Professional Documents
Culture Documents
TANEO presentation 4-2011-ΧΑΡΙΤΑΚΗΣ
TANEO presentation 4-2011-ΧΑΡΙΤΑΚΗΣ
Vision
TANEO’s vision for the future is to use the experience and household name that has
been achieved over the past years, in order to further assist development in the
Greek Economy. The current financial crisis that the country is experiencing,
highlights a number of areas that need to be explored and we have the ability
become useful
Endgame
To shift financial backing from public to private sector by involving privately managed
funds-of-funds to select the best European VC funds and sell their potential to
investors across the world
Investment Policy Drivers
Target a reasonable and sustainable IRR on the long term for our sponsors and
investors
Technology
Agribusiness
Nutrition
Eco business
Other opportunities
2005
th
4 Investment, Pancreta Ventures
(Currently AIMS Management)
2004
nd
2 Investment, Zaitech Fund
rd
3 Investment, IBG Hellenic Fund II
2003
TANEO’s Bond Issue Vintage Year - €150.000.000
Under management 1st investment Capital
Connect Venture Capital Partners
2001
Establishment of TANEO S.A.
TANEO Structure
Hellenic Republic
Trustee Guarantee
EUR105m
TANEO’s Notes are listed on the Irish Stock Exchange as floating rate notes with a
final maturity date in 2013
TANEO has co-invested its resources with 11 out of the 18 members of the Hellenic
Venture Capital Association.
TANEO is providing quarterly reports for all its funds, according to EVCA reporting
guidelines, to its investors, via its Trustee, Deutsche Trustee Limited.
Human Capital
TANEO’s operating resources include:
Our investment and operational professionals, work closely with management teams
of the funds at all phases of our investment decisions. During diligence, we work with
fund management to develop a shared vision for the business by defining the most
important drivers
Our professionals monitor the progress and the performance with the fund
management and intervene when necessary, with respect to the engagements and
agreements of all parties
We, in TANEO, believe the sense of partnership, team work, integrity and diversity
are critical elements for success. While portfolio companies vary in sectors and stage
development, out teams’ network, our internal and external resources, are available
to support and assist in executing strategic plan wherever and whenever needed
Implementation
Draw Downs:
Invested Funds
Ionia Energiaki 96 MW 2006 Central Greece Biokid Biological baby foods 2010 Central Greece
Aigaias Anaptyxiaki 87 MW 2006 Southern Greece Craft Microbrewery Handcrafted beer 2008 Central Greece
Thermi Energy 57 MW 2009 Northern Greece Piraiki Microbrewery Biological fresh beer 2009 Central Greece
Southern
Thermi Renewable 2010 Northern Greece Greece
Dipyrites Handakos Mediterranean products 2010
AGRI BUSINESS
Faros Energy 0.75 MW 2009 Northern Greece
Northern
Mediterra Mastihashop & products 2005 Greece
Solar Cells 2006 Southern Greece Northern
Aims Solar 3.5 MW 2010 Southern Greece Krokos Kozanis Krokos products 2007 Greece
Southern
Solar Datum 3 MW 2010 Southern Greece Panagopoulos Agri-Farm 2010 Greece
The lack of a critical mass of “venture minded” LPs that over the years
consistently commit capital to Greek VC is due to:
At the same time, however there is also increased lack of visibility, risk and
uncertainty, which holds back investment decisions and naturally brings out cautious
and risk-averse instincts of investors
In this environment TANEO is the only actual source of equity available to SMEs in
the Greek Market.
Hence, TANEO is preparing for its next step given this new status of the market
Barriers in Attracting Private Investors
Management company
TANEO + Bank & Market professionals
Synergies – Extraversion
Hands-on
Banks’ management
Cherry picking
portfolios of Built on
companies Investing in leaders
experience