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    Reference: 20220921
    Release date: 13 March 2024

    Promoter – Financial Intermediary

    LIFTT SPA

    Location

    Description

    The operation consists of an Equity/Quasi-equity co-investment platform with LIFTT SpA, an Italian Venture builder backed by Italian foundations and asset managers (such as Fondazione Sanpaolo and Azimut Holdings).

    Objectives

    The aim is to support LIFTT investing in innovative Italian and European early to growth-stage innovative small and medium sized enterprises (SMEs) and mid-caps in the fields of life sciences, future tech (e.g. cybersecurity, deep tech industrial) and cleantech field. The investment rationale of the programme is to build up a portfolio of investments located in the EU27 and with the high additionality and multiplier expected from equity operations. The facility will be highly additional to the existing activities of LIFTT.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    not disclosed

    Total cost (Approximate amount)

    not disclosed

    Environmental aspects

    The promoter's investments concern investments for research, development and innovation activities that are expected to be carried out with existing facilities already authorised for the same purpose and would therefore not require an environmental impact assessment (EIA) under Directive 2011/92/EU. Full environmental details will be verified during appraisal.

    Procurement

    The promoter is a private company, not operating in the utilities sector and does not have the status of a contracting authority; thus the project is not covered by the EU directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The EIB's services will verify details during the project due diligence.

    Status

    Approved - 13/12/2023

    Milestone
    Under appraisal
    Approved
    13 December 2023

    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).

    Related tags

    Italy Services