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Headlines
Industry News "DEG, FMO Invest in Vinay Cements Unit" (Asia) "EBRD to Invest in Aureos Central Asia Fund" (Central and Eastern Europe and Russia) "African Global Capital Invests in Aflease Gold" (Africa) "Darby Asia Mezzanine Fund Invests in India's Largest Coffee Conglomerate" (Asia) "Advent Backs Dufa Add-On" (Central and Eastern Europe and Russia) "DLJ South American Partners Closes US$300 Million Private Equity Fund" (Latin America and the Caribbean) "IIB Acquires Strategic Stake in Tunisian Automobile Distributor" (Africa) "KGL Investment Inks Logistics Deal With Philippines" (Asia) "Palmfund Buys LexisNexis LatAm Assets" (Latin America and the Caribbean) "Advision Media Gets US$30 Million From SAIF Partners" (Asia) "Firms Flock to the Middle East Oasis" (Middle East) "Fear of Investing in Zimbabwe Shifts to Optimism" (Africa) Events EMPEA Events Industry Events Industry News "DEG, FMO Invest in Vinay Cements Unit" (Asia) Economic Times of India (03/27/08) DEG of Germany and FMO of Holland will invest in a unit of Vinay Cements of India. The investment in Calcom Cement will fund the construction of a cement manufacturing plant in Assam. DEG also recently invested in Ahmedabad-based electric-bike and steel maker Electrotherm. Return to Headlines "EBRD to Invest in Aureos Central Asia Fund" (Central and Eastern Europe and Russia) Azerbaijan Business Center (03/30/08) The European Bank for Reconstruction and Development is set to commit US$10 million to the Aureos Central Asia Fund. About 70 percent of the fund will be invested in Kazakhstan, with the balance targeting companies in Uzbekistan, Kyrgyz Republic, Turkmenistan, Tajikistan, Azerbaijan, and Georgia. Return to Headlines "African Global Capital Invests in Aflease Gold" (Africa) Business Day (South Africa) (04/07/08) Mathews, Charlotte African Global Capital has acquired a 29 percent stake in South African gold mining and exploration company Aflease Gold. Aflease Gold is currently building a shallow gold mine east of Johannesburg and owns other undeveloped properties in South Africa as well as Namibia. African Global Capital was formed in January under a joint venture between Mvela Holdings of South Africa, Och-Ziff Capital Management Group subsidiary OZ Management, and Palladino Holdings. Return to Headlines "Darby Asia Mezzanine Fund Invests in India's Largest Coffee Conglomerate" (Asia) DailyIndia.com (04/02/08) Darby Overseas Investments, the private equity arm of Franklin Templeton Investments, has invested US$25 million in India's largest coffee conglomerate, Amalgamated Bean Coffee Trading Company. The investment was made through the US$300 million Darby Asia Mezzanine Fund II, which closed last October. Amalgamated Bean Coffee operates the largest number of coffee cafes in India, and the investment by Darby will be used to expand the brand's presence in India and parts of Europe. Return to Headlines "Advent Backs Dufa Add-On" (Central and Eastern Europe and Russia) Private Equity HUB (04/02/08) Advent International has completed a bolt-on to its Romanian decorative paints producer Dufa Deutek through the US$30 million acquisition of Romanian mortar and core adhesives maker Bengoss that will allow Dufa to expand into the construction materials sector. Advent recently backed the buyout of LaborMed Pharma, a Romanian manufacturer and distributor of generic drugs. Return to Headlines "DLJ South American Partners Closes US$300 Million Private Equity Fund" (Latin America and the Caribbean) Business Wire (04/01/08) DLJ South American Partners, a joint venture between a team of South American investment professionals and Credit Suisse’s alternative investments business, has announced the closing of a US$300 million fund targeting investments in Latin America, particularly Argentina, Brazil, and Chile. Already, the fund participated in the creation of Arcos Dorados B.V. to acquire the master franchise of McDonald’s restaurants in Latin America and the Caribbean; acquired Fispal, the largest promoter of food and beverage trade shows in Brazil; and has became the largest shareholder of EBEC, a leading educational company in Brazil. Return to Headlines "IIB Acquires Strategic Stake in Tunisian Automobile Distributor" (Africa) AME Info (UAE) (04/02/08) Bahrain-based International Investment Bank has acquired a stake in Tunisian automobile distributor ARTES for US$200 million. ARTES is the exclusive distributor for Renault, Nissan, and Dacia in Tunisia. Return to Headlines "KGL Investment Inks Logistics Deal With Philippines" (Asia) Arab Times (04/06/2008) Santiago, Michelle Fe KGL Investment Company, a unit of the Kuwait Gulf and Link Group, has signed an agreement with the Clark International Airport Corporation to set up the Port Fund to develop a mixed-use aviation-oriented logistics complex at a former U.S. military base in Pampanga, Philippines. The agreement entails an initial US$30 million investment by the fund to develop the necessary infrastructure, followed by the development of the complex, amounting to over US$1 billion in construction costs. Return to Headlines "Palmfund Buys LexisNexis LatAm Assets" (Latin America and the Caribbean) Private Equity HUB (03/31/08) U.S.-based Palmfund Management, a private equity firm that invests in Latin America, has acquired the legal, tax, and regulatory publishing operations of LexisNexis in Argentina, Chile, and Mexico for an undisclosed sum. Palmfund has offices in the Dominican Republic and Colombia. Return to Headlines "Advision Media Gets US$30 Million From SAIF Partners" (Asia) Comtex News Network (04/04/08) Hong Kong-based private equity firm SAIF Partners has invested US$30 million in Shanghai-based outdoor advertising company Advision Media Holdings. Advision currently operates about 28 outdoor digital signs in 12 major cities in China and plans to use the investment to expand into additional cities. Return to Headlines "Firms Flock to the Middle East Oasis" (Middle East) Financial News (04/03/08) Smiddy, Oliver A survey of 69 industry professionals by Private Equity News found that 69 percent of respondents who had completed deals in the Middle East over the past year planned to make additional investments in the region this year. There is currently about US$25 billion in funds under management dedicated to the region, according to Dubai-based, Gulf Cooperation Council-focused private equity firm Ithmar Capital. Return to Headlines "Fear of Investing in Zimbabwe Shifts to Optimism" (Africa) International Herald Tribune (04/03/08) Apps, Peter Investors are eyeing the election results in Zimbabwe with cautious optimism. Until now, even the most risk-hungry investors shunned the country and its economic instability under President Robert Mugabe. Russian investment bank Renaissance Capital, for one, says it saw interest from clients rising during the six weeks leading up to the polls. Renaissance acquired a stake in South African banking group Absa in 2007. Zimbabwean bank African Banking Corp, meanwhile, has announced that Citigroup will pay US$25 million for a 20 percent stake. Analysts say that investors are also enthusiastic about mobile phone operator Econet and retailer and hotel chain Meikles Africa, both listed on the Harare stock exchange. Return to Headlines
Events
EMPEA Events 10th Global Private Equity Conference 15-16 May 2008 Washington D.C. Return to Headlines Industry Events NVCA Annual Meeting 7-8 May 2008 Santa Clara, California Asian Corporate Forum 27 May 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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9 April 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  |