Greek investment firm Marfin Investment Group (MIG) issued a press release on 22 March 2010 to announce a successful fund raising effort which garnered € 251.7 million. The funds come by way of a convertible bond loan, the issuance of which was determined prior to the recent downturn in the Greek economy. With the bond’s [...]

As Serbia’s state-owned JAT Airways continues to experience heavy financial losses, Greek investment firm Marfin Investment Group has expressed interest in acquiring the troubled airline. Marfin purchased Greek Olympic Airlines last March and would most likely merge it with JAT to create a strong regional airline. The firm also acquired a 50% stake in Switzerland’s [...]

More than a week after the bid deadline for Greek Telecom Wind Hellas passed, PPF Partners has made a €200 million offer for the financially troubled company. PPF’s bid is being looked at by creditors along with competing bids from Weather Investments and subordinated bond holders, both of whom are trying to gain complete control [...]

Greek investment company Marfin Investment Group (MIG) has joined forces with Veolia Environnement and Ionios Constructions in a bid for Thessaloniki Water and Sewerage SA (EYATh). The three partners, which have formed a joint venture with Veolia owning 51%, MIG 44%, and Ionios 5%, recently announced participation in a tender to find a strategic partner [...]

Despite rumors to the contrary, Marfin Investment Group (MIG) has announced that it is not engaged in talks with ThyssenKrupp Marine Systems to acquire Hellenic Shipyards (HSY). MIG went so far as to state that they were not interested in Hellenic Shipyards or any other shipyards in Greece. The rumors of MIG’s potential interest began [...]

After many years seeking private investors to purchase struggling Olympic Airlines, the Greek government has struck a deal with the Marfin Investment Group. The Greek government bought the airline from Aristotle Onassis 30 years ago but now will let it go for € 177.2 million. Earlier bids from American charter operator Chrysler Aviation (€ 210 [...]

Cosmote, wholly owned by Greek incumbent OTE, has acquired an additional 12.6 percent stake in Albania Mobile Communication (AMC). The deal is worth EUR 48.2 million and raises Cosmote’s stake in the company to 97.6 percent. The transaction was made with the state of Albania for the shares, outbidding Nexus Private Equity Partners, Bedminster Capital [...]

According to various sources the government’s advisers received today a binding offer of € 45.7 million by Marfin Investment Group to acquire assets related to Olympic’s flying operations and € 16.7 million for assets of its technical base. On February 5, 2009 Marfin Investment Group confirmed their interest in acquiring Olympic in a press release.

Marfin Investment Group Holdings announced that it had acquired approximately 49.99% of Flight Ambulance International for EUR 15 million. Flight Ambulance International, based in Nuremberg, Germany, is a world leader in medical air evacuation. Marfin executed the transaction through a purchase of equity and retained a 2-year option to increase its stake to 51% of [...]

A 75 percent stake in Medicom Systems S.A. has been sold by Eureko B.V. to Global Finance Fund South Eastern Europe Fund L.P. Medicom Systems is the holding company for Euroclinic Athens and Euroclinic Children. Eureko is also the parent company of Greece’s Interamerican health insurance company. According to the agreement, Global Finance will acquire [...]

Greek chemical manufacturer Neochimiki L.V. Lavrentiadis S.A. Industrial and Commercial Company has been acquired by the Carlyle Group, a private equity firm based in Washington, D.C. Carlyle has purchased 73.54% of the shares at a price of € 19 per share. Former Chairman and CEO Lavrentis Lavrentiadis sold Carlyle 20% of the shares, with the [...]

Deutsche Telekom, a German telecommunications company, acquired nearly 20% of Hellenic Telecommunications (“OTE”), the national telecommunications provider of Greece. The shares were sold by Marfin Investment Group, a Greek private equity firm whose stake in OTC represented their second largest investment. The purchase was made for EUR 2.5 billion, or EUR 26 per share. The [...]

Marfin Investment Group acquired 55.79% of the share capital of consumer electronics retailers “Radio Korasidis” and 58.78% of the share capital of “Elephant” for a total consideration of € 22.2 million from “V-NET”. Radio Korasidis (www.korasidis.gr) Radio Korasidis operates 54 stores across Greece, including the 8 stores of Vasilakis S.A. in Northern Greece, which are [...]

Marfin Investment Group acquired a 30% stake from the main shareholders of Vivartia for a price of € 25 per share, valuing the sake at about € 550 million and the company at about € 1.8 billion. Vivartia S.A. (www.vivartia.gr) Vivartia is involved in the dairy business, ice-cream market, fresh juices market, frozen food market [...]

Global Finance has held the final closing of its eighth fund, the South Eastern Europe Fund (“SEEF”). The South Eastern Europe Fund successfully reached its hard cap of € 350 million. SEEF will primarily consider control investments and regional expansion opportunities. The funds were committed by a group of top-tier Greek and international institutional and [...]

Global Finance acquired a majority stake in Greek Andromeda Aquaculture S.A. Andromeda Aquaculture S.A. (www.andromeda-aquaculture.gr) Andromeda was established in 1998 by Mr. Christos Giannopoulos, the founder of Riopesac, which was the largest fry production unit in Europe in Sea Bream and Sea Bass in the early 90’s. Andromeda ranks among the top five companies in [...]

Global Finance acquired a majority stake in ICAP. The company is the leader in Greece in the provision of business information services (including company financials, credit analysis and ratings), printed and on-line business directories and consulting services, with presence for over 40 years in Greece and a recently launched activity in Bulgaria. ICAP (www.icap.gr) ICAP [...]