Participative Capital Azores II

The program aims to support the growth and consolidation of companies through investment and financing operations in conjunction with private investors. It seeks to strengthen the solvency and financial resilience of companies, helping to address market failures and promote sustainable economic development.

Geographical Scope

Autonomous Region of the Azores

Financing

Up to 10.000.000,00€

Funders

Capitalization Fund for Companies in the Azores

Eligible Entities

SMEs
MidCaps
Large Companies

Participative Capital Azores II

The program aims to support the growth and consolidation of companies through investment and financing operations in conjunction with private investors. It seeks to strengthen the solvency and financial resilience of companies, helping to address market failures and promote sustainable economic development.

Geographical Scope

Autonomous Region of the Azores

Financing

Up to 10.000.000,00€

Funders

Capitalization Fund for Companies in the Azores

Eligible Entities

SMEs
MidCaps
Large Companies

Objectives and characteristics

  • Intended to carry out direct investment/financing operations in Final Beneficiaries, in co-investment with private investors, with the aim of achieving the following objectives (not necessarily cumulative):
    • Promote market entry and growth/expansion of viable companies
    • Strengthen companies solvency
    • Contribute to solving the undercapitalization problem
    • Bridge the market gap
    • Support business consolidation
    • Promote the financial resilience of the economic fabric

  • SMEs
  • MidCaps
  • Large Companies
  • Geographical Scope
    • Companies headquartered and carrying out economic activity in the Autonomous Region of the Azores.

  • Financing per Beneficiary
    • Minimum:
      • €250,000.00
    • Maximum:
      • €10,000,000.00

  • The Azores Corporate Capitalization Fund may invest through quasi-equity instruments, namely participative loans in the form of mutual loans.
  • The instruments will be remunerated at a variable annual rate corresponding to the 6-month Euribor, plus a spread with minimum values, as follows:
    • Risk Rating by Maturity (projects with a rating level higher than 8 are not admissible)
      • Up to 5 years (inclusive):
        • Risk Rating 1: 1.16%
        • Risk Rating 2: 1.38%
        • Risk Rating 3 and 4: 1.39%
        • Risk Rating 5: 1.40%
        • Risk Rating 6: 1.65%
        • Risk Rating 7: 1.81%
        • Risk Rating 8: 2.06%
      • From 6 to 8 years:
        • Risk Rating 1: 1.29%
        • Risk Rating 2 and 3: 1.52%
        • Risk Rating 4: 1.53%
        • Risk Rating 5: 1.54%
        • Risk Rating 6: 1.75%
        • Risk Rating 7: 1.90%
        • Risk Rating 8: 2.15%
  • Note: 
    • Additionally, for the public share of financing, pursuant to Decree-Law No. 11/2022 of January 12, a variable remuneration will be set, depending on the verification of certain conditions to be specified in the loan contract draft.

Objectives and characteristics

Intended to carry out direct investment/financing operations in Final Beneficiaries, in co-investment with private investors, with the aim of achieving the following objectives (not necessarily cumulative):
Promote market entry and growth/expansion of viable companies
Strengthen companies solvency
Contribute to solving the undercapitalization problem
Bridge the market gap
Support business consolidation
Promote the financial resilience of the economic fabric

SMEs
MidCaps
Large Companies
Geographical Scope
Companies headquartered and carrying out economic activity in the Autonomous Region of the Azores.

Financing per Beneficiary
Minimum:
€250,000.00
Maximum:
€10,000,000.00

The Azores Corporate Capitalization Fund may invest through quasi-equity instruments, namely participative loans in the form of mutual loans.
The instruments will be remunerated at a variable annual rate corresponding to the 6-month Euribor, plus a spread with minimum values, as follows:
Risk Rating by Maturity (projects with a rating level higher than 8 are not admissible)
Up to 5 years (inclusive):
Risk Rating 1: 1.16%
Risk Rating 2: 1.38%
Risk Rating 3 and 4: 1.39%
Risk Rating 5: 1.40%
Risk Rating 6: 1.65%
Risk Rating 7: 1.81%
Risk Rating 8: 2.06%
From 6 to 8 years:
Risk Rating 1: 1.29%
Risk Rating 2 and 3: 1.52%
Risk Rating 4: 1.53%
Risk Rating 5: 1.54%
Risk Rating 6: 1.75%
Risk Rating 7: 1.90%
Risk Rating 8: 2.15%
Note: 
Additionally, for the public share of financing, pursuant to Decree-Law No. 11/2022 of January 12, a variable remuneration will be set, depending on the verification of certain conditions to be specified in the loan contract draft.