Diorama Hellenic Growth Fund

Location:

Greece

Project number:

47603

Business sector:

Equity funds

Notice type:

Private

Environmental category:

FI

Target board date:

25 Nov 2015

Status:

Signed

PSD disclosed:

04 Sep 2015

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

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

General enquiries

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Email: projectenquiries@ebrd.com

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