the next three years you may see some deals done by a select

canada goose deals Gulf reforms key to private equity regaining allure canada goose deals

buy canada goose jacket cheap DUBAI (Reuters) Private equity firms such as Kohlberg Kravis Roberts Co and regional heavyweight canada goose uk outlet Abraaj Capital which benefited from Dubai boom years are now looking to the emirate for reforms needed to revive the sector. buy canada goose jacket cheap

cheap Canada Goose Easing foreign ownership regulations and reviving the market for initial public offerings (IPOs) are key steps, and analysts say private equity still needs more business from the powerful families canada goose uk shop which dominate the region wealth. cheap Canada Goose

canada goose coats on sale need to see some investments, we need to canada goose clearance see the macro environment improving, we need to get the families on board, said canada goose clearance sale Jeremie Le Febvre, partner in charge of Middle Canada Goose Parka East and North cheap canada goose uk Africa Canada Goose Outlet (MENA) at Triago, a private equity adviser. canada goose coats on sale

Canada Goose Parka combination of all these factors will make the Middle East quite attractive because right now the message to investors is quite blurry, he said. Canada Goose Parka

Canada Goose Jackets Middle East private equity investment, once among the most promising sectors in the region, plunged by 80 percent to $561 million in 2009, Gulf Venture Capital Association data showed. Canada Goose Jackets

canada goose coats Deal activity has been slow in 2010 too, with investors backing out from capital calls, sellers still canada goose coats on sale demanding more money than buyers are Canada Goose Online willing to offer and increasing competition from family groups hampering growth. canada goose coats

Before the global financial crisis erupted, iconic private equity firms from across the globe such as KKR and Carlyle Group set up shop, attracted by the region petrodollars and spectacular growth uk canada goose outlet prospects.

canada goose clearance The risk now is that without reforms to spur the sector, such firms canada goose factory sale will go back to viewing the region mainly as a source of capital and not an investment destination. canada goose clearance

is not much room for big internationals, Le Febvre said. the next three years you may see some deals done by a select few, buying perhaps uk canada goose a mobile phone operator or a major pan Middle East healthcare business.

Canada Goose online Dubai based Abraaj Capital, one the Gulf Arab region biggest private equity firms, has cut the size of its fourth buyout canada goose coats fund by half, while shares in Egypt Citadel Capital are down 15 percent this Canada Goose sale year. Canada Goose online

canada goose black friday sale think it safe to conclude that the private equity market in the Gulf Cooperation Council (GCC) is much smaller than was originally expected, said Yahya Jalil, head of private equity at The National Investor in Dubai. canada goose black friday sale

Canada Goose sale EASING REGULATIONS Easing foreign ownership limitations across the Gulf would have a double positive impact as it would allow investors to bid for majority stakes and obtain control of a business while also making the IPO market more attractive. Canada Goose sale

More IPOs would also mean better exit opportunities for local buyout firms.

canadian goose jacket the foreign ownership rules and permitting more flexible share structures would all potentially make PE investments more attractive to overseas investors and hence Canada Goose Coats On Sale promote deal activity, said Isabella Roberts, canada goose black friday sale a partner at law firm Simmons Simmons. canadian goose jacket

Transparency and disclosure among family owned companies in the region could also improve.

Damas, a Dubai based jeweler with retail outlets across the region, is a case in point.

The family owned business raised $270 million in its 2008 IPO and a local private equity firm took a stake. But earlier this canada goose year, the company founders were accused of making transactions valued at $165 million, resulting in management shake up and financial trouble.

canada goose clearance sale is limited history and a poor culture of corporate disclosure, and while this is improving, there is little precedent Canada Goose online for the exercise of minority rights by investors, said a recent survey on Middle East private equity by INSEAD Booz Co. canada goose clearance sale

buy canada goose jacket Another concern for private equity has been the difficulty to exit investments due to the IPO market sharp slowdown. buy canada goose jacket

Canada Goose Outlet Cairo based Citadel Capital, for example, has been looking for cheap Canada Goose a while to divest the canada goose jackets canada goose uk black friday 34 percent stake in gas and electricity distributor Taqa Arabia which it bought in 2006. Canada Goose Outlet

canada goose store exits happening today are all through strategic sales but unfortunately for a PE (private equity) player, strategic sales do not give the same value as an IPO, canada goose store said buy canada goose jacket Shailesh Dash, chief executive of Al Masah Capital, a Dubai based alternative asset management firm planning to launch a private equity fund. canada goose store

Limited partners (LPs) have become increasingly cautious in allocating funds and are demanding more disclosure and transparency from funds. Some have stopped honoring Canada Goose Jackets capital calls from general buy canada goose jacket cheap partners or fund managers, analysts say.

The focus for private equity now is on thousands of family owned businesses across the Gulf, although law experts warn that there are still too many legal hurdles in such deals.

canada goose A key challenge is winning work from family owned groups who are more comfortable doing deals directly canadian goose jacket with one another. canada goose

reality is that most of the Middle East market is very fragmented and many family owned businesses have the tradition to do business among themselves, said Triago Le Febvre.