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Middle East & North Africa

Industry News

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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DPI Acquires Majority Stake in CMGP for US$100 Million; Amethis Exits (MENA)

Africa-focused private equity fund manager Development Partners International (DPI) has acquired a majority stake in Morocco-based irrigation systems company Compagnie Marocaine de Goutte à goutte et de Pompage (CMGP) for

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Helios Acquires 76 Percent Stake in TPAY Mobile from A15 (MENA)

Africa-focused private investment firm Helios Investment Partners has acquired a 76 percent stake in U.A.E.-based payments company TPAY Mobile from A15, a MENA- and Europe-focused technology investment firm. TPAY provides

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