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The operation consists of a G4M guarantee of up to EUR 100m to support Italian mid-caps through the intermediary.
The aim is to support the final beneficiaries in their investment and growth efforts as well as their working capital needs. The EIB guarantee will also enhance Banca Sella Spa's lending capacity and risk appetite on a "semi-granular" portfolio of mid-cap loans which will benefit from a financial advantage in their risk pricing and cost of lending. Additionally, the EIB support will attract diverse funding sources for Italian mid-caps.
This Growth4MidCaps (G4M) operation is designed to provide support to Mid-caps in Italy in order to foster their access to finance and contribute to the long-term economic growth.
Specifically, the guarantee will address the funding needs of Italian MidCaps in their growth ambitions, providing benefits such as higher financing volumes, risk-taking support, or reduced collateral requirements thereby alleviating some of the pressures faced by the real economy and contributing to job security and growth.
The Financial Intermediary of the present operation is an established player in the target market and a repeat client of the EIB Group, having successfully implemented previous operations.
The guarantee may alleviate capital and credit related concerns of the Financial Intermediary and thereby free up additional lending capacity. The operation is expected to carry a signalling effect, thereby crowding in other parties.
The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.