Release date: 12 November 2007
Promoter – Financial Intermediary
Closed-end fund established under Article 214-37 of the Financial and Monetary Code, to be managed by the management company Avenir Entreprises Gestion.Location
Description
The EIB will subscribe to the fund alongside OSEO and CDC Entreprises (the sponsors). The fund will finance SMEs with convertible bonds.
Objectives
Financing of small and medium-scale investments promoted by fast-growing small firms.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 20 million.
Total cost (Approximate amount)
The total amount of the fund will be up to EUR 60 million.
Environmental aspects
Compliance with national regulations transposing EU environment directives will be required.
Procurement
Compliance with national regulations transposing EU procurement directives will be required.
Status
Signed - 21/12/2007
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).