Mergers & acquisitions
Sell-side and buy-side mandates end to end: preparation, valuation, buyer strategy, negotiation and completion.
About Alma Advisors
Independent, partner-led, and accountable to one client at a time.
Alma Advisors is an independent M&A and corporate finance advisory firm focused on the European mid-market, founded in 2020 and operating from Athens and Limassol.
Speak with a partnerWho we are
Local insight,
international execution —
on one side of the table.
Alma Advisors is an independent M&A and corporate finance advisory firm focused on the European mid-market. We advise corporates, family businesses, entrepreneurs and investors on complex strategic and financial transactions.
As the exclusive IMAP partner in Greece and Cyprus, we combine entrepreneurial, partner-led advice with the reach of a global network of independent advisory firms, delivering local insight and international execution for domestic and cross-border mandates.
We serve our clients from our offices in Athens and Limassol.
Why independence is the model
Independence is a structure,
not a slogan.
We do not lend. We do not run a capital markets desk. We hold no proprietary capital and have no products to place. There is no second business inside Alma Advisors whose interests could quietly outrank yours.
That matters most at the moments where advice is actually worth paying for: whether to sell at all, which buyer to take seriously, and when to walk away from a deal that no longer serves you. If our only revenue comes from advising you well, our advice can afford to be uncomfortable when it needs to be.
The trade-off is real and we would rather state it plainly. We cannot underwrite a transaction, and we cannot provide the debt or equity that funds one. Where a mandate needs financing, we introduce lenders and investors and stay on your side of the table while they compete for the business. You gain a firm with no conflict to manage. You give up a one-stop shop.
What we advise on
Every mandate is led by a partner.
Six areas of work, one team. Most mandates draw on more than one of them.
Due diligence
Commercial and financial diligence for acquirers, and vendor diligence — the same review run before you go to market — so a buyer finds no surprises you have not already priced.
Capital raising
Equity from private equity funds, family offices and strategic investors, structured around what the business needs rather than what is easiest to place.
Debt advisory
Structure, lenders and terms for acquisition finance, refinancing and growth capital. We negotiate with the banks; we are not one of them.
Investment appraisal
An independent view on an acquisition, a project or a business plan, for boards and shareholders who need an assessment they can defend.
Credit advisory for investors
Credit analysis and structuring support for funds and investors underwriting Greek and Cypriot exposure.
Member of 
Often, the right buyer is somewhere else.
Combining global sector expertise with specific local knowledge, IMAP provides top-tier Mergers and Acquisitions and Corporate Finance advisory services to mid-market business owners and investors around the world.
Cross-border via IMAP51
Countries
254
Deals closed
$16bn
Transaction value
35%
Cross-border deals
7th
In global ranking
Questions about the firm
Straight answers about how we are built.
If your question is not here, ask a partner directly. There is no charge for a first conversation.
Ask a partnerThe founding partners own the firm outright. There is no bank, fund or external shareholder behind us — which is the reason we can turn down work that would create a conflict, and why nobody upstairs is asking us to cross-sell you anything.
The mid-market: businesses where a transaction is the most significant financial event in the owner’s life, and where the owner is still close enough to the business to shape the outcome. In practice that usually means an enterprise value — the value of the whole business including its debt — in the tens of millions rather than the hundreds. If you are unsure whether you fit, ask; the answer takes one conversation.
IMAP appoints one member firm per country. We are that firm for Greece and Cyprus, so an international buyer approaching the network for either market is introduced to us. It works in both directions: when your buyer is more likely to sit in Munich, Milan or the Gulf, a colleague who works in that market makes the approach rather than us cold-calling into it.
No. We hold no proprietary capital and take no equity in client companies. Our only revenue is advisory fees, so we are never both your adviser and a party on the other side of your transaction.
Speak with us
Start with a conversation, not a mandate.
A first conversation costs nothing and commits you to nothing. One of the partners will reply personally, usually within two working days.
Speak with us