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Gulf Digest: Two Saudi startups propel deal momentum this week

General

29 December, 2023

Gulf Digest: Two Saudi startups propel deal momentum this week

Funding activity in the Middle East was led by growth-stage funding of two startups during the final week of 2023.  Soum ......

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Flashback 2023: How startup dealmaking panned out across the MENA region

TMT

29 December, 2023

Flashback 2023: How startup dealmaking panned out across the MENA region

The Middle East and North Africa (MENA) region has recorded a surge in startup activity over the last few years ......

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ADQ-backed Filipino fintech Salmon set to snag fresh equity funding

TMT

22 December, 2023

ADQ-backed Filipino fintech Salmon set to snag fresh equity funding

Fintech Holdings Ltd, a Filipino fintech firm that operates under the Salmon brand and counts Abu Dhabi sovereign wealth fund ......

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Returning LP signs larger cheque for CDH VGC's new Chinese venture growth fund

General

22 December, 2023

Returning LP signs larger cheque for CDH VGC's new Chinese venture growth fund

China-focussed alternative assets management firm, CDH Investments, is in the process of raising a new fund and has secured a ......

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Actis taps Asian investor for climate fund with India mandate

Finance

21 December, 2023

Actis taps Asian investor for climate fund with India mandate

The UK-based private equity firm Actis, which launched a fund in February to invest in climate transition opportunities across Asia, ......

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Alibaba-backed eWTP Arabia Capital gets new LP for $1 bn fund

Finance

20 December, 2023

Alibaba-backed eWTP Arabia Capital gets new LP for $1 bn fund

Beijing and Riyadh-based eWTP Arabia Capital, which is in the process of raising its latest tech innovation vehicle, is set ......

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NB Ventures' Bhatnagar on new fund, tweaked thesis, India's growth potential and more

General

19 December, 2023

NB Ventures' Bhatnagar on new fund, tweaked thesis, India's growth potential and more

Dubai-based NB Ventures, an India-focussed early-stage venture capital investor, is looking to float its latest investment vehicle by early 2024.  The ......

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Jada's streak of LP-style bets continues with investment in tech-based VC fund

TMT

18 December, 2023

Jada's streak of LP-style bets continues with investment in tech-based VC fund

Saudi Arabia’s Public Investment Fund-backed Jada Fund of Funds Company has marked its sixth investment in second half of 2023, ......

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Cargill spinoff Proterra strikes an exit in Africa via secondary PE deal

Infrastructure

13 December, 2023

Cargill spinoff Proterra strikes an exit in Africa via secondary PE deal

Proterra Investment Partners, a US-based private equity firm spun off from agribusiness giant Cargill in 2016, has struck an exit ......

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Exclusive: CardinalStone set for secondary PE buyout in Nigeria

Finance

08 December, 2023

Exclusive: CardinalStone set for secondary PE buyout in Nigeria

CardinalStone Capital Advisers (CCA), a Lagos-based private equity firm that was spun off from multi-asset investment firm CardinalStone Partners in ......