Corporate Finance
We help clients understand, drive and grow value of the business, assets, idea, conduct effective deals and adopt risk-weighted financial planning.
Valuations
Project Appraisal & Feasibility Studies
Debt Planning
Financial Modeling
Transaction Support
ESOP Implementation Advisory
Valuations
We help clients understand the value of the business, business interest and intangible assets whether for buying, selling, financial reporting or setting development strategy.
Our Experts provide valuation expert witness opinion for commercial disputes, economic damage estimation and lost profit calculation.
Valuations for Transactions
Valuations for Disputes
Valuations for Financial Reporting
Valuations for Employee Stock Option Plan (ESOP)
Transactions
We are committed to support our clients to understand the complexities involved in transactions , and deliver the best solutions for effective deal closure.
We support with commercial, financial and operational insights to every transaction, whether for buying, selling business or business interest, spin-out or strategic M&A.
Financial Due Diligence
Deal Structuring
Mergers & Acquisitions
Start-up & Tech Deals
Project Appraisal & Feasibility Studies
Financial Appraisal
Feasibility Study
Project Finance Solutions
PPP Scheme Advisory
We help clients understand economic and financial value of complex and capital intensive construction and infrastructure projects for informed decisions making.
Commercial and financial feasibility for private-sector developers and sponsors.
Financial Modeling
Integrated financial models for investment decisions, transactions, and capital raising
Long-range planning and scenario models for senior management
Model audit and review
We help companies design and implement employee equity schemes that align team incentives with long-term ownership and value creation objectives. Our advisory covers the full implementation lifecycle, from scheme design and structuring, through independent valuation of shares and options for pricing and grant purposes, to implementation support including documentation, regulatory considerations, and ongoing scheme administration.
Financial Planning & Management
Strategic Financial Planning
Capital Budgeting
Debt Management
Financial Analytics
During these uncertain times it is extremely important to adopt practical risk-weighted approach to planning and business decision making.
Our approach aims to integrate strategic and operational planning with finance balanced with risk, delivering critical insights to our clients.
ESOP Implementation Advisory
Design and structuring of ESOP
Independent valuation of shares and options
Implementation support including documentation, regulatory considerations, and ongoing scheme administration
We build bespoke financial models that give management, investors, and lenders a clear, reliable basis for decisions. Our models cover the full range of use cases, from integrated business models for transactions and capital raising, to long-range planning and scenario analysis for boards, to independent model audit and review for investor-ready or lender-ready outputs.
The team
Davit Manukyan, PHD, CFA, ASA, PMP
Managing Partner
Founder of MB Consulting with 15+ years of corporate finance, valuation, and economic studies experience across Armenia and the broader region.
Aram Kayfajyan, PhD
Partner
CEO of Armbrok Investment Company since 2004, with 20 + years in capital markets and investment management. Leads MB's Capital Markets practice.
Vahan Hovsepyan, MBA, CFA
Manager
Former project manager at Grant Thornton with 10+ years in corporate finance, valuations, and transaction support across multiple markets.
Araksia Milek
Senior Consultant
Background in economic research, financial modeling, and macroeconomic policy including prior roles at the Ministry of Economy.