Release date: 8 December 2009
Promoter – Financial Intermediary
SwicorpLocation
Description
The operation consists of the Bank’s acquisition of an equity participation using EU budgetary resources (risk capital managed by the Bank under Regulation 1638/2006 of 24 October 2006) in a newly-created closed-ended multi-sector investment fund.
Objectives
The Fund will seek to take majority and/or controlling stakes in profitable mid-sized companies operating in sectors driven directly or indirectly by growth in consumer demand which have a significant growth potential and a dynamic management team with solid capabilities in its industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the lower of the USD equivalent of EUR 10 million and 20% of the total commitments at any closing.
Total cost (Approximate amount)
The Fund will target a minimum capital of USD 100 million at first closing. The promoter’s target amount at final closing is USD 400 million.
Environmental aspects
N/A (intermediated private sector investment).
Procurement
N/A (private sector investment).
Status
Signed - 18/12/2009
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).