Release date: 15 May 2013
Promoter – Financial Intermediary
Mid Europa IV Management LtdLocation
Description
European equity fund providing capital to mid-market companies in consumer and service growth sectors in Central and Eastern Europe, the Balkans, the Baltic states and Turkey.
Objectives
The fund will invest equity in companies seeking capital, with a view to creating jobs and encouraging economic growth, improving the business environment, supporting entrepreneurship and promoting the competitiveness of Europe’s industries.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 1000 million
Environmental aspects
The Bank will require the promoter to ensure that all the investee companies comply with the environmental and social requirements of the Bank as set forth in EIB Environmental and Social Principles and Standards.
Procurement
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/17/EC/ or 2004/18/EC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.
Status
Signed - 22/10/2013