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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 "Emerging Capital Partners Invests US$20 Million in Cellcom" (Africa) "Global and Millennium Capital of Dubai Islamic Bank to Launch US$500 Million Shari'a-Compliant Buyout Fund" (Middle East) "AIG Picks Up 14 Percent Stake in Kinetic Engineering" (Asia) "Salford-owned Borjomi Group Buys Edelweiss" (Central and Eastern Europe and Russia) "Morgan Stanley to Buy up to 15 Percent of Taiwan's E.Sun" (Asia) "Brazil Buyouts on the Menu at Carlyle" (Latin America and the Caribbean) "Abu Dhabi Group Buys Georgian Bank" (Central and Eastern Europe and Russia) "Arzaq Buys 51 Percent Stake in Three Shipping Industry Companies" (Middle East) "Cerberus Buys 69 Percent of Czech Stretch Films Producer" (Central and Eastern Europe and Russia) "HSBC Raises More Than US$1 Billion Asia Buyout Fund" (Asia) "Unicorn Global Private Equity Fund Acquires 55 Percent of Bahraini Engineered Services Firm" (Middle East) "StanChart, U.S. Banks Buys Into Chinese Copper Firm" (Asia)
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 "Emerging Capital Partners Invests US$20 Million in Cellcom" (Africa) PRNewswire (03/03/08) Private equity firm Emerging Capital Partners (ECP) has invested US$20 million in Cellcom Telecommunications Limited, a mobile telecommunications company with operations in West Africa. The funds will be used to extend Cellcom's reach into Guinea and Sierra Leone and to expand its presence in Liberia. The investment was made through the US$523 million ECP Africa Fund II and is ECP's seventh in Africa's mobile telecom sector. Return to Headlines "Global and Millennium Capital of Dubai Islamic Bank to Launch US$500 Million Shari'a-Compliant Buyout Fund" (Middle East) AME Info (UAE) (03/03/08) Kuwait-based Global Investment House, Dubai Islamic Bank (DIB), and Millennium Capital, a wholly owned investment bank of DIB, have announced the signing of a Memorandum of Understanding to launch the Global DIB Millennium Islamic Buyout Fund, a private equity fund targeting US$500 million in committed capital. The fund will focus on buyouts in the Middle East, North Africa, and South Asia, concentrating particularly on companies located in the GCC, Turkey, Egypt, Jordan, Lebanon, Tunisia, and Morocco. Return to Headlines "AIG Picks Up 14 Percent Stake in Kinetic Engineering" (Asia) Business Standard (India) (03/03/08) AIG has acquired a 14.5 percent stake in auto components company Kinetic Engineering of India. Other investors in Kinetic include Reliance Capital and Clearwater Capital Partners. Return to Headlines "Salford-owned Borjomi Group Buys Edelweiss" (Central and Eastern Europe and Russia) just-drinks.com (03/05/08) Holding company Borjomi Group, owned by private equity firm Salford Capital Partners, has acquired Russian mineral water company Edelweiss L from Gazprom. Edelweiss L owns the Lipetskaya and Edel Aqua water brands. Borjomi controls about 25 percent of the Ukrainian mineral water market and 60 percent of the market in Georgia through various acquisitions. Salford Capital is focused on investments in Central and Eastern Europe and countries comprising the former Soviet Union. Return to Headlines "Morgan Stanley to Buy up to 15 Percent of Taiwan's E.Sun" (Asia) China Post (Taiwan) (03/06/08) Morgan Stanley Private Equity Asia will reportedly acquire up to a 15 percent stake in E.Sun Financial of Taiwan for up to US$300 million. The acquisition will likely include a 6.28 percent stake being sold by Singapore state investment firm Temasek. Return to Headlines "Brazil Buyouts on the Menu at Carlyle" (Latin America and the Caribbean) LAVCA Reporter (03/01/08) Vol. 6, No. 2, The Carlyle Group is raising a US$700 million Latin America buyout fund that will focus primarily on investments in Brazil but may also pursue deals in other regional countries. Carlyle already has a US$134 million Mexico fund which has completed four acquisitions and one exit since 2004. Return to Headlines "Abu Dhabi Group Buys Georgian Bank" (Central and Eastern Europe and Russia) Economic Times of India (03/09/08) KOR Bank, a new commercial bank in Georgia, has acquired Georgian Standard Bank from private equity firm Salford Capital Partners for an undisclosed sum. KOR is wholly owned by the Abu Dhabi Group, which announced in February that it planned to invest hundreds of millions of dollars in Georgia's telecommunications, banking, tourism, and real estate sectors. Return to Headlines "Arzaq Buys 51 Percent Stake in Three Shipping Industry Companies" (Middle East) MENAFN.com (03/04/08) Dubai-based private equity firm Arzaq Holdings has acquired a 51 percent stake in regional companies Seaspray Marine Engineering & Services, Gulf Marinas, and International Houseboats. The companies specialize in the construction and repair of aluminum ships. Return to Headlines "Cerberus Buys 69 Percent of Czech Stretch Films Producer" (Central and Eastern Europe and Russia) Plasteurope (03/07/08) U.S.-based private equity firm Cerberus has acquired a 69 percent stake in stretch film maker Rolofol of the Czech Republic for an undisclosed amount. Rolofol also has operations in Slovakia. Return to Headlines "HSBC Raises More Than US$1 Billion Asia Buyout Fund" (Asia) Reuters (03/05/08) Flaherty, Michael U.K.-based HSBC has reportedly raised more than US$1 billion for its latest Asian private equity fund. HSBC's previous Asia-dedicated fund closed with US$700 million in committed capital in 2004, investing in Nera Electronics of Singapore among others. Return to Headlines "Unicorn Global Private Equity Fund Acquires 55 Percent of Bahraini Engineered Services Firm" (Middle East) AME Info (UAE) (03/03/08) Unicorn Investment Bank of Bahrain has acquired a 55 percent stake in Bahrain-based engineered services firm Gulf Strategic Partners (GSP) through Unicorn Global Private Equity Fund I. GSP has operations throughout the GCC and India, specializing in cleaning services for petrochemical, oil and gas, and process facilities. Unicorn Global Private Equity Fund I closed in October 2007 with US$86.4 in committed capital. Its other regional investments include Orimix Concrete Products of the UAE and Al Assriya Industries Holding Company in Kuwait. Return to Headlines "StanChart, U.S. Banks Buys Into Chinese Copper Firm" (Asia) Reuters (03/04/08) Standard Chartered Private Equity, Goldman Sachs, and Lehman Brothers will jointly invest US$90 million in Chinese copper tube maker China Golden Dragon Precise Copper Tube Group. As lead investor, Standard Chartered Private Equity, a unit of Standard Chartered, will invest US$50 million. China Golden Dragon is China's leading exporter of copper tubes for air conditioners. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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12 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  |