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Headlines
Industry News "The Carlyle Group Acquires 50 Percent Stake in Turkish Company" (Central and Eastern Europe and Russia) "Transaction Capital Acquires 31 Percent of Alliance" (Africa) "Waha Capital and Abraaj Capital Enter Into Strategic Partnership for GMMOS Group" (Middle East) "Warburg Pincus Acquires 5.4 Percent of WuXi PharmaTech" (Asia) "Mekong Capital Inks US$2.6M Deal" (Asia) "Russian Media Group Buys into Publisher of Popular Tabloids" (Central and Eastern Europe and Russia) "Eastgate Invests $23.31 Million in Avendus Capital" (Asia) "Emerging Capital Partners Provides Funding to African Salt Production, Export Company" (Africa) "Singapore's CapitaLand Sets Up US$1 Billion Private Equity Fund in China" (Asia) "WL Ross to Invest US$80M in Indian Airline" (Asia) "World Bank Beams Infrastructure Investments to Latin America" (Latin America and the Caribbean) "AAI Global Equity Looks for Prospective Business" (Latin America and the Caribbean) Events EMPEA Events Industry Events Industry News "The Carlyle Group Acquires 50 Percent Stake in Turkish Company" (Central and Eastern Europe and Russia) Al Bawaba (07/17/08) The Carlyle Group announced its first investment in Turkey, the acquisition of a 50 percent stake in shipbuilder TVK Shipyard for an undisclosed amount. TVK specializes in the construction of chemical tankers and other specialty vessels. Return to Headlines "Transaction Capital Acquires 31 Percent of Alliance" (Africa) Business Day (South Africa) (07/16/08) Financial services group Transaction Capital acquired a 31 percent stake in South Africa-based auction and asset services specialist Alliance Group. Alliance and Transaction Capital will work together to form a special private equity team that will focus on acquisitions. The joint venture is finalizing the launch of a US$66.2 million fund to help struggling homeowners and businesses to avoid foreclosure. Return to Headlines "Waha Capital and Abraaj Capital Enter Into Strategic Partnership for GMMOS Group" (Middle East) Dubai City Guide (07/21/08) Abu Dhabi-based holding company Waha Capital acquired a 49 percent strategic stake in GMMOS Group from private equity-firm Abraaj Capital. GMMOS is involved in the marine, crane-hire and oil and gas sectors in the Gulf and Caspian markets. Nine percent of the strategic investment was acquired from the US$500 million Abraaj Buyout Fund II, with the other 40 percent coming from exiting investors in the co-investment vehicle. Return to Headlines "Warburg Pincus Acquires 5.4 Percent of WuXi PharmaTech" (Asia) MarketWatch (07/14/08) Warburg Pincus acquired 5.4 percent of Chinese pharmaceutical company WuXi PharmaTech's outstanding ordinary shares for an undisclosed price. The global private equity firm purchased approximately 26.8 million ordinary shares in WuXi from affiliates of United Overseas Bank. WuXi helps clients in China and the United States shorten research and development time and cost for drugs and medical devices. Return to Headlines "Mekong Capital Inks US$2.6M Deal" (Asia) Vietnam News (07/16/08) Mekong Capital's Mekong Enterprise Fund II will invest US$2.5 million in Vietnam's Cong Vang Trade Services Joint Stock Company, operator of the Ashima Restaurant chain. Mekong will also offer the expanding restaurant operator consulting on human resources, corporate restructuring and financial management. Return to Headlines "Russian Media Group Buys into Publisher of Popular Tabloids" (Central and Eastern Europe and Russia) RedOrbit (07/19/08) Goncharova, Olga; Pushkarskaya, Anna; Kiseleva, Yelena UFG Private Equity sold almost 50 percent of Russia's News Media publishing house to National Media Group for US$80 million. UFG received over twice what it paid for the publishing house when it acquired the stake in 2006. Return to Headlines "Eastgate Invests $23.31 Million in Avendus Capital" (Asia) Financial Deals Tracker (07/18/08) Avendus Capital Pvt., Ltd., an India-based financial services company, has raised US$23.31 million in equity from private equity firm Eastgate Capital Group. The current investment is from Eastgate's Global Emerging Markets Fund. Eastgate has acquired a 15 percent stake in Avendus Capital through this investment. Return to Headlines "Emerging Capital Partners Provides Funding to African Salt Production, Export Company" (Africa) PR Newswire (07/16/08) International private equity firm Emerging Capital Partners (ECP) invested US$30 million in Djibouti-based Salt Investment S.A. The investment will allow Salt Investment to purchase equipment and construct facilities near Lake Assal, the largest undeveloped salt reserve in the world. The investment was made through the ECP Africa Fund II, which raised US$525 million for investment in a variety of African sectors. Return to Headlines "Singapore's CapitaLand Sets Up US$1 Billion Private Equity Fund in China" (Asia) Thomson Financial (07/15/08) Singapore-based property developer CapitaLand has launched a US$1 billion private equity fund that will invest in China. The Raffles City China Fund, which may be increased to a maximum of US$1.3 billion, will invest in mixed-use commercial properties in a number of Chinese cities. Return to Headlines "WL Ross to Invest US$80M in Indian Airline" (Asia) Associated Press (07/15/08) U.S.-based WL Ross & Co. LLC announced an investment of US$80 million in SpiceJet Ltd., one of the leading low-cost airlines in India. Company Chairman Wilbur L. Ross Jr. and WL Ross India CEO Ranjit Nabha are expected to join SpiceJet's board of directors. Return to Headlines "World Bank Beams Infrastructure Investments to Latin America" (Latin America and the Caribbean) Financial News (07/16/08) de Alejo Garcia, Cardiff The World Bank's International Finance Corp. is investing a combination of equity and financing, alongside several other investors, in the Corporacion Interamericana para el Financiamiento de Infraestructura (CIFI), an infrastructure project finance institution focused on small to mid-sized projects in Latin America. Infrastructure has attracted significant investor interest, with 70 private equity funds globally focused on the sector, raising a total of US$89 billion in capital. In June, Merrill Lynch estimated that the market for infrastructure projects would continue to grow, with investments in emerging markets expected to be about US$2.25 trillion over the next three years. Return to Headlines "AAI Global Equity Looks for Prospective Business" (Latin America and the Caribbean) Valor Economico (07/17/08) AAI Global Equity has earmarked US$100 million for Brazilian companies that need cash to finance investments and acquisitions. AAI would take minority stakes in companies, with initial investments ranging from US$5 million up to US$25 million. Return to Headlines
Events
EMPEA Events First Annual Beijing Private Equity Forum 22 September 2008 Beijing 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 Summit on Brazilian Real Estate Investment, Finance & Securitization 19 August 2008 Sao Paulo, Brazil 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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23 July 2008
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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 |