The economic meltdown in Greece has resulted in a slew of good buying opportunities on Aurigin. We have seen a rush of quality deals for opportunistic global buyers. Greece is also where strategic investors are now looking to put their…
The economic meltdown in Greece has resulted in a slew of good buying opportunities on Aurigin. We have seen a rush of quality deals for opportunistic global buyers. Greece is also where strategic investors are now looking to put their money to work. This, inspite of the tumultuous economic environment that the region is experiencing, caused by shrivelling resources in a cash-strapped economy.
The uncertainty of Greece accepting bailout funds from the IMF and the possibility of exiting the Eurozone is causing immense heartburn for businesses in the region. These companies which have strong operational and financial integrity are victims of the crumbling external economy in Greece. Many of these stable small and medium companies are being forced to sell, recapitalise, or seek international investments to keep them going.
This has offered huge opportunities for bargain-hunting global investors, who are actively looking to create their footprint in the Western Europe market, or for investing in good quality assets, to fuel their inorganic growth. In the past quarter Aurigin has seen a number of exciting deals from Greece with the average transaction size being $25 million.
For investors looking to get their money’s worth from Greece, our analyst Jyoti Prakash offers options of several attractive assets and sectors to investors who can take advantage of these undervalued businesses.
100% or Controlling Stake Sales
Aurigin has some impressive deals with companies selling out 100% or controlling interests with over $360 million of Greek investment opportunities across multiple sectors, which have been detailed below:
Food, Beverage and Tobacco comprising of $230 million investment opportunities, Energy Cleantech with $35 million, Materials Consumer Durables and Apparel comprising of $34 million, Software & Services $30 million, Retailing and Household & Personal Products $21 million, and Materials at $11 million.
Sectors seeking capital for expansion
Aurigin has almost $100 million of expansion-growth capital deals in sectors like Food & Staples, Retailing, Food Beverage & Tobacco, Energy, and Technology Hardware & Equipment.
Strategic investors keeping a close watch on Greece deals
Corporates of all sizes are starting to look at Greek businesses with investment bite sizes as little as $1 million to all the way up to $1 billion and above. Strategic investors from Asia, North America and Europe are looking to accelerate their inorganic growth strategies or create a footprint into the Western Europe segment, through Greece deals. This has been led by cross border interest with 38.6% or investment interest coming from North American corporates, 24.56% from Asian investors, 19.30% from European and 17.54% from investors of other regions globally.