Zfere Holdings announced
that it has secured a 500 Million Euro facility from Cayman based Equity
Partners Fund SPC for Zfere’s acquisitions activity.
As part of this transaction the company announced that is
has signed an agreement to purchase a Frankfurt Exchange listed company.
The acquired company to be renamed Zfere will consolidate global social
commerce operations.
The facility led by EPF with participants, Funchal Equity
Partners Fund and Zigong Commercial Equity Partners Fund is designed to provide
Zfere the necessary capital to fulfill its development strategy and to consolidate
its presence globally.
“The acquisition, which we expect to finalize
shortly will position Zfere to redefine people’s concept of what social
commerce is. Immediately after this acquisition we will dramatically
expand beta testing of our mobile products and shortly thereafter make our more
traditional products available to members and Zfere Enabled Business’s
globally,” said Steve Vanderbol, CEO. Zfere Holdings.
By Telecomlead.com Team
editor@telecomlead.com
