European Investment Fund makes an investment in Albuquerque
Date: 25/07/2008
EIF announces an investment in Albuquerque, a generalist private equity fund focusing on mid-market investments for small and medium-sized companies ("SMEs") based in Portugal. The expected final close is EUR 120m.
This investment is funded by the European Union Competitiveness and Innovation Framework Programme (CIP) GIF2. The aim of GIF2 is to support the establishment of SMEs with growth potential in their expansion phase.
Albuquerque will invest between EUR 5m and EUR 15m in SMEs with strong development potential and high expected revenue growth.
The fund will focus on industries with identified growth drivers and mature, stable growing and consolidating sectors.
For further information, please contact Delphine Munro, d.munro@eif.org, or visit EIF’s website www.eif.org
