Elikonos 2 Greek Growth Fund

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 49379

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 49379

Status Signed

Location

Greece

Business Sector

Equity Funds

Notice Type

Private

Environmental Category

Approval Date

26 Apr 2018

Disclosure date

01 Nov 2017

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

An equity commitment of up to EUR 10 million in favour of Elikonos 2 SCA SICAR (the "Fund").

Project Objectives

The Fund will seek to make equity, quasi-equity and equity related investments in small- and medium-sized enterprises in Greece, with the objective of achieving long-term capital growth.

Transition Impact

The Bank's investment will provide long-term financing to small- and medium-sized enterprises in Greece, thereby strengthening the resilience of the domestic financial sector by developing alternative sources of funding and expanding private equity as an asset class.

Client Information

ELIKONOS 2 SCA SICAR

EBRD Finance Summary

EUR 10,000,000.00

Total Project Cost

EUR 60,000,000.00

Environmental and Social Summary

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

Technical Cooperation

None.

Company Contact Information

Pantelis Papageorgiou
pp@elikonos.com
+30 210 677 3285
http://www.elikonos.com
1 Elikonos Street, Psychiko, 15452 Athens, Greece

Transition impact

ETI Score:65

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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