Kayak enters into a strategic partnership with Halcyon Equity Partners and plans the next phase of its growth.
After more than three decades of continuous growth and the creation of strong brands in the premium ice cream market, Kayak is entering a new strategic phase. The company announces its partnership with Halcyon Equity Partners S.C.A. SICAR («Halcyon Equity Partners»), which is acquiring a significant stake in its share capital, with the aim of accelerating its growth trajectory in Greece and abroad.
Since its founding in 1993 by the Stavridis family, Kayak has followed a steady path of growth, investing in quality, innovation, and Greek production. Today it has evolved into an integrated group in the premium ice cream, frozen yogurt, and dessert space, with three distinct and dynamic brands – Kayak, Chillbox and Goatit – that meet different market needs and appeal to a broad consumer audience.
The company currently has more than 80 company-owned and franchise stores in Greece and abroad, while its products are available at more than 2,000 HoReCa points of sale. At the same time, from its modern production facility in Koropi it develops and produces its entire portfolio, continuously investing in new flavors, know-how, and high quality standards.
The entry of Halcyon Equity Partners represents a strategic partnership that enhances Kayak's ability to implement the next stage of its business plan. The focus is on strengthening the company's international presence, further developing its commercial network, investing in production capacity and innovation, as well as seizing strategic acquisition opportunities that will complement its brand portfolio and strengthen its geographic presence.
The partnership is based on a shared vision for creating long-term value, with the management team and the Stavridis family continuing to play a leading role in the company's journey. With the support of Halcyon Equity Partners, Kayak aspires to further strengthen its position as one of the most dynamic Greek companies in the premium ice cream space and to evolve into an even stronger international player.
Akis Stavridis, CEO of Kayak, stated:
«Kayak has come this far by consistently investing in quality, innovation, and its people. Today we gain a strategic partner who believes in the same vision and can help us accelerate our next steps. The partnership with Halcyon Equity Partners doesn't change who we are· it gives us the ability to become even better. To invest more in our brands, to strengthen our international presence, and to seize new growth opportunities, always keeping at the center the quality that has defined Kayak since 1993.»
Eleni Bathianaki, Managing Partner of Halcyon Equity Partners, stated:
«Kayak combines a strong market position, a resilient business model, and a diversified product portfolio in the premium ice cream, frozen yogurt, and dessert categories. In close collaboration with the founders and the management team, we will support the company's next phase of growth and its further investments in innovation. We are excited to support Kayak's growth trajectory, combining organic expansion with an active strategy of complementary acquisitions, which will strengthen the company's position so it can play a leading role in the consolidation of the sector in Greece and expand its international presence.»
