November 2009

USA, Working Equity Raises $5M

November 30, 2009

Working Equity, Inc., a San Francisco, CA-based provider of a financial services product that empowers homeowners to lock in the equity value of their home closed a $5m equity financing. The funds will be used to support the growth of the company. Working Equity allows new homebuyers to remove downside risk while retaining the potential [...]

Moldova, EBRD Lends $15M to Edible Oil Producer Floarea Soarelui

November 30, 2009

The European Bank for Reconstruction and Development (EBRD) is providing a $15m loan to Floarea Soarelui, a manufacturer and distributor of edible oil in Moldova. A subsidiary of the WJ Group, one of the largest exporters and processors of grain and oilseed in the CIS and eastern Europe, Floarea Soarelui holds 40% of the edible [...]

UK, One North East Supports 150 SMEs with Coaching Assistance

November 30, 2009

The regional development agency One North East approved an innovative business support project with intensive, specialised coaching assistance to fast track the performance and growth of over 150 local enterprises. The Agency has commissioned Entrust, a business development organisation, to manage and co-ordinate the the “Coaching for High Growth” project for North East SMEs with [...]

UK Innovation Investment Fund Launches

November 27, 2009

Lord Mandelson and Lord Drayson presented today in London the UK Innovation Investment Fund (UKIIF), the new vehicle that will support high growth small businesses and start ups in strategic sectors such as life sciences, clean technologies, digital and advanced manufacturing. The fund will operate on a fund of funds structure. It means that it [...]

China Plans to Create Venture Capital Funds

November 27, 2009

According to Xinhua News Agency, China’s National Development and Reform Commission and Ministry of Finance are planning to create venture capital funds to support businesses with high growth potential and industrial restructuring. Within the framework of the plan, each fund would have a minimum size of approximately US$37m (RMB 250m yuan) and would be managed [...]

ADB Signs Trade Financing Agreements with Two Indonesian Banks

November 27, 2009

The Asian Development Bank (ADB) signed trade financing agreements with two Indonesian banks to help them provide support for local exporters and importers. Bank Mandiri (Persero) Tbk and PT Bank Muamalat Indonesia are the first banks in the country to sign deals within the framework of the ADB Trade Finance Facilitation Program (TFFP). The TFFP [...]

Belgium, Attentio Closes First Round of Financing

November 27, 2009

Attentio S.A., a Belgium-based provider of social media monitoring services, completed a round of financing from the Brussels Regional Investment Company (SRIB/GIMB), a regional investor that finances the creation, re-organization and expansion of private companies. The company provides its customers with its online Attentio Brand DashboardTM that tracks and analyzes online conversations across social and [...]

Indian Azure Power Closes Series A Funding Round

November 27, 2009

Azure Power, a New Delhi-based solar Independent Power Producer (IPP), closed ist Series A funding from Helion Venture Partners and Foundation Capital. The funds will be used to expand Azure Power’s operations in India. In connection with the financing, Mr. Sanjeev Aggarwal, Managing Director at Helion Advisors Pvt. Ltd. and Mr. Ashmeet Sidana, General Partner [...]

New Eagle Receives Microloan from Local Fund

November 27, 2009

New Eagle, a Ypsilanti, Mich.-based provider of tools, products, services, and solutions for mechatronic controls, has received the first loan from the Eastern Washtenaw Microloan Fund. The company, which is focused on the EV, hybrid power train and alternative energy markets, will use the funds to commercialize its MotoHawk® software. The $225,000 Eastern Washtenaw Microloan [...]

EIB, €300M Loan to UniCredit Leasing for Italian SMEs

November 27, 2009

The European Investment Bank (EIB) and the UniCredit Group have signed in Milan a €300m finance contract aimed at small and medium-sized enterprises (SMEs). The EIB funds will be channelled to small businesses via UniCredit Leasing, the Group’s dedicated global leasing business line. With a presence in 17 European countries, it operates via a specialised [...]

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