Global Finance

Global Finance is an independent investment firm based in Athens, Greece, founded in 1991. The firm specializes in private equity and venture capital, focusing on management buyouts, middle market, turnaround, and growth capital investments, particularly in underperforming companies. It targets industries such as manufacturing, information technology, specialty retail, media, telecommunications, services, and real estate across Greece and Southeast Europe, including Bulgaria, Romania, Russia, and Serbia. Global Finance typically invests up to €40 million in Greek companies and up to €15 million in Eastern European ventures, making both minority and majority investments. The firm also engages in real estate development and provides advisory services. It aims for exits within three to six years through various methods, including trade sales, IPOs, and management buybacks. With additional offices in Sofia, Bucharest, and Belgrade, Global Finance has played a significant role in developing private equity and venture capital in the Southeast European market.

George Kourtis

Partner

Panos Lagarias

CFO

Mihalis Madianos

Partner

Nicolas Plakopitas

Partner

Angelos Plakopitas

Managing Partner

Past deals in Balkans

Green Group

Acquisition in 2012
Founded in 2002 and based in Buzau, Green Group is a recycling business operating in Romania and south-eastern Europe. It recycles waste streams including PET, electric and electronic waste, glass and batteries.

CallPoint New Europe EAD

Seed Round in 2008
CallPoint New Europe EAD is a business process outsourcing company.

Eurolns Insurance Group

Venture Round in 2008
Euroins Insurance Group (EIG) is one of the independent groups operating in the Central and SEE insurance markets. The company is focused in providing a full range of insurance products in the areas of general, health and life insurance.

CallPoint New Europe EAD

Acquisition in 2008
CallPoint New Europe EAD is a business process outsourcing company.

Axigen

Series A in 2007
Axigen is a developer and vendor of an integrated email, calendaring, and collaboration platform, built on advanced Linux mail server technology. This platform offers three tailored solutions: Axigen Business Messaging, designed for businesses seeking secure and efficient email communication and collaboration; Axigen Service Providers Messaging, which supports multi-tenant environments for service providers hosting large numbers of business-level email users; and Axigen Free Mail Server, a user-friendly alternative to open-source solutions that accommodates a significant number of free email users. With a global distribution network of over 200 partners across 100 countries, Axigen manages email traffic for more than 11,000 companies and serves approximately 6 million end-users, emphasizing speed, security, and ease of management for both small businesses and large service providers.

Vivacom

Acquisition in 2007
Vivacom is a leading telecommunications provider based in Sofia, Bulgaria, offering a comprehensive range of services including mobile and fixed voice, high-speed fiber optic internet, digital interactive television, and data transmission. The company serves over 4 million customers and operates more than 230 retail locations across the country. Vivacom has evolved from being the first telecom operator in Bulgaria to becoming a well-recognized brand known for delivering high-tech services. Their approach focuses on innovative solutions tailored to meet individual customer needs in a fast-paced digital landscape. Beyond their commercial offerings, Vivacom demonstrates a commitment to social responsibility through the Vivacom Fund, which invests millions into education, culture, sports, and charitable initiatives. The company prioritizes customer-centric services and remains dedicated to enhancing connectivity and communication in the community.

Typoprint

Acquisition in 2007
Typoprint provides digital printing services to advertising agencies and manufacturers.

La Fourmi

Acquisition in 2006
La Fourmi is a chain of supermarket stores.

Onda Coffee Break AD

Private Equity Round in 2005
Onda Coffee Break AD operates a chain of coffee shops.

TotalSoft

Acquisition in 2005
TotalSoft is one of the largest IT companies in Romania. Established in 1995, the company is one of the pioneers of the IT industry in Romania. Currently, the company has over 500 employees and 1,500 clients from 25 countries in the private and public sector, mostly companies in financial services, leasing, distribution & retail, healthcare & pharma, telecom, automotive and constructions. In 2010 and 2011, TotalSoft ranked first place among the Romanian ERP providers, according to Pierre Audoin Consultants. TotalSoft has its own suite of software solutions, Charisma Business Suite, comprised of Charisma ERP, payroll and human capital management solutions, medical software, eBusiness applications. The Software Development division of TotalSoft creates tailor-made solutions abroad, with 300+ offshore projects delivered in USA, UK, Netherlands, Sweden, Germany, France, Belgium, Austria and Switzerland. TotalSoft is member of Global Finance Group, one of the largest private investment companies in South-Eastern Europe.

A1 Bulgaria

Acquisition in 2004
A1 Group is one of the leading telecommunication providers in Central and Eastern Europe with more than 24 million customers and over 18,000 employees. At present, the company operates in seven countries: Austria (A1), Bulgaria (A1 Bulgaria), Belarus (velcom), Croatia (Vipnet), Slovenia (A1 Slovenia), Serbia (Vip mobile) and Macedonia (one.Vip). The portfolio of the group includes voice telephony, high-speed internet and multimedia services as well as high-end, data and online payments solutions. A1.bg is the first and largest GSM mobile phone operator in Bulgaria. It has more than 4.2 million customers. The company was founded in March 1994 but was not launched commercially until September 1995 .

United Milk Company

Acquisition in 2003
United Milk Company AD is a dairy processing company located in Plovdiv, Bulgaria. It specializes in the production of a variety of dairy products sourced from cow, sheep, and goat milk. The company's product range includes milk, yogurt, and cheese, catering to diverse consumer preferences and dietary needs. With its focus on quality processing, United Milk Company plays a significant role in the dairy industry within the region.

S.C. Orange România

Acquisition in 2001
S.C. Orange România provides local telecommunications services to Romanian customers. It offers monthly and pre pay plans, service plans on subscription, home Internet packs, data service plans, 3G service plans, messages, international services, customized dialing, mobile banking, and client services.

Germanos

Acquisition in 2000
Germanos provides mobile products and services.

S.C. Zentiva S.A.

Acquisition in 1999
S.C. Zentiva S.A. is a pharmaceutical company based in Bucharest, Romania, that specializes in the production and trade of human drugs and medications. Founded in 1962, the company operates primarily in Romania and exports its products to various European countries, including Germany, France, Poland, the Czech Republic, Slovakia, and Russia. Zentiva offers a diverse range of products across multiple therapeutic areas, including cardiovascular health, central nervous system disorders, gastrointestinal and metabolic issues, anti-inflammatory and pain relief, blood disorders, anti-infectives, urology, respiratory conditions, endocrinology, oncology, and dermatology. Additionally, the company provides hospital solutions, catering to the needs of healthcare institutions. Formerly known as Sicomed S.A., the company rebranded to Zentiva S.A. in January 2006 and is a subsidiary of Zentiva NV.

Delta Romania S.A

Acquisition in 1998
Delta Romania S.A produces ice creams.

Steelmet AD

Acquisition in 1997
Steelmet AD produces and trades non-ferrous metal products.
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