The private equity industry in the Middle East and North Africa (Mena) region is seeing the light at the end of the tunnel. The industry is witnessing improved deal flows and investors are seeing scope for higher valuations, higher regional fund raising and improved allocations by limited partners (LPs) to the region.
According to statistics compiled by Al Masah Capital, a regional private equity firm, the Mena region witnessed increased deal activity in the private equity space this year to date as economic recovery has started gaining pace.
Based on the number of PE deals in November, 30 PE deals have been executed this year to date with an estimated value of $449.2 million (Dh1.65 billion) compared to 27 deals in the whole of 2009.
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