Halcyon backs Greek pastry maker Rodoula to fund new €32,000m² plant
What's the deal? Halcyon Equity PartnersDealroom has a profile for this one. Try Dealroom → has taken a growth-equity stake in Rodoula, a Greek maker of frozen dough, pastry, and dessert products, to accelerate the company's five-year investment plan. The deal was announced in October 2026. Financial terms were not disclosed.
What's the endgame? The money will fund a new, automated 32,000m² production plant in Acharnes, near Athens. The site will consolidate Rodoula's existing manufacturing and logistics under one roof, lifting capacity and supporting new product development.
Founded in 1999 as a family workshop, Rodoula now runs three plants and two distribution centres in Athens. It serves more than 3,500 points of sale across foodservice, hotels, and supermarkets, and exports to more than 30 countries, chiefly in Europe and North America.
Who's backing it? The round is led by Halcyon Equity Partners S.C.A. SICAR, a fund managing €208 million. The deal fits Halcyon's "Invest in the Best of Greece" strategy of backing export-oriented Greek companies with room to scale.
Why now? The investment comes months after Halcyon backed ice-cream and dessert maker Kayak in July 2026. It also follows a wider run of food deals: ElikonosDealroom has a profile for this one. Try Dealroom →, which manages more than €300 million, took stakes in agrifood firm A. Vezyroglou and Cretan bakery To Manna earlier in 2026.
Why food? Greek private equity funds favour the sector for its resilience to inflation and predictable cash flows, as it covers basic consumer needs. International demand for Greek and Mediterranean products also opens export routes for firms that have quality but lack capital and scale.
The signal: Greece's fragmented, family-run food industry is drawing institutional capital as owners seek growth funds and generational handovers. Rodoula stands out because the deal ties the money to a concrete production plan, showing how funds are betting on established exporters with headroom to grow.
Read more: startupper.gr
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