By Dimitris Machairas and George Moschovis Thrace Group Acquires Australian Packaging Specialist BHA Holdings Thrace Group announced that its wholly owned subsidiary, Synthetic Holdings Ltd, completed on 30 March the signing and closing of a binding definitive agreement for the acquisition of 100% of the share capital and voting rights of BHA Holdings Pty Ltd, for total consideration of AUD 23.2 million (c. €14 million). The acquisition financed through external borrowing aim

By Nikos Tsolakis, Dimitris Chatziasimiadis, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis TMT 1) Qualco acquires 34% stake in Resitech Qualco has acquired a 34% minority stake in Resitech for a total consideration of €640,000. The investment was structured through a combination of share capital increase and acquisition of existing shares. Following the transaction, Qualco will hold 34% of the company, expanding its presence in the real estate

By Nikos Tsolakis, Dimitris Chatziasimiadis, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis FINANCIAL SERVICES 1) Optima Bank to Acquire Euroxx Securities Optima Bank has submitted a non-binding offer for the acquisition of an 80.84% stake (minimum of 67%) in Euroxx Securities. The indicative consideration is up to €65.5 million, depending on the final stake. The transaction is subject to due diligence, negotiations and regulatory approvals. The

By Nikos Tsolakis, Dimitris Chatziasimiadis, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis REAL ESTATE 1) Ellaktor S.A. Completes Acquisition of Office Asset from Prodea for €44 Million Landmark Holdings S.M.S.A., a subsidiary of Ellaktor Group, has acquired a fully leased office asset from Prodea Investments for €44 million. The 8,546 m2 six-story building is situated at 15 Vasilisis Sofias Ave., Athens, on a 2,036 m2 land plot and includes un

By Nikos Tsolakis, Dimitris Chatziasimiadis, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis TECHNOLOGY, MEDIA & TELECOMMUNICATIONS 1) Q&R Acquires 51% Stake in MTIS Quality & Reliability (Q&R) has reached an agreement to acquire a 51% majority stake in maritime technology firm MTIS for €2.7m. This acquisition allows the IT group to expand its footprint into the highly specialized maritime and shipping software sector, aligning with its recent st

By Nikos Tsolakis, Dimitris Chatziasimiadis, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis ENERGY 1) Schroders Greencoat and METLEN Strengthen Strategic Partnership Through Major 283 MW Solar Deal Schroders Greencoat has expanded its renewable energy footprint through the acquisition of a 283 MWp solar PV portfolio from METLEN Energy & Metals, marking a pivotal second transaction between the two firms. This strategic deal encompasses seven proj

By Nikos Tsolakis, Zeynep Giousemoglou, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis TRANSPORTATION 1) Aegean Acquires 45% Stake in Apella Aegean Airlines S.A., through its subsidiary Olympic Air, has acquired a 45% stake in Apella Monoprosopi S.A., a Greek aircraft and aviation material maintenance company. The transaction involves a purchase of existing shares and a share capital increase, with Dr. Nikos Kontogiannis retaining his 55% share

By Nikos Tsolakis, Zeynep Giousemoglou, Stavroula Bichta, Dimitris Machairas, Angeliki Stampouli and Thanasis Ntatsis MATERIALS 1) Kyklos Participations Reaches 95.96% Stake in Akritas Kyklos Participations S.A. completed its voluntary public offer for Akritas S.A., acquiring an additional 5.69% stake, corresponding to c.1,541,873 shares, and increasing its total ownership to 95.96% of voting rights. The offer was priced at €1.08 per share in cash and allows the bidder to exe

By Nikos Tsolakis, Zeynep Giousemoglou, Stavroula Bichta, and Dimitris Machairas FOOD & BEVERAGE 1) Elliniki Zymi: Add-On Deal Signals Exit Momentum Vivartia’s Elliniki Zymi, controlled by CVC Capital Partners, completed a low-profile add-on acquisition in 2025 with the purchase of Trofognosia SA, a Crete-based frozen dough producer. The deal comes as Elliniki Zymi posted more than €160m in turnover and improved EBITDA, pushing indicative valuations above €400m. Market source

By Nikos Tsolakis, Stavroula Bichta, Thanasis Ntatsis and Dimitris Machairas AEROSPACE & DEFENSE 1) Theon International Acquires 9.8% Stake in Exosens Theon International Plc has acquired an approximately 9.8% equity stake in French electro-optics group Exosens SA for €268.7 million, becoming the company’s second-largest shareholder. The transaction is strategically aimed at securing Theon’s access to critical components, notably image intensifier tubes used in night-vision s

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas REAL ESTATE 1) Dimand Sells Minion Property for €36.7m Dimand completed the sale of its wholly owned subsidiary Alkanor M.A.E. to ABINVEST, a subsidiary of Alpha Bank, for a consideration of approximately €36.7m. The sale price was determined based on the net asset value method, while Dimand’s total investment in the project was significantly lower than the final consideration, highlighting the value generated from t

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas FINANCIAL INSTITUTIONS 1) Alpha Bank Acquires Altius and Creates 3 rd  Largest Insurance Player in Cyprus The Greek bank will acquire 100% of Altius Insurance Ltd. and subsequently merge its operations with Universal Life Insurance Ltd., a company of the Photos Photiades Group, creating a significant player in Cyprus’ insurance sector. A key condition for the transaction is that Alpha Bank will hold a majority stake

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas MATERIALS 1) Titan S.A acquired Traçim Çimento Sanayi ve Ticaret A.Ş. Titan S.A has signed a SPA for the acquisition of Traçim Çimento, an integrated cement production facility in Western Turkey, for c. €161.8m. The transaction is expected to be completed within the first quarter of 2026 and contributes to the Group’s TITAN FORWARD 2029 strategic roadmap. Transaction Value: €161.8m The Target Traçim Çimento specializ

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas TECHNOLOGY, MEDIA & TELECOMMUNICATIONS Antenna Group Acquires Options & Town Cinemas Antenna Group has acquired Options & Town Cinemas, expanding its cinema network to 11 multiplexes and 3 open-air cinemas with a total of 94 screens across major Greek cities such as Athens, Thessaloniki, Patras, Larissa and Volos. This move follows its earlier purchase of Village Roadshow Operations Hellas and forms part of a bro

By Nikos Tsolakis, Stavroula Bichta, and Dimitris Machairas TECHNOLOGY, MEDIA & TELECOMMUNICATIONS 1) Profile S.A. to Acquire 87.23% of Algosystems S.A. Profile Systems & Software S.A. has reached a binding agreement to acquire 87.23% of Algosystems S.A., marking a strategic expansion into the wider technology, automation, and metrology sectors. As this website had previously written, the move aligns with Profile’s broader plan to strengthen its position in integrated tec

By Nikos Tsolakis, Stavroula Bichta, and Dimtris Machairas Brook Lane acquires Porto Bello Hotels Brook Lane Capital acquired 100% of Anaptixi Aigaiou Hotel Enterprises S.A., the owner and operator of Porto Bello Hotels Hellas. Located on the island of Kos, Porto Bello Hotels is a hospitality complex comprising two beachfront hotels with a combined capacity of 744 rooms, 18 F&B outlets, and 47 pools. AXIA Ventures Group acted as the exclusive financial advisor to the sell

By Nikos Tsolakis, Stavroula Bichta, Thanasis Ntatsis and Dimtris Machairas TITAN Group to expand its presence through a double acquisition TITAN Group acquires Standard Ypodomon S.A., strengthening its footprint in regions with high growth construction potential. The wider Heraklion area is expected to experience increased development driven by the new Kasteli Airport and other infrastructure projects.   The Group has entered into exclusive negotiations to acquire Vracs

By Nikos Tsolakis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas Coca Cola HBC to Acquire 75% of Coca Cola Beverages Africa Coca Cola HBC, a strategic bottler of The Coca Cola Company (TCCC) listed on the ATHEX and LSE, has reached an agreement to acquire 75% of Coca Cola Beverages Africa (CCBA) from TCCC and Gutsche Family Investments (GFI) for c. $2.55bn effectively valuing the company at $3.4bn. GFI will fully exit CCBA by selling its 33.48% stake ($1.3bn in

By Nikos Tsolakis, Dimitris Chatziasimiadis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas Theon Acquires 9.8% of Exosens for €268.7m Theon International reached an agreement with three of Groupe’s subsidiaries to acquire a 9.8% stake in Exosens for €54 per share, for a total transaction value of €268.7m. UBS and Citi will provide a bridge facility to finance the acquisition, which will later be refinanced through the issuance of new debt and equity shares.   U

By Nikos Tsolakis, Dimitris Chatziasimiadis, Zeynep Giousemoglou, Thanasis Ntatsis and Dimtris Machairas OB Streem Eyes a Double Acquisition in The Logistics Sector HIG Capital, through its portfolio company, OB Streem, is in advanced talks to acquire two logistics solutions providers, Med Frigo and Eurofreight. The stake that OB Streem is planning to acquire in each target is still unknown. The Targets Med Frigo  is a Greek private equity-backed company, specializing in col