In ECM Partners, the investment fund of Cypriot interests, the largest marble company in Greece.
According to information from “K”, ECM Partners on Thursday January 12 bought PAVLIDIS Marmaras, Granites in Greece which was founded in 1980 in Drama. The company that was acquired by the Cypriot interest fund, makes approximately 60 million euros in profits annually and while the price of the acquisition has not been disclosed, it is understood that the figure is in three digits.
As stated on the Pavlidis website, it has quarries mainly in Northern Greece but also in neighboring countries and produces more than 300,000 tons of raw marble volumes per year. At the same time, Pavlidis has photovoltaic parks with a power of 10 MW and wind parks with a power of 70 MW respectively, which are located in N. Greece.
ECM Partners Inc, it is recalled that it is the main shareholder of FAMAR, since together with York Capital Management (York) they acquired the Greek pharmaceutical, health and cosmetics industry in 2020. At the same time, Elements Capital Management (ECM) owns Londa Residences, luxury residences in Limassol, while they have recently been “flirting” for the acquisition of Polyclinic Hygeia, the private hospital in Limassol.
ECM is an investment company that operates in the alternative investment market and whose funds target specialized investment opportunities in the credit markets.