EMP Global

The Brunei-based alternatives manager has bought EMP Global, an emerging markets private equity firm. EMP's heavy-hitting chairman, former World Bank chief and Pakistani prime minister Moeen Qureshi, joins BMB’s senior management.

EMP Global, a private equity investor in emerging markets specialising in direct investments, has hired James Seymour, a fund investment veteran.

PAMA Group, formerly Prudential Asset Management Asia, has been acquired by the US-headquartered emerging markets private equity firm EMP Global to “aggressively position” the latter’s Asia operations.

Sarah Alexander has led the Emerging Markets Private Equity Association since its launch in 2004. The organisation is searching for a new chief executive.

Earth Capital Partners' Forestry Fund I is targeting 12% IRRs through the acquisition of established plantations and agricultural land.

In this issue ? 2008-06-01 Staff Writer COMPANIES Alchemy Partners 6 Abraaj Capital 36 Actis 36,64 Advent International 8, 26 AIG 38 Alpha Associates 78&l

The firm, which focuses on Central and Eastern Europe, was formed last year by former Advent director George Swirski and former Copernicus Capital managing partner Neil Milne.

The pan-African investor, nearing full deployment of its first independently raised fund, is betting that the East African nation’s biggest saltwater lake can produce four million tons of salt by 2012. The fresh capital will be used for buying equipment and facility renovations.

The emerging markets-focussed private equity firm has sold 10 percent stake in pipeline company Transredes at a profit for for $46.6m, in compliance with Bolivia’s nationalisation of the oil and gas sector.

The private equity firm’s Latin America Infrastructure Fund has now fully exited Mexican telecom start-up Axtel, following the company’s $345m 2005 IPO.

Emerging Capital Partners, the pan-African buyout firm led by Tom Gibian, which started the trend towards regional funds on the continent, looks set to hit the fundraising trail just months after closing its latest fund.