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Headlines
Industry News "China Equity Fund to Invest US$300 Mln in Africa" (Africa) "Icon Enters Financial Services with Delta Bank Deal" (Central and Eastern Europe and Russia) "CDC to Invest in Indian Property" (Asia) "IFC Commits US$40M to Pan Africa Private Equity Fund" (Africa) "US$15M Venture Fund Launched" (Middle East) "Malaysia's AmInvestment Bank, Singapore's Konzen Set Up $320 Million Water Fund" (Asia) "Generali PPF Buys Romania's ARDAF, RAI from PPF Investments" (Central and Eastern Europe and Russia) "Ashmore Launches Global Special Situations Fund" (Industry News) "Norske Skog Sells South Korean Paper Mills for US$835 Million to Cut Debt" (Asia) "UAE's Alnair to Raise Stake in Kazkommertsbank to 25 Percent" (Central and Eastern Europe and Russia) "IGNIA Raises US$25 Million Debt Financing from Inter-American Development Bank" (Latin America and the Caribbean) "US$50 Million Venture Fund to Aid Farmers Launched" (Africa) Events EMPEA Events Industry Events Industry News "China Equity Fund to Invest US$300 Mln in Africa" (Africa) Reuters (Africa) (06/27/08) Nyambrua-Mwaura, Helen The China-Africa Development Fund will invest approximately US$300 million in Africa in 2008. The fund, which is backed by the China Development Bank, was formed in 2007 to invest in African agriculture, manufacturing, natural resources, and infrastructure development. The fund has invested US$60 million to date in enterprises including an Ethiopian glass factory and a power station in Ghana. Return to Headlines "Icon Enters Financial Services with Delta Bank Deal" (Central and Eastern Europe and Russia) Private Equity News (06/25/08) Bollen, Jennifer Moscow-based Icon Private Equity acquired a 49 percent stake of Ukraine's Delta Bank for a reported US$350 million. The deal is the first financial services deal for Icon, which plans to consolidate regional banks in Ukraine. The Icon Private Equity Fund, a direct investment fund with US$1 billion in capital, was launched in September 2007. Return to Headlines "CDC to Invest in Indian Property" (Asia) Financial Times (06/23/08) Leahy, Joe UK-based private equity firm CDC Group will invest US$250 million in three Indian infrastructure and real estate funds. The firm will invest US$100 million in IDFC's India infrastructure fund, US$100 million in the Actis India Real Estate Fund and US$50 million in Kotak India Realty Fund. The three funds plan to raise a combined US$1.6 billion for infrastructure and real estate investments in India. Return to Headlines "IFC Commits US$40M to Pan Africa Private Equity Fund" (Africa) FINalternatives.com (06/27/08) Aureos' Pan Africa private equity fund received a US$40 million commitment from the International Finance Corp. The US$400 million private equity fund will make investments in medium-sized companies in Africa. Return to Headlines "US$15M Venture Fund Launched" (Middle East) Bahrain Tribune (06/26/08) Venture Capital Bank announced the launch of a US$15 million venture capital fund that will target Bahrain and other countries in the Middle East and North Africa. Venture Capital Fund Bahrain will invest in start-up companies and small and medium enterprises. Return to Headlines "Malaysia's AmInvestment Bank, Singapore's Konzen Set Up $320 Million Water Fund" (Asia) Thomson Financial (06/25/08) Malaysia's AmInvestment Bank Group and Konzen Group of Singapore announced plans for a US$320 million joint fund to invest in water infrastructure projects in Asia. The AmKonzen Asia Water Fund will primarily invest in China, but will also consider investment in water assets in Southeast Asia. Return to Headlines "Generali PPF Buys Romania's ARDAF, RAI from PPF Investments" (Central and Eastern Europe and Russia) Forbes (06/25/08) Private equity group PPF Investments sold its stake in Romanian insurance companies ARDAF and RAI to a unit of Italian insurer Assicurazioni Generali SpA for an undisclosed sum. PPF Investments held 72.7 percent of ARDAF and 99.9 percent of RAI. Return to Headlines "Ashmore Launches Global Special Situations Fund" (Industry News) FINalternatives.com (06/25/08) London-based emerging markets specialist Ashmore Investment Management recently launched a new special situations fund that will invest in private equity in emerging markets. Ashmore Global Special Situations Fund Five is expected to surpass the firm's two previous funds, which both raised over US$1.3 billion. Return to Headlines "Norske Skog Sells South Korean Paper Mills for US$835 Million to Cut Debt" (Asia) Associated Press (06/23/08) Morgan Stanley Private Equity Asia and Shinhan Private Equity teamed up to purchase two South Korean paper mills from Norwegian papermaker Norske Skog for US$835 million. Norske Skog will receive US$622 million in cash, while the two private equity firms will assume all related debt and liabilities. The deal is expected to close by early August. Return to Headlines "UAE's Alnair to Raise Stake in Kazkommertsbank to 25 Percent" (Central and Eastern Europe and Russia) Kazinform (Kazakhstan) (06/23/08) UAE-based private-equity fund AO Alnair Capital Holding will buy 17.1 percent of shares in Kazakhstan's Kazkommertsbank for an undisclosed amount. The fund, which is backed by Sheik Tahnoon Bin Zayed Al Nahyan of Abu Dhabi, will hold a 25 percent stake in the former Soviet republic's second largest lender after the deal goes through. Return to Headlines "IGNIA Raises US$25 Million Debt Financing from Inter-American Development Bank" (Latin America and the Caribbean) Earthtimes (06/18/08) Garcia, Garza The Board of the Inter-American Development Bank approved US$25 million in debt financing for IGNIA Fund I, Latin America's first social venture capital fund. The fund previously closed on US$20.6 million in equity commitments. The fund will make equity investments in portfolio companies in the region. Return to Headlines "US$50 Million Venture Fund to Aid Farmers Launched" (Africa) The Standard (06/16/08) Njiraini, John The African Enterprise Challenge Fund, a US$50 million venture capital fund managed by KPMG, was launched to invest in agri-business and rural financial services. The fund will offer grants or loans of up to US$1.5 million to medium and large agri-businesses. The first six projects are expected to receive financing by September. 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 Summit on Brazilian Real Estate Investment, Finance & Securitization 19 August 2008 Sao Paulo, Brazil 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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2 July 2008
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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  |