Release date: 8 December 2009
Promoter – Financial Intermediary
SwicorpLocation
Description
The operation consists of the Bank’s acquisition of an equity participation using EU budgetary resources (risk capital managed by the Bank under Regulation 1638/2006 of 24 October 2006) in a newly-created closed-ended multi-sector investment fund.
Objectives
The Fund will seek to take majority and/or controlling stakes in profitable mid-sized companies operating in sectors driven directly or indirectly by growth in consumer demand which have a significant growth potential and a dynamic management team with solid capabilities in its industry.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the lower of the USD equivalent of EUR 10 million and 20% of the total commitments at any closing.
Total cost (Approximate amount)
The Fund will target a minimum capital of USD 100 million at first closing. The promoter’s target amount at final closing is USD 400 million.
Environmental aspects
N/A (intermediated private sector investment).
Procurement
N/A (private sector investment).
Status
Signed - 18/12/2009