Headlines

Industry News

"Texas Pension to Invest US$200 Million in Asia Funds" (Asia)
Bloomberg (11/23/09)

Teacher Retirement System of Texas, the seventh-largest U.S. public pension fund, has committed US$100 million each to funds of funds managed by Squadron Capital and Morgan Creek Capital Management. The commitments were made to boost the pension fund's private equity exposure to emerging Asian markets.

"Angra Partners Launches Investment Fund" (Latin America and the Caribbean)
SABI Wire Service (11/23/09)

Brazil-based private equity firm Angra Partners is launching a private equity fund that will focus on investments in the local health and educational services, construction and retailing sectors. The fund is targeting commitments totaling US$500 million.

"Royalton Partners Adds Parking Business On" (Central and Eastern Europe and the Commonwealth of Independent States)
AltAssets.com (11/25/09)

Royalton Partners, a private equity firm focused on Central and Eastern Europe, has acquired a 93 percent stake in COOL AR, a Polish parking zone operator, through its portfolio company ACTIV Parking Holdings. The value of the transaction has not been disclosed.

"Letter of Intent Signed to Form Helios Towers Africa Ltd. With US$350 Million in Financing From Global Investor Group" (Africa)
Business Wire (11/24/09)

A group of investors, including Albright Capital Management, Soros Strategic Partners, RIT Capital Partners and funds advised by Helios Investment Partners, has announced the signing of a letter of intent to form Helios Towers Africa (HTA). The investors will seed the project with US$350 million in financing. HTA will build and maintain telecommunications towers and lease space on those towers to wireless telecommunications services providers across Africa.

"Mexico-Focused PE Firm Nexxus Invests in Healthcare Company" (Latin America and the Caribbean)
AltAssets.com (11/19/09)

Mexico-focused private equity firm Nexxus Capital has invested an undisclosed amount in Estudios Clínicos, a clinical analysis and diagnostic imaging services provider. The investment was made through the US$144 million Nexxus Capital Private Equity Fund III.

"Affinity Sells South Korea Cosmetics Firm" (Asia)
Reuters (11/24/09)

Asian private equity firm Affinity Equity Partners has sold a 70.2 percent stake in South Korean maker of lower-price cosmetics THEFACESHOP to LG Household & Healthcare, South Korea's second leading cosmetics company, for US$364 million. Affinity reportedly acquired the stake for approximately US$69 million in 2005.

"Mideast/Asia Fund Eyes Sharia for Cleantech" (Middle East)
Reuters (11/23/09)

Private equity firm Middle East & Asia Capital Partners (MEACP) will introduce a sharia-compliant investment vehicle to its clean energy fund to attract Islamic capital. MEACP hopes to raise total commitments to the fund, established last year, to US$500 million from US$400 million. The Asian Development Bank has committed US$20 million in seed capital to the fund, while Overseas Private Investment Corp. (OPIC) is committing up to US$50 million.

"U.K.'s CDC to Invest US$10 Million in Bangladesh Through Swedish PE Firm" (Asia)
Financial Express (Bangladesh) (11/25/09)

U.K.-based CDC Group is committing US$10 million to the Frontier Fund managed by the Bangladeshi unit of Sweden-based private equity firm Brummer and Partners. The private equity fund is reportedly one of the first dedicated solely to investments in Bangladesh.

"IFC to Commit Up to US$20 Million to Swicorp Fund" (Middle East)
Private Equity Online (11/23/09)

The International Finance Corporation (IFC) will commit up to US$20 million to Swicorp Intaj Capital II, which will focus on investments in the Middle East and North Africa. The fund is targeting total commitments of US$400 million.

"Greenko Gets US$46.3 Million From Global Environment Fund" (Asia)
VC Circle (11/25/09)

U.S.-based private equity firm Global Environment Fund (GEF) has invested US$46.3 million in Greenko, one of India's largest independent power producers focused exclusively on renewable energy generation. The investment was made through the Global Environment Emerging Markets Fund III and will give GEF up to a 30 percent stake in Greenko.

"Enshaa Acquires Signature Clubs International From Abraaj" (Middle East)
AME Info (UAE) (11/24/09)

Dubai-based private equity firm Abraaj Capital has sold its stake in local private business club operator Signature Clubs International to development and investment company Enshaa for an undisclosed sum. The transaction was made via the Abraaj Real Estate Fund.

"Baring Private Equity Asia Exits Yingde via IPO" (Asia)
AltAssets.com (11/30/09)

Baring Private Equity Asia’s portfolio company Yingde Gases Group Company, a Chinese industrial gas supplier, has completed an IPO listing on the Hong Kong Stock Exchange. Baring backed the management buyout of Yingde in 2006.

"Citadel Capital Acquires Waste Management Firms" (Africa)
Zawya.com (11/24/09)

Egypt-based private equity firm Citadel Capital has acquired controlling stakes in two local firms operating in the solid waste management sector: the Egyptian Company for Solid Waste Recycling and the Engineering Tasks Group. The two will be grouped under a single holding company, ENTAG Holding. Separately, Citadel's consumer foods platform, Gozour, has announced that its subsidiary, Rashidi El-Mizan, has acquired 75 percent of Al-Musharraf, one of Sudan's largest producers of halawa, biscuits and flour, for US$19 million.

© Copyright 2010 Information Inc.