WELCOME TO DECA

WHO WE ARE

DECA Investments AIFM (“DECA”) is an Alternative Investments Fund Manager (“AIFM”) regulated by the Hellenic Capital Markets Committee. DECA manages DIORAMA Investments Sicar S.A. (“Diorama”).

THE FUND

Diorama is a generalist growth capital private equity fund, regulated by Luxembourg’s Capital Markets Commission (CSSF). The Fund has a 10-year term and an investment period of 3-5 years.

INVESTOR BASE

Diorama has a diverse and high quality investor base, which includes a well-respected anchor investor, financial institutions, family offices and professional investors. Members of the investment team have long-standing relations with the fund’s investors.

ABOUT US

DECA operates under a model corporate governance structure, with independent investment decision making mechanism under a comprehensive investment, approval and risk-management framework, of the highest standards. In addition, DECA follows a thorough investment process that comprises several distinct stages including the sourcing of potential investments, investment analysis & valuation, investment and approval committee review, transaction closing, active portfolio management and exit.

DIORAMA Investments SICAR, S.A. ("Diorama") invests primarily in eligible Greek SMEs, which satisfy strict investment criteria: attractive sector dynamics, management quality and integrity, strong fundamentals and, obviously, growth potential.

Provide fuel for growth… Diorama provides capital to some of the most promising SMEs, through equity or equity-like instruments. The investment team works together with the management team of portfolio companies in order to produce attractive long-term results.

aiming at strategic minority stakes… Diorama prefers to obtain significant influence over absolute control and normally acquires significant minority stakes in the range of 10%-40%. Greek SMEs tend to rely significantly on the founders/ owners who normally possess a deep knowledge of the market, sector, customers, suppliers and key employees. As most owners will have the majority of their net worth tied in the companies, they will have a strong incentive for the companies to prosper.

in dynamic sectors… Diorama seeks investment opportunities in situations where the combination of management quality, sector dynamics and the fundamentals of the particular company indicate that the expected risk-adjusted return is attractive. Diorama is interested in a wide spectrum of sectors, with a focus on companies that have a proven track record, strong export orientation, import substitution capability, unutilized capacity and / or price appreciation potential.

with a hands-on approach… Diorama takes an active management approach with portfolio companies, using value-adding actions in order to improve operational efficiency, governance and discipline. Diorama’s efforts are complemented by the presence of operating advisors, professionals with extensive sector experience.

and a clear, three-fold exit strategy… Diorama has three alternative exit strategies, which may be used individually or in combination: (i) a trade sale of the portfolio company, (ii) a listing of the portfolio company in a Stock Exchange and (iii) a put option agreement either to the company or to the majority shareholder.

The members of the investment team have previously held senior positions in the financial sector and have more than 100 years of combined and complementary experience in the corporate, investment banking, capital markets and private equity markets, both in Greece and abroad. They have worked with many large and medium size Greek companies and they share an extensive knowledge of the SME sector. The team’s experience and strong network aided by a Board of distinguished personalities provide an edge for sourcing investments.

Board of Directors

  1. Panagiotis Alexakis, Chairman
  2. Nikolaos Nanopoulos, Member
  3. Nicos Koulis, Member
  4. Kyriakos Riris, Member
  5. Pandeli Economo, Member
  6. Nicos Aliprantis, Member
  7. Konstantinos Dermanis, Member
  8. Ioannis Kalantzis, Member
  9. Alexandros Katsouridis, Member

Funds Advised

FUNDS ADVISED BY DECA INVESTMENTS

Fund

DIORAMA Investments SICAR S.A.

Raised in

2014

Size

1st Closing Completed Nov. 2014
2nd Closing Completed May 2016

Investment profile

Growth Capital Investments for Greek SMEs. Generalist.

Investment Team

NEWS & EVENTS

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DECA Investments AIFM, the exclusive investment manager of Diorama Investments SICAR (“Diorama” or the “Fund”), announced the completion of the Fund’s third investment: the acquisition of a strategic equity position in InternetQ Group Limited (“InternetQ” or the “Company”) indirectly through one of the holding companies of InternetQ, for a consideration of EUR 12mn. Concurrently with the investment the funds will be invested into InternetQ through a capital increase.
InternetQ, employing 230 people, is a Greek company with a truly global presence and client base. It has two main lines of business: a music streaming service, which provides unlimited music tracks for a monthly subscription, and a software designed to bring together advertisers and publishers, thus facilitating advertising in mobile applications (“in-app advertising”). Both products operate in global and rapidly expanding sectors, which are expected to exceed a 20% annual growth rate in the next several years. The investment by Diorama will enable InternetQ to further strengthen its presence in the rapidly growing in-app advertising sector, which is expected to reach $ 125bn in size by 2018.
The investment in InternetQ fits Diorama’s strategy: making equity investments in growing, extrovert Greek companies. Diorama’s objective is to help the investee companies capitalize on their competitive advantages and become important players in the international arena.
Mr. Panagiotis Dimitropoulos, InternetQ’s Chief Executive Officer stated: “We are delighted with the completion of this landmark transaction and welcome Diorama Investments SICAR as business partners. InternetQ historically focuses on technological innovation and strategic partnerships which secure a long term success. This new funding fosters our development and enables us to substantially accelerate our growth plans across target markets. It allows us to further improve the functionality of our product offerings and capitalize on the considerable opportunities of the in-app advertising sector, where we build and strengthen a market-leading position.”
Konstantinos Dermanis, DECA Investments AIFM Partner stated: “InternetQ’s characteristics are fully consistent with Diorama’s investment strategy. InternetQ is a dynamic Greek technology company with a truly international presence enjoying a strong position in two rapidly growing sectors. We believe that InternetQ’s management team has the experience, track record and know-how to help the Company grow over the next years. Our investment will help it strengthen its positioning in the fast growing and profitable digital advertising sector, and in particular in-app advertising.”
The investment in InternetQ is the third investment of Diorama Investments SICAR. The investment fits Diorama’s strategy, which is to provide growth capital to export-oriented Greek companies. In November 2015 Diorama announced its first investment in Atlas Tapes S.A., a growing Greek company involved in the production and trading of adhesive tapes and other packaging material. This was followed last March by an investment in Damavand S.A. a leading agricultural company involved in the processing and packaging of tomato based products.
Diorama Investments SICAR is a growth fund with EUR 135 mn commitments established in Luxembourg in September 2014. Its goal is to make equity investments, usually through a capital increase, to Greek small and medium enterprises. Diorama’s shareholders comprise prominent Greek and international investors including the European Investment Fund, The European Bank for Reconstruction and Development and the European Investment Bank. Diorama is managed by DECA Investments AIFM, which is regulated by the Hellenic Capital Markets Commission.
This investment benefits from the support of the European Union under the Equity Facility for Growth established under regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Program for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020).
This investment benefits from the European Fund for Strategic Investments, one of the pillars of the Investment Plan for Europe. The Investment Plan for Europe focuses on strengthening European investments to create jobs and growth.

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DECA Investments AIFM, the exclusive investment manager of Diorama Investments Sicar, S.A. (“Diorama”), announced the completion of the Fund’s second investment: the acquisition of a strategic equity position in Damavand S.A. in two phases for a consideration of up to EUR 7mn.

Damavand is a growing Greek company involved in the processing of agricultural products, mainly tomato and fruit. This is a sector in which Greece enjoys significant competitive advantage. Damavand is one of the largest companies in the sector with 2014 revenues of EUR 14mn, attractive profitability and increasing export orientation. The investment will enable Damavand to increase substantially its production, use its competitive advantage afforded by its geographic position, increase substantially its revenues and exports and enhance its competitive position internationally.

The investment in Damavand fits Diorama Fund’s strategy: making equity investments in growing, extrovert Greek companies. Diorama’s objective is to help the investee companies capitalize on their competitive advantages and become important players in the international arena. DECA has already completed a mapping of the Greek small and medium enterprise universe and is in advanced discussions regarding other possible investments.

Ms. Christina Karachaliou, Damavand’s Chief Executive Officer stated: “In the middle of a particularly difficult time for Greece Diorama believed in Damavand’s potential and our vision. Our primary goal is to strengthen Damavand’s position internationally. The high quality of our products, our technical know-how and Diorama’s support assure us that we will attain this goal. We will redouble our efforts to continue our growth following our mission: the satisfaction of our customers, our employees and our suppliers, the farmers, thus contributing to the growth of Greece’s economy.”

John Kalantzis, DECA Investments AIFM CIO stated: “Our decision to invest in Damavand, an export oriented company which has the potential to expand in new international markets, fits perfectly Diorama’s objective.  We believe that our investment will help increase the tomato demand thus helping the farmers/suppliers, will generate new jobs and create significant economic value for Damavand’s shareholders. Damavand is a well-managed company which has the potential to become a significant player in the European tomato processing sector”.

The investment in Damavand is the second investment of Diorama Investments Sicar, S.A. The investment fits in Diorama’s strategy, which is to provide capital to export-oriented Greek companies at a time of very limited liquidity. Last November Diorama announced its first investment in Atlas Tapes S.A., a growing Greek company involved in the production and trading of adhesive tapes and other packaging material.

Diorama Investments Sicar, S.A. is a growth fund established in Luxembourg in September 2014. Its goal is to make equity investments, usually through a capital increase, to Greek small and medium enterprises. The Fund’s investors are distinguished Greek businesspeople and institutional investors. The Fund’s investments are managed by DECA Investments AIFM, which is licensed by and reports to the Hellenic Capital Markets Commission.

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DECA Investments AIFM (“DECA”), the exclusive investment manager of Diorama Investments Sicar, S.A. (“Diorama”), announced the completion of the Fund’s first investment: the acquisition of a strategic minority position in Atlas Tapes S.A. (“Atlas”) for a consideration of c. seven million Euros (€7 million).

Atlas Tapes is a growing Greek company involved in the production and trading of adhesive tapes and other packaging material. It is one of the largest and most profitable European companies in the sector with 2014 Revenues of €65 million, 85% of which representing export sales. In 2014 it increased its employee base to 330 up from 250 in 2013. The investment will enable Atlas to further expand and automate its production, reduce its cost base, mainly by becoming more energy efficient, and thus further enhance its competitive position internationally. In 2015 Atlas realizes revenue growth exceeding 10%.

The investment in Atlas fits Diorama Fund’s strategy: making equity investments in growing, extrovert Greek companies who have the ability to generate attractive returns to their shareholders. Diorama’s objective, in addition to the realization of attractive return on its investments, is to contribute to Greece’s critical goal: realizing economic growth and reducing unemployment by increasing the competitiveness of its businesses. DECA has already completed a mapping of the Greek small and medium enterprise universe and is in advanced discussions regarding other possible investments.

Jason Lantzis, Atlas’ Managing Director stated: “Diorama Investments Sicar, S.A. strategic investment in our company not only strengthens our financial position and augments our capabilities, but also provides us with increased international reach. It, thus, facilitates the realization of our strategic goal which is to turn Atlas Tapes into the leading European adhesive tapes company.”

Nicos J. Koulis, DECA Investments’ AIFM CEO stated: “Diorama Fund makes its first investment in a growing, extrovert Greek company at a challenging time when access to capital even for strong companies is limited. It is our belief that the end of this long recession will be accelerated by the active support to growing, extrovert companies that can compete successfully in the international arena. We are confident that this investment will not only help Atlas achieve its ambitious goals but will also generate significant economic value for our investors.”

Diorama Investments Sicar, S.A. is a growth fund established in Luxembourg in September 2014. Its goal is to make equity investments, usually through a capital increase, to Greek small and medium enterprises. The Fund’s investors are distinguished Greek businesspeople and institutional investors. The Fund is managed by DECA Investments AIFM, which is licensed by and reports to the Hellenic Capital Markets Commission.

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DIORAMA Investments SICAR S.A. (“Diorama”) has completed its First Offering Period

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“The Hellenic Capital Markets Committee has decided (688/14.07.2014) to grant an operating license to the Company “ DECA INVESTMENTS ΑΝΩΝYΜΗ ΕTΑΙΡΕΙΑ ΔΙΑΧΕΙΡΙΣΗΣ ΟΡΓΑΝΙΣΜΩΝ ΕΝΑΛΛΑΚΤΙΚΩΝ ΕΠΕΝΔΥΣΕΩΝ” in accordance to L. 4209/2013, so as to provide investment services to private equity funds”.

INVEST RESPONSIBLY

We believe that the thoughtful management of environmental, social, and governance (ESG) issues is smart business and see it as an essential part of long-term success in a rapidly changing world.
DECA is committed to investing responsibly by integrating material ESG considerations into our private markets investment processes.

We try to influence companies to improve their performance in environmental, social issues and corporate governance. This is achieved primarily through active participation, collaboration with other investors and voting at their BoD meetings.











Careers

If you are interested in joining our company, please send your CV to the following
email address: info@decainvestments.eu

CONTACT US

DECA Investments AIFM

Address: 8 Fragoklissias Str. | 151 25 Maroussi | Athens, Greece

Tel: (+30) 213 010 9200
Fax: (+30) 210 6197765

Email: info@decainvestments.eu

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The Fund, Diorama Investments SICAR, S.A., benefits from the support of the European Union under the Equity Facility for Growth established under Regulation (EU) No 1287/2013 of the European Parliament and the Council establishing a Programme for the Competitiveness of Enterprises and small and medium enterprises (COSME) (2014-2020).