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. Our team of professionals is committed to try hard to generate attractive returns to our shareholders, enhance shareholder value to our partners and help generate attractive workplaces for our portfolio companies’ employees. In addition, DECA follows a thorough investment process that comprises several distinct stages including the sourcing of potential investments, investment analysis & valuation, investment committee review, transaction closing, active portfolio management and exit.

Diorama Investments Sicar S.A. (“Diorama”) invests primarily in Greek SMEs participating in sectors with attractive fundamental, good management teams and strong growth potential, which can be enhanced by our active involvement.

Diorama acquires significant minority or majority positions in some of the most promising SMEs through equity or equity -like instruments. The investment team works together with the management teams of the portfolio companies to generate attractive long-term results. We seek investment opportunities in situations where a combination of management quality, sector dynamics and the fundamentals of the particular company indicate that the expected risk-adjusted return is attractive We are interested in a broad spectrum of sectors, with a focus on companies with a proven track record, strong export potential or import substitution capability, unutilized production capacity and the potential to grow profitably We provide much more than capital: we take an active support approach with portfolio companies trying to add value by enhancing good governance, improving operational efficiency, and helping unleash the talents of management and employees. In this we enjoy the support of seasoned advisors who have served in senior positions in the sectors.

The members of the Investment team have more than 100 years of combined and complementary experience in private equity, corporate and investment banking, and operations both in Greece and abroad. They have worked with numerous large and medium sized Greek companies and they command an extensive knowledge of the SME sector. The investment team’s experience and strong network aided by a board of directors and our advisors team provide an edge in identifying attractive companies who need a partner such as Diorama.

Board of Directors

Panagiotis Alexakis : Chairman (Non-Executive)
Nicos J. Koulis: Vice Chairman, CEO
Giorgos Marinos : Member (Non-Executive)
Nicos Aliprantis: Member
Konstantinos Dermanis: Member
John Kalantzis: Member
Alexandros Katsouridis: Member

Dr. Panayotis Alexakis, is a Professor of Business Economics and Markets at the National and  Kapodistrian University of Athens, while he has also taught in the past at the University of the Aegean, the Hellenic and the Cypriot Open University. Throughout his career, Dr. Alexakis has held executive roles with the Ministry of Finance, the Bank of Greece, the Athens Derivatives Exchange (Chairman & CEO, 1998-2004), the Athens Stock Exchange (Chairman & CEO, 2000-2004) and the Hellenic Capital Market Commission (member of  the BoD, 2000 – 2004). Dr. Alexakis is a scholar of the “Alexander S. Onassis” Public Benefit Foundation.

George Marinos has been working in the the Greek banking sector since 1984. He was a
founding member of the Euromerchant Bank (today Eurobank) since 1990 where he served
as General Manager of Corporate Banking (2005-2014) and as member of BoDs of numerous
of its subsidiary companies in Greece and SE Europe (1999-2017). He was also a member of
the BoD of Hellenic Republic Asset Development Fund and chairman of the Audit Committee
(2017-2021) while at the same time he served as Chief Restructuring Officer (on behalf of
Syndicated Loan Banks) in Lavipharm SA.

Today, Mr. Marinos participates as a member in the Liquidation Committee of the Bank of
Greece and in the BoDs of Deca Investments AIFM, Bioiatriki SA, WS Karoulias SA and Adam
Pack SA.

He holds a BA in Industrial Economics from the University of Nottingham (1980) and an MBA
from the University of Warwick (1983).