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Headlines
News From EMPEA Registration for EM PE Forum in NY in March - Now Open! Industry News "Bharti Sells Stake in Unit to Investors" (Asia) "JS Private Equity to Close Fund" (Middle East) "Dial Telecom Acquired by DCS Group" (Central and Eastern Europe and Russia) "Hola! Latin America, Say Private Equity Shops" (Latin America and the Caribbean) "Turkven Acquires Provus" (Middle East) "Linzor Acquires Stake in ING Chilean Health Insurance Unit" (Latin America and the Caribbean) "3i India Invests US$101 Million in Hyderabad Based Firm" (Asia) "ICBC to Set Up Fund With Standard Bank of South Africa" (Africa) "ECP Backs Nigerian Oil Firm" (Africa) "Private Equity Firms Buy Euro Carrier" (Central and Eastern Europe and Russia) "Al Mal Capital Launches Private Equity Program" (Middle East) "Dolphin Capital to Invest in Dominican Republic Resort Development" (Latin America and the Caribbean)
News From EMPEA
Registration for EM PE Forum in NY in March - Now Open!
Registration for the Emerging Markets Private Equity Forum in New York, March 27-28, 2008 is now open: http://www.peimedia.com/emny08
Industry News "Bharti Sells Stake in Unit to Investors" (Asia) Bloomberg (12/31/07) Sharma, Subramaniam A consortium of investors comprised of AIF Capital, Citigroup, Temasek, the Investment Corp. of Dubai, Goldman Sachs, Macquarie Group, and India Equity Partners has acquired a US$1 billion stake in Bharti Infratel, an operator of telephone transmission towers in India. Bharti Infratel, a unit of leading Indian mobile phone operator Bharti Airtel, owns nearly 20,000 transmission towers. Return to Headlines "JS Private Equity to Close Fund" (Middle East) Asia Private Equity Review (12/31/07) JS Private Equity, the private equity unit of leading Pakistani financial services organization JS Group, announced that its first fund dedicated to investments in Pakistan has raised US$158 million in committed capital. The fund was launched in 2006. Return to Headlines "Dial Telecom Acquired by DCS Group" (Central and Eastern Europe and Russia) Emerging Europe Telecommunications Insights (01/01/08) Digital Cable System Group (DCS) of Romania, managed by AIG Capital Partners, has acquired Romanian fixed-line operator Dial Telecom Romania for an undisclosed sum. AIG invested EUR45 million in DCS in September 2007. The acquisition fits with DCS' strategy to become a major provider of triple-play services in Romania. Return to Headlines "Hola! Latin America, Say Private Equity Shops" (Latin America and the Caribbean) Wall Street Journal (01/02/08) Latin America has re-emerged as a popular destination for private equity following the regional economic collapse of the 1990s. About US$3.7 billion in Latin America-dedicated funds have been raised by private equity firms through November. Fueling interest is the maturity an stability reached by many regional economies, policies that have successfully brought inflation under control, and the spending power of a growing middle class. Also, many opportunities for investments remain. Last year, US$4.9 billion in private equity transactions were conducted in Latin America, more than the amount or private equity dollars raised for the region, demonstrating an abundance of investment opportunities. Return to Headlines "Turkven Acquires Provus" (Middle East) Turkish Daily News Online (01/03/08) Turkey-based Turkven Private Equity has acquired a 70 percent stake in independent payment processor Provus Turkey and its operations in Romania for an undisclosed sum. Provus is the only third-party banking operations center handling payment processing in Turkey and provides services to 19 out of Turkey's 27 card-issuing banks. Turkven, which is closely affiliated with Advent International, has invested in seven companies since raising its first fund in 2002. It raised its second fund in 2007. Return to Headlines "Linzor Acquires Stake in ING Chilean Health Insurance Unit" (Latin America and the Caribbean) Latin American Venture Capital Association (01/02/08) Private equity firm Linzor Capital Partners, which has offices in Chile and Argentina, will acquire a 50 percent stake in ING Salud, the Chilean health insurer unit of Dutch financial services company ING Groep. ING Salud is Chile's third-largest health insurance company, owning a 19 percent market share as of the end of October. The Linzor Capital Partners LP Fund has about US$200 million in committed capital and currently owns a stake in South American cinema operator Hoyts. Return to Headlines "3i India Invests US$101 Million in Hyderabad Based Firm" (Asia) Times of India (12/31/07) U.K.-based private equity firm 3i has acquired a minority stake in engineering and construction firm Soma Enterprise of India for about US$101 million. The acquisition was made through the 3i India Infrastructure Fund. Soma is involved in India's highway, hydroelectric power, water, and urban infrastructure sectors. Return to Headlines "ICBC to Set Up Fund With Standard Bank of South Africa" (Africa) Comtex News Network (12/18/07) The Industrial and Commercial Bank of China (ICBC), the country's largest commercial lender in terms of assets, is considering the establishment of a private equity fund management venture with Standard Bank of South Africa. The fund will focus on Africa's energy and mineral industries. ICBC acquired a 20 percent stake in Standard in 2007. Return to Headlines "ECP Backs Nigerian Oil Firm" (Africa) Private Equity HUB (01/07/08) U.S.-based private equity firm Emerging Capital Partners (ECP) has invested US$35 million in Ocean & Oil Investments, a Nigerian holding company whose main asset is a 32 percent stake in Nigeria's largest indigenous diversified oil and gas company, Oando. The investment was made through ECP's US$523 million EMP Africa Fund II and is the private equity firm's fifth investment in Africa's oil and gas sector. Return to Headlines "Private Equity Firms Buy Euro Carrier" (Central and Eastern Europe and Russia) fibresystems.org (02/01/08) GTS Central Europe has entered into an agreement to be acquired by a consortium of private equity funds led by U.S.-based Columbia Capital and M/C Venture Partners and Poland-based Innova Capital. GTS Central Europe operates alternative telecom service providers in the Czech Republic, Poland, Hungary, Romania, and Slovakia. Return to Headlines "Al Mal Capital Launches Private Equity Program" (Middle East) AME Info (UAE) (01/05/08) UAE-based investment company Al Mal Capital has announced the launch of two funds that will focus on the Middle East and North Africa. The Al Mal Capital Partners Fund and Al Fares Private Equity Fund intend to raise a total of about US$95.3 million in committed capital. Return to Headlines "Dolphin Capital to Invest in Dominican Republic Resort Development" (Latin America and the Caribbean) Thomson Financial (01/03/08) Dolphin Capital Investors, the real estate investment unit of private equity firm Dolphin Capital Partners of Greece, will acquire a stake of at least 70 percent in Playa Grande Holdings under a joint venture with Aman Resorts. Playa Grande Holdings is the owner of site of the future Playa Grande resort in the Dominican Republic. The investment is Dolphin Capital Investors' first outside of the Eastern Mediterranean region, where the company is the leading investor in the residential resort sector. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. |
9 January 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  |