| |||||||||||
| |||||||||||
Western private equity firms will be doing plenty of globetrotting over the next decade judging by the number of overseas-focused investment vehicles they've been raising. This week alone new funds targeting Asia-Pacific, Africa, and Eastern Europe have all closed.
CVC Capital Partners wrapped up the largest-ever fund focused on the Asia-Pacific region with $4.1 billion. The limited partnership will invest in the area's most developed economies including Australia, Hong Kong, Japan, Singapore, South Korea and Greater China. 3i Group plc also put the finishing touches on the $1.2 billion 3i India Infrastructure Fund, which will target projects in India. Headed westward Advent International held the final close of a €1 billion ($1.6 billion) Central and Eastern European fund. The private equity firm will likely target cities where it has offices such as Kiev, Ukraine, Prague, Czech Republic, Warsaw, Poland, and Bucharest, Romania. South African private equity firm Medu Capital also finished raising its second investment fund, closing with 850 million rand ($108 million) this week. The new vehicle, Medu Capital Fund II, will be managed by the fund's two principals, Phares Mkwanazi and Ernest January, and is backed by Brait Securities, which holds 49% of the equity. The five-year-old firm has R1.5-billion under management and invests in industries such as healthcare, manufacturing, retail and engineering services. - George White See Deal.com story on Advent and CVC funds See Deal.com story on 3i fund See Medu press release CategoriesPrivate capital video
Categories
Blog roll
Archives
| |||||||||||
|
|
|
|
|
©Copyright 2009, The Deal, LLC. All rights reserved. Please send all technical questions, comments or concerns to the Webmaster.
