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    Reference: 20170264
    Release date: 25 April 2017

    Promoter – Financial Intermediary

    ACCEPTABLE CORPORATE(S)

    Location

    Description

    This is a joint EIB-EIF project aiming to provide additional risk capital to commercial fund managers through systemic co-investments into European small and medium-sized enterprises (SMEs) and mid-cap companies.

    Objectives

    The objective is to build a portfolio of EIB co-investments alongside EIF-supported SME and mid-cap funds across the EU Member States. The target investee companies will be mainly innovative SMEs and mid-caps.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 200 million

    Total cost (Approximate amount)

    Not disclosed.

    Environmental aspects

    In accordance with the Bank's policy to ensure that the investments carried out by the co-investment facility comply with the EU acquis in the field of environment the Bank will require the commercial fund managers to take all the requisite measures to ensure that the environmental procedures carried out by the final beneficiaries in which the co-investment facility invests comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.

    Procurement

    The final beneficiaries in which the co-investment facility will invest will most likely be private companies not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the appraisal, the EIB were to conclude that the final beneficiaries are after all subject to EU public procurement legislation (i.e. Directive 2014/24/EU or Directive 2004/18/EC where applicable), then the Bank or EIF would require the commercial fund managers to take all the requisite measures to ensure that contracts for the implementation of the projects carried out by final beneficiaries have been/will be tendered in accordance with the relevant applicable EU procurement legislation (i.e. Directive 2014/24/EU or Directive 2004/18/EC where applicable, and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 22/08/2017

    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).

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