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Headlines
Industry News "Advent Makes Third Latin American Buy This Month" (Latin America and the Caribbean) "Kuwaiti Investor Buys Jordan Property Firm" (Middle East) "IFC Commits US$30 Million to India Buyout Fund" (Asia) "PME African Infrastructure Opportunities Acquires 50 Percent Stake in Sheltam Grindrod Holdings" (Africa) "IIB Buys 14 Percent Stake in Sugar Refinery" (Middle East) "ETelecare Agrees to Providence, Ayala Purchase for US$290 Million" (Asia) "Onexim Will Buy a 50 Percent Stake in Renaissance Capital" (Central and Eastern Europe and Russia) "Sinca Inbursa Buys 15 Percent of Gas Natural Mexico" (Latin America and the Caribbean) "African Forestry Firm Secures HSBC Investment" (Africa) "New Fund Formed in Kazakhstan With Arab Investors" (Central and Eastern Europe and Russia) "BEE Firm Acquires Stake in Crane Supplier" (Africa) "MVC and RC Invest US$28 million in FIMA" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "Advent Makes Third Latin American Buy This Month" (Latin America and the Caribbean) Financial News (09/24/08) de Alejo Garcia, Cardiff Advent International has acquired Frango Assado, a Brazil-based operator of highway restaurants, for an undisclosed sum. The acquisition was the sixth Latin American restaurant chain acquired by Advent in the past two years. Advent has formed a new company, International Meal, to hold these investments. In addition to Frango Assado, Advent has acquired Dominican airport operator Aeropuertos Dominicanos Siglo XXI and Brazil home-improvement retailer Quero-Quero in the past month. Return to Headlines "Kuwaiti Investor Buys Jordan Property Firm" (Middle East) Trade Arabia (09/26/08) Kuwait-based Global Capital Management has acquired Jordan-based real estate company Adaa for US$25 million. The acquisition was made through First Jordan Investment, established by Global Capital Management last year to capitalize on investments in Jordan. Return to Headlines "IFC Commits US$30 Million to India Buyout Fund" (Asia) FINalternatives.com (09/25/08) International Finance Corporation has committed US$30 million to Avigo SME Fund III, a private equity fund managed by India-based Avigo Capital Partners targeting a total of US$300 million in commitments. The fund, which will invest in small and midsize companies in India, is a follow-on offering to the US$125 million Avigo SME Fund II. Return to Headlines "PME African Infrastructure Opportunities Acquires 50 Percent Stake in Sheltam Grindrod Holdings" (Africa) Financial Deals Tracker (09/25/08) PME African Infrastructure Opportunities, an Indonesia-based investment fund focused on sub-Saharan Africa infrastructure, has acquired a 50 percent stake in Sheltam Grindrod Holdings, a South Africa-based provider of engineering, management and operations services for railways. The deal is valued at approximately US$8 million. Return to Headlines "IIB Buys 14 Percent Stake in Sugar Refinery" (Middle East) MENAFN.com (09/23/08) Bahrain-based International Investment Bank (IIB) has acquired a 14 percent stake in a local sugar refinery for an undisclosed sum. The refinery is expected to be operational in two years. Earlier this year, IIB acquired a stake in Tunisian automobile distributor ARTES for US$200 million. Return to Headlines "ETelecare Agrees to Providence, Ayala Purchase for US$290 Million" (Asia) Bloomberg (09/20/08) Sayson, Ian C. US-based Providence Equity Partners (PEP) and Philippines-based conglomerate Ayala will acquire ETelecare Global Solutions, the Philippines' largest provider of outsourced business services, for US$290 million. PEP focuses on investments in the media, entertainment, communications and information sectors and has invested approximately US$1 billion in the Asia Pacific region to date. Return to Headlines "Onexim Will Buy a 50 Percent Stake in Renaissance Capital" (Central and Eastern Europe and Russia) MarketWatch (09/22/08) Lesova, Polya Onexim Group, one of Russia's largest private investment funds, will acquire a 50 percent stake in Renaissance Capital, a leading Russian investment bank, for US$500 million. The remaining 50 percent stake will be acquired by parent company Renaissance Group. Renaissance Capital is a leading investor in the Commonwealth of Independent States and Africa. Return to Headlines "Sinca Inbursa Buys 15 Percent of Gas Natural Mexico" (Latin America and the Caribbean) Expansion Magazine (Mexico) (09/23/2008) Mexico-based private equity firm Sinca Inbursa will acquire a 15 percent stake in Gas Natural Mexico, the Mexican subsidiary of Spanish gas group Gas Natural. The deal is valued at approximately EUR50 million. Return to Headlines "African Forestry Firm Secures HSBC Investment" (Africa) Afrol News (09/24/08) UK-based private equity firm HSBC Principal Investments has invested US$8.5 million in the Uganda subsidiary of timber plantation company New Forests Company. New Forests is the biggest investor in Uganda's forestry sector and also has a presence in Mozambique. Return to Headlines "New Fund Formed in Kazakhstan With Arab Investors" (Central and Eastern Europe and Russia) Central Asia General Newswire (09/25/08) Abu Dhabi-based International Petroleum Investment Company subsidiary Aztech Investments, Kazakh investment firm Ordabasy and Kazyna Capital Management, a unit of the Kazakhstan state sustainable development fund Kazyna, have established the Falah Growth Fund to invest in companies in Kazakhstan and the rest of the Commonwealth of Independent States. The fund is targeting US$600 million in commitments. Return to Headlines "BEE Firm Acquires Stake in Crane Supplier" (Africa) Mining Weekly (09/26/08) Parker, Darren Black Economic Empowerment private equity firm Sphere has acquired a 32.5 percent stake in South Africa-based mobile crane hire company Target Cranes. The investment was made through the US$37 million Sphere Fund I, which was launched in October 2005. Return to Headlines "MVC and RC Invest US$28 million in FIMA" (Central and Eastern Europe and Russia) Private Equity Europe (09/12/08) Riga Capital, an investment firm focusing on companies with strong growth potential in the wider Baltic Sea region, and US-based investment firm MVC Capital have jointly invested US$28 million in FIMA, a Lithuanian-based systems integrator. The investment will be made through the newly formed Dutch holding company Security Holdings B.V. Return to Headlines
Events
EMPEA Events The Emerging Markets Private Equity Forum 4-5 November London First Annual Beijing Private Equity Forum 10 November Beijing Return to Headlines Industry Events 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 China Venture Capital Association Annual General Meeting 30-31 October 2008 Beijing Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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1 October 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  |