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Headlines
Industry News "Warburg Pincus Sells Euromedic to Merrill Lynch Unit" (Central and Eastern Europe and Russia) "Tuninvest Closes EUR125 Million Fund for Algeria, Morocco, Tunisia" (Africa) "SHUAA Capital and Rotana Hotel Management Sign Agreement to Develop Hotel Properties in Saudi Arabia" (Middle East) "AIF Capital Invests in Healthcare Products" (Asia) "Dubai-based Firm to Launch Middle East Fund" (Middle East) "CoAL Announces Empowerment Deal With Mvela-linked Private Equity Firm" (Africa) "IGNIA Completes US$20.6 Million Funding Round Led by Omidyar Network" (Latin America and the Caribbean) "Saudi Group Buys Stake in Egypt's Oriental Weavers" (Africa) "Axxon Acquires Guerra" (Latin America and the Caribbean) "BoG's Investment Arm Buys N-Tour, mGroup Shares" (Central and Eastern Europe and Russia) "Berun, APCIG to Form Green PE Fund in China" (Asia) "Swiss Venture Capital Company Buys Stake in Holding Company for Hungarian Consultancy" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "Warburg Pincus Sells Euromedic to Merrill Lynch Unit" (Central and Eastern Europe and Russia) Thomson Financial (06/13/08) Private equity firm Warburg Pincus will sell Hungary-based healthcare services provider Euromedic International Holdings to Merrill Lynch Global Private Equity and Ares Life Sciences, an investment venture backed by former executives of Swiss biotechnology company Serono. Though the value of the deal was not released, insiders estimate it at about EUR800 million, earning Warburg Pincus about three times its initial investment. Return to Headlines "Tuninvest Closes EUR125 Million Fund for Algeria, Morocco, Tunisia" (Africa) AltAssets.com (06/09/08) Tunisia-based private equity firm Tuninvest has closed its Maghreb Private Equity Fund II (MPEF II) with EUR125 million in committed capital, initially targeting EUR80–100 million. MPEF II will target small and midsize enterprises in Algeria, Morocco and Tunisia. Its predecessor, MPEF I, closed with EUR24 million in committed capital in 2000. Return to Headlines "SHUAA Capital and Rotana Hotel Management Sign Agreement to Develop Hotel Properties in Saudi Arabia" (Middle East) AME Info (UAE) (06/15/08) SHUAA Capital Saudi Arabia has signed an agreement with pan-Arab hotel management company Rotana Hotel Management to develop hotel properties in Saudi Arabia. Under the deal, the US$533 million SHUAA Saudi Hospitality Fund I will own 20 percent of a new company that will be formed to manage and operate the properties. Return to Headlines "AIF Capital Invests in Healthcare Products" (Asia) Asia Private Equity Review (06/13/08) Hong Kong-based private equity firm AIF Capital has invested US$31 million in BioPlus, an India-based private label manufacturer. The investment was made through the US$435 million AIF Capital Asia III Fund. Return to Headlines "Dubai-based Firm to Launch Middle East Fund" (Middle East) Citywire (06/16/08) Paler, Nicholas Dubai-based private equity firm Algebra Capital is set to launch a new fund targeting investments in the Middle East and North Africa. The fund aims to raise up to US$250 million in committed capital. Return to Headlines "CoAL Announces Empowerment Deal With Mvela-linked Private Equity Firm" (Africa) Mining Weekly (06/13/08) South Africa-based coal development company Coal of Africa has gained empowerment status through an agreement that will give African Global Capital (AGC) and affiliates a 26.4 percent stake in the company. AGC was formed in January under a joint venture between Mvela Holdings of South Africa, Och-Ziff Capital Management Group subsidiary OZ Management and Palladino Holdings. Return to Headlines "IGNIA Completes US$20.6 Million Funding Round Led by Omidyar Network" (Latin America and the Caribbean) PRNewswire (06/10/08) Mexico-based venture capital firm IGNIA has held the first closing of IGNIA Fund I with US$20.6 million in committed capital toward a goal of US$50 million to US$70 million. IGNIA Fund I will seek investments in businesses that have the potential to positively impact the lives of low-income people in Latin America. Anchoring the first close was philanthropic investment firm Omidyar Network, which committed US$10 million to the social venture fund. Return to Headlines "Saudi Group Buys Stake in Egypt's Oriental Weavers" (Africa) Reuters (Africa) (06/12/08) Saudi Arabia-based private equity firm Amwal AlKhaleej has acquired a 1.7 percent stake in Egyptian rug and carpet maker Oriental Weavers, self-described as the world's biggest maker of machine-made rugs. Though the value of the deal was not disclosed, share value puts it at over US$10.3 million. Amwal AlKhaleej and Oriental Weavers are also cooperating on a polypropylene plant in Port Said, Egypt, that is expected to begin production in 2010; Amwal holds a 15 percent stake in the project. Return to Headlines "Axxon Acquires Guerra" (Latin America and the Caribbean) Gazeta Mercantil (06/10/08) Brazil-based private equity firm Axxon Group has acquired Brazil-based Guerra, Latin America's second leading manufacturer of railway implements. The acquisition was made through a US$150 million fund co-managed by Axxon and French financial group Natixis. Guerra operates 5 plants in Brazil and Argentina. Return to Headlines "BoG's Investment Arm Buys N-Tour, mGroup Shares" (Central and Eastern Europe and Russia) Civil Georgia (Tbilisi) (06/07/08) Galt & Taggart Capital, the private equity unit of the Bank of Georgia, has acquired a 30 percent stake in N-Tour, an outgoing tourism operator in Georgia, and a 50 percent stake in mGroup, a local manager of restaurants, cafés and hotels. In May, Galt & Taggart announced the acquisition of a 30 percent stake in Caucasus Automotive Retail, a car dealer with operations in Georgia and Armenia. Return to Headlines "Berun, APCIG to Form Green PE Fund in China" (Asia) Reuters (06/03/08) China-based Berun Group and the Australian Private Capital Investment Group have jointly launched the GPE (Green Private Equity) Fund. GPE will invest in Chinese companies focused on environmental products and services. It is targeting US$2 billion in committed capital and is near to meeting that goal, according to Berun Group. Return to Headlines "Swiss Venture Capital Company Buys Stake in Holding Company for Hungarian Consultancy" (Central and Eastern Europe and Russia) MTI Econews (06/12/08) Switzerland-based venture capital firm Swiss Fortune Management has acquired a 25 percent stake in Communication First, the holding company of Hungarian consulting group Political Capital. The value of the deal was not disclosed. 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 30 June 2008 (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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18 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  |