Elikonos 2 S.C.A. SICAR announces its second investment of €5m in Minerva S.A., a leading producer of olive oils, spreads, cheese and vinegar, operating in the Greek market since 1904. The Company, out of two modern plants (Schimatari Athens and Ioannina) maintains market leadership positions in all operating categories in the Greek groceries market, while has presence in a number of export markets (USA, Russia, Sweden, Denmark and other).
The Company employs 215 people.
Elikonos 2 S.C.A. SICAR, a private equity fund with total commitments of €71m, is investing in Greek growth and later stage Small & Medium Enterprises (SMEs). Elikonos 2 S.C.A. SICAR received commitments from EquiFund, an investment platform created by the Hellenic Republic in cooperation with the European Investment Fund (EIF), from European Bank for Reconstruction and Development (EBRD), from European Investment Bank (EIB) and Hellenic Development Bank S.A.
EquiFund investment platform is an initiative created by cooperation between the Hellenic Republic and EIF. It is financed by the Greek ESIF Fund of Funds TAESYM under the European Union / European Regional Development Fund / Operational Programme EPANEK, the EIF and private investors, with the objective to facilitate access to finance, mainly to SMEs, by developing the Venture Capital/Private Equity (“VC/PE”) in Greece in cooperation with selected Financial Intermediaries.
Elikonos 2 S.C.A. SICAR