Greek private companies show significant mobility investment funds who are increasing their positions in small and medium-sized, mainly companies with significant prospects for capital gains.

The last transaction of this kind involved a deposit from a home service company. Duleutaras funding of 5 million euros. These funds, which are the largest raised by the company since its inception, come from an increase capital with key investors Latsco Family Office, interests Mariannes Latsisand Apostolos Apostolakis, founder and partner of the investment organization VentureFriends. In addition to Latsco and VentureFriends, which are links in the chain of Greek private equity funds, the Douleutaras funding round also includes a strong group of business investors such as Lars Rasmussen (co-founder of Google Maps), Emilios Halamandaris and Pyrros. Tsiakoulis (co-founders of Innoetics), Thanos Papaggelis (founder of Epignosis), Ioannis Martinos (founder of Signal Group), and Dimitris Georgakopoulos (founder of Buildium).

Honey Frigo

With their movements, they also contribute to the concentration of branches that show fragmentation.

The movement of Greek private capital is not only about providing valuable funding for growing companies. They also contribute to the concentration of sectors that show fragmentation, such as the supply chain, whose main characteristic is the presence of a significant number of small and medium-sized players. In branch logisticsElikonos 2 and EOS Hellenic Renaissance Fund of Apostolos Tamvakakis, Bearonem Ltd and A. Mavridoglou, who has a significant influence in the Greek business market, have started the acquisition of the group Honey Frigo which offers logistics and transport services with temperature control. At Med Frigo, founder Sotiris Brakatselos will take over as President and Mr. Mavridoglu will become Managing Director.

ACNE

The BC Partners GR Investment LP Trust Fund, which invests in and supports high-growth SMEs in Greece, is acquiring a percentage of around 85%-90% of the higher education group for around 220 million euros. ACNE (IEC AKMI – Capital College). For BC Partners, led by Nikos Stathopoulos, the education sector in Greece is extremely resilient and growing: the AKMI-Mitropolitiko group, founded by Konstantinos and Kalliopi Rhodopoulou, shows (data for 2022) a turnover of 70 million euros and an operating profit before taxes, interest and depreciation (EBITDA) of 25 million euros. Konstantinos and Kalliopi Rodopoulou will remain shareholders, continuing to support the company, which has invested 60 million euros in recent years and is valued at 250 million euros.

A few days before the end of 2022, the investment fund SMERemediumCap (SMERC), led by Nikos Karamouzis, acquired a majority stake in the pulses company Arose of the Fotiadis family. This year, SMERC also completes the first phase of the largest investment worth 20 million euros in Patmos. We are talking about the reconstruction of the seaside five-star hotel complex Patmos Aktis Suites & Spa, with the expansion of the capacity of the existing 56 rooms of the seaside complex and the construction of an additional 34 rooms. The management of the SMERC investment fund is actively discussing a cooperation agreement on franchising with an international hotel chain of high prestige and global scope.