News from February 2010

Pension funds eye $200 stake in private equity

Mexico’s pension funds will take a $200 million stake in a fund that invests in private equity, people involved in the deal said, as the risk-shy funds search for bigger returns.
Roughly half of the country’s private pension funds, known as Afores, will be involved in the transaction that should be listed on the Mexican stock [...]

S.Africa bonds gain on inflation hopes, rand up

JOHANNESBURG (Reuters) – South Africa’s government bonds gained on Wednesday on a lower than expected power price increase that cast the inflation outlook in a brighter light, while the rand firmed slightly after the dollar slipped.
Government bonds cheered the decision by South Africa’s energy regulator to approve an average power tariff increase of 25 percent [...]

Actis increases investments in emerging markets

Actis, an emerging markets private equity specialist, announced that it has invested US$50 million to acquire a substantial minority stake in Integreon, the leading global provider of legal support, research and business services to law firms, financial institutions and corporations, based in London, Los Angeles and Mumbai.
As part of this investment, JM Trivedi, Actis’s Head [...]

South Africa to increase regulation of PE

Africa’s largest private equity market plans to overhaul its financial regulatory system and expand its oversight of private equity activity.
South African Minister of Finance Pravin Gordhan said Wednesday the country plans to reform its financial regulatory system and expand oversight of “hedge funds, private equity and credit ratings agencies”.
He made the remarks during a speech presenting President [...]

Actis invests US$50 million in Integreon