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Te Creemos Holding Announces Acquisition of FINCA Mexico

November 15, 2016 – Te Creemos Holding, S.A.P.I. de C.V., a Creation Investments portfolio company and the parent company of Te Creemos, S.A. de C.V. Sociedad Financiera Popular, has announced the acquisition of 100% of the shares of Financiera FINCA, S.A.P.I. de C.V., SOFOM, ENR (“FINCA Mexico”). Creation Investments worked alongside the founding shareholders of Te Creemos Holding …
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Protected: Creation Investments Annual Investor Meeting 2016

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Thai listed Group Lease to acquire stakes in microfinance firms in Sri Lanka, Myanmar for $80.67m

October 3, 2016: Group Lease Plc’s board of directors gave the green light to its subsidiary Group Lease Holding to acquire the stakes in Sri Lanka’s listed Commercial Credit and Finance Plc (CCF) and Myanmar-based BG Microfinance Myanmar (BGMM) for around 2.79 billion baht ($80.67 million). The first deal will be the acquisition of 29.99 …
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Thai finance firm Group Lease to buy Myanmar microfinance business

http://www.reuters.com/article/group-lease-myanmar-idUSL3N1BJ2EK Thai motorcycle lessor Group Lease PCL plans to buy 71.9 percent of BG Microfinance Myanmar from Sri Lanka’s Commercial Credit and Finance PLC for an unspecified amount, to take advantage of rising microfinance demand in Southeast Asia. Through the deal, Group Lease will expand its regional presence, adding Myanmar to Thailand, Cambodia, Laos and …
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Microfinance leaves India’s banks in the dust

Microfinance leaves India’s banks in the dust By Una Galani August 23, 2016 The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Microfinance is making India’s big banks look bad. Small lenders that help the poor buy everything from bicycles to sewing machines are back and growing at breakneck speed after …
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Equitas IPO Forges Path for Investing in Inclusive Finance

May 4, 2016 in Center for Financial Inclusion > Posted by Anna Kanze, Chief Operating Officer, Grassroots Capital Management The initial public offering (IPO) of Chennai-based Equitas Holdings Ltd., the holding firm for the fifth-largest microlender in India, was very successful, raising nearly US$235 million (Rs 1,525 crore) and demonstrating the maturation of the microfinance …
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Fusion Microfinance gets Rs 162 cr funding from Creation

MUMBAI: Fusion has raised Rs 162 crore from US-based private equity firm Creation Investments in a fourth strategic round (Series D) of funding.  Other investors which participated in the funding included a new investor GAWA and existing investors BIO and Oikocredit, the microfinance institution said in a statement today. The funding will help Fusion Microfinance to continue its organic …
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Microfinance institution NOA becomes first borrower under Albania Agribusiness Support Facility

By Axel  Reiserer 27 Jul 2016 image: http://www.ebrd.com/image/1395251886746.jpg €5 million credit line for on-lending to local agribusinesses The microfinance institution NOA sh.a. is the first borrower under the new Albania Agribusiness Support Facility with a €5 million credit line. The funding will allow NOA to support local agribusinesses with loans tailored to the needs of …
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CREATION INVESTMENTS CLOSES FUND III, EXCEEDING TARGET AND HITTING HARD CAP

PRESS RELEASE August 1, 2016 CREATION INVESTMENTS FUND III EXCEEDS TARGET, REACHES HARD CAP $125 MILLION OF CAPITAL COMMITMENTS CHICAGO – Creation Investments Capital Management, LLC is pleased to announce the final closing of Creation Investments Social Ventures Fund III, LP (the “Fund”) with $125 million of capital commitments. The Fund was pleased to accept …
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Equitas’ Q1 net rises 64% to Rs 61 cr Revenue up 46% at Rs 348 cr

T E Narasimhan | Chennai July 22, 2016 Last Updated at 18:38 IST Equitas Holdings first quarter ended June 30, 2016 profit stood at Rs 61.17 crore as compared to Rs. 37.38 crore, an increase of around 64 per cent. Company’s revenue was at Rs 348 crore as compared to Rs 239 crore, up by …