Golden Age Capital closes debut Greek buyout fund at €250M
What's the deal? Golden Age CapitalDealroom has a profile for this one. Try Dealroom → has closed its first fund, Golden Age Capital Private Equity Fund I, at €250 million — above its €200 million target and past its hard cap. The final close drew more than 100 institutional and private investors.
Who's backing it? The Hellenic Development Bank of Investments (HDBI)Dealroom has a profile for this one. Try Dealroom → served as anchor investor. Other backers include Greek and international family offices, systemic banks, insurers, and Greek entrepreneurs.
What's the endgame? The firm targets majority stakes in Greek small and medium-sized companies with growth potential in fragmented markets. Using a buy-and-build strategy, it aims to create leading groups that can expand abroad.
Golden Age plans to build a diversified portfolio of 10 to 12 companies, developing value creation plans, recruiting talent, and investing in new technologies for each.
Where's the money going? The fund has already made three investments: restaurant chain "O ProedrosDealroom has a profile for this one. Try Dealroom →," tech-enabled property manager Moving Doors, and pharmacy operator Dr. PharmacyDealroom has a profile for this one. Try Dealroom →. A fourth deal is in final stages.
What they said: "The successful raising of €250 million and the oversubscription of the fund's cap confirms investors' confidence in our strategy," said Periklis Mazarakis, founder and managing partner of Golden Age Capital (translated from Greek). He credited HDBI with a "catalytic role" in creating the fund.
The signal: An oversubscribed debut fund, with a state development bank and international family offices as backers, points to renewed investor appetite for consolidating Greece's fragmented mid-market.
Read more: startupper.gr
Image credit: Generated with Gemini
