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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Venture Capital Funds Put EUR9 Million Into Hungary's AXON" (Central and Eastern Europe and Russia) "Global Launches Egypt Fund" (Africa) "Citi Venture Capital Invests $42 Million In Globe Capital Market" (Asia) "Penta Launches Private Equity Fund of up to US$90 million" (Latin America and the Caribbean) "Primus Buys 20 Percent of Eon Capital" (Asia) "Kohlberg Kravis to Invest US$250 Million in Bharti Infratel" (Asia) "Bahrain Fund Buys Into Turkish Airline" (Middle East) "Affinity Equity Partners Sells Stake in Himart for US$2.12 Billion" (Asia) "Amwal Al Khaleej Leads Consortium Investment in Zohoor Al Reef" (Middle East) "Corvest and Safika Buy Into Micros Fidelio" (Africa) "Austrian Private Equity Firm VCP Builds Stake in Hungarian Bank FHB" (Central and Eastern Europe and Russia) "U.S. Credit Crunch Is Not a Significant Factor on Private Equity in Latin America, New KPMG Poll Says" (Latin America and the Caribbean)
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 "Venture Capital Funds Put EUR9 Million Into Hungary's AXON" (Central and Eastern Europe and Russia) MTI Econews (02/07/08) Private equity firms Arx Equity Partners (formerly DBG Eastern Europe) and U.K.-based 3i, which acted through 3TS Capital Partners, have invested EUR9 million in AXON Leasing and Financial, the largest non-bank-owned leasing company in Hungary. The two have pledged a further commitment of EUR6 million. Arx Equity is focused on Central and Eastern Europe, with offices in Bucharest, Budapest, Prague, and Warsaw. 3TS is similarly focused on Central and Eastern Europe. Return to Headlines "Global Launches Egypt Fund" (Africa) Al-Bawaba (02/10/08) Global Investment House has announced the launch of a fund exclusively dedicated to investments in Egypt. The Global Egypt Fund will target companies listed on the Cairo and Alexandria Stock Exchange as well as pre-IPO opportunities. Return to Headlines "Citi Venture Capital Invests $42 Million In Globe Capital Market" (Asia) VC Circle (02/11/08) Citi Venture Capital has acquired a 10-15 percent stake in broking and clearing house Globe Capital Markets of India for US$42 million. The investment was Citi Venture's third in India's broking sector, following the acquisition of a 20 percent stake in Anand Rathi Securities and a majority stake in online trading firm Sharekhan. Return to Headlines "Penta Launches Private Equity Fund of up to US$90 million" (Latin America and the Caribbean) Business News Americas (02/05/08) Chile's Empresas Penta has launched its first ever private equity fund, aiming to raise up to US$90 million by April. The Penta Private Equity Fund will focus on investment in midsize companies in Chile, Peru, and Colombia. Return to Headlines "Primus Buys 20 Percent of Eon Capital" (Asia) FinanceAsia (02/06/08) Walker, Rupert Hong Kong-based private equity firm Primus Pacific Partners has agreed to acquire a 20.2 percent stake in Malaysian bank Eon Capital for US$415 million. Eon operates 133 branches in Malaysia. The deal is expected to be completed by the end of March. Return to Headlines "Kohlberg Kravis to Invest US$250 Million in Bharti Infratel" (Asia) Bloomberg (02/06/08) Arakali, Harichandan Kohlberg Kravis Roberts & Co. has agreed to invest US$250 million in Bharti Infratel, the transmission towers unit of Bharti Airtel. The investment augments a US$1 billion commitment made in December 2007 by a consortium of investors, namely AIF Capital, Temasek Holdings, the Investment Corporation of Dubai, Goldman Sachs, Macquarie, Citigroup, and India Equity Partners. Bharti Infratel owns over 20,000 transmission towers and holds a 42 percent stake in Indus Towers, a joint venture with Vodafone and Idea that has over 70,000 transmission towers. Return to Headlines "Bahrain Fund Buys Into Turkish Airline" (Middle East) Middle East Business Intelligence (02/08) Robson, Victoria Bahrain-based Manara Investments has acquired a 21 percent stake in cargo carrier ACT Airlines of Turkey. The stake will be transferred to a US$1 billion infrastructure fund being established by Manara and U.K.-based global private equity firm 3i. ACT Airlines is based at Ataturk International Airport and operates seven cargo planes, with an additional two on order. Return to Headlines "Affinity Equity Partners Sells Stake in Himart for US$2.12 Billion" (Asia) FinanceAsia (02/05/08) Walker, Rupert Hong Kong-based private equity firm Affinity Equity Partners has sold its stake in South Korea's largest electronics retailer, Himart, to locally-based conglomerate Eugene Group for US$2.12 billion. An Affinity-led consortium acquired an 80 percent stake in Himart for what is today equivalent to US$836.8 million in April 2005. Return to Headlines "Amwal Al Khaleej Leads Consortium Investment in Zohoor Al Reef" (Middle East) Middle East Company News Wire (02/06/08) Saudi Arabia-based private equity firm Amwal Al Khaleej heads a consortium of investors that has acquired a 27 percent stake in Zohoor Al Reef, a leading Saudi retailer of high end natural skincare, body care, and haircare products. Zohoor has 70 stores in Saudi Arabia. Amwal Al Khaleej's other regional investments include Damas, Dubai Contracting Company, Egyptian Cotton Industries, and Saudi Tayyar Group. Return to Headlines "Corvest and Safika Buy Into Micros Fidelio" (Africa) allAfrica.com (01/30/08) Nyamakanga, Regis Private equity firms RMB Corvest and Safika Investments of South Africa have acquired a 49 percent stake in hospitality point-of-sale systems supplier Micros Fidelio SA, the South African unit of U.S.-listed Micros Systems, a developer of enterprise applications serving the hospitality and retail industries. The deal includes Micros Fidelio-affiliated companies Computerised Lodging Systems and Micros Specialised Solutions. The value of the transaction was not disclosed. Return to Headlines "Austrian Private Equity Firm VCP Builds Stake in Hungarian Bank FHB" (Central and Eastern Europe and Russia) Thomson Financial (02/05/08) Austria-based private equity firm Vienna Capital Partners (VCP) is awaiting approval from regulators for the acquisition of an additional stake in Hungarian mortgage bank FHB Nyrt. The deal hinges on Hungarian authorities giving VCP approval to hold over 10 percent of FHB. In December, VCP agreed to acquire an additional 9.5 percent in the bank, which when combined with a recently-completed purchase agreement for additional shares would increase VCP's stake to nearly 20 percent. Return to Headlines "U.S. Credit Crunch Is Not a Significant Factor on Private Equity in Latin America, New KPMG Poll Says" (Latin America and the Caribbean) PRNewswire (02/07/08) The 2008 Annual Latin America Private Equity Survey of 140 private equity stakeholders by audit, tax, and advisory firm KPMG finds that most Latin America private equity fund managers expect little impact from the U.S. credit crunch on investment in Latin America. "Latin America PE investors remain wary, but apparently are not overly concerned about the effect of the U.S. market, mainly because there is still good availability of funding for the small- and medium-sized deals that comprise the bulk of their portfolios, and because sub-prime debt is not a factor in the region," says Jean-Pierre Trouillot, a Miami-based partner in KPMG's Transaction Services practice. Infrastructure was listed by 69 percent of respondents as the most significant opportunity for private equity in the region. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
13 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  |