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Headlines
Industry News "GP Investments Acquires 50 Percent Stake in Farmasa for US$138.6 Million" (Latin America and the Caribbean) "Emerging Capital Partners Jointly Acquires Leading Moroccan Mining Company With Truffle Capital" (Africa) "Carlyle Group Invests in China's Top Private Hotel Chain" (Asia) "Ukrainian Regulator Clears SigmaBleyzer to Buy Kosmo Drugstore Chain" (Central and Eastern Europe and Russia) "Alf Yad Unveils Two Venture Investments" (Middle East) "Equity Races Ahead of Rivals With US$166 Million Capital Injection" (Africa) "ICICI Venture Pays US$127 Million for 25 Percent of Karvy Stake" (Asia) "HBG Closes US$200 Million Investment Vehicle" (Middle East) "BNP Paribas Finalizes Buy of JetFinance From AIG Capital" (Central and Eastern Europe and Russia) "Private Equity Firm Invests US$25 Million in Credito Real" (Latin America and the Caribbean) "DIC, HSBC, Oasis Hold US$300 Million First Closing on MENA Infrastructure Fund" (Middle East) "VinaCapital Completes Round of Funding for Vietnam Opportunities Fund" (Asia) Industry News "GP Investments Acquires 50 Percent Stake in Farmasa for US$138.6 Million" (Latin America and the Caribbean) Bloomberg (11/16/07) Marotto, Telma Brazilian private equity firm GP Investments has acquired a 50 percent stake in Brazilian pharmaceutical company Laboratório Americano de Farmacoterapia, or Farmasa, for about US$139 million. Farmasa has a portfolio of 80 brands and 150 products. Shares of GP Investments have more then tripled since they started trading last year. One reason is Brazil's booming economy. The country's IPO market, for one, is headed to become the world's third most active, following China and the United States, with 80 IPOs expected by year's end, raising a total of US$30 billion. Another reason for GP's success has been low valuations in the region. GP is set to step out of its home market with the opening of a new office in Mexico, where it will seek investments for a fund that recently closed with US$1.3 billion in committed capital, a quarter of which can be invested outside of Brazil. GP says that it will also seek opportunities for investment in Peru, Colombia, and Argentina. Return to Headlines "Emerging Capital Partners Jointly Acquires Leading Moroccan Mining Company With Truffle Capital" (Africa) PRNewswire (11/13/07) Private equity firms Emerging Capital Partners (ECP) and Truffle Capital have jointly acquired a 100 percent stake in Compagnie Miniere de Toussit (CMT), Morocco's oldest producer and exporter of lead, for US$53 million. CMT owns several mines and an ore treatment plant. The investment in CMT is ECP's third in the African mining sector; the other two are Anvil Mining of the Democratic Republic of Congo and Senegal's Mineral Deposits Limited. ECP's investment was made through the Moroccan Infrastructure Fund, which is co-managed with Attijari Invest, the private equity arm of Morocco's largest bank, Attijariwafa Bank. Truffle Capital is a leading investor in the energy sector with about US$438 million under management. Return to Headlines "Carlyle Group Invests in China's Top Private Hotel Chain" (Asia) Asia Pulse (11/19/07) The Carlyle Group has reportedly invested US$45.78 in China's leading private hotel operator, New Century. New Century says that an additional US$100 million is expected early next year as Carlyle seeks to acquire a 40 percent stake in the company. New Century currently operates over 20 hotels in China and has plans to add 35 more by 2010. Return to Headlines "Ukrainian Regulator Clears SigmaBleyzer to Buy Kosmo Drugstore Chain" (Central and Eastern Europe and Russia) Russia & CIS General Newswire (10/25/07) Regulators in Ukraine have given the greenlight for SBF Southeast European Holdings, a division of private equity group SigmaBleyzer, to acquire a majority stake in Sumatra Ltd, which owns the Kosmo drugstore chain. Kosmo has 51 outlets in the Ukraine. Sumatra says it has plans to open another 200 stores. SigmaBleyzer in February closed its fourth fund with US$326 million in committed capital, focusing on the Ukraine and Southeastern Europe. Return to Headlines "Alf Yad Unveils Two Venture Investments" (Middle East) Gulf News (United Arab Emirates) (11/13/07) Venture capital firm Al Yad Limited of Dubai has announced investments in Dubai-based Al Islami Foods and Ali Al Aidarous Legal Practice. The investments are part of an Al Yad initiative that will involve the launching of 10 successive venture capital funds focused on the Arab world. Return to Headlines "Equity Races Ahead of Rivals With US$166 Million Capital Injection" (Africa) allAfrica.com (11/14/07) Omondi, Michael London-based private equity firm Helios Investment Partners intends to acquire a 24.99 percent stake in Kenya's Equity Bank for about US$166 million. The private investment would be the largest from abroad to date in Kenya and would position Equity Bank to compete with Barclays Bank of Kenya within Kenya's financial services sector. Helios manages US$560 million worth of investments. In Kenya, it holds stakes in Flamingo Holdings and Afsaft Communications. Return to Headlines "ICICI Venture Pays US$127 Million for 25 Percent of Karvy Stake" (Asia) Business Standard (India) (11/15/07) Private equity firms ICICI Venture and Baring Private Equity Asia are jointly acquiring a 25 percent stake in Karvy Stock Broking (KSBL) of India for about US$127 million. KSBL has over 580 offices spread throughout India as well as in Dubai and New York. Return to Headlines "HBG Closes US$200 Million Investment Vehicle" (Middle East) Gulf News (United Arab Emirates) (11/13/07) Dubai-based private equity firm HBG Holdings has announced the second close of a US$200 fund focused on the Middle East and South Asia. The fund was launched in February. The first closing was announced in June with US$45 million in committed capital. HBG will continue to raise capital and is expected to achieve a final close by year's end. Return to Headlines "BNP Paribas Finalizes Buy of JetFinance From AIG Capital" (Central and Eastern Europe and Russia) SeeNews (11/13/07) BNP Paribas has acquired Bulgarian consumer credit firm JetFinance International from AIG Capital Partners for an undisclosed sum. JetFinance has about 500,000 clients and offers its products through about 3,600 retail outlets and its own branches. Return to Headlines "Private Equity Firm Invests US$25 Million in Credito Real" (Latin America and the Caribbean) Business News Americas (11/14/07) Mexican private equity firm Nexxus Capital will invest US$25 million in local consumer lender Credito Real. Nexxus Capital made the first closing for its newest fund, Nexxus Capital Private Equity Fund III, in January, with committed capital of US$94 million. Return to Headlines "DIC, HSBC, Oasis Hold US$300 Million First Closing on MENA Infrastructure Fund" (Middle East) AltAssets.com (11/14/07) Dubai International Capital subsidiary DIC Asset Management, HSBC Bank Middle East, and Oasis International Leasing have announced the first closing of the MENA Infrastructure Fund with US$300 million in committed capital. The fund, which will target startups as well as established companies in energy, transportation, and other infrastructure sectors, aims to raise US$500 million. Return to Headlines "VinaCapital Completes Round of Funding for Vietnam Opportunities Fund" (Asia) Asian Investor Online (11/19/07) de Ramos, Rita Raagas Vietnam fund management company VinaCapital recently closed its seventh round of fund raising for the Vietnam Opportunities Fund, which since launching in September 2004 has generated a return of 252 percent. The latest round raised the total committed to the fund by US$200 million to US$840 million. The fund currently holds stakes in dairy products producer Vinamilk, steel manufacturing and trading company Hoa Phat, and Refrigeration Electrical Engineering. VinaCapital also manages the US$635 million Vinaland Fund, the US$400 million Vietnam Infrastructure Fund, and the $30 million Draper Fisher Jurvetson VinaCapital Fund. Return to Headlines Abstract News © Copyright 2007 INFORMATION, INC. |
21 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  |