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Private equity firms in India that bought assets before 2010 will not be taxed retroactively under GAAR, although further interpretation is now needed on some new terms.
Stuart MacKenzie (pictured), who joined Ethos 15 years ago, will replace founding partner and CEO André Roux at the end of 2013.
The investment in DSM Corridor Group is the pan-African PE firm's first in Tanzania.
The newly-formed group, which helps wealthy families make impact investments, has assembled an experienced team for its first African office.
Funds under management in South Africa jumped 10.4 percent in 2012 – more than twice as much as in the previous four years combined.
The CapMan spin-out hoped to raise SEK 2bn for its debut buyout fund to target investments in Sweden, but has pulled its fundraising after failing to get traction in the market.
The firm’s second fund has a $400m target and will have a wider financial services focus than its $135m debut vehicle.
Since July, the firm has invested a combined $460m in renewable energy businesses in Chile and Brazil.
Graham Wrigley, whose previous board chairmanships include emerging markets firm Aureos, joins the UK institution as it continues its shift towards direct investing.
Amid slower growth and toughening competition in a number of emerging markets, Mark Mobius, executive chairman of Templeton Emerging Market Group, explains why developing economies continue to offer a wealth of opportunities for private equity.

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