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Headlines
Industry News "EFG-Hermes PE Arm to Invest US$65 Million in GHS" (Middle East) "AIG Invests in Blue Intercontinental Micro Finance Bank" (Africa) "Advent International Acquires Airport Operator Aerodom in First Buyout in Dominican Republic" (Latin America and the Caribbean) "HBG Buys Stake in Muscat Finance Company" (Middle East) "IDFC to hold 20 Percent Stake in Nepalese Infrastructure Bank" (Asia) "Agreement of 25 Percent of Euro Leasing Purchase Finished" (Central and Eastern Europe and Russia) "Enterprise Investors Closes Latest Fund on EUR100 Million" (Central and Eastern Europe and Russia) "Fund Targets Bypassed African Entrepreneurs" (Africa) "TPG Capital to Acquire 49 Percent Stake in Shriram Retail" (Asia) "Dubai Group Acquires 20 Percent Stake in Mazaya Saudi" (Middle East) "Clairvest Group to Acquire 50 Percent Stake in Plaza Sol de Los Lagos Casino" (Latin America and the Caribbean) "African Fund Targets Private Markets" (Africa) Events EMPEA Events Industry Events Industry News "EFG-Hermes PE Arm to Invest US$65 Million in GHS" (Middle East) Trade Arabia (09/16/08) The private equity arm of Egypt-based investment bank EFG-Hermes has acquired a stake in UAE-based Gulf Housing Solutions (GHS) for US$65 million. GHS acquires, develops, sub-leases and manages staff accommodation facilities for the construction and hospitality sectors in the UAE. The investment makes EFG-Hermes the single largest shareholder in GHS. Return to Headlines "AIG Invests in Blue Intercontinental Micro Finance Bank" (Africa) PRNewswire (09/18/08) AIG Investments will invest in Blue Intercontinental Micro Finance Bank, a joint venture between Nigeria's Intercontinental Bank and Blue Financial Services aimed at distributing and selling micro-financing services and products within Nigeria's retail market. The investment will be made through AIG Global Emerging Markets Fund II. Return to Headlines "Advent International Acquires Airport Operator Aerodom in First Buyout in Dominican Republic" (Latin America and the Caribbean) PRNewswire (09/09/08) Advent International has acquired Aeropuertos Dominicanos Siglo XXI SA (Aerodom), the leading airport group in the Dominican Republic. The deal marks Advent's first leveraged buyout in the Dominican Republic. The private equity firm says it will target other airports in Latin America and has established a new company, Latin American Airport Holdings, to hold the interests. Return to Headlines "HBG Buys Stake in Muscat Finance Company" (Middle East) CPI Financial (09/16/08) Dubai-based private equity firm HBG Holdings has acquired a 10 percent stake in Oman-based Muscat Finance Company (MFC). The deal was valued at approximately US$9.7 million. Return to Headlines "IDFC to hold 20 Percent Stake in Nepalese Infrastructure Bank" (Asia) LiveMint (09/19/08) Bhaskar, Utpal India-based IDFC will hold a 20 percent stake in the newly-created Nepal Infrastructure Bank, which will invest in infrastructure-related projects in Nepal. A Nepalese private equity firm will hold another 20 percent stake, while the Asian Development Bank, International Finance Corporation, and German development finance institution DEG will each hold 10 percent stakes. Return to Headlines "Agreement of 25 Percent of Euro Leasing Purchase Finished" (Central and Eastern Europe and Russia) Ria Oreanda (09/15/08) Euroventures Ukraine Fund and Ukraine Opportunity Trust have jointly acquired a 25 percent stake in Euro Leasing, a Ukraine-based transport leasing company. The deal is valued at approximately US$10 million. Return to Headlines "Enterprise Investors Closes Latest Fund on EUR100 Million" (Central and Eastern Europe and Russia) AltAssets.com (09/16/08) Poland-based private equity firm Enterprise Investors has closed its Enterprise Venture Fund I with EUR100 million in committed capital. The fund will target small and midsize companies in various sectors (primarily technology companies) of Central and Eastern Europe. Return to Headlines "Fund Targets Bypassed African Entrepreneurs" (Africa) Financial Times (09/16/08) Jopson, Barney African investment group GroFin is set to launch a pan-African fund targeting US$150 million in commitments. The fund aims to invest in midsize companies considered too small to attract investments from other specialist private equity groups yet too large to raise capital from microfinance institutions. The fund has already secured US$125 million in commitments, including US$30 million from both UK-based CDC Group and the International Finance Corp. Return to Headlines "TPG Capital to Acquire 49 Percent Stake in Shriram Retail" (Asia) Hindu (09/13/08) Global private equity firm TPG Capital will acquire a 49 percent stake in Shriram Retail Holdings Private Limited, the holding company of India-based consumer finance company Shriram City Union Finance, for up to US$120 million. This is TPG's second investment in the Shriram Group. In 2006, TPG, then called Newbridge Capital, invested approximately US$100 million in Shriram Holdings (Madras) Private Limited, giving it a stake in Shriram Transport Finance. Return to Headlines "Dubai Group Acquires 20 Percent Stake in Mazaya Saudi" (Middle East) Zawya.com (09/14/08) Dubai Capital Group, the UAE-based alternative asset management unit of Dubai Group, has acquired a 20 percent stake in Mazaya Saudi for Commercial Investment, a Saudi Arabia-based real estate investment company. The deal is valued at approximately US$135 million. Return to Headlines "Clairvest Group to Acquire 50 Percent Stake in Plaza Sol de Los Lagos Casino" (Latin America and the Caribbean) Financial Deals Tracker (09/18/08) Canada-based merchant bank Clairvest Group has acquired a 50 percent stake in the Plaza Sol de Los Lagos casino in Chile for US$16 million. The acquisition was made through the US$300 million Clairvest Equity Partners III. Return to Headlines "African Fund Targets Private Markets" (Africa) Hedge Funds Review Online (09/16/08) UK-based ARCH Financial Products has launched the ARCH Africa Private Markets Focus IC Fund, targeting investments in Sub-Saharan Africa. The fund, which was recently launched with US$12 million in seed capital, will focus on sectors such as infrastructure, natural resources, agribusiness and real estate. It is ARCH's third Africa-focused fund. 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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24 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  |