ST. CHARLES, Nevis, Sept. 12, 2011 /PRNewswire/ -- Zfere Holdings Inc. (www.zfere.com) announced today 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. Further terms of the funding were not disclosed.
"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," stated Zfere Holdings CEO, Steve Vanderbol.
About Equity Partners Fund SPC
Equity Partners Fund SPC is a segregated portfolio company with several portfolio companies through which it makes investments on a global basis. We focus on equity investments in public companies with market capitalizations under $5 billion. The fund currently invests in technology, manufacturing, construction, mining, communications, healthcare and finance.
Equity Partners Fund SPC has no outside investors and is considered a private fund run by its principals, similar to a merchant bank that invests its own capital and as such it is seeking capital appreciation through the identification and funding of liquid growth companies.
For information on Equity Partners Fund SPC go to www.equitypartnersfund.com
Zfere Holdings Inc. (a Nevis, IBC) – Zfere is an enhanced, converged new media company designs, develops, and implements viable technologies for social media, social commerce, marketing, and Mobile Payment systems. Its products from inception are designed to operate seamlessly with mobile devices in order to define and implement the next evolution in communications, commerce, and community.
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SOURCE Zfere Holdings Inc.