Brookstreet backs NanoPhos

The company will use the fresh capital to consolidate its market position in Greece and the rest of Europe, and support its international expansion, especially in Asia. In addition to this, the business will consider listing on an international stock exchange in the coming three to five years.

Recently established private equity firm Brookstreet is currently investing via its first fund, which targets Greek companies with revenues between €1-25m, and acquires majority or controlling minority stakes. The vehicle plans to make 5-10 investments by deploying up to €10m per deal and will use minimal or no debt in its transactions.

Company
Founded in 2005 and based in Lavrio, NanoPhos specialises in producing nanotechnology coatings and paints used in thermal insulation for buildings, performance enhancement for photovoltaic panels, antibacterial protection for hospitals, anti-corrosion and anti-fouling for maritime materials. The business has a market presence in 25 countries worldwide and employs around 30 staff.

People
Brookstreet Equity Partners – Omiros Sarikas (managing partner).
NanoPhos – Ioannis Arabatzis (CEO).

Advisers
Acquirer – Papapolitis & Papapolitis (legal); Grant Thornton (financial due diligence); Candesic (commercial due diligence).
Vendor – Kostakopoulos & Associates (legal); Delta Partners (corporate finance).

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• Topics
• Expansion
• Southern Europe
• Industrials
• Greece
• Grant Thornton
• Delta Partners