White & Case has advised the European Investment Fund on a synthetic securitization project originated by Europejski Fundusz Leasingowy, a leasing company in the Credit Agricole Group.
The EIF has provided EFL with a guarantee covering both the senior and mezzanine tranches of an approximately EUR 490 million SME portfolio.
According to White & Case, "the transaction supports new financing to SMEs, mid-caps and micro-enterprises in Poland. Additionally, the capital relief achieved on the mezzanine tranche supported by the Juncker Plan will promote female entrepreneurship in Poland. A target of 33 percent of the new financing made available by EFL under the guarantee on the mezzanine tranche will be dedicated to women entrepreneurs and women-led businesses."
White & Case's team was led by London Partner Ingrid York, Frankfurt Partners Dennis Heuer and Thomas Flatten, and Warsaw Partner Tomasz Ostrowski, with support from London Associate Phillan Amin, Frankfurt Associates Claire-Marie Mallad and Alexander Kreibich, and Warsaw Associate Sylwia Opiatowska.
White & Case did not reply to our inquiry on the matter.