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Headlines
Industry News "Milestone in China Private-Equity as Bohai Fund Makes First Investment" (Asia) "Advent Racks Up Mexican Acquisitions" (Latin America and the Caribbean) "China Grabs a Slice of Africa" (Africa) "Global Buyout Fund Acquires Major Stake in Omani Steel Company" (Middle East) "Great Circle Fund to Invest in Turkish Logistics Firm Balnak" (Middle East) "Global Infrastructure Partners Acquires Majority Stake in East India Petroleum Limited" (Asia) "Zamil Group and Haykala Acquire Premiere Casing Services" (Middle East) "KBC Private Equity Acquires Polish Scooter Distributor ZIPP" (Central and Eastern Europe and Russia) "Nafta Moskva, Delta Private Equity Discuss Asset Swap" (Central and Eastern Europe and Russia) "Minority Stakes Play Major Role" (Industry News) "KHC's PAIP I Logs Growth in African Investment" (Africa) "ALPHA Closes Eastern Europe Private Equity Fund" (Central and Eastern Europe and Russia) Industry News "Milestone in China Private-Equity as Bohai Fund Makes First Investment" (Asia) Wall Street Journal (10/29/07) Carew, Rick Bohai Industrial Investment Fund Management's Bohai Fund has made its first investment, US$201 million for a 20 percent stake in Tianjin Pipe, China's leading producer of high-quality steel pipe for use in oil pipelines. Bohai Fund is the first of a new class of homegrown private equity funds promoted by China's government to compete with global private equity firms that have traditionally dominated the private equity landscape in China. The Bohai Fund raised about US$816.5 million in capital last year. Return to Headlines "Advent Racks Up Mexican Acquisitions" (Latin America and the Caribbean) Financial News (10/26/07) Basar, Shanny Buyout firm Advent International has acquired Mexican funeral services company Grupo Gayosso for US$317 million. The deal is the second-largest private equity buyout in Mexico to date. The largest was July's US$500 million acquisition of construction company Corporativo Javer. Advent also took part in that deal. That same month, Advent closed its fourth Latin American fund with US$1.3 billion in committed capital, a sum recently equaled by GP Investments' fourth fund. Return to Headlines "China Grabs a Slice of Africa" (Africa) Forbes (10/25/07) Olson, Parmy China's largest bank, the state-run Industrial and Commercial Bank of China (ICBC), has announced plans to acquire a 20 percent stake in Africa's biggest bank, Standard Bank, for US$5.5 billion. If approved by South African regulators and ICBC shareholders, the deal would lead to the creation of a US$1 billion private equity fund that will be established by the two companies to focus on emerging markets. The partnership would leverage Standard Bank's experience in and access to emerging markets, particularly throughout Africa, with ICBC's huge Chinese client base and investment interest. Standard Bank has a presence in 17 African nations and investments in many African firms. Chinese officials have already signaled an interest in investment opportunities in South Africa, Nigeria, Cameroon, Zambia, Congo-Brazzaville, and Angola. A deal could also bring other Chinese banks into the African market. Return to Headlines "Global Buyout Fund Acquires Major Stake in Omani Steel Company" (Middle East) Al-Bawaba (10/28/07) Global Investment House has acquired a 51 percent stake in Oman's Al Jazeera Steel Product Company. The investment was made through the recently launched Global Buyout Fund, focused on investments in the Middle East and North Africa. Global Investment House manages over US$1.5 billion in private equity funds and has invested in over 40 companies in the MENA region. Return to Headlines "Great Circle Fund to Invest in Turkish Logistics Firm Balnak" (Middle East) Russia & CIS General Newswire (10/22/07) The Great Circle Fund administered by Alfa Capital Partners of Russia will invest in Turkish logistics company Balnak Logistics Group. The fund focuses on the transportation and logistics services sectors of Eastern Europe and the CIS states. Balnak Logistics specializes in cargo transport and forwarding services. Return to Headlines "Global Infrastructure Partners Acquires Majority Stake in East India Petroleum Limited" (Asia) Business Wire (10/24/07) U.S.-based private equity firm Global Infrastructure Partners has acquired a 74 percent stake in East India Petroleum Limited (EIPL) through a partnership with private equity firm Zeus Infra-management of India for an undisclosed sum. EIPL is a provider of liquid storage services for petroleum, oil and lubricant products, petrochemicals, liquefied petroleum gas, and biodiesel. Global Infrastructure Partners focuses on global infrastructure assets across the globe. Zeus Infra-management focuses on the real estate and infrastructure sectors in India. Return to Headlines "Zamil Group and Haykala Acquire Premiere Casing Services" (Middle East) Middle East Company News Wire (10/24/07) Egyptian private equity company Haykala Investment Managers and investment company Zamil Group of Saudi Arabia have each acquired a 50 percent stake in Premiere Casing Services, a leading oilfield services company in Egypt, specializing in running steel casing pipes in oil and gas wells. This is Haykala's first investment in the regional oil and gas industry, but not its last, says the company. Haykala's other local investments include confectionary company Honeywell and Nile Co for Food Industries, the manufacturer of Enjoy dairy products and fruit/vegetable juice. Return to Headlines "KBC Private Equity Acquires Polish Scooter Distributor ZIPP" (Central and Eastern Europe and Russia) Forbes (10/24/07) KBC Private Equity, part of KBC Group of Belgium, has acquired Polish scooter distributor ZIPP from bicycle maker Kross. This is KBC Private Equity's first investment in Poland. Return to Headlines "Nafta Moskva, Delta Private Equity Discuss Asset Swap" (Central and Eastern Europe and Russia) Prime-Tass Business Newswire (10/23/07) Russian group Nafta Moskva and Delta Private Equity Partners are negotiating a possible swap of Russian telecom assets. Under the terms of the deal, Nafta Moskva would trade its stake in National Telecommunications for a controlling stake in Almirida, which controls television company Novy Vybor and Internet service provider Netville. National Telecommunications owns 74 percent of Mosteleset, which owns cable television operator Mostelecom, as well as 100 percent of cable television operator National Cable Networks. Return to Headlines "Minority Stakes Play Major Role" (Industry News) Financial News (10/25/07) Davey, Nicolette Global private equity firms are taking a cautious approach when it comes to emerging markets, sometimes eschewing buyouts for minority stakes to avoid regulatory issues and negative sentiment toward foreign investors. For example, The Carlyle Group in 2005 cut its planned acquisition of an 85 percent stake in Chinese machinery maker Xugong to 45 percent due opposition from the local government. More recently, U.K. buyout firm Permira acquired a 20 percent stake in Macao gambling group Galaxy in early October. And Aurora Russia is building a portfolio of companies in Russia in which it has a minority, but controlling, stake. Return to Headlines "KHC's PAIP I Logs Growth in African Investment" (Africa) MENAFN.com (10/24/07) Saudi Arabia-based Kingdom Holding Company has announced that its Zephyr PAIP I fund operated through a partnership with New York-based private equity firm Zephyr Management has realized an internal rate of return of 94 percent in three years from its investments in Africa. PAIP has invested over US$100 million in Africa, focusing on the telecommunications, IT, financial services, mining, and retail sectors. Its portfolio includes financial services provider Letshego of Botswana; pan-African mobile phone service provider Celtel; and Ecobank, a leading independent regional banking group in West and Central Africa. Return to Headlines "ALPHA Closes Eastern Europe Private Equity Fund" (Central and Eastern Europe and Russia) FINalternatives.com (10/24/07) Switzerland-based ALPHA Associates has closed a fund of funds focused on Central and Eastern Europe. The ALPHA CEE II fund closed with US$439 million in capital. The fund has already committed over 40 percent of the total raised. Return to Headlines Abstract News © Copyright 2007 INFORMATION, INC. |
31 October 2007
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, please contact: To advertise, contact: Emerging Markets Private Equity Association  |