The first five months of the year ended with significant momentum in terms of business operations. High growth prospects for small and medium-sized diamond companies, the new landscape shaped by the Recovery Fund, which requires the formation of strong players that can withstand domestic and international competition, and the upgrading of the profile of the Greek economy. given investment grade, fuel a flurry of deals.

In this context, the recent acquisition of Unison by Mytilineos for 26 million euros, which, using synergies with its subsidiaries Protergia and Watt & Volt, is entering the building management services (object management) market. This particular deal is one of about 20 that have taken place since the start of the year and is worth more than 2 billion euros in total since their exact price has been announced. This figure could be higher if one takes into account numerous real estate transactions, such as the Premia-Dimand acquisition of 65% of Skyline with a real estate portfolio of 438 million euros, as well as a significant number of transactions, the amount of which was not officially announced. However, a multiple is expected by the end of the year, as a significant number of transactions are underway. For example, the formalization of the agreement on the acquisition of TERNA Energy by the Japanese company First, which is valued at 2 billion euros, is considered inevitable.

The total would be significantly higher if numerous real estate transactions were taken into account.

The purpose of the energy transition motivates the players. Thus, by early autumn, PPC is expected to complete the €1.26 billion acquisition of Enel Romania, the largest renewable energy company and the second largest electricity supply and distribution company in the Balkan country. The move allows the energy supplier to add more than 130,000 km of distribution network to its capacity, an additional 3.2 million new customers and 534 MW of existing RES. Motor Oil also recently made a move on the energy chessboard by acquiring a 75% stake in electricity producer Unagi through its MORE subsidiary. Unagi controls 51% of the share capital of Baliaga, Pivot Solar and Teichio, whose portfolio consists of 16 solar projects with a total nominal capacity of 1.9 GW in Macedonia and Central Greece.

Construction is another area that is attracting “next-generation” deals, where tech firms compete for as many projects as possible while dealing with the effects of rising costs and staff shortages. So, at the end of March last year, Intrakat acquired Aktor and, through a deal of 214 million euros, created the second strongest “pole” in the construction industry with a (cumulative) reserve of 4 million euros. . In addition to traditional sectors, investors are also attracted by Greek companies with growth prospects and strong extroversion, such as Marmara Pavlidis, which was acquired by ECM Partners at the beginning of the year at a posted price of – not officially known – 500 million euros. Deals in the first five months also include those of Greek companies expanding overseas, such as the US-based DevOps acquisition by PeopleCert and the acquisition by CareerBuilder of a number of its Chicago-based companies.