"Gulf Capital Closes GC Equity Partners Fund II" (Middle East)
Al Bawaba (02/22/10)

Middle Eastern private equity firm Gulf Capital has held the final closing of GC Equity Partners II with commitments totaling US$533 million. The fund has already made investments worth approximately US$160 million, including the recent acquisition of a 75 percent stake in TechnoScan, an Egyptian chain of medical diagnostic imaging centers.

"Latitud Sur Private Equity Fund About to Be Launched" (Latin America and the Caribbean)
Esmerk (02/11/10)

Latitud Sur, a private equity fund specializing in renewable energy projects, is set to be launched. The fund, established as a joint venture between investment firm Nevasa and former president of Empresa Electrica Pilmaiquen, German Guerrero Espinoza, is targeting commitments totaling approximately US$30 million.

"Seismo-Shelf Receives US$5 Million From Allianz Rosno" (Central and Eastern Europe and the Commonwealth of Independent States)
Invest IQ (02/13/10)

Russia’s Allianz Rosno Asset Management has invested US$5 million in marine research technology company Seismo-Shelf. The investment will be made via Allianz Rosno's US$100 million New Technologies venture fund, which was established in 2009 to seek opportunities in emerging Russian technologies.

"Pinera Sheds Clinic Stake" (Latin America and the Caribbean)
Latin Finance (02/10)

Celfin Capital has acquired a 9.7 percent stake in Clinica Las Condes, a Chilean private hospital, from Chilean president-elect Sebastian Pinera's Bancard Inversiones. The deal is valued at approximately US$37 million.

"Penta Acquires PR Market" (Central and Eastern Europe and the Commonwealth of Independent States)
Esmerk (02/16/10)

Slovakia-based private equity firm Penta Investments has acquired PR Market, the operator of 45 Koruna food stores in the Czech Republic, for an undisclosed sum. Penta already owns a chain of 100 Zabka stores in the Czech Republic and plans to open another 60 in 2010.

"Anglo to Sell Parts of Tarmac Unit" (Central and Eastern Europe and the Commonwealth of Independent States)
Bloomberg (02/16/10)

Private equity firm Innova Capital is acquiring the Polish concrete products business of building materials supplier Tarmac from mining firm Anglo American for an undisclosed sum. The investment is being made through Innova/4 LP, a fund focused on Central and Eastern Europe.

"AfDB Approves EUR15 Million Commitment to Infrastructure Fund" (Africa)
African Press Agency (02/19/10)

The African Development Bank (AfDB) Group is committing EUR15 million to the Argan Infrastructure Fund (ARIF), which is managed by Infra Invest, a subsidiary of Morocco-based fund management company Argan Invest. ARIF plans to invest approximately 40 percent of its funds in Morocco, 30 percent in other North African countries and the remainder in Sub-Saharan Africa with a primary focus on West Africa.

"Al Rajhi Capital and Arcapita Announce Launch of Real Estate Income Fund" (Middle East)
Al Bawaba (02/22/10)

Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia’s Al Rajhi Bank, and Arcapita Bank, an international investment firm headquartered in Bahrain, have launched the ARC Real Estate Income Fund. The fund, which is targeting commitments totaling US$500 million, will invest in real estate assets in Saudi Arabia and other countries of the Gulf Cooperation Council. The focus will be on logistics warehouses, as well as healthcare and education-related assets. Al Rajhi Capital and Arcapita will seed the fund with a joint commitment of US$50 million.

"QInvest to Buy 25 Percent Stake in India's Ambit" (Asia)
Reuters (02/18/10)

QInvest, Qatar's largest investment bank, is acquiring a 25 percent stake in India-based Ambit Group, whose activities include corporate finance, wealth management and private equity, for an undisclosed amount. The transaction marks QInvest's first investment in India, alongside of which QInvest plans to become an anchor investor in a hedge fund and Shariah-compliant fund to be raised by Ambit.

"ASEC Holding Acquires Additional Stake in ASEC Cement" (Africa)
AME Info (UAE) (02/21/10)

ASEC Holding, Egypt-based private equity firm Citadel Capital's platform company in the regional cement production, engineering and construction industries, has acquired an additional 9 percent stake in Egypt's ASEC Cement for approximately US$80 million from Emirates International Investment Company. The transaction will increase ASEC Holding's stake in ASEC Cement to 61 percent.

"Actis Invests US$50 Million in Integreon" (Asia)
VC Circle (02/17/10)

Actis, an emerging markets-focused private equity firm, is acquiring a significant minority stake in Integreon, an India-based provider of legal support, research and business services to law firms, financial institutions and corporations. Actis has invested alongside Ayala Corporation, the holding company of a Philippines-based conglomerate. The deal is valued at approximately US$50 million.

"RHEA Makes Clean Infrastructure Investment in Turkey" (Central and Eastern Europe and the Commonwealth of Independent States)
RHEA Investments (02/18/10)

RHEA Investments, an asset management platform focused on Turkey, is acquiring a 33 percent stake in the country’s first fully-integrated solid waste and energy company, Envitec, for US$7 million. The investment will be made through RHEA’s public Venture Capital Investment Trust Vakif Girisim.