EOS Hellenic Renaissance Fund II (EHRF II) invests in Megas Yeeros
EOS Hellenic Renaissance Fund II (EHRF II) invests in Megas Yeeros
EOS Hellenic Renaissance Fund II (EHRF II), managed by EOS Capital Partners (EOS), announces its first investment in Megas Yeeros, a global leader in the production of authentic Greek gyros and other high-quality meat products.
About Megas Yeeros
Founded in 2007 by Nikos Loustas, Megas Yeeros is a pioneering company that has transformed the traditional meat industry. Headquartered in Aspropyrgos, Attica, the Company operates two state-of-the-art production facilities: a 108,000 sq. ft. unit in Greece and a 54,000 sq. ft. facility in New Jersey, USA, established in 2014. These dual production hubs enable the company to serve a global clientele with efficiency and consistency.
The Company has embraced innovation at the core of its operations, being the first in the industry to incorporate robotics into the production of handmade gyros.
With a strong commitment to quality, safety, and ethical business practices, Megas Yeeros has obtained multiple international food certifications and actively supports local communities. The Company also follows sustainable environmental practices including energy-efficient production, recycling, and waste minimization initiatives.
Megas Yeeros has successfully established a global presence, exporting to 23 countries across five continents. The Greek production unit primarily serves Western and Northern Europe (accounting for 83% of FY24 sales), while the U.S. facility supplies markets in North America, Panama, and the Middle East (17% of FY24 sales).
In 2024, Megas Yeeros recorded approximately €66 million in revenue and €6.3 million in EBITDA, with around 42% of total sales generated from international markets, highlighting the company’s strong export orientation and growing global footprint.
The Company’s R&D team plays a strategic role in developing new product concepts that meet evolving consumer trends while staying true to the essence of Greek cuisine. Collaborations with leading academic institutions and in-house custom equipment development further enhance product differentiation and production efficiency.
A key strength of Megas Yeeros lies in its diversified go-to-market strategy. The Company has built a strong foothold in the HoReCa (Hotel/Restaurant/Café) channel, which represents the majority of its revenue. In parallel, it maintains a selective presence in national supermarket chains, minimizing revenue concentration risk and maximizing brand value.
EHRF II’s investment aims to support Megas Yeeros in accelerating its international expansion, scaling up production capabilities, and further investing in innovation and sustainability initiatives, all while promoting authentic Greek casual dining across the globe.
About EOS
EOS is the external Alternative Investment Fund Manager of EHRF II, a private equity fund with 219m in AUM, focusing on growth capital investments in Greek SMEs across all sectors.
EOS investment strategy focuses on SMEs with a healthy financial position and a solid value proposition looking for capital to achieve their growth potential either organically or inorganically through mergers and acquisitions.
