Olive oil, cosmetics and dietary dietary supplements will full – barring a surprising prospect – the funding fund’s funding puzzle SMERemediumCap led by former banker Nikos Karamouzis.
The targets for EPSA
On the identical time, the fund, which continues to search for alternatives amongst firms with future and perspective, aspires to make its newest acquisition, the century-old EPSA, as one of many main forces within the smooth drinks market and already the corporate, one 12 months after its acquisition, is on an upward trajectory with gross sales in 2023 up by 31% and in 2024 shifting at roughly the identical ranges.
The subsequent funding strikes
In additional element, as said yesterday in a press convention by the president of SMERC “The funding interval of the Fund ends in February 2025. We’ve got invested a major a part of the deliberate funds and we’ve got a sequence of funding strikes forward of us that may decide whether or not we are going to go into full mobilization of funds. We’re in no rush. The purpose is to seek out alternatives that we consider have future and perspective. In the meanwhile the place we’re, the possibilities of going to full protection of accessible funds are superb.”
Relating to the following funding strikes, he famous to the respondents that the fund is near an settlement with an organization that produces and markets olive oil, a household enterprise with crucial prospects.
On the identical time, there are discussions with a Greek firm that produces cosmetics and dietary dietary supplements, a sector that additionally has nice potential.
The funding plan for EPSA
Particularly for EPSA, the place the fund has the bulk package deal of shares since final 12 months in June, Mr. Karamouzis identified that “We’re right here to make the most of the benefits that this historic business has and to take a number one place within the subsequent 4 to 5 years out there smooth drinks”.
The event plan for the interval 2023-2027, which is already being applied, initially foresees funds of 5 million euros and is predicated on 5 axes: higher manufacturing and provide chain efficiency, regeneration of the model, nationwide growth and upgrading of the presence, strengthening of exports which at present represent the 15% of turnover and funding in individuals and programs.
In keeping with the CEO of the corporate, Mr. Takis Perkizas, “the aim is to attain a number of turnover and profitability above the class common, whereas the break even is anticipated someplace in the midst of the interval”.
The doable merger with Hellenic Juices, Nera Dios and Seli
On the identical time, Mr. Karamouzis, when requested about the opportunity of EPSA partnering with firms through which the fund has invested, such because the Mendekidis water bottling firm, identified that for the time being the synergies are targeted on provide and procurement.
Nevertheless, he left open the opportunity of making a single construction sooner or later, stating that “for the time being it will be significant for EPSA to change into one of many sturdy names within the sector. We are going to see what occurs in 5 years. The dynamic out there is the creation of synergies and huge schemes.”
As revealed by OT, by means of the joint firm Water Make investments, Nikos Karamouzis, Apostolos Tamvakakis and Spyros Theodoropoulos acquired a majority package deal of shares within the Mentekidis water bottling firm that has the manufacturers DIOS and SELI.
The place does the fund make investments?
In keeping with Mr. Karamouzis, the primary sectors the fund focuses on are companion animals, by means of holdings in animal clinics, meals and drinks (it has invested in firms within the agri-food sector comparable to Arosis and Crop, in addition to since final 12 months in EPSA), know-how and digital safety by means of Cordia, in addition to tourism by means of the acquisition of the Patmos Aktis Lodge & Spa.
It needs to be famous that many of the obtainable 140 million euros of the fund have already been spent on investments in 12 firms all through Greece.
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