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Industry News

General Atlantic Invests in Property Finder and QuintoAndar (Latin America, Middle East)

U.A.E.-based real estate classifieds portal Property Finder has raised US$120 million in an investment round led by global growth equity fund manager General Atlantic. Existing shareholder Vostok New Ventures also

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Gulf Capital to Sell DOTW for US$173 Million (MENA)

Australia-based online travel site Webjet has agreed to acquire Dubai-based business-to-business (B2B) accommodation wholesaler Destinations of the World (DOTW) from Middle East- and Africa-focused alternative investment firm Gulf Capital, as

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AfricInvest Reaches Second Close for Maghreb Private Equity IV (MENA)

Pan-African private equity fund manager AfricInvest has held a second close for Maghreb Private Equity IV with EUR172 million (approximately US$199 million) in capital commitments. New investors in the fund

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B Investments Acquires 53 Percent Stake in Gourmet Group for US$7 Million (MENA)

B Investments, an Egypt-listed investment platform affiliated with private equity firm BPE Partners, has invested EGP125 million (approximately US$7 million) for a 53 percent stake in Gourmet Group, an Egypt-based

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