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 UAE investment firm Lulu acquired London's Scotland Yard headquarters for $170 million

lulu-london.jpgLuLu Group, a UAE-based conglomerate active in retail, manufacturing and trade, has acquired the original Scotland Yard headquarters in London for $170 million.

According to the Guardian, the original Scotland Yard police station is to be turned into a new five-star luxury London hotel with rooms costing up to £10,000 a night. LuLu Group International is a diversified entity, with interests in retail, imports & exports, trading, shipping, IT, travel and education.

To see listing and contact emails of UAE investors similar to Lulu Group, check the Middle East Investors Directory.

More details follows from the Guardian here.

July 28, 2015  | Filed under UAE Investors

 Qatar investor acquired 10% stake in Spanish retail firm for $1.1 billion

qatar-spain.jpgQatar investor, Sheikh Hamad Bin Jassim Bin Jaber Al Thani, has acquired a 10 percent stake in Spanish retail firm El Corte Ingles for $1.1 billion.

El Corte Ingles had a turnover of some 14 billion euros in 2013 for a net profit of 174 million euros. The food, clothing and household goods retailer, which is not listed, has about 90 stores in Spain and employs 95,000 people.

To see a list of investor from the Middle East, see the Directory of Venture Capital and Private Equity from the Middle East.

More details follows from AP

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 A consortium of Middle East investors acquired stake in Canadian food firm

Trussbridge CanadaDubai investment firm Trussbridge led a consortium of Middle East investors to acquire a majority stake in Canadian food firm La Maison Cannelle.

Headquartered in Quebec, Canada, La Maison Cannelle was founded in 2005 and is a provider of 80 different types of Gluten-Free products in Canada. The transaction amount is not disclosed. (Dubai-based Trussbridge is founded by Samer Katerji and Rody Yared, two former investment bankers from JPMorgan Chase and Citigroup, to advise and invest in deals across the world).

Trussbridge is listed in the Middle East Investors Directory with the code SJU219.

More details follows:

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 Dubai venture capital firm Wamda launched $75 million fund and invested in 3 firms

wamda-capital.jpgAlmost four months after raising $55.7 million from 26 limited partners, today Dubai-based Wamda Capital announced launch of its $75 million venture capital fund and investment in 3 firms.

Founded by Fadi Ghandour, angel investor and founder of Aramex, the venture capital fund will focus on growth stage financing across the world. (The other fund headed by Mr. Ghandour, Mena Venture Investments, had its focus on seed investments). Among the 26 limited partners, you can see institutions like International Finance Corporation, the Abraaj Group, Crescent Enterprises and Zain Group. Wamda Capital announced its first three investments in the following firms: News Group International, Jamalon and New York based Little Bits Electronics.

Mena Venture Investments is listed in the Middle East Investors Directory with the code SINX1.

Read more details on Wamda here.


 UAE family offices and consortium invested $11 million in online logistics firm

zamil-fetchr.jpgMiddle East family offices Al Kadi and Al Zamil, UAE investment firm Dhabi Holding and Dubai investment firm Delta Partners, as part of a consortium invested $11 million in the online logistics firm The Fetchr.

This series A funding is led by US venture capital firm New Enterprise Associates. The Fetchr's app is tailored for package delivery in places and countries where there are unreliable physical addresses. Fetchr delivers 97 percent of packages same day or overnight, and a return process that picks up within 30 minutes.

Al Zamil Family Office is listed in the Middle East Investors Directory with the code BFD34.

More details follows

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 Qatar investment firm Jaidah acquired Venice's Hotel For $117 million

starwood-qatar.jpgA wholly owned subsidiary of Qatar conglomerate Jaidah Holdings has acquired The Gritti Palace hotel in Venice for $117 million.

The seller is Starwood Hotels & Resorts Worldwide and will continue to manage the property under what it said was a new long-term management agreement. The buyer, Nozul Hotels & Resorts, is the owner of W Doha Hotel.

Jaidah Holdings is listed in the Middle East Investors Directory with the code SMA88.

More details follows

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 Abu Dhabi investment firm acquired stake at three Hong Kong hotels for $2.4 billion

ADIA-NWD.jpgAbu Dhabi Investment Authority (ADIA) has agreed to buy three Hong Kong hotels from a group led by New World Development Co in a $2.4 billion deal.

This is the sovereign wealth fund's biggest Asian property investment. Under the deal, a unit of New World will hold 50 percent of the venture, with Abu Dhabi Investment owning the rest. The hotels include the Grand Hyatt in Hong Kong, Renaissance Harbour View and Hyatt Regency Hong Kong hotel.

Abu Dhabi Investment Authority (ADIA) is listed in the Middle East Investors Directory with the code BD43.

More details follows from Reuters

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 Dubai venture capital firm MVI acquired stake in London startup Bidvine

mena-london.jpgDubai venture capital firm Mena Venture Investments, in a joint investment with two Dubai angel investors, has acquired stake at London's startup Bidvine.

Bidvine, a platform, currently operating in London linking service providers and customers, is launched by Dan Stuart in Canada and Sohrab Jahanbani in the UK. (They were also the founders of GoNabit, which was sold to US firm LivingSocial). Dubai angel investors who are co-investing are Habib Haddad from Wamda Capital and Amir Farha from BECO capital.

Mena Venture Investments is listed in the Middle East Investors Directory with the code SINX1.

Read more details on Wamda here.




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