Law firm Stephenson Harwood LLP has advised the European Investment Bank (EIB) on its investment in the Fonds Tourisme Côte d’Azur (FTCA), a debt fund set up and managed by M Capital.

The FTCA is a €60 million fund dedicated to the development of the Côte d'Azur tourism industry. It aims to promote and accelerate, in a sustainable and responsible manner, the implementation of growth, renovation and recovery projects in the tourism sector in the Var and Alpes Maritimes areas.

Alongside the EIB, the fund brings together the region’s main economic entities and local public sector bodies, including Caisse d'Épargne Côte d'Azur, Nice Côte d'Azur Chamber of Commerce and Industry and Nice Côte d'Azur Metropolitan Area.

The Stephenson Harwood team was led by funds partner Tiana Rambatomanga, who was assisted by associates Galien Devillers and Duygu Keles.