Kazakhstan
Posted Wed, 16/12/2009 - 22:52
A proposal to establish the Kazakhstan Capital Restructuring Fund has passed structure review and is now slated for final approval consideration with the EBRD Board in February of next year. The proposed fund would be established with an EBRD commitment of an amount between €45 to €60 million, with Kazyna Capital Management and other potential investors taking the fund's total value as high as €181.5 million. Asian investment firm ADM Capital has been tapped as Fund Manager.
Posted Tue, 27/10/2009 - 11:36
The European Bank for Reconstruction and Development is teaming up with Kazyna Capital Management (KCM) to launch a new Kazakhstani-focused fund. The new USD 300 million fund is aimed at providing capital to distressed companies which are experiencing difficulty in paying off a heavy debt load. While the fund will focus primarily on businesses in Kazakhstan, it will entertain opportunities in other countries as well, and hopes to attract further investment from the World Bank and the Asian Development Bank. The deal marks the second joint effort between the EBRD and KCM, following the 2008 launch of the USD 125 million Kazakhstan Growth Fund which targeted Russian and Asian opportunities.
Posted Thu, 30/04/2009 - 00:00
The city of Shymkent in southern Kazakhstan will get some much needed improvements to its water and wastewater services thanks to the European Bank for Reconstruction and Development (EBRD). The EBRD has agreed to make an USD 8 million loan to Vodnye Resursy Marketing, a privately owned Kazakh water utility.
Posted Wed, 04/03/2009 - 01:00
Andijan Cable is gearing up to execute expansion plans after the EBRD agreed to provide a USD 5 million loan. The financing will help accelerate the company's move to begin expanding its various lines of cable products including LAN, copper wire, and power cables. The cash also helps the company, already one of the industry leaders in Uzbekistan and Central Asia, strengthen its market share in the Commonwealth of Independent States.
Posted Fri, 06/02/2009 - 01:00
The government of Kazakhstan has acquired a 78.14 percent stake in BTA Bank. The Kazakh State completed the acquisition by issuing new common shares, diluting existing shareholders and taking a controlling majority in the bank. This comes after the government announced in late December 2008 that it would inject funds into the four leading banks in the country. The Law on Financial Stability, enacted recently included a USD 5 billion stimulus that included terms for the banks.
Posted Thu, 29/01/2009 - 01:00
KazTransGas-Tbilisi, a local subsidiary of KazTransGas has been acquired by Georgian investment group Kala Capital. Though the details of the transaction have not been disclosed, KazTransGas paid USD 12.5 million for Tbilgas in 2006.
Posted Mon, 26/01/2009 - 01:00
Private equity firm CDC Group has dedicated USD 40 million to funds in south-east and central Asia. USD 30 million has been slated for the Kendall Court Mezzanine (Asia) Bristol Fund, while USD 10 million will go to Centras Private Equity Fund. Both funds will be targeting small and medium sized enterprises in their specific geographic regions; Kendall in south-east Asia and Centras in central Asia.
Posted Fri, 23/01/2009 - 12:47
Multinational private equity firm SigmaBleyzer acquired a controlling share of bottled water company Asem-Ai. A reported USD 70 million was paid by SigmaBleyzer's SBV-V Fund. The investment will open the way for Asem-Ai's market expansion and building of new facilities through the capital increase. Founder Asem Ai Mukhtar Kochkarov will continue to manage the company as president as well as retain partial ownership.
Posted Thu, 18/09/2008 - 00:00
Aureos Central Asia Fund has invested USD 10 million in the Kazakh equipment leasing company Leasing Group JSC, taking a controlling stake in the company.
Posted Fri, 25/07/2008 - 00:00
According to a press release from Troika Capital Partners, the European Bank for Reconstruction and Development (EBRD) will commit USD 50 million to the firm's private equity fund, TCP Growth III, LP.
Posted Tue, 08/07/2008 - 00:00
Vimpel Communications (NYSE: VIP) acquired an additional 25% less one share of Limnotex Developments Ltd. for USD 561.8 million. Limnotex is the parent company of LLP KaR-Tel, VimpelCom’s operating subsidiary in Kazakhstan. As of January 10, 2008, Russian Alfa Group Consortium owns 44.0% of Vimpel Communications.
Posted Mon, 30/06/2008 - 00:00
Eagle Venture Partners with its Eagle Russia Fund and Troika Capital Partners' Russia New Growth Fund have made investments into Protein Technologies and Ingredients Group (PTI).
Posted Tue, 24/06/2008 - 00:00
United Arab Emirates’ Alnair Capital holding has entered into binding agreements to acquire a further 17.12% in Kazkommertsbank in addition to its current 8.03% shareholding.
Posted Tue, 20/05/2008 - 00:00
PPF Investments sold its stake of 19.5% in Oriel Resource, the UK AIM listed company which owns Russian smelter and Kazakh chrome and nickel mines, to Meche OAO at the end of April 2008. The integrated mining and metal group Mechel OAO publicly announced the intention to acquire the entire issued share capital of Oriel on March 26, 2008.
Posted Mon, 12/05/2008 - 00:00
The European Bank for Reconstruction and Development will invest in Kazakhstan Growth Fund, a newly established private equity fund that will invest minority and majority stakes in private companies in Kazakhstan, Russia or other countries of Central Asia.
