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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Italy : € 15,000,000
    Services : € 15,000,000
    Signature date(s)
    7/08/2020 : € 7,500,000
    7/08/2020 : € 7,500,000
    Link to source

    Summary sheet

    Release date
    20 October 2020
    Status
    Reference
    Signed | 07/08/2020
    20190726
    Project name
    Promoter - financial intermediary
    MMI (EGFF)
    MEDICAL MICROINSTRUMENTS SPA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 15 million
    EUR 33 million
    Location
    Sector(s)
    • Services - Professional, scientific and technical activities
    Description
    Objectives

    Quasi-equity financing of MMI, an innovative medtech company based in Italy. The project is dedicated to financing the company's research, development and innovation (RDI) and capex costs for the development of its robotic surgery products.

    The proposed transaction will support research and development (R&D) investments required to bring a product to the market addressing a high unmet medical need, in a growing patient population, preserving and cultivating highly skilled employment opportunities.

    Environmental aspects
    Procurement

    The Promoter's investments concern research, development and innovation activities that are expected to be carried out in existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2014/52/EU amending 2011/92/EU. Full environmental details verified during appraisal.

    The Promoter is a private company, not operating in the utilities sector and does not have the status of a contracting authority; thus the project is not covered by the EU directives on procurement. However, the Promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project due diligence.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Data Sheet (ESDS) - MMI (EGFF)
    Publication Date
    23 Oct 2020
    Document language
    Main Topic
    Lending
    Document Number
    130177793
    Document Focus
    Environmental Information
    Project Number
    20190726
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    scoreboard - EUROPEAN GROWTH FINANCE FACILITY
    Publication Date
    13 Sep 2019
    Document Language
    English
    Main Topic
    lending
    Document Number
    122912044
    Document Focus
    EFSI legal requirements
    Document Type
    Scoreboard
    Project Number
    20170859
    Last update
    19 Aug 2020
    Sector(s)
    Industry
    Publicly available
    Download now

    News & Stories

    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.

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

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    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.

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    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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