Entersoftone Deal Closed: London-Based HG Acquires 70%, Olympia Group Retains Stake

Protothema

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HG acquires 70% of Entersoftone, in one of the largest deals in Greek IT, while the remaining 30% remains with Olympia and Imker Capital

bankingnews.gr

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As stated in the relevant announcement by Entersoftone, this is Hg's first investment in Greece.

Wall-Street

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ENTERSOFTONE (ES1), a provider of ERP and business solutions in Greece, with operations throughout South-Eastern Europe, announced a majority investment by Hg, a benchmark investor in European and transatlantic software and services companies. The transaction represents Hg's first investment in Greece and evaluates the company at around €1 billion.

CNN Greece

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ENTERSOFTONE (ES1) announced on Tuesday morning the majority investment of Hg in its share capital. Hg is among the most important investors in European and transatlantic software companies and…More...

Newsit.gr

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Hg makes its first investment in Greece, acquiring a majority stake in ENTERSOFTONE. Hg is one of the ... The article Hg invests in Greece – Acquires majority stake in Entersoftone, driving its valuation to 1 billion euros was published in NewsIT.

Cronica Romana

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The transaction marks the first investment of Hg in a company based in Greece Hg will support the transition to the cloud and investments in artificial intelligence, facilitated by the AI accelerator of the Olympia Group, Imker Group and the management team will retain significant stakes ENTERSOFTONE (ES1), provider of ERP software solutions and [...] Article ENTERSOFTONE receives a majority investment from Hg, in a transaction valued at about 1…