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Headlines
Industry News "Warburg Pincus to Invest US$75 Million in India's Unique Affordable Homes" (Asia) "Brait Invests in Primedia" (Africa) "Berger Paints India Acquires Poland's Bolix From Advent" (Central and Eastern Europe and Russia) "Benpres Sells Stake in Medical City" (Asia) "National Logistics of Russia Is Bought" (Central and Eastern Europe and Russia) "EBRD to Invest in Kazakh Private Equity Fund" (Central and Eastern Europe and Russia) "Ithmar Capital Invests in Qatar's Panceltica" (Middle East) "First Reserve, Vopak Complete BORCO Oil Storage Terminal Takeover" (Latin America and the Caribbean) "Goldman's Fang Makes First Private Equity Investment" (Asia) "Tribecapital Partners Invests US$25 Million in PetroLatina" (Latin America and the Caribbean) "BankInvest Acquires Stake in Hoa Phat Group of Vietnam" (Asia) "Millennium Global to Launch Africa Fund" (Africa) Events EMPEA Events Industry Events Industry News "Warburg Pincus to Invest US$75 Million in India's Unique Affordable Homes" (Asia) Business Standard (India) (04/29/08) Warburg Pincus has invested US$75 million in Unique Affordable Homes, a builder of affordable housing projects in Northern and Western India. Warburg has invested a total of more than US$2 billion in India. Previous investments include Ambuja Cement, Lemon Tree Hotels, Moser Baer, and HDFC. Return to Headlines "Brait Invests in Primedia" (Africa) Brait News Release (05/05/08) South Africa-based private equity firm Brait has acquired a minority stake in Primedia Limited, South Africa's leading diversified media group. The acquisition was made through Brait Fund IV. Return to Headlines "Berger Paints India Acquires Poland's Bolix From Advent" (Central and Eastern Europe and Russia) Thomson Financial (04/29/08) Advent International has sold Poland-based Bolix to Berger Paints India for US$38.6 million. Bolix is a provider of external insulation finishing systems and a manufacturer of dry plaster mixes and acrylic colors. The transaction is subject to approval by the Polish Anti-Monopoly Office. Return to Headlines "Benpres Sells Stake in Medical City" (Asia) ABS-CBN.com (05/01/2008) Lombard Investments has acquired an 18 percent stake in Professional Services, owner and operator of the Medical City hospital in Ortigas City, Philippines, for about US$14 million from Benpres Holdings. The acquisition was made through Lombard Asia III. Return to Headlines "National Logistics of Russia Is Bought" (Central and Eastern Europe and Russia) SeaNews (04/29/08) Citigroup Venture Capital International (CVCI) and RosEvroGroup have agreed to sell a 90 percent stake in Russian provider of warehouse services National Logistic Company to Finland-based logistics service company Itella Corp. for about US$312.6 million. RosEvroGroup, formed by RosEvroBank of Russia, will retain the remaining 10 percent. Return to Headlines "EBRD to Invest in Kazakh Private Equity Fund" (Central and Eastern Europe and Russia) Reuters (04/29/08) Auyezov, Olzhas The European Bank for Reconstruction and Development (EBRD) will invest up to US$94 million in a new Kazakh state-controlled private equity fund. In addition to Kazakhstan, the Kazakhstan Growth Fund will focus on investments in Russia and other Central Asian nations. EBRD and the Kazakh National Investment Fund will manage the fund. Return to Headlines "Ithmar Capital Invests in Qatar's Panceltica" (Middle East) Al-Bawaba (04/29/08) Dubai-based private equity firm Ithmar Capital has acquired a 14 percent stake in Qatar-based Panceltica, a specialist in building onsite steel structures for housing and mixed-use projects in the Middle East. The investment was made through Ithmar Fund II. Return to Headlines "First Reserve, Vopak Complete BORCO Oil Storage Terminal Takeover" (Latin America and the Caribbean) Thomson Financial (04/30/08) U.S.-based private equity firm First Reserve has completed the acquisition of an 80 percent stake in the Bahamas Oil Refining Company (BORCO) oil storage terminal in Freeport, Bahamas, from Petroleos de Venezuela. The acquisition was made through the US$8 billion First Reserve Fund XI. Also taking part in the acquisition was international tank terminal operator Vopak, which acquired the remaining 20 percent stake. The total value of the transaction was US$550 million. BORCO is the largest oil storage terminal in the Caribbean. Return to Headlines "Goldman's Fang Makes First Private Equity Investment" (Asia) Bloomberg (04/30/08) Chan, Cathy Hopu Investment Management, a private equity firm founded in 2007 by Fang Fenglei, the chairman of Goldman Sachs Group's China operations, will invest between US$150 million and US$200 million in Hong Kong Lung Ming Investment Holding, which owns the Eruu Gol iron ore mine in Mongolia. Also investing in Lung Ming will be Singapore's sovereign wealth fund, Temasek. Los Angeles-based Clarity Partners and Credit Suisse Group made investments in Lung Ming last year. Return to Headlines "Tribecapital Partners Invests US$25 Million in PetroLatina" (Latin America and the Caribbean) ShareCast (04/25/08) Colombia-based private equity firm Tribecapital Partners has invested US$25 million in PetroLatina, a company dedicated to building an independent oil and gas company in Latin America. PetroLatina is primarily focused on Colombia but has interests in Guatemala as well. Return to Headlines "BankInvest Acquires Stake in Hoa Phat Group of Vietnam" (Asia) Vietnam News (04/25/08) Danish investment group BankInvest has signed a deal to acquire a 5.2 percent stake in Hoa Phat Group of Vietnam through its US$100 million Private Equity New Markets Fund dedicated to investments in Vietnam. Hoa Phat runs 23 factories and has interests in steel, refrigeration, cement, mining, and industrial parks. Return to Headlines "Millennium Global to Launch Africa Fund" (Africa) Guardian Unlimited (UK) (04/30/08) Apps, Peter U.K.-based Millennium Global is launching a US$100 million private equity fund that will target Africa, excluding South Africa. Millennium Global specializes in developing and managing alternative investment products for institutional investors. Return to Headlines
Events
EMPEA Events 10th Global Private Equity Conference 15-16 May 2008 Washington D.C. Boosting Investment Funds Activities in Latin America 10 June at 8:00 am Chadbourne & Parke LLP 30 Rockefeller Plaza 36th floor New York City 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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7 May 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  |