Mezzanine / Growth Fund

Stage of the instrument:

2014 - 2020 View program

Mezzanine / Growth Fund
1. Market consultations
2. Preparation of the documentation
3. Application of financial intermediaries
4. Review of offers and negotiations with candidates
5. Selected financial intermediaries
6. Funding of final recipients
€38,50M

Financial resources

public resources in the amount of EUR 38.5 million (BGN 75.3 million);
private resources in the amount of at least 30% of the public resources invested in final recipients.

Goals of the instrument

provide access to alternative financing to SMEs having a high growth potential and plans to expand and improve operations, develop new products and services;
improve financial management and corporate governance of supported enterprises in order to increase their productivity and potential for entering new markets.

Final recipients

Small and medium-sized enterprises (SMEs) at a mature stage of development

Type of financing

alternative financing in the form of equity and quasi-equity investments;
an investment amount ranging from EUR 2.5 million to EUR 7 million (BGN 4.9 million to BGN 13.7 million);
a major portion of the resources are provided in the form of mezzanine financing (a hybrid form between equity and debt financing).

Source of the public resources

Operational Programme Innovation and Competitiveness 2014 — 2020 co-financed from the European Regional Development Fund

Current stage of the instrument: investment period completed on 31.12.2023

Mezzanine / Growth Fund

For more information regarding the process and steps for approval of financing, you can contact our financial intermediaries.

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Source of public resource: Operational programme "Innovations and Competitiveness" ( 2014 - 2020 )
Current stage of the instrument

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