Elikonos Capital

The firm operates an in-house corporate finance boutique alongside its fund vehicles. The advisory arm executes sell-side and buy-side M&A, fundraisings, and IPO mandates, generating proprietary deal flow that feeds the investment team. This dual structure gives Elikonos access to family-owned and founder-led Greek SMEs that rarely appear in broad auctions.

Elikonos 2 S.C.A. SICAR received its anchor commitment from EquiFund, an initiative created by the Hellenic Republic in cooperation with the European Investment Fund. EquiFund is co-financed by the European Union, Greek national funds, and the EIF, with additional backing from the European Investment Bank through the Juncker Plan. Elikonos manages the SICAR as a licensed AIFM.

The firm executes bilateral trade sales rather than public-market exits or broad auctions. Recent examples include the sale of Eurocatering S.A. to Latsco Family Office in August 2024 and the sale of Megas Yeeros to EOS Hellenic Renaissance Fund II in April 2025. Elikonos targets visible exit options at the time of investment.

The Elikonos 2 S.C.A. SICAR primarily makes minority equity investments in Greek SMEs. The firm also manages a hedge fund that invests in long-bias stocks, and has previously managed an early-stage technology fund that is currently under liquidation. The partners retain flexibility on transaction structure, including convertible instruments when appropriate.

The five partners — Pantelis-Stylianos Papageorgiou, Petros Papathanasiou, Konstantinos Alexiou, Ilias Stachtou, and Vasiliki-Kerasia Dimitriou — collectively run the firm and its investment committee. The group combines backgrounds in investment banking, corporate finance, venture capital, and senior operating roles at firms including Morgan Stanley, Unilever, and Coca-Cola Hellenic.

The portfolio concentrates on food and beverage, consumer goods, mobility, and logistics, as evidenced by investments in Megas Yeeros, Med Frigo Group, Eurocatering, and Instacar. The firm does not list explicitly excluded sectors, but its deal flow reflects a tight focus on growth-stage Greek SMEs with scalable operating models and solid balance sheets.

No. Elikonos Capital is an independent asset manager licensed by the Hellenic Capital Markets Commission as an Alternative Investment Fund Manager. It manages third-party capital through its SICAR and hedge fund, alongside its corporate finance advisory business. The partners' prior operational roles sit outside a single-family wealth structure.