Middle East and Africa-focused private equity firm Citadel Capital SAE has received formal Board approval for a new ten-year, USD150 million (EGP900 million) financing facility from the United States Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution. Of the total amount, USD125 million is specifically designated for

Zoomingo has secured USD1.3 million in financing from two leading early-stage venture capital firms — Naya Ventures and Benaroya Capital — as well as several prominent angel investors. Zoomingo is a new mobile "shopping discovery" app that provides consumers instant access to thousands of sale items on fashion, beauty, and

Summit Materials has recently acquired Industrial Asphalt, Inc, Asphalt Paving Company of Austin, Inc and Ramming Paving Company, Ltd in Austin, Texas. Industrial Asphalt, Inc. led by Jill Shackelford, is based in South Austin and operates a quarry and two asphalt plants. Asphalt Paving, led by Joseph Jackson is also

Vista Equity Partners has completed its acquisition of the Sage Healthcare Division from The Sage Group plc in an agreement that was announced on 22 September, 2011. The new company will be called Vitera Healthcare Solutions (Vitera), which will continue serving the ambulatory market with its current line of electronic

HIG Capital has sold portfolio company Securus Technologies to Castle Harlan, a private equity firm based in New York, NY. Securus, based in Dallas, TX, was formed by HIG in September 2004 through the merger of Evercom Systems and T-Netix. Today, the company is one of the largest providers of

HIG Capital and Charlesbank Capital Partners have sold their interest in Vision Source, a division of TLC Vision to an investor consortium led by Brazos Private Equity Partners. HIG Capital and Charlesbank Capital Partners acquired their stake in Vision Source in May 2010 when they purchased TLC Vision, a Minneapolis

WhaleShark Media has received USD150 million funding from JP Morgan Asset Management and Institutional Venture Partners (IVP) bringing the company’s total funding from investors to nearly USD300 million. The capital will be used to support the company’s rapid organic growth through key strategic technology and personnel enhancements within the organisation and

LGV Capital has successfully completed the management buy-out of ABI (UK) Group Limited (ABI), a manufacturer of caravan holiday homes focusing on the UK holiday parks market. The business is based in Beverley, Yorkshire and employs approximately 300 people. LGV has backed the existing management team led by Chief Executive,

Devglass Group, an independent manufacturer and distributor of insulating glass, has refinanced its bank debt and repaid EUR35 million of senior and junior mezzanine bonds held by European Capital. European Capital will continue to hold 40% of the equity alongside Olivier Rambeau, CEO and majority shareholder of the Devglass Group.