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News From EMPEA EMPEA invites NewsWatch readers to participate in LP Interest in Emerging Markets Private Equity Survey... EMPEA and Norton Rose announce Role of Sovereign Wealth Funds in Private Equity Survey... Industry News "Abraaj Capital Acquires 40 Percent Stake in Pakistan's Bosicor" (Middle East) "ICICI Venture Buys 15 Percent Stake in Arrow Webtex" (Asia) "Romania's Anti-Trust Body Approves Sale of One Drug Maker, Two Drug Distributors to Advent" (Central and Eastern Europe and Russia) "AIG Capital Partners Exits AFM Cinemas in Turkey" (Middle East) "Carlyle Group Plans to Raise US$4 Billion Asia Fund" (Asia) "EFG Hermes Launches Horus III" (Africa) "Nexxus Capital Holds Third Closing on Third Mexican Fund" (Latin America and the Caribbean) "Citadel Joint Venture Buys Egypt Media Firm Stake" (Africa) "Skorpion Acquired by Société Générale" (Central and Eastern Europe and Russia) "Brysam Global Partners Acquires 9.9 Percent Interest in Vozrozhdenie Bank" (Central and Eastern Europe and Russia) "BNDES Approves New Environmental Fund" (Latin America and the Caribbean) "US$500 Million Equity Fund Closes" (Middle East)
News From EMPEA
EMPEA invites NewsWatch readers to participate in LP Interest in Emerging Markets Private Equity Survey... EMPEA's 2008 Survey of LP Interest in Emerging Markets Private Equity measures year-over-year changes in LP appetites for the asset class, including geographic allocation strategies, returns expectations, and drivers of interest. Last year's results are available at: www.empea.net/research/EMPEA_LPSurveyExecSum_2007.pdf To participate in the 2008 LP Survey please visit www.surveymonkey.com/s.aspx?sm=IQ8fnrIBdVu01sRgWjNKIA_3d_3d Results will be available later this spring. Web Link | Return to Headlines EMPEA and Norton Rose announce Role of Sovereign Wealth Funds in Private Equity Survey... EMPEA and Norton Rose LLP are conducting a survey on the views of GPs and LPs regarding the evolving Role of Sovereign Wealth Funds in Private Equity. To participate in this survey please visit: response.questback.com/nortonrosellp/sovereignwealthfunds/ Results will be available later this spring. Web Link | Return to Headlines
Industry News "Abraaj Capital Acquires 40 Percent Stake in Pakistan's Bosicor" (Middle East) Maktoob Business (03/03/08) Dubai-based private equity firm Abraaj Capital has acquired a 40 percent stake in both Bosicor Oil Pakistan Ltd and Bosicor Chemical Pakistan Ltd through an investment in Bosicor Group. The investment will finance the development of a petrochemical plant and refining unit and was made through Abraaj's US$2 billion Infrastructure and Growth Capital Fund, which focuses on infrastructure investments in the Middle East, North Africa, and South Asia. Return to Headlines "ICICI Venture Buys 15 Percent Stake in Arrow Webtex" (Asia) Economic Times of India (02/29/08) Private equity firm ICICI Venture has acquired a 14.9 percent stake in textile and real estate development firm Arrow Webtex of India. Though the value of the deal was not disclosed, it would be valued at about US$34 million if the current market price of the listed firm is taken as a benchmark. Return to Headlines "Romania's Anti-Trust Body Approves Sale of One Drug Maker, Two Drug Distributors to Advent" (Central and Eastern Europe and Russia) SeeNews (02/25/08) Romania's anti-trust regulator has approved Advent International's acquisition of local drug maker LaoborMed Pharma and drug distributors LaborMed Pharma Trading and Coral International Trade. The acquisition was made through Eurogenerics, a new Romanian venture formed by Advent. Return to Headlines "AIG Capital Partners Exits AFM Cinemas in Turkey" (Middle East) PRNewswire (02/29/08) AIG Capital Partners has sold its 51.91 percent stake in AFM Cinemas of Turkey to A1 Group Limited, the main investment unit of the Alfa Group Consortium. AFM Cinemas, Turkey's largest cinema chain, operates 32 theaters and 183 screens in 12 cities. Return to Headlines "Carlyle Group Plans to Raise US$4 Billion Asia Fund" (Asia) Bloomberg (02/27/08) Moullakis, Joyce The Carlyle Group reportedly plans to raise up to US$4 billion for investments in Asian companies outside of Japan through its new Carlyle Asia Partners III, which expects to complete fundraising by mid-year. Among the countries the fund will focus on are China and India. According to Asian Venture Capital Journal, private equity deals in Asia increased by 40 percent to a record US$87.8 billion last year. The economies of emerging Asian markets are expected to increase by an average of 8.6 percent this year, compared to the 1.5 percent growth expected in the United States, based on estimates from the International Monetary Fund. Return to Headlines "EFG Hermes Launches Horus III" (Africa) AME Info (UAE) (03/02/08) Egypt-based EFG Hermes Private Equity has launched its US$555 million Horus III Fund aimed at investments in Egypt and North Africa. Horus I, launched 10 years ago, raised US$54 million. Horus II closed with US$155 million in committed capital. Return to Headlines "Nexxus Capital Holds Third Closing on Third Mexican Fund" (Latin America and the Caribbean) AltAssets.com (02/26/08) Mexico-based private equity firm Nexxus Capital has held the third closing on its Nexxus III fund with US$142 million in committed capital. Nexxus III has a target of US$250 million and will continue its marketing until next April. The fund made its first investment in November, acquiring a stake in Mexican nonbanking financial firm Credito Real. Investors in the fund include DEG and CDC Group. Nexxus Capital was launched in 1995 and focuses on midsize family-owned companies in Mexico. Return to Headlines "Citadel Joint Venture Buys Egypt Media Firm Stake" (Africa) Reuters (02/25/08) Egypt-based private equity firm Citadel Capital and Al Kateb Publishing Company have, through a joint venture, acquired a 61 percent stake in Egyptian Company for Marketing and Distribution, which owns the financial daily newspaper Al Mal, for an undisclosed sum. Egyptian Company for Marketing and Distribution's other investors include EFG-Hermes, which owns a 7 percent stake. Return to Headlines "Skorpion Acquired by Société Générale" (Central and Eastern Europe and Russia) Polish News Bulletin (02/26/08) P. 12; Biznesu, Puls Société Générale Asset Management has acquired Skorpion, a leading Polish security services provider, for an undisclosed amount. The acquisition was made through Société's Eastern Europe Private Equity Fund. Return to Headlines "Brysam Global Partners Acquires 9.9 Percent Interest in Vozrozhdenie Bank" (Central and Eastern Europe and Russia) Business Wire (02/21/08) U.S.-based private equity firm Brysam Global Partners has acquired a 9.9 percent stake in Vozrozhdenie Bank of Russia for an undisclosed amount. Vozrozhdenie operates 169 offices and 550 ATMs in 20 regions in Russia. Brysam Global Partners focuses on the consumer financial services sector of emerging markets and currently has investments in Mexico and India. Return to Headlines "BNDES Approves New Environmental Fund" (Latin America and the Caribbean) Business News Americas (02/26/08) Brazil's national development bank, BNDES, has approved a new fund exclusively devoted to Brazilian environmental projects that comply with the Kyoto protocol. Fundo Brasil Sustentabilidade will receive an initial investment of US$59 million from BNDESpar, the private equity arm of BNDES. The fund will be managed by investment company Latour Capital do Brasil. Return to Headlines "US$500 Million Equity Fund Closes" (Middle East) Emirates Business 24/7 (02/28/08) Sergie, Mohammed Aly NBD Sana Capital has closed a Shariah-compliant private equity fund with US$500 million in committed capital. NBD Sana Capital is a unit of the National Bank of Dubai. Its investments will be regionally focused. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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5 March 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  |