Sigma Catalyst Partners advised EPAFOS in its acquisition by Quest Holdings


Quest Holdings S.A. acquired  100% of the share capital of the company EPAFOS S.A. Software Systems. This operation was completed against a consideration of € 2.470.000, whereas the total investment may potentially reach € 4.940.000 during the next two years due to the provision of additional disbursements to the old shareholders depending upon the future performance of the company. The specific investment is estimated to contribute approx. € 5.000.000 extra revenue to Quest Group on an annual basis, with an EBITDA margin of nearly 10%.

The company “EPAFOS” has been developing integrated information systems to streamline the management and operations of educational organizations for the past 30 years. It holds a leading position in its market segment with a customer base of 3.000 active customers in the sector of education and a market share of approx. 80% offering a wide range of IT solutions and related services.

Quest Group is one of the leading, fast-growing, dynamically developing and financially sound, Greek Group of Companies, with activities in the Information Technology, Postal Services and Green Energy sectors with a presence in Greece, the Southeastern Mediterranean and Europe.

Sigma Catalyst Partners, our Partner in Greece,  originated and acted as the exclusive M&A advisor to EPAFOS in this transaction.

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