FinancePlus Top Menu

News, Deals and Events from FinancePlus

Abraaj Group aims for Cairo Medical Center takeover

DUBAI, June 19 (Reuters) – Emerging market-focused private equity firm Abraaj Group aims to complete a takeover of Egyptian healthcare firm Cairo Medical Center after announcing plans for a tender offer to shareholders. The transaction is one of a number of mergers and acquisitions deals underway in Egypt, which is showing signs of renewed life […]


VC investment falls 40% in Q1 2014 – Seasonal variation or worrying contraction?

East-West Digital News Venture investment volumes in Russia fell 42% as the number of completed deals dropped 38% in Q1 2014, says Rye, Man and Gor Securities (RMG), an independent Moscow-based investment company, in their latest quarterly report published with the participation of East-West Digital News. In what appears to be a new low for […]

Foodpanda Acquires Russian Competitor Delivery Club

TechCrunch June 18, 2014 Rocket Internet-incubated foodpanda has acquired Delivery Club in a move it says will make the combined companies Russia’s leading food delivery service with over 2,500 restaurants. The value of the deal was undisclosed. Delivery Club, which will continue operating under its own brand, was founded in 2009, shortly before foodpanda, and […]

Hong Kong-Based Financial Startup WeLab Raises $14M Series A From Sequoia And TOM Group

WeLab, the startup that runs WeLend, Hong Kong’s first peer-to-peer lending site, has raised a $14 million Series A from TOM Group and Sequoia Capital. The company says it plans to launch a new product in mainland China later this year that will use big data for credit risk modeling, as well as establish strategic […]

Yandex to acquire classifieds site

East-West Digital News Yandex, the NASDAQ-listed Russian search giant, announced its plans to acquire, one of the leading online auto classifieds sites in Russia, for approximately $175 million in cash. The transaction, which remains subject to certain pre-closing conditions, is expected to be completed in Q3 2014. Yandex will purchase 100% of’s issued shares. […]

Chinese Startup Crowdfunding Site CTQuan Raises $4 Million, Launches Overseas Investment Fund

TechCrunch June 13, 2014 CTQuan, the Chinese equity crowdfunding site for startup companies, has raised roughly $4 million in a new round of financing, TechCrunch has learned. The Beijing-based company (and CrunchBase content partner) is similar to AngelList in its offering of investment information and a directory of Chinese startup companies, syndicated investment vehicles (which […]

Profitable Hospital in Turkey for Sale

Hospital Beta started operations in 1991 and has a total area 4,200 sqm with 56 beds, 23 adult intensive care units, 18 infant incubators, 4 operating rooms, 2 delivery rooms. It employes 37 physicians and 179 staff members. The hospital has a number of specialty branches including: General Surgery, Obgyn, Internal Medicine, Orthopedics and Traumatology, […]

African Tantalum Mine and Plant for Sale

This opportunity involves the acquisition of a Tantalum mine and an operational Plant/Company during a privatization. Company Overview: Company was established in year 2000 in accordance with the Commercial Code of the local African government. The Company has a capacity of 215 tons per annum and 475 permanent employees. With current prices, annual revenues could […]

Central California Beach Front Hotel Project Seeking Investor

The principals have about USD 7 million invested in this 121 room beach front hotel project in a good location in Central California. The project has full entitlement, and is shovel ready for vertical construction. The project has permits ready to go. The owner is seeking and investor to provide USD 14 m of a […]

Daily Deals Aggregator Bownty Acquires European Competitor Yunait

European daily deal aggregator Bownty has acquired local competitor Yunait, which claims to be the leader in Southern Europe — though, notably, along with Spain, Italy, Portugal and the UK, it also operates in Brazil, Argentina and Mexico. Terms of the deal remain undisclosed. However, the daily deal aggregator roll up will see Yunait adopt […]