Epsilon Net Bundle
Who Owns Epsilon Net?
Understanding Epsilon Net's ownership is key to grasping its strategy and market position. A significant tender offer in August 2024 by GINGER DIGITAL BIDCO marked a major shift in its control structure.
Epsilon Net, founded in 1999, is a prominent Greek firm specializing in business software. Its journey began with a vision to lead in IT, digital content, and vocational training.
As of July 2025, Epsilon Net boasts a market capitalization of $0.68 billion USD. The company has expanded significantly, now employing over 1500 people and collaborating with 500 partners across Greece. Their offerings include ERP, CRM, HR & Payroll, retail management, cloud services, and e-invoicing solutions, serving clients in Greece, Cyprus, and Romania. For a deeper look at their market positioning, consider the Epsilon Net BCG Matrix.
Who Founded Epsilon Net?
Epsilon Net was established by Ioannis Michos, who currently holds the positions of Founder, Chairman, and Managing Director. His academic background includes a degree from the School of Highest Industrial Studies of Thessaloniki and a postgraduate qualification in Banking Finance, alongside his membership in the Association of International Accountants (A.I.A). Michos's early career as an Economist and Financial Consultant provided a strong foundation for the company's strategic development.
Founder and Visionary
Ioannis Michos is the driving force behind Epsilon Net, serving as its founder and guiding its strategic direction. His vision has shaped the company's trajectory since its inception.
Early Career Foundation
Michos's experience as an Economist and Financial Consultant was instrumental in building Epsilon Net. His expertise in corporate finance and tax planning laid the groundwork for the company's innovative approach.
Significant Ownership Stake
Ioannis Michos maintains a substantial ownership in the company, reflecting his foundational role. This significant stake ensures his continued influence over the company's operations and future plans.
Leadership and Control
As Chairman and Managing Director, Michos actively leads the Epsilon Net Group of Companies. His dominant shareholding underscores his control and commitment to the company's ongoing success.
Educational Background
Michos's academic qualifications, including a postgraduate degree in Banking Finance, provide a strong analytical base. His education complements his practical experience in financial management.
Founding Principles
While specific early ownership details are not widely publicized, Michos's significant stake suggests a clear vision from the founding team. This reflects the initial strategic direction and commitment to growth.
Ioannis Michos is the primary owner of Epsilon Net, holding a significant 55.42% of the company's shares, which amounts to 30,035,000 shares. This substantial ownership stake highlights his pivotal role since the company's inception and his continued leadership as Founder, Chairman, and Managing Director. While the specifics of early equity distribution among founders or initial investors are not extensively detailed in public records, Michos's majority ownership clearly indicates his enduring control and influence over the company's strategic decisions and overall direction. For a deeper understanding of the company's origins, one can refer to the Brief History of Epsilon Net.
Epsilon Net Ownership Structure
The ownership of Epsilon Net is largely concentrated in the hands of its founder, Ioannis Michos. His substantial shareholding dictates the company's strategic direction and operational control.
- Ioannis Michos holds 55.42% of Epsilon Net's shares.
- This equates to 30,035,000 shares owned by Michos.
- Michos serves as Founder, Chairman, and Managing Director.
- Early ownership details are not extensively publicized.
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How Has Epsilon Net’s Ownership Changed Over Time?
The ownership of Epsilon Net has seen significant shifts, notably following its public trading status and a substantial acquisition event. These changes have reshaped its stakeholder landscape and operational control.
| Stakeholder | Pre-Acquisition Stake | Number of Shares (Pre-Acquisition) |
|---|---|---|
| Ioannis Michos | 55.42% | 30,035,000 |
| National Bank of Greece | 7.50% | 4,065,000 |
| Barca Global Master Fund | 7.03% | 3,808,394 |
| Other Shareholders (<5%) | 30.05% | 16,291,606 |
In August 2024, GINGER DIGITAL BIDCO initiated a cash offer for Epsilon Net SA shares at EUR 12 per share. This tender offer, which concluded on August 2, 2024, resulted in GINGER DIGITAL BIDCO acquiring a controlling interest of 95.63% of Epsilon Net SA's share capital. This acquisition led to the company's delisting from certain indices due to its free float falling below the 15% threshold, fundamentally altering the Epsilon Net ownership structure.
Key Epsilon Net Ownership Details
GINGER DIGITAL BIDCO now holds the majority of Epsilon Net SA shares following a tender offer. This has significantly impacted the company's public trading status and ownership distribution.
- As of July 2025, Epsilon Net's market capitalization stood at $0.68 billion USD.
- GINGER DIGITAL BIDCO acquired 95.63% of Epsilon Net SA's share capital.
- The tender offer for Epsilon Net SA shares was made at EUR 12 per share.
- The tender offer expired on August 2, 2024.
- The company's free float dropped below 15%, leading to delisting from some indices.
- Prior to the acquisition, Ioannis Michos was the largest shareholder with 55.42%.
- Understanding these shifts is crucial for analyzing the Revenue Streams & Business Model of Epsilon Net.
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Who Sits on Epsilon Net’s Board?
The current board of directors for Epsilon Net is led by Ioannis Michos, who serves as both Chairman and CEO. Panteleimon Manis holds the position of Vice Chairman, and Vasiliki Anagnostou is the Deputy CEO. This leadership structure suggests a strong presence of the company's founder and key executives within its governance.
| Director Name | Position | Affiliation/Role |
|---|---|---|
| Ioannis Michos | Chairman and CEO | Founder, Executive Leadership |
| Panteleimon Manis | Vice Chairman | Executive Leadership |
| Vasiliki Anagnostou | Deputy CEO | Executive Leadership |
As of August 2024, GINGER DIGITAL BIDCO holds a substantial 95.63% stake in Epsilon Net's share capital. This significant ownership percentage grants GINGER DIGITAL BIDCO considerable, if not complete, control over the company's strategic decisions and operational direction. While the specific voting rights structure is not detailed, such a majority ownership typically translates to the power to appoint board members and influence all significant corporate actions, effectively determining the direction of Epsilon Net. There have been no widely reported governance disputes or activist campaigns concerning Epsilon Net's ownership structure during the 2024-2025 period.
Understanding Epsilon Net's Ownership and Control
The ownership structure of Epsilon Net is heavily concentrated, with a single entity holding the vast majority of shares. This concentration of Epsilon Net ownership significantly impacts the company's governance and strategic decision-making processes.
- GINGER DIGITAL BIDCO is the primary owner of Epsilon Net, holding 95.63% of the share capital as of August 2024.
- Ioannis Michos, the Epsilon Net founder and CEO, is a key figure in the company's leadership.
- The dominant ownership stake held by GINGER DIGITAL BIDCO implies significant control over Epsilon Net's operations and future direction.
- Understanding the Target Market of Epsilon Net is crucial for appreciating the company's strategic positioning within its sector.
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What Recent Changes Have Shaped Epsilon Net’s Ownership Landscape?
Over the past few years, Epsilon Net's ownership has seen significant shifts driven by strategic acquisitions and a major tender offer. These events have reshaped its shareholder base, moving it towards a more concentrated ownership structure.
| Acquisition/Event | Year | Details |
|---|---|---|
| Scan Acquisition | 2023 | Acquired 60% stake for $5.53 million |
| Epsilon HR S.A. Acquisition | 2023 | Purchased remaining 35% for €4,000,000.00 |
| Orosimo Acquisition | 2023 | Acquired for $1.46 million |
| Taxheaven Acquisition | 2022 | Acquired for $1.8 million |
| Digital4u Acquisition | 2022 | Acquired for $543,000 |
| Share Buyback Program | June 2023 | Approved to acquire up to 5% of share capital by June 30, 2024, at a maximum price of €20.00 per share |
| GINGER DIGITAL BIDCO Tender Offer | August 2024 | Resulted in holding 95.63% of share capital |
The tender offer by GINGER DIGITAL BIDCO in August 2024 marked a pivotal moment, consolidating ownership to 95.63% of Epsilon Net's share capital. This has led to a substantial reduction in the company's free float and its subsequent removal from certain market indices. This consolidation aligns with a broader industry trend of strategic investors acquiring controlling stakes in technology firms, indicating a potential move towards private control for Epsilon Net.
Recent Acquisitions Driving Growth
Epsilon Net has actively expanded its portfolio through strategic acquisitions. In 2023 alone, it acquired stakes in Scan and Epsilon HR S.A., alongside Orosimo, demonstrating a clear growth strategy.
Consolidation of Ownership
The tender offer by GINGER DIGITAL BIDCO has significantly concentrated Epsilon Net's ownership. This shift from broader public ownership to a majority stake held by a single entity is a key development in understanding who owns Epsilon Net.
Shareholder Value Initiatives
The company's approved share buyback program in June 2023, allowing for the acquisition of up to 5% of its share capital, signals a commitment to enhancing shareholder value. This initiative was set to conclude by June 30, 2024.
Impact of Tender Offer
The August 2024 tender offer by GINGER DIGITAL BIDCO has fundamentally altered Epsilon Net's ownership structure. This move has implications for its public trading status and overall market presence, reflecting a strategic consolidation of control.
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- What is Brief History of Epsilon Net Company?
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- What is Growth Strategy and Future Prospects of Epsilon Net Company?
- How Does Epsilon Net Company Work?
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- What is Customer Demographics and Target Market of Epsilon Net Company?
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