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Private Equity Week Wire — Monday 3/18

NEW YORK — DuoCash has announced the close of their
Series B financing led by OCI Venture Group, an early stage strategic private
equity group focusing on IT, communications and digital media industries, and
the venture investment arm of OCI Group, a multi-national Asian conglomerate.

NEW YORK — Dave Williams, chairman of White Williams Private Equity Partners, today signed an agreement with the management of the Hungarian-American Enterprise Fund for investment assistance in Hungary to the European Accession Fund.

The Fund, currently in an asset raising phase, will make private equity investments in companies located in Central and Eastern European countries that are expected to join the European Union in 2004-5.

The Hungarian-American Enterprise Fund, a private equity fund established by the U.S. Government in 1990, is managed by MAVA Capital of Budapest, Hungary. The same investment team manages a parallel private fund, Hungarian Equity Partners.