Waha Capital and AXA to close MENA deal by 2011

Waha Capital, the Abu Dhabi-based private equity firm, is working on a deal in the MENA (Middle East North Africa) region with France’s AXA Private Equity, the company said. Waha also has a $500 million MENA Infrastructure Fund, which it launched in 2006 jointly with HSBC and Dubai International Capital (DIC), which is about one-third invested, they said.