Home » Egypt Investors »

|| Egyptian holding Acquires 35% of Italian clothing firm for $35 million

Arafa Holding ItalyAl Arafa for Investment and Consultancies, an Egyptian holding company, acquired a 35% stake in Italian clothing firm, Forall Confezioni, for $35 million.

Arafa Group has also obtained a five-year call option for the remaining 65% of Forall Group; this option will allow Arafa to fully consolidate Forall’s financial results immediately.

(Forall Group was established in Vicenza, Italy, in 1970 and reported total revenues of $184 million with an EBITDA of $14 million for the year ending December 2007. The group is the owner of brands including “PAL ZILERI” and “LAB”, among others. A global menswear brand, PAL ZILERI is distributed in 76 countries from Europe, the United States and Japan to China, India, and the GCC.)

Previous Post: Carlyle Raises MENA and Dubai Private Equity Fund at $500 million
Next Post: DUBAL investing in Brazil: buying 19% of Vale's refinery

More from Egypt Investors ...

  Arab investment firm EFG Hermes invested $208 million in French wind energy firm (October 2014)

  Link Online acquires web portal Arabia.com (October 2012)

  Egypt's Weather II Investments acquired stake in Canada gold miner for $493 million (July 2012)

  Egyptian VC firm Ideavelopers invests in group buying website (October 2011)

  Egyptian VC Sawari Ventures invests in two companies (January 2011)

  EFG Hermes launched $300 million Syrian private equity fund (March 2010)

  Citadel Capital acquired 49% stake in Sheltam Railways Company (March 2010)

  PepsiCo Joint Venture Acquires Egyptian Dairy and Juice Company (January 2010)

  Egypt's Beltone and Pioneers to form the largest Middle East investment bank (December 2009)

  Egypt investors acquired stake in UK gold miner company for $3.1 million (October 2009)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2020 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter