REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS
The European Investment Bank (EIB) approved a €150m loan to Spain’s Caja Navarra designed to introduce a new credit line for financing small businesses. Under the agreement, Caja Navarra will match the EIB loan with a further €150m, bringing the total to pump into SMEs to €300m. The loan is aimed at financing SME investment […]
The European Investment Bank (EIB) is providing €100m to Volkswagen India Private Ltd., a subsidiary of the Volkswagen Group, to finance part of a new car manufacturing facility in the state of Maharashtra, where the company will produce three models of small cars specifically adapted to the Indian market. Volkswagen is already present in the country, […]
NYSE-quoted Systemax , a multi-channel retailer of computers, electronics and industrial products, today announced it has completed the acquisition of WStore Europe, SA, a supplier of business IT products with operations in France (Inmac WStore SAS and I-Com Software) and in the United Kingdom (WStore UK Limited). The financial terms of the acquisition were not […]
The European Investment Fund (EIF) and the State JSC Mortgage and Land Bank of Latvia signed a guarantee agreement under the Competitiveness and Innovation Framework Programme (CIP), which will provide enhanced access to finance for small and medium enterprises (SMEs) in Latvia. The CIP guarantee will help State-owned Hipoteku Banka providing both investment loans and […]
London-based DFJ Esprit, venture capital firm and member of the global Draper Fisher Jurvetson VC network, announced the formation of a new fund. DFJ Esprit III, with a target of €150m ($215m), will continue DFJ Esprit’s investing activity in early and later stage technology companies across the UK and Europe. According to an official statement, […]
The European Investment Fund (EIF) will finance AB SEB Bankas, AB DnB NORD Bankas and AB Siauliu Bankas to manage the new Funded Risk Sharing Instrument dedicated to provide loans for Lithuanian SMEs in the contest of the European Initiative JEREMIE. JEREMIE (Joint European Resources for Micro to Medium Enterprises) is a joint initiative launched […]
The European Regional Development Fund (ERDF) 2007-13 half funded a business start up initiative aimed to bring new jobs and commercial opportunities to Berwick, Northumberland. Berwick Workspace, a joint project between Northumberland County Council and Berwick upon Tweed Borough Council, is running a £269,000 project to assist 37 small businesses and create 35 new jobs […]
The European Investment Bank (EIB) agreed a lending facility worth € 15m to the Greek Pancretan Cooperative Bank for supporting smaller entrepreneurial activity in the island of Crete and in the country. Since 2007, EIB and Pancretan Cooperative Bank have signed three agreementsc and through this cooperation € 60 million have been channeled to the […]
The China IPR SME Helpdesk has launched an e-learning module helping Small and Medium Enterprises (SMEs) to understand how to protect their brand and their profits in China by registering, protecting and enforcing their trademark rights. The 25-minute module is written by Helpdesk experts and provides training on all aspects of protecting the brand in […]
According to an official statement, the European Investment Bank (EIB) is providing two intermediated loans to support the projects of small and medium-sized enterprises in Romania: €80m to Bancpost S.A. and €60m to EFG Leasing IFN S.A. The loan to Bancpost Romania will finance small and medium-scale projects promoted by SMEs in various sectors of […]
A team of financiers is creating a new £125m fund, which will help business to start up and grow in the North East. The fund will be driven by the regional development agency One North East with the support of the European Investment Fund (EIF), which manages the Joint European Resources for Micro to Medium […]
Coherex Medical, a Salt Lake City-based company focused on addressing structural heart disease and conditions through the development of innovative medical devices, closed a $16.5m Series B preferred stock financing co-lead by vSpring Capital and Oxford Bioscience Partners. After the close of this investment, Coherex has now raised nearly $28m in equity financing from outside […]
GroFin announced the final close of the GroFin Africa Fund at US$170m. The fund, has the target to invest in roughly 500 small and medium enterprises in over a period of five years. To date the fund has committed $17m to 50 transactions and is currently considering investment into a further 24 companies to the […]
EIF and Irish First-Step Microfinance signed a guarantee agreement under the Competitiveness and Innovation Framework Programme (CIP) helping to provide enhanced access to finance for micro businesses in Ireland. The agreement will allow micro enterprises in Ireland to access to over 3 million euros of additional funding guaranteed under the CIP which will help to […]
Last days to submit projects for the first call for proposals launched by the European Institute for Innovation and Technology, which will lead to the establishment of new Knowledge and Innovation Communities (KICs). The KICs are public-private partnerships which bring together actors from research, higher education and industry to stimulate innovation in Europe and are […]