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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "BC Partners to Buy Turkey's Migros for US$3.2 Billion" (Middle East) "Busby Minorities Give Thumbs Up for Ethos Offer" (Africa) "CIMB Private Equity Invests in Mahmood Security" (Asia) "Lombard to Invest in Kland" (Asia) "SHUAA Acquires Stake in Orion Holding" (Middle East) "GP Investments and Grupo Eurnekian Bid for Exxon Assets in Latin America" (Latin America and the Caribbean) "Investment in Africa Starts to Pay Off" (Africa) "U.S. Private Equity Firm to Buy PdVSA's Bahamas Oil Terminal" (Latin America and the Caribbean) "AirAsia X to Sell 20 Percent Stake to Japan's Orix, Bahrain Fund" (Asia) "Banco do Brasil Investimentos and Banif Create Fund" (Latin America and the Caribbean) "Arca Capital Bohemia Buys Online Store Kasa.cz" (Central and Eastern Europe and Russia) "ADIC and UBS Join Forces to Create a MENA Infrastructure Fund" (Middle East)
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 We look forward to welcoming you to New York and continuing the terrific discussions held at the EM PE Forums in London over the last three years. Please mark your calendars and register - we'll see you there! --------------- Save the date! EMPEA will also continue its work with the International Finance Corporation's annual event. The IFC 10th Global Private Equity Conference in association with EMPEA will be held May 15-16, 2008, in Washington, DC. Registration will open in the New Year. Web Link | Return to Headlines
Industry News "BC Partners to Buy Turkey's Migros for US$3.2 Billion" (Middle East) Bloomberg (02/14/08) Sezer, Seda; Evans, Edward London-based buyout firm BC Partners (formerly Baring Capital Investors) has agreed to acquire Turkey's largest supermarket chain, Migros Turk, for about US$3.2 billion. The transaction includes the acquisition of Koc Holding's 51 percent stake in Migros for US$1.7 billion. Migros operates 961 stores in Turkey and neighboring countries. Turkey has 17 supermarkets per million people, compared to the European Union's 150. The takeover is the first by BC Partners in Turkey and the largest to date in the country, topping the acquisition of shipping company U.N. Ro-Ro Isletmeleri by Kohlberg Kravis Roberts & Co. in October for US$1.3 billion. Return to Headlines "Busby Minorities Give Thumbs Up for Ethos Offer" (Africa) Business Report--South Africa (02/12/08) Robbins, Tom Ethos Private Equity has received approval from minority shareholders to acquire a 32 percent stake in brands distributor House of Busby of South Africa for about US$166.3 million. Busby has the sole trading rights to the local Nine West and Mango chains. Ethos acquired a stake in Tiger Automotive of South Africa earlier in the year. Return to Headlines "CIMB Private Equity Invests in Mahmood Security" (Asia) Bernama News Agency (02/13/08) CIMB Private Equity has invested about US$1.9 million in security services provider Mahmood Security of Malaysia. Mahmood Security operates 26 branches nationwide. CIMB Private Equity is a unit of CIMB Group. Return to Headlines "Lombard to Invest in Kland" (Asia) Bangkok Post (02/12/08) Thapanachai, Somporn U.S.-based private equity firm Lombard Investments will acquire a nearly 20 percent stake in Thai residential property developer Krungthep Land (Kland) through the purchase of about US$19.6 million in convertible debentures. The investment will be made through the US$234 million Lombard Asia III Fund. Lombard has made 19 investments in Thailand through its Asia I and II funds, including Thai Frozen Products, Central Pattana, Somboon Advance Technology, Ticon Industrial Connection, and S&P Syndicate. Return to Headlines "SHUAA Acquires Stake in Orion Holding" (Middle East) AME Info (UAE) (02/12/08) Dubai-based SHUAA Capital and Orion Holding Overseas, a UAE-based holding company, have acquired a 20 percent stake in Dubai-based financial services firm Orion Holding and controlling stakes in five Orion Brokers subsidiaries in a transaction valued at US$52.5 million. Orion Brokers was a fully owned subsidiary of Orion Holding. Return to Headlines "GP Investments and Grupo Eurnekian Bid for Exxon Assets in Latin America" (Latin America and the Caribbean) Dow Jones Newswires (02/14/08) Benson, Drew GP Investments has reportedly made an offer for ExxonMobil's Esso assets in Latin America in association with Grupo Eurnekian of Argentina. The assets include refineries and service stations in Brazil, Argentina, Chile, Uruguay, and Paraguay. Return to Headlines "Investment in Africa Starts to Pay Off" (Africa) Fortune (02/14/08) U.S.-based private equity firm Emerging Capital Partners (ECP) has realized an average return of three times its initial investment on its stakes in African companies. Since 1999, the firm has invested in 48 companies in about 30 different countries and exited from 18. Among its most successful investments were pan-African mobile phone company CelTel and Togo-based banking group Ecobank. Return to Headlines "U.S. Private Equity Firm to Buy PdVSA's Bahamas Oil Terminal" (Latin America and the Caribbean) Associated Press (02/12/08) U.S.-based private equity firm First Reserve has agreed to acquire Bahamas Oil Refining from Petroleos de Venezuela SA (PdVSA) for an undisclosed sum. When PdVSA first confirmed its intent last November to sell the oil terminal, located in Freeport, it reportedly received a US$800 million offer. Return to Headlines "AirAsia X to Sell 20 Percent Stake to Japan's Orix, Bahrain Fund" (Asia) Agence France Presse (02/13/08) Budget carrier AirAsia X of Malaysia has agreed to sell a 20 percent stake to Orix Group of Japan and Bahrain's Perigon Capital, each of which will acquire a 10 percent share, for US$75 million. AirAsia X was launched in January 2007 and is affiliated with AirAsia and Virgin Blue. Return to Headlines "Banco do Brasil Investimentos and Banif Create Fund" (Latin America and the Caribbean) Bloomberg (02/14/08) Reis, Anabela Banco do Brasil Investimentos and Banif SGPS SA of Portugal have reportedly created a US$344 million private equity fund aimed at investments in Brazil. The fund will seek minority stakes in companies planning on selling shares on the stock market. Return to Headlines "Arca Capital Bohemia Buys Online Store Kasa.cz" (Central and Eastern Europe and Russia) CTK Business News Wire (02/15/08) Arca Capital Bohemia has acquired the Czech Republic's second largest online portal, Kasa.cz. In December, U.S. private equity firm Warburg Pincus acquired a majority stake in Centrum.cz. Warburg is currently in talks to acquire Atlas.cz as well. Arca Capital Bohemia is a unit of U.K.-based venture capital firm Arca Capital. Return to Headlines "ADIC and UBS Join Forces to Create a MENA Infrastructure Fund" (Middle East) AME Info (UAE) (02/11/08) The Abu Dhabi Investment Company and UBS Global Asset Management have formed a 50/50 venture to establish a US$500 million fund aimed at infrastructure investments in the Middle East and North Africa. The fund will focus on investments in utilities, transport, social, and energy related infrastructure works. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
20 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  |