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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Report on the Global Economic Impact of Private Equity Released by World Economic Forum at Davos" (Industry News) "CDC Plans Biggest Investment in Its History" (Industry News) "Emerging Capital Partners Makes Investment in Central African Gold" (Africa) "AIG Buys 25 Percent Stake in China's Chongqing Lifan" (Asia) "Vietnam Jeweler Raises US$12 Million" (Asia) "Ethos Sells Its Tsebo Stake to Absa" (Africa) "NCBC Acquires Strategic Stake in HBG Holdings" (Middle East) "Och-Ziff, Mvelaphanda Holdings, and Palladino Create Joint Venture to Focus on Natural Resources in Africa" (Africa) "East Capital to Buy 10 Percent of Pivdenniy Bank" (Central and Eastern Europe and Russia) "China's Lenovo Group Sells Handset Business for US$100 Million" (Asia) "Inter-American Development Bank to Finance Argentina Fund" (Latin America and the Caribbean) "Netia Signs Deal to Sell Stake in Polish Mobile Network for EUR130 Million" (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 "Report on the Global Economic Impact of Private Equity Released by World Economic Forum at Davos" (Industry News) World Economic Forum (01/25/08) The World Economic Forum has released one of the most comprehensive studies of private equity to date. "Globalization of Alternative Investments Working Papers Volume 1: The Global Economic Impact of Private Equity Report 2008" focuses on the demographics of private equity transactions, the willingness of firms backed by private equity to make long-term investments, and the impact of private equity investments on employment levels and corporate governance. "We believe [the report] ... is the first study in the past quarter century to use exhaustive data sets to provide empirical analyses of private equity transactions on a global scale," says Anuradha Gurung, a co-editor of the volume of working papers. The full report can be found at http://www.weforum.org/pdf/cgi/pe/Full_Report.pdf. Return to Headlines "CDC Plans Biggest Investment in Its History" (Industry News) Telegraph.co.uk (01/28/08) Litterick, David U.K. government-owned fund of funds CDC Group has announced the biggest financial commitment in its 60-year history, a $US1 billion fund that will focus on the infrastructure of Africa, South America, and Southeast Asia. The fund will be managed by Actis, once a unit of CDC until it was spun off in 2004, and will invest in power generation, ports, telecommunications, and other sectors considered vital for the development of emerging markets. Return to Headlines "Emerging Capital Partners Makes Investment in Central African Gold" (Africa) PRNewswire (01/31/08) Africa-focused private equity firm Emerging Capital Partners (ECP) has invested US$15.2 million in Central African Gold, an emerging gold producer with operations in Ghana and Zimbabwe as well as advanced exploration properties in Mali and Botswana. The investment makes ECP the largest single shareholder in Central African Gold. It was made through ECP's US$523 million EMP Africa Fund II and is ECP's fourth investment in Africa's mining sector. Return to Headlines "AIG Buys 25 Percent Stake in China's Chongqing Lifan" (Asia) Xinhua Financial Network (01/28/08) AIG has reportedly acquired a 25 percent stake in Chinese car and motorcycle maker Chongqing Lifan Holding. The financial details of the transaction were not disclosed. Chongqing Lifan sold 40,000 cars in 2007 and plans to sell 60,000 this year and up to 500,000 by 2015. Return to Headlines "Vietnam Jeweler Raises US$12 Million" (Asia) Private Equity HUB (01/29/08) Mekong Capital has made a US$12 million investment in Phu Nhuan Jewelry, a Vietnamese maker and retailer of jewelry that was formerly wholly owned by the state. The acquisition was made through the US$100 million Vietnam Azalea Fund. Return to Headlines "Ethos Sells Its Tsebo Stake to Absa" (Africa) Business Day (South Africa) (01/28/08) Nyamakanga, Regis Ethos Private Equity has sold its 49.95 percent stake in leading South African hospitality and facilities management firm Tsebo Outsourcing Group to a consortium led by Absa Capital, a unit of banking group Absa, for an undisclosed sum. Tsebo owns the Fedics, Equality Food Services, Tsebo Cleaning Services, Tsebo Retail Services, and Drake & Scull businesses and has operations outside of South Africa in Botswana, Lesotho, Namibia, Swaziland, Democratic Republic of Congo, Mozambique, and Nigeria. Return to Headlines "NCBC Acquires Strategic Stake in HBG Holdings" (Middle East) MENAFN.com (01/29/08) NCB Capital, a subsidiary of The National Commercial Bank of Saudi Arabia, has acquired a "strategic stake" in the management company of Dubai-based private equity firm HBG Holdings through its Oryx Regional Private Equity Fund. The transaction will position Oryx as the anchor investor in HBG's US$200 million regional private equity fund and allow HBG to look at a wider range of transactions. HBG is currently considering investments in the consumer, logistics, financial services, and infrastructure sectors of the Middle East. Return to Headlines "Och-Ziff, Mvelaphanda Holdings, and Palladino Create Joint Venture to Focus on Natural Resources in Africa" (Africa) PRNewswire (01/29/08) OZ Management, a subsidiary of Och-Ziff Capital Management Group; private investment company Mvelaphanda Holdings of South Africa; and Palladino Holdings, a private investment vehicle focused on Africa, have formed a joint venture that will focus on natural resources in Africa. The venture, Africa Management Limited, has established African Global Capital I, which will invest in businesses and projects involved in Africa's mining and energy sectors. Return to Headlines "East Capital to Buy 10 Percent of Pivdenniy Bank" (Central and Eastern Europe and Russia) Russia & CIS Business and Financial Newswire (01/29/08) East Capital's Explorer Financial Institutions Fund will acquire a 9.98 percent stake in Pivdenniy Bank of Ukraine for EUR54 million. Pivdenniy has 17 branches and 106 offices throughout Ukraine. East Capital has offices in Russia, China, Thailand, and several other countries. Return to Headlines "China's Lenovo Group Sells Handset Business for US$100 Million" (Asia) Trading Markets (01/30/08) Private equity firm Hony Capital will acquire Lenovo Mobile, the handset unit of China-based computer maker Lenovo Group, for US$100 million. Hony Capital is partly owned by Legend Holdings, which has a 42 percent stake in Lenovo Group. Return to Headlines "Inter-American Development Bank to Finance Argentina Fund" (Latin America and the Caribbean) US Fed News (01/31/08) The Inter-American Development Bank (IDB) will invest US$5 million in PYMAR Fund, a US$17 million venture capital fund aimed at small companies in Argentina with high-growth potential. The investment will be made through IDB's Multilateral Investment Fund (MIF), which focuses on small businesses in Latin America and the Caribbean. Return to Headlines "Netia Signs Deal to Sell Stake in Polish Mobile Network for EUR130 Million" (Central and Eastern Europe and Russia) Thomson Financial (01/31/08) Tollerton Investments of Cyprus and the Iceland-based Novator fund have agreed to acquire a 23 percent stake in Polish mobile network P4 for EUR130 million. P4 is operated by Poland's second largest phone group, Netia. The deal is expected to be closed by the end of March. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
6 February 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  |