EQT latest tech fund topples hard cap at $2.2bn
EQT has held the final closing of EQT Growth above its €2 billion (~US$2 billion) target, raising €2.2 billion (~US$2.2 billion) in fee-generating assets under management (AUM) and total commitments of EUR 2.4 billion. The raise underlines investors’ current strong demand for thematic inve...
September 13
Cassava Technologies delists Israel’s tech house Telrad as all stock buyout completes
African digital infrastructure and services provider Liquid Intelligent Technologies, a business of Cassava Technologies, has completed the acquisition and delisting of Telrad, an Israeli-based technology company (TASE: ILA). Telrad has a presence in 13 countries across the Middle East, South America, United Sates, Eastern Europe, Asia and provides technology products and s...
August 17
Berkshire Partners invest $215m in Middle Eastern underground data centres
Private investment firm Berkshire Partners has carried out an investment to buy 49% of Israeli data centre platform MedOne as the nation’s cloud and colocation market continue to attract consumers. The round, valued at US$215 million and described as a “significant growth investment”, also saw the participation of the van Rooyen Group, alongside majority shareholder T...
July 18
Digital Realty announces Middle East market debut
US real estate investment trust (REIT) Digital Realty (NYSE: DLR) has unveiled plans to expand into Israel, the company’s first data centre project in the Middle East. To carry out the investment, the group has entered into a joint venture (JV) with Mivne Real Estate (K.D.) (TASE: MVNE) to develop a multi-tenant data centre campus in Petah Tikvah. The joint venture, wh...
June 14
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