Download libevent from this site:

http://www.monkey.org/~provos/libevent/

Then unpack, configure and compile it. Also install it in /usr/local

./configure --prefix=/usr/local
make
make install

Then obtain latest memcached from:

http://www.danga.com/memcached/download.bml

Then unpack, configure and compile. You need to point to the same folder so configure could find the library.

unpack
./configure --with-libevent=/usr/local/
make

./memcached -u root -vv

And thats all.

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