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    Reference: 20230916
    Release date: 25 June 2024

    Promoter – Financial Intermediary

    SPECIAL PURPOSE ENTITY(IES)/FUND

    Location

    Description

    The operation consists of an equity participation into Excelsior Vietnam Fund II, a private equity fund managed by Excelsior Capital Vietnam. The fund supports investments into local companies that operate in sectors in line with the EU's Global Gateway strategy.

    Objectives

    The key objectives include private sector development, the creation of jobs and supporting local enterprises, including through digitalisation initiatives, across several economic sectors in Vietnam. The operation will increase access to risk capital and to support the institutionalisation of local enterprises. The fund aims to invest in a diversified portfolio of companies, supporting the value creation in the underlying investees through a hands-on management approach enhanced by the EIB's Environmental and Social standards.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    USD 40 million (EUR 37 million)

    Total cost (Approximate amount)

    USD 200 million (EUR 187 million)

    Environmental aspects

    The fund will operate in line with the EIB's Environmental and Social standards.

    Procurement

    N/A

    Status

    Under appraisal - 16/01/2024

    Milestone
    Under appraisal

    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

    Vietnam Services