A&O takes part in €100m green fund by EIB-SBI to support climate action in India
Office Senior Partner
18 May 2021
Allen & Overy took part in establishing Neev Fund II, a joint commitment by the State Bank of India and the European Investment Bank to support climate action in India.
We advised the sponsor of NEEV II, an Indian infrastructure private equity trust fund which aims to provide equity and quasi-equity support to small and medium sized enterprises (SMEs) that contribute to the achievement of the UN's Strategic Development Goals and climate sustainability in India.
This initiative pledges to support Indian SMEs in achieving a pioneering role in supporting climate action, sustainability and socially conscious investments, favorably impacting many lives. The private equity fund will invest up to €100 million in Indian SMEs offering solutions critical to the success of global climate action.
Allen & Overy acted as a legal adviser on the transaction, advising on the fund structuring and establishment aspects of the project, as well as on all Luxembourg regulatory issues. Our Luxembourg tax practice was also involved with respect to the tax structuring aspects of the fund. The team was led by partner Jean-Christian Six, supported by counsel Miao Wang, senior associate Lisa Klemann and associate Timon Margue. Office senior partner Patrick Mischo, supported by counsel Franz Kerger and associate Benjamin Dahan advised on the tax aspects of the transaction.