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Headlines
Industry News "Cisco and 3TS Launch New Venture Capital Fund for Central And Eastern Europe" (Central and Eastern Europe and Russia) "D.C. Private Equity Firm Sells Brazilian Retailer" (Latin America and the Caribbean) "Aureos Capital Plans US$400 Million Africa Equity fund" (Africa) "Blackstone Pays US$65 Million for 25 Percent Stake in Hyderabad Company" (Asia) "Jadwa First Saudi Firm in Aramco Joint Venture" (Middle East) "Mid Europa Completes Medycyna Deal" (Central and Eastern Europe and Russia) "Pactual Fund Agrees to Purchase Equatorial, Cemar" (Latin America and the Caribbean) "Dubai's Istithmar to Open Shanghai Office Soon" (Asia) "CDC Commits US$20 Million to New South African Private Equity Funds" (Africa) "Horizon Capital to Form US$300 Million Investment Fund for Ukraine, Moldova, and Belarus" (Central and Eastern Europe and Russia) "Ventureast Funds to Raise US$150 Million by March" (Asia) "Tarpon Investment Group's Fund Buys 25 Percent of Arezzo" (Latin America and the Caribbean) Industry News "Cisco and 3TS Launch New Venture Capital Fund for Central And Eastern Europe" (Central and Eastern Europe and Russia) Trading Markets (11/12/07) European private equity firm 3TS is launching the 3TS-Cisco Growth Fund III that will target small and midsize companies in the technology, media, and telecommunications sectors of Central and Eastern Europe. Computing network equipment manufacturer Cisco Systems will invest EUR30 million in the new fund. 3TS currently manages three funds that have total capital commitments of about EUR200 million and has offices in Budapest, Bucharest, Prague, Vienna, and Warsaw. Return to Headlines "D.C. Private Equity Firm Sells Brazilian Retailer" (Latin America and the Caribbean) Washington Post (11/07/07) Heath, Thomas Washington, D.C.-based buyout firm Acon Investments is selling Brazilian grocery chain GBarbosa to Chilean supermarket operator Cencosud for US$380 million, more than 13 times what Acon paid for GBarbosa when the private equity firm bought the supermarket chain from Dutch supermarket operator Royal Ahold in March 2005. Since Acon's acquisition, GBarbosa has grown from 36 to 49 stores and nearly doubled annual revenue. Acon has more than US$1.5 billion under management, with Latin America being a major focus for investments, along with the United States and Europe. Return to Headlines "Aureos Capital Plans US$400 Million Africa Equity fund" (Africa) Business Day (Nigeria) (11/06/07) Aureos Capital Limited plans to consolidate its West African, Southern African, and East African funds into a single pan-African Aureos Africa Fund. The fund should have US$400 million in committed capital by June. Aureos Capital focuses on investment in small to medium capital enterprises. In October, it acquired a 10 percent stake in car dealership and energy equipment provider Compagnie Sahelienne d'Industries of Senegal. Return to Headlines "Blackstone Pays US$65 Million for 25 Percent Stake in Hyderabad Company" (Asia) Trading Markets (11/07/07) Blackstone Group plans to acquire a 25 percent stake in Indian engineering firm MTAR Technologies for US$65 million. MTAR makes machine components for nuclear power reactors and engine parts for the aerospace and defense industries. Blackstone's other Indian investments include the 2007 acquisitions of a majority stake in Indian garment maker Gokaldas Exports and a minority stake in Nagarjuna Construction. Return to Headlines "Jadwa First Saudi Firm in Aramco Joint Venture" (Middle East) Reuters (11/08/07) Webb, Simon Saudi Arabia-based Jadwa Investment, established last year, has acquired a 30 percent stake in the Saudi Aramco Lubricating Oil Refining Company in a deal valued at US$500 million. Saudi Aramco is reportedly seeking private investments for other of its assets. In January, Aramco and Sumitomo Chemical of Japan plan to sell a 25 percent stake in US$9.8 billion joint refining and petrochemical venture PetroRabigh. Return to Headlines "Mid Europa Completes Medycyna Deal" (Central and Eastern Europe and Russia) Private Equity HUB (11/05/07) Mid Europa Partners has completed its acquisition of a 96 percent stake in Polish healthcare provider Medycyna Rodzinna from the Polish Enterprise Fund for about US$21.8 million. In October, Mid Europa acquired Polish healthcare company LUX-Med. Return to Headlines "Pactual Fund Agrees to Purchase Equatorial, Cemar" (Latin America and the Caribbean) Bloomberg (11/06/07) Parra-Bernal, Guillermo GP Investments will sell Brazilian energy companies Equatorial Energia SA and Companhia Energetica do Maranhao to the PCP Latin American Power Fund, controlled by the former partners of Banco Pactual SA. Brazil's energy market is valued at US$270 billion. Electricity demand in the nation has increased by nearly 5 percent annually since 1990. The acquisition is part of PCP's strategy of buying rivals. Return to Headlines "Dubai's Istithmar to Open Shanghai Office Soon" (Asia) Xinhua Financial Network (11/06/07) Reflecting increasing opportunities for private equity investment in China, government-funded investment house Istithmar of Dubai plans to open an office in Shanghai soon, says the company's CEO. Already, Istithmar has invested US$450 million in China, mostly in port and transportation assets. Return to Headlines "CDC Commits US$20 Million to New South African Private Equity Funds" (Africa) AltAssets.com (11/07/07) U.K. government-backed fund of funds manager CDC Group has invested US$10 million in both the Medu Capital Fund II raised by private equity firm Medu Capital of South Africa and the Horizon Equity III fund raised by Horizon Equity Partners. Both funds are dedicated to investments in South Africa. Medu currently has US$120 million in capital under management. The Horizon fund will target total capital commitments of about US$75 million. CDC has invested more than US$130 million in South African funds. Return to Headlines "Horizon Capital to Form US$300 Million Investment Fund for Ukraine, Moldova, and Belarus" (Central and Eastern Europe and Russia) Ukraine General Newswire (11/07/07) Ukraine-based Horizon Capital Associates plans to create a US$300 million Emerging Europe Growth Fund that will invest in mid-sized companies in the Ukraine, Moldova, and Belarus. The International Finance Corporation will invest up to US$20 million in the fund. This will be Horizon's second Emerging Europe Growth fund; its first was formed last year. Return to Headlines "Ventureast Funds to Raise US$150 Million by March" (Asia) India Business Insight (11/06/2007) Hyderabad-based venture capital firm Ventureast Funds expects to raise US$150 million by March of next year, doubling the capital under its management. Ventureast plans to use the funding for investments within India's life sciences and IT sectors. Return to Headlines "Tarpon Investment Group's Fund Buys 25 Percent of Arezzo" (Latin America and the Caribbean) InvestNews (Brazil) (11/08/07) Brazilian private equity firm Tarpon Investment Group has acquired a 25 percent stake in Brazilian footwear franchising chain Arezzo Industria e Comercio S.A. for about US$43.7 million. Arezzo Industria was formed by the merger of Brazilian footwear companies Arezzo and Schutz and operates 228 franchise units and six own-brand stores. Return to Headlines Abstract News © Copyright 2007 INFORMATION, INC. |
14 November 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  |