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Headlines
Industry News "Abu Dhabi Private Equity Fund to Acquire OrasInvest" (Africa) "China-focused Fund Raises Nearly US$1 Billion Despite Slowdown" (Asia) "Franklin Templeton Launches New MENA Fund" (Middle East) "Black River Invests Significant Sum in Joint Venture With White Energy in Africa" (Africa) "Pátria Investments Raises US$700 Million Buyout Fund" (Latin America and the Caribbean) "New Funding Source for Malaysian Startups" (Asia) "Syntaxis Raises Second Regional Mezz Fund " (Central and Eastern Europe and the Commonwealth of Independent States) "UBS, MerchantBridge to Raise US$500 Million for ME Fund" (Middle East) "General Atlantic Backs Brazil’s Qualicorp" (Latin America and the Caribbean) "Lathe Investment to Acquire 9.9 Percent Stake in Arcil" (Asia) "Delta Targets US$500 Million for Russia" (Central and Eastern Europe and the Commonwealth of Independent States) "Vanterra Completes First Closing on Debut Fund" (Industry News) Events EMPEA Events Industry Events Industry News "Abu Dhabi Private Equity Fund to Acquire OrasInvest" (Africa) Zawya.com (11/20/08) ADIC PE Management, the private equity arm of Abu Dhabi Investment Company (ADIC), has agreed together with other investors to acquire OrasInvest, a telecom support company based in Egypt, in a leveraged buyout valued at US$180 million. ADIC PE's investment will be made through the US$500 million ADIC MENA Partners Fund. Return to Headlines "China-focused Fund Raises Nearly US$1 Billion Despite Slowdown" (Asia) Financial Times (11/13/08) Tucker, Sundeep China-focused private equity firm FountainVest has closed its first fund with US$950 million in commitments. The fund will invest in midsize companies in mainland China, focusing on emerging businesses driving or benefiting from domestic consumption and urbanization. Return to Headlines "Franklin Templeton Launches New MENA Fund" (Middle East) Trade Arabia (11/18/08) Franklin Templeton Investments has launched the Franklin MENA Fund, which will invest in companies in Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain, Oman, Egypt, Jordan and Morocco. Dubai-based asset manager Algebra Capital will act as sub-advisor to the fund. Franklin Templeton Investments acquired a 25 percent stake in Algebra Capital in August 2007. No details were given concerning the fund's target size. Return to Headlines "Black River Invests Significant Sum in Joint Venture With White Energy in Africa" (Africa) PRNewswire (11/10/08) Private equity firm Black River Asset Management, a subsidiary of Cargill, has invested US$70 million to acquire a 49 percent stake in a special purpose company to be established under a joint venture with White Energy, the exclusive worldwide license holder of the Binderless Coal Briquetting process that significantly increases the energy efficiency of low-grade coal. The joint venture will seek to commercialize the technology for use throughout Africa. Return to Headlines "Pátria Investments Raises US$700 Million Buyout Fund" (Latin America and the Caribbean) FINalternatives.com (11/19/08) Brazil-based alternative investment firm Pátria Investments has closed its latest private equity fund with US$700 million in committed capital. Pátria Brazilian Private Equity Fund III will focus on investments in Brazil's consumer and infrastructure sectors. Return to Headlines "New Funding Source for Malaysian Startups" (Asia) ZDNet Asia (11/21/08) Yapp, Edwin MIRC Ingenious Capital Partners has launched the Technopreneur Venture Management venture capital fund with a corpus size of US$1.4 million. The fund will invest in startup technology companies in Malaysia. Return to Headlines "Syntaxis Raises Second Regional Mezz Fund " (Central and Eastern Europe and the Commonwealth of Independent States) Private Equity Europe (11/18/08) Syntaxis Capital has launched its second Central and Eastern European focused mezzanine vehicle, Syntaxis Mezzanine Fund II. The fund is targeting EUR250 million in total commitments. Return to Headlines "UBS, MerchantBridge to Raise US$500 Million for ME Fund" (Middle East) Standard (Hong Kong) (11/17/08) Switzerland-based bank UBS and global investment firm MerchantBridge are launching a joint Middle East private equity fund. MerchantBridge-UBS Private Equity will target US$500 million in commitments. Return to Headlines "General Atlantic Backs Brazil’s Qualicorp" (Latin America and the Caribbean) Private Equity HUB (11/14/08) US-based private equity firm General Atlantic has acquired a stake in Qualicorp Group, a Brazil-based healthcare coverage broker. The terms of the deal were not disclosed. Return to Headlines "Lathe Investment to Acquire 9.9 Percent Stake in Arcil" (Asia) Calcutta Telegraph (11/13/08) Lathe Investment, a wholly-owned subsidiary of Government of Singapore Investment Corporation Ventures (GIC Ventures), will acquire a 9.9 percent stake in Arcil, an India-based asset reconstruction firm. The deal is valued at approximately US$55 million. Return to Headlines "Delta Targets US$500 Million for Russia" (Central and Eastern Europe and the Commonwealth of Independent States) Private Equity Online (11/07/08) Delta Private Equity Partners is raising a new fund to invest in small and midsize Russian companies. The fund is targeting total commitments of US$500 million. Delta to date has invested in a total of 55 Russian companies through the US Russia Investment Fund, a US government-backed vehicle created in 1995 to stimulate private business, and the US$120 million Delta Russia Fund established in 2004. Return to Headlines "Vanterra Completes First Closing on Debut Fund" (Industry News) AltAssets.com (11/18/08) US-based private equity firm Vanterra Capital has held the first closing of its inaugural fund with US$152 million in commitments. A focus of the fund, which is targeting US$300 million for a second closing early next year, will be midsize businesses in emerging markets. Return to Headlines
Events
EMPEA Events Webcast: Marketing Your Fund to LPs in Today's Market Conditions 4 December 2008 Emerging Markets Private Equity Forum New York 26-27 March 2009 Return to Headlines Industry Events Mexico: A Nearshoring Opportunity 2 December 2008 New York 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. 
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26 November 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  |