Headlines

Industry News

"Equest Investments Balkans Sells Former Auto Factory in Bulgaria for EUR9.9 Million" (Central and Eastern Europe and the Commonwealth of Independent States)
SeeNews (12/01/09)

Equest Investments Balkans, an investment company managed by U.K.-based Equest Partners, has sold the former Rodacar auto factory in Varna, Bulgaria, to BA Creditanstalt Bulus, a wholly-owned subsidiary of UniCredit Leasing Italy. The deal is valued at approximately EUR9.9 million.

"IDB to Commit Up to US$3.5 Million to Chilean AgroDesarrollo Fund" (Latin America and the Caribbean)
Microfinance Focus (12/02/09)

The Inter-American Development Bank's Multilateral Investment Fund (MIF) will commit up to US$3.5 million to AgroDesarrollo, a fund managed by local venture capital firm Sembrador that backs agribusiness entrepreneurs in rural Chile. The fund is targeting commitments totaling US$28 million.

"Lime Rock Invests US$25 Million in Romania's Expert Petroleum" (Central and Eastern Europe and the Commonwealth of Independent States)
Invest IQ (11/25/09)

U.S.-based private equity firm Lime Rock Partners will invest US$25 million in Expert Petroleum, a Romanian oil and gas company. The investment will be used to finance the reactivation of and drilling in fields leased by Expert Petroleum.

"Saigon Asset Management, RNG Invest Team Up for US$100 Million Fund" (Asia)
AltAssets.com (11/25/09)

Investment firm Saigon Asset Management (SAM) and fund manager RNG Invest are set to jointly launch an offshore fund that will focus on investments in pre-IPO companies, listed companies and real estate projects in Vietnam. The fund is targeting commitments totaling US$100 million. Separately, RNG plans to launch another Vietnamese-focused fund.

"African Buyout Firm Raises US$400 Million" (Africa)
Financial News (11/30/09)

Helios Investment Partners, an Africa-focused private investment firm, is set to hold the first close of its second fund with approximately US$400 million in commitments. The fund is targeting total commitments of US$650 million.

"Bumrungrad International Sells Stake in Bumrungrad Hospital Dubai to Istithmar World" (Middle East)
Financial Deals Tracker (12/02/09)

Istithmar World has acquired a stake in Bumrungrad Hospital Dubai, a provider of healthcare services, from Bumrungrad International Limited, an associate company of Thailand-based Bumrungrad Hospital Public Company Limited. The value of the transaction was not disclosed.

"IFC Invests in ETI" (Africa)
Africa News Service (11/26/09)

The International Finance Corporation (IFC) has invested approximately US$100 million in Pan-African bank Ecobank Transnational Inc. (ETI). The investment will make the IFC one of the largest shareholders in ETI. Previous investors include the Netherlands Development Finance Company (FMO) and private equity firm Emerging Capital Partners (ECP). ECP exited its stake in ETI in 2007.

"Cordiant Scores With World Bank Fund" (Industry News)
Globe and Mail (CAN) (12/01/09)

Canada-based Cordiant Capital has been appointed the manager of the newly created Infrastructure Crisis Facility Debt Pool, launched at the annual meeting of the World Bank Group in October. The Infrastructure Crisis Facility, which has raised approximately US$4 billion in commitments thus far, will focus on infrastructure projects in emerging countries.

"Devex Announces Investment From FIR Capital" (Latin America and the Caribbean)
FIR Capital Partners (11/26/09)

Brazil-based venture capital firm FIR Capital has made an investment in Devex S.A., the Brazilian market leader in mining operations management optimization solutions. The value of the transaction was not disclosed.

"Hony Capital Sells Lenovo Mobile Back to Former Parent Company in US$200 Million Deal" (Asia)
AltAssets.com (12/02/09)

China-focused private equity firm Hony Capital has sold its stake in Lenovo Mobile back to the company's former owner, Lenovo Group, for US$200 million. Hony purchased a reported 40 percent stake in Lenovo Mobile last year for US$45 million.

"Patria Sells 70 Percent Stake in Pao de Queijo" (Latin America and the Caribbean)
Valor Economico (12/03/09)

Standard Bank Private Equity has acquired a 70 percent stake in Brazilian cheese bread bakery and snack bar Casa do Pao de Queijo from private equity firm Patria Investments. The deal is valued at approximately US$41 million.

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