Alkis Konstantinidis | Reuters
A man walks under switched off share price tickers and screens as the Athens' Stock Exchange is shut after the Greek government imposed capital controls June 29, 2015.
The biggest fears about contagion from Greece now seem to rest in other weaker European economies, with focus on the eastern European countries bordering the country. However, there was a larger-than-expected selloff following the announcement of Sunday's referendum in Greece, with the Eurostoxx 50 falling by 4.2 percent and countries like Portugal, Italy and Spain -- perceived to be vulnerable to some of the same stresses as Greece -- all losing around 5 percent.
Read MoreGrexit, Grexident and Greferendum
Amid all the uncertainty, Tim Crockford, co-manager of the Hermes Sourcecap Europe ex-U.K. Fund, named five European companies that looked likely to defy the gloom surrounding Greece. These were French auto company Renault; French electrical equipment maker Legrand; German laboratory equipment maker Sartorius; Dutch semiconductor equipment manufacturer ASM International and Italian credit information supplier Cerved Information Solutions.
"We continue to like those firms that have reinvented their product lines and are reducing their fixed costs – which has driven profitability ahead of improving revenue growth," he wrote in a research note Thursday.