"Venture Fund Nano-Sibir to Be Established" (Central and Eastern Europe and the Commonwealth of Independent States)
Esmerk (12/25/09)

Russian state-owned development institution Rusnano and Siberia-based SM Group will establish Nano-Sibir, a venture capital fund that will invest in projects in the industrial park of Novosibirsk, Siberia. SM Group will commit approximately US$17 million to the fund.

"Kentor Trading Acquires 20 Percent Stake in Oriana" (Central and Eastern Europe and the Commonwealth of Independent States)
Financial Deals Tracker (12/31/09)

Cyprus-based investment firm Kentor Trading Limited has acquired a 20 percent stake in Oriana, a Ukraine-based insurance company specializing in risk insurance. The value of the transaction was not disclosed.

"KDB Fund to Buy Daewoo Engineering for US$2.5 Billion" (Asia)
Bloomberg (12/30/09)

A private equity fund managed by Korea Development Bank (KDB) is acquiring a controlling stake in South Korea's Daewoo Engineering & Construction from the Kumho Asiana Group. The deal is valued at approximately US$2.5 billion. KDB is also acquiring Kumho Life Insurance of South Korea in partnership with Consus Asset Management, a local private equity firm.

"Golden Minerals Announces Strategic Private Placement" (Latin America and the Caribbean)
Marketwire (12/30/09)

Private equity firm The Sentient Group is acquiring a 19.9 percent stake in Golden Minerals Company for approximately US$5 million on a private placement basis. The investment will be used primarily for the advancement of the El Quevar project, an advanced-stage silver exploration project in northwestern Argentina.

"Egypt Launches Industry-Focused SME Fund" (Africa)
Zawya.com (12/30/09)

Egypt's Industrial Modernization Center (IMC) and the Arab African International Bank (AAIB) have established a fund for local small and medium enterprises (SMEs). The fund is targeting commitments totaling approximately US$91 million.

"Bain Capital Takes Stake in India's Himadri Chemicals" (Asia)
AltAssets.com (01/04/10)

Private equity firm Bain Capital India Investments has acquired a 15 percent stake in local chemicals company Himadri Chemicals and Industries for approximately US$54.4 million. Bain Capital will also be making an open offer to purchase an additional 20 percent of the expanded equity base, amounting to a further investment of up to US$70.7 million. This transaction marks Bain’s first private equity deal in India.

"African PE Firm ADC Backs Zimbabwean Bank" (Africa)
AltAssets.com (12/29/09)

A group of investors led by ADC African Development Corporation, an Africa-focused private equity firm, has acquired a majority stake in Zimbabwean banking company Premier Finance Group. Following the investment, ADC will own a 45 percent stake in Premier. The deal is valued at approximately US$6 million.

"Egypt Private Equity Firm to Open Office in Nairobi" (Africa)
Business Daily Africa (12/29/09)

Egypt-based private equity firm Citadel Capital has announced plans to set up its East Africa regional office in Nairobi starting in January 2010. Citadel Capital said in a statement that it will deploy “significant capital” across East Africa in 2010.

"Ballas, NEA Buy Carlyle's Stake in FSS" (Asia)
Times of India (12/28/09)

The Carlyle Group has exited from its investment in Financial Software & Systems (FSS), an India-based electronic payments processing firm. Jacob Ballas Capital and New Enterprise Associates (NEA) have acquired a 40 percent stake in the firm, including Carlyle's 34 percent stake, for an undisclosed sum.

"Proparco Makes Commitments to Sub-Saharan Africa Funds" (Africa)
Proparco (12/30/09)

Proparco, the private sector financing arm of the French Development Agency (AFD), is committing EUR27 million to three funds dedicated to Sub-Saharan Africa. EUR10 million will be committed to the Africinvest Financial Sector Fund managed by Africinvest Capital Partners. An equal amount will be committed to the African Development Partners Fund, which is focused on investments in post-conflict or liberalizing countries such as Ethiopia and Rwanda, while approximately EUR7 million will be committed to Fanisi, a newly-created fund targeting small and midsize enterprises in East Africa.

"The Africa Health Fund Invests US$2.66 Million in Nairobi Women's Hospital" (Africa)
Aureos Capital (01/04/10)

The Africa Health Fund managed by Aureos Capital has made its first investment, acquiring a stake in the Nairobi Women’s Hospital for US$2.66 million. The fund has a target size of US$100 million and is backed by the International Finance Corporation, the African Development Bank, DEG and the Bill & Melinda Gates Foundation, who have jointly committed US$57 million.

"GMMOS Buys Marine Company" (Middle East)
MENAFN.com (12/31/09)

Dubai-based marine and engineering group GMMOS, backed by private equity firms Abraaj Capital and Waha Capital, has acquired 100 percent of the share capital of offshore support vessel provider Minnow Marine Projects Limited (MMPL) through its Singapore-based Stanford Asia division. The value of the transaction was not disclosed.

"Yes Bank, GEF Plan US$200 Million Fund" (Asia)
mydigitalfc.com (12/30/09)

India's Yes Bank and U.S.-based Global Environment Fund (GEF) are raising a fund that will invest in cleantech technologies, focusing on South Asian countries, particularly India. The fund is targeting commitments totaling US$200 million and a final close is anticipated for late January 2010 with investors including the International Monetary Fund and the Asian Development Bank.