Turkey’s unique geographic location has long been one of its defining characteristics: a country positioned at the nexus of civilizations and trade routes. While its recent history has been one of macroeconomic volatility, today, Turkey is widely perceived as an island of stability standing between two regions facing immense… Read More
Russian entrepreneur Dmitry Alimov has founded a US$50 million venture fund focused on the consumer sector in Russia. In particular, the fund, Frontier Ventures, will target early-stage internet-oriented consumer companies. Alimov previously ran ru-Net, a Russia-based internet and technology-focused investment company. Read More
Eastgate Capital Group, the private equity fund management arm of Saudi Arabia’s NCB Capital, has invested in Fabeks Diş Ticaret A.Ş. (Silk & Cashmere), a Turkey-based retail apparel company, through its MENA Direct Equity Fund for a 49.8 percent equity stake. The capital will be used to facilitate the… Read More
PineBridge Investments invested US$24 million out of its New Europe Fund I for a 46% stake in 2010. Company Headquarters: Poland Business focus: Convenience store operator Revenue: Turnover of US$400 million (FY 2007) impact highlights With support from PineBridge, Zabka developed over 1,400 stores and increased its revenues… Read More
EMSA Capital expanded Bonbonetti’s profit margins and extended the company’s reach into Central Asia, the US, and Western and Central Europe. Company Headquarters: Hungary Business focus: Food & Beverage Growth: In 2007, Bonbonetti became debt free and cash flow positive impact highlights EMSA Capital introduced efficient streamlining of… Read More
In this issue US – Dodd-frank and SEC Registration SEC Staff Indicates That the Commission Is Likely to Extend Key Dodd-Frank Adviser Compliance Dates Until First Quarter of 2012 White & Case LLP Dodd-Frank Act Rulemaking: Under Rubric of Systemic Risk, Joint SEC-CFTC Proposal Would Dramatically Expand… Read More
According to the annual EMPEA/Coller Capital Emerging Markets Private Equity Survey, Russia has ranked at the bottom of all emerging markets in terms of investment attractiveness for the past three years. However, market participants assert that global impressions of Russia are not aligned with reality. This article aims to… Read More
Market participants assert that global impressions of Russia are not aligned with reality and that local opportunities are far better and risks more manageable than investors imagine. This perception arbitrage opportunity, combined with escalating valuations and competition in Russia’s sister BRICs, may set the stage for a resurgence of… Read More
In April 2008, Russia implemented a law to regulate foreign investment into sectors of national strategic importance. After two years of implementation, it has become apparent that the law imposes too many regulatory barriers and creates too many uncertainties for foreign investors. On 23 March 2011, Russia's Parliament (Duma)… Read More
On behalf of the Emerging Markets Private Equity Association (EMPEA), I am writing to express our concerns regarding the Alternative Investment Fund Managers (AIFM) Directive and to highlight its potential negative impact on our members and more generally on economic development in emerging economies. Read More
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