NIGHTINGALE (EGFF) (EIB-20180155)

Countries
  • Finland
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
Proposed
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.
Borrower
NIGHTINGALE HEALTH OY
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
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)
$ 23.38 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 2018-07-24 exchange rate.
Project Cost (USD)
$ 64.30 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 55 million
Converted using 2018-07-24 exchange rate.
Corporate Actor Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 31, 2019

Disclosed by Bank Jun 19, 2018


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Project Description

The project concerns investments in research and development (R&D;) and related capital expenditure activities in the field of blood analysis, to provide solutions for chronic disease detection and prevention.

The proposed transaction will support further development of the promoter's blood analysis platform, enable to generate scientific evidence of clinical utility of the promoter's risk prediction panel and support achieving reimbursement in Europe.

 

 

Investment Description
  • European Investment Bank (EIB)

The promoter is a private company not operating in the utilities sector and which does not have the status of a contracting authority. Thus, it is not covered by EU Directives on procurement. However, the promoter's procurement procedures are expected to be in line with EIB guidelines for private sector projects. The Bank's services will verify details during the project due diligence.

Private Actors
Contact Information

*There is no further information disclosed at this stage of the project*

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