Global Finance Group invests in NetMed

MIH Ltd (Nasdaq: MIHL) the international television platform operator and software technology group, today announced the investment made by Global Capital Investors II LP, a fund managed by Global Finance Group, in its Mediterranean platform, NetMed BV. Global Finance's fund will acquire approximately 11% stake in NetMed BV by way of a share capital increase. As part of the agreement, NetMed will be converted into a public company with a view to be listed in 2001.

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Global Finance Invests in New Economy

With two international investments of US $35 million in companies belonging to the Software and Telecommunications industry respectively, Global Finance, the leading Venture Capital and Private Equity firm in Greece, continues its successful investment activity. These two investments, coming from the most recently raised fund Global Capital Investors II, with total capital of 200 million Euro, have been directed to Temenos Holdings NV and Zephyr Telecommunications Inc.

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