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Follow on Google News | Midas International to Expand Venture Capital PresenceMajor banks may be in a credit freeze but some boutique firms are taking advantage while the big players sit on the sidelines
By: Midas International With major investment banks hoarding what little available cash they have on hand many small companies are feeling the pinch. Midas has recently completed deals with a pair of upstart Biotech firms, a manufacture of fuel-efficient, urban oriented delivery vehicles and a property development fund. These companies all had been courted by major and mid major investment banks, who dragged their feet as the credit crisis developed in early September. “Innovations haven’t stopped, hopefully the funding for these companies, many of whom have products and concepts they have been developing for years won’t stop either,” a spokesman for Midas said. Midas International has committed to continue their infusion of capital into small and mid-sized businesses through 2009. The company has several ventures set for the upcoming months and is actively looking at deals in the months to come. The company is looking primarily at emerging technology offerings, but also interested in more traditional avenues such as food services and consumables. For more information about Midas International please visit their website at www.midasworldwide.com. # # # Midas International, FZE (http://www.midasworldwide.com) is an investment banking, financial consulting and brokerage firm offering investment solutions, asset allocation strategies and analysis on equities and fixed income securities. The Dubai based investment firm has satellite offices in Hong Kong, London and Sydney. End
Page Updated Last on: Nov 19, 2008
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