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Headlines
Industry News "Advent Buys Stake in Quero-Quero for More Than US$250 Million" (Latin America and the Caribbean) "Swicorp Investment Bolsters Leading Jordanian Aircraft Leasing and Operating Firm" (Middle East) "Global's GCC Real Estate Fund II Announces First Acquisition" (Middle East) "Kula Fund II Acquires 30 Percent Stake in Pacific Retail" (Asia) "UFG Private Equity Fund I Acquires Controlling Interest in Evrorent Group" (Central and Eastern Europe and Russia) "Consortium Buys Stake in Indian Solar Cell Company" (Asia) "SVG Closes on US$200 Million for First Asia Fund of Funds" (Asia) "Algebra Capital and Elaf Bank Launch Sukuk Fund" (Middle East) "Swedfund Invests in Five Companies in Kenya" (Africa) "Great Circle Invests US$15 Million in Caspian Services" (Central and Eastern Europe and Russia) "Convergence Partners Expands Its Digital Media Investment Base" (Africa) "Dubai International Capital Acquires 45 Percent Stake in KEF Holding" (Middle East) Events EMPEA Events Industry Events Industry News "Advent Buys Stake in Quero-Quero for More Than US$250 Million" (Latin America and the Caribbean) Bloomberg (09/08/08) Marotto, Telma Advent International has acquired a stake in Brazilian retailer Quero-Quero for more than US$250 million. The acquisition was made through the US$13 billion global GPE III Fund and the US$1.3 billion LAPEF IV Fund. Quero-Quero operates 170 stores in Brazil. Return to Headlines "Swicorp Investment Bolsters Leading Jordanian Aircraft Leasing and Operating Firm" (Middle East) AME Info (UAE) (09/09/08) Saudi Arabia-based private equity firm Swicorp has acquired a stake in Jordan Aviation, a leading aviation leasing company in the Middle East. The acquisition was made through Intaj Capital, a US$250 million private equity vehicle focused on consumer-driven sectors in the Middle East and North Africa. Return to Headlines "Global's GCC Real Estate Fund II Announces First Acquisition" (Middle East) Zawya.com (09/09/08) Kuwait-based Global Capital Management's Global GCC Real Estate Fund II has made its first investment, acquiring a commercial building nearing completion in Riyadh, Saudi Arabia, for US$30 million. The fund was launched in July and has a target of US$500 million. Return to Headlines "Kula Fund II Acquires 30 Percent Stake in Pacific Retail" (Asia) Financial Deals Tracker (09/04/08) Aureos Capital has acquired a 30 percent stake in Tonga-based retailer Pacific Retail Limited. The acquisition was made through Kula Fund II. The deal represents the first privatization in Tonga. Return to Headlines "UFG Private Equity Fund I Acquires Controlling Interest in Evrorent Group" (Central and Eastern Europe and Russia) SKRIN Market and Corporate News (09/08/08) Russia-based UFG Private Equity Fund I has bought a controlling stake in Evrorent Group, a Russian company that specializes in leasing and operating tower and truck cranes. The deal was reportedly valued at more than US$20 million. Return to Headlines "Consortium Buys Stake in Indian Solar Cell Company" (Asia) Financial News (09/05/08) Bollen, Jennifer A consortium of investors has acquired a stake in India-based Moser Baer Photo Voltaic, a solar cell subsidiary of technology company Moser Baer, for a total of EUR64 million. The consortium consists of CDC Group, Morgan Stanley, Credit Suisse, India-based IDFC and Japanese bank Nomura. Return to Headlines "SVG Closes on US$200 Million for First Asia Fund of Funds" (Asia) Private Equity News (09/09/08) Kreutzer, Laura SVG Advisers, the fund of funds unit of buyout group SVG Capital, has closed its first Asia-focused fund of funds with US$200 million in commitments, surpassing its goal of US$150 million. SVG aims to use the fund of funds to make commitments to between 12 and 15 Asian private equity funds. Already, it has made four commitments, in CVC Capital Partners Asia Pacific III, Navis Asia Fund V, Affinity Asia Pacific Fund III and Actis India Fund 3. Return to Headlines "Algebra Capital and Elaf Bank Launch Sukuk Fund" (Middle East) Zawya.com (09/07/08) Dubai-based Algebra Capital and Elaf Bank have launched the Sukuk Fund, targeting US$100 million in commitments. The fund will focus on investments in the Middle East, North Africa and emerging markets in Asia. Return to Headlines "Swedfund Invests in Five Companies in Kenya" (Africa) Svenska Dagbladet (09/08/08) P. 9 Swedfund, a venture capital company owned by the government of Sweden, has bought out all other partners of the Kenya-based Acacia Fund for US$10 million. Formerly, Swedfund held a one-tenth interest in the fund. The buyout will give Swedfund a 10-20 percent stake in five midsize businesses in Kenya, including the country's largest steel company, Athis Steel. Return to Headlines "Great Circle Invests US$15 Million in Caspian Services" (Central and Eastern Europe and Russia) Business Wire (09/11/08) US-based private equity firm Great Circle Capital has invested US$15 million in Caspian Services, the largest provider of seismic and geophysical data acquisition services in the Caspian Region. The investment was made through the US$190 million Great Circle Fund, which is focused on the transportation and infrastructure sectors of the Commonwealth of Independent States, Southeast Europe and Turkey. Return to Headlines "Convergence Partners Expands Its Digital Media Investment Base" (Africa) Biz Community (South Africa) (09/10/08) Convergence Partners Investments, a Black Economic Empowerment investment company focusing on the technology, media and telecommunications sectors, has acquired a 25.55 percent stake in SkillPod Media, a South Africa-based online casual gaming company. The investment will be used to expand SkillPod's presence into Russia, China and South America. Return to Headlines "Dubai International Capital Acquires 45 Percent Stake in KEF Holding" (Middle East) Zawya.com (09/10/08) Dubai International Capital (DIC) has acquired a 45 percent stake in UAE-based KEF Holding, a provider of steel castings for valves and pumps. 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 First Annual Beijing Private Equity Forum 10 November Beijing Return to Headlines Industry Events 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 XIX Mumbai 7-9 October 2008 Mumbai, India Investor Forum/Luncheon: Nigeria—On the BRI(N)C of an Emerging Market RVSP 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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17 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  |