Cooperation between EIF and National Promotional Institutions in support of European securitisation market steps-up

On December 4th 2015 Cassa Depositi e Prestiti (CDP), KFW and the European Investment Fund (EIF) jointly invested in a mezzanine tranche of a cash securitization of lease receivables extended to small - and - medium-sized enterprises (SMEs) located in Italy.

The operation was originated by Milan-based Alba Leasing, one of Italy’s top leasing companies.

About the EIF 


The European Investment Fund's (EIF) is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses by helping them to access finance. EIF designs and develops both venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth and employment. EIF’s total net commitments to equity funds amounted to over EUR 8.8bn at end 2014. With investments in over 500 funds, EIF is a leading player in European venture and growth funds, including in the high-tech and early-stage segments. In addition to its equity activities EIF’s loan guarantees portfolio totalled over EUR 5.6bn in over 350 operations at end 2014, ranking it as a major European SME guarantee provider and a leading micro-finance guarantor.
  


About Cassa Depositi e Prestiti 


Cassa Depositi e Prestiti (CDP) is the Italian  National Promotional Bank  under public control, that  manages postal savings, and CDP uses these funds according to its institutional mission of supporting national growth, financing the public administration investments, and acting as a catalyst for the growth of Italian infrastructure and business. CDP - as well as other National Promotional Institutions - has committed additional resources to contribute to the success of the Investment Plan for Europe and is actively collaborating with the EIF and other NPIs on co-investments as well as in other initiatives to develop new products and solutions to revitalize the SME European market. http://www.cdp.it/en/index.html

About KfW 


KfW is one of the world’s leading promotional banks. With its decades of experience, KfW is committed to improving economic, social and ecological living conditions across the globe on behalf of the Federal Republic of Germany and the federal states. To do this, it provided funds totaling EUR 74,1 billion in 2014 alone; and of this, 27% went into the promotion of small- and medium-sized enterprises (SME) including individual entrepreneurs and start-ups. In addition to providing loans, equity and mezzanine financing, KfW supports capital market financing for SMEs by investing in related securitizations. https://www.kfw.de/kfw.de.html

About Alba Leasing

Alba Leasing is a specialist provider of lease financing, owned by Banca Popolare dell’Emilia Romagna S.c. (33.50%), Banco Popolare S.c. (30.15%), Banca Popolare di Sondrio S.c.p.a. (19.26%), Banca Popolare di Milano S.c. (9.04%) and Credito Valtellinese S.c. (8.05%). Alba Leasing offers a wide range of products – mostly for capital goods and real estate financing – through a distribution network of approximately 5,700 branches, including almost 3,600 member banks and over 2,100 partner banks. http://www.secrp.it

Press contacts:

EIF: David Yormesor Tel.: +352 42 66 88 346, e-mail: d.yormesor@eif.org