Citadel Capital, a private equity firm in the Middle East and Africa, made a strong case for Africa’s growth potential at the 20th World Economic Forum on Africa held in Dar El-Salam, Tanzania, on 5-7 May 2010. Based in Cairo and controlling investments of USD8.3bn in 15 industries spanning 14

Fortress Investment Group made a GAAP net loss of USD261m during the first quarter of 2010 compared to a loss of USD287m for the first quarter of 2009. The GAAP net loss attributable to class A shareholders was USD84m, or USD0.58 loss per diluted share, as compared to a loss

After 18 months of pervasive gloom dealmakers are increasingly more positive about the mergers and acquisitions environment, according to the twice yearly ACG-Thomson Reuters DealMakers Survey. While the last three surveys were consistently dreary, with more than 80 per cent of dealmakers reporting a fair to poor M&A environment, the

Hercules Technology Growth Capital, a finance company providing venture debt and equity to venture capital and private equity-backed technology and life science companies, has committed USD33.0m in structured debt financing to three new portfolio companies. Hercules has committed USD15.0m to California-based Alexza Pharmaceuticals, a pharmaceutical company with novel drug delivery

Albion Ventures has made a GBP6.4m investment to fund the creation of a 62 bed hospital offering long-term care to NHS patients in the Somerset area. The investment follows research from Albion Ventures that identified an area of under provision in this type of care and in particular in the

Greenway University, a US-based medical marijuana organisation, has received USD1m in venture capital from Trilogy Partners and USD1m from an angel investor. Greenway University offers compliance driven medical marijuana business administration educational services in California, Colorado and New Jersey. It covers nearly every aspect of the business ranging from genetic

J.P. Morgan has been appointed by IFC Asset Management, a wholly owned subsidiary of IFC, a member of the World Bank Group, to provide outsourced private equity accounting and fund administration services. IFC Asset Management was established in 2009 to manage private equity funds comprising third-party capital. The establishment of

Polaris Private Equity, a lower mid-market firm active in Denmark and Sweden, has sold Frösunda to the British private equity group HgCapital. Frösunda is a healthcare services company active in personal assistance, assisted living and daily activities for the functionally impaired.                                  Frösunda was acquired by Polaris in 2007 and

Private equity firm Advent International has sold Poundland, Europe’s largest single price discount retailer, to private equity firm Warburg Pincus. The value of the transaction was undisclosed. Founded in 1990, Poundland is a general merchandise retailer which offers branded and own-label products across a broad range of categories, including health