M&A Deal Summary

Epsilon Net and Space Hellas Acquire Singular Logic

On November 30, 2020, Epsilon Net and Space Hellas acquired information technology company Singular Logic from Marfin Investment Group for 18M EUR

Acquisition Highlights
  • This is Epsilon Net’s 1st and Space Hellas’ 1st transaction in the Information Technology sector.
  • This is Epsilon Net’s and Space Hellas’ largest (disclosed) transaction.
  • This is Epsilon Net’s 1st and Space Hellas’ 1st transaction in Greece.

M&A Deal Summary

Date 2020-11-30
Target Singular Logic
Sector Information Technology
Buyer(s) Epsilon Net
Space Hellas
Sellers(s) Marfin Investment Group
Deal Type Add-on Acquisition
Deal Value 18M EUR

Target

Singular Logic

Athens, Greece
website
Singular Logic is the leading player in the Greek Business Software market providing integrated solutions for the private and public sectors, in Greece and abroad through three dynamic business divisions – EnterpriseDIS (Corporates), SingularLogic Software (SMEs), and SingularLogicIntegrator (Public Sector). SingularLogic has a large and reputable customer base of Greek and international companies serviced on the back of focused and competent offerings developed alongside powerful partners. Singular Logic is based in Athens, Greece.

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Buyer(S) 2

Buyer

Epsilon Net

Thessaloniki, Greece

website


Category Company
Founded 1999
Sector Information Technology
Employees1,047
Revenue 51M EUR (2021)
DESCRIPTION

Epsilon Net operates in the areas of information technology in Greece. Epsilon Net was incorporated in 1999 and is based in Thessaloniki, Greece.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Greece) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Buyer

Space Hellas

Agia Paraskevi, Greece

website


Category Company
Founded 1985
Sector Information Technology
Employees719
Revenue 103M EUR (2021)
DESCRIPTION

Space Hellas is a system integrator and value-added solutions provider, designs, supplies, implements, and supports information and communication technologies (ICT) and security solutions in Greece and internationally. The company operates through three segments: Technology Solutions and Services, Integration Projects, and Mobile Telecommunications. Space Hellas was founded in 1985 and is based in Agia Paraskevi, Greece.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Greece) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Marfin Investment Group

Nea Erythrea, Greece

website


Category Private Equity Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Marfin Investment Group is a publicly traded investment firm focused on private equity-related investments, as well as investments in privatizations and infrastructure projects. Marfin looks to fund consolidations and other situations where the firm can extract value. Areas of interest include food & beverage, financial services, leisure/hospitality, shipping, IT, real estate and healthcare. Marfin Investment Group was initially formed in 1998 and became public in 2007. The Firm is located in Amaroussian, Greece.


DEAL STATS #
Overall 6 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Greece) 6 of 7
Year (2020) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Attica Group

Kallithea, Greece

Attica Group is a holding company with expertise in quality shipping, transportation and leisure. As the owner of the two leading ferry operators in Southeastern Europe, Superfast Ferries (leading ferry operator in the Adriatic Sea and Crete routes) and Blue Star Ferries (leading ferry operator in the Aegean Sea routes), Attica Group owns and operates modern, fast, cruise-class car-passenger ferries providing year-round transportation services for passengers, private vehicles and freight. Attica Group was incorporated in 1918 and is based in Kallithea, Greece.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Vivartia

Spata Attica, Greece

Vivartia is a Greek food company operating in the dairy & drinks, bakery & confectionery, frozen foods, and food services & entertainment sectors. Vivartia is a diversified food company in Greece, with leading market positions in each of its core business lines: Dairy & Drinks (Delta, UMC), Frozen Foods (Barba Stathis, Chrysi Zymi), Food Services & Entertainment (Goody's, Flocafe, Everest and La Pasteria). Vivartia is based in Spata Attica, Greece.

Sell -