its original target. The fund is eyeing deals in Saudi Arabia’s construction sector, Reuters reported. A first close of the fund was in December 2010, with $100 million.

Abraaj Capital May Buy Stake in Egypt’s Citadel Capital

Dubai-based Abraaj Capital is in early talks to buy a stake in Egypt’s Citadel Capital, Reuters reported. The talks are in a “very preliminary stage and no formal offer has been made,” Reuters wrote. Abraaj manages assets of over $6 billion and Citadel manages assets of $4 billion.

Firms Eye $2.5B Saudi Tower Business

Saudi Telecom Company and competitor Mobily may sell a majority stake in a combined $2.5 billion merged towers business, Reuters reported. Swedish company Ericsson is considering a bid alongside Saudi private equity firm Abraaj Capital and SREI Infrastructure, Reuters added. Other potential bidders include a partnership between Indian group GTL Infrastructure and Abu Dhabi investment fund Mubadala.

Abraaj Capital To Invest $533M in Saudi Arabia

Dubai-based buyout shop Abraaj Capital will pour 2 billion riyals ($533 million) into Saudia Arabia, investing in small and medium size enterprises, Reuters said. The investments are expected to be made over the next two years, Reuters said. Abraaj Capital has raised roughly $7 billion since it launched in 2002. (Reuters) – Abraaj Capital, a […]

Abraaj Capital Pays $539M for Network International Stake

Abraaj Capital, a private equity firm based in the United Arab Emirates, will pay 2 billion UAE dirhams ($539 million) for a 49% stake in Network International, Reuters reported. Network International is a subsidiary of Dubai-based lender Emirates NBD. The deal is expected to close during the first quarter of 2011.

Abraaj Capital Invests $28 Million Across Five Start-ups

Dubai-based private equity firm Abraaj Capital will invest $28 million across five startups based in Egypt, Kuwait and Jordan, Reuters reported. The investments come from the firm’s $500 million Riyada Enterprise Development fund, which invests across multiple sectors including healthcare and agriculture. The firm expects to close an additional 10 investment before the end of the year, Reuters said.

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