EOS II Fund: The new private equity fund that will strengthen Greek SMEs

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With the goal of further strengthening the development of Greek small and medium enterprises in strategic and extroverted sectors of the Greek economy, the new Investment Fund was established of Business Participations (private equity fund), under the name EOS Hellenic Renaissance Fund II (EOS II Fund).

The main investor is the Hellenic Development Investment Bank with funds from the Recovery and Resilience Fund, within the framework of the National Plan “Greece 2.0”, through the program “Q-Equity». Institutional and private investors also participate, including Greek and foreign banks.

The EOS II Fund is addressed to Greek small and medium and medium businesses, with high growth potential, annual turnover up to 100 million euros, and staff up to 500 employees. It is expected that it will further strengthen entrepreneurship in strategically important and outward-facing sectors of the Greek economy.

The initial investment funds of the EOS II Fund amount to 219 million euros (first closing) and are expected to reach 250 million euros.

The Fund will build on the success of the EOS I Fund, whose investments, from 2018 to date, have created around 1,500 new jobs.

Top Institutional Investors in EOS II Fund

In more detail, investors of the EOS II Fund are 70% leading domestic and international institutional investors, such as the Hellenic Development Investment Bank (EATE) and the Evxeino Trade and Development Bank Pontou (Black Sea Trade and Development Bank), and by 30% leading Greek businessmen and family offices. It is noted that 75% of the funds under management come from investors who also participated in the EOS I Fund.

With international experience

As typically mentioned, an important competitive advantage for EOS Capital Partners is the high level of its executives, who have many years of international and domestic investment experience, as well as deep knowledge of the Greek business and financial market. The investment team was strengthened with 5 new executives with excellent knowledge and international experience in managing Private equity funds. The added value of EOS Capital Partners to the companies under investment is further enhanced by its operational expertise in various sectors of the Greek and international business market.

The additional features of the newly established EOS II Fund compared to the EOS I Fund are summarized as follows:

  • The size and number of companies to invest is significantly increased, as the EOS II Fund will invest in companies with a turnover of up to 100 million euros and a staff of up to 500 employees, compared to the EOS I Fund, where the corresponding sizes were up to 50 million euros in turnover and up to 250 employees.
  • The average investment per company will amount to 22-23 million euros, from the 11 million euros that applied to the EOS I Fund.
  • The investments in the EOS II Fund will concern 70% majority holdings, either with the Fund as the sole investor or with the participation of other strategic investors, and 30% minority holdings. In contrast to the EOS I Fund where the ratio was reversed with 70% minority holdings.