As part of the agreement, OHA will invest up to €115 million, with an additional investment option of up to €200 million over the next two years.
According to the company’s management, this agreement serves as international recognition of IDEAL Holdings' robust investment strategy and its successful trajectory in dynamic sectors with strong brands and high performance. Furthermore, it reaffirms IDH's ability to create value and attract international investors within an upward trajectory that began in 2021.
IDEAL Holdings is now advancing to the next phase of development by acquiring a partner with international investment experience, reach, and presence.
Specifically, within the framework of IDH's agreement with OHA, the following points are highlighted:
- Transaction Premium: IDH is selling a 25% minority stake with a 31% premium, surpassing its balance sheet valuation (€410 million vs. €310 million).
- Valuation Above Current Stock Price: OHA valued IDH's investments at €8.54 per share, significantly higher than the current market price, and paid a premium for acquiring the minority stake.
- Strategic Investment and Collaboration: OHA, a global investment giant, positively evaluates IDH's investment strategy and plans to invest an additional 4% in IDH.
The agreement also serves as a strong vote of confidence in the prospects of the Greek market and Greek entrepreneurship. In collaboration with IDH, OHA is committed to investing an additional €200 million in Greece, bringing the total investment to €300 million.
It is worth noting that Oak Hill Advisors is a leading global investment manager with more than 30 years of investment experience. It manages approximately $88 billion invested across North America, Europe, and other regions, focusing on long-term partnerships. Oak Hill Advisors is part of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW), a global investment management organization with $1.6 trillion in assets under management.
