Follow on investment of up to USD 1 mln in Travelata, an existing client. Given the significant deterioration of the Company's market, the incremental financing is needed to protect the value of the Bank's original investment and is consistent with the Bank's operational approach in the Russian Federation since 2014.
Transition impact of the VCIP is measured at the framework level through: a) market expansion by contributing to the growth and success of young innovative companies in the Region; b) demonstration of new ways to finance activities and c) transfer of skills by providing investee companies with expertise from the Qualified Co-investors.
PTI is 100.
Travelata is an online travel package reseller in the Russian Federation.
Under VCIP, additionality stems from the Bank's ability to bring extensive regional private equity experience and experience of the region, networks and relationships to support the VCIP Qualified Co-Investors in their investments in investee companies.
Company Contact Information
PSD last updated
09 Apr 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Independent Project Accountability Mechanism (IPAM)
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