The specialist $500m private equity fund, based in the Dubai International Financial Centre, has acquired an interest in AICT's container terminals at the Ports of Alexandria and Dekheila, Egypt's leading gateway port, in a strategically important deal.
'We're delighted to have been asked to advise on MENA Infrastructure Fund's first investment. Its strategic investment focus on energy and infrastructure projects in the Middle East and North Africa is a perfect match with our sector expertise in these areas and our extensive network across this region,' says Dubai Corporate partner Neil Nicholson.
MENA Infrastructure Fund is sponsored by DIC Asset Management Limited (a wholly owned subsidiary of Dubai International Capital), HSBC Bank Middle East and Waha Capital.
The fund was advised by teams in Denton Wilde Sapte's Dubai and Cairo offices. Neil Nicholson led the transaction with assistance from Dubai associate Kerri Dewe, whilst the Cairo team was led by Cairo office managing partner Michael Lacey.
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First instruction from leading Middle East infrastructure equity investor MENA Infrastructure Fund
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Denton Wilde Sapte has advised new client MENA Infrastructure Fund on its first investment, acquiring a minority stake in Egypt's Alexandria International Container Terminals SAE (AICT) for an undisclosed sum.
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Posted by Eman HassanSunday, April 20 - 2008 at 12:52 UAE local time (GMT+4)
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