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PE firm Turkven acquires cloud services provider in third bet of 2024

TMT

07 November, 2024

PE firm Turkven acquires cloud services provider in third bet of 2024

Turkven, a Turkish private equity firm that backs mid-sized companies and manages assets worth over $2 billion, has acquired a ......

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Ruya Partners aims final close of $250 mn private credit fund by December-end

Finance

05 November, 2024

Ruya Partners aims final close of $250 mn private credit fund by December-end

Ruya Partners, the Gulf region’s first partner-owned private credit firm, is eyeing a final close of its $250-million target fund ......

Saudi PIF to be anchor investor in Brookfield's $2 bn Middle East fund

Finance

30 October, 2024

Saudi PIF to be anchor investor in Brookfield's $2 bn Middle East fund

Saudi Arabia's Public Investment Fund (PIF) will be an anchor investor in Brookfield Asset Management's new $2 billion Middle East-focused private fund, ......

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Artal Capital CEO on key sectors for maiden PE fund, deals, Saudi IPO market, and more

Finance

30 October, 2024

Artal Capital CEO on key sectors for maiden PE fund, deals, Saudi IPO market, and more

Riyadh-based multi-asset investment firm Artal Capital, which manages assets worth $600 million, is eyeing deals in tech-based companies in six ......

Saudi Arabian wealth fund PIF to cut overseas investments

Finance

30 October, 2024

Saudi Arabian wealth fund PIF to cut overseas investments

Saudi Arabia's sovereign wealth fund plans to cut its overseas investments by about a third, its governor told a conference ......

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Gulf Islamic Investments raises additional capital to strike deals in GCC region

Finance

29 October, 2024

Gulf Islamic Investments raises additional capital to strike deals in GCC region

UAE-based Gulf Islamic Investments (GII), which manages assets under management of over $4.5 billion across private equity, venture capital and real ......

Abu Dhabi's CYVN Holdings inks non-binding deal to buy McLaren's automotive business

Manufacturing

29 October, 2024

Abu Dhabi's CYVN Holdings inks non-binding deal to buy McLaren's automotive business

Abu Dhabi-based investment vehicle CYVN Holdings has entered a non-binding agreement to buy 100% of carmaker McLaren's automotive business from ......

Mubadala ties up with Temasek unit Seviora for co-investments

Finance

29 October, 2024

Mubadala ties up with Temasek unit Seviora for co-investments

Mubadala Investment Company's Mubadala Capital and Seviora Holdings, a unit of Singapore state investor Temasek, are forming a partnership to ......

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DPI strikes ninth bet from one of largest PE funds of Africa

Finance

29 October, 2024

DPI strikes ninth bet from one of largest PE funds of Africa

Africa-focused private equity firm Development Partners International (DPI), which manages assets and co-investments worth over $3 billion across three investment ......

Middle Eastern consumer chain Lulu Retail seeks to raise $1.4 bn via IPO

Consumer

28 October, 2024

Middle Eastern consumer chain Lulu Retail seeks to raise $1.4 bn via IPO

Lulu Retail Holdings, which runs one of the Middle East's biggest hypermarket chains, said on Monday it aims to raise ......