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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Egypt's OCI Buys Abraaj's Fertilizer Interests in Deal That Gives Abraaj Stake in OCI" (Africa) "Franklin Resources Acquires 49 Percent Stake in Vietcombank Fund Management" (Asia) "Advent International Acquires LaborMed" (Central and Eastern Europe and Russia) "Aureos Capital Launches US$400 Million Africa Fund" (Africa) "Media Firm Towona Receives US$50 Million From Baring Private Equity Asia" (Asia) "CDC Group to Launch US$150 Million Venture Capital Fund in India" (Asia) "SEDF, Omidyar, Google Plan US$17 Million Investment Fund" (Asia) "Turkish Markets Open Up" (Middle East) "Penta Investments to Acquire Majority Stake in Stream Poland" (Central and Eastern Europe and Russia) "Apollo Group Buys University in Chile" (Latin America and the Caribbean) "Blue Ridge Raises US$1.45 Billion for China Private Equity" (Asia) "TransAlta Sells Two Mexican Power Plants" (Latin America and the Caribbean) "Ex-SAP CEO Launches African Venture Fund" (Africa)
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 "Egypt's OCI Buys Abraaj's Fertilizer Interests in Deal That Gives Abraaj Stake in OCI" (Africa) Reuters (02/21/08) Wright, Jonathan Orascom Construction Industries (OCI) of Egypt has acquired the fertilizer interests of UAE's Abraaj Capital in a deal valued at US$1.59 billion. Abraaj's fertilizer investments include Egyptian Fertilisers, acquired from an Egyptian private equity firm in May 2007 for US$1.4 billion, and a 20 percent stake in Notore Chemical Industries, which owns a production plant in Nigeria. Under the terms of the deal, Abraaj will own just under 6 percent of OCI through the issue of new shares. Return to Headlines "Franklin Resources Acquires 49 Percent Stake in Vietcombank Fund Management" (Asia) RTTNews (02/19/08) Franklin Templeton Investments has acquired a 49 percent stake in Vietcombank Fund Management, a firm focused on private equity investment in Vietnam. The remaining stake remains in the hands of Vietcombank. Return to Headlines "Advent International Acquires LaborMed" (Central and Eastern Europe and Russia) Global Insight (02/20/08) Private equity firm Advent International has reportedly won a bid to acquire Romanian generic pharmaceuticals maker LaborMed for US$176.5 million. In 2006, Advent sold its majority stake in Romanian drug maker Terapia for US$324 million. Return to Headlines "Aureos Capital Launches US$400 Million Africa Fund" (Africa) AltAssets.com (02/18/08) Private equity firm Aureos Capital has launched a US$400 million fund focused on unlisted midsize companies that have pan-African growth potential. Aureos is also raising a Central Asia Fund, which has a US$100 million target, and a Latin America Fund, which is targeting US$300 million. Return to Headlines "Media Firm Towona Receives US$50 Million From Baring Private Equity Asia" (Asia) RedlineChina (02/18/08) Media firm Towona of China has received a US$50 million investment from Baring Private Equity Asia. Towona operates 80,000 LCD screens on 50,000 buses in 33 major cities in China, through which commercials and content produced in-house are broadcast. Return to Headlines "CDC Group to Launch US$150 Million Venture Capital Fund in India" (Asia) Economic Times of India (02/20/08) U.K.-based CDC Group has announced plans to launch its first venture capital fund in March. The US$150 million fund will target India's information technology, healthcare, and pharma sectors. CDC has previous exposure to the Indian market through investments in funds run by other private equity firms. Return to Headlines "SEDF, Omidyar, Google Plan US$17 Million Investment Fund" (Asia) Press Trust of India (02/20/08) Omidyar Network, the Soros Economic Development Fund, and Google.org have formed a US$17 million fund aimed at small and midsize businesses in underserved markets in India. Omidyar is a philanthropic investment firm established by the founder of eBay. The Soros Economic Development Fund is a nonprofit private foundation founded by George Soros. Google.org is the philanthropic arm of Google. Return to Headlines "Turkish Markets Open Up" (Middle East) Wall Street Journal (02/22/08) Cauchi, Marietta Turkey's drive toward privatization and the disposal of noncore assets by local conglomerates have created opportunities for private equity firms, as demonstrated by the recent acquisition of Turkey's largest food retailer, Migros Turk, by the private equity units of Citigroup and BC Partners earlier in February. Private equity firm TPG completed the first leveraged buyout in Turkey two years ago with the acquisition of a 90 percent stake in Mey Icki Sanayi ve Ticaret AS, the largest producer of raki in the nation. The demonstrated success of this investment has apparently opened the doors for other buyout firms. Return to Headlines "Penta Investments to Acquire Majority Stake in Stream Poland" (Central and Eastern Europe and Russia) PRNewswire (02/19/08) Penta Investments will acquire a majority stake in Stream Communications, Poland's seventh largest cable television operator. Penta Investments is a private equity firm with operations in the Czech Republic and Slovakia that focuses on investments in Central and Eastern Europe. Return to Headlines "Apollo Group Buys University in Chile" (Latin America and the Caribbean) Chronicle of Higher Education (02/20/08) Blumenstyk, Goldie Apollo Global, a $1 billion venture formed by Apollo Group and The Carlyle Group last October, is set to acquire the for-profit University of Arts, Sciences, and Communication in Chile for up to US$49 million, US$40 million up front and the rest after four years, depending on the school's earnings. The university, located in Santiago, is the first in Chile to offer a fully online undergraduate program. Apollo Group also owns the University of Phoenix. The acquisition is the first for Apollo Global. Return to Headlines "Blue Ridge Raises US$1.45 Billion for China Private Equity" (Asia) Reuters (02/19/08) Whiting, Dominic Private equity firm Blue Ridge China has raised a US$1.45 billion fund aimed at investments in China. The fund will focus on various sectors, including energy, retail, real estate, technology, and consumer products. Blue Ridge China has spent most of the US$300 million fund it raised in May 2006, including an investment in Xinyuan Real Estate. Return to Headlines "TransAlta Sells Two Mexican Power Plants" (Latin America and the Caribbean) Canadian Press (02/20/08) InterGen Global Ventures, a joint venture of AIG Highstar Capital II and the Ontario Teachers' Pension Plan, has acquired two Mexican power plants from TransAlta of Canada for US$304 million. InterGen has a portfolio of nine power plants throughout the world. It was acquired by the Ontario Teachers' Pension Plan and AIG Highstar Capital, a private equity fund run by AIG Global Investment Group, in 2005 from Shell Generating BV and Bechtel Enterprises Energy BV. U.S.-based private equity firm Luminus Group is TransAlta's largest shareholder. Return to Headlines "Ex-SAP CEO Launches African Venture Fund" (Africa) BusinessWeek (02/15/08) Schenker, Jennifer L. Hasso Plattner, the co-founder of German software company SAP, has announced the launching of a US$42.3 million pan-African venture capital fund with the help of MAN Ferrostaal of Germany, a provider of industrial services and a major player in the alternative energy sector. The Hasso Plattner Ventures Africa Fund will mainly target the telecom, mobile applications, media, software, renewable energy, and energy-saving technologies sectors. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
27 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  |