Halcyon Equity Partners S.C.A. SICAR (Halcyon Equity Partners) announces its investment in Kayak S.A. (Kayak), a Greek company that produces and distributes premium ice cream, frozen yogurt, and confectionery products. This investment is part of Halcyon Equity Partners’ broader “Invest in the Best of Greece” strategy and is based on Kayak’s strong brand portfolio and significant growth prospects in Greece and abroad.
As noted in the relevant announcement, Kayak was founded in 1993 by the Stavridis family and specializes in the production and distribution of premium ice cream, frozen yogurt, and desserts through three distinct brands—Kayak, Chillbox, and Goatit.
The company’s network currently consists of over 80 company-owned and franchise stores, both in Greece and abroad, while its products are available at more than 2,000 HoReCa outlets.
Kayak operates a state-of-the-art production facility in Koropi, equipped with the latest technology for manufacturing all of its products. At the same time, the Company’s three brands cover complementary market segments: Kayak, an award-winning premium gourmet ice cream and dessert brand; Chillbox, Greece’s leading frozen yogurt chain with its distinctive do-it-yourself philosophy; and Goatit, a healthy ice cream concept made with goat’s milk from select producers in Crete.
The investment by Halcyon Equity Partners is expected to support Kayak’s next phase of growth, strengthening its international expansion, broadening its commercial presence, and laying the groundwork for further investments in product innovation and the enhancement of its production capacity. A key pillar of the growth plan is a targeted strategy of complementary acquisitions, which is expected to expand the Company’s brand portfolio and geographic presence.
Combined with ongoing organic growth and operational improvements, this strategy is expected to further strengthen Kayak’s position in the premium ice cream, frozen yogurt, and confectionery market, both in Greece and in select international markets.
“Our partnership with Halcyon Equity Partners marks an important milestone for Kayak. Since 1993, our goal has been to create premium products that delight our customers, while building brands that stand the test of time. With the support of Halcyon Equity Partners, we are ready to accelerate our growth trajectory, invest even more in innovation, and strengthen our presence in Greece and international markets, through both organic growth and acquisitions,” said Akis Stavridis, CEO of Kayak.
“Kayak combines a strong market position, a resilient business model, and a diversified product portfolio in the premium ice cream, frozen yogurt, and desserts categories.
Working closely with the founders and management team, we will support the Company’s next phase of growth and its continued investments in innovation. We are excited to support Kayak’s growth trajectory, combining organic growth with an active strategy of complementary acquisitions, which will strengthen the Company’s position to play a leading role in the consolidation of the industry in Greece and expand its international presence,” said Eleni Bathianaki, Managing Partner of Halcyon Equity Partners.
This transaction was completed with the support of Lambadarios Law Firm and PwC Greece.