Thursday, November 15, 2012 No Region Specified
Source: http://www.accion.org/page.aspx?pid=4281
Bamboo Finance, a global private equity group specializing in microfinance and financing social entrepreneurship, announced today that is has acquired a controlling interest in Accion Investments in Microfinance, SPC, a private, for-profit equity fund that has provided capital to microfinance institutions (MFIs) since 2003.
“This US$105 million transaction is a landmark for the industry” said Jean-Philippe de Schrevel, CEO of Bamboo Finance, “It demonstrates the maturity of the sector and its readiness for private investors.”