HIG Capital's OB Streem is in advanced negotiations to acquire logistics providers Med Frigo and Eurofreight, targeting deeper market penetration and enhanced service offerings in the logistics sector.

Information on the Targets

OB Streem, through its backing from HIG Capital, is in advanced negotiations to acquire two prominent logistics providers, Med Frigo and Eurofreight. Med Frigo, a Greek company supported by private equity, specializes in cold chain logistics, boasting shareholders such as Elikonos, EOS Capital, and Antonis Mavridoglou. For the fiscal year 2024, it projects revenues of €63.8 million, an EBITDA of €12.5 million, and a net income of €5.4 million.

Eurofreight, based in Cyprus, offers customs brokerage and international logistics services, showing a robust presence in the logistics sector across the region.

Industry Overview in Greece and Cyprus

The logistics sector in Greece has experienced significant growth, driven by the country's strategic geographic location as a gateway between Europe, Asia, and Africa. This has led to an increase in demand for logistics solutions, particularly