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Headlines
Industry News "Emerging Capital Partners Invests in African Microfinance Institution" (Africa) "Lombard Announces Investment in Asiasoft" (Asia) "Aureos Buys Into Horizontes" (Latin America and the Caribbean) "National Bank of Kuwait Launches India-Focused PE Fund of Funds" (Asia) "Apax, Madison Dearborn, TA Buy EUR1.1 Billion Stake in Weather Investments" (Industry News) "SAGIA to Promote New Asia Gulf Fund" (Middle East) "Singapore's Unisteel Accepts US$575 Million KKR Bid" (Asia) "Hungary Watchdog Green Lights Penta Buying Hungarian Meat Company" (Central and Eastern Europe and Russia) "Lupatech Continues Argentine Spending Spree" (Latin America and the Caribbean) "East Capital Launches New Russian Property Fund" (Central and Eastern Europe and Russia) "Tuareg Capital and Capital Management House Announce Acquisition by Libya Fund" (Africa) "PPF Sells Stake in Russia's Oriel Resources" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "Emerging Capital Partners Invests in African Microfinance Institution" (Africa) PRNewswire (06/04/08) Emerging Capital Partners (ECP), an international private equity firm focused on investing across the African continent, has invested US$15 million in Blue Finance Services, a micro lender serving 10 countries in sub-Saharan Africa. The investment was made through the US$523 million ECP Africa Fund II, which was established in December 2005. Return to Headlines "Lombard Announces Investment in Asiasoft" (Asia) PRNewswire (06/02/08) International private equity firm Lombard Investments has acquired a 10 percent stake in Asiasoft, Southeast Asia's leading online entertainment service provider, for US$11.7 million. Asiasoft, established in 2001, is the leading online games operator in Thailand and Singapore and ranks among the top three in Malaysia and Vietnam. Return to Headlines "Aureos Buys Into Horizontes" (Latin America and the Caribbean) Private Equity HUB (06/04/08) Aureos Capital has acquired a 49 percent stake in Horizontes, a Costa Rican sustainable tourism company. The investment is the second made through the Emerge Central America Growth Fund, one of three Aureos Latin American private equity funds. The fund is targeted at small and midsize businesses in Panama, Nicaragua, El Salvador, Guatemala, Honduras, Costa Rica, Belize and the Dominican Republic. Aureos is currently in the process of raising funds for the US$100 million Aureos Central Asia Fund, the US$300 million Aureos Latin America Fund and the US$400 million Aureos Africa Fund. Return to Headlines "National Bank of Kuwait Launches India-Focused PE Fund of Funds" (Asia) VC Circle (05/26/08) National Bank of Kuwait has announced the launch of an India-focused private equity fund of funds, becoming the latest Gulf investor to demonstrate interest in India. Recently, Abu Dhabi Investment House launched the US$400 million India Entertainment City Fund and Khaleeji Commercial Bank of Bahrain announced a US$163.5 million Indian real estate fund. Return to Headlines "Apax, Madison Dearborn, TA Buy EUR1.1 Billion Stake in Weather Investments" (Industry News) AltAssets.com (06/06/08) A consortium of private equity firms has acquired a 10 percent stake in telecommunications company Weather Investments for EUR1.1 billion. Under the terms of the agreement, Apax Partners will acquire a 5 percent stake, while Madison Dearborn Partners and TA Associates will together take the remaining 5 percent stake. Weather Investments has a presence in Algeria, Bangladesh, Egypt, Pakistan and Tunisia. The company has also acquired a license to operate mobile services in North Korea. Return to Headlines "SAGIA to Promote New Asia Gulf Fund" (Middle East) MENAFN.com (06/06/08) The Saudi Arabian General Investment Authority (SAGIA) will help promote the new US$293 million KTIC Jasper Asia Gulf Horizons Fund to facilitate technology development and commercialization in Saudi Arabia and throughout the Gulf Cooperation Council. The fund was established by U.K.-based asset management and corporate finance company Jasper Capital Limited and will be managed by Seoul-based private equity management company Korea Technology Investment Corp. (KTIC). Return to Headlines "Singapore's Unisteel Accepts US$575 Million KKR Bid" (Asia) Reuters (06/07/08) Flaherty, Michael Singapore-based disc drive component maker Unisteel has agreed to be purchased by U.S.-based buyout firm Kohlberg Kravis Roberts & Co. (KKR) for US$575 million. KKR acquired Unisteel rival MMI Holdings of Singapore in July 2007. Return to Headlines "Hungary Watchdog Green Lights Penta Buying Hungarian Meat Company" (Central and Eastern Europe and Russia) Portfolio.hu (Hungary) (06/04/08) Hungarian regulators have given Czech-Slovak private equity firm Penta Investments the go ahead to acquire a controlling stake in Hungary's second largest meat processor, Debreceni Hús Zrt. Penta acquired Mecom Group, Slovakia’s largest meat producer and trader, in February 2008 and PM Zbrojniky, the fourth largest meat processing company in Slovakia, in December 2006. Return to Headlines "Lupatech Continues Argentine Spending Spree" (Latin America and the Caribbean) LAVCA Reporter (06/01/08) Vol. 6, No. 5, Brazil-based private equity firm Axxon Group has acquired the Argentine assets of leading natural gas vehicular compression system manufacturer ASPRO in conjunction with Brazil-based valve manufacturer Lupatech. The deal was valued at US$85 million. Return to Headlines "East Capital Launches New Russian Property Fund" (Central and Eastern Europe and Russia) LiveActu Capital (06/02/08) Sweden-based East Capital has launched the Russian Property Fund, which will seek investments in shopping centers and retail real estate in Russia as well as Ukraine and Kazakhstan. The fund is targeting EUR200 million in committed capital. Return to Headlines "Tuareg Capital and Capital Management House Announce Acquisition by Libya Fund" (Africa) Al-Bawaba (06/09/08) The Libya Fund managed by private equity firm Tuareg Capital and Bahrain-based financial institution Capital Management House has acquired a majority stake in Libya-based oil services company Etelaf Oil Services. The acquisition was made through TAB Energy, a wholly owned subsidiary of the Libya Fund. Tuareg Capital is focused on investments in North Africa, primarily Libya and Algeria. Return to Headlines "PPF Sells Stake in Russia's Oriel Resources" (Central and Eastern Europe and Russia) Finance.cz (06/04/08) Czech private equity firm PPF Investments has sold its 20 percent stake in ferrochrome producer Oriel Resources of Russia. The value of the transaction was US$271.3 million. Return to Headlines
Events
EMPEA Events The Private Equity International India Forum 30 September - 1 October, 2008 Mumbai The Emerging Markets Private Equity Forum 4-5 November London Return to Headlines Industry Events The Risks and Rewards of Investing in Africa 12.00 p.m. - 1.30 p.m. The Harvard Club of New York City 35 West 44th St., New York, NY. Click here to RSVP. 19th Annual Venture Capital Investing Conference 10-12 June 2008 San Francisco, California 2008 EVCA Symposium 18-20 June 2008 Madrid India's Capital Markets 9-10 September 2008 Mumbai, India Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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11 June 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  |