International Private Equity

PART 4

Case studies

Chapter	Case study	Key themes
18	Realza CapitalRegion: Spain	The Realza case study examines the motivations and challenges of raising a first-time private equity fund in Spain. Key themes: What LPs would typically look for before investing into a fund Measuring GPs’ track record Pros and cons of captive vs. independent funds Fundraising process: strategy, due diligence, and role of the placement agent Term sheet negotiation between a GP and LP Timing of the fund's first investment and fund closing.
19	SwicorpRegion: MENA	The Swicorp case study examines the activities of a private equity fund in the Middle East and North Africa (MENA) region, from its entrance to the market, through its operation and execution of deals in the region. Key themes: Unique characteristics of private equity in the MENA region, including the role of sovereign wealth funds Strategic positioning in the MENA market Investment strategy and deal selection Two specific acquisitions—Step (Turkey) and JATE (Jordan): structure and negotiation.
20	Mekong CapitalRegion: Vietnam	The Mekong case study recounts the story of the foundation and growth of a Vietnamese private equity firm, set up by an American expatriate, which has three funds under management. Key themes: Issues and challenges faced when creating and growing a private equity firm in an emerging market Contesting several of investment in an emerging market Insight into different investment themes and processes employed ...