"One Equity Partners in US $70 Million China PIPE Deal" (Asia)
AltAssets.com (01/07/10)
One Equity Partners (OEP), the global private equity arm of investment bank JPMorgan, is investing approximately US$70 million in listed drug company China Medicine, marking the firm’s first investment in the country. OEP will buy four million common shares and just under two million convertible preferred shares at US$3 and US$30 each, respectively.
"Andrade Gutierrez Concessoes and Fundo de Investimentos em Participacoes to Sell 26 Percent Stake in Light SA" (Latin America and the Caribbean)
Financial Deals Tracker (01/04/10)
Brazilian private equity firm BR Educacional Fundo de Investimentos em Participacoes and holding company Andrade Gutierrez Concessoes are selling a 26 percent stake in Light SA, a local company engaged in the generation, transmission, distribution and commercialization of electric energy, to Brazil’s Companhia Energetica de Minas Gerais. The deal is valued at approximately US$923 million.
"Qatar Investment Authority Acquires Five Percent Stake in Al Ahli Bank " (Middle East)
Financial Deals Tracker (01/05/10)
Qatar Investment Authority, an investment arm of the Government of Qatar, has acquired a five percent stake in Qatar's Al Ahli Bank. The value of the transaction has not been disclosed.
"EBRD Commits to Southeast Europe Energy Efficiency Fund" (Central and Eastern Europe and the Commonwealth of Independent States)
Ukrainian Times (01/06/10)
The European Bank for Reconstruction and Development (EBRD) is committing EUR25 million to the Southeast Europe Energy Efficiency Fund (SE4F). The fund, managed by Oppenheim Asset Management Services, has received EUR95 million in commitments to date and is targeting total commitments of EUR400 million. SE4F will invest in energy efficiency and renewable energy projects in Albania, Bosnia-Herzegovina, Croatia, Macedonia, Montenegro, Serbia and Turkey.
"Orbis Hospitality Sells Tour Operator Arm to Enterprise Investors" (Central and Eastern Europe and the Commonwealth of Independent States)
ISI Emerging Markets (01/07/10)
Enterprise Investors (EI) is acquiring a 95 percent stake in Orbis Travel, one of Poland’s leading tour operators. The investment forms part of EI’s plan to consolidate the Central European tourism industry following its acquisition of Novaturas, the leading tour operator in the Baltic States. The acquisition of Orbis is being made through EI’s Polish Enterprise Fund VI. The value of the transaction was not disclosed.
"Redstone Sells Russian Theaters to Daughter, Group" (Central and Eastern Europe and the Commonwealth of Independent States)
ABC News (01/08/10)
Russia-based UFG Private Equity, in collaboration with Shari Redstone, is acquiring Russian theater chain Rising Star Media from National Amusements, which is owned by Shari Redstone's father, U.S. billionaire Sumner Redstone. The value of the transaction was not disclosed.
"Enfoca and Foreign Investment Funds Take Control of Maestro Home Center" (Latin America and the Caribbean)
Esmerk (01/05/10)
Peruvian investment fund administrator Enfoca Inversiones, Och-Ziff Capital Management Group and Argentina-based Magna Capital have acquired a controlling stake in Peruvian home improvement store Maestro Home Center. The value of the transaction has not been disclosed.
"IL&FS Exits JBF Industries" (Asia)
IL&FS Investment Managers (01/08/10)
IL&FS Investment Managers has completed an exit from JBF Industries, an Indian manufacturer of polyester chips, partially-oriented yarn and fully-drawn yarn, through its US$153.5 million Leverage India Fund (LIF). The exit generated IL&FS an annual internal rate of return of 23.6 percent.
"Swicorp to Set Up New Leasing Firm in Algeria" (Africa)
Trade Arabia (01/09/10)
Saudi Arabia-based financial advisory, private equity and principal investment firm Swicorp, Algeria's Banque Exterieure d’Algerie (BEA) and Portugal’s Banco Espirito Santo (BES) are jointly establishing a new leasing company based in Algeria. Ijar Leasing Algerie will have an initial share capital of US$47.6 million, with Swicorp holding a 6 percent stake and BEA and BES holding a 59 percent and 35 percent stake respectively.
"Nine Rivers Capital Invests in GPT Infraprojects" (Asia)
VC Circle (01/06/10)
Nine Rivers Capital, a Mauritius-based private equity firm focused on India, has invested approximately US$6 million in Kolkata-based infrastructure service provider GPT Infraprojects. Nine Rivers Capital achieved the first close of its debut fund at US$46 million in the first half of 2009 and aims to raise total commitments of US$125 million.
"Leopard Capital Closes Fund at US$34 Million" (Asia)
Phnom Penh Post (01/05/10)
Private equity firm Leopard Capital has closed its first Cambodia-focused fund with US$34 million in commitments. The fund has already made five investments, including the purchase of a majority stake in boutique beer brewer Kingdom Breweries. Leopard plans to launch a second Cambodia-focused fund in 2010.
"Carlyle Makes First Brazil Deal With US$250 Million Buyout of Holiday Package Firm" (Latin America and the Caribbean)
AltAssets.com (01/08/10)
The Carlyle Group has made its first private equity investment in Brazil, acquiring a 64 percent stake in CVC Brasil, reportedly the largest tour operator in Latin America. While financial terms have not been officially disclosed, a price tag of US$250 million has been discussed in media reports.