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Headlines
Industry News "Orascom Plans Budget Hotels in Cairo" (Africa) "Abraaj Capital Partners With Al Borg Laboratory" (Middle East) "Emerging Capital Partners Sells Stake in Moroccan Fertilizer Distribution Company" (Africa) "NBK Capital Launches Kuwait Fund" (Middle East) "Global Environment Fund Invests in NEOgás" (Latin America and the Caribbean) "Blue River Capital Acquires Minority Stake in Wilson Sandhu Logistics" (Asia) "Private Equity Consortium Acquires GTS Central Europe" (Central and Eastern Europe and Russia) "Leopard Fund Prowls For Private Equity Deals in Cambodia" (Asia) "Nexxus Capital Announces a New Investment in Harmon Hall" (Latin America and the Caribbean) "Arcapita Buys Pinnacle" (Central and Eastern Europe and Russia) "Egyptian Buyout Firm Preps US$100 Million Turnaround Fund" (Africa) "GrowthGate Acquires Part of Arabian Roots Group" (Middle East) Events EMPEA Events Industry Events Industry News "Orascom Plans Budget Hotels in Cairo" (Africa) Gulf News (United Arab Emirates) (05/06/08) Fenton, Suzanne Hotel owner Orascom has announced a joint venture to build five budget business hotels in Cairo in conjunction with Dubai-based SHUAA Partners, the private equity arm of SHUAA Capital, and hotel operator Rotana Hotels and Resorts. SHUAA's investment in the venture, called Centro, will take place through SHUAA Hospitality Fund 1. Return to Headlines "Abraaj Capital Partners With Al Borg Laboratory" (Middle East) AME Info (UAE) (05/05/08) Dubai-based private equity firm Abraaj Capital has acquired a 76.9 percent stake in Al Borg Laboratory, the largest private laboratory operator in the Middle East. Based in Egypt, Al Borg operates labs in Egypt, Saudi Arabia, the UAE, and Qatar. The investment will fund Al Borg's expansion across the Middle East, North Africa and South Asia. Return to Headlines "Emerging Capital Partners Sells Stake in Moroccan Fertilizer Distribution Company" (Africa) Fox Business (05/05/08) Emerging Capital Partners (ECP), the first private equity firm to raise more than US$1.2 billion for investment in companies across Africa, has sold its stake in Charaf Corporation, Morocco's leading fertilizer distributor, for US$23.2 million. The stake was acquired by ECP through Africa Fund I in December 2003. Since the acquisition, sales at Charaf have increased by an average rate of 25 percent annually. ECP's other investments within the African agribusiness sector include SOMDIAA Group, a sugar producer in central Africa, and Agromed, a dairy company in Tunisia. Return to Headlines "NBK Capital Launches Kuwait Fund" (Middle East) Arab Times (05/07/2008) Kuwait-based NBK Capital has launched the Kuwait Investment Opportunities Fund with US$125 million under management. The fund will focus on high-growth sectors in Kuwait, including education, healthcare, manufacturing, and technology. Return to Headlines "Global Environment Fund Invests in NEOgás" (Latin America and the Caribbean) LAVCA Reporter (05/01/08) Vol. 6, No. 4, U.S.-based Global Environment Fund has acquired a controlling stake in Neogás do Brasil Gás Natural Comprimido, one of Brazil's leading independent distributors of compressed natural gas. NEOgás has a presence in 12 states throughout Brazil. Return to Headlines "Blue River Capital Acquires Minority Stake in Wilson Sandhu Logistics" (Asia) Economic Times of India (04/24/08) Unnikrishnan, Rajesh Private equity firm Blue River Capital of India has acquired a minority stake in Indian freight management company Wilson Sandhu Logistics for US$10 million. Blue River Capital is focused on making investments in India, with approximately US$140 million under management. Return to Headlines "Private Equity Consortium Acquires GTS Central Europe" (Central and Eastern Europe and Russia) Business Wire (05/06/08) A consortium of private equity firms has acquired a 100 percent stake in alternative telecom service operator GTS Central Europe (GTS CE), a subsidiary of Group Menatep Limited. The consortium is led by U.S.-based Columbia Capital and M/C Venture Partners as well as Poland-based Innova Capital. GTS CE's main operations are in the Czech Republic, Poland, Hungary, Romania and Slovakia. The company also operates in Ukraine, Latvia, Slovenia, Bulgaria, Croatia and Serbia. Return to Headlines "Leopard Fund Prowls For Private Equity Deals in Cambodia" (Asia) FINalternatives.com (05/06/08) Hong Kong-based private equity firm Leopard Capital has completed the initial closing of its Leopard Cambodia Fund, a private equity fund specifically dedicated to investments in Cambodia that has a target size of US$100 million. The fund will primarily target Cambodia's financial services, retailing, construction materials, agribusiness, tourism and property development sectors. Return to Headlines "Nexxus Capital Announces a New Investment in Harmon Hall" (Latin America and the Caribbean) Latin American Venture Capital Association (05/02/08) Mexico-based private equity firm Nexxus Capital has acquired a majority stake in Harmon Hall Holding, a private education provider that specializes in English language training in Mexico. The acquisition was made through Nexxus Capital Private Equity Fund III. Harmon Hall operates 105 schools throughout Mexico. Return to Headlines "Arcapita Buys Pinnacle" (Central and Eastern Europe and Russia) Reuters (05/06/08) Bahrain-based investment firm Arcapita has acquired Pinnacle Real Estate, a leading developer and operator of logistics warehouses in Central and Eastern Europe, from Merrill Lynch. The acquisition includes 230,000 square meters of leased warehouse space and 1.5 million square meters of land for future development. Pinnacle has offices in the Czech Republic, Poland, and Slovakia. Return to Headlines "Egyptian Buyout Firm Preps US$100 Million Turnaround Fund" (Africa) FINalternatives.com (05/09/08) Private equity firm Sphinx Capital is raising a US$100 million turnaround fund that will target distressed or defaulting small and midsize companies in Egypt. The fund aims to raise US$75 million by its first closing, which is expected to take place in July. Sphinx Capital, based in the British Virgin Islands, is majority owned by Egyptian private equity firm Citadel Capital. Return to Headlines "GrowthGate Acquires Part of Arabian Roots Group" (Middle East) AME Info (UAE) (05/11/08) Bahrain-based buyout firm GrowthGate has reached an agreement to acquire 20 percent of Arabian Roots Group, a Saudi Arabia-based building materials conglomerate. This is GrowthGate's first private equity transaction in Saudi Arabia. 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 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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14 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  |