Our Track Record

Lomar Shipping acquired Bremen, Germany-based Carl Büttner Holding GmbH & Co. KG. The acquisition of the 166-year-old shipowner and manager is Lomar’s next step to further diversify and grow its fleet.

Libra Group signed the United Nations Women’s Empowerment Principles, marking an important step to promote gender equality and women’s empowerment in the workplace, across industries, and the global community.

Effective October 2022, Manos Kouligkas, a 10-year veteran of Libra Group, appointed as Chief Executive Officer (CEO), elevating Chairman and CEO George M. Logothetis to the role of Executive Chairman. Kouligkas was an integral part of the development and expansion of Lomar.

LCI signed an agreement with BETA TECHNOLOGIES to acquire up to 125 of the company’s electric vertical take-off and landing (eVTOL) aircraft. Dubbed the “battery that flies” by the New York Times, the ALIA-250 aircraft is a gamechanger in the future of clean energy aviation.

Libra Group announced strategic investment in green energy company, GreenMet, which leads the infrastructure development of sustainable supply chains for rare earth elements and critical minerals, such as green steel, to meet U.S. and greater North American green energy and technology needs.

LCI acquired Nova Capital Aviation (Ireland) Ltd, substantially expanding its business to over 140 rotary and fixed-wing aircraft and increasing its fleet proportion of deployments in emergency medical services (EMS), search and rescue (SAR), off-shore wind and utility to over 80%.

Aviation arm LCI exceeded the landmark of $1 billion of financings since 2019, comprising 25 transactions sourced from over 20 different financial institutions, and covering multiple aircraft on lease from LCI.

Aware of its responsibility to the environment, people and the communities among whom it works, Libra published a new sustainability and corporate responsibility commitment with credentials and impact analysis through nine established social programs.

LCI launched a landmark $230m joint venture with Sumitomo Mitsui Finance & Leasing. The JV has initially acquired 19 next generation helicopters. LCI is both the co-investor and manager of the aircraft.

LCI established a new co-investment vehicle with Thora Capital and RIVE Private Investment covering nine helicopters valued at over US$100m and deployed in Australia and the USA.

The Aria Hotels portfolio in Greece reached 30 properties with the latest addition of the Patriarca boutique hotel on Sifnos, constructed in 1650, and completing Aria’s presence on all four islands of the Western Cyclades.

Greenwood Sustainable Infrastructure completed two solar project portfolio financings with ORIX Corporation USA After eight years of operation Greenwood had developed 36 solar energy projects across eight U.S. states in excess of 100 MW.

In just one year, one of our social programs, the HOME Project, opened 11 shelters accommodating 220 child migrants with educational and social support, creating 130 new jobs, and attracting millions of dollars in funding from founding sponsor Libra, the IKEA Foundation and the Shapiro Foundation.

Greenwood Sustainable Infrastructure acquired two Combined Heat & Power (CHP) plants. Both plants are based in Millennium hotels in Manhattan, New York, and convert natural gas into electrical and thermal energy with far greater efficiencies than the electrical grid.

Adding to the USA sustainable energy portfolio, we acquired L’Anse Warden Electric Co power plant on the shores of Lake Superior in Michigan. The plant has been a major employer in the area since 1959. It is now part of Greenwood Sustainable Infrastructure.

LCI increased its fixed-wing fleet with two Boeing 747-400F main deck freighters on lease to Middle Eastern airlines with Turkey’s myCargo, in addition to existing freighter contracts with Singapore Airlines.

Joined the My Brother’s Keeper Alliance, a nonprofit addressing educational challenges for boys and young men of color in the US.

LCI closed financing facility for US $325 million with additional $100 million optional increase. The funds will be used to expand the company’s helicopter fleet.

Libra Group announced that it is the principal investor in 50% of COCO-MAT, a leading manufacturer of specialist mattresses, other natural sleep products and furnishings. The landmark deal is one of the most significant inward investments in a Greek retail company during the economic crisis.

Lomar continued its fleet expansion with the addition of six container ships to its fleet, the declaration of options on its newbuilding orders as well as the placement of new orders for bulk carriers from the COSCO shipyard in China, taking the company’s fleet to over 60 vessels.

Our South American real estate division signed a $270m landmark joint venture with Hyatt Hotels Corporation to develop and own nine Hyatt Place hotels throughout Brazil.

Launched the annual Hellenic Entrepreneurship Award (now Envolve Entrepreneurship) on behalf of the Hellenic Initiative. With a commitment of €10 million to the program, Libra Group helped provide entrepreneurs in Greece with the chance to receive funding for a new business venture, plus mentoring and support.

Lomar placed an order for up to six new ‘Ultramax’ bulk carrier vessels with COSCO of China and up to six 1,100 TEU container ships from China’s Yangzijiang Shipbuilding (Holdings) Ltd and up to six new design container ships from the Guangzhou Wenchong Shipyard in South China.

On 20th September, 2011, President George W. Bush gave the keynote address at the inaugural Concordia Summit, sponsored by Libra Group. This counter-extremism conference was attended by heads of state, business leaders, government officials and counter-terrorism experts.

Representing the group’s first significant involvement in the media and entertainment industry is Los Angeles-based Principal Media. In 2011, the company was nominated for an Emmy Award for its TV series First Ascent in the ‘Best Camerawork, Sports’ category. The series, which profiles extreme adventure athletes, aired on the Travel Channel in the U.S. and on National Geographic throughout the world.

Entered the US energy market with investment in waste-to-energy, solar and CHP plants. Today our US-based renewable energy subsidiary, Greenwood Sustainable Infrastructure, develops, invests in, and manages sustainable infrastructure assets throughout North America. The company later expanded into South America as Greenwood Energy.

Expansion of Libra’s global corporate presence with the addition of offices in Beijing, China and Hamburg, Germany. Today the group has office locations on four continents. These offices provide a gateway to all of Libra’s commercial interests.

In 2009, Libra Group subsidiaries were among the most acquisitive in the global transportation sector: a total of 64 ships and aircraft were acquired during the year.

The iconic Grace Hotel Santorini opened a year after our award-winning Mykonos Grace hotel made its debut. Still part of our owned portfolio, the hotel went on to win numerous accolades including Travel + Leisure magazine readers’ No 2 hotel in the world, No 2 in Europe and the No 1 hotel in Greece in 2021.

Representing our largest single hospitality investment, we completed the acquisition of prime land in the island resort of Koh Samui, Thailand. When completed, this six-star villa-only development combining a lavish hotel with luxury residences for sale will become a flagship complex.

Created EuroEnergy, our European Union based renewable energy company – our first investment in the emerging renewable energy market with wind and solar energy parks across Europe.

Initiated investment program in Central America with the creation of FCA Group which has built a portfolio of prime commercial real estate in Panama with strong covenants from blue-chip tenants.

As the maritime upturn reached its peak, the sale of four platform supply vessels brought our total fleet sales to 67 vessels over three years. In the ensuing years, Lomar maintained a modest fleet but were poised for reinvestment in maritime when conditions were right. This was realized with our major re-investment in maritime in 2009.

After reaching 50 ships, Lomar began the 24-month process of selling almost all of its reefers, container ships, bulk carriers and tankers. This enabled further expansion and diversification of Libra Group.

We began our first major foray into residential real estate with the acquisition of 120 properties in Singapore’s prime residential areas. Just three years later we took advantage of the cyclical high point in 2007, selling the vast majority of the apartments that had been acquired.

We began the sale of many of our ships during what was to become one of the most significant upturns ever seen in global maritime history. In the same year, we created Lease Corporation International (LCI Aviation), our first business outside maritime, growing rapidly to become the world’s largest privately owned aircraft lessor.

At the age of 19, George Logothetis became CEO of his family’s company, Lomar Shipping, which had three vessels at the time. Between 1976 and 1994 Lomar built up a fleet of reefer containerships, investing heavily during market downturns. In 1997 the majority of the reefers were sold in order to embark on diversification of the fleet. The shipping business was grown into a modern and diversified 55-vessel fleet over 10 years.