Machas & Partners Law Firm advised Elikonos 3 S.C.A. SICAV RAIF on a €13 million investment in the historic Cretan bakery brand “To Manna” Tsatsaronakis, marking a strategic equity partnership with the historic Cretan company famous for pioneering packaged rusks since 1948. The investment highlights a disciplined approach to the Greek food sector that combines the preservation of heritage with the acceleration of expansion in business with clear international scalability potential.

Our law firm provided end-to-end legal support throughout the transaction, leveraging its multidisciplinary expertise, to balance fundamental standard private equity protections and customary corporate governance arrangements with the unique dynamic of an investee company featuring thriving financials, leading brand recognition, proven management teams, reflecting a partnership built purely over strategic alignment.

The transaction was led by Ioannis Charalampopoulos (Partner, Head of Corporate & M&A) with the support of Associates George Tsirogiannis and Alexandros Saratsiotis. Nikolaos Koulocheris (Co-Founder, Partner, Head of Real Estate & Project Development) led the real estate due diligence alongside Aikaterini Lampou, while Maria Antoniadou and Mary Tzanidaki advised on the employment law matters of the transaction.