British private-equity firm Hg has agreed to acquire a majority stake in Greek business software provider Entersoftone (ES1), valuing the company at slightly more than one billion euros in a deal that marks Hg’s first investment in a Greece-based company.
Hg will acquire 70% of Entersoftone, while Olympia Group, Imker Group and the company’s management team will retain significant minority stakes. Entersoftone is a leading provider of enterprise resource planning and business software in Greece, with operations extending across southeastern Europe.
The investment comes as international investors continue to show strong interest in Greek companies, particularly businesses with established market positions and opportunities for further expansion. Hg said its investment will support Entersoftone’s transition to cloud-based services and increased investment in artificial intelligence, including through a dedicated AI engineering team.
The transaction is the latest in a series of large-scale investments involving Greek companies across technology, energy, food and other sectors.
The broader shift in the market is notable, given that Greece’s M&A activity is no longer dominated by distressed-asset transactions associated with the financial crisis years but increasingly includes strategic investments in companies with growth prospects and regional ambitions.
The trend was particularly pronounced in 2025.
According to PwC Greece, 181 M&A transactions worth a combined 23.8 billion euros were completed, the highest level of activity since 2008. “Megadeals” accounted for a significant share of the market, while more than seven billion euros in transactions were already under way or at an advanced stage in early 2026.
Technology has been among the sectors attracting increasing attention, alongside energy and renewable energy, financial services, industry and food and beverages. The pattern reflects a broader maturation of the Greek investment market, with international capital increasingly targeting companies capable of scaling beyond the domestic market.
The Entersoftone transaction also follows a series of major deals that have reshaped Greece’s corporate landscape, including large transactions involving OPAP, Intralot, Hellenic Bank and renewable-energy assets. PwC has described the recent deal flow as evidence of Greece’s transition toward a more mature investment cycle rather than simply a short-term surge in transactions.
Perutnina, part of Ukrainian group MHP owned by billionaire Yuriy Kosiuk, acquired a 70% stake in Nitsiakos in one of the biggest deals of recent months.
Among the most prominent recent deals was the acquisition of 70% of poultry producer Nitsiakos by Perutnina, part of Ukrainian group MHP, controlled by billionaire Yuriy Kosiuk. The transaction, approved in late July, is expected to affect competition in Greece’s poultry market, with MHP bringing potential advantages in feed procurement, technology and operating costs.
Another major transaction was the acquisition of aquaculture group Avramar by Canadian company Cooke, following a prolonged sale process. Cooke founder Glenn Cook’s subsequent appearance in Athens was viewed in the market as a signal of a shift from restructuring toward development.
The Bally’s-Intralot transaction with Evoke was another of the major deals of recent months.
