Release date: 27 January 2020
Promoter – Financial Intermediary
TILT CAPITAL PARTNERS SASLocation
Description
The proposed operation concerns an investment in an equity fund providing growth capital through minority equity participation to small and medium sized enterprises (SMEs) in the energy transition sector.
Objectives
TILT Capital Fund I will predominantly invest equity and quasi-equity in European low-carbon transition projects mainly developed through SMEs. The fund will generally seek to acquire significant minority or majority stakes in each company having strong corporate governance rights, to be able to monitor and manage the investment risks.
Sector(s)
- Energy - Electricity, gas, steam and air conditioning supply
Proposed EIB finance (Approximate amount)
EUR 40 million
Total cost (Approximate amount)
EUR 250 million
Environmental aspects
The EIB will ensure that the Fund's operational guidelines comply with its social and environmental standards.
Procurement
The Fund has been assessed by EIB as investing only in private companies not being subject to EU rules on public procurement or concessions. However, if after the appraisal, the EIB were to conclude that the Fund invests also in projects subject to EU public procurement legislation, then the Bank would require the fund manager to ensure that contracts for the implementation of the projects financed by the Fund will be done in accordance with the Bank's Guide to Procurement.
Status
Signed - 30/10/2020
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).