Bahrain Investors - VC, Private Equity and Real Estate

Investcorp, the Bahrain-based provider and manager of alternative investment products, acquired Veritext, a US-based provider of deposition and litigation support services to law firms, Fortune 500 corporations, and regulatory agencies in the United States.

Veritext has its headquarters in New Jersey and operates through its 30 locations across six geographic regions. The company provides technology and services that capture testimony during a deposition which is a critical part of the discovery phase of most civil litigation cases in the United States.

Investcorp is listed in the Middle East Investors Directory with the code OR30.

More details from their release follows

Bahrain-based Islamic investment house Tharawat plans to launch in the third quarter a $50-$60 million private equity fund investing in a Saudi Arabia real estate project - The Emirates Business is reporting.

A strategic investor has pledged $30 million to the fund which will invest in an industrial estate in Riyadh. Tharawat is also looking to set up by the end of this year 2-3 more funds investing in Saudi Arabia's property market

Tharawat was established in July 2008 with a paid-up capital of $33 million. To see more investment firms like Tharawat check our investors directory

The full Emirates Business story follows

Venture Capital Fund, the SME investment fund of Venture Capital Bank Bahrain, has invested in Dar Alwasmi Company, a Bahrain custom furniture manufacturer.

Dar Alwasmi Company provide high quality handmade furniture, such as bedrooms, dining rooms and office furniture. According to the firm, the Woodwork and Furniture Industry in the GCC, in size, rivals most international markets. Studies show that imports of furniture and décor are increasing every year.

Established in the Kingdom of Bahrain in 2005, VCBank operates under an Islamic investment banking licence from the Central Bank of Bahrain and has an authorized capital of $500 million.

To see more investment firms like Venture Capital Bank check our investors directory

More details from their release follows

Mumtalakat, Bahrain's $10 billion sovereign wealth fund, will shift more of its portfolio into global assets and secure a credit rating this year - its chief executive said in an interview with Dow Jones Newswire.

"The bulk of our focus will be on developed countries, but we'll look at developing countries to take advantage of emerging economies," Al Zain said. He also mentioned that in the medium term the fund's portfolio will be allocated equally between global assets and MENA. Internationally, they will look at hedge funds, fixed income and alternative investments - initially focusing on liquid investments and then moving to other asset classes.

To see more investment firms like Mumtalakat Holding check our investors directory

More details from Dow Jones Newswire follows

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Investcorp, the Bahrain-based asset management firm specialising in alternative investments, acquired Deerbrook Marketplace, a 348,542 square foot retail shopping centre in Houston, Texas.

Located in north suburban Houston, Deerbrook is home to US retail chains such as Sports Authority, Best Buy, Bed Bath and Beyond, Marshalls, OfficeMax and Old Navy, as well as food chains such as Red Lobster and TGI Fridays. Investcorp and their investors own over 20 other properties in that area.

Investcorp is listed in the Middle East Investors Directory with the code OR30.

More details from their release follows

Continue reading "Bahrain-based investment firm acquired retail property in Texas" »

Bahrain-based investment firm Arcapita plans to build a fund management business to complement its private equity operations and manage $10 billion worth of funds within three years - the Reuters is reporting.

Arcapita, which had $4 billion in assets as of year end, would launch a $750 million fund focusing on Asian infrastructure. The company also launched a $500 million Gulf property fund together with the investment arm of Saudi Arabia's Al Rajhi Bank in February. Arcapita's funds portfolio would focus on real estate, infrastructure, venture capital and private equity.

Arcapita is listed in the Middle East Investors Directory with the code OR07.

The full Reuters story follows

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Capinnova Investment Bank, the investment banking arm of BBK (Bank of Bahrain and Kuwait), announced a minority investment of $20 million in EBLA Computer Consultancy, an IT consultancy provider in the MENA region.

EBLA currently has subsidiaries in Qatar, UAE, Saudi Arabia, and Egypt and branch offices in Syria, Jordan and Bahrain. Capinnova Private Equity focuses on opportunities of investing in medium-sized companies. It has an authorized capital of $500 million and a paid-up capital of $151 million. The Bank's core areas of business include private equity, asset management and corporate finance.

To see more investment firms like Capinnova Investment Bank check our investors directory

More details from their release follows

Continue reading "Bahrain investors bought $20 million stake in IT consultancy firm" »

Two Gulf-based investment firms have announced their results for past year - and both have posted profit.

Tadhamon Capital, an Islamic investment company based in Bahrain, announced profit of $28.6 million for its first period of operations (15-months). Total revenues amounted to $34 million, including fee income of $30.3 million and profits from proprietary investments of $3.7 million.

Venture Capital Bank, another Islamic investment bank specializing in venture capital investments in MENA region, announced a net profit of $11 million, compared to $47 million the year before. The total income reached $32.4 million, while it was $82 million the year before.

To see more Middle Eastern investment firms like Tadhamon Capital and Venture Capital Bank, check our Private Equity and Venture Capital Directory.

Their full releases follows

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