Lambros Papakonstantinou is poised to add another crucial piece to the puzzle of Ideal Holdings’ future as he continues his expansion efforts.
The seasoned manager, who has spearheaded a complete transformation of the publicly listed holding company since 2021, is now set to establish a new powerhouse valued at over 100 million euros from the ground up.
The company’s liquidity is expected to see a boost in the forthcoming days with the initial tranche of a significant investment from British firm OAK Hill Advisors, amounting to 61 million euros, alongside an impending share capital increase scheduled from June 11 to June 13, which aims to issue 8 million shares valued between 46.4-48.8 million euros.
In the near future, the CEO will have the opportunity to initiate a second round of acquisitions, targeting multiple sectors simultaneously.
Additionally, three notable developments are in focus:
- The IPO will be priced between 5.8 and 6.1 euros per share, representing a significant discount compared to both the last market price of 6.2 euros and the net fair value of 7.8 euros, based on projections for the 2024 balance sheet.
- New shares will be offered to both existing and new shareholders, broadening the company’s shareholder base.
- OAK Hill Advisors has pledged to invest an additional 41 million euros by September, further empowering Lambros Konstantinou.
A Series of Strategic Moves
The above steps are part of a consistent upward trend over the past four years that began in 2021.
The new manager wasted no time in making acquisitions, starting with BYTE, Netbull, Attica Department Stores, and BlueStrem, with the latest acquisition being Barba-Stathis.
Over these four years, there were also some divestitures, including Three Cents and Astir Vitogiannis, which provided additional “resources” for Lambros Konstantinou.
Currently, the market valuation of Ideal Holdings is already nearing 300 million euros.
