Diorama Hellenic Growth Fund

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47603

Status Signed

Location

Greece

Business Sector

Equity Funds

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 47603

Status Signed

Location

Greece

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

25 Nov 2015

Disclosure date

04 Sep 2015

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Translated version of this PSD: Greek

Project Description

EBRD is providing an equity commitment to Diorama Hellenic Growth Fund (the “Fund”), a private equity fund operating in Greece and focused on investment primarily in small and medium sized enterprises (“SMEs”) in the country.

The Fund will make equity and equity-related investments in fast-growing companies with experienced management teams with the objective of achieving long-term capital growth.

Transition Impact

The transition impact of the proposed project will come in particular from the following areas:

1. Supporting the entrance of a new, first-time fund manager and thereby assisting the market expansion of the private equity asset class in Greece.

2. Facilitating the access to long-term equity capital for SMEs and mid-market businesses in the Greek economy.

3. Developing the transfer of skills and best practices at the level of the Fund and portfolio companies.

The Client

The Bank will commit to Diorama Hellenic Growth Fund, a fund registered as a société d’investissement en capital à risque (“SICAR”) in Luxembourg. The Fund will be managed by DECA Investments SA AIFM, a company registered in Greece and regulated by the Hellenic Capital Markets Commission.

EBRD Finance

EBRD is considering an equity commitment of up to EUR 20 million.

Project Cost

The Fund is targeting total commitments of up to EUR 150 million.

Environmental and social categorisation, impact, and mitigation

Categorised FI. The Fund will be required to comply with EBRD’s Performance Requirements 2, 4 and 9, adopt and implement EBRD’s E&S Risk Management Procedures for Active Equity Investments and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact

Nicos Koulis, Partner

DECA Investments AIFM

8 Fragoklissias Str. | 151 25 Maroussi | Athens, Greece

+30 213 010 9200 (office)
+30 210 6197765 (fax)

E-mail: info@decainvestments.eu

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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