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Headlines
Industry News "Absa Capital Private Equity Buys EnviroServ" (Africa) "Advent to Sell Polish Rail Company Axtone to IK" (Central and Eastern Europe and Russia) "GIH Closes Global Ijarah Real Estate Fund" (Middle East) "Quippo Telecom to Raise US$185 Million" (Asia) "EBRD Acquires Fesco Stake for US$120 Million" (Central and Eastern Europe and Russia) "OPIC Board Approves US$127 Million for Two New Investment Funds for Africa" (Africa) "Carlyle Buys Two Macau Apartment Blocks" (Asia) "IDB Fund Supports Pioneering Venture Fund" (Latin America and the Caribbean) "Capexit Acquires Leading Serbian Bakery Chain" (Central and Eastern Europe and Russia) "Blackstone Buys Shanghai Shopping Mall" (Asia) "New Fund to Cash in on Buoyant Agri Sector" (Africa) "Riverside Buys Wiz Korea" (Asia) "Singapore's GIC Takes Stake in Mexico Mall Developer" (Latin America and the Caribbean) Industry Announcements IFC Call for Expressions of Interest: Mozambique SME Initiative Events EMPEA Events Industry Events Industry News "Absa Capital Private Equity Buys EnviroServ" (Africa) SABC News (08/05/08) South Africa-based Absa Capital Private Equity will acquire South African waste management group EnviroServ for about US$256 million. The deal is reportedly the largest public-to-private transaction in South Africa this year. Return to Headlines "Advent to Sell Polish Rail Company Axtone to IK" (Central and Eastern Europe and Russia) AltAssets.com (08/11/08) Private equity firm Advent International has agreed to sell Poland-based rail freight buffer manufacturer Axtone to European private equity firm IK Investment Partners in a deal estimated to be valued at about EUR100 million. Axtone was formed after Advent acquired wagon buffer businesses Kamax of Poland and Keystone Bahntechnik of Germany in January 2006 and subsequently merged the two companies. IK Investment's acquisition marks the beginning of the private equity firm's plans for direct investment in Poland, the Czech Republic, Slovakia, Hungary and the Baltic States. Return to Headlines "GIH Closes Global Ijarah Real Estate Fund" (Middle East) Gulf Daily News (Bahrain) (08/12/08) Kuwait-based Global Investment House has announced the closing of its Global MENA Ijarah Real Estate Fund, launched in July 2007. The fund closed with US$75.4 million in committed capital. Return to Headlines "Quippo Telecom to Raise US$185 Million" (Asia) Economic Times of India (08/12/08) Sinha, Vivek; Philip, Joji Thomas India-based IDFC Private Equity has acquired a 12.19 percent stake in Quippo Telecom, the telecommunications towers unit of India-based infrastructure equipment rental firm Quippo Infrastructure, as part of an investment totaling US$185 million. Also acquiring stakes in the transaction are U.S. investment firm DB Zwirn; Indivest, an affiliate of the Government of Singapore Investment Corporation; and the Oman Investment Fund. Return to Headlines "EBRD Acquires Fesco Stake for US$120 Million" (Central and Eastern Europe and Russia) Lloyd's List (08/08) P. 3 The European Bank for Reconstruction and Development has acquired a 3.8 percent stake in Russia-based Far-Eastern Shipping Company (Fesco) for US$120 million. Fesco is Russia's third largest shipping company with a fleet of around 70 vessels and went into the railway delivery business in 2004 through a joint venture with Russian Railways. Return to Headlines "OPIC Board Approves US$127 Million for Two New Investment Funds for Africa" (Africa) States News Service (08/05/08) The U.S. Overseas Private Investment Corp. (OPIC) will commit a total of US$127 million to two new private equity funds dedicated to investments in Africa. Emerging Capital Partners' ECP Africa Fund III will receive US$60 million. The fund has a target size of US$1 billion and will invest in companies having a pan-African reach. OPIC will also commit US$67 million to Greylock Africa Opportunity Fund I, managed by US-based Greylock Capital Management. The Greylock fund will target midsize businesses in Sub-Sahara Africa and has a goal of achieving US$200 million in capitalization. Return to Headlines "Carlyle Buys Two Macau Apartment Blocks" (Asia) Reuters (08/05/08) Carlyle Group has acquired two residential towers in Macau in a deal valued at about US$250 million. The two 35-storey towers will be transformed into upper-end residences, according to Carlyle. Return to Headlines "IDB Fund Supports Pioneering Venture Fund" (Latin America and the Caribbean) Revista Fator (Brazil) (08/15/08) Mexico-based IGNIA Social Investment Fund will receive more than US$5 million in financing from the Multilateral Investment Fund administered by the Inter-American Development Bank. The IGNIA fund has a goal of achieving US$75 million in commitments and will invest in early stage and growth companies in Latin America that serve the needs of the impoverished. Return to Headlines "Capexit Acquires Leading Serbian Bakery Chain" (Central and Eastern Europe and Russia) FLEXNEWS (08/11/08) Austria-based private equity firm Capexit has acquired Serbian bakery chain Bread & Co. for an undisclosed sum. The investment will be used to help Bread & Co. expand into Croatia, Bulgaria and Romania. Return to Headlines "Blackstone Buys Shanghai Shopping Mall" (Asia) Agence France Presse (08/13/08) U.S.-based private equity firm Blackstone Group has acquired a new shopping mall in Shanghai for US$660 million. Earlier this year, Blackstone acquired a 90 percent stake in a commercial building in Shanghai for over US$150 million. Return to Headlines "New Fund to Cash in on Buoyant Agri Sector" (Africa) Dispatch Online (South Africa) (08/14/08) South Africa-based Sanlam Private Equity and investment group Strategy Partners have launched the Agri-Vie Fund. The fund will target investments in the agribusiness sector of Sub-Sahara Africa and has a goal of achieving about US$90 million in commitments. Return to Headlines "Riverside Buys Wiz Korea" (Asia) Private Equity HUB (08/11/08) Global private equity firm Riverside Company has acquired Wiz Korea, a South Korea-based operator of a preschool education franchise, for an undisclosed sum. Wiz Korea oversees more than 60 franchises in South Korea, Vietnam, the United States and China under the brand Wiz Island. Return to Headlines "Singapore's GIC Takes Stake in Mexico Mall Developer" (Latin America and the Caribbean) Reuters (08/05/08) The Government of Singapore Investment Corp. (GIC) has acquired a minority stake in Mexico Retail Properties (MRP), a leading shopping mall developer in Mexico. MRP, an affiliate of U.S. private equity firm Black Creek Group, owns 14 shopping malls in Mexico, with five more under development and 21 others in the pipeline. Return to Headlines
Industry Announcements
IFC Call for Expressions of Interest: Mozambique SME Initiative The IFC will support the creation of a minimum USD 10 million fund for the purpose of making commercially-based investments in small and medium enterprises in Mozambique. The selected fund manager is expected to have access to a grant in excess of USD 1.5 million for fund operational expenses and technical assistance for the investee companies. The full language and requirements may be found on IFC’s website at the following link www.ifc.org/msifund. All expressions of interest must be received via e-mail to the contact address by no later than 5:00 p.m. EST, August 25, 2008. Web Link | 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 India's Capital Markets 9-10 September 2008 Mumbai, India Private Equity Analyst Conference 2008 16-17 September 2008 New York Super Return Asia 23-25 September 2008 Hong Kong Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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20 August 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 |