To view this online go to:
http://www.infoinc.com/EMPEA/040208.html
Blackberry users please scroll down for story text.
 |
|
| | Home | About EMPEA | Become a Member | Contact Us | | |
Headlines
News From EMPEA EMPEA invites NewsWatch readers to participate in LP Interest in Emerging Markets Private Equity Survey... EMPEA and Norton Rose announce Role of Sovereign Wealth Funds in Private Equity Survey... Industry News "Swicorp to Invest in Saudi Solar Energy Project" (Middle East) "Standard Is Awarded $100 Million in Initial Funding for an African Debt Fund Mandate" (Africa) "NBK Capital Planning Four Buys This Year for US$250 Million Fund" (Middle East) "China's CICC, Carlyle Invest US$35 Million in Shenzhen Aohua Medical" (Asia) "PE Eyes New Brazil Low Cost Airline" (Latin America and the Caribbean) "Macquarie, MBK Partners Seal US$2 Billion South Korea Deal" (Asia) "Colombia PE Infrastructure Fund Takes Shape" (Latin America and the Caribbean) "TPG to Buy 50 Percent in Russian Pharmaceutical Distributor SIA" (Central and Eastern Europe and Russia) "Gulf Capital and Credit Suisse Tie Up" (Middle East) "Russia's Troika Dialog Wants Temasek for US$1 Billion Fund" (Central and Eastern Europe and Russia) "Fan Maker Sells Shares to Foreign Investor" (Asia) "Private Equity Firm Sells Stake in Romanian Supermarket Chain" (Central and Eastern Europe and Russia)
News From EMPEA
EMPEA invites NewsWatch readers to participate in LP Interest in Emerging Markets Private Equity Survey... EMPEA's 2008 Survey of LP Interest in Emerging Markets Private Equity measures year-over-year changes in LP appetites for the asset class, including geographic allocation strategies, returns expectations, and drivers of interest. Last year's results are available at: www.empea.net/research/EMPEA_LPSurveyExecSum_2007.pdf To participate in the 2008 LP Survey please visit www.surveymonkey.com/s.aspx?sm=IQ8fnrIBdVu01sRgWjNKIA_3d_3d Results will be available later this spring. Web Link | Return to Headlines EMPEA and Norton Rose announce Role of Sovereign Wealth Funds in Private Equity Survey... EMPEA and Norton Rose LLP are conducting a survey on the views of GPs and LPs regarding the evolving Role of Sovereign Wealth Funds in Private Equity. To participate in this survey please visit: response.questback.com/nortonrosellp/sovereignwealthfunds/ Results will be available later this spring. Web Link | Return to Headlines Industry News "Swicorp to Invest in Saudi Solar Energy Project" (Middle East) Al-Bawaba (03/26/08) Swicorp Joussour, a private equity unit of Saudi Arabia-based financial company Swicorp, is partnering with Chemical Development Company of Saudi Arabia and NorSun of Norway to invest in the construction of a polysilicon plant in the industrial city of Jubail. Under the terms of the agreement, NorSun will hold a 50 percent stake in the venture, with Swicorp Joussour and CDC holding the rest. The investment fits in with Swicorp Joussour's focus on the energy sector. Return to Headlines "Standard Is Awarded $100 Million in Initial Funding for an African Debt Fund Mandate" (Africa) AME Info (UAE) (03/30/08) The Overseas Private Investment Corporation, a U.S. government-backed development finance organization, will commit up to US$100 million for Standard Bank Group's Standard Africa Development Fund. The fund will focus on corporate debt in Sub-Saharan Africa, with the exception of South Africa. Return to Headlines "NBK Capital Planning Four Buys This Year for US$250 Million Fund" (Middle East) Gulf Daily News (Bahrain) (03/27/08) NBK Capital, the investment banking unit of the National Bank of Kuwait, says it is planning up to four regional acquisitions valued at about US$80 million for an unspecified US$250 million fund this year. One of the planned acquisitions will be "a very large car leasing company" in Saudi Arabia. NBK is expanding its presence from Kuwait and Dubai to Egypt this year and Qatar and Saudi Arabia next year. Return to Headlines "China's CICC, Carlyle Invest US$35 Million in Shenzhen Aohua Medical" (Asia) Xinhua Financial Network (03/17/08) The Carlyle Group and China International Capital Corp. (CICC) have jointly invested US$35 million in Shenzhen Aohua Medical Services of China. The investment is the first made directly by CICC, which in September won approval from Chinese regulators to make direct investments in companies with listing potential. CICC's share in the investment was reportedly no more than US$10 million. Return to Headlines "PE Eyes New Brazil Low Cost Airline" (Latin America and the Caribbean) Latin Finance (03/08) JetBlue founder David Neeleman has reportedly gained commitments from at least seven private equity firms for US$150 million in financing to start a low-cost airline in Brazil. The consortium of investors is led by Connecticut-based Pequot Capital and includes U.S. firms Weston Presidio, Wexford Capital, Peterson Partners, Zweig Associates, and Dimenna & Kadon as well as Brazil’s GIF Gestao. The airline will be based in Sao Paulo and will begin operations by early 2009, with plans to serve most major markets in Brazil with up to 76 new aircraft by 2013. Return to Headlines "Macquarie, MBK Partners Seal US$2 Billion South Korea Deal" (Asia) Reuters (02/28/08) A consortium led by Macquarie Korea Opportunities Fund and MBK Partners, set up by former The Carlyle Group Asia head Michael Kim, have acquired a 92.5 percent stake in South Korea's No. 2 cable television operator, C&M Co., for US$2 billion. South Korea's adoption of digital and broadband television services and the easing of existing regulations over coverage areas have sparked hopes for consolidation and expansion within the country's cable market. Also participating in the buyout was South Korean fund manager Mirae Asset Management. Return to Headlines "Colombia PE Infrastructure Fund Takes Shape" (Latin America and the Caribbean) Latin Finance (03/08) Julio Torres, the former head of public credit in Colombia, is raising capital for the ND Latin America Infrastructure Fund I. The fund will focus on infrastructure in Colombia and will seek to close with between US$100 million and US$150 million in committed capital by July. Return to Headlines "TPG to Buy 50 Percent in Russian Pharmaceutical Distributor SIA" (Central and Eastern Europe and Russia) Prime-Tass Business Newswire (03/26/08) TPG Capital is reportedly set to acquire a just-under 50 percent stake in Russian pharmaceutical distributor SIA International. SIA owns a 21 percent share of the Russian pharmaceutical market. Analysts value a 50 percent stake in SIA International at roughly US$1 billion. Return to Headlines "Gulf Capital and Credit Suisse Tie Up" (Middle East) Emirates Business 24/7 (UAE) (03/23/08) Hoath, Nissar Credit Suisse will focus on investments in the Middle East under a new agreement signed with Abu Dhabi-based private equity firm Gulf Capital. Soon after the agreement was signed, Gulf Capital announced its plans to invest in at least five companies a year, focusing on areas such as pipeline projects, oil and gas, logistics and transportation, education, and healthcare. Return to Headlines "Russia's Troika Dialog Wants Temasek for US$1 Billion Fund" (Central and Eastern Europe and Russia) Reuters (03/31/08) Troika Dialog, one of Russia's largest investment banks, has announced plans for a US$1 billion infrastructure fund that will focus on Russia's utilities and logistics sectors, including waste management, electricity, water supply, and port terminals. The fund is scheduled to have its first closing in January 2009. Troika Dialog’s 2005 Russia New Growth fund focused on the retail, entertainment, and financial sectors. Troika plans to open an office in Singapore in 2008 to have closer access to the Asian market. Return to Headlines "Fan Maker Sells Shares to Foreign Investor" (Asia) Vietnam News (03/15/08) Danish investment group BankInvest has acquired a 25 percent stake in Vietnam fan maker Quat Viet Nam through its US$100 million Private Equity New Markets (PENM) Fund. Vietnam-focused PENM was launched in September 2006 and has made four previous investments: AAA Insurance, Duc Thanh Furniture, plastic window firm Eurowindow, and beauty salon and cosmetic distribution group Hals. PENM 2, which will also be focused on Vietnam, has already raised US$200 million with the goal of raising an additional US$100 million before closing. Return to Headlines "Private Equity Firm Sells Stake in Romanian Supermarket Chain" (Central and Eastern Europe and Russia) Thomson Financial (03/31/08) Greek private equity firm Global Finance has agreed to sell its 90 percent stake in Romania based-supermarket chain La Fourmi to supermarket group Delhaize Group. La Fourmi operates 14 supermarkets in Bucharest and was the first supermarket chain to open in the city. Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
|
2 April 2008
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 and advertising inquiries, please contact: Emerging Markets Private Equity Association  |