London-based Investment Firm in Iraq PE Deal

MerchantBridge, the London-based direct investment and private equity company focused on Middle East investments, has closed a deal worth $200 million in Kerbala Cement Rehabilitation Program. This transaction marks the largest privatization and debt arrangement in Iraq (outside oil and gas). The plant will go through a rehabilitation program. The project has already attracted investment interest from foreign direct investors, including the International Finance Corporation (IFC), the private arm of the World Bank, and France's Proparco.