Beirut-Based Private Equity Fund Invests in Oil Servicing Firm

EuroMena II, the Beirut-based private equity funddeclared that it has invested $20m through a capital increase in Egypt-based oil and gas drilling service provider Sakson Petroleum Services.

The capital injection will help the firm access new markets, including Libya and Gulf Cooperation Council countries. Sakson Petroleum Services has several onshore drilling projects in Tanzania, Kenya, Somalia, Algeria and Iraq, among others.


It has a secured project pipeline of around $100m for the next two years. Capital Trust Group, which manages the Beirut-based EuroMena II fund, noted that this investment constitutes the fourth deal executed by the private equity fund, with one to two future investments remaining in order for the $100m fund to be fully invested.


Source: Lebanon This Week, Byblos Bank newsletter


Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.


  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.




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