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Signature(s)

Amount
€ 200,000,000
Sector(s)
Services : € 200,000,000
Signature date(s)
18/08/2017 : € 100,000,000
18/08/2017 : € 100,000,000
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Summary sheet

Release date
25 April 2017
Status
Reference
Signed | 22/08/2017
20170264
Project name
Promoter - financial intermediary
EIB-EIF CO-INVESTMENT FACILITY
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
Not disclosed.
Location
Sector(s)
Description
Objectives

This is a joint EIB-EIF project aiming to provide additional risk capital to commercial fund managers through systemic co-investments into European small and medium-sized enterprises (SMEs) and mid-cap companies.

The objective is to build a portfolio of EIB co-investments alongside EIF-supported SME and mid-cap funds across the EU Member States. The target investee companies will be mainly innovative SMEs and mid-caps.

Environmental aspects
Procurement

In accordance with the Bank's policy to ensure that the investments carried out by the co-investment facility comply with the EU acquis in the field of environment the Bank will require the commercial fund managers to take all the requisite measures to ensure that the environmental procedures carried out by the final beneficiaries in which the co-investment facility invests comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.

The final beneficiaries in which the co-investment facility will invest will most likely be private companies not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the appraisal, the EIB were to conclude that the final beneficiaries are after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU or Directive 2004/18/EC where applicable), then the Bank or EIF would require the commercial fund managers to take all the requisite measures to ensure that contracts for the implementation of the projects carried out by final beneficiaries have been/will be tendered in accordance with the relevant applicable EU procurement legislation (i.e. Directive 2014/24/EU or Directive 2004/18/EC where applicable, and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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