Tuesday, December 20, 2016

EuroMena closes third fund for $150 million.

EuroMena said it has completed the second and final closing of its third fund EuroMena III for a total of $150 million. As of December 2016, EuroMena III had invested in three companies at a total of $60 million, the company said in a statement.

These companies are in the retail and banking sectors, as well as the fast moving consumer goods (FMCG) sector. They operate in Nigeria, Tunisia, Morocco, Algeria, and Lebanon.

"We expect the Fund to be fully invested by end of 2017," sai...

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