To view this online go to:
http://www.infoinc.com/EMPEA/121207.html
Blackberry users please scroll down for story text.
 |
|
| | Home | About EMPEA | Become a Member | Contact Us | | |
Headlines
Industry News "Conduit Capital Announces US$156 Million Sale of Inelec's Power Plants in Mexico" (Latin America and the Caribbean) "IDFC PE to Raise US$600 Million in Third Fund by March 2008" (Asia) "Private Equity Fund Warburg Pincus Acquires No. 2 Czech Web Portal" (Central and Eastern Europe and Russia) "Kenya's Equity Gets Regulatory Approval for Sale" (Africa) "Shuaa Partners Closes Frontier Opportunities Fund I" (Middle East) "Dish TV India to Raise US$63 Million Via Issue to Mauritius Private Equity Fund" (Asia) "The US$2 Billion China Bet" (Asia) "Askembla Growth Fund Buys Lithuania's Kausta Guder" (Central and Eastern Europe and Russia) "Romanian, U.S. Investors Buy Stake in Romanian IT Company BitDefender" (Central and Eastern Europe and Russia) "Dubai Fund to Back Clean Energy" (Asia) "Cartesian Closes Debut Fund" (Industry News) "Tishman Speyer Raises US$600 Million Brazil Fund" (Latin America and the Caribbean) Industry News "Conduit Capital Announces US$156 Million Sale of Inelec's Power Plants in Mexico" (Latin America and the Caribbean) Reuters (12/07/07) U.S.-based private equity firm Conduit Capital Partners has sold its 70 percent stake in Inelec, a portfolio of three hydroelectric power plants in Western Mexico, to Italy-based utility Enel, which paid US$156 million for the plants. The stake was owned by Conduit's Latin Power II Fund. Conduit Capital Partners is focused exclusively on the independent electric power and pipeline industries of Latin America and the Caribbean. It is currently investing its US$393 million Latin Power III Fund. Return to Headlines "IDFC PE to Raise US$600 Million in Third Fund by March 2008" (Asia) LiveMint (12/10/07) Sengupta, Snigdha India-based IDFC Private Equity plans to close its third India-focused infrastructure fund by March 2008 with US$600 million in committed capital. Its parent, state-owned Infrastructure Development Finance Co., is in the process of closing the first round of commitments to a US$5 billion infrastructure fund that will include debt and equity; co-investors include Blackstone Group and Citigroup. IDFC Private Equity has invested in 22 companies to date, including three airports and 31 roads and bridges. With the third fund, it will have US$1.2 billion in funds under management. Return to Headlines "Private Equity Fund Warburg Pincus Acquires No. 2 Czech Web Portal" (Central and Eastern Europe and Russia) International Herald Tribune (12/04/07) Private equity firm Warburg Pincus has acquired a majority stake in NetCentrum SRO, a Czech company that operates the country's second leading Web portal. Though the terms of the deal were not released, the Web portal is valued at about US$147 million. NetCentrum's prior shareholders included Baring Private Equity Partners and Intel Capital, an investment fund of Intel Corp. Return to Headlines "Kenya's Equity Gets Regulatory Approval for Sale" (Africa) Reuters (12/06/07) Regulators have given private equity firm Helios Investors the green light to proceed with the planned acquisition of a 24.99 percent stake in Kenya's Equity Bank. The deal will make Helios the bank's single largest shareholder. Equity Bank has 70 branches in Kenya. Return to Headlines "Shuaa Partners Closes Frontier Opportunities Fund I" (Middle East) AME Info (UAE) (12/08/07) Dubai-based private equity firm Shuaa Partners has closed its Frontier Opportunities Fund I with US$100 million in committed capital. The fund will focus primarily on investment opportunities in Syria. Investments in Jordan and Lebanon will also be considered. The fund has already acquired a stake in Syria's leading Global System for Mobile Communications (GSM) operator, Syriatel. Return to Headlines "Dish TV India to Raise US$63 Million Via Issue to Mauritius Private Equity Fund" (Asia) Asia Pulse (12/06/07) Mauritius-based Indivision Capital, the private equity arm of Future Capital, will acquire a 4.9 percent stake in television services provider Dish TV India for about US$63 million. Dish TV India currently has about 2.6 million subscribers, giving it a market share of 67 percent, and has plans to add an additional 1 million subscribers by year's end by expanding the number of locations it offers service in. Future Capital is a London-based alternative investment firm. Return to Headlines "The US$2 Billion China Bet" (Asia) Wall Street Journal (12/05/07) Leow, Jason Fang Fenglei, Goldman Sachs Group's partner in China, is establishing a US$2 billion fund that will focus on local state-owned companies. Investing US$1 billion in the fund will be Singapore's state owned investment company, Temasek Holdings, which has been augmenting its large, direct holdings in Chinese companies with indirect stakes through private equity funds. The US$2 billion fund is the second private equity project headed by Fang to be announced in recent days. In late November, it was reported that Fang has launched Hope Investments, which will partner with state-backed Suzhou Ventures Group to form the China-Singapore High Tech Industrial Investment Fund that will focus on investments in China. That fund has been approved by Chinese regulators to raise up to US$1.4 billion. Return to Headlines "Askembla Growth Fund Buys Lithuania's Kausta Guder" (Central and Eastern Europe and Russia) Baltic News Service (12/03/07) Sweden's Askembla Growth Fund, the largest private equity fund devoted to the Baltics, has acquired a 95.5 percent stake in Lithuanian construction equipment vendor Kausta Guder. Askembla's other investments in Lithuania include IT group Sonex and a golf course just outside the capital Vilnius. Return to Headlines "Romanian, U.S. Investors Buy Stake in Romanian IT Company BitDefender" (Central and Eastern Europe and Russia) SeeNews (12/06/07) The Romanian-American Enterprise Fund and the Balkan Accession Fund have acquired a 5-7 percent stake in Romanian IT company BitDefender for US$7 million. BitDefender distributes antivirus and data security software through a network of partners in upwards of 180 countries. Return to Headlines "Dubai Fund to Back Clean Energy" (Asia) Financial Times (12/05/07) Aglionby, John Dubai-based Istithmar World Ventures is partnering with British climate-change project developer Sindicatum Carbon Capital to raise a fund targeting US$600 million in committed capital aimed at climate change mitigation. The Istithmar & Sindicatum Climate Change Partnership Fund will primarily seek projects in Asia, including one already announced with Odira Energy Persada of Indonesia. Dubai World, Dubai's sovereign wealth fund, plans to commit US$150 million to the fund. Return to Headlines "Cartesian Closes Debut Fund" (Industry News) Private Equity HUB (12/04/07) New York-based Cartesian Capital Group, founded by former AIG Capital Partner senior managers in late 2005, has closed its first fund with US$1.05 billion in committed capital. The fund will focus on investments in emerging markets. Return to Headlines "Tishman Speyer Raises US$600 Million Brazil Fund" (Latin America and the Caribbean) Dailyii.com (12/10/07) U.S.-based real estate firm Tishman Speyer has raised a US$600 million fund aimed at Brazil's real estate industry. Tishman Speyer has an office in Sao Paulo, where it owns three office towers in addition to one in Rio de Janeiro. The latest fund is its eleventh. Return to Headlines Abstract News © Copyright 2007 INFORMATION, INC. |
12 December 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  |