DECA: New investment of € 5.4 million to Lariplast

Deca Investments AIFM, exclusive administrator of Diorama Investments Sicar (“Diorama” or “Fund”), announces that has completed the sixth Fund’s investment: the acquisition of a strategic minority shareholding of the Λαριπλαστ SA (“Lariplast” or “Company”) instead of the amount of five million four hundred thousand euros.

Lariplast, founded in 1969, is occupied in the sector of manufacturing and distribution of plastic disposable consumer products such as plastic cups and lids for plastic cups and bowls. The Company maintains two manufacturing units, the first one in Larissa and the second one in Marle, on the north-eastern part of France. The Company exports in 20 countries and occupies 126 employees both I Greece and France. In 2017, the Company’s sales raised up to 27million euros, 70% part of which resulted from exports.

By Diorama’s investing in Lariplast, continues to strengthen Greek companies with good quality features such as a strong management team, good performance history and extrovert profile. Through Diorama’s investments, companies are implementing their investment plan while creating new jobs positions.

1.Mr. John Tserpas, Managing Director of the Company stated:

“Lariplast, through this agreement, shields its already strong foundations both in Greece and abroad, aiming at its further development and internationalization. We remain committed to expanding our international presence and to our steady strategy: " we produce - we export - we win - we invest "
Mr. Konstantinos Dermanis, Partner of DECA Investmnts ΑΕΔΟΕΕ stated: “We are particularly excited about our recent investment in Lariplast, a dynamic plastic disposables’ company. Lariplast has a strong administration, high growth and significant extroversion. Lariplast has made the majority of its revenue resulting from abroad, from countries like France, Israel and Italy. It is also noteworthy that the Company has set up production facilities in France in 2012, thus operating one of the most modern factories in Europe today. The Company’s aim is to continue to invest in production facilities and good quality human resources in order to accelerate its development and expand its international character. We believe that together with our help, Lariplast can become a major regional player in Europe. "
Since the completion of its first investment on November of 2015 until today, the Diorama has invested in six dynamically growing companies. Its existing portfolio of companies are occupied in the production and marketing of adhesive tapes (Atlas Tapes), the manufacturing of tomato–based agricultural products (Davamand), digital music (music streaming, Akazoo), digital advertising in cellphones’ applications (in-app advertising, Minimob) the production of paper packaging and lids for dairy producers (Adam Pack) and the production and distribution of women’s clothing, bags, shoes and accessories (Axel Accessories).

Diorama Investments Sicar is a € 135 million Development Fund set up in Luxembourg in September 2014 with a view to investing in equity, mainly through capital increases, in Greek small and medium-sized enterprises. Fund investors are distinguished Greek businessmen as well as Greek and international institutional investors such as the European Investment Fund (EIF), the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). Fund management is carried out by DECA Investments AEDOEE, which has been licensed for this purpose and controlled by the Hellenic Capital Market Commission.

The investment is supported by the European Union through the Equity Facility for Growth program established by Regulation (EU) No 1287/2013 of the European Parliament and of the Council establishing the Program for the Competitiveness of Enterprises and Small and Medium-sized Enterprises (COSME) (2014-2020).

The investment is supported by 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 investment, on creating job positions and growth promoting.