Global Finance, a Southeastern European private equity firm, has reached a first close on South Eastern Europe Fund (SEEF) on €197m. The fund, like its predecessors, will provide expansion capital and focus on taking control of companies based in Greece, Romania and Bulgaria. The latest fund, its eighth, has received commitments from a number of top-tier Greek and international institutional investors and private investors, including existing LPs.
The Athens-headquartered firm will continue to target business operating in the manufacturing, information technology, specialty retail, media, telecommunications and services industries. Angelos Plakopitas founded global Finance in 1991, and the firm undertook the first ever LBO in Greece: 2004’s purchase of PG Nikas, a processed meats producer.