Elikonos Capital Partners S.ár.l., a private equity firm, announces the final closing of its second fund, Elikonos 2 S.C.A. SICAR (“Elikonos 2”) with total commitments of €71m.
Elikonos 2 is investing in Greek growth and later stage Small & Medium Enterprises (SMEs).
Elikonos 2 received commitments from EquiFund, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Hellenic Development Bank S.A (former ΕΤΕΑΝ) and other institutional and private investors.
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 announces its first investment of €3m in Rodoula S.A., a leading Greek producer of frozen pies, dough and desserts with exports in more than 40 countries. Rodoula operates two modern production facilities in Attica and distribution centres in Thessaloniki and Crete.
The Company employs 235 people. In 2018 Rodoula had revenues of Euro 16.5m and EBITDA of Euro 1.8m.