Feb 25, 2013 | Africa, News
VENTURES AFRICA – The Climate Investment Funds (CIF) has agreed to provide Nigeria with $50 million to support an African Development Bank-backed program of financial intermediation for renewable energy and energy efficiency through local banks. The money, being...
Feb 25, 2013 | Central & Eastern Europe, News, Russia
MOSCOW/LONDON, Feb 22 (Reuters) – Russian billionaire Mikhail Prokhorov has sold his stake in London-listed gold miner Polyus Gold to two Russian buyers for $3.6 billion after approval from British regulators. The sale marks the end of an era for Prokhorov, an...
Feb 25, 2013 | Central & Eastern Europe, News, Russia
TMT Investments, a UK-headquartered venture fund backed by Russian businessmen, announced last week that it has invested $1 million in mobile advertising network Adinch in exchange for a 20% stake. Adinch has developed a “universal self-service mobile advertising...
Feb 21, 2013 | India, News, South & Central Asia
MUMBAI, Feb 21 (Reuters) U.S. private equity firm TPG Capital has raised $305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Co Ltd(SRTR.NS), a source with direct knowledge of the matter said on Thursday. TPG,...
Feb 21, 2013 | News, North America
NEW YORK, Feb 20 (Reuters) Private equity firm Forstmann Little & Company has decided to put its sports and modeling talent agency IMG up for sale and is in the process of picking an investment bank to lead the effort, three people familiar with the matter said....
Feb 21, 2013 | News, North America
SAN FRANCISCO, Feb 20 (Reuters) Online scrapbook Pinterest has raised a new $200 million round of funding that gives it a valuation of $2.5 billion, the company said on Wednesday. Pinterest, which allows users to create online bulletin boards based on various themes...
