EOS Hellenic Renaissance Fund (EHRF) invests in Cosmos Sport S.A.

EHRF, managed by EOS Capital Partners (EOS), announces its second investment of € 12m in Cosmos Sport SA, a leading multi-brand retailer of sport clothes, shoes and accessories in Greece.

About Cosmos Sport

Founded in 1982 and headquartered at Heraklion, Crete, Cosmos Sport is a leading multi-brand sportswear retailer.

The company operates within an industry, athleisure, which has delivered an average of 5% year on year annual growth globally, over the past 3 years. The strong long-term outlook of the industry is supported by several structural mega trends:

Growing health awareness and consequently a rise in sporting activities
Growing number of athletes
Casual dressing trends
The key distinguishing company characteristics are its high growth potential driven by its ability to further expand its network in a high potential industry both domestically and internationally, its commitment to provide high-quality customer experience, being a pioneer providing a full portfolio of products to higher end customers, strengthening its omnichannel model, while retaining strong relationships with its key suppliers, namely Nike & Adidas.

As of Dec’19, the company had a network of 43 retail points, with 39 physical stores and 4 e-shops stores through five main brands: Cosmos Sport, Cosmos Sport (#Urban), Sneaker10, SportsFactory & SlamDunk. During the last six years (2014 – 2019), the company has significantly grown its revenue, from € 13.9m in 2014 to € 47.3m in 2019. The company has a very strong presence in the e-commerce business, generating approximately 40% of its revenue through online channels, while its main e-shop www.cosmossport.gr has been awarded for six consecutive years by the e-volution awards as the best sportswear e-shop in Greece.

The company’s strategy is to continue building on its premium brand positioning, brand quality and online state of the art platform, investing in store quality and focusing on the right product mix and on client “digital” experience. The company’s main objective is to pursue further its organic growth by developing and expanding its physical network as well as enhancing its digital platforms in line with the international market growth trends.

About EOS

EOS is the external Alternative Investment Fund Manager of EHRF, a private equity fund with approx. € 120m in AUM, focusing in 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.