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    Reference: 20150504
    Release date: 13 April 2016

    Promoter – Financial Intermediary

    INSTITUTO DE CRÉDITO OFICIAL (ICO)

    Location

    Description

    Contingent loan to ICO earmarked to fund Fond-ICO Global's participations in selected private growth funds in Spain for growth and expansion finance of private companies in the EU

    Objectives

    The operation aims at fostering the private equity market in Spain, catalyzing new private equity investments (both from domestic and international investors) through Fond-ICO Global. The fund forms part of the Spanish State co-financing contribution to the Investment Plan for Europe.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 250 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    The fund manager will carry out an assessment with regard to those investments which the fund manager considers to be EIB eligible investments in order to come to the reasoned conclusion that environmental and social impacts have been duly addressed and the projects are acceptable in environmental and social terms. Within the EU, the applicable directives on environmental and social matters in force at the time should be complied with.

    Procurement

    The fund's investment guidelines will be required to ensure that procurement procedures applied in the selection of the funds are in line with industry best practice and the provisions of EU procurement directives if applicable.

    Status

    Signed - 14/07/2016

    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).

    Related tags

    EU Countries Spain Credit lines