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 desserts. This investment is part of Halcyon Equity Partners' broader strategy “Invest in the Best of Greece” and is based on Kayak's strong brand portfolio and significant growth prospects in Greece and abroad.
As the relevant announcement recalls, 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 more than 80 company-owned and franchise stores, both in Greece and abroad, while its products are available at more than 2,000 HoReCa points.
Kayak operates a modern production facility in Koropi, equipped with state-of-the-art technology for the production of all its products. At the same time, the company's three brands complementarily cover segments of the market: Kayak, an award-winning premium gourmet ice cream and dessert brand, Chillbox, the leading frozen yogurt chain in Greece with its characteristic do-it-yourself philosophy, and Goatit, a healthy ice cream concept made with goat's milk from selected producers in Crete.
The investment by Halcyon Equity Partners is expected to support the next phase of Kayak's growth, strengthening its international expansion, broadening its commercial presence, and creating the conditions for further investments in product innovation and the enhancement of its production capacity. A key pillar of the development plan is a targeted strategy of complementary acquisitions, which is expected to broaden 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 dessert market, both in Greece and in selected 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 excite 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 organic growth as well as through 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 dessert categories.
In close cooperation with the founders and the management team, we will support the next phase of the Company's growth and its further investments in innovation. We are excited to support Kayak's growth trajectory, combining organic expansion with an active strategy of complementary acquisitions, which will strengthen the Company's position to play a leading role in the consolidation of the sector 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.