To view this online go to:
http://www.infoinc.com/EMPEA/042308.html
Blackberry users please scroll down for story text.
 |
|
| | Home | About EMPEA | Become a Member | Contact Us | | |
Headlines
Industry News "Advent Raises EUR1 Billion for New CEE Fund" (Central and Eastern Europe and Russia) "ADB to Promote Clean Energy Through PE Funds" (Industry News) "GP Investments Announces Agreement to Acquire Brazilian Milk Company" (Latin America and the Caribbean) "Mobius in Talks for Iraq Private Equity Investment" (Middle East) "EBRD Will Invest in Russian WiMax" (Central and Eastern Europe and Russia) "DIC and China Firm Set Up US$1 Billion Fund" (Asia) "Medu Capital Launches US$107 Million Private Equity Fund" (Africa) "Asian Tiger to Raise US$100-200 Million for Bangladesh Fund" (Asia) "DIC Buys Stake in Hutchison Port" (Africa) "CVC Capital Asia Pacific Fund Raises US$4.1 Billion" (Asia) "Amwal to Launch Third Fund" (Africa) "3i Raises US$1.2 Billion for India Infrastructure Fund" (Asia) Events EMPEA Events Industry Events Industry News "Advent Raises EUR1 Billion for New CEE Fund" (Central and Eastern Europe and Russia) Financial Times (04/17/08) Arnold, Martin Advent International has raised EUR1 billion for a new Central and Eastern European fund, ACEE IV. Among the fund's investors are the European Bank for Reconstruction and Development and AlpInvest Partners, a Dutch private equity fund of funds. Advent has offices in Warsaw, Prague, Bucharest, and Kiev. Since raising its first fund focused on Central and Eastern Europe in 1994, the U.S.-based private equity firm has invested in 35 regional companies, including Bulgarian Telecommunications Company, which was sold last year to AIG for EUR1.6 billion, a regional record. Return to Headlines "ADB to Promote Clean Energy Through PE Funds" (Industry News) Business Standard (India) (04/18/08) MAP Clean Energy Fund, China Environment Fund III, GEF South Asia Clean Energy Fund, Asia Clean Energy Fund, and China Clean Energy Capital will each receive US$20 million from the Asian Development Bank to develop clean energy projects in Asia. The GEF South Asia Clean Energy Fund is jointly sponsored by U.S.-based Global Environment Fund (GEF) and India's Yes Bank and has a target size of US$200 million. GEF in February completed fund raising for its US$325 million Global Environment Emerging Markets Fund III. The fund is targeting companies in the clean energy, sustained natural resource management, healthcare, and environmental services sectors of emerging markets like China, India, Latin America, Eastern Europe, and Turkey. Return to Headlines "GP Investments Announces Agreement to Acquire Brazilian Milk Company" (Latin America and the Caribbean) Bloomberg (04/14/08) Lima, Joao Brazilian private equity firm GP Investments has signed an agreement to acquire 100 percent of Leitbom, a leading dairy company in Brazil, for about US$185 million. The acquisition will be made through GP Capital Partners IV. Return to Headlines "Mobius in Talks for Iraq Private Equity Investment" (Middle East) Reuters (04/18/08) Tong, Sebastian Emerging markets fund manager Mark Mobius of Templeton Asset Management says talks are being held for a private equity fund dedicated to investments in Iraq. Mobius says that smaller companies in Iraq's manufacturing, services, and food sectors could be targeted. Templeton would be one of the first private equity investors to target Iraq since the U.S. invasion in 2003 should plans proceed. Return to Headlines "EBRD Will Invest in Russian WiMax" (Central and Eastern Europe and Russia) Kommersant (Russia) (04/11/08) The European Bank for Reconstruction and Development will invest US$15 million in Russian Wi-Fi and WiMAX provider Tascom. The investment, made through the Norum venture fund, will be used to build a wireless network and acquire small regional wireless service providers so that Tascom can expand its presence in Russia. Norum has invested about US$80 million in Russian companies since 1996 and plans to invest US$200 million more. Return to Headlines "DIC and China Firm Set Up US$1 Billion Fund" (Asia) Emirates Business 24/7 (UAE) (04/14/08) Dubai International Capital and Hong Kong-based private equity firm First Eastern Investment Group have launched the China Dubai Capital Fund with the goal of raising US$1 billion. The new fund will focus on Chinese companies that have the potential to expand their business to the Middle East in sectors such as infrastructure, natural resources, and healthcare. Return to Headlines "Medu Capital Launches US$107 Million Private Equity Fund" (Africa) Engineering News (South Africa) (04/15/08) South Africa-based private equity firm Medu Capital has launched the US$107 million Medu Capital Fund II. The fund has already acquired stakes in Elite Truck Hire and Copper Tubing Africa. Though focused on South Africa, Medu Capital Fund II will also consider investments in companies in the rest of Africa. The US$31 million Medu Capital Fund I, launched in 2003, has made investments in eight companies. Return to Headlines "Asian Tiger to Raise US$100-200 Million for Bangladesh Fund" (Asia) Daily Star (Bangladesh) (04/17/08) U.K.-based Asian Tiger Capital Partners will launch a US$100-200 million private equity fund aimed at investments in Bangladesh. The general investment fund, the company says, will be followed by a stock market equity fund and an infrastructure fund. Return to Headlines "DIC Buys Stake in Hutchison Port" (Africa) Emirates Business 24/7 (UAE) (04/17/08) Through its US$500 million MENA Infrastructure Fund, Dubai International Capital (DIC) has acquired a minority stake in Alexandria International Container Terminals of Egypt, part of Hutchison Port Holdings' global network of container terminals. The MENA Infrastructure Fund was established by DIC, the Dubai government's global investment arm, in association with HSBC Bank Middle East and Waha Capital. Return to Headlines "CVC Capital Asia Pacific Fund Raises US$4.1 Billion" (Asia) CNNMoney (04/17/08) CVC Capital Partners has raised US$4.1 billion for its Capital Partners Asia Pacific III LP Fund, which will focus on established companies in China, South Korea, Singapore, and other regional nations. CVC's current portfolio includes China's largest beverage packing company, Zhuhai Zhongfu, and Plantation Timber Products, a Chinese manufacturer of wood fiberboards and laminated flooring. Its first Asia Pacific fund, launched in 2000, raised US$750 million, while its second fund, now 80 percent invested, closed in April 2005 with US$1.97 billion. Return to Headlines "Amwal to Launch Third Fund" (Africa) Reuters (04/15/08) Saudi Arabia-based private equity firm Amwal AlKhaleej plans to raise at least US$350 million for the Amwal III Fund, to be launched in late summer. The fund will invest up to 30 percent of its committed capital in Egypt, where Amwal AlKhaleej already owns stakes in Arabia Cotton Ginning and Contact Car Trading. The fund will also target opportunities in Algeria. Return to Headlines "3i Raises US$1.2 Billion for India Infrastructure Fund" (Asia) Thomson Financial (04/16/08) U.K.-based private equity firm 3i Group has raised US$1.2 billion for an Indian infrastructure fund, 20 percent more than originally targeted. 3i India Infrastructure Fund will focus on India's power, ports, airports, and road sectors. The fund has already made a US$227 million investment in Adani Power, which is developing a portfolio of power plants across India, and a US$101 million investment in infrastructure developer Soma Enterprise. Return to Headlines
Events
EMPEA Events 10th Global Private Equity Conference 15-16 May 2008 Washington D.C. Return to Headlines Industry Events The PEI Islamic Alternative Assets Forum 20-21 May 2008 London Asian Corporate Forum 27 May 2008 Hong Kong Private Equity - Romania 27 May 2008 Bucharest Super Return U.S. 2-4 June 2008 Boca Raton, Florida Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
|
23 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  |