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eif.org

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Investments

50

Portfolio Exits

3

Funds

35

Partners & Customers

10

About European Investment Fund

European Investment Fund (EIF) is part of the European Investment Bank (EIB) Group. Its central mission is to support Europe's SMEs by helping them to access finance, by developing and offering equity and guarantee financial products to selected intermediaries across Europe involved in SMEs funding. EIF was founded in 1994 and it is owned by the EIB, the European Commission and a number of European public and private financial institutions. This combination of public and private shareholding gives the EIF a dual focus: to support EU policy objectives, while acting as a market-oriented institution that delivers appropriate return on capital.

European Investment Fund Headquarter Location

37B, Avenue J.F. Kennedy

Luxembourg City, L-2968,

Luxembourg

+352 2485 1

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European Investment Fund Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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European Investment Fund Rank

Latest European Investment Fund News

Melior Equity Partners raises €160m to invest in growing SMEs

Apr 11, 2022

Melior Equity Partners has closed its latest funding round with €160m in total capital commitments, making Melior Equity Partners Fund II one of the largest private equity funds in the state. The fund, which will support Irish SMEs with strong growth prospects, has been backed by local and international blue-chip investors, including the Carlyle Group, the European Investment Fund (EIF), Ireland Strategic Investment Fund (ISIF), Bank of Ireland and AIB. "We are very proud of what the Melior team has achieved over the last two years," said Jonny Cosgrave, who co-founded Melior Equity Partners with Peter Garvey in 2020. "We have welcomed several new limited partners to our blue-chip investor base and succeeded in raising one of the largest Irish private equity funds." Melior will now target 10 equity investments in private Irish companies over the next four years, worth between €20m and €100m, with a focus on founder-owned SMEs seeking capital and support to radically accelerate their growth. The fund said it would use its international networks and expertise as well as its experience of the Irish market to provide a differentiated proposition for business owners and management teams with strong growth ambitions. Melior recently completed the second investment from Fund II, in treasury management solutions business Salmon Software , after investing in BHP, an insurance brokerage focusing on the not-for-profit sector, last August. The firm recently hired former Key Capital head of corporate finance Jonathan Dalton as managing director and roped in Glen Dimplex CEO Fergal Leamy, Sustainability Works founder Laura Heuston, former VHI CEO Jimmy Tolan, Google senior director Conor Jones, former Tughans senior partner John-George Willis, and Prepay Power chairman Ulric Kenny as senior advisors. Johnathan Cosgrave, Co-Founder, Melior Equity Partners; Fiona Timmons, CFO and John Byrne, CEO, Salmon Software. (Pic: Naoise Culhane) Campbell Dwyer, former co-head of Global Technology, Media and Telecom (TMT) at Carlyle Group recently joined Melior's senior advisor panel, and he has been tapped to help investee companies grow in North America. Peter Garvey, Co-Founder of Melior Equity Partners, commented: “We have the most experienced investment team in the Irish market. "We have built strong track records at leading global investment firms over many decades as well as locally over the last eight years working with ambitious Irish management teams. "We have a tremendous bench of senior advisors and an unmatched international reach through our ongoing relationship with The Carlyle Group. Collectively these attributes make Melior the partner of choice for many Irish business owners seeking help to grow.”   Cosgrave and Garvey previously led the CCI Fund for the Carlyle Group, investing in companies such as AA Ireland, Carroll Cuisine, GSLS, Learning Pool, Lily O’Brien’s, McCauley Pharmacy, Payzone, Sports Surgery Clinic and The City Bin Co. Asante Capital Group acted as exclusive fundraising advisor, Travers Smith was lead counsel, McCann Fitzgerald supplied Irish legal support, and KPMG provided tax advice on the Fund II fundraising effort. Photo: Melior Equity Partners Jonny Cosgrave (left) and Peter Garvey. ___

European Investment Fund Investments

50 Investments

European Investment Fund has made 50 investments. Their latest investment was in LiveLink as part of their Seed VC on March 3, 2022.

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European Investment Fund Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/22/2022

Seed VC

LiveLink

$1.98M

Yes

1

3/6/2022

Series B

Convelio

$35M

Yes

14

2/8/2022

Seed VC - II

Rosita Longevity

$2.74M

Yes

4

12/17/2021

Grant

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10

12/14/2021

Series C

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$99M

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10

Date

3/22/2022

3/6/2022

2/8/2022

12/17/2021

12/14/2021

Round

Seed VC

Series B

Seed VC - II

Grant

Series C

Company

LiveLink

Convelio

Rosita Longevity

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Amount

$1.98M

$35M

$2.74M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

14

4

10

10

European Investment Fund Portfolio Exits

3 Portfolio Exits

European Investment Fund has 3 portfolio exits. Their latest portfolio exit was Finiata on May 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/3/2022

Acq - Fin

1

8/17/2021

Reverse Merger

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$99M

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10

7/14/2021

IPO

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$99M

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10

Date

5/3/2022

8/17/2021

7/14/2021

Exit

Acq - Fin

Reverse Merger

IPO

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

10

European Investment Fund Fund History

35 Fund Histories

European Investment Fund has 35 funds, including Irish Innovation Seed Fund Programme.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/10/2022

Irish Innovation Seed Fund Programme

$101.88M

1

11/28/2019

EU Artificial Intelligence and Blockchain Investment Fund

$111M

3

11/15/2019

Gedesco Long Term Financing

$165.79M

1

3/21/2019

Business Angels Fund - EAF Spain II

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$99M

10

11/9/2018

EAF Ireland

$99M

10

Closing Date

2/10/2022

11/28/2019

11/15/2019

3/21/2019

11/9/2018

Fund

Irish Innovation Seed Fund Programme

EU Artificial Intelligence and Blockchain Investment Fund

Gedesco Long Term Financing

Business Angels Fund - EAF Spain II

EAF Ireland

Fund Type

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Status

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Amount

$101.88M

$111M

$165.79M

$99M

$99M

Sources

1

3

1

10

10

European Investment Fund Partners & Customers

10 Partners and customers

European Investment Fund has 10 strategic partners and customers. European Investment Fund recently partnered with Banca Sistema on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/24/2022

Partner

Italy

Banca Sistema S p A : EIF and Banca Sistema support Italian SMEs to the tune of €150 million

The European Investment Fund and Banca Sistema have signed an agreement in support of Italian small and medium-sized enterprises whereby the European Investment Fund will provide a € 150 million guarantee under the EGF , and Banca Sistema will be able to make additional liquidity available to private companies via recourse factoring operations .

1

3/19/2021

Partner

Finland

Nordea Partners With The European Investment Fund to Introduce Guaranteed Lending Solutions For SMEs

Nordic banking group Nordea announced earlier this week it has partnered with the European Investment Fund to guarantee lending solutions to small businesses .

2

12/5/2019

Partner

Austria

Investment Plan for Europe: EIF and UniCredit Bank Austria strengthen cooperation

The European Investment Fund and UniCredit Bank Austria are expanding their partnership .

2

11/5/2019

Partner

Portugal

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10

9/16/2019

Partner

Germany

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10

Date

1/24/2022

3/19/2021

12/5/2019

11/5/2019

9/16/2019

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Italy

Finland

Austria

Portugal

Germany

News Snippet

Banca Sistema S p A : EIF and Banca Sistema support Italian SMEs to the tune of €150 million

The European Investment Fund and Banca Sistema have signed an agreement in support of Italian small and medium-sized enterprises whereby the European Investment Fund will provide a € 150 million guarantee under the EGF , and Banca Sistema will be able to make additional liquidity available to private companies via recourse factoring operations .

Nordea Partners With The European Investment Fund to Introduce Guaranteed Lending Solutions For SMEs

Nordic banking group Nordea announced earlier this week it has partnered with the European Investment Fund to guarantee lending solutions to small businesses .

Investment Plan for Europe: EIF and UniCredit Bank Austria strengthen cooperation

The European Investment Fund and UniCredit Bank Austria are expanding their partnership .

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Sources

1

2

2

10

10

European Investment Fund Team

4 Team Members

European Investment Fund has 4 team members, including current Chief Executive Officer, Pier Luigi Gilibert.

Name

Work History

Title

Status

Pier Luigi Gilibert

Chief Executive Officer

Current

Jean-Marie Magnette

Chief Executive Officer

Current

Francis Carpenter

Chief Executive Officer

Former

Richard Pelly

Chief Executive Officer

Former

Name

Pier Luigi Gilibert

Jean-Marie Magnette

Francis Carpenter

Richard Pelly

Work History

Title

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Status

Current

Current

Former

Former

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