15 December 2020
Deals | France | Asset Management & Investment Funds
Gide has advised the investors of the Sustainable recovery investment programme for France (Programme d'Investissement de Relance Durable France) on structuring a private debt fund dedicated to financing French and European companies active in the healthcare sector.
French insurers and the Caisse des Dépôts et Consignations have implemented a EUR 2.2 billion Sustainable recovery investment programme for France (the Programme d'Investissement de Relance Durable France) to support the French economy impacted by the health crisis.
This three-pronged investment programme shall mainly benefit mid-caps and SMEs active in the tourism and healthcare sectors, and will be implemented with the formation of several sector-based investment funds.
Within this context, Gide has advised the programme's investors for the establishment of a private debt fund that will finance or refinance the debt of French and European companies active in the healthcare sector. The Fund is managed by alternative investor and asset manager
Eiffel Investment Group, and raised EUR 238 million for its first closing.
Gide's team comprised partner Stéphane Puel, senior associate Clothilde Beau and associate Myriam Danicourt, who work with the investors of the Sustainable recovery investment programme with respect to the formation of several investment funds of this programme.
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Gide has already advised: