EU-Armenia SME Fund

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 47805

Status Signed

Location

Armenia

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 47805

Status Signed

Location

Armenia

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

04 Sep 2019

Disclosure date

25 Apr 2016

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: Armenian

Project Description

Investment in an Armenia focused private equity fund (the "Fund").

The potential project forms part of the Small and Medium Enterprise Finance and Advice Facility (the "Facility"), a joint initiative between EBRD and the European Union focused on private sector
development in Armenia and, specifically, improving access to finance for Armenian SMEs.

Project Objectives

Diversify the financing solutions available to SMEs in Armenia whilst achieving long-term capital growth by delivering equity and quasi-equity financing to companies in the country.

Transition Impact

The Transition Impact of the project is derived from addressing the lack of equity financing available to Armenian SMEs, improving corporate governance in local SMEs and building local private equity
investment management capacity.

Client Information

TO BE DEFINED

The Fund will be managed by Amber Capital, a London-based investment firm, supported by a dedicated team in Armenia.

EBRD Finance Summary

USD 5,000,000.00

EBRD is considering an investment of up to USD 5 million in the Fund.

Total Project Cost

USD 40,000,000.00

The Fund is targeting total commitments of up to USD 40 million.

Environmental and Social Summary

Categorised FI (2014). The Fund will be required to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement EBRD Environmental and Social Procedures for Active Equity
Funds and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Karen Arabyan
karen.arabyan@ambercapital.am
+374 55 231700
Amber Capital CJSC, Imperium Plaza Business Centre, Amiryan 4/7, Yerevan 001, Armenia

Transition impact

ETI Score:74

PSD last updated

26 Sep 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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