Up to EUR 15m VC commitment in Waterland Private Equity II

On 12 December 2003, EIF signed a commitment to invest up to EUR 15 million in "Waterland Private Equity Fund II B.V.", a EUR 170 million multi-country fund mainly targeting SMEs operating in the outsourcing & efficiency, ageing population and leisure & luxury sectors, with an emphasis on services companies. The geographic focus of the fund is on "Rheinland", a cross-border region that includes the Netherlands, Belgium and North Rhine-Westphalia (Germany). The fund is the second fund to be managed by the Netherlands-based Waterland Private Equity Investments B.V., a pro-active investor that has developed a solid track record since 1999 in expansion capital investments (buy and build strategy) in fragmented growth sectors.