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Headlines
Industry News "TPG's SIA Investment Marks Shift in Strategy" (Central and Eastern Europe and Russia) "Private Equity Looks to New Markets: JPMorgan" (Industry News) "Malaysia's Navis Plans New US$2 Billion Fund" (Asia) "OPIC Ready With US$1 Billion for Latin American Capital Markets" (Latin America and the Caribbean) "Swicorp-owned CER Buys Stake in Pakistan Plant" (Middle East) "Henderson Invests US$25 Million in India Agrochem Firm" (Asia) "IDFC PE Invests US$10 Million in EVI" (Asia) "Ethos Buyout of Busby Gets Tribunal Go-Ahead" (Africa) "Compass Launches New Fund" (Latin America and the Caribbean) "OIC Picks Up 30 Percent Stake in Gulf International Pipe Industries" (Middle East) "East Capital Fund to Buy 20 Percent of Russia's FIA Bank" (Central and Eastern Europe and Russia) "Intel Capital Announces New US$500 Million China Technology Fund II" (Asia) "Mezzanine Management Central Europe Raises EUR261 Million for Second Fund" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "TPG's SIA Investment Marks Shift in Strategy" (Central and Eastern Europe and Russia) Globe and Mail (CAN) (04/08/08) P. B11; Cimilluca, Dana U.S. buyout firm TPG Capital has announced that it will acquire a 50 percent stake in Russia's largest pharmaceutical distributor, SIA International, from SIA founder Igor Rudinsky for US$800 million, reportedly the biggest private equity investment in Russia to date. TPG will pay cash for the stake instead of borrowing money for it, reflecting the impact of the credit crunch. The deal highlights private equity's growing focus on emerging markets as funds search for companies with strong growth potential. Return to Headlines "Private Equity Looks to New Markets: JPMorgan" (Industry News) Reuters (04/08/08) Dmitracova, Olesya Speaking at the recent Reuters Hedge Funds and Private Equity Summit in London, Karen Simon, head of financial sponsors for Europe, Middle East, Africa, and Asia at JPMorgan Chase & Co, said that investors are looking to emerging markets as demand for leveraged loan debt slows in Europe and the United States. "People are taking this time to look more into new geographies," said Simon, noting TPG Capital's recent acquisition of a 50 percent stake in Russian pharmaceutical distributor SIA International and BC Partners' agreement to acquire a 50.8 percent stake in Turkish retailer Migros. According to EMPEA, emerging market private equity funds raised a record US$59 billion in new capital in 2007, a 78 percent increase from 2006. Return to Headlines "Malaysia's Navis Plans New US$2 Billion Fund" (Asia) Reuters (04/09/08) Lim, Kevin; Ahmed, Sahar Malaysia-based private equity firm Navis Capital Partners plans to launch a new fund this year, with the goal of raising about US$2 billion in committed capital. Navis 6 will target small and midsize companies in South and Southeast Asia, particularly in consumer-related sectors like fast food, fitness, and branded auto lubricants. Navis Capital's other regional investments include majority stakes in fast food companies KFC in Hong Kong, Nirula's in India, and Dunkin Donuts in Thailand. Return to Headlines "OPIC Ready With US$1 Billion for Latin American Capital Markets" (Latin America and the Caribbean) Business News Americas (04/08/08) The U.S. Overseas Private Investment Corp. has announced that it will provide financing to new private equity funds focused on Latin American capital markets. OPIC has already called for proposals to manage a fund of funds that could have up to US$1 billion in committed capital. Return to Headlines "Swicorp-owned CER Buys Stake in Pakistan Plant" (Middle East) Emirates Business 24/7 (UAE) (04/08/08) Creative Energy Resources Corp. (CER), owned by Swicorp Joussour of Saudi Arabia, has acquired a "strategic" stake in the Uch gas-fired power plant in Pakistan from an affiliate of GE Energy Financial Services. CER's focus is building, acquiring, owning, and operating power generation, transmission, and distribution facilities in the Middle East, North Africa, and South Asia. Return to Headlines "Henderson Invests US$25 Million in India Agrochem Firm" (Asia) Reuters (03/31/08) Henderson Equity Partners, the private equity arm of Henderson Global Investors, has invested US$21.5 million in Mumbai-based agrochemical company Sharda Worldwide Exports. Sharda markets its products in 50 nations. Henderson hopes to expand the brand in China, the United States, and Europe. Return to Headlines "IDFC PE Invests US$10 Million in EVI" (Asia) Business Standard (India) (04/07/08) IDFC Private Equity has invested US$10 million in Indian carbon credit advisory firm Emergent Ventures India. The investment was made through IDFC Private Equity Fund II. Return to Headlines "Ethos Buyout of Busby Gets Tribunal Go-Ahead" (Africa) Business Day (South Africa) (04/08/08) Mawson, Nicola South African-based Ethos Private Equity has been given approval by South Africa's Competition Tribunal to acquire apparel and accessories retailer The House of Busby. The acquisition will be made through Ethos' Fund V. Return to Headlines "Compass Launches New Fund" (Latin America and the Caribbean) LAVCA Reporter (04/01/08) Peru-based investment fund manager Compass Group SAFI has launched the US$55 million COMPASS Fondo de Inversión de Capital Privado I. The fund will target large and midsize unlisted companies in Peru. Return to Headlines "OIC Picks Up 30 Percent Stake in Gulf International Pipe Industries" (Middle East) Times of Oman (04/12/08) Private equity firm Oman Investment Corp. has acquired a 30 percent stake in Gulf International Pipe Industries (GIPI) of Oman for US$30 million. Set to begin commercial production by the second half of 2009, GIPI is expected to produce 250,000 tonnes of line and casing pipes annually. Return to Headlines "East Capital Fund to Buy 20 Percent of Russia's FIA Bank" (Central and Eastern Europe and Russia) Prime-Tass Business Newswire (04/07/08) The EUR500 million East Capital Explorer Financial Institutions Fund managed by Swedish investment group East Capital has reached an agreement to acquire a 19.99 percent stake in Russia's FIA Bank for EUR15.5 million. FIA Bank operates 16 offices in Russia's Samara Region. The East Capital fund currently holds stakes in six banks in Russia: Probusiness Bank, Sberbank, Locko Bank, Kolyma Bank, Bank Kedr, and Asian Pacific Bank. Return to Headlines "Intel Capital Announces New US$500 Million China Technology Fund II" (Asia) Business Wire (04/08/08) Intel Capital, the private equity arm of Intel Corp., has announced its new US$500 million Intel Capital China Technology Fund II, which will focus on China's wireless broadband, technology, media, telecommunications, and cleantech sectors. The fund has already invested in Holdfast Online Technology, provider of a platform that allows gamers to play against each other in a wide-area network, and Newauto Video Technology, a manufacturer and vendor of technology aimed at television stations. The US$200 million Intel Capital China Technology Fund I, established in 2005, is fully invested in about 30 companies. Return to Headlines "Mezzanine Management Central Europe Raises EUR261 Million for Second Fund" (Central and Eastern Europe and Russia) Thomson Financial News Super Focus (04/11/08) U.K.-based investment manager Mezzanine Management Central Europe has announced the final closing of Accession Mezzanine Capital II (AMC II), with EUR261 million in committed capital. AMC II will focus on midsize companies in E.U. accession countries in Eastern and Central Europe as well as Ukraine and Russia. The fund has already invested in Hungarian-based healthcare service provider Euromedic International, majority owned by Warburg Pincus, and Polish healthcare providers LuxMed and Medycyna Rodzinna. The EUR115 million AMC I closed in 2003. 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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16 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  |