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Headlines
Industry News "Egypt's Beltone and French Siparex Launch P.E. Fund" (Middle East) "Hansa Investment Closes EUR30 million Private Equity Fund of Funds" (Central and Eastern Europe and Russia) "Shake on a Roll with Acquisition in Africa" (Africa) "Axis PE Invests in Vishawa Infra & Services" (Asia) "Jacob Ballas Buys Stake in Themis" (Asia) "Global Launches GCC Real Estate Fund-II" (Middle East) "Jordan Company Portfolio Company Buys MediQuest" (Central and Eastern Europe and Russia) "Carlyle to Invest US$87 Million in China's Sinorgchem" (Asia) "Unicorn Investment Bank Announces Successful Sale of Orimix Concrete Products LLC From Private Equity Fund" (Middle East) "Atlantic Coast Regional Fund Holds $75 Million First Closing" (Africa) "Private Equity Firm Buys Minority Stake in Metrofinanciera for US$65 Million" (Latin America and the Caribbean) "DIC Targets Asian Activity" (Asia) Events EMPEA Events Industry Events Industry News "Egypt's Beltone and French Siparex Launch P.E. Fund" (Middle East) Reuters (07/13/08) Egyptian investment bank Beltone Financial and France's Siparex partnered to launch a US$150 million private equity fund targeting small and medium-sized enterprises (SMEs) in Egypt and Gulf countries. The fund will invest in promising independent SMEs or potential spin-offs from large companies that have solid growth potential. Return to Headlines "Hansa Investment Closes EUR30 million Private Equity Fund of Funds" (Central and Eastern Europe and Russia) IPE.com (07/11/08) Bandel, Carolyn Hansa Investment Funds, a Russian-based investment firm, announced the first closing of a EUR30 million private equity vehicle that will target investment in Eastern Europe. Return to Headlines "Shake on a Roll with Acquisition in Africa" (Africa) Scotsman (UK) (07/11/08) Gourley, Perry South African venture capital firm HBD Capital sold its 40 percent share in mobile internet firm MyBeat Interactive to Edinburgh-based interactive marketing firm Shake. HBD Capital first acquired South Africa's leading developer and marketer of text-message-based marketing campaigns in 2000. Return to Headlines "Axis PE Invests in Vishawa Infra & Services" (Asia) Press Trust of India (07/10/08) Axis Private Equity of India invested US$14 million in Vishawa Infrastructure and Services, which owns a concrete and steel manufacturing facility near Hyderabad, India. Axis also announced a US$140 million first closing of the Axis Infrastructure Fund, which has a target of US$465 million. Return to Headlines "Jacob Ballas Buys Stake in Themis" (Asia) Economic Times of India (07/10/08) Prasad, Gireesh Chandra New York Life Investment Management Jacob Ballas India Fund, a Mauritius-based private equity fund, acquired a minority stake in Indian drug maker Themis Laboratories for approximately US$21 million. Themis will use the investment to expand it formulation manufacturing business into the American and European markets. Return to Headlines "Global Launches GCC Real Estate Fund-II" (Middle East) Al Bawaba (07/09/08) Kuwait's Global Investment House launched the Global GCC Real Estate Fund II, which is targeting US$500 million for investment in the Arab Gulf states. The fund will focus on investments in real estate projects in the UAE, KSA, and Qatar, including distressed properties, land parcels, and development opportunities. Return to Headlines "Jordan Company Portfolio Company Buys MediQuest" (Central and Eastern Europe and Russia) Private Equity HUB (07/09/08) Worldwide Clinical Trials, a contract research organization formed in partnership with private equity firm The Jordan Company, acquired MediQuest, an Eastern European contract research organization. MediQuest provides clinical development services to biopharmaceutical companies and organizations in Eastern Europe, an attractive growth region for clinical trials. Return to Headlines "Carlyle to Invest US$87 Million in China's Sinorgchem" (Asia) Reuters (07/07/08) The Carlyle Group will invest US$87 million in Sinorgchem, a Chinese manufacturer of chemicals used in the production of rubber products. The investment was made through the US$1.8 billion Carlyle Asia Partners II fund, focused on control investments in companies in the financial services, media and telecom, manufacturing and consumer sectors throughout Asia. Return to Headlines "Unicorn Investment Bank Announces Successful Sale of Orimix Concrete Products LLC From Private Equity Fund" (Middle East) AME Info (UAE) (07/10/08) Unicorn Investment Bank B.S.C. has disposed of its shares and exited from Orimix Concrete Products LLC (Orimix), an investment held in its private equity fund, the Unicorn Global Private Equity Fund I. The fund acquired a controlling stake in Orimix in November 2006 for a price of US$17.2 million and sold it recently for US$44.9 million to Al Safat Investment Company, a Kuwait listed investment group. The Unicorn Global Private Equity Fund I has made investments in middle-market companies based in Bahrain, Jordan, the United Arab Emirates, Kuwait, and the United States. Return to Headlines "Atlantic Coast Regional Fund Holds $75 Million First Closing" (Africa) AltAssets.com (07/08/08) Private equity firm Advanced Finance & Investment Group (AFIG) held a US$75 million first closing on its Atlantic Coast Regional Fund, which is focused on Central and West Africa. The fund, which has a target of US$150 million, will invest in industrial firms, financial institutions and infrastructure companies with revenues of US$50-70 million, with a primary focus on francophone markets on or near the west coast of Africa. Return to Headlines "Private Equity Firm Buys Minority Stake in Metrofinanciera for US$65 Million" (Latin America and the Caribbean) Business News Americas (07/08/08) New York-based private equity firm Cartesian Capital Group acquired a minority stake in Mexican real estate credit and housing development firm Metrofinanciera for US$65 million. The investment was made through Cartesian Capital's debut fund, an emerging markets vehicle which closed on US$1.05 billion in December 2007. Return to Headlines "DIC Targets Asian Activity" (Asia) Financial News (07/07/08) Sameer al-Ansari, the chief executive of Dubai International Capital (DIC), announced recently that DIC will turn to investments in Asia in the coming year due to a slump in private equity in Europe and the United States. DIC, which is the investment arm of the Dubai government, manages approximately US$13 billion in assets. DIC plans to invest approximately US$1 billion in China and a similar amount in India, with US$5 billion earmarked for investment in Asia over the next two to three years. Return to Headlines
Events
EMPEA Events First Annual Beijing Private Equity Forum 22 September 2008 Beijing 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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16 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  |