Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
15 October 2020
Deals | France | Asset Management & Investment Funds
French insurers and Caisse des Dépôts et Consignations have implemented a 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-prong 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 and the loan platform October to create a fund that will finance SMEs and mid-caps active in the tourism sector in France by granting loans via the October platform, for amounts between EUR 30,000 and 1.5 million, with an 18-month deferred capital amortization. Extra-financial performance criteria are mandatory in October's selection process of companies it will finance.
The fund raised EUR 38 million on 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.
