Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200810
    Release date: 30 April 2021

    Promoter – Financial Intermediary

    SUOMEN TEOLLISUUSSIJOITUS OY

    Location

    Description

    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.

    Objectives

    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.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    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.

    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Status

    Approved - 22/07/2021

    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

    Finland Services