EHRF, managed by EOS Capital Partners (EOS), announces its sixth investment of €6m in Archeiothiki S.A., a leading provider of innovative digital and physical document management solutions.
Archeiothiki was founded in 2006 by Mr. Periklis Argyros and Mr. Andreas Papadakis and is a leading document management Company, enjoying a solid customer base of more than 300 customers both from private and public sector. The Company owns seven state-of-the-arts document management centers (of a total capacity of more than 25,000 sq.m.), while its c. 250 specialized technicians digitize more than 100m pages p.a.
The Company also develops in-house solutions, through its dedicated internal R&D department, which consists of engineers specialized in AI and Blockchain technologies. These innovative solutions are then integrated with the current service portfolio or are offered on demand to fulfill customers’ special requirements.
Archeiothiki also enjoys international partnerships with recognized multinational companies, namely ELO Digital Office, which provides the document and content management platform of “ELO”, and Donnelley Financial Solutions (DFIN), the global market leader in Virtual Data Room services (“VDR”) and document anonymization. It is noted that the Company through its collaborations, has achieved to bring to Greece cutting-edge technologies in the electronic retrieval and confidential information management.
In terms of financials, Archeiothiki has achieved significant growth rates within the last five years achieving sales CAGR of +20% combined with high profitability. For FY21, Company’s management estimates sales of c. €10m and EBITDA of c. €2.5m with almost zero net debt.
EHRF’s funds will be used to support the Company’s heavy front-loaded investment plan which is essential to support the Company’s future growth, while will also allow the Company to have excellent positioning in the market to exploit potential public sector opportunities that may arise from Greek National Recovery and Resilience Plan: “Greece 2.0”.
EOS is the external Alternative Investment Fund Manager of EHRF, a private equity fund with approx. € 150m in AUM, focusing on growth capital investments in Greek SMEs across all sectors. The key cornerstone for the creation of EHRF, was its participation in the Equifund Fund of Funds program. EquiFund investment platform is an initiative created by cooperation between the Hellenic Republic and EIF. It is financed by the Greek ESIF Fund of Funds TAESYM under the European Union / European Regional Development Fund / Operational Programme EPANEK, the EIF and private investors, with the objective to facilitate access to finance, mainly to SMEs, by developing the Venture Capital/Private Equity (“VC/PE”) in Greece in cooperation with selected Financial Intermediaries.
EOS investment strategy focuses on SMEs with a healthy financial position and a solid value proposition looking for capital to achieve their growth potential either organically or inorganically through mergers and acquisitions.