Tag Archives: private equity

Creation Invests Rs.130 Cr in Muthoot Microfinance

Chicago-based PE Fund Creation Investments has invested Rs.130 crore in Muthoot Microfinance, making it a significant deal in the BFSI & microfinance space after the Indian Government’s demonetization-digital-cashless economy initiatives. With this deal, Creation Investments will hold 11% stake in Muthoot Microfin Ltd. The capital raised will be utilised to serve BoP clients and to expand business to newer geographies ...

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IFC Lends $10 Million Worth Credit Line to Nigeria’s LAPD MfB

IFC, the inestment arm of the World Bank, will provide $10 million loan to LAPO Microfinance Bank in Nigeria to roll out agent banking that will increase access to financial services for low-income customers, small-scale entrepreneurs and rural communities. It is the largest-ever investment IFC has made in a microfinance institution in Sub-Saharan Africa. LAPO Microfinance Bank, one among the ...

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German GLS Bank to Invest 22 Mln Euros in Green Growth Fund

The German GLS Bank is investing EUR 22 million in the Green for Growth Fund, Southeast Europe (GGF) as part of its impact investment strategy, especifically in sustainable energy, said the bank. The investment will leverage existing investments from donors and international financial institutions, and provide additional funding for energy efficiency (EE) and renewable energy (RE) projects in the Fund’s ...

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Hungama, Indian music firm raises $100 million funds

Indian media company Hungama that provides music, videos and movies on mobile, desktop and beyond, is on the cusp of raising more than $100 million, according to a media report. The media company is in “advanced” talks with existing investors Intel Capital and Bessemer Venture Partners, which fronted a $40 million raise last summer, TechCrunch reported citing sources close to ...

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