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 Headlines News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Aureos Latin America Fund Holds First Closing on US$140 Million" (Latin America and the Caribbean) "NBK Capital Equity Partners Fund Completes US$70.7 Million Sale of Savola" (Middle East) "First Private Equity Investment in Romania's Equipment Rental Sector" (Central and Eastern Europe and Russia) "ICICI Ventures to Invest in Pune Hospital" (Asia) "IDG to Blaze the Yuan Currency Fund Trail" (Asia) "Private Equity Players Step Up 'Green' Investments" (Industry News) "Carlyle Invests US$27.7 Million in India's Repco Home" (Asia) "First Reserve Invests in South African Uranium Company" (Africa) "BNDESpar to Invest US$85 Million in Santelisa Vale" (Latin America and the Caribbean) "SBI Holdings to Set Up Russia Fund With IFC Metropol" (Central and Eastern Europe and Russia) "Software Company ITWorx Changes Hands" (Middle East) "ASCOM Acquires Promising Gold Concessions in Northern Ethiopia" (Africa) News From EMPEA
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http://www.peimedia.com/emny08 Industry News "Aureos Latin America Fund Holds First Closing on US$140 Million" (Latin America and the Caribbean) AltAssets.com (01/14/08) Aureos Capital's Aureos Latin America Fund has held its first closing with US$140 million in committed capital. The fund is expected to close at US$300 million by the end of June and will focus on investments in Mexico, Central America, and the Andean region, including Colombia and Peru. Return to Headlines "NBK Capital Equity Partners Fund Completes US$70.7 Million Sale of Savola" (Middle East) Al-Bawaba (01/13/08) NBK Capital has completed the sale of edible oils company Yudum Foods of Turkey to Afia International, the leading producer of branded edible oils in the world by volume, for US$70.7 million. The sale was the first exit for the NBK Capital Equity Partners Fund, which is focused on investments throughout the Middle East, and generated a 2.8-fold return on investment. Return to Headlines "First Private Equity Investment in Romania's Equipment Rental Sector" (Central and Eastern Europe and Russia) Comunicatedepresa.ro (12/20/07) The Balkan Accession Management Company has acquired a 90 percent stake in equipment rental company Industrial Access of Romania for EUR3.6 million through the Balkan Accession Fund (BAF). Industrial Access, launched in 2005, focuses on short-term rental of small and midsize access equipment to construction companies and owns a fleet comprised of 140 units. It operates out of 5 locations in Romania and recently began operations in Bulgaria. Balkan Accession Management, in addition to BAF, manages the Romanian-American Enterprise Fund. Return to Headlines "ICICI Ventures to Invest in Pune Hospital" (Asia) Business Standard (India) (01/08/07) ICICI Ventures, the private equity arm of ICICI Bank, has invested about US$35.7 million in Sahyadri Hospitals of India, which runs a 250-bed hospital as well as two secondary care hospitals and one clinic in Pune. Sahyadri aims to use the investment to create a network of hospitals and care centers that will have a total of 3,000 beds available within three years. Return to Headlines "IDG to Blaze the Yuan Currency Fund Trail" (Asia) Asia Private Equity Review (01/07/08) U.S.-based IDG Technology Venture Investment has reportedly won approval from China's Ministry of Commerce to launch its first yuan-denominated fund. The fund will have a target size of US$68.5 million and will focus on investments in high-growth sectors like technology and energy as well as franchise operations. The fund will be the first managed by a foreign investment firm to receive approval from China to form a yuan-based investment currency vehicle. Return to Headlines "Private Equity Players Step Up 'Green' Investments" (Industry News) Business Line (01/09/08) Private equity firms are increasing their focus on investment opportunities in firms dedicated to environmentally-friendly products and services. The International Finance Corp., for example, has just announced that it will commit up to EUR15 million in a fund managed by Aloe Private Equity of France dedicated to companies, mainly in India and China, that focus on clean and renewable energy, waste recycling, emissions control, and eco-processes. In 2007, a consortium of investors, including IDFC Private Equity, CDC Group, and GIC Special Investments, invested US$100 million in a photovoltaic subsidiary of India-based manufacturer of removable data storage media Moser Baer. Also in 2007, Sindicatum Carbon Capital Holdings, which is partly owned by Citigroup, together with Istithmar World Ventures announced plans to invest US$600 million in projects that produce carbon-emission credits in countries such as China, India, and Indonesia. Return to Headlines "Carlyle Invests US$27.7 Million in India's Repco Home" (Asia) Reuters (01/10/08) Tudor, Alison The Carlyle Group has invested US$27.7 million in Repco Home Finance, a housing finance company focused on Southern India. The investment was made through the US$680 million Carlyle Asia Growth Partners III Fund, which focuses on India, China, and South Korea as well as Japan. Return to Headlines "First Reserve Invests in South African Uranium Company" (Africa) PRNewswire (01/10/08) Private equity firms First Reserve Corp. and AMCI Capital, both based in the United States, and Pamodzi Investment Holdings of South Africa will acquire a 60 percent stake in a new uranium company, Cooke, in South Africa. Uranium and gold assets owned by a subsidiary of Harmony Gold Mining Company will be transferred to the new company for a total of US$420 million. Harmony will retain a 40 percent interest in Cooke. As planned, Cooke would be one of the 10 largest producers of uranium, a byproduct of gold production, in the world. Worldwide demand for uranium is expected to increase significantly in the future due to increased interest in nuclear power. Return to Headlines "BNDESpar to Invest US$85 Million in Santelisa Vale" (Latin America and the Caribbean) Business News Americas (01/08/08) BNDESpar, the private equity arm of Brazilian federal development bank BNDES, will invest US$85 million in Santelisa Vale, Brazil's second largest sugar and ethanol producer. Santelisa plans to nearly double its cane processing capacity by 2012 and plans to build six sugar and ethanol plants to facilitate the expansion. Return to Headlines "SBI Holdings to Set Up Russia Fund With IFC Metropol" (Central and Eastern Europe and Russia) Dow Jones Newswires (01/08/08) Shimamura, Kazuhiro Japan-based financial and investments services firm SBI Holdings, formerly known as Softbank Investment Corporation, and Russian financial group IFC Metropol have agreed to establish a venture capital fund to invest in startups in Russia. The two companies will each contributed US$50 million to the fund and may raise their total investment to US$500 million. The fund will give SBI access to the Russian market. SBI has in the past set up similar venture capital funds to gain access to other emerging markets, including China and India. Return to Headlines "Software Company ITWorx Changes Hands" (Middle East) Al-Bawaba (01/07/07) The EuroMena Fund sponsored by the U.K.-based Capital Trust Group has participated in the acquisition of a 79 percent stake in Egypt's leading global software services provider, ITWorx, along with Bahrain-based Venture Capital Bank's MENA Small & Medium Enterprises Fund and Proparco, the private sector financing arm of the French Development Agency. The US$65 million EuroMena Fund was established in March 2006 with the goal of investing in Algeria, Egypt, Jordan, Lebanon, Morocco, the Palestinian Territories, Syria, and Tunisia. A EuroMena II Fund is planned for 2008, with a goal of raising US$200 million to US$300 million. Return to Headlines "ASCOM Acquires Promising Gold Concessions in Northern Ethiopia" (Africa) Middle East Company News Wire (01/09/08) ASCOM, a mining and quarrying company owned by Egypt-based private equity firm Citadel Capital, has acquired several gold concessions in northern Ethiopia. Citadel acquired ASEC Group in 2004 and spun off its geology and mining arm, ASCOM, into a separate company. ASCOM has since expanded from its base in Egypt and now manages mining projects the UAE, Syria, Algeria, and Sudan. Citadel focuses on the acquisition and development of greenfield projects in the Middle East and North Africa and manages investments worth more than US$7 billion in various industries, including mining, oil and gas, cement, transportation, and food. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
16 January 2008
 
 
Emerging Markets Private Equity NewsWatch provides a selection of noteworthy articles pertaining to private equity investing in emerging markets and is distributed weekly to a wide audience. The Emerging Markets Private Equity NewsWatch is a publication of the Emerging Markets Private Equity Association. For more information on EMPEA and advertising inquiries, please
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