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Headlines
Industry News "GEF Raises US$325 Million for New Fund" (Industry News) "AIG Investments Invests in Calyx Agro" (Latin America and the Caribbean) "Global Investment House Buys 10 Percent of Kuwaiti Importer" (Middle East) "Capital International Raises US$2.25 Billion for Emerging Markets" (Industry News) "Baring Private Equity Raises US$1.52 Billion Fund" (Asia) "Omidyar Network and Legatum Invest US$40 million as Co-Anchors of Unitus Fund" (Industry News) "ICICI Seeks US$3 Billion for India Private Equity, Property Funds" (Asia) "Dubai Group Exits Egyptian Investment" "Carlyle Seeks Inside Track With China Play" (Asia) "Thailand K-SME Venture Capital to Invest in 3 Small Companies" (Asia) "Travant Capital Holds First Closing of African Fund" (Africa) "Czech Penta Agrees to Sell land for Prague Airport's New Runway" (Central and Eastern Europe and Russia) Events EMPEA Events Industry Events Industry News "GEF Raises US$325 Million for New Fund" (Industry News) Global Environment Fund (05/19/08) Global Environment Fund has completed fund raising for the Global Environment Emerging Markets Fund III with US$325 million in committed capital. The fund is investing in companies in the clean energy, sustained natural resource management, healthcare and environmental services sectors of emerging markets. It has already invested a total of about US$120 million in five companies. Return to Headlines "AIG Investments Invests in Calyx Agro" (Latin America and the Caribbean) PRNewswire (05/12/08) AIG Investments has invested US$65 million in Calyx Agro, a venture sponsored by agribusiness group Louis Dreyfus Commodities to acquire, develop, operate and sell agricultural land in Latin America, primarily in Brazil. The investment was made through the US$691.9 million AIG Brazil Special Situations Fund II, a private equity fund focused primarily on investments in Brazil, Mexico and Colombia. Return to Headlines "Global Investment House Buys 10 Percent of Kuwaiti Importer" (Middle East) AME Info (UAE) (05/15/08) Florian, Jeff Kuwait-based investment bank Global Investment House has acquired 10 percent of Kuwaiti consumer products importer National Co. for Consumer Industries. The value of the transaction was not disclosed. Return to Headlines "Capital International Raises US$2.25 Billion for Emerging Markets" (Industry News) Bloomberg (05/19/08) Kelly, Jason U.S.-based private equity firm Capital International has raised a US$2.25 billion fund aimed at investments in emerging markets. In March, Capital International agreed to acquire a stake in OAO Unimilk, the second largest dairy company in Russia. Return to Headlines "Baring Private Equity Raises US$1.52 Billion Fund" (Asia) India Infoline (05/13/08) Baring Private Equity Asia has raised a new fund with US$1.52 billion in committed capital. Baring Asia Private Equity Fund IV will primarily invest in the alternative energy, media, financial services, consumer and industrial sectors of China, India, Japan, Hong Kong, Taiwan and Southeast Asia. Return to Headlines "Omidyar Network and Legatum Invest US$40 million as Co-Anchors of Unitus Fund" (Industry News) PRNewswire (05/13/08) U.S.-based philanthropic investment firm Omidyar Network and Dubai-based private investment firm Legatum have each committed US$20 million to Unitus Equity Fund II, launched by Unitus, an international nonprofit organization dedicated to advancing innovative, market-based solutions to global poverty. The new fund, like its predecessor, will provide capital to growth-oriented microfinance institutions in emerging markets. Return to Headlines "ICICI Seeks US$3 Billion for India Private Equity, Property Funds" (Asia) Bloomberg (05/15/08) Sharma, Sumit India-based ICICI Venture Fund Management is launching an India-focused private equity fund with the goal of raising US$1.5 billion. ICICI is also launching a real estate fund with the goal of raising between US$1.1 billion and US$1.5 billion for investments in residential and commercial projects in the country. India continues to be a hotbed of private equity activity, with Morgan Stanley recently announcing plans to launch a private equity unit in India and Kotak Mahindra, the former partner of Goldman Sachs Group in India, planning to raise US$1.2 billion for two funds. According to New Delhi-based advisory firm IndusView Advisors, private equity funds invested a total of US$4 billion in Indian companies during the first three months of 2008, a 67 percent increase over last year. Return to Headlines "Dubai Group Exits Egyptian Investment" Gulfnews.com (05/14/08) Dubai Capital Group, the investment management unit of Dubai Group, has sold its 15 percent stake in Egyptian Fertilisers Company to Egyptian group Orascom Construction & Industries (OCI) as part of a recent transaction between OCI and UAE-based private equity firm Abraaj Capital. In February, OCI announced that it would take over the fertilizer operations of Abraaj for US$1.59 billion, including Abraaj's stake in Egyptian Fertilisers. With the transaction, Dubai Capital Group realized a 5.75-fold return on its original investment, made less than three years ago. Return to Headlines "Carlyle Seeks Inside Track With China Play" (Asia) Wall Street Journal (05/14/08) P. C5 U.S.-based private equity firm Carlyle Group has signed a memorandum of understanding (MoU) with the government of Shandong province, China's No. 2 province in terms of economic output. Carlyle hopes the MoU will help in efforts to increase investments in China, where provincial governments play important roles in industry as shareholders, regulators and promoters of local businesses. Separately, private equity firm Blackstone Group has announced plans to launch a new unit in Hong Kong that will focus on the Asia-Pacific region. Return to Headlines "Thailand K-SME Venture Capital to Invest in 3 Small Companies" (Asia) Thai Press Reports (05/19/08) K-SME Venture Capital, a unit of Kasikornbank of Thailand, will invest a total of about US$1.4 million in three local companies: Nirvana Foods and Commerce International, software developer Humanica and merchandiser 2Spot Communications. K-SME Venture Capital was established last October to invest in high-potential small and midsize companies. Return to Headlines "Travant Capital Holds First Closing of African Fund" (Africa) Business Day (Nigeria) (05/14/08) Leigh, Kirk Nigeria-based private equity firm Travant Capital Partners has held the first closing of a fund aimed at investments in West and Central Africa with US$107 million in committed capital. The fund will focus on the region's energy, financial services, and consumer products sectors and has a final target of US$300 million. Return to Headlines "Czech Penta Agrees to Sell land for Prague Airport's New Runway" (Central and Eastern Europe and Russia) Forbes (05/15/08) Czech Republic-based private equity firm Penta Investments has agreed to sell a plot of land that will be used to build a second runway at Prague Airport to the Czech government. The transaction values the plot of land at about 11 times the price Penta paid for it in 2005. Return to Headlines
Events
EMPEA Events Boosting Investment Funds Activities in Latin America 10 June at 8:00 am Chadbourne & Parke LLP 30 Rockefeller Plaza 36th floor New York City The Emerging Markets Private Equity Forum 4-5 November London Return to Headlines Industry Events The PEI Islamic Alternative Assets Forum 20-21 May 2008 London Asian Corporate Forum 27 May 2008 Hong Kong Super Return U.S. 2-4 June 2008 Boca Raton, Florida Private Equity World Latin America 2008 4-6 June 2008 Miami, Florida Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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21 May 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  |