We advised Tesi (Finnish Industry Investment Ltd.) as Tesi and the European Investment Bank (EIB) agreed on a new financing programme intending to invest EUR 100 million in Finnish growth-oriented SMEs and innovative mid-cap companies.
The operation is guaranteed under the European Fund for Strategic Investments (EFSI). Tesi is EIB’s first partner in the Nordics that channels EFSI-guaranteed financing to companies as direct capital investments.
The financing of the investments within the programme, EUR 15–30 million per company, will be provided by EFSI and Tesi in equal proportions. As private sector investors are, in addition, required to participate in each financing round with at least an equal amount, the targeted total financing to the portfolio companies of the programme will be EUR 200 million. Investments are to be made during an 8-year period.