UAE. Middle East private equity investors are increasingly seeking opportunities in defensive sectors, according to Deloitte. Education, healthcare, oil and gas services and basic consumer necessities are also amongst the top most sought-after industries in PE in the GCC.
INTERNATIONAL. New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around US$1,098 billion by 2020, from a 2008 total of US$293 billion.
UAE. Egis acquires 51% of Projacs, the leading project and construction management firm in the Middle East. This transaction represents a new stepping stone for the development of both Egis and Projacs.