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Headlines
Industry News "Abraaj Capital Acquires Stake in Turkish Luxury Yacht Maker" (Middle East) "GP Investments Acquires 18 Percent of San Antonio Internacional" (Latin America and the Caribbean) "Equity Bank Buys Uganda Microfinance" (Africa) "Global Capital Management Buys Saudi Retail Stake" (Middle East) "New Equity Funds Attract US$420 Million for Russia, CIS" (Central and Eastern Europe and Russia) "CLSA Fund Invests US$30 Million in Taiwan's Fulltech" (Asia) "Private Equity in East Africa on Growth Path" (Africa) "Goldman Sachs and NEA Become Ideiasnet's Partners in Spring Wireless" (Latin America and the Caribbean) "CapMan Completes Two New Investments in Russia" (Central and Eastern Europe and Russia) "GPF Leads Launch of Prosperity Fund II" (Asia) "Contaq Latvian Cable, Argus Capital, and Syntaxis Capital acquire IZZI SIA" (Central and Eastern Europe and Russia) "Sequoia Capital Raises US$725 Million for Indian Investment Fund" (Asia) Events EMPEA Events Industry Events Industry News "Abraaj Capital Acquires Stake in Turkish Luxury Yacht Maker" (Middle East) AME Info (UAE) (08/27/08) Dubai-based private equity firm Abraaj Capital has acquired a 50 percent stake in Turkey-based luxury yacht maker Numarine. The investment is Abraaj's second in Turkey, following last year's acquisition of a stake in healthcare provider Acibadem. Abraaj also owns a stake in luxury yacht distributor ART Marine of Dubai. Return to Headlines "GP Investments Acquires 18 Percent of San Antonio Internacional" (Latin America and the Caribbean) Business News Americas (08/25/08) GP Investments has acquired an additional 17.7 percent stake in San Antonio Internacional, the leading provider of land-based drilling and integrated exploration and production (E&P) services to oil and natural gas companies in Latin America, for US$135 million, with an option to acquire another 1.8 percent for US13.4 million. Some, if not all, of the funding for the transaction will come from GP Capital Partners V. GP Investments held a 55.2 percent stake in San Antonio prior to the transaction. San Antonio was established in 2007 after GP Investments and co-investors acquired the Latin American onshore drilling and E&P services businesses of Pride International. Return to Headlines "Equity Bank Buys Uganda Microfinance" (Africa) Private Equity HUB (08/27/08) Aureos Capital's East Africa Fund has sold its stake in Uganda Microfinance Limited (UML) to Kenya-based Equity Bank. Aureos invested in Uganda Microfinance Union, UML's predecessor, in 2004, in a deal that represented the private equity firm's first management buy-out in Uganda. Return to Headlines "Global Capital Management Buys Saudi Retail Stake" (Middle East) Trade Arabia (08/27/08) Kuwait-based Global Capital Management, formerly Global Investment House, has acquired a controlling stake in Saudi Arabia-based retail chain Al Sawani Food and Industrial Supply for an undisclosed sum. The acquisition was made through the US$3 billion Global Buyout fund. Al Sawani operates 550 outlets in 12 countries. Return to Headlines "New Equity Funds Attract US$420 Million for Russia, CIS" (Central and Eastern Europe and Russia) RIA Novosti (08/27/08) Russia-based private equity firm Marshall Capital Partners (MCP) has raised US$450 million for two new funds aimed at investments in Russia and the rest of the Commonwealth of Independent States. UK-based AXA Private Equity and global private equity firm Paul Capital Partners led a group of institutional investors that pooled funds for Marcap I, which will acquire a part of the assets currently controlled by MCP, and Marcap II, which will seek new investments in various sectors. Return to Headlines "CLSA Fund Invests US$30 Million in Taiwan's Fulltech" (Asia) Reuters (08/18/08) CLSA Capital Partners, a unit of French lender Credit Agricole, has made a US$30 million investment in Taiwan-based fiberglass yarn manufacturer Fulltech Fiber Glass Corp. The investment was made through CLSA's US$300 million pan-Asia vehicle, ARIA Investment Partners III. Return to Headlines "Private Equity in East Africa on Growth Path" (Africa) East African Business Week (08/30/08) Kenya-based private equity firm East Africa Capital Partners is in the process of raising a US$100 million Africa Technology Media and Telecoms Fund. The fund has already invested US$40 million in Wananchi Group, a leading Kenyan internet and entertainment company, and is partly funded by the U.S. Overseas Private Investment Corp. Return to Headlines "Goldman Sachs and NEA Become Ideiasnet's Partners in Spring Wireless" (Latin America and the Caribbean) PRNewswire (08/22/08) Goldman Sachs, US venture capital firm New Enterprise Associates (NEA), and Brazil-based investment firm Ideiasnet have invested a total of US$56 million in Spring Wireless, a Brazil-based mobile business solutions provider. This is NEA's first investment in Latin America. Return to Headlines "CapMan Completes Two New Investments in Russia" (Central and Eastern Europe and Russia) Asia Corporate News Network (08/27/08) Finland-based private equity firm CapMan has acquired stakes in Russian airline operator Region Avia Airline and pig farm operator Russia Baltic Pork Invest. The investments were the first two for CapMan's Russia Fund, formerly Norum Russia Fund III. The fund was renamed after CapMan acquired Moscow-based buyout firm Norum. Return to Headlines "GPF Leads Launch of Prosperity Fund II" (Asia) Bangkok Post (08/12/08) Chudasri, Darana The Thai Government Pension Fund, Brunei Investment Agency, and eight local financial institutions have launched Thailand Prosperity Fund II. The fund aims to raise about US$74 and will target both listed and non-listed companies in Thailand. Return to Headlines "Contaq Latvian Cable, Argus Capital, and Syntaxis Capital acquire IZZI SIA" (Central and Eastern Europe and Russia) Financial Deals Tracker (08/27/08) Private equity firms Argus Capital Group and Syntaxis Capital have partnered with Contaq Latvian Cable to acquire Latvia-based cable television broadcaster IZZI SIA. The value of the deal was not disclosed. Return to Headlines "Sequoia Capital Raises US$725 Million for Indian Investment Fund" (Asia) Bloomberg (08/27/08) Thakur, Pooja Venture capital firm Sequoia Capital has raised US$725 million for its India Growth Fund II. Sequoia's predecessor fund for India closed on US$400 million in 2006. 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 India's Capital Markets 9-10 September 2008 Mumbai, India Private Equity Analyst Conference 2008 16-17 September 2008 New York Third Annual Private Equity in CEE 22-25 September 2008 London Super Return Asia 23-25 September 2008 Hong Kong IFC and International Economic Alliance Global Investment Symposium: “Pathways to Prosperity” 24 September 2008 New York Cleantech Forum XVIV Mumbai 7-9 October 2008 Mubai, India Investor Forum/Luncheon: Nigeria—On the BRI(N)C of an Emerging Market RVSP: Akporobaro.Chinonye@intercontinentalbankplc.com. 11 October 2008 Washington, DC Third Annual LP/GP Roundtable Latin American Venture Capital Association (LAVCA) 16 October, 2008 Park Central Hotel, New York Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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3 September 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 |