TADO (EGFF) (EIB-20170815)

Regions
  • Europe and Central Asia
Where the impacts of the investment may be experienced.
Countries
  • Germany
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 27, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
TADO GMBH
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 23.34 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20 million
Converted using 2018-07-27 exchange rate.
Loan Amount (USD)
$ 23.34 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 20 million
Converted using 2018-07-27 exchange rate.
Project Cost (USD)
$ 52.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 45 million
Converted using 2018-07-27 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 12, 2019

Disclosed by Bank Oct 26, 2018


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Project Description

According to EIB website, the project covers the promoter's Research, Development and Innovation activities with the aim to improve and extend its smart climate control products and services portfolio, capital expenditures related to the renting business model of its smart thermostats and new customised manufacturing assets, operational expenditures related to the development of the value chain, logistics and after sales support and the increase in working capital linked to the projected company growth. It aims to support the growth of an innovative small and medium-sized enterprise (SME) in the EU, focused on the development and sales of smart home thermostats and smart home climate control solutions. 

Investment Description
  • European Investment Bank (EIB)
Contact Information

No contact information provided at the time of disclosure. 

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