Release date: 30 April 2021
Promoter – Financial Intermediary
SUOMEN TEOLLISUUSSIJOITUS OY
Quasi-equity co-investment platform between the EIB and FII (Finnish Industry Investment), a national promotional finance institution (NPI) in Finland, to support recovery of innovative small and medium-sized enterprises (SMEs) after the COVID-19 crisis.
The operation concerns a potential co-investment platform with Suomen Teollisuussijoitus (TESI). TESI is also referred to as the Finnish Industry Investment (FII) and a national promotional finance institution (NPI) in Finland. The EIB would commit capital from the European Guarantee Fund (EGF) to invest in quasi-equity transactions originated, structured and managed by FII. The target companies would be Finnish SMEs affected by COVID-19.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 100 million
The platform's operational guidelines will provide for due diligence of environmental and social aspects for all projects, according to guidelines acceptable to the EIB.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Approved - 22/07/2021
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).