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Funds ‘discovered’ Greek logistics: The moves of HIG Capital and EOS Capital Partners

Of Foti Foteinou

Undoubtedly, freight transport and logistics are among the sectors of the economy that stand out from the period of the pandemic.

The modern warehouses that have automation, but also the transport companies that are distinguished for the reliability of their services (accuracy in deliveries, flexibility in routing) are experiencing remarkable demand, with real estate companies, but also funds focusing on this sector.

And in Greece, there are many examples, with the most recent, the apparent acquisition of 49% of Seagull by EOS Capital Partners of Apostolos Tamvakakis who first broadcast the Capital.gr.

In the examined sector, other important agreements have preceded, such as the acquisition of the majority stake in MAKIOS Logistics by HIG Capital, the acquisition of 80% of SARMED Warehouses by BriQ Properties and the considered absorption of DELATOLA by Foodlink.

HIG Capital aims at “great concentration” in logistics

HIG Capital, from 2021, which entered the logistics market, through the acquisition of the majority stake in MAKIOS Logistics, appears as the company that will bring together several companies in the industry, achieving a “great merger”.

According to information, the company has proceeded with the acquisition of the activity of the warehouses – refrigerators of the company Olympias and is in advanced discussions with another transport company.

HIG Capital, as everything shows, will intensify its efforts to create a “large entity” in the logistics and freight transport of Greece, through the creation of modern warehouses in Aspropyrgos.

Specifically, the company plans the operation of a modern logistics center of 100,000 sq.m. at the facilities of the Hellenic Steel Company, while warehouses of 20,000 sq.m. MAKIOS Logistics also plans to build in Aspropyrgos.

EOS Capital Partners, Seagull and WEBOXIT

A few days ago, the CEO of EOS Capital Partners Apostolos Tamvakakis commented that the company proceeded with the acquisition of 49% of a logistics company, after a continuous monitoring of the industry for the last 2-3 years.

Then it turned out that this company is Seagull, which is based in Piraeus and – among other things – has in its portfolio the courier company WEBOXIT.

Seagull is a Greek international transport company, which operates in six countries.

According to estimates, the Seagull Group presented in 2021 a total turnover of 150 million euros, while in Greece Seagull Transfer presented, in 2019, a turnover of 43.4 million and, in 2020, 37.7 million euros.

The entry of EOS Capital Partners in a transport company, with an international presence, reveals the dynamics of the freight and transport market.

At European level, companies in the industry, such as Kuehne + Nagel and DSV, have shown “strong economic results” due to market growth, even making acquisitions.

Respectively, in the land logistics / transport, the entry of the regular liner shipping companies is dynamic, which – due to the super profits they note – proceed with the acquisitions of e-commerce, courier and logistics companies.

Source: Capital

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