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FidelisWorld Completes its Exit from Technology Frontiers

FidelisWorld (FW), the Mauritius-based, Asia-focused, technology, media, and entertainment fund announced its maiden exit from Technology Frontiers (Techfront). FW fully exited its investment in Techfront to Emerald Media, the pan-Asia company backed by leading global investment firm KKR, achieving an exit multiple of 2 times invested capital. FW first invested in Techfront in 2014.

Techfront is a leading global provider of in-venue advertising display boards and activation solutions for the sports, media, and entertainment industries. Through its subsidiary ITW, Techfront provides ad syndication services to global brands and advertisers.

Anand S. Krishnan, Managing Partner of FW, said, “We are very happy to announce our maiden exit, and rightly so, from our first major investment. On behalf of the FW family, I would like to thank Murali and everyone at Techfront for an exciting journey over the last four years, and we wish them all the best as they take the business to greater heights.”

Shardul Amarchand Mangaldas acted as the legal advisor and Dhruva Advisors acted as tax advisor to FW for this transaction.

About FW

FidelisWorld, based in Mauritius, provides growth equity capital to companies operating in the technology, media, and entertainment/consumer sectors across rapidly growing Asia.


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