To view this online go to:
http://www.empea.net/pubs/newswatch/102908.html
BlackBerry users please scroll down for story text.
 |
|
| | Home | About EMPEA | Become a Member | Contact Us | | |
Headlines
Industry News "Actis Leads US$103 Million Investment in China Education Firm" (Asia) "OPIC Board Approves US$350 Million for Three Investment Funds for Latin America" (Latin America and the Caribbean) "Global Capital Management Acquires Minority Stake in MAPE Advisory Group" (Asia) "ADIC Buys Into UAE Beverage Distributor" (Middle East) "Aureos Invests in Papua New Guinea Chemicals Company" (Asia) "Al Rajhi Buys 70 Percent Stake in UAE's Romeo Design" (Middle East) "Arx Equity Partners Holds EUR83 Million First Closing on Arx CEE III" (Central and Eastern Europe and the Commonwealth of Independent States) "AfDB Approves US$50 Million for Africa Fund" (Africa) "Brysam Equity Fund Invests US$98 Million in Colombia's BCSC Bank" (Latin America and the Caribbean) "GrowthGate Acquires Part of Averda International" (Middle East) "iEurope Announces Sale of Leading Online Marketplace in Hungary" (Central and Eastern Europe and the Commonwealth of Independent States) "African Alliance Africa Pioneer Fund Invests in Ivorian Crop Protection MBO" (Africa) Events EMPEA Events Industry Events Industry News "Actis Leads US$103 Million Investment in China Education Firm" (Asia) Reuters (10/21/08) UK-based private equity firm Actis has led a consortium that invested US$103 million in Ambow Education, a Chinese educational services provider that targets middle school students. Last October, Macquarie Group led a group that invested a combined US$54 million in Ambow. Return to Headlines "OPIC Board Approves US$350 Million for Three Investment Funds for Latin America" (Latin America and the Caribbean) ISRIA (10/17/08) The Overseas Private Investment Corporation (OPIC) has approved US$350 million in financing for three new private equity funds focused on investments in Latin America. OPIC will provide US$150 million to the Greylock Latin America Opportunity Fund, which will invest in debt and hybrid instruments across Latin America, with a primary focus on Colombia, Peru, the Dominican Republic and the countries of the Central America Free Trade Agreement region; US$150 million to Latin Power and Infrastructure IV, which will invest in energy and infrastructure projects in Latin America and the Caribbean; and US$50 million to Altra Private Equity IV, which will invest in established companies operating primarily in the countries of the Andean region. The three funds are targeting a total of US$1.45 billion in commitments. Return to Headlines "Global Capital Management Acquires Minority Stake in MAPE Advisory Group" (Asia) Al Bawaba (10/20/08) Kuwait-based Global Capital Management has acquired an 11.1 percent stake in MAPE, an India-based investment bank. The financial details of the transaction were not disclosed. Return to Headlines "ADIC Buys Into UAE Beverage Distributor" (Middle East) Trade Arabia (10/22/08) Abu Dhabi Investment Company (ADIC) has acquired a majority stake in Unitra METS Group, a Dubai-based specialty beverage distributor, for an undisclosed sum. The investment was made through the US$500 million ADIC Mena Partners Fund. Return to Headlines "Aureos Invests in Papua New Guinea Chemicals Company" (Asia) Private Equity Online (10/15/08) UK-based private equity firm Aureos Capital has acquired a 15.3 percent stake in Chemica, a retailer and wholesaler of agro-chemicals, stock feed and hardware products in Papua New Guinea, for an undisclosed sum. The investment is the fifth made by the US$16 million Kula Fund II. Return to Headlines "Al Rajhi Buys 70 Percent Stake in UAE's Romeo Design" (Middle East) Gulf News (United Arab Emirates) (10/16/08) Saudi Arabia-based Al Rajhi Investment Group has acquired a 70 percent stake in UAE-based interior design company Romeo Design. The value of the transaction was not disclosed. Return to Headlines "Arx Equity Partners Holds EUR83 Million First Closing on Arx CEE III" (Central and Eastern Europe and the Commonwealth of Independent States) AltAssets.com (10/20/08) Arx Equity Partners, formerly DBG Eastern Europe, has held the first closing of its third Central and Eastern Europe-focused fund with EUR83 million in committed capital. Arx CEE III is targeting EUR125 million. Arx has offices in Bucharest, Budapest, Prague and Warsaw. Return to Headlines "AfDB Approves US$50 Million for Africa Fund" (Africa) allAfrica.com (10/23/08) The Board of Directors of the African Development Bank has approved a US$50 million commitment for Emerging Africa Fund 3, a pan-African fund managed by Emerging Capital Partners. The fund is targeting total commitments of US$1 billion. Return to Headlines "Brysam Equity Fund Invests US$98 Million in Colombia's BCSC Bank" (Latin America and the Caribbean) EasyBourse (10/23/08) Landauro, Inti Brysam Global Partners, a private equity fund that primarily invests in financial services sectors across emerging markets, has acquired an 18.8 percent stake in Colombian bank BCSC for US$98 million. The International Finance Corp. holds a 9.5 percent stake in BCSC. Return to Headlines "GrowthGate Acquires Part of Averda International" (Middle East) Business Wire (10/14/08) Bahrain-based buyout firm GrowthGate Capital will acquire a 33.33 percent stake in Averda International, a Lebanon-based waste management company with operations throughout the Middle East and North Africa. The value of the transaction was not disclosed. Return to Headlines "iEurope Announces Sale of Leading Online Marketplace in Hungary" (Central and Eastern Europe and the Commonwealth of Independent States) PRNewswire (10/13/08) US-based private equity firm iEurope Capital LLC has sold its 100 percent stake in Vatera.hu, Hungary's leading online auction and e-commerce marketplace. The transaction generated a gross internal rate of return of 59 percent and a gross cash-on-cash return of 13.5 times for iEurope Fund. Return to Headlines "African Alliance Africa Pioneer Fund Invests in Ivorian Crop Protection MBO" (Africa) African Alliance (10/24/08) South Africa-based investment banking group African Alliance has participated in the management buyout of Syngenta's crop protection business in Côte d'Ivoire. The investment, the value of which was not disclosed, was made through the African Alliance Africa Pioneer Master Fund. 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 Cleantech Forum Shanghai 3-5 December 2008 Shanghai, China Mezzanine & Leveraged Finance Asia-Pacific 2008 9-10 December 2008 Excelsior, Hong Kong, Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
|
29 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  |