"Hungary OTP Gains Control of Private Equity Firm" (Central and Eastern Europe and the Commonwealth of Independent States)
Portfolio.hu (Hungary) (02/26/10)

Hungary's OTP Bank has acquired an 80 percent stake in local venture capital firm PortfoLion Kockazati Tokealap-kezelo Zrt. The deal is valued at approximately US$100,000.

"BRZ Investimentos Acquires 20 Percent of Elog" (Latin America and the Caribbean)
Valor Economico (02/22/10)

Brazil-based venture capital firm BRZ Investimentos is acquiring a 20 percent stake in Elog, the local logistics arm of roadways concession company EcoRodovias. The deal is valued at approximately US$51 million.

"UAE's Invest AD Raising US$400 Million PE Fund" (Middle East)
Reuters (03/01/10)

Abu Dhabi-based investment firm Invest AD has launched its second private equity fund focused on the Middle East and North Africa region. The fund, which is targeting commitments totaling US$400 million, has received a seed commitment of US$75 million from the Abu Dhabi government.

"Former Och-Ziff Managing Director Plans China Fund" (Asia)
Wall Street Journal (02/25/10)

Frank Yu, a former managing director at Och-Ziff Capital Management Group, is starting his own private equity firm, Themes Investment Partners. The firm is seeking to raise up to US$500 million for a China-focused private equity fund, according to people familiar with the situation.

"Mexican Pensions to Invest US$200 Million in Private Equity" (Latin America and the Caribbean)
Reuters (02/25/10)

Approximately half of Mexico's private pension funds will jointly invest US$200 million in a fund managed by Mexico-based private equity firm Nexxus Capital. The private equity stake will be listed on the Mexican Stock Exchange, although the pension funds are the only investors.

"Religare Takes Controlling Stake in Northgate" (Industry News)
Financier Worldwide (02/23/2010)

Indian financial services group Religare Enterprises is acquiring a 60 percent stake in U.S.-based private equity firm Northgate Capital for an undisclosed sum. As part of the deal, Northgate will gain access to Religare’s emerging markets-related resources, including physical infrastructure and research capabilities. Separately, Milestone Religare Investment Advisors, a joint venture between Milestone Group and Religare Enterprises, has invested approximately US$7 million in HealthCare Global Enterprises, a pan-Indian cancer care hospital chain.

"Ekuiti, Navis Invest in Alliance Cosmetics Group" (Asia)
Edge (Malaysia) (02/25/10)

Ekuiti Nasional, a Malaysian government-linked private equity fund management company, has invested approximately US$12 million in Malaysian beauty and personal care company, Alliance Cosmetics Group (ACG), which produces Silkygirl and distributes Revlon products. The investment was made via a special purpose vehicle in partnership with regional private equity firm Navis Capital Partners.

"Carlyle, Fosun to Launch Yuan Fund" (Asia)
Wall Street Journal (02/24/10)

U.S.-based private equity firm The Carlyle Group is set to launch a yuan-denominated private equity fund in partnership with Fosun International, China’s largest privately-held conglomerate. Carlyle and Fosun are committing a combined US$100 million to the new fund. The two companies also plan to raise capital from Chinese investors for subsequent yuan-denominated funds and make co-investments globally.

"Global Environment Fund Taps Chinese Wind Energy Market" (Asia)
AltAssets.com (02/23/10)

Clean energy-focused private equity firm Global Environment Fund (GEF) has invested US$30 million in UPC Renewables to develop wind energy projects in China. UPC Renewables has been working in China since 2006 and has 150MW of wind capacity in the country with more than 3GW of projects in the pipeline.

"Slovenian Fund Poteza Agrees to Sale of Stake in Postbank to Turkish Investor" (Central and Eastern Europe and the Commonwealth of Independent States)
ISI Emerging Markets (02/25/10)

Slovenian private equity firm Poteza Partners is selling its 57.2 percent stake in lender Postbank BH of Bosnia and Herzegovina to Turkish postal operator Turkish Post for an undisclosed sum. Postbank operates five branches and 136 counters in local post offices.

"Citadel to Invest US$150 Million in Kenya-Uganda Railways" (Africa)
Infrastructure Investor (02/22/10)

Egypt-based private equity firm Citadel Capital has acquired a 49 percent stake in South Africa-based Sheltam Railways Company, the largest single shareholder in Rift Valley Railways (RVR). RVR won a 25-year concession in 2006 to operate a 100-year old railway line with 2,000 kilometers of track linking the Kenyan port of Mombassa to the Kenyan and Ugandan interiors. Citadel says it will invest US$150 million to improve the railway line over the next five years.

"Aureos China Fund Invests in Chinese Environmental Protection Company" (Asia)
Aureos Capital (02/25/10)

Aureos Capital has invested US$3 million in Shanghai Fucheng Environmental Protection Engineering, a Chinese environmental protection company. The investment was made through the Aureos China Fund.