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Headlines
Industry News "GP's San Antonio Purchases SOTEP for US$112 Million" (Latin America and the Caribbean) "Emerging Capital Partners Acquires Controlling Interest in North African Banking Group" (Africa) "Kuwait's GIC and Global to Take 32.95 Percent Stake in Alumco" (Middle East) "AIG Brazil Special Situations Fund II Closes With US$692 Million" (Latin America and the Caribbean) "Millennium Private Equity Holds First Close on Global Funds" (Middle East) "Mercatto Raising US$300 Million Private Equity Fund" (Latin America and the Caribbean) "Aurora Russia Buys Volzhski Universalny Bank" (Central and Eastern Europe and Russia) "UTI Ventures Exits Excelsoft, Earns 50 Times Its Investment" (Asia) "Rio Bravo Investimentos Buys 24 Percent of Fleet One" (Latin America and the Caribbean) "Mid Europa Buys Third Polish Clinic Chain" (Central and Eastern Europe and Russia) "Indochina Capital Buys Into Local Shipper" (Asia) "Polish Fund MCI Buys Tourism Server Invia.cz" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "GP's San Antonio Purchases SOTEP for US$112 Million" (Latin America and the Caribbean) Business News Americas (04/18/08) Brazil-based private equity firm GP Investments has acquired 100 percent of Brazilian drilling company Sociedade Técnica de Perfuração S.A. (SOTEP) for US$112 million. The acquisition was made through GP subsidiary San Antonio Global, Latin America's largest onshore oil drilling, exploration, and production services company. San Antonio was formed in 2007 after GP acquired the Latin American onshore operations of Pride International. SOTEP is Brazil's largest onshore drilling service provider, operating 29 rigs, with nine more planned by year's end. Return to Headlines "Emerging Capital Partners Acquires Controlling Interest in North African Banking Group" (Africa) PRNewswire (04/21/08) Africa-focused private equity firm Emerging Capital Partners (ECP) has acquired a controlling stake in BACIM Bank, Mauritania's seventh largest banking group, for US$15.9 million. The acquisition was made through the US$150 million ECP MENA Growth Fund, which was established last year. ECP currently holds stakes in five African financial services companies, including Continental Reinsurance Plc, Nigeria's largest reinsurance company; African Financial Holdings, a banking group with eight subsidiaries across Africa operating under the Bank of Africa brand name; and Intercontinental Bank Plc, the second largest banking group in Nigeria. ECP last year sold its stake in Ecobank Transnational Incorporated, one of the largest regional banking groups in sub-Saharan Africa, generating threefold the initial investment. Return to Headlines "Kuwait's GIC and Global to Take 32.95 Percent Stake in Alumco" (Middle East) Trading Markets (04/27/08) Kuwait's Gulf Investment Corporation (GIC) and Global Investment House have collectively acquired a 32.95 percent stake in leading UAE aluminum and glass facade company Alumco. GIC's 24.46 percent stake acquisition was made through its wholly-owned subsidiary Bitumat Company Limited of Saudi Arabia. Global Investment House's acquisition of an 8.49 percent stake brings its total stake in Alumco to 29.70 percent. Return to Headlines "AIG Brazil Special Situations Fund II Closes With US$692 Million" (Latin America and the Caribbean) AltAssets.com (04/22/08) AIG Capital Partners has closed its Brazil Special Situations Fund (BSSF) II with US$692 million in committed capital. The fund will focus primarily on investments in Brazil but will also seek opportunities in Mexico, Colombia, and other regional countries. BSSF II has already invested a total of US$112.5 million in Providência, a Brazilian manufacturer of non-woven fabrics; Falcon Farms, a distributor of fresh-cut flowers with production facilities in Colombia, Ecuador, and Mexico; and Calyx Agro, a venture designed to take advantage of farmland trading and management opportunities in Latin America. BSSF I raised US$215 million. Return to Headlines "Millennium Private Equity Holds First Close on Global Funds" (Middle East) FINalternatives.com (04/22/08) Millennium Private Equity has held the first closing of two Shariah-compliant funds. The Global Energy Fund, which has raised US$200 million, and the Telecoms, Media & Technology Fund, which has raised US$150 million, will primarily target investments in the Middle East and Islamic Asia. Both funds are targeting US$1 billion. Dubai-based Millennium Private Equity is a subsidiary of Millennium Finance Corp. Return to Headlines "Mercatto Raising US$300 Million Private Equity Fund" (Latin America and the Caribbean) Gazeta Mercantil Online (04/23/08) Rosa, Silvia Brazil-based fund manager Mercatto Investimentos is raising a US$300 million private equity fund dedicated to Latin America's renewable energy sector in association with U.K.-based EEA Fund Management. The Tagus Clean Energy Fund will focus on investments in Brazil but could invest up to 25 percent of its capital in other Latin American countries. Return to Headlines "Aurora Russia Buys Volzhski Universalny Bank" (Central and Eastern Europe and Russia) Hemscott Online (04/21/08) London Stock Exchange-listed investment company Aurora Russia has acquired 100 percent of Russian retail bank Volzhski Universalny Bank. The investment was made through Aurora's Cyprus-based holding company, Flexinvest Limited. Aurora Russia focuses on equity investments in small and midsize private companies in Russia. Its other investments include OSG Records Management Group, one of the largest records management companies in Russia, Kazakhstan, and Ukraine; UNIStream Bank, a leading Russian international money transfer company; and Russian retailer SuperStroy. Return to Headlines "UTI Ventures Exits Excelsoft, Earns 50 Times Its Investment" (Asia) Economic Times of India (04/24/08) Monga, Deepshikha; Chakravarty, Chaitali India-based private equity firm UTI Ventures has sold its 35.5 percent stake in Mysore-based e-learning company Excelsoft Technologies to hedge fund DE Shaw for about US$31 million, a 50-fold return on UTI's 2001 investment. The transaction represents one of the biggest exits by a private equity firm in India to date. Private equity firms and other investors continue to show interest in India's education sector. Last year, Gaja Capital Partners invested US$8.25 million in education support firm Career Launcher, Helix Investments invested US$12 million in tutorial company Mahesh Tutorials Educare, and SAIF Partners invested US$10 million in English training academy Veta. Return to Headlines "Rio Bravo Investimentos Buys 24 Percent of Fleet One" (Latin America and the Caribbean) Gazeta Mercantil Online (04/23/08) Brazil-based venture capital funds manager Rio Bravo Investimentos has acquired a 24 percent stake in Fleet One Gestao de Frotas, a Brazil-based manager of truck fleets. The value of the transaction was not disclosed. Return to Headlines "Mid Europa Buys Third Polish Clinic Chain" (Central and Eastern Europe and Russia) Reuters (04/25/08) Private equity firm Mid Europa Partners has acquired Polish medical clinic chain LIM Centrum Medyczne. Though the value of the transaction was not revealed, Polish business daily Parkiet estimated it at about US$110 million. Mid Europa also owns Polish private healthcare providers Lux Med and Medycyna Rodzinna. Return to Headlines "Indochina Capital Buys Into Local Shipper" (Asia) ThanhNien News (04/26/08) U.K.-based Indochina Capital has invested US$25 million in leading Vietnamese private shipping company International Transportation and Trading Joint-Stock Company. Indochina Capital focuses on investments in Vietnam as well as companies based outside of Vietnam that have operations in Vietnam. Return to Headlines "Polish Fund MCI Buys Tourism Server Invia.cz" (Central and Eastern Europe and Russia) CTK - Czech News Agency (04/24/08) Poland-based venture capital firm MCI Management will acquire a 50.1 percent stake in the Czech Republic's largest online vendor of tourist package tours, Invia.cz, for about US$4.6 million. Invia.cz accounts for about a third of the Czech Internet tourism market. MCI Management is focused on the high-tech sectors of Poland, Czech Republic, and Slovakia. 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 Private Equity World Latin America 2008 4-6 June 2008 Miami, Florida Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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30 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  |