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Article: Emerging Capital Partners Sells Stake in African Natural Rubber Company for 3.4x Initial Investment.
- Article from:
- PR Newswire Europe
- Article date:
- July 23, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, July 23 /PRNewswire/ --
- Investment exemplifies developing strength of agribusiness sector for private equity investing in Africa
Emerging Capital Partners LLC (ECP), an international private equity firm focused on investing across the African continent, today announced the sale of its entire position in Societe Internationale de Plantations d'Heveas (NYSE Euronext: SIPH), Africa's leading natural rubber producer and exporter. ECP's exit was made via block sales on the NYSE Euronext Paris exchange and the sale of call options, with total proceeds of US$49.8 million representing 3.4x the fund's initial investment. The highly structured ...