Foreign investors sniff out opportunities in Athens

Foreign investors sniff out opportunities in Athens

By Ilias G. Bellos

A flurry of foreign institutional and private investors representing private equity funds, distressed asset funds and official sector investment schemes, as well as Greek investors from abroad, has been observed in Athens in recent days.

According to well-informed sources, representatives of the state-funded China Investment Corporation (CIC) are in contact with Greek businesspeople, eyeing the acquisition of trademarks recognizable in Europe and the US. The talks are reportedly at an advanced stage
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Greylock Capital Management, which became known through its placements in Greek sovereign bonds, is also reported to have sent representatives to Athens, as has French investment bank Montpelier Capital, which is focusing on small and midsized (but large by Greek standards) firms. Greylock and Montpelier, along with Owl Creek Asset Management, which represents hedge funds and private investors, participated in visits earlier this year to Greek-listed companies organized by investment banking boutique Exotix and Beta Securities.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_04/04/2012_436544