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 Dubai deVere Group acquires private bank in the Caribbean

dubai devereDeVere group, a Dubai-based investment advisory firm, has acquired St Lucia-based private bank, Arton.

"We were able to acquire the St Lucia banking licence of Arton Bank and this, in turn, now enables us to offer a range of international private banking services directly to our global client base who seek an efficient, internationally focused service," Nigel Green, the chief executive of deVere has told the UAE paper The National.

To see a list of investors from Dubai similar to deVere group, check the Middle East Investors Directory.

More details follows:

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 Dubai investment firm acquired California shopping center Poinsettia Plaza

almal californiaAl Mal Capital, a Dubai-based investment firm, has acquired Poinsettia Plaza, a 153,000 square feet shopping center located in Ventura, California.

This is the second investment for Al Mal Capital in the US. The first was in a residential complex in Louisiana comprising 290 apartments, which the company exited in 2015 for an IRR of 16%.

Al Mal Capital is listed in the Middle East Investors Directory with the code BFD21.

More details follows:

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 UAE, Saudi and Qatar investors acquired $105 million stake in US private jet firm

kbbo-us.jpgA consortium of investors including UAE and Saudi investors have acquired a $105 million stake in US private jet firm Jet Smarter.

UAE investment firm KBBO Group, Qatar investment firm Challenger Universal, and Saudi royal family are among the investors in this $105 million funding round. JetSmarter is a mobile marketplace that connects travelers to private jets from their smartphones.

KBBO Group is listed in the Middle East Investors Directory with the code SINOC16.

More details follows from Bloomberg

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 Dubai investors of Delta Partners led investment of $20 million in Knowlarity

delta KnowlarityDelta Partners, a Dubai-based investment firm, has led investment of $20 million in Asia’s cloud telephony company Knowlarity.

Founded in 2009 and based in Singapore with more than 300 employees and 8 offices in India, South East Asia and Middle East, Knowlarity is a provider of cloud based communications solutions to businesses in the emerging markets. Among its customers are Google, Amazon, Uber, Practo, Ola and Zomato. (Delta Partners Capital, based in Dubai, is the investment arm of Delta Partners Group, an emerging markets-focused telecoms, media, and digital advisory and investment firm with over 200 employees operating from Barcelona, Bogota, Dubai, Johannesburg, Singapore and Palo Alto.)

Delta Partners is listed in the Middle East Investors Directory with the code ORP8.

More details follows:

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 Dubai angel investor acquired $1 million stake in Indian firm HealthifyMe

dubai angel investor indiaDubai-based angel investor Neelesh Bhatnagar has invested $1 million in mobile health and fitness start-up HealthifyMe.

Founded in 2012, HealthifyMe is a fitness mobile application that uses technology and human services to target weight-loss. It had earlier raised $6 million from IDG, Inventus and Blume Ventures. (Neelesh Bhatnagar is a Dubai-based angel investor, managing director of NB Ventures, owner of the UAE Royals International Premier Tennis League, a former board member of Landmark Group and former CEO of Emax Electronics).

To see a list of angel investors from Dubai similar to Neelesh Bhatnagar, check the Middle East Investors Directory.

More details follows

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 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:

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 Bahrain investors acquired stake in Spanish firm Agromillora

mideast-investor-spain.jpgBahrain investment firm Investcorp has acquired stake in Agromillora Group, a Spanish agriculture firm.

Founded in 1986 in Barcelona, Agromillora has 11 production facilities in nine countries, and employs over 1,200 employees worldwide. In 2016 the company plans to produce and sell more than 65 million plants worldwide. (The companies have not disclosed the deal details, but DubaiBeat sources are suggesting that Investcorp acquisition values Agromillora at around $275 million).

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

More details follows:

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 Dubai investors of Enspire acquired stake in Swedish firm Plantagon

sweden dubaiDubai investment firm Enspire Group acquired stake in Swedish firm Plantagon Agritechture.

Plantagon International is an "agri-techture" firm, combining urban agriculture, technical solutions and architecture, to meet the demand for efficient food production within cities. Enspire is founded by Soud Ba'alawy who has over 20 years of experience in banking and investments and was most recently the Executive Chairman of Dubai Group. (Earlier, Mr. Ba’alawy was Vice President of Citibank’s Gulf Treasury in Dubai, CIO of Dubai Internet City and Vice President of The Executive Office - of H.H. Sheikh Mohamed bin Rashid al-Maktoum, Vice President of the UAE and the Ruler of Dubai).

Enspire Group is listed in the Middle East Investors Directory with the code SNO14.

More details follows:

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