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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Ethos Leads Consortium in US$130 Million Investment in Nigerian Bank Oceanic" (Africa) "Darby Invests US$17.8 Million in Bhoruka Power" (Asia) "Mekong Capital to Invest US$3 Million in Vietnam Drug Producer" (Asia) "Warburg Pincus-owned Eurocom to Buy Five Bulgarian Peers" (Central and Eastern Europe and Russia) "Advent Holds 6.6 Percent of Parana Banco After Share Swap" (Latin America and the Caribbean) "India ICICI's PE Arm Starts Healthcare Venture" (Asia) "Amwal Al Khaleej Buys 49 Percent Stake in Dubai Contracting" (Middle East) "Enforta Closes on US$40 Million Investment" (Central and Eastern Europe and Russia) "HSBC Private Equity Arm Launches Second Fund" (Middle East) "Imara Starts East African Fund With Local Partner" (Africa) "Ithmar to Launch Third Fund" (Middle East) "EBRD, Three Investment Funds Buy 15 Percent in Russia's Transcontainer" (Central and Eastern Europe and Russia)
News From EMPEA
Registration for EM PE Forum in NY in March - Now Open!
Registration for the Emerging Markets Private Equity Forum in New York, March 27-28, 2008 is now open: http://www.peimedia.com/emny08
Industry News "Ethos Leads Consortium in US$130 Million Investment in Nigerian Bank Oceanic" (Africa) AltAssets.com (01/17/08) A consortium led by South Africa-based private equity firm Ethos Private Equity and including South African asset manager Old Mutual Investment Group South Africa, a wholly owned subsidiary of the Old Mutual Group, has invested US$130 million in Oceanic Bank International of Nigeria. Oceanic operates 260 branch offices throughout Nigeria. The investment was made through Ethos Fund V, which closed with US$750 million in committed capital in October 2006. Return to Headlines "Darby Invests US$17.8 Million in Bhoruka Power" (Asia) Business Standard (India) (01/17/08) Darby Overseas Investments, the private equity unit of Franklin Templeton Investments, has invested US$17.8 million in Bhoruka Power Corporation Limited (BPCL), an operator of 14 small hydroelectric and wind energy power generation projects. The investment was made through Darby Asia Mezzanine Fund II. BPCL will use the investment to expand its renewable energy capacity. Return to Headlines "Mekong Capital to Invest US$3 Million in Vietnam Drug Producer" (Asia) Vietnam News Briefs (01/18/08) Mekong Capital will invest US$3 million in Traphaco Pharmaceutical, a Vietnamese pharmaceutical company which specializes in traditional Chinese medicine. The investment will be made through Mekong's Vietnam Azalea Fund, which has US$100 million in committed capital. Return to Headlines "Warburg Pincus-owned Eurocom to Buy Five Bulgarian Peers" (Central and Eastern Europe and Russia) SeeNews (01/14/08) Bulgaria-based television, Internet, and telecom services provider Eurocom Cable Management, owned by private equity firm Warburg Pincus, is set to acquire five local competitors as part of a strategy to consolidate Bulgaria's fragmented cable market. The acquisitions will raise Eurocom's market share to about 10 percent of the local cable television market. Warburg Pincus announced last year it would invest up to EUR200 million in Eurocom within the next six years to fund Eurocom's expansion plans. Return to Headlines "Advent Holds 6.6 Percent of Parana Banco After Share Swap" (Latin America and the Caribbean) Business News Americas (01/18/08) U.S.-based private equity firm Advent International now holds a 6.6 percent stake in Parana Banco of Brazil following a share swap in exchange for insurer J Malucelli. Advent acquired an 85 percent stake in J Malucelli from Parana Banco in 2004. In March 2007, Advent agreed to allow Parana Banco to buy back the stake through a share swap. Return to Headlines "India ICICI's PE Arm Starts Healthcare Venture" (Asia) Reuters (01/15/08) ICICI Venture Funds Management, the private equity unit of ICICI Bank of India, has launched a separate company, I-Ven Medicare, that aims to invest US$250 million in India's healthcare sector. The new entity has already committed investments worth US$62 million in projects in southern and eastern India. Return to Headlines "Amwal Al Khaleej Buys 49 Percent Stake in Dubai Contracting" (Middle East) Gulf News (United Arab Emirates) (01/15/08) Saudi Arabia-based private equity firm Amwal Al Khaleej has acquired a 49 percent stake in construction firm Dubai Contracting Company for an undisclosed sum. The acquisition was made through AK XII, a special purpose vehicle whose investors include Goldman Sachs and Credit Suisse. Return to Headlines "Enforta Closes on US$40 Million Investment" (Central and Eastern Europe and Russia) WiMAX Day (01/16/08) Russian WiMAX network operator Enforta has received a total of US$40 million from existing investors, including Baring Vostok Capital Partners, and new investor Bessemer Venture Partners of the United States. The investment will allow Enforta to expand its network to an additional 40 cities in Russia in 2008. Return to Headlines "HSBC Private Equity Arm Launches Second Fund" (Middle East) Reuters (01/16/08) HSBC Private Equity Middle East, the regional private equity unit of HSBC, is set to complete its first investment, in Bahrain, through its second Middle East fund, which has raised about US$500 million. The second fund will seek investments in all sectors, except real estate, in the Middle East and North Africa. The private equity firm's US$118 million first Middle East fund, meanwhile, has 11 investments, including a stake in Emap Communications and Dubai-based media firm Ameinfo. HSBC Private Equity Middle East associate director Ara Sahakian has said that the first fund is looking to make three exits within the next year. Return to Headlines "Imara Starts East African Fund With Local Partner" (Africa) Africa News Service (01/17/08) Pan-African financial services group Imara and Kenya-based asset management firm ICEA have launched the Imara East African Fund. The fund will focus on investments in Kenya, Tanzania, Uganda, and Mauritius and will also eye investments in companies operating in Burundi, the Democratic Republic of Congo, Ethiopia, Rwanda, and southern Sudan. The minimum investment in the fund is US$100,000. Return to Headlines "Ithmar to Launch Third Fund" (Middle East) Emirates Business 24/7 (01/16/08) Nambiar, Nitin Dubai-based private equity firm Ithmar Capital plans to launch its Fund III by the fourth quarter of 2008. Ithmar completed the third deal through its Fund II earlier in January through the acquisition of an undisclosed stake in UAE-based construction and consulting firm Dewan Architects and Engineers. In September 2007, Ithmar acquired a stake in Mushrif Trading and Contracting Company of Kuwait for about US$97 million. Ithmar is focused on investments in Gulf Cooperation Council nations. Return to Headlines "EBRD, Three Investment Funds Buy 15 Percent in Russia's Transcontainer" (Central and Eastern Europe and Russia) Prime-Tass Business Newswire (01/21/08) The European Bank for Reconstruction and Development, Russian private equity firm Troika Capital Partners, and two unnamed Western investment funds have jointly acquired a 15 percent stake in Russian shipping company Transcontainer. The deal leaves the remaining stake in Transcontainer in the hands of state-owned Russian Railways. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
23 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 contact: Emerging Markets Private Equity Association  |