"Emerging Market Property Launches Croatian Fund" (Central and Eastern Europe and the Commonwealth of Independent States)
FT Adviser (10/26/09)
U.K.-based property developer Emerging Market Property has launched a fund that will invest in Croatian property. The Adriatic Capital Accumulation Fund is targeting commitments totaling EUR10 million.
"Strategic Hotels & Resorts Closes Sale of the Four Seasons Mexico City" (Latin America and the Caribbean)
PRNewswire (10/29/09)
Private equity firm Meridia Capital has acquired the Four Seasons Mexico City hotel from Strategic Hotels & Resorts for US$54 million. The transaction was made through Meridia Capital Hospitality I, which closed on US$222 million in 2007.
"Siguler Guff Buys Stake in MDM Bank" (Central and Eastern Europe and the Commonwealth of Independent States)
Financial Times (11/05/09)
Russia Partners, the Moscow-based private equity subsidiary of Siguler Guff & Company, has acquired a 3.3 percent stake in Russia's MDM Bank for an undisclosed amount. The investment will be made through Russia Partners’ new US$600 million fund.
"Resource Eastern European Equity Partners Holds First Close on EUR51 Million" (Central and Eastern Europe and the Commonwealth of Independent States)
AltAssets.com (11/04/09)
Resource Eastern European Equity Partners, a Central and Eastern Europe-focused private equity firm, has raised EUR51 million for the first close of its new fund, garnering commitments of EUR25 million from both the European Bank for Reconstruction and Development and Netherlands-based Rabobank Group. The fund is targeting total commitments of EUR200 million and will focus on investments in agribusiness-related midsize companies in Poland and other regional countries.
"Mexican PE Firm Raises US$55 Million for Second Fund" (Latin America and the Caribbean)
Private Equity HUB (11/06/09)
Mexico-based WAMEX Private Equity Management has held the first closing of its Multinational Industrial Fund II (MIF II) at US$55 million. The fund will invest in middle-market companies based in Mexico.
"Jordan Dubai Energy and Infrastructure Signs MoU with Kazyna Capital Management" (Middle East)
AME Info (UAE) (11/03/09)
Jordan Dubai Energy & Infrastructure (JDE&I), the investment arm of Jordan Dubai Capital in the energy and infrastructure sectors, and Kazyna Capital Management (KCM), the private equity arm of the Kazakhstani sovereign wealth holding company Samruk-Kazyna, have signed a memorandum of understanding promoting investments in both countries. Under the agreement, JDE&I and KCM will jointly invest in and establish private equity and infrastructure funds targeting Jordan and Kazakhstan.
"Iliad Africa Issues Options to BEE Consortium" (Africa)
Africa Business News (10/29/09)
A consortium of Black Economic Empowerment (BEE) investors led by the Women Private Equity Fund (WPEF) has acquired a stake in South Africa-based Iliad Africa, which focuses on sourcing, distributing, wholesaling and retailing general and specialized building materials. WPEF is managed by South Africa-based Women Private Equity Fund Managers, which is dedicated to the empowerment of women. The value of the transaction was not disclosed.
"Henderson Equity Partners Invests US$17 Million in Indian Luxury Apparel Maker" (Asia)
AltAssets.com (10/28/09)
Henderson Equity Partners, the private equity operation of asset management firm Henderson Global Investors, has invested US$17 million in Genesis Colors, an Indian fashion house. Henderson Equity Partners’ Asia team manages two funds and has offices in Singapore, Hong Kong and New Delhi and is opening an office in Beijing.
"Goldman Sachs Selling Half Its Stake in Shineway" (Asia)
Dow Jones Newswires (11/04/09)
Goldman Sachs Group is selling 50 percent of its stake in Chinese meat processor Shineway Group to Chinese private equity firm CDH Investments for approximately US$150 million. After the transaction, Goldman will own a 5.5 percent stake in Shineway. Goldman and CDH formed a consortium in 2006 to acquire Shineway for US$250 million. Separately, CDH Investments recently raised US$750 million for its fourth private equity fund, which is targeting US$1.4 billion.
"Colombian Fund Seals First Close" (Latin America and the Caribbean)
Latin Finance (11/09)
Nexus Capital Partners, the private equity arm of Colombia's Nexus Banca de Inversion, has held the first close of its ND Infrastructure Fund with US$54.4 million in commitments. The fund is targeting total commitments of approximately US$131 million.
"Carlyle to Buy 40 Percent of Medical Park Hospital Group in Turkey" (Central and Eastern Europe and the Commonwealth of Independent States)
M&A Navigator (11/03/2009)
Private equity firm The Carlyle Group is acquiring a 40 percent stake in Turkish Medical Park Hospital Group, which operates 11 hospitals and two hospital complexes across Turkey. The deal is valued at approximately US$100 million.
"BNY Mellon Asset Management Acquires Stake in Siguler Guff" (Industry News)
PRNewswire (11/02/09)
BNY Mellon Asset Management has acquired a 20 percent stake in multi-strategy private equity firm Siguler Guff & Company. Siguler Guff manages and co-manages direct investments in private equity funds and fund of funds that target emerging markets, including Brazil, Russia, India and China. The value of the transaction was not disclosed.
"Aureos Plans Fund for Southeast Asia" (Asia)
Financial Times (11/02/09)
Emerging markets private equity firm Aureos Capital is planning to raise a fund to invest in Southeast Asia. The fund, which will target commitments totaling US$250 million, will invest in small and midsize enterprises in Asian frontier markets, including the Philippines, Indonesia, Malaysia, Brunei, Thailand, Vietnam, Cambodia and Laos.