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Headlines
Industry News "Reward Is Worth Risk for Emerging Market Gurus" (Industry News) "Actis Seals Fifth African Deal in a Month" (Africa) "SHUAA Saudi Hospitality Fund Attracts US$240 Million at First Closing" (Middle East) "Sri Lanka's Sunshine Holdings Gets Aureos Funds" (Asia) "River of Fortune for Mekong Capital" (Asia) "Credit Suisse to Invest US$113 Million in Indu Project" (Asia) "Denham Capital to Invest US$50 Million in CariSal" (Latin America and the Caribbean) "Stimulus Acquires Stake in Plastic Packaging" (Africa) "MEP Acquires Polish Healthcare Provider" (Central and Eastern Europe and Russia) "DJ Olympus Capital Invests US$100 Million in Zhongwang International Group" (Asia) "Real People Sells a 25 Percent Share" (Africa) "Equity International Announces First Investment in Brazilian Logistics Sector" (Latin America and the Caribbean) Events EMPEA Events Industry Events Industry News "Reward Is Worth Risk for Emerging Market Gurus" (Industry News) Financial Times (08/20/08) Arnold, Martin Private equity firms are increasingly turning to emerging markets, which have remained largely immune from the credit crunch hitting the United States and Western Europe. According to EMPEA, emerging market private equity groups raised a total of US$35.3 billion in the first six months of 2008, two-thirds more than the previous year. Though investment in emerging markets has its risks, as the recent outbreak of war in Georgia and a rash of expropriations in Latin America and Russia highlight, its potential rewards are often seen as overshadowing those risks, according to Peter O'Driscoll, a lawyer with London-based firm Orrick. Return to Headlines "Actis Seals Fifth African Deal in a Month" (Africa) Financial News (08/21/08) Hodkinson, Paul U.K.-based private equity firm Actis has acquired a minority stake in Tunisia-based conglomerate Poulina Group Holding for an undisclosed sum. The acquisition is the fifth deal transacted by Actis in Africa over the past month, following a US$700 million takeover of South Africa-based electrical engineering company Alstom, a US$48.5 million investment in Egyptian food business Mo'men Group for Foods, and divestments from Nigeria-based food conglomerate UAC and telecommunications operator Starcomms. Return to Headlines "SHUAA Saudi Hospitality Fund Attracts US$240 Million at First Closing" (Middle East) Zawya.com (08/25/08) Dubai-based SHUAA Capital has announced the first closing of its SHUAA Saudi Hospitality Fund I with US$240 million in commitments. The fund aims to raise an additional US$290 million and will seek to acquire or develop hotels, furnished apartments and resorts in Saudi Arabia. Return to Headlines "Sri Lanka's Sunshine Holdings Gets Aureos Funds" (Asia) Lanka Business Online (08/25/08) Aureos Capital has acquired a 25 percent stake in Sunshine Holdings of Sri Lanka for US$4.75 million. The acquisition was made through the Aureos South Asia Fund. Sunshine Holdings is a conglomerate with dealings in plantations, branded teas, distribution of pharmaceutical and related products and metal packaging solutions for food and beverages. In addition to the investment in Sunshine, Aureos has acquired a 5 percent stake in Watawala Plantations, a leading producer of tea, rubber and palm oil in Sri Lanka. Return to Headlines "River of Fortune for Mekong Capital" (Asia) VietNamNet Bridge (08/16/08) Vietnam-based Mekong Capital is set to launch its Mekong Enterprise Fund III. Like its predecessors, the fund will focus primarily on investment opportunities in Vietnam but will have a mandate to seek opportunities in Laos and Cambodia as well. Return to Headlines "Credit Suisse to Invest US$113 Million in Indu Project" (Asia) India Infoline (08/16/08) Global financial services company Credit Suisse has invested US$77 million in Indu Projects Limited, an India-based end-to-end solutions provider for the infrastructure and real estate industries. The investment is the first tranche of what will be an overall investment of US$113 million from Credit Suisse. Return to Headlines "Denham Capital to Invest US$50 Million in CariSal" (Latin America and the Caribbean) PRNewswire (08/20/08) Global private equity firm Denham Capital will invest up to US$50 million in Trinidad & Tobago-based supplier of caustic soda and calcium chloride CariSal. The investment will give Denham a majority stake in CariSal and will be used to fund the construction of a calcium chloride/caustic soda plant in Trinidad. Return to Headlines "Stimulus Acquires Stake in Plastic Packaging" (Africa) Namibia Economist (South Africa) (08/08/08) Namibia-based Black Economic Empowerment investment company Stimulus Investments has acquired a 25 percent stake in Namibia-based plastic bag and sheeting manufacturer Plastic Packaging for an undisclosed sum. In addition to Namibia, Plastic Packaging conducts business in South Africa and Angola. Stimulus Investments is focused on investing in well-established Namibian companies. Return to Headlines "MEP Acquires Polish Healthcare Provider" (Central and Eastern Europe and Russia) Polish Market Review (08/18/08) Private equity firm Mid Europa Partners (MEP) has announced the acquisition of CM LIM, Poland's No. 3 private healthcare provider in terms of sales, for an undisclosed sum. MEP also recently acquired local healthcare provider Promedis through Lux-Med, another healthcare provider owned by the private equity firm, for about EUR11 million. Return to Headlines "DJ Olympus Capital Invests US$100 Million in Zhongwang International Group" (Asia) Trading Markets (08/19/08) Sheng, Ellen Private equity firm Olympus Capital Holdings Asia has invested US$100 million in China-based aluminum parts manufacturer Zhongwang International Group. Olympus Capital's other investments in China include Sichuan Emeishan Special Cement and Tamarisk. Return to Headlines "Real People Sells a 25 Percent Share" (Africa) Daily Dispatch (South Africa) (08/20/08) Zyl, Roux van Old Mutual Investment Group South Africa has acquired a 25 percent stake in South Africa-based low income credit specialist Real People for an estimated US$49 million. Also holding stakes in Real People are international private equity firm Aureos Capital (6 percent) and Firefly Investments 61, a private equity fund managed by South Africa-based Peregrine Holdings (20 percent). Return to Headlines "Equity International Announces First Investment in Brazilian Logistics Sector" (Latin America and the Caribbean) Business Wire (08/20/08) US-based investment company Equity International has invested $100 million in AGV Logistica, a privately-held logistics company headquartered in Brazil. With this, Equity International now has four portfolio companies in Brazil. Focused on real estate-related businesses operating outside of the United States, Equity International is affiliated with Equity Group Investments, the investment company founded and headed by Sam Zell. 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 Third Annual LP/GP Roundtable Latin American Venture Capital Association (LAVCA) 16 October, 2008 Park Central Hotel, New York Return to Headlines Abstract News © Copyright 2008 INFORMATION, INC. 
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27 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 |