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Headlines
Industry News "Morgan Unit, Ontario Fund to Acquire PSEG Subsidiary" (Latin America and the Caribbean) "NBK Capital Buys 40% of Leading Saudi Transport Company, Hanco" (Middle East) "PE Major Actis Invests $25 Million in Real Estate Firm" (Asia) "Al Khayyat, Rasmala Investments and RHT Acquire 13 Percent Stake in Taaleem" (Middle East) "Penta Sells Stake in KSC Holding" (Central and Eastern Europe and Russia) "Warburg Pincus to Buy Stake in Chinese Mobile Phone Maker" (Asia) "Abraaj Capital Sells 30 Percent Stake in National Air Services" (Middle East) "Lombard Invests US$15 Million in San Shing Fastech" (Asia) "Actis Takeover Opens Forbes Kenya to New Buy-in bids" (Africa) "Hines Buys 50% Stake in Brazil's DMO Engenharia, Valor Says" (Latin America and the Caribbean) "Hungary Attracts EUR491 Million In Private Equity Investment In 2007" (Central and Eastern Europe and Russia) "Global Environment Fund Invests in Red Ambiental" (Latin America and the Caribbean) Events EMPEA Events Industry Events Industry News "Morgan Unit, Ontario Fund to Acquire PSEG Subsidiary" (Latin America and the Caribbean) Wall Street Journal Online (06/17/08) Kardos, Donna Morgan Stanley Infrastructure and the Ontario Teachers' Pension Plan have agreed to jointly acquire SAESA, the Chilean subsidiary of Public Service Enterprise Group, in a deal valued at close to US$1.3 billion. SAESA provides electric service to some 2.6 million people, or about 16 percent of Chile's population. Emerging markets are increasingly turning to private equity to fund infrastructure modernization efforts. According to Private Equity Intelligence, funds raised to invest in infrastructure worldwide increased to US$31 billion in 2007 from US$7 billion in 2005. Return to Headlines "NBK Capital Buys 40% of Leading Saudi Transport Company, Hanco" (Middle East) Al-Bawaba (06/22/08) The investment bank NBK Capital has acquired 40% ownership in Al-Tala'a International Transportation Company Ltd, (Hanco), a leading Saudi car rental, leasing, and fleet maintenance company. The share acquisition was made through NBK Capital's private equity fund, NBK Capital Equity Partners Fund. Return to Headlines "PE Major Actis Invests $25 Million in Real Estate Firm" (Asia) India Business Insight (06/11/08) Actis, a private equity fund in the United Kingdom, is investing US$25 million in real estate developer Vaishnavi Group, based in Bangalore. The investment is being made from the company's US$300 million India real estate fund. The Vaishnavi Group will utilize the funds to set up a special purpose vehicle (SPV) to develop a one million square foot mixed- use project at Yeshwantpur, a suburb of Bangalore. Return to Headlines "Al Khayyat, Rasmala Investments and RHT Acquire 13 Percent Stake in Taaleem" (Middle East) Business Intelligence Middle East (06/18/08) Ahmad, Moussa Al Khayyat, Rasmala Investments, and RHT Partners have jointly acquired a 13 percent stake in Taaleem, formerly Madaares, a Bahrain-based company that builds and manages schools with the goal of enhancing the quality and standards of the regional education sector. The transaction gives Al Khayyat Investments a combined 25 percent stake in Taaleem. Return to Headlines "Penta Sells Stake in KSC Holding" (Central and Eastern Europe and Russia) Thomson Financial (06/18/08) Czech-Slovak private equity firm Penta Investments has reached an agreement to sell its stake in KSC Holding to Flughafen Wien AG for an undisclosed sum. KSC Holdings owns a 66 percent stake in Kosice International Airport in eastern Slovakia. Return to Headlines "Warburg Pincus to Buy Stake in Chinese Mobile Phone Maker" (Asia) China Knowledge (06/10/08) U.S.-based private equity firm Warburg Pincus has agreed to acquire a 10 percent stake in Chinese mobile phone manufacturer Beijing Tianyu for about US$70 million. Beijing Tianyu holds the largest market share in China among domestic mobile phone makers. Return to Headlines "Abraaj Capital Sells 30 Percent Stake in National Air Services" (Middle East) Al-Bawaba (06/17/08) Private equity firm Abraaj Capital has sold its 30 percent stake in National Air Services, the leading provider of aviation services in the Middle East, to Kingdom Holding Company. The sale generated Abraaj a 52 percent internal rate of return over a two-year holding period. Return to Headlines "Lombard Invests US$15 Million in San Shing Fastech" (Asia) PRNewswire (06/17/08) Lombard Investments has invested US$15 million in Taiwan-based San Shing Fastech, one of the world's leading manufacturers of high-quality automotive fastener systems. This is the fifth investment from the Lombard Asia III fund, which is dedicated to investments in Southeast Asia and China Return to Headlines "Actis Takeover Opens Forbes Kenya to New Buy-in bids" (Africa) Business Daily Africa (06/23/08) P. 4; Kimani, Mwaura Alexander Forbes Insurance Brokers is changing its business name to Eagle Kenya following a fallout with its Johannesburg-based parent, Alexander Forbes South Africa. Alexander Forbes South Africa's (AFSA's) 40 percent stake in Eagle Kenya is expected to convey to a consortium of private equity investors, led by British firm Actis, who acquired Alexander Forbes South Africa three months ago. With local shareholders having fought to retain management control in the company, the new shareholders are expected to try to sell the stake to local investors Return to Headlines "Hines Buys 50% Stake in Brazil's DMO Engenharia, Valor Says" (Latin America and the Caribbean) Bloomberg (06/12/08) Price, Laura The Texas-based real estate company Hines has purchased a 50 percent stake in the Brazilian construction company DMO Engenharia e Empreendimentos for as much as US$18 million, according to the newspaper Valor Economico. For the first time in its 50-year history, Hines bought the company with its own funds and without using private equity. Return to Headlines "Hungary Attracts EUR491 Million In Private Equity Investment In 2007" (Central and Eastern Europe and Russia) Dow Jones Newswires (06/18/08) Szinai, Julia The Hungarian Venture Capital Association (HVCA) reports that Hungary's private equity and venture capital sector attracted EUR491 million of investment in 2007, second only to EUR535 million in 2006 in the nation's history. The association states that 93% of the 2007 total came from foreign venture capital and private equity sources, with the chemicals industry alone accounting for 45% of the invested capital received. New capital is also expected to pour in from European Union funds to Hungary in 2008, and attract more venture capital funds. Return to Headlines "Global Environment Fund Invests in Red Ambiental" (Latin America and the Caribbean) PRNewswire (06/24/08) U.S.-based Global Environment Fund has invested US $20 million in convertible debt in Red Ambiental, an integrated solid waste management company based in Monterrey, Mexico. The investment was made through Global Environment Emerging Markets Fund III, a private equity fund focused on investments in clean energy, environmental services, and health care companies in emerging markets. Return to Headlines
Events
EMPEA Events The Private Equity International India Forum 30 September - 1 October, 2008 Mumbai The Emerging Markets Private Equity Forum 4-5 November London Return to Headlines Industry Events The Risks and Rewards of Investing in Africa 30 June 2008 (12:00 p.m. - 1:30 p.m.) The Harvard Club of New York City 35 West 44th St. New York, NY India's Capital Markets 9-10 September 2008 Mumbai, India Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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25 June 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  |