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Industry News

"Carlyle Group Buys 51 Percent Stake In Brazil's Scalina" (Latin America and the Caribbean)
Dow Jones Newswires (08/30/10)

Private equity firm The Carlyle Group has acquired a 51 percent stake in Scalina, a Brazilian manufacturer and retailer of woman’s hosiery and lingerie. The deal is valued at approximately US$160 million.

"Clearwater Capital Takes Additional Stake in India's Jamna Auto" (Asia)
Asian Venture Capital Journal (08/25/10)

Private investment firm Clearwater Capital Partners has acquired an additional 4 percent stake in Jamna Auto Industries for approximately US$3.2 million. The investment gives Clearwater a 30 percent stake in the company.

"Warburg Pincus Trims Intime Stake" (Asia)
FinanceAsia (08/25/10)

Warburg Pincus has sold just over a third of its remaining stake in Chinese department store operator Intime Department Store Group for approximately US$133 million. This was Warburg Pincus’ second divestment of Intime stock. The private equity firm owns a 9.1 percent stake in Intime following the latest sale.

"Uganda Railway Deal Signed" (Africa)
Daily Monitor (Uganda) (08/26/10)

A revised agreement on the running of the Kenya-Uganda Railway has been signed, ending months of negotiations. The agreement officially recognizes Egypt-based private equity firm Citadel Capital as owning a 51 percent stake in RVR, the company that owns the concession over the railway. Other shareholders include Kenya-based private equity firm TransCentury, which owns a 34 percent stake in RVR under the agreement.

"Milestone Religare Buys 5 Percent Stake in CARE Ratings" (Asia)
Economic Times of India (08/25/10)

Private equity firm Milestone Religare Investment Advisors, a joint venture between India-based Religare Enterprises and Milestone Group, has acquired a 5 percent stake in local rating agency Credit Analysis & Research (CARE). The deal is valued at approximately US$16 million.

"TPG to Raise Two Yuan Funds" (Asia)
Wall Street Journal (08/23/10)

U.S.-based private-equity firm TPG Capital announced that it would raise a second yuan-denominated fund just one day after the firm announced it would launch its debut yuan-denominated fund. Each fund will target commitments totaling approximately US$735 million. TPG China Partners I is being raised with support from the Shanghai municipal government and the Pudong New Area government and will focus on the consumer and services sectors. TPG Western China Growth Partners I, meanwhile, will be launched in the southwestern city of Chongqing and will focus on making on-shore investments to support the growth and expansion of Chinese companies to and from Western China.

"Qatar First Investment Bank and ARGUS Capital Acquire Stakes in Turkish Healthcare Provider" (Central and Eastern Europe and the Commonwealth of Independent States)
Zawya.com (08/27/10)

Qatar First Investment Bank and U.K.-based private equity firm ARGUS Capital have acquired a 40 percent stake in Turkish healthcare provider Memorial Health Group. The value of the transaction was not disclosed.

"Arca Capital Sells Natura to BZ Energo" (Central and Eastern Europe and the Commonwealth of Independent States)
Invest IQ (08/24/10)

Private equity firm Arca Capital Bohemia has fully exited Czech food company Natura through the sale of a 100 percent stake to BZ Energo. Arca first invested in Natura in April 2008. Details of the transaction were not disclosed.

"L Capital Asia Invests in China Retailer" (Asia)
Financial Times (08/27/10)

Private equity firm L Capital Asia has acquired convertible bonds and warrants worth US$31 million in Emperor Watch & Jewellery, a Hong Kong-based luxury retailer. The transaction gives L Capital Asia a 6.9 percent stake in the company.

"Mid Europa Buys Three Bosnian Cable Operators" (Central and Eastern Europe and the Commonwealth of Independent States)
SeeNews (08/27/10)

Private equity firm Mid Europa Partners has acquired three Bosnian cable operators for an undisclosed sum. Mid Europa plans to merge BH Cabel Net, Elob and GlobalNET under the Telemach brand, a Slovenian cable TV and broadband operator previously acquired by the private equity firm.

"Spring Capital Has Achieved a Final Closing of New Fund" (Asia)
Spring Capital Asia (08/31/10)

Hong Kong-based Spring Capital Asia has held the final close of its maiden fund with US$250 million in total commitments. The fund is focused on early-growth investments in lower mid-market Chinese companies.

"BizArk Obtains IDG Investment" (Asia)
Oriental Morning Post (08/24/10)

IDG Capital Partners, a China-focused venture capital firm, has invested in foreign-trade e-commerce solutions provider BizArk. The deal is valued at approximately US$40 million.

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