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Headlines
Industry News "Dubai's Abraaj Capital Buys Into Karachi Electric" (Middle East) "Actis Leads US$65 Million Investment in 7 Days Inn of China" (Asia) "Aureos Capital Raises US$35.8 Million for Colombia Fund" (Latin America and the Caribbean) "Avusa Sells Nigerian and Kenyan Interests" (Africa) "Merrill Raises $2.65 Billion for Asia Property Fund" (Asia) "Power of the Dream Ventures Announces Equity Commitment of up to US$5 Million" (Central and Eastern Europe and the Commonwealth of Independent States) "Riverside Buys Argentine Medical Equipment Firm" (Latin America and the Caribbean) "3TS to Launch New EUR200 Million Fund" (Central and Eastern Europe and the Commonwealth of Independent States) "BankInvest Partners With Local Fashion Company" (Asia) "Redington India Receives US$98 Million Funding From Investcorp for MEA Business " (Middle East) "Dubai Investments Acquires Strategic Stake in First Energy Bank" (Middle East) "PromSvyazCapital Sells Oranta" (Central and Eastern Europe and the Commonwealth of Independent States) Events EMPEA Events Industry Events Industry News "Dubai's Abraaj Capital Buys Into Karachi Electric" (Middle East) Reuters (10/15/08) Dubai-based private equity firm Abraaj Capital has acquired a 50 percent stake in Karachi Electric Supply of Pakistan. The deal is estimated to be valued at US$350-400 million. Return to Headlines "Actis Leads US$65 Million Investment in 7 Days Inn of China" (Asia) Forbes.com (10/16/08) UK private equity firm Actis has led a US$65 million investment in Chinese budget hotel operator 7 Days Inn Group. US buyout firm Warburg-Pincus is co-investing with Actis. Return to Headlines "Aureos Capital Raises US$35.8 Million for Colombia Fund" (Latin America and the Caribbean) SABI Wire Service (10/17/08) Aureos Capital has held the first closing of its Fondos Aureos Colombia Fund with US$35.8 in commitments. The fund will target small and midsize companies in Mexico, Central America, Peru and Colombia. Return to Headlines "Avusa Sells Nigerian and Kenyan Interests" (Africa) Mail & Guardian Online (10/15/08) Capital Alliance Private Equity has acquired the Nigerian interests of South Africa-based media and entertainment group Avusa, which also sold its Kenyan interests to Silverbird Africa Holdings Limited. The total value of the two transactions was approximately US$3.8 million. Return to Headlines "Merrill Raises $2.65 Billion for Asia Property Fund" (Asia) Bloomberg (10/14/08) Hu, Bei Merrill Lynch & Co. has raised $2.65 billion for its first fund dedicated to Asian property investments. The Merrill Lynch Asian Real Estate Opportunity Fund will invest in property assets or property companies throughout the region, including China, India and South Korea. The fund will also pursue investments in Southeast Asia. Return to Headlines "Power of the Dream Ventures Announces Equity Commitment of up to US$5 Million" (Central and Eastern Europe and the Commonwealth of Independent States) MarketWatch (10/09/08) US-based YA Global Investments will invest up to US$5 million in Hungary's Power of the Dream Ventures, a leading technology holding company. Power of the Dream Ventures focuses on acquiring, licensing and co-developing technologies that originate in Hungary. Return to Headlines "Riverside Buys Argentine Medical Equipment Firm" (Latin America and the Caribbean) Crain's Cleveland Business (10/16/08) Kass, Arielle Private equity firm The Riverside Company has acquired UV-Vis Metrolab, an Argentine maker of chemistry analyzers. The acquisition is Riverside's first in South America and was made through Riverside Europe Fund III. Metrolab will merge with Diatron, a Hungarian developer, manufacturer and marketer of compact hematology analyzers for the human medical and veterinary markets. Return to Headlines "3TS to Launch New EUR200 Million Fund" (Central and Eastern Europe and the Commonwealth of Independent States) AltAssets.com (10/09/08) Venture capital firm 3TS Capital Partners is launching a fund targeting EUR200 million in commitments that will invest in midsize companies across Central and Eastern Europe. 3TS has offices in Budapest, Bucharest, Prague, Vienna and Warsaw. Its most recent investment was in iMall, an online retailer based in the Czech Republic. Return to Headlines "BankInvest Partners With Local Fashion Company" (Asia) VietNamNet Bridge (10/04/08) Denmark-based BankInvest Private Equity New Markets Group will acquire a 20 percent stake in Vietnam-based Son Kim Fashion Corporation. The value of the deal was not disclosed. Return to Headlines "Redington India Receives US$98 Million Funding From Investcorp for MEA Business " (Middle East) Equity Bulls, India (10/13/08) Bahrain-based private equity firm Investcorp will acquire a 36 percent stake in the Middle East and Africa operations of supply chain solutions provider Redington India for US$98 million. The investment will be the first for the US$1.1 billion Gulf Opportunity Fund I. Return to Headlines "Dubai Investments Acquires Strategic Stake in First Energy Bank" (Middle East) Business Intelligence Middle East (10/13/08) Smith, Justin UAE-based Dubai Investments has acquired a 5 percent stake in Bahrain-based First Energy Bank, the first Sharia’a compliant bank in the region focused on investment and financial services in the energy sector. The deal is valued at US$65 million. Return to Headlines "PromSvyazCapital Sells Oranta" (Central and Eastern Europe and the Commonwealth of Independent States) SKRIN Market and Corporate News (10/14/08) Russia-based private equity firm PromSvyazCapital has sold its 100 percent stake in Russian insurance company Oranta to Dutch insurer Eureko. The value of the transaction was not disclosed. 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 China Venture Capital Association Annual General Meeting 30-31 October 2008 Beijing Inaugural Summit: Private Equity in SEE 28 November 2008 Hotel Westin - Zagreb, Croatia Mezzanine & Leveraged Finance Asia-Pacific 2008 9-10 December 2008 Excelsior, Hong Kong, Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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22 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  |