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Headlines
Industry News "VPB Invests in Botswana Emergency Services Provider" (Africa) "IL&FS Raises US$895 Million Realty Fund" (Asia) "Templeton Invests in Russia" (Central and Eastern Europe and the Commonwealth of Independent States) "Mekong Capital Sells Saigon Gas Holdings" (Asia) "Citi Infrastructure to Sell Stake in Motorway Concessions" (Latin America and the Caribbean) "Goldman, CDH Invest US$91 Million in Chinese Solar Energy" (Asia) "Amstar Closes US$335 Million Fund" (Industry News) "BNP Paribas Launches Fund for SMEs" (Middle East) "Brazilian Beef Producer to Get BNDES Equity" (Latin America and the Caribbean) "Convergence Partners Acquires Stake in New South African Venture" (Africa) "GILD Targets EUR50 Million for Baltic Growth" (Central and Eastern Europe and the Commonwealth of Independent States) "AFDB Commits to African Energy Infrastructure Fund" (Africa) Events EMPEA Events Industry Events Industry News "VPB Invests in Botswana Emergency Services Provider" (Africa) Private Equity Online (12/09/08) Levin, Matt Southview, a joint partnership between the CEDA Venture Capital Fund and the Botswana Medical Aid Society, has acquired a 90 percent stake in emergency medical services provider Medical Rescue International (MRI) Botswana. CEDA Venture Capital Fund is managed by private equity firm Venture Partners Botswana (VPB). The value of the transaction was not disclosed. Return to Headlines "IL&FS Raises US$895 Million Realty Fund" (Asia) Reuters (India) (12/09/08) Somasundaram, Narayanan India-based private equity firm IL&FS Investment Managers has raised US$895 million for a new India-focused realty fund, exceeding its initial target of US$750 million. The private equity firm is also set to hold the first closing of an Asia infrastructure fund that is targeting total commitments of US$800 million. Return to Headlines "Templeton Invests in Russia" (Central and Eastern Europe and the Commonwealth of Independent States) Russia & CIS Business and Financial Newswire (12/02/08) Templeton Asset Management has announced several new investments in Russia through its Templeton Russia and East European Fund. The fund invested US$4.4 million in CTC Media, US$6.3 million in mobile operator VimpelCom, US$9.7 million in leading mobile operator MTS and US$2.2 million in titanium producer VSMPO-Avisma. Return to Headlines "Mekong Capital Sells Saigon Gas Holdings" (Asia) AltAssets.com (12/11/08) Vietnam-based private equity firm Mekong Capital has sold its stake in liquefied petroleum gas distribution company Saigon Gas Holdings to Total for an undisclosed sum. Since the US$18.5 million Mekong Enterprise Fund invested in Saigon Gas in August 2005, revenues at Saigon Gas have grown by 176 percent. Mekong Capital plans to launch Mekong Enterprise Fund III early next year. Return to Headlines "Citi Infrastructure to Sell Stake in Motorway Concessions" (Latin America and the Caribbean) Financial Deals Tracker (12/02/08) Citi Infrastructure Investors' Citi Infrastructure Partners Fund and Spain-based construction company Sacyr Vallehermoso will sell their stakes in Chilean and Brazilian motorway concessions to Atlantia. Italy-based Atlantia is engaged in the development, construction and management of toll motorways. The transaction includes five concessions that manage a total of 702 kilometers of toll motorway in Chile and Brazil, in addition to two companies that manage maintenance and road work on certain sections operated under concession in Chile. The deal is valued at approximately US$530 million. Return to Headlines "Goldman, CDH Invest US$91 Million in Chinese Solar Energy" (Asia) China Daily (12/12/08) Hao, Tong Goldman Sachs and CDH Investments will invest approximately US$91 million in Himin Solar Energy Group, a Chinese solar water heater manufacturer. CDH Investments was established in 2002 by the former private equity group of China International Capital Corporation. Return to Headlines "Amstar Closes US$335 Million Fund" (Industry News) Private Equity Real Estate (12/05/08) US-based private equity firm Amstar Global Partners has closed its first institutional property fund with US$335 million in commitments. The fund, already 90 percent invested, is targeting investments in emerging markets in Asia and Eastern Europe, particularly Russia, Turkey and India. Return to Headlines "BNP Paribas Launches Fund for SMEs" (Middle East) Trade Arabia (12/05/08) BNP Paribas is launching a private equity fund that will focus on investments in small and midsize businesses in the Middle East. The bank's Bahrain-based asset management operation has established a US$300 million fund that will invest in 10 to 12 regional businesses. Return to Headlines "Brazilian Beef Producer to Get BNDES Equity" (Latin America and the Caribbean) LAVCA Reporter (01/01/09) Vol. 6, No. 10, BNDES Participações, the private equity unit of Brazilian development bank Banco Nacional De Desenvolvimento Economico, will invest approximately US$188 million in Brazil-based beef and leather producer Independência. The investment will give BNDES Participações a minority stake of undisclosed size in Independência. Return to Headlines "Convergence Partners Acquires Stake in New South African Venture" (Africa) ITWeb (12/09/08) Vecchiatto, Paul South Africa-based private equity firm Convergence Partners is leading a consortium that will acquire a 25 percent stake in Intelsat New Dawn, a satellite joint venture with satellite services provider Intelsat that aims to launch a satellite into orbit to provide wireless, broadband, and television services to consumers in South Africa. Also investing in the venture is Altirah Telecoms, itself a joint venture between South Africa-based private equity firm Altirah Capital and the Oppenheimer Family Fund managed by Southern Cross Capital. The value of the investment was not disclosed. Return to Headlines "GILD Targets EUR50 Million for Baltic Growth" (Central and Eastern Europe and the Commonwealth of Independent States) Private Equity Online (12/02/08) Mitchenall, Toby Estonia-based investment bank GILD Bankers has launched its second private equity fund aimed at investments in the Baltic region. GILD Long Haul II is targeting total commitments of EUR50 million and will invest in companies in the Baltic States, Central and Eastern Europe and the Commonwealth of Independent States, excluding Russia. Return to Headlines "AFDB Commits to African Energy Infrastructure Fund" (Africa) allAfrica.com (12/10/08) African Development Bank Group will commit US$30 million to the African Energy Infrastructure Fund, a private equity fund that will invest in power and energy projects across Africa. The fund, which will be managed by Prescient Fieldstone Investment Management of South Africa, is targeting total commitments of US$500 million. Return to Headlines
Events
EMPEA Events Webcast: Terms and Conditions 29 January 2009 Emerging Markets Private Equity Forum New York 26-27 March 2009 IFC's 11th Global Annual Private Equity Conference in association with EMPEA 12-13 May 2009 Washington D.C. Return to Headlines Industry Events Private Equity Analyst Outlook 2009 27-28 January 2009 Grand Hyatt, New York Eleventh Latin America Private Equity Forum 11-12 February 2009 Coconut Grove, Florida Leveraged Finance Asia 16-17 February 2009 Hong Kong Cleantech Forum XXI 23-25 February 2009 San Francisco Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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17 December 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  |