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Headlines
Industry News "New Global Investment House Fund Has Initial Closing at Over US$500 Million" (Middle East) "Actis Completes Sale of Globeleq for US$528 Million" (Industry News) "Aureos Invests in Airport Service Provider Aviance Ghana" (Africa) "Carlyle Makes First Exit in Mexico" (Latin America and the Caribbean) "Bridgepoint Tracks Into Poland" (Central and Eastern Europe and Russia) "Danish Group to Buy Shares of Vietnam-Based Eurowindow" (Asia) "Dubai-based Alcazar Capital Expands Foothold" (Africa) "Italy's Apri Sviluppo Private Equity PlansUS$148 Million Southeast Europe Energy Project Fund" (Central and Eastern Europe and Russia) "IDG Raises Korean Venture Fund" (Asia) "Arch to Offer China-Focused Private Equity Energy Fund" (Asia) "Innova Capital Acquires Leading Polish Financial Consulting Firm" (Central and Eastern Europe and Russia) "US to Finance New African Investment Funds" (Africa) Industry News "New Global Investment House Fund Has Initial Closing at Over US$500 Million" (Middle East) MENAFN.com (11/26/07) Kuwait-based Global Investment House has announced the initial closing of its Global Buyout Fund with over US$500 million in committed capital. The fund aims to take majority stakes in established companies in the MENA region as well as in India and China. It has already concluded an investment in leading Omani steel manufacturer Al Jazzeera Steel Company and is concluding acquisitions of stakes in a leading Turkish financial services company, a top building materials company in the MENA region, and a GCC pharmacy chain. The fund has a target of US$1.5 billion. Return to Headlines "Actis Completes Sale of Globeleq for US$528 Million" (Industry News) RTTNews (11/22/07) U.K.-based private equity firm Actis has sold the power generation businesses of Globeleq in North Africa and Asia to Malaysia-based Tanjong Energy Holdings and Saudi Arabia-based Aljomaih for US$528 million. Actis was serving as manager of CDC Group's stake in Globeleq. Actis has US$3.5 billion worth of funds under management and has invested over US$2.9 billion in more than 150 companies over the past decade. Return to Headlines "Aureos Invests in Airport Service Provider Aviance Ghana" (Africa) AltAssets.com (11/19/07) Aureos Capital has acquired a 33 percent stake in Aviance Ghana, a cargo handling service provider at Ghana's largest international airport, through the Aureos West Africa Fund. The fund, which has made ten investments, is focused on small and midsize companies in West Africa. Aureos plans to raise an Africa Fund with committed capital of US$400 million next year. Return to Headlines "Carlyle Makes First Exit in Mexico" (Latin America and the Caribbean) Financial News (11/21/07) Basar, Shanny The Carlyle Group's Mexico buyout fund has made its first exit, selling Hispanic Teleservices, a provider of bilingual call center services, to French outsourcing company Teleperformance for an undisclosed sum. Carlyle Mexico Partners acquired Hispanic Teleservices in December 2005 following the acquisitions of Mexico's second largest movie theater chain, Cinemex, in May 2004 and for-profit university Universidad Latinoamericana in September 2005. Private equity investment in Mexico is on the rise. In October, Advent International acquired funeral services company Grupo Gayosso for US$317 million, the second largest private equity buyout in Mexico to date; earlier in the year, Advent and other investors acquired construction company Grupo Corporativo Javer for US$500 million. Brazilian private equity firm GP Investments recently opened an office in Mexico as it seeks investments outside its home market for the first time. Return to Headlines "Bridgepoint Tracks Into Poland" (Central and Eastern Europe and Russia) Daily Deal (11/22/07) London-based buyout firm Bridgepoint has acquired CTL Logistics of Poland, the largest private rail logistics company in Eastern Europe. The price of the deal was not disclosed, but CTL is valued at around US$593 million. Bridgepoint opened an office in Warsaw earlier this year. Return to Headlines "Danish Group to Buy Shares of Vietnam-Based Eurowindow" (Asia) Asia Pulse (11/26/07) Danish investment management group BankInvest has invested US$10.5 million in Vietnam-based European Window Joint Stock Company (Eurowindow) through its Private Equity New Markets Fund. The fund, established last year, is BankInvest's first dedicated to Vietnam and has committed capital of US$100 million. Return to Headlines "Dubai-based Alcazar Capital Expands Foothold" (Africa) Middle East Company News Wire (11/20/07) Dubai-based private equity firm Alcazar Capital has made a US$58.5 million investment through the Alcazar Capital Partners Fund I for a 15 percent stake in a consortium that has agreed to acquire a 51 percent stake in Telkom Kenya for a total of US$390 million. The US$300 million fund is focused on the infrastructure, telecommunications, technology, and oil and gas sectors of the Indian subcontinent, the Middle East, and Africa. Its other two investments were in Aladdin Media, a Chinese outdoor advertising company, and Korek Telecom of Iraq. Return to Headlines "Italy's Apri Sviluppo Private Equity PlansUS$148 Million Southeast Europe Energy Project Fund" (Central and Eastern Europe and Russia) SeeNews (11/20/07) Apri Sviluppo Private Equity of Italy has announced plans to launch a US$148 million fund focusing on renewable energy projects in Southeastern Europe next year. Apri Sviluppo says that the fund will focus on Bulgaria, Albania, Romania, Kosovo, Croatia, Hungary, Macedonia, Serbia, Montenegro, and Slovenia. Return to Headlines "IDG Raises Korean Venture Fund" (Asia) Private Equity HUB (11/19/07) IDG Ventures has raised a US$100 million venture capital fund focused on early-stage technology companies in South Korea. IDG says it intends to use the fund to invest in 30 to 50 companies within the next five years, beginning in December. IDG Ventures has over US$2 billion under management and holds a stake in over 220 companies worldwide. Return to Headlines "Arch to Offer China-Focused Private Equity Energy Fund" (Asia) FINalternatives.com (11/19/07) London-based Arch Financial Products has announced plans to launch a US$500 million private equity fund focused on China's energy sector. The China AME Energy Fund will focus on midsize companies involved in the traditional oil, natural gas, and coal industries as well as oilfield services, energy infrastructure, and alternative energy. Return to Headlines "Innova Capital Acquires Leading Polish Financial Consulting Firm" (Central and Eastern Europe and Russia) Polish News Bulletin (11/19/07) Polish private equity firm Innova Capital has acquired a 60 percents stake in leading Polish financial consulting company Expander for an undisclosed sum. Innova Capital focuses on investments in Central Europe and manages about EUR500 million spread throughout four funds. Return to Headlines "US to Finance New African Investment Funds" (Africa) Reuters (11/19/07) The United States will provide US$250 million to launch three new African funds aimed at helping African businesses raise money. One, the Atlantic Coastal Regional Fund, will receive US$50 million and will focus on private equity investments in the transportation, financial services, telecommunications, and mining sectors of west and central Africa, including Cameroon, Cote d'Ivoire, Ghana, Nigeria, and Senegal. The other two will focus on investments in private and exchange-traded debt and equity securities across Africa. Funding will be provided by the U.S. Overseas Private Investment Corp. Two other African funds are planned under the initiative. Return to Headlines Abstract News © Copyright 2007 INFORMATION, INC. |
28 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  |