Posts Tagged “Ahmed Heikal”

SuperReturn Africa 2010 - A full news roundup

December 6, 2020

SuperReturn Africa 2010 drew to a close last week and we would like to thank all the delegates, speakers and sponsors for making the conference a very successful and hugely enjoyable event.

In addition to the coverage of the event, we’ve gathered the leading articles and commentary from business news websites to give you a comprehensive review of big industry issues tackled this year.

A Twitter roundup

@SuperReturn: Badreldin: 300-400 HNWI & families been “doing the tour” investing Asia/Latam. #MENA must capitalize group’s next investing spree. #sraf10

@SuperReturnKate: Room absolutely full at SuperReturn Africa for Egypt Summit. Clearly a great deal of interest in the country

@SuperReturnKate: Egypt; there is something in it for everyone says Mark Rorison of CI Capital at SuperReturn Africa, Cairo

@SuperReturnKate: Many investors planning on investing in Egypt in next 2 years. Show of hands at SuperReturn Africa Egypt Summit #SRAF10

@DailyNewsEgypt: SuperReturn Africa highlights investment opportunities in Egypt

@SuperReturn: Our key markets in the region are Turkey, Egypt and Saudi; Hassan El-Khatib of The Carlyle Group speaking at SuperReturn Africa #sraf10

@SuperReturn: Mansour Kelada Antoun of Vantage Capital compares Egypt and S. Africa at SuperReturn Africa. What parallels are there for investment #sraf10

@SuperReturnKate: Asian investors looking at Egypt as a route into Africa from Egyptian platform. Karim Helal speaking at SuperReturn Africa #sraf10

@AhramEgyptDaily: Private equity competition rife in region:Speaking @ #SuperReturn #Africa — a private equity & venture ca #Egypt

@SuperReturnKate: SuperReturn africa kicks off with 200 delegates from Africa, Europe, Asia, Middle East and US #sraf10

@Cairo_News: Citadel Capital hosts inaugural SuperReturn Africa conference in Cairo

@SuperReturn: Journalists report on traffic accidents and not traffic says Richard Dowden, Africa Society at SuperReturn Africa #sraf10

@SuperReturnKate: Citadel Capital creating transport corridor between Cairo and Mombasa detailed by Ahmed Heikel. Fascinating project - wish them well #sraf10

@SuperReturnKate: What changed Africa? Number one was China. Economically very good for Africa, says Richard Dowden #sraf10

@SuperReturn: Chinese can take the heat. Africa is no problem for them according to Richard Dowden #sraf10

@SuperReturnKate: Number 2 agent for change the mobile phone says Richard Dowden #sraf10

@SuperReturnKate: If you don’t get in now you will regret it says Richard Dowden at SuperReturn Africa #sraf10

@SuperReturn: Ecobank is a bet on Africa says Arnold Ekpe at SuperReturn Africa #sraf10

@SuperReturnKate: Citadel Capital drinks reception at SuperReturn absolutely beautiful on roof of hotel overlooking Nile. After parties also rocking #sraf10

@SuperReturnKate: Bob Geldof to speak today at SuperReturn Africa - we are all excited and star struck #sraf10

@SuperReturn: Financial crisis less severe in South Africa than US Europe says Colin Rezek of Vantage Capital at SuperReturn Africa #sraf10

@SuperReturn: There are several funds of funds here at this conference which is a good sign says Barbara Brereton, OPIC at SuperReturn Africa #sraf10

@SuperReturnKate: Sarah Yang of China Development Bank now speaking at SuperReturn Africa in Cairo #sraf10

@SuperReturn: We need your help in finding projects says Sarah Yang of China Development Bank speaking at SuperReturn Africa #sraf10

@SuperReturn: It is a myth that we are not getting good returns from developed market private equity says Janusz Heath of Capital Dynamics #sraf10

@SuperReturnKate: It is pressure from our investors that is making us invest in Africa. They are asking us about it says Pat Dinneen Siguler Guff #sraf10

@SuperReturnKate: International LP panel say they are here to gather information. Definitely come to the right place SuperReturn Africa #sraf10

@SuperReturn: Shopping malls are really good for development; Jean Marc Savi de Tove CDC Group speaking at SuperReturn Africa #sraf10

@SuperReturnKate: Sir Bob Geldof giving an inspirational speech at SuperReturn Africa #sraf10

@SuperReturnKate: Makes conference attendees realise that what they are doing is phenomenally important #sraf10

@SuperReturn: SuperReturn Africa wraps up 3 days of truly inspirational discussion. If you are not in Africa yet, you should be. We are! #sraf10

@SuperReturnKate: Off with conference team for night out in Cairo. Delegates have been very helpful with top tips of places to go. #sraf10

@SuperReturnKate: Fog in Cairo has been pretty bad the last couple of days. Hope we make it out. What about snow in Heathrow? Yikes! #sraf10

@SuperReturnKate: May be here longer than anticipated. Time for a camel ride methinks? #sraf10

Press Coverage

Citadel Capital - Citadel Capital Hosts the Inaugural SuperReturn Africa — A Landmark Event on the Continent’s Private Investment Outlook

Citadel Capital (CCAP.CA on the Egyptian Stock Exchange), the leading private equity firm in the Middle East and Africa, is lead sponsor of the inaugural SuperReturn Africa conference in Cairo this week. The three day event taking place from 29 November to 1st December 2010 at the Fairmont Nile City is a response to rapidly rising global interest in investment opportunities driven by robust long-term growth expectations for the continent.

“It is imperative that investors look beyond past perceptions to realize that today’s economic reality is fundamentally different than any in memory. The world economy is witnessing a fundamental structural shift toward the developing world,” said Ahmed Heikal, Chairman and Founder of Citadel Capital, in opening remarks. (More here).

The Daily News Egypt - SuperReturn Africa: Private equity conference debuts in Egypt

CAIRO: Expectations are high for the first SuperReturn Africa conference, which kicks off Nov. 29 and goes through Dec. 1 in Cairo. The three-day event, to be held at the Fairmont Nile City hotel, will begin with opening remarks by the chairman of private equity firm Citadel Capital and will focus on state of play and potential for private equity and venture capital.

Representatives from Citadel Capital, CI Capital, the African Development Bank, the International Finance Corporation and many more will be on hand to offer industry insight. (More here).

The Daily News Egypt- SuperReturn Africa highlights investment opportunities in Egypt

CAIRO: “Private equity opportunities are tremendous,” Abdalla ElEbiary, Citadel Capital managing director, said at the SuperReturn African 2010 conference. The three-day private equity and venture capital conference, which opened Monday, is taking place in Africa for the first time.

ElEbiary noted that the Egyptian government has been diminishing its role in providing goods, while demand for them as well as services has been expanding due to a burgeoning population, which is maturing as a consumer, as well. (More here).

Middle East Newswire - SuperReturn Africa 2010 Conference Emphasizes Egyptian Investment Opportunities

On Monday, the three-day private equity and venture capital conference opened Monday, for its first time in Africa. Abdalla ElEbiary, Citadel Capital managing director, said that “Private equity opportunities are tremendous” in Egypt.

Ahmed Badreldin, executive director of Abraaj Capital, said that his company is investing in the healthcare industry.  Abraaj already owns a 50 percent share in a Turkish hospital group. (More here).

The Daily News Egypt - CI Capital’s Karim Helal on emerging markets’ private equity allure

‘…Helal’s firm, amongst others, is sponsoring the upcoming SuperReturn Africa conference, a private equity and venture capital focused event, from Nov. 29 to Dec. 1 in Cairo. The organizers, Helal said, wanted an Africa-focused conference because the continent is considered the “last consumer frontier.”

Seeking to capitalize on an opportunity, Helal helped lure the conference to Egypt rather than Johannesburg, South Africa as was initially intended, noting that via his connections to the event’s organizers, he was able to persuade them of Egypt’s key significance to the rest of the continent’s economy. (More here).

The Daily News Egypt - Private equity competition rife in the region

The private equity market is growing too fast, there is only so much ‘sand in the box,’ and there is more competition than before in the market,” Karim Sadek, managing director of Citadel Capital, said Tuesday.

Speaking at the SuperReturn Africa — a private equity and venture capital conference taking place for the first time in Egypt — Sadek added that “it will take time for people to get used to investing” on the continent. (More here).

Post Under: General

SuperReturn Middle East 2010 - full news round up.

October 21, 2020

As SuperReturn Middle East closes in Abu Dhabi for another year, we would like to thank all the delegates, speakers and sponsors for making the conference a very sucessful and hugely enjoyable event.

In addition to the coverage of the event,  we’ve gathered the leading articles and commentary from the business news websites to give you a comprehensive review of big industry issues tackled this year.

We have captured a series of video interviews with some of the industry leaders including Karim El-Solh, Dr Ahmed Heikal, Daniel Mudd and Steve Pagliuca which will be posted on this site over the coming weeks.   To make sure you don’t miss out, either add the RSS feed to your reader or sign up for email alerts.

A Twitter round up:

@SuperReturnKate Thomas McHale of American Capital wins the SuperReturn Middle East QuickFire showcase #srme10

@AymanHAK Interesting discussion at SuperReturns on move away from blind pool funds&to co-investment models. Days of high management fees gone #SRME10

@hbgholdings Michael Toxvaerd of HBG Holdings joins SME private equity panel on Day 1 of SuperReturn Middle East in Abu Dhabi #hbgholdings

@SRAntonia Lord Charles Falconer gives his perspective on what govts need to do now #srme10

@SuperReturnKate David Rubenstein mentions booming private equity conferences. I must say I agree with the great man. Biased? Moi? #srme10

@SuperReturnKate The shift in economic balance is perhaps irreversible. Karim Helal, CI on silk route as lifeline of global trade at SuperReturn ME #srme10

@SuperReturn PE funding levels won’t peak again until about 2014 so say industry elite #srme10

@SuperReturn AymanHAK 16% said distressed strategies and 15% venture capital #srme10

@SuperReturn David Rubenstein Carlyle Group shares top 10 leading global trends #srme10

@SuperReturn Samir A Samaan Invest AD remains bullish about the industry in MENA #srme10

@SuperReturn “Fund are diversifying by geography and type; it will make them stronger” Steve Pagliuca on PE’s contribution to new global economy #srme10

@SuperReturn Josh Lerner “not small is beautiful but focus is beautiful” for MENA PE investors #srme10

@SuperReturn Global PE titans get back to basics #srme10

@SuperReturn Jon Moulton Better Capital gets things started on day 2 of SuperReturn Middle East #srme10

@SRAntonia Iraq is open for business as next hot market. Breaking news at #srme10 2:26 PM Oct 18th via Twitter for BlackBerry® Retweeted by SuperReturn

@SuperReturn Richard Portes “we wont return to normal, we don’t know what it is anymore.” #srme10

@SuperReturn Global imbalances dangerous? search for yield overwhelms financial intermediation systems - major cause of the crisis. #srme10

@SuperReturn Richard Portes “we avoided the great depression & executed the great escape” #srme10

@SuperReturn but there is some long term damage #srme10

@SuperReturn Need to differentiate the information question into data and insight. Data is so difficult the insight question get puts aside. #srme10

@SuperReturn Why is it so hard for the GP/ LPs to agree on the single format for communication and metrics to view the portfolio? #srme10

@SuperReturn DD and fund raising never stops… keep your GP/LP relationship for the next fund raising by developing trust/ transparency. #srme10

@SuperReturn Need segmentation not just in PE but in Family Office – one size will not fit all. #srme10

@SuperReturn Financial engineering & operational excellence are the key value adds that the PE model brings to MENA’s privately held businesses. #srme10

@SuperReturn Look for your opportunities in your biggest challenges. #srme10

@SuperReturn Omar Lodhi Abraaj tells delegates how to take companies to the next level. #srme10

@SuperReturn “We are not a retirement destination, seek out those who seek challenges” Dr Heikal Citadel tip for mgmt training & recruitment #srme10

@SuperReturn 11 lessons from Dr Heikal Citadel Capital. #srme10

@SuperReturn Ammar Alkhudairy addresses the delegates on new paradigm shifts. #srme10

@habibahamid Abu Dhabi is awash with private equity folks, who are in town for the region’s Super Return conference

@Reuters_Deals Arabtec seals joint venture deal with Egypt’s Amer

@SuperReturnKate Patricia Dinneen advice to LPs when GPs are having problems: infiltrate! At SuperReturn Middle East #srme10

@Yeseniaws PREVIEW-Mideast PE eyes return to SME roots * Mideast PE sector gather at annual SuperReturn conference

@SuperReturnKate Talk to the junior investment partners. Gordon Hargraves on due diligence at SuperReturn Middle East today #SRME10

@SuperReturnKate There is a fine line between sharp elbows and unethical business behaviour. Gordon Hargraves at SuperReturn Middle East #SRME10

@ame_finance Deloitte releases Mena Private Equity Confidence Survey 2010

@SuperReturn Mark O’Hare interviews Mark Boyle Northwestern Mut Cap about LP opinions #srme10

@SuperReturn “The best time to invest is when its hardest to raise money” Catherine Weir’s message to MENA LPs at summit in Abu Dhabi #SRME10

@SuperReturn Catherine Weir, Citibank at LP summit to look at what investors are looking for #srme10

@ame_finance Abu Dhabi plans new export agency

@SuperReturn Will trend for LP direct investment increase or disappear? Jury’s out at LP summit. #srme10

@SuperReturn Do intl LPs see MENA as just a source rather than a destination for capital? Education need to showcase opportunities? #srme10

@SuperReturn LPs were happy with public market + 2% in 07. More like >4% now. But belief in PE mrkts is still strong #srme10

@SuperReturn 19% Fund mgrs closing in 09 achieved target. Improved this year to 35% #srme10

@SRAntonia Is lack of competition between GPs the biggest problems for Middle Eastern LPs? Live at LP summit #srme10

@SuperReturn Mark O’Hare Prequin says deals and exits in MENA recovering. #srme10

@SuperReturn Its clearly an ill wind! MENA PE firms can now attract great senr mgt talent in the fallout from the financial crisis. #srme10.

@SuperReturn Exiting MENA? Egypt tends to be most open & most dev market #srme10

@SuperReturn Why is only 10% of capital directed at Emerg Mkts coming to MENA? Are all levers of value in place? #srme10

@SuperReturn Dry powder in MENA $28 billion? Closer to $7 billion according to Stephen Murphy Citadel Capital. #srme10

@SuperReturn Richard Rivlin Bladenmore and chairman of the LP summit welcomes delegates #srme10

@SuperReturn Delegates arrive for morning coffee at special LP summit #srme10

@zulfi_hydari Private Equity Summit: SuperReturn Middle East 2010 in Abu Dhabi Oct 17 - 20 via @PrivateEquityME


Press coverage

Amwal AlKhaleej happy with Damas deal

Amwel AlKhaleej, which earlier this year sued Damas Loading… in a $22-million (Dh81 million) claim, is satisfied with the recently concluded out-of-court settlement, its top executive said.  Ammar AlKhudairy, managing director of the Saudi-based private equity firm said they were able to get their “money back” in a deal that was in line with the initial compensation sought by the firm.  Part of the settlement was the transfer of 20 million shares to Amwal AlKhaleej on August 19 at a price of 16 cents a share or a total value of $3.2 million and an increase in Amwal’s shareholding in the company to 13.26 per cent from 11.23 per cent after the transaction.

“That is only a part of a bigger settlement, which was done to our satisfaction,” AlKhudairy said, during the sidelines of the SuperReturn Middle East conference yesterday. He declined to comment on the wider settlement.  (more here)

MENA soveriegn funds should invest closers to home says Citadel Capital Chairman.

Middle Eastern and North African (MENA) sovereign wealth funds are over-focusing on deals in the West and should be paying more attention to opportunities in their own back yards, according to Ahmed Heikal, founder and chairman of Egyptian private equity firm Citadel Capital.

Speaking at the SuperReturn Middle East conference in Abu Dhabi, Heikal, whose firm was the beneficiary of a $100m commitment from US trade agency the Overseas Private Investment Corporation earlier this year, said that the wealthy MENA state investment bodies are missing deals in the region which are being picked up on by Western investors. (more here)

Gulf Capital Looks To Close Saudi Food Deal By Year End

ABU DHABI (Zawya Dow Jones)-Abu Dhabi-based private equity firm Gulf Capital, which raised the largest fund in the Middle East last year, expects to close a deal in Saudi Arabia’s food sector by the end of the year, its chief executive officer said Monday.

“We have a forthcoming deal in the food sector” in Saudi Arabia, Karim El- Solh told Zawya Dow Jones on the sidelines of the Super Return Middle East conference.  The firm’s GC Equity Partners Fund II is 37% invested, Sold said. “The food deal will take us to the 40% mark.” (more here)

Middle Eastern entrepreneurs can expect a knock at the door from regional private equity bosses

When the region’s leading deal makers and investors gather in Abu Dhabi for the 4th Annual SuperReturn Middle East Private Equity Summit from October 18th - 20th, we can expect some discussion about the next big trend in Middle East private equity.   In previous years the focus was largely on mega leveraged buyouts but this year attention will most likely turn to small and midmarket private equity. A confluence of factors is forcing the shift from larger to smaller deals. The most obvious factor is the collapse in fundraising activity. Fund managers raised only US$1.06bn in 2009 compared to a near-record US$5.4 billion in 2008. This has led to smaller funds being raised that are taking almost twice as long to close. It is estimated that average fund size will shrink from pre-2008 levels of $350m down to approximately $200m. The impact on regional PE firms of smaller funds combined with limited availability of debt finance will be to shift their focus from larger deals to smaller deals with average deal size of approximately $25 million. (more here)

Citadel Capital Chairman speaks of investing closer to home at SuperReturn Abu Dhabi

Arab sovereign wealth funds seeking to maximize their returns in a still-shaky global economy need to examine opportunities at home and in their own back yards, not only in the West, an industry veteran told a gathering of top regional private equity leaders in Abu Dhabi today. (more here)

Citadel Capital Looks Outside ME For Funds; PE Risk Appetite Weak

Cairo-based private equity firm Citadel Capital has sourced most its funds this year from outside the Middle East as risk appetite for private equity investment in the region remains weak, the company’s chairman said Monday.

“Citadel Capital this year raised $3.5 billion in debt and equity and 80% has come from outside the region,” founder and chairman Ahmed Heikal told the Super Return Middle East private equity conference in Abu Dhabi. “At this point in time risk appetite is not there yet.” (more here)

Buyout figures take on fees

ABU DHABI, United Arab Emirates—Two of the private-equity industry’s biggest names have called for an overhaul of buyout firms’ lucrative fee model, with the best charging more and the weakest conceding ground to investors.

David Rubenstein, the co-founder of U.S.-based private-equity firm Carlyle Group LP, and Better Capital LLP founder Jon Moulton added their voices to the fee debate, in some of the strongest comments made by buyout managers about their lucrative income stream. (more here)

Post Under: Middle East

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