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FINANCIAL NEWS
Mena PE transactions reach 244 record high in 2016
16 Jun 2017
(MENAFN) The number of disclosed private equity transactions in the MENA region reached 244 last year, posting the highest since 2008.
However, the value of disclosed investments fell by 25 percent to reach USD1.1bn; a reflection of the more challenging investment environment and transactions involved Careem.
In addition, the UAE headquartered local provider of transportation solutions, raised USD350mn last year.
Accordingly, last year marked divergence between trends in private equity and venture capital than has been seen in previous years.
MENAFN1606201700450000ID1095562602
MENAFN1606201700450000ID1095562602
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