Release date: 21 March 2016
Promoter – Financial Intermediary
PRIVATE ENTITY(IES)Location
Description
Equity participation of up to EUR 20m in a closed-end private equity fund investing in private sector companies in Greece. The EIB will supplement the EIF's commitment of EUR 20m.
Objectives
The fund will aim to provide growth and expansion capital to small and medium-sized private companies (SMEs) located in Greece with high growth potential. It will contribute to the Greek private equity market, providing SMEs and mid-caps with a much-needed alternative source of funding. The fund's target size is EUR 150-165m.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 20 million
Total cost (Approximate amount)
EUR 165 million
Environmental aspects
The fund will operate in line with the EIB's environmental and social standards.
Procurement
Procurement will be in line with EIB guidelines for private sector projects.
Status
Signed - 29/07/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).