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Middle East Private Equity


 Saudi venture capital firm SAEV invested $50 million in US firms Seeq

Saudi Aramco Energy Ventures, the corporate venture capital arm of Saudi Aramco and a consortium, has acquired stake in Seeq, US-based provider of software and services for industrial data, for $50 million.

Established in 2012 and based in Seattle, Seeq provides software and services that convert industrial data into information and has raised $115 million so far. (SAEV invest globally into start-up and high growth companies and has so far invested publicly in 45 companies. Based out of Dhahran, SAEV also operates through regional offices in North America and Europe)

Saudi Aramco Energy Ventures is listed in the Middle East Investors Directory with the code SINOC23 .




 Arab investors of AGC to invest $322 million in a luxury Greek resort

agc-dubaiAGC Equity Partners, a London-based private equity firm backed by Middle East investors, has announced investment of $322 million in a luxury resort in Greece.

Greece concluded in October the sale of a 90 percent stake in the Astir Palace hotel complex to the AGC fund Jermyn Street Real Estate Fund which represents investors from Turkey, Abu Dhabi, Kuwait and other Arab emirates. (As DubaiBeat reported back in 2012, Middle East investors of AGC consider investments all over the world, at that time investing $175 million in a Russian power producer.)

AGC is listed in the Middle East Investors Directory with the code SINO21.

More details follows from Reuters:




 Two Middle East private equity firms closed funds at over $1 billion capital

NBK GulfCapGulf Capital and NBK Capital, two private equity firms in the Middle East, have announced closing of their latest funds at $750 million and $310 million in capital commitments respectively.

Gulf Capital which is based in United Arab Emirates, has announced the final closing of its third private equity fund, GC Equity Partners Fund III (Fund III), at $750 million. NBK Capital which is based in Kuwait has closed its latest private equity fund, NBK Capital Equity Partners Fund II, with $310 million in capital commitments.

Gulf Capital and NBK Capital are listed in the Middle East Investors Directory with the code OR26 and OR41 respectively.

More details follows:




 Middle East private equity firm Ritz Banc has big plans for US real estate in DC

rbg-full.jpgRitz Banc Group, a private equity firm based in Washington DC and backed by Middle East investors, has acquired a two-building office portfolio in Washington DC and is on the hunt for other deals in the region - The Washington Business Journal is reporting.

Ritz Banc Group is co-founded by Nasr El Hage Jr and is backed by investors from family offices in Saudi Arabia, Qatar and Lebanon. (The sale price is not disclosed but an affiliate of the firm seems to be listed in public records as buyer of one of the buildings for $18.3 million a couple of days ago).

To see listing and contact emails of investors and family offices from the Middle East, check our 2014 edition of Middle East Investors Directory

More details in The Washington Business Journal here




 Middle East private equity firm Foursan invested in 3 new firms

foursan-2014.jpgFoursan Group, a Middle Eastern private equity firm, has invested in three new firms, Shamsuna Power, Nafith Logistics and the National Bank of Iraq.

With these investments, Foursan's portfolio includes six companies operating throughout the MENA region across diversified sectors including financial services; food manufacturing and processing; hospitality and restaurants; logistics; and renewable energy.

Foursan Group is listed in the Middle East Investors Directory with the code OR24.

More details follows




 Middle East investor eye National Basketball Association franchises

nba-middleeast-investor.jpgAn unnamed Middle East investor has approached NBA commissioner last month to buy one of four NBA franchises - Financial Times is reporting.

No deal has been reached so far, but the NBA commissioner David Stern says the takeover of some of the 30 NBA franchises by overseas investors is inevitable. (It is estimated that LA Lakers and the New York Knicks are worth more than $1 billion, and the NBA is expected to generate $5.5 billion in revenues this season.)

To see listing and contact emails of investors from the Middle East, check our Middle East Investors Directory

More details from Financial Times here.




 Middle East investors buying farmland in Canada, US and Mexico

farmland.jpgThe issue of food security is bringing many Middle East investors to Canada, US and Mexico to buy farmland.

In an interesting article The Western Producer, an Alberta publication, is reporting the flow of Middle East investors to Alberta, Canada for farmland. Buyers are being advised to work with large Canadian farmers with knowledge of Canadian farming rather than buying large tracts of land and farming it with non-Canadian help.
 The buyers are looking at land in Canada, the United States and Mexico - the publication is reporting.

To see listing and contact emails of investors from the Middle East, check our Middle East Investors Directory

More details follows from The Western Producer




 Middle East investors backing a new Hungarian airline

arab-investors-hungary.jpgWe love the international appetite of investors from the Middle East: after the collapse of former carrier of Hungary, Malev in 2012, now a new airline called Solyom is being formed with the help of two major investment firms from Oman and UAE.

The company mentions it all started "when an e-mail was sent to a potential investor on February 6, 2012". Now Solyom mentions "a tourism enterprise registered in Oman" and "a well-capitalized investor with extensive international relations registered in Dubai" as its two strategic investors. It is planning to fly to 31 destinations in 2013, 51 destinations in 2014, and 96 destinations by 2017.

To see listing and contact emails of investment firms from the Middle East check our Middle East Investors Directory.

More details follows:



More from Middle East Private Equity ...


  Middle East private equity firm Investcorp acquires UK crisp maker for $152 million

  MENA Infrastructure Fund acquired 20% of Sohar Power Company

  Saudi private equity firm invested $45 million in 10 global companies

  Bahrain's Investcorp acquires Scandinavia's luxury retailer for $140 million

  MENA Private Equity Confidence Survey - Report

  Middle East investors invested $175 million in a Russian power producer

  Britain to raise capital from Middle East investors

  Bahrain Middle East Bank and partners to launch a $50 million China fund

  Boeing calls on Middle East investors to fund deals

  Middle East private equity funds seek strategic buyers - Reuters

  The next five years of MENA private equity - Report

  Abraaj Capital acquires $161 million Amundi's private equity platform

  Gulf Finance House subsidiary acquired Turkish bank for $75 million

  Abu Dhabi Capital Management closed its private equity fund at $45 million

  Qatar investment firm arranges $25 million of private equity for Indian company through the Carlyle Group

  Bahrain firm sold BWA to Philadelphia investors for $300 million

  n3xtmarket.com launched - Advisory for MENA investors on purchase of secondary market shares

  Abu Dhabi's Invest AD and Japan's SBI Holdings to invest $100 million in Turkish private equity




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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.


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