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Headlines
Industry News "Emerging Capital Partners Invests US$47.3 Million in North African Personal Care Company" (Africa) "CDC Commits US$650 Million to Actis Emerging Markets Funds" (Industry News) "Shuaa Partners Raising US$650 Million Hospitality Fund" (Middle East) "Private Equity Group Invests in Indian Mobile Operator" (Asia) "Lion Capital to Go for Russian Alcohol" (Central and Eastern Europe and Russia) "Latest Brazilian Ethanol Fund Launched" (Latin America and the Caribbean) "Catalyst Private Equity Launches Solar Energy Venture in Palestinian Territories" (Middle East) "Autovest, Imbewu in Empowerment Deal" (Africa) "Sycamore, Chinese Government Launch US$1 Billion Green Fund" (Asia) "Ithmaar Bank and Kazakhstan to Launch US$1 Billion CIS Regional Energy Fund" (Central and Eastern Europe and Russia) "EPAM Systems Raises US$50 Million" (Central and Eastern Europe and Russia) "Intel Capital Invests in Malaysian Mobile Broadband Provider" (Asia) "Dubai Group Acquires Stake in Egypt’s Sphinx Glass " (Africa) Events EMPEA Events Industry Events Industry News "Emerging Capital Partners Invests US$47.3 Million in North African Personal Care Company" (Africa) PRNewswire (05/21/08) Emerging Capital Partners, a private equity firm focused on investments in Africa, has made a US$47.3 million investment in Societe d'Articles Hygieniques, Tunisia's leading personal care company and producer of absorbent hygiene products. The investment was made through ECP Africa Fund II and the ECP MENA Growth Fund. Return to Headlines "CDC Commits US$650 Million to Actis Emerging Markets Funds" (Industry News) AltAssets.com (05/21/08) U.K.-based private equity fund of funds CDC Group has committed US$650 million to a series of emerging markets funds launched by Actis. Actis Emerging Markets 3 comprises a global fund and four regional funds—aimed at Africa, South Asia, China, and Latin America. Return to Headlines "Shuaa Partners Raising US$650 Million Hospitality Fund" (Middle East) Bloomberg (05/19/08) McLaughlin, Rebecca; Sharif, Arif Shuaa Partners, the private equity unit of Dubai-based investment bank Shuaa Capital, is raising a US$650 million hospitality fund that intends to spend US$500 million of the total on building or acquiring a chain of hotels across Saudi Arabia. Shuaa entered the Saudi and Qatari markets last year and is considering investment options in Kuwait. It says it may launch another private equity fund later in 2008. Return to Headlines "Private Equity Group Invests in Indian Mobile Operator" (Asia) Cellular-News (05/22/08) Private equity group Providence Equity Partners has acquired a 20 percent stake in Aditya Birla Telecom (ABTL), a subsidiary of India's Idea Cellular, for US$640 million. In 2006, Providence invested US$400 million in Idea Celllular. ABTL owns the telecom mobile license in the eastern states of Bihar and Jharkhand and will hold a 16 percent stake in Indus Towers, Idea's tower subsidiary, co-owned by Vodafone Essar and Bharti Airtel. Return to Headlines "Lion Capital to Go for Russian Alcohol" (Central and Eastern Europe and Russia) AltAssets.com (05/22/08) U.K.-based private equity firm Lion Capital has agreed to acquire a majority stake in Russian Alcohol Group from Russia-based investment company Industrial Investors. Also investing in Russian Alcohol will be Central European Distribution Corporation (CEDC), a major vodka producer in Poland and Russia, and Goldman Sachs. Though Lion Capital has not disclosed the financial details of its acquisition, CEDC will invest US$156.5 million for a 40 percent stake, according to a statement from CEDC. Return to Headlines "Latest Brazilian Ethanol Fund Launched" (Latin America and the Caribbean) Financial News (05/23/08) Freeman, Ivan Castano Brazil-based private equity firm DGF has raised US$75 million out of a targeted US$200 million for its Terra Viva Equity Fund, which will primarily target Brazil's ethanol industry. Separately, Brazilian Development Bank (BNDES) is seeking investors for its Fundo Brasil Sustentabilidade, which is targeting between US$150 million and US$250 million in committed capital and will target Brazil's renewable power sector, including ethanol. Return to Headlines "Catalyst Private Equity Launches Solar Energy Venture in Palestinian Territories" (Middle East) MENAFN.com (05/22/08) Catalyst Private Equity, Millennium Energy Industries and Arab Palestinian Investment LTD have announced the launch of Millennium Energy Palestine, a venture aimed at developing the solar heating market of the Palestinian territories. Catalyst Private Equity is focused on the energy and water technology sectors of the Middle East. Its other investments include Omni Oil Technologies and X3M International. Return to Headlines "Autovest, Imbewu in Empowerment Deal" (Africa) Business Day (South Africa) (05/22/08) Kamhunga, Sure South Africa-based black-owned and controlled private equity firm Imbewu Capital Partners has acquired a 17.4 percent stake in Autovest, a South Africa-based holding company of a group of automotive focused businesses. The value of the black economic empowerment deal was not disclosed. Return to Headlines "Sycamore, Chinese Government Launch US$1 Billion Green Fund" (Asia) Reuters (05/21/08) Wheatley, Alan Global investment firm Sycamore Ventures is launching a Chinese "green investment" fund in partnership with the Chinese government, with the goal of raising US$1 billion. The China GreenStar fund will focus on China's energy and environment sectors. Return to Headlines "Ithmaar Bank and Kazakhstan to Launch US$1 Billion CIS Regional Energy Fund" (Central and Eastern Europe and Russia) AME Info (UAE) (05/19/08) Bahrain-based investment bank Ithmaar Bank has launched the US$1 billion Ithmaar Kazyna CIS Energy Fund in partnership with Kazyna Capital Management, a unit of Kazakhstan's Sustainable Fund, Kazyna. The fund will target the energy and energy-related sectors of Kazakhstan and other Commonwealth of Independent States. Return to Headlines "EPAM Systems Raises US$50 Million" (Central and Eastern Europe and Russia) Private Equity HUB (05/20/08) Renaissance Investment Management, Da Vinci Capital and Euroventures Capital have invested a total of US$50 million in EPAM Systems, a leading global software engineering and IT consulting provider in Central and Eastern Europe. EPAM has operations in Russia, Belarus, Hungary and Ukraine. Return to Headlines "Intel Capital Invests in Malaysian Mobile Broadband Provider" (Asia) EDN (05/19/08) Steffora, Ann Intel Capital has invested US$15.4 million in Malaysia-based mobile broadband networking provider Green Packet Berhad. The investment was made to facilitate the launch of Southeast Asia's first large-scale WiMAX deployment. Intel Capital is the venture capital arm of Intel. Return to Headlines "Dubai Group Acquires Stake in Egypt’s Sphinx Glass " (Africa) AME Info (UAE) (05/18/08) Dubai Capital Group, a subsidiary of state-owned conglomerate Dubai Holding, has acquired a 49 percent stake in Egyptian glass maker Sphinx Glass Company for US$199 million. Sphinx Glass is a wholly owned subsidiary of GlassWorks, a company established by Egypt-based private equity firm Citadel Capital and other regional investors. Return to Headlines
Events
EMPEA Events Boosting Investment Funds Activities in Latin America 10 June at 8:00 am Chadbourne & Parke LLP 30 Rockefeller Plaza 36th floor New York City The Emerging Markets Private Equity Forum 4-5 November London 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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28 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  |