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.

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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.

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Vahan Hovsepyan, MBA, CFA

Manager

Former project manager at Grant Thornton with 10+ years in corporate finance, valuations, and transaction support across multiple markets.

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Araksia Milek

Senior Consultant

Background in economic research, financial modeling, and macroeconomic policy including prior roles at the Ministry of Economy.

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