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Headlines
Industry News "Providence Equity Partners and UFG Private Equity Make Investments in Ukraine" (Central and Eastern Europe and Russia) "Actis to Put US$48.5 Million in Egypt's Mo'men" (Africa) "Swicorp Takes Majority Stake in Middle East Drilling Rig Firm" (Middle East) "CDC Pledges US$105 Million to Chinese Funds" (Asia) "BNDES Launches Private Investment Program" (Latin America and the Caribbean) "Marfin Buys Sunce Koncen Stake" (Central and Eastern Europe and Russia) "Genesis Asset Buys Over 5 Percent Stake in Welspun Gujarat" (Asia) "Kuwait Natl Invest, Kharafi Natl Launch US$2 Billion Fund" (Middle East) "Estonian Venture Capital Firm Sells MTV Baltic to Israeli Company" (Central and Eastern Europe and Russia) "Nokia to Invest US$150 Million More in VC Arm" (Asia) "VenFin Seeks Brilliance" (Africa) "6 New Startup Venture Capital Funds in Singapore to Be Seeded" (Asia) Events EMPEA Events Industry Events Industry News "Providence Equity Partners and UFG Private Equity Make Investments in Ukraine" (Central and Eastern Europe and Russia) Broadband TV News (07/30/08) Dziadul, Chris Ukrainian cable company Volia Cable has agreed to merge with the Oisiw group of regional cable networks owned by private equity firm SigmaBleyzer, which created Volia through the consolidation of three separate companies acquired in 1999 and 2000. The merger will create Ukraine's largest multi-service cable operator. Meanwhile, US-based Providence Equity Partners will boost its total investment in Volia to over US$300 million. Providence invested about US$200 million in Volia late last year. Separately, UFG Private Equity I has acquired a controlling stake in Industrial Media Network, a Ukraine-based broadband Internet service provider that operates under the name IPNet. Return to Headlines "Actis to Put US$48.5 Million in Egypt's Mo'men" (Africa) Reuters (07/30/08) Private equity firm Actis has agreed to invest US$48.5 million in Mo'men Group, operator of the largest independent chain of fast food restaurants in Egypt. Mo'men, which also sells frozen food under the brand name Three Chefs, has a presence in Sudan and Libya and plans to use the investment to expand its operations in North Africa and into the Gulf region. Return to Headlines "Swicorp Takes Majority Stake in Middle East Drilling Rig Firm" (Middle East) Zawya.com (08/04/08) Saudi Arabia-based private equity firm Swicorp Joussour has acquired a 51 percent stake in Mosvold Middle East Jackup, a mobile offshore drilling rig company focused on drilling in the Persian Gulf. Mosvold currently has contracts for the construction of two jackup rigs and an option to acquire two more. Return to Headlines "CDC Pledges US$105 Million to Chinese Funds" (Asia) Thomson Financial (07/29/08) U.K.-based CDC Group has committed a total of US$105 million to four private equity funds focused on investments in China. The pledge raises CDC's overall commitment to China-focused private equity funds to US$640 million. The four funds—Tripod Capital China Fund II, Qiming Venture Partners II, FountainVest China Growth Fund and Legend Capital IV—are raising a total of US$1.7 billion. Return to Headlines "BNDES Launches Private Investment Program" (Latin America and the Caribbean) LAVCA Reporter (08/01/08) Vol. 6, No. 6, Brazilian Development Bank (BNDES) will create a BRL1.5 billion (US$964 million) program aimed at supporting local businesses in key sectors. Under the plan, the bank will invest in up to 10 private equity and venture capital funds, beginning with those focused on agribusiness and ethanol/biomass generation. The first funds will be selected by November. Return to Headlines "Marfin Buys Sunce Koncen Stake" (Central and Eastern Europe and Russia) Private Equity HUB (07/28/08) Greece-based buyout firm Marfin Investment Group has acquired a 50 percent stake in Croatian tourism group Sunce Koncen for EUR90 million. Sunce operates 11 hotels along the Adriatic coast and has a majority stake in a local airport. Under the terms of the transaction, Marfin Investment reserves the right to acquire another 25 percent stake in Sunce Koncen for EUR45 million within the next two years. Return to Headlines "Genesis Asset Buys Over 5 Percent Stake in Welspun Gujarat" (Asia) Reuters (07/30/08) Private equity firm Genesis Asset Managers has acquired a 5 percent stake in Indian steel pipe maker Welspun Gujarat Stahl Rohren for upwards of US$75 million. In October 2007, private equity firm 3i acquired a 6.6 percent stake in Welspun. Return to Headlines "Kuwait Natl Invest, Kharafi Natl Launch US$2 Billion Fund" (Middle East) Zawya.com (07/30/08) Kuwait-based National Investments and Kharafi National have launched a fund aimed at the infrastructure sectors of the Middle East and North Africa. The fund aims to raise between US$1 billion and US$2 billion. Return to Headlines "Estonian Venture Capital Firm Sells MTV Baltic to Israeli Company" (Central and Eastern Europe and Russia) Baltic Business News (07/30/08) Hobemagi, Toomas Estonia-based venture capital firm Martinson Trigon Venture Partners will sell UAB MTV Networks Baltic to Israeli cable and satellite television broadcaster Ananey Communications. UAB MTV Networks Baltic broadcasts the popular MTV programming in the three Baltic nations. Return to Headlines "Nokia to Invest US$150 Million More in VC Arm" (Asia) Business Standard (India) (07/31/08) Finland-based mobile handset maker Nokia will commit an additional US$150 million to its private equity and venture capital arm, Nokia Growth Partners, bringing its total commitment to US$250 million. The fund will focus on investments in the mobile services sectors of India and China. Return to Headlines "VenFin Seeks Brilliance" (Africa) Business Day (South Africa) (07/24/08) Stones, Lesley South Africa-based venture capital firm VenFin has established a US$7 million fund aimed at fueling innovation in South Africa. The fund, called InVenFin, will seek investments in startups with intellectual property that can be protected, developed and commercialized. Return to Headlines "6 New Startup Venture Capital Funds in Singapore to Be Seeded" (Asia) Straits Times (07/31/08) Lee, Gabriel Singapore's National Research Foundation (NRF) announced that it will seed six new venture capital funds to promote investment in local startups. NRF will provide each fund S$10 million (US$7.4 million). The fund managers—including Raffles Venture Partners, Tamarix Capital and Walden International—will be required to raise matching commitments from third party investors. 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 Private Equity Analyst Conference 2008 16-17 September 2008 New York Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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6 August 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 |