His dream Nikos Moutsurufi to see the Mailo’s to acquire presence in USA It now acquires another ally. Its entry Halcyon Equity Partners in the stock composition of the pasta chain comes at a time when the company attempts to pass into a new phase of development, having already opened her first store in Canada and drawing the next steps in North America.
Narin more than 50 stores in Greece and abroad, presence in Cyprus, Lebanon and Jordan, but also its first store in Toronto to have already made sense, Mailo’s attempts to turn a hGreek concept of fast focus, based on fresh pasta, a brand with an international print.
According to newmoney information, the investment scheme gained a percentage of just over 20% of the company through the purchase of shares from existing shareholders. The transaction took place with the founder of Mailo’s as well as VG Holding of Vlassis Georgato, which had entered the company in 2024 and then It increased its participation to 35%.
For Nikos Moutsourufis, the US was from the beginning on the horizon of Mailo’s. Like says in newmoney, the prospect of the American market was at the heart of the development plan as early as the company. The difference is that today the chain has the experience, size and partners needed to attempt the next step.
The first test is carried out in Canada. The Toronto store is the springboard for North America. The preparation for the project had already begun fromNovember 2025 establishing Mailos Canada Inc., the subsidiary which took over «Run» the development of the company in the region. Already two other points are planned on the Canadian market, While the administration is looking for the first locations in the US, with interest focused on shopping centers, high-visit points and campuses.
This prospect is exactly the one that attracted Halcyon's interest. For the investment scheme, Mailo’s is not just a successful focus chain, but a company that is in front of a new stage of development.
Mailo’s founder cuts the ribbon at the opening of the first store in Toronto
The fund and the bet
For Halcyon, the investment does not simply concern a growing focus chain. The Eleni Bathianakis, managing partner of the fund, reports to newmoney that Mailo’s collected all the features the investment company seeks: a strong founding group, a diversified product, identifiable brand and potential for international development.
She has known Nico Moutsourufis for years through Endeavor's network and appreciates that the company has now passed through the phase of creation in that organized escalation. As he notes, Mailo’s already has a strong base and is at the point where it can attempt its next big step outside Greece.
This acquaintance allowed Halcyon to closely monitor the company's progress in recent years and to make a clear picture of its prospects.
Mailo’s is not an individual option for Halcyon. The investment scheme has been placed in recent years in Greek companies with a strong outward orientation and prospects for international development, with a typical example of Ergon Foods. It is no coincidence that in both cases Halcyon chose to invest in Greek brands attempting to transform a successful local concept into an international presence.
Mrs.Bathianakis also notes that the company did not seek funds to finance its operation. On the contrary, it has strong profitability, is well capitalised and has no bank loan. Halcyon’s role is therefore not limited to equity participation, but extends to the development of new markets, the organizational strengthening of the company and the creation of the structures needed for a much larger international presence.
The first store in Canada opened its doors on June 12. Three other stores are at the gates.
From Georgatos to Halcyon
Halcyon is not the first investor to see potential in Mailo’s. Two years earlier Vlassis Georgato's entry had preceded, marking the first major share change in chain history.
In 2024, VG Holding of Vlassis Georgato entered the company's shareholder composition, initially obtaining 20%. In April 2025 the company exercised the relevant option option agreed, increasing its participation to 35%.
The new transaction is of particular interest asHalcyon acquired a percentage by buying shares from both the founder and VG Holding., which means that the two existing shareholders remain in the scheme, while another strategic partner is added for the next development phase.
So, in the next stage of development of the company there will be the creator of the concept, an investor with experience in the organised focus and a private equity fund specializing in the development of Greek businesses with international ambitions.
The sizes behind the development
Behind the interest of investors is a company that in recent years has been developing rapidly, without sacrificing its profitability.
According to the financial statements for the year 2025, turnover increased to EUR 6,58 million from EUR 4,79 million a year earlier, recording 37% rise, The management is responsible for the expansion of the franchise network, the integration of new partners and the increased performance of existing points.
At the same time net profits amounted to EUR 3,78 million EUR 2,72 million in 2024, while the pre-tax profits amounted to EUR 4,89 million.
The development of the network was not accompanied by a compression of profitability. On the contrary, the margin before tax was set at impressive 74%, performance that largely explains why the company attracted interested investors.
Without a bank loan and a strong capital base, Mailo’s was not looking for funds to finance its operation. He was looking for partners to accelerate its development. At this point, the company's aims were met with Halcyon's strategy, which manages funds of EUR 208 million and invests in Greek companies with growth prospects.
From Jordan to the US
North America is not the first international market for Mailo’s. The chaina has already developed a presence in Cyprus, Lebanon and Jordan, markets that operated as a test and adaptation field for the development model outside Greece.
Nikos Moutsourufis says in newmoney that the experience of Jordan, a market that characterizes cosmopolitan and with significant consumer dynamics is particularly positive. Experience from these markets was a valuable asset before the opening decision in North America.
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