All Transactions
P&P Advises on Oak Hill Advisor’s Milestone Investment in IDEAL Holdings
We are delighted to have played a pivotal role in the strategic partnership between IDEAL Holdings and Oak Hill Advisors (OHA). This significant investment marks a major milestone for IDEAL Holdings and its subsidiaries and a vote of confidence by OHA in the prospects of the Greek market. Our team at
P&P Advises on doValue’s €300M High Yield Bond Offering for Strategic Debt Refinancing
P&P advises the syndicate of arrangers and initial purchasers in connection with doValue’s pivotal €300m high yield bond offering to support the refinancing of its existing debt following the acquisition of 100% of the share capital of Italian credit management company Gardant S.p.A. doValue is a leading provider of strategic
P&P leads Landmark Merger between EVROPI HOLDINGS S.A. and INTRACOM PROPERTIES S.A.
P&P advised EVROPI HOLDINGS S.A (former KLM S.A.), a company listed on ATHEX, and INTRACOM PROPERTIES S.A., both subsidiaries of INTRACOM HOLDINGS S.A., on their strategic merger through an absorption of INTRACOM PROPERTIES S.A. by EVROPI HOLDINGS S.A. The merger was approved and completed in November 2024. The merger represents
P&P Advises on Record-Breaking €600 Million Transaction with INTRAKAT S.A. and PRODEA Investments
Papapolitis & Papapolitis is pleased to be advising on one of the largest commercial real-estate deals in the Greek market. We are assisting INTRAKAT, to be renamed soon Aktor Group of Companies, in expanding its activities in the real estate sector through the acquisition of a €600 million real estate portfolio from Prodea
P&P Advises German Investors Armira and Viessmann on Minority Stake Acquisition in Pharos Generics
P&P advised Germany-based investment holding Armira and Viessmann Generations Group on the Greek law aspects of the acquisition of a minority stake in the Greek pharmaceutical company Pharos Generics Holding S.A. The P&P team was led by M&A Partner Elmina Chadio, supported by Senior Associate Anna Pavlaki, with key contributions
P&P Advises Arish Capital Partners on Transformative Student Housing Project in Patras
P&P has advised Arish Capital Partners (ACP) on the acquisition of a prime property in Patras, the third largest city in Greece and home to 35,000 students. This property will be transformed into “Wanderwall” – a state-of-the-art student accommodation facility. Once redeveloped, “Wanderwall” will feature 56 furnished student apartments and
P&P Advises Intracom Holdings on Strategic Sale and Share Capital Increase
P&P advised Intracom Holdings on their strategic sale of its 27.6% shareholding in the listed entity KLM SA for €11.1 million to investors who will also participate in the share capital increase of Intracom Properties, a subsidiary of Intracom Holdings. The share capital increase will total €25 million, with €11
P&P Guides €106 Million Residential Land Sale in the Ellinikon Project
P&P advised Hellinikon S.M.S.A. on the sale of five residential land plots in the Ellinikon Project, totaling €106 million. We advised on the execution of all definitive documents for the sale of five (5) distinct urban blocks designated for residential development in the Urban Development Area “A-U3” within the Metropolitan
P&P advises ECM and Metric Capital in the sale of FAMAR
P&P acted as legal advisor to ECM Partners and Metric Capital Partners in connection with the sale of the majority stake of FAMAR to MidEuropa, a leading European private equity investor with over €6 billion of funds. ECM Partners and Metric Capital maintain a part of their investment in FAMAR, demonstrating their
P&P advises Dukes Education in its expansion in the Greek market with International School of Athens
P&P advised Dukes Education in connection with the acquisition of the shares of the “I.S.A. THE INTERNATIONAL SCHOOL OF ATHENS” which operates, the International School of Athens and Melina’s Kindergarten in Athens, Greece. The transaction is the first of its kind in the Greek market, marking the first investment of
P&P advises Intracom Holdings in its €46.55Million acquisition
P&P advised Intracom Holdings and its 100% subsidiary Intracom Properties S.A in relation to the acquisition of Europa Insurance for €46,55 Million launching its entering into the insurance market. Intracom Holdings will enter into the creation of a new corporate structure, through the merger of its listed subsidiary on AthEx,
Intralot €100 Million Financing
P&P advised Intralot S.A. in relation to the issuance of a Bond Loan of up to €100 million with maturity date 30.06.2025, with Arrangers PIRAEUS BANK and the NATIONAL BANK OF GREECE. Initial bondholders are PIRAEUS BANK, THE NATIONAL BANK OF GREECE, OPTIMA BANK, ATTICA BANK and PANCRETA BANK with
London & Regional Properties sale of the Athens Titania Hotel to the H Hotels Collection
P&P advised London & Regional Properties in the sale of the historic Athens Titania Hotel to the H Hotels Collection
Intralot SA €130 Million debut bond offering listed on the Athens Stock Exchange
P&Padvised Intralot in relation to its debut €130 million public bond issuance completed in February 2024. The issuance led to an oversubscription of x1,55 times, of €201,87 Million and to a final yield and interest rate at 6%. The 76,92% of the bonds were allocated to Retail Investors and the
Morgan Stanley landmark €1billion Frontier II securitisation
P&P advised Morgan Stanley in its capacity as Arranger in the context of the Frontier II transaction, completed in February 2024, involving the securitization by the National Bank of Greece of a portfolio of non-performing exposures with a total gross book value of c.€1billion baked by the State guarantee pursuant
Invel Real Estate sale of 5.22% in Prodea Investments
P&P Invel Real Estate in relation to all aspects regarding the sale by it to Yoda PLC group of 13,333,333 shares, representing 5.22%, in PRODEA Investments REIC, the leading Greek REIC listed on the Athens Stock Exchange. The transaction consideration amounted to €68 Million and was completed in January 2024.
London & Regional Properties sale of Rhodes Bay Hotel & SPA
P&P advised London & Regional Properties on the sale of Rhodes Bay Hotel & SPA and Elite Suites Rhodes Bay, to the H Hotels Collection.
Intracom Properties acquisition of a hotel company on Koufonisia island
P&P advised Intracom Properties S.A., a subsidiary of the listed Intracom Holdings in the acquisition of 71.31% in the company Afoi Simou S.A., owner of a hotel in Koufonissia. Shareholding has already been acquired by Intracom Holdings S.A.
Invel Real Estate MTO
Papapolitis & Papapolitis advised Invel Real Estate in relation to the mandatory tender offer (MTO) extended to all shareholders of Prodea Investments for a cash consideration of €7,50 per share. The MTO acceptance period commenced on 21 November and ended on 18 December 2023 and resulted to Invel owning
Intralot S.A. €135M Share Capital Increase
P&P advised Intralot S.A. in connection with its pre-emptive share capital increase concluded in October 2023. The SCI was fully subscribed for by existing shareholders as well as new investors in the company, raising total proceeds of €135m. Ambrosia Capital Hellas acted as Lead Underwriter, Euroxx Securities as Underwriter
Lamda Development Corporate Transformation
Papapolitis & Papapolitis advises Lamda Development (LAMDA:GA) in the corporate transformation of its entire shopping malls sector implemented through a series of corporate transformations resulting to the concentration all four existing shopping centers owned by Lamda Group (The Mall Athens, Golden Hall, Mediterranean Cosmos and Designer Outlet) and those to
Taconic Investment in Six Senses Porto Heli
Papapolitis & Papapolitis advises Taconic Capital Advisors and Cedar Capital Partners in their joint venture with CBE Capital and Golden Land Goutos for the development of a Six Senses Resort in the area of Porto Heli, Greece.
Piraeus Bank – BC Partners Acquisition Financing
Papapolitis & Papapolitis advised Piraeus Bank as Arranger, Bondholder Agent, Subscriber and Bondholder in relation to a €175m acquisition financing to Alphabet Education S.A., a member of BC Parters group in relation to the acquisition by it of Metropolitan College and IEK Akmi
Sale of INTRACOM DEFENSE to IAI – Israel Aerospace Industries
Papapolitis & Papapolitis advised ATHEX listed conglomerate Intracom Holdings (ATHEX: INTKA) and Intracom Technologies in the sale of the 90.91% shareholding participation in INTRACOM DEFENSE to IAI – Israel Aerospace Industries.
Lamda Development €300Million Joint Venture with Temes S.A.
Papapolitis & Papapolitis advised Lamda Development on the completion of two strategic cooperation agreements with TEMES SA for the €300 Million joint development of two state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Elliniko, in southern Athens , with a construction completion horizon of
ECM Acquisition of Pavlides Marbles
Papapolitis & Papapolitis advised Pavlidis Marbles SA / ECM Partners in relation to the 100% acquisition of the Pavlidis Marbles Group.
Intracom Holdings investment in KLM S.A.
P&P advised Intracom Holdings on its acquisition of a percentage of 27.6% in the listed company KLM SA and on the signing of a MoU with the majority shareholders for the acquisition of an additional percentage of 46.60% in KLM SA
Invel Real Estate and Prodea Investments acquisition of White Coast Hotel
Papapolitis & Papapolitis advised Invel Real Estate and Prodea Investments REIC in relation to the acquisition of the White Coast hotel located on Milos Island
Lavipharm share capital increase
Papapolitis & Papapolitis advised Ambrosia Capital as Lead Underwriter in relation to the €58m pre-emptive share capital increase of Lavipharm S.A., a leading pharmaceutical company with global presence, and to the public offer in Greece of newly issued shares listed on Athex. P&P advised the Lead Underwriter on all aspects
Intracom Holdings corporate transformation
Papapolitis & Papapolitis advised Intracom Holdings in its corporate transformation into an investment company with a capacity of 0.5BN and in the incorporation of Intracom Properties and Intracom Ventures.
DEPA Commercial S.A. acquisition of the 100% stake of NORTH SOLAR 1 S.A. a company operating 95MW of Photovoltaic Parks
Papapolitis & Papapolitis advised DEPA Commercial S.A. in relation to the acquisition of the 100% stake of NORTH SOLAR 1 S.A. a company operating 95MW of Photovoltaic Parks.
Intrakat S.A. acquisition of the Apanema Resort in Mykonos
Papapolitis & Papapolitis advised Intrakat S.A. in its acquisition of the 100% of the share capital of the Apanema Resort in Mykonos.
DEPA Commercial S.A. acquisition of the 100% stake of New Spes Concept S.A. a company operating 232MW of Photovoltaic Parks.
Papapolitis & Papapolitis advised DEPA Commercial S.A. in relation to the acquisition of the 100% stake of New Spes Concept S.A. a company operating 232MW of Photovoltaic Parks.
Lamda Development’s acquisition of McArthur Glen Hellas
Papapolitis & Papapolitis advised LAMDA Development S.A. in the 100% acquisition of McArthur Glen Hellas, the owner of the Mcarthur Glen Designer Outlet.
Avis €260 Million financing agreement with Piraeus Bank
Papapolitis & Papapolitis advised Piraeus Bank in relation to a financing agreement of up to €260 Million to Avis Greece. Avis’ total investment plan into electro mobility amounts to €760 million euros and will be developed over the next five years.
Sale of OTE – Cosmote stakes in cosmoONE to SoftOne Technologies S.A.
Papapolitis & Papapolitis advised Greek telecommunications operator OTE Group of Companies (HTO) and leading mobile telecommunications company in Greece COSMOTE in relation to the sale of their joint shareholding stake of (61.74%) in cosmoONE a leading B2B electronic procurement company, to SoftOne Technologies S.A.
Morgan Stanley Frontier II sale of €1BN NPL Portofolio
Papapolitis & Papapolitis advises Morgan Stanley in its capacity as arranger in relation to the sale by National Bank of Greece with a multi-asset securitization of a portfolio of non-perfoming loans with a total book value of c. €1 Billion (Frontier II).
Invel Real Estate €600Million refinancing
Papapolitis & Papapolitis advised Invel Real Estate in relation to a €600Million refinancing facility from the National Bank of Greece and Piraeus Bank.
Intracom Holdings sale of stake in Intrakat S.A.
Papapolitis & Papapolitis advised Intracom Holdings in relation to the sale of its 31.7% stake in Intrakat S.A. for €70.195 million
Lamda €230 Million Debut Green Bond Offering
P&P advised Eurobank, Piraeus Bank, Alpha Bank and Euroxx Securities as Lead Underwriters and Bookrunners and Optima Bank as Lead Underwriter in relation to Lamda Develpoment’s debut green bond offering of €230 million.
Development of CGS School in Ellinikon
Papapolitis & Papapolitis advised Prodea Investments in its agreement with Lamda Development and Costeas Geitonas School for the development of the first school premises in Ellinikon.
Varde Partners sale of Lamda Malls
Papapolitis & Papapolitis advised Värde Partners, a leading global alternative investment firm in relation to the sale of its 31.7% stake in Lamda Malls S.A. to Lamda Development, for €109 million.
Intralot Share Capital Increase
Papapolitis & Papapolitis is advising the Intralot Group in relation to its share capital increase and strategic agreement with Standard General.
Famar AVE issuance of a €45 Million bond loan, financed by the Bank of Cyprus
Papapolitis & Papapolitis advised Famar AVE in relation to the issuance of a €45 Million bond loan, financed by the Bank of Cyprus.
Euronet Worldwide, Inc. Completes Purchase of Merchant Acquiring Business of Piraeus Bank in Greece
Papapolitis & Papapolitis advised Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, on the completion of the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business of Piraeus Bank (Bank) in Greece. Originally announced on March 16, 2021, Euronet’s completed purchase of PBMA’s acquiring services and assets includes approximately 205,000
BrookStreet investment in CyberOwl
Papapolitis & Papapolitis has advised Brookstreet Equity Partners LLP in its investment in maritime cybersecurity specialist CyberOwl, alongside UK Investment Network 24Haymarket, UK Asset Manager Mercia and US VC Techstars.
Sale of Astakos Port Terminal
Papapolitis & Papapolitis is advising Alpha Bank in relation to the sale of the Astakos Port Terminal, a multi-purpose port comprising of an industrial and commercial free zone area.
Piraeus Bank – BC Partners Acquisition Financing
Papapolitis & Papapolitis advised Piraeus Bank on the financing in connection with the acquisition by BC Partners of Pet City Group S.A.
L+R Hotels Sale of Mixed Use Resort
Papapolitis & Papapolitis has advised the joint venture between L+R Hotels and Intradevelopment S.A. in relation to the sale of one of the largest mixed use resorts on the island of Mykonos.
Elval Halcor €250 Million Listed Bond
Papapolitis & Papapolitis has advised Alpha Bank and Eurobank as Joint Coordinators and Lead Underwriters, Piraeus Bank, National Bank of Greece and Optima Bank as Lead Underwriters and Euroxx Securities and Axia Ventures as Underwriters in relation to the issuance of €250M listed bonds by ElvalHalcor S.A..
Intralot $242 Million Refinancing
Papapolitis & Papapolitis has advised Intralot SA in relation to the refinancing of the debt facilities of the Intralot Group of companies and the issuance by Intralot Inc. of New Senior Secured Notes with a nominal value of ca. $242 million to refinance the existing Notes due September 2021.
People Cert €300 Million debut bond offering
Papapolitis & Papapolitis has advised Morgan Stanley International and National Bank of Greece in connection with PeopleCert’s Wisdom Issuer plc debut bond offering of €300 Million.
DoValue €300 Million High Yield Bond Issuance
Papapolitis & Papapolitis has advised the initial purchasers on a €300 million senior secured notes issuance by doValue S.p.A. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and have been listed on the Luxembourg Stock Exchange.
PRODEA INVESTMENTS €300Million Green Bond Loan
Papapolitis & Papapolitis advised the Joint Coordinators and Bookrunners (Piraeus Bank, National Bank of Greece, Alpha Bank and Eurobank) and the Lead Underwriters (Optima Bank and Euroxx Securities) in connection with the issuance and public offer of a Bond Loan of €300m by Prodea Investments, which is the first listed
YORK CAPITAL INVESTMENT IN ANGSANA CORFU RESORT
Papapolitis & Papapolitis is advising York Capital Management in its investment in the Angsana Corfu Resort the first Banyan Tree Property to open in Europe.
SALE OF ILIDA BUSINESS CENTER TO PRODEA INVESTMENTS
Papapolitis & Papapolitis advised LAMDA Development S.A. (“Lamda”) in connection with the sale of 100% of the shares of LAMDA ILIDA OFFICE S.M.S.A. (“LIO”) to Prodea Investments.
TECHINCAL OLYMPIC S.A. PARTNERSHIP WITH MOUNT STREET GROUP
Papapolitis & Papapolitis is advising Techincal Olympic S.A. in its strategic partnership with the Mount Street Group.
MYTILINEOS S.A.’S DEBUT GREEN BOND OFFERING OF €500 MILLION
Papapolitis & Papapolitis advised the initial purchasers (BNP Paribas, Citigroup, HSBC, Alpha Bank, Credit Suisse, Eurobank, Goldman Sachs, J.P. Morgan, Morgan Stanley, National Bank of Greece, Nomura and Piraeus Bank) in connection with MYTILINEOS S.A.‘s debut green bond offering of €500 million 2.25% senior notes due 2026.
VIOHALCO S.A.’S SALE OF 25 MILLION SHARES OF ITS SUBSIDIARY, ELVALHALCOR S.A.
Papapolitis & Papapolitis advised the Managers (AXIA Ventures Group and Euroxx Securities SA) in connection with Viohalco S.A.’s sale of 25 Million shares of its subsidiary, ElvalHalcor S.A. for an aggregate amount of €50 Million.
EURONET €300MILLION ACQUISITION OF PIRAEUS BANK’S MERCHANT ACQUIRING UNIT
Papapolitis & Papapolitis (P&P) is advising Euronet Worldwide on the €300 million acquisition of Piraeus Bank’s Merchant Acquiring Unit and on the formation of a long term strategic partnership between Euronet Worldwide and Piraeus Bank. P&P is advising Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and
UNITED GROUP ACQUISITION OF FORTHNET S.A.
Papapolitis & Papapolitis advised the United Group in its acquisition of Greek telecommunications and pay-TV provider Forthnet through the successful completion of a Mandatory Tender Offer completed on the Athens Stock Exchange.
LAMDA DEVELOPMENT S.A. STRAGIC CO-OPERATION WITH TEMES S.A.
Papapolitis & Papapolitis advised LAMDA Development S.A. in relation to its strategic co-operation with TEMES S.A for the €300 Million development of two luxury hotel complexes in the beach front area of Hellinikon.
BROOKSTREET INVESTMENT IN INTERNET-OF-THINGS PLATFORM YODIWO
Papapolitis & Papapolitis advised Brookstreet Equity Partners LLP in its investment in Internet-of-Things (IOT) Platform Yodiwo, based in Sweden with R&D Center in the tech hub of Patras and implementation systems in Cyprus. Yodiwo is a technology orchestrator of YourDigitalWorld which blends state-of-the-art IOT and artificial intelligence (AI) solutions that transform infrastructure management.
HELLINIKON DEVELOPMENT – IRC
Papapolitis & Papapolitis has acted as a legal advisor to LAMDA Development S.A. in relation to the fulfilment of the respective condition precedent that provided, among others, the granting of a casino operating license through an international public tender process.
ACQUISITION OF A LOGISTIC CENTER
Papapolitis & Papapolitis advised a Greek Real Estate Investment Company (REIC) in relation to the acquisition of a logistics center located in Athens, Greece.
TERNA ENERGY €68.5 MILLION SHARE CAPITAL INCREASE
Papapolitis & Papapolitis acted for AXIA Ventures Group the Global Coordinator and Placement Agent in the €68.5 million share capital increase for Terna Energy S.A.
DOVALUE FINANCING FOR ACQUISITION OF FPS
P&P has advised the lenders as well as the initial purchasers of the notes in relation to the financing, for the acquisition by doValue, a leading servicer of nonperforming loans in Southern Europe and listed on the Milan Stock Exchange, of FPS, the former loan servicing company of the Eurobank
VODAFONE €1 BILLION TOWER ASSET SPIN OFF
Papapolitis & Papapolitis advised the Vodafone Group in the spin off of infrastructure tower assets and the merger with tower assets owned by Wind Hellas of a value c. €1 Billion euros.
LAMDA DEVELOPMENT €320 MILLION LISTED BOND
Papapolitis & Papapolitis advised Piraeus Bank and Eurobank in their role as lead underwriters for the €320 Million Bond Issuance on the Athens Stock Exchange of Lamda Development S.A.
UNITED GROUP INVESTMENT INTO FORTHNET S.A.
Papapolitis & Papapolitis is advising the BC Partners-owned United Group a leading integrated cable and media operator in South Eastern Europe, in connection with the acquisition of the debt and a minority interest in Forthnet S.A. from Piraeus Bank, National Bank of Greece, Alpha Bank and Attica Bank.
ACQUISITION OF COMMERCIAL REAL ESTATE PORTFOLIO BY INTERNATIONAL PRIVATE EQUITY FUND
Papapolitis & Papapolitis acted for a global investment firm in its acquisition of a commercial real estate portfolio comprising of office and retail space from Piraeus Bank, Eurobank and Attica Bank.
ACQUISITION OF 25MW WIND PARK PORTFOLIO BY INTERNATIONAL PRIVATE EQUITY FUND
Papapolitis & Papapolitis acted for a $75bn global investment firm in its acquisition and project financing of a 25MW portfolio of wind parks.
YORK AND ELEMENTS CAPITAL ACQUISITION OF FAMAR GROUP
Papapolitis & Papapolitis advises York Capital Management and Elements Capital Management on the acquisition of the southeastern perimeter of Famar’s European manufacturing activities.
FRIGOGLASS €260 MILLION INTERNATIONAL BOND OFFERING
Papapolitis & Papapolitis has advised Morgan Stanley and Citi Group as the initial purchasers, in connection with the issuance by Frigoglass of €260 million Senior Secured Notes.
INVESTMENT IN BRANDED LUXURY RESORT
Papapolitis & Papapolitis advised a multibillion US asset management firm in relation to its investment and development of a branded luxury resort on the island of Corfu.
AQUISITION OF LA RESIDENCE HOTEL MYKONOS
Papapolitis & Papapolitis acted for Reubens Brothers in relation to the acquisition of the La Residence Hotel located on the island of Mykonos in Greece.
MYTILINEOS €500 MILLION INTERNATIONAL BOND OFFERING
Papapolitis & Papapolitis advised the initial purchasers J.P. Morgan Securities Plc., Citigroup Global Markets Limited, HSBC Bank Plc., Goldman Sachs International, Nomura International Plc., Credit Suisse Securities (Europe) Limited, Eurobank Ergasias S.A., Alpha Bank S.A., National Bank of Greece S.A. and Piraeus Bank S.A. in connection with Mytilineos S.A.’s €500
BROOKLANE CAPITAL INVESTMENT IN LOGISTICS CENTER
Papapolitis & Papapolitis acted for private equity investor Brook Lane Capital in their investment in a Greek logistics center.
PIRAEUS BANK FINANCING – IASO ACQUISITION
Papapolitis & Papapolitis has advised Piraeus Bank in relation to a financing agreement towards Oaktree Capital for the acquisition of IASO S.A., a Greek listed hospital group and one of the largest private Healthcare groups in Greece.
CP HOLDINGS ACQUISITION OF ELTRAK GROUP
Papapolitis & Papapolitis advises CP Eltrak Ltd. in relation to the acquisition of 66.03% of ATHEX listed Eltrak Group, and for the Mandatory Tender Offer launched post the acquisition of CP Eltrak’s shareholding participation.
€175 MILLION ATTICA HOLDING S.A. BOND ISSUE
Papapolitis & Papapolitis advised on the €175Million Attica Holdings bond issuance on the first ever public offered and listed bond issue in Greece secured with with real security (ferry vessels). P&P acted for the lead underwriters (Eurobank S.A. and Piraeus Bank S.A.) in relation to all aspects of the issuer’s legal
INVEL MANDATORY TENDER OFFER FOR NBG PANGAEA REIC
Papapolitis & Papapolitis acted for Invel Real Estate II BV, in relation to the Mandatory Tender Offer launched post Invel’s acquisition of the 32.7% stake of National Bank of Greece in NBG Pangaea REIC.
INVEL ACQUISITION OF NBG PANGAEA REIC
Papapolitis & Papapolitis advised Invel Real Estate (Invel), on the completion of Invel’s acquisition of a 32.7% stake in NBG Pangaea REIC (“Pangaea”) for a consideration of €390 million, from the National Bank of Greece (“NBG”), in one of the largest M&A and real-estate transactions to take place in Greece.
SOHO HOUSE ACQUISITION OF SCORPIOS BEACH CLUB AND SAN GIORGIO HOTEL
Papapolitis & Papapolitis acted for leading hotel chain Soho House in relation to their acquisition of Scorpios Beach Club and San Giorgio Hotel on the island of Mykonos.
SHIPPING FINANCE TRANSACTION
Papapolitis & Papapolitis acted as lender’s counsel for an international leading bank in relation to a multi-million shipping finance transaction towards a Nasdaq listed shipping company.
PIRAEUS BANK SALE OF NPL PORTFOLIO
Papapolitis & Papapolitis acted for Piraeus Bank in relation to the sale of a corporate non-performing loan portfolio in the gaming and hospitality industry.
ACQUISITION OF HILTON ATHENS HOTEL
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its acquisition and investment in the Athens Hilton Hotel.
ACQUISITION OF HILTON NICOSIA HOTEL
Papapolitis & Papapolitis acted for Invel Real Estate in its capacity as majority shareholder of NBG Pangaea REIC for the acquisition of the Hilton Nicosia Hotel.
INVESTMENT IN LEADING HOSPITALITY COMPANY
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its investment in a premier destination developer and operator in the high-end tourism and real-estate sector.
TELECOMMUNICATION DISPUTE
Papapolitis & Papapolitis acted for a major Telecommunication Organization before the Athens Court of Appeal, in relation to a multi-million claim through bankruptcy procedure.
PILLARSTONE FAMAR RESTRUCTURING
Papapolitis & Papapolitis advised Pillarstone (a KKR Credit pan-European platform) in its €234million multijurisdictional debt restructuring and recapitalisation of Famar AVE.
ACQUISITION OF NIKKI BEACH PORTO HELI HOTEL
Papapolitis & Papapolitis acted for Invel Real Estate in relation to its acquisition of the Nikki Beach Porto Heli Hotel.
ACQUISITION OF €1.2BN NPL PORTFOLIO
Papapolitis & Papapolitis acted for a $75bn international investment group in their bid to acquire a €1.2bn NPL commercial real-estate portfolio from a Alpha bank.
ACQUISITION OF 200MW WIND PARK PORTFOLIO BY INTERNATIONAL PRIVATE EQUITY FUND
Papapolitis & Papapolitis acted for a $75bn global investment firm in its acquisition and project financing of a 200MW portfolio of wind parks located throughout in Greece.
SALE OF LEADING HEALTHCARE CENTER
Papapolitis & Papapolitis acted for a global alternative asset investment firm in relation to its participation in a tender process held by Piraeus Bank for the acquisition of a leading healthcare center.
ACQUISITION OF €1.5BN NPL PORTFOLIO BY INTERNATIONAL PRIVATE EQUITY FUND
Papapolitis & Papapolitis acted for a $175bn alternative investment manager in their bid to acquire a €1.5bn NPL commercial real-estate portfolio from Piraeus Bank.
PROPOSED INITIAL PUBLIC OFFERING OF FOOD MANUFACTURING COMPANY
Papapolitis & Papapolitis acted for the joint global coordinators in connection with a proposed initial public offering and dual listing of a food manufacturing company.
ACQUISITION OF NAI HELLAS BY PEPPER EUROPE
Papapolitis & Papapolitis acted for Pepper Europe a global financial services business in its acquisition of NAI Hellas a leading Greek real-estate asset management business.
MULTIMILLION INVESTMENT IN GREEK REIC BY INTERNATIONAL PRIVATE EQUITY FUND
Papapolitis & Papapolitis acted for a $14bn global asset management firm in its investment in one of the largest Greek Real Estate Investment Companies listed on the Athens Stock Exchange.
ANCHORAGE AND CVC ACQUISITION OF IDEAL STANDARD S.A.
Papapolitis & Papapolitis acted for Anchorage Capital Group LLC and CVC Capital Partners in relation to their investment in Ideal Standard S.A.
GEK TERNA GROUP €120 MILLION EUROBOND.
Papapolitis & Papapolitis acted for the GEK Terna Group, one of the largest Greek construction companies, as Issuer’s counsel in relation to the issuance of a €120 Million public traded bond. NBG Securities, Alpha Bank and Eurobank acted as underwriters for the public offer.
LOUIS DREYFUS COMMODITIES SUISSE S.A. (LDC) DISPUTE AGAINST GREEK BANK
Papapolitis & Papapolitis acted for Louis Dreyfus Commodities Suisse S.A. (LDC) on a commercial dispute with Agricultural Bank of Greece S.A. (ATE)
AVIS EUROPE AND OTOKOC MULTI-MILLION ACQUISITION OF AVIS HELLAS FROM PIRAEUS BANK
Papapolitis & Papapolitis acted for Avis Europe Holdings and Otokoc Otomotiv for the multi-acquisition of Avis Hellas from Piraeus Bank.
ENERGEAN OIL & GAS $460MILLION IPO ON THE LONDON STOCK EXCHANGE
Papapolitis & Papapolitis has advised Citigroup, Morgan Stanley and Stifel as joint global coordinators and joint bookrunners, Citigroup and Morgan Stanley as joint sponsors and RBC Capital Markets, Natixis and Societe Generale Corporate & Investment Banking as joint bookrunners on the Greek aspects of the US$460 million IPO of Energean Oil
PIMCO INVESTMENT IN GRIVALIA REIC
Papapolitis & Papapolitis acted for PIMCO in its investment in Grivalia REIC
CETRACORE ENERGY RESTRUCTURING OF MAMIDOIL – JETOIL S.A.
Papapolitis & Papapolitis acted for Cetracore Energy GmbH in relation to its €107m investment for the restructuring of Mamidoil – Jetoil S.A. through a pre-bankruptcy process (Article 106).
CETRACORE ENERGY MULTI-MILLION INVESTMENT IN JETOIL THROUGH ARTICLE 106 PRE-BANKRUPTCY PROCESS
Papapolitis & Papapolitis acted for Cetracore Energy GmbH in relation to its investment through an Article 106 pre-bankruptcy process for the restructuring of JetOil-Mamidoil S.A. one of the largest Greek oil trading companies.
VARDE PARTNERS INVESTMENT IN LAMDA MALLS S.A.
We advised Värde Partners, a global alternative investment fund, in relation to its acquisition of 31.7% of Lamda Malls S.A. from Lamda Development S.A.
CEPAL HELLAS MERGER OF LOAN SERVICING COMPANY
Papapolitis & Papapolitis acted for a portfolio manager in its merger with Cepal Hellas the first company to be licensed as a loan servicing company by the Central Bank of Greece
SALE OF €150 MILLION CORPORATE PORTFOLIO FROM EUROBANK ERGASIAS S.A.
Papapolitis & Papapolitis acted for a leading US global investment management firm in its acquisition of a €150 Million corporate loan portfolio from Eurobank Ergasias S.A.
TICKETMASTER ACQUISITION OF TICKETHOUR
Papapolitis & Papapolitis acted for Ticketmaster, a Live Nation Entertainment, Inc. (NYSE: LYV) company, in its global acquisition of sports ticketing provider, the Tickethour Group. Please click here to view the press release.
LAMDA DEVELOPMENT CONSTRUCTION DISPUTE
Papapolitis & Papapolitis are acting for Lamda Development in a multi-million euro dispute arising out of real-estate and construction agreements.
AROMKA S.A. DISPUTE AGAINST MAJOR COSMETICS ORGANIZATIONS
Papapolitis & Papapolitis advised a leading Greek cosmetic distilaitor, Aromka S.A., in relation to a commercial dispute against a major international cosmetic company for a commercial claim.
PHILIPS GREECE ON ONGOING CORPORATE GOVERNANCE MATTERS
Papapolitis & Papapolitis continues to advise Philips Hellas on their ongoing corporate governance and compliance requirements, on a variety of legal matters arising in the course of their business activities and their entry into commercial agreements and public tenders.
INTRACOM / TELEDOME DISPUTE
P&P successfully represented Intracom Holdings SA (Intracom) in the appeal of the decision of the Court of First Instance in their multi-million €89.5 Million dispute with Teledome SA and Teledome’s shareholders, made up of 3 lawsuits.
NATIONAL BANK OF GREECE €1.16 BILLION LIABILITY MANAGEMENT EXERCISE AND EQUITY OFFERING
Papapolitis & Papapolitis acted as local counsel to Goldman Sachs International, Morgan Stanley & Co International Plc, Nomura International plc, Commerzbank, NBG Securities, Keefe, Bruyette & Woods, BNP Paribas, HSBC Bank Plc as joint global coordinators and joint book runners in the context of the €1.16 Billion liability management exercise
GSO/BLACKSTONE GROUP IN INVESTMENT IN LISTED REAL ESTATE DEVELOPER LAMDA DEVELOPMENT ACQUIRING C20% OF THE COMPANY
Papapolitis & Papapolitis acted for the GSO/Blackstone Group in respect of its investment in the Greek listed real-estate development company Lamda Development SA. With this investment the GSO/Blackstone Group increased its shareholding participation in Lamda to circa 20%.
THIRD POINT INVESTMENT IN AUTO INSURER HELLAS DIRECT
Papapolitis & Papapolitis advised Third Point Hellenic Recovery Fund in their investment in the auto insurer Hellas Direct, in what is currently the only investment initiated in 2015 by an international fund in Greece.
HELLAS ONLINE IN A MAJOR TRADEMARK DISPUTE WITH DEUTSCHE TELEKOM
Papapolitis & Papapolitis acted for Hellas Online, a leading Greek listed telecom provider, in relation to its trademark and intellectual property dispute with Deutsche Telekom, which led to a groundbreaking decision by the Athens Court of first instance in relation to whether a colour can be considered a corporate trademark.
INTRACOM HOLDINGS €330 MILLION SALE OF HOL TO VODAFONE GREECE
Papapolitis & Papapolitis acted for Intracom Holdings in the €330 Million sale of Hellas Online, a leading provider of broadband and fixed telephony services listed on the Athens Stock Exchange, to Vodafone – Panafon Greece in the largest transaction in the telecom industry to take pace in Greece in 2014.
MORGAN STANLEY AS ADVISOR TO THE HFSF FOR €2.86 BILLION EUROBANK SHARE CAPITAL INCREASE
Papapolitis & Papapolitis acted on behalf of Morgan Stanley & Co International in its role as a financial advisor to the Hellenic Financial Stability Fund in the €2.86 Billion share capital increase of Eurobank Ergasias.
GOLDMAN SACHS AND MORGAN STANLEY UNDERWRITERS IN NBG’S €2.5 BILLION EQUITY OFFERING
Papapolitis & Papapolitis advised the joint global coordinators and joint book runners, Goldman Sachs International and Morgan Stanley & Co International, Citigroup Global Markets, HSBC Bank, Mediobanca–Banca di Credito Finanziario, Merrill Lynch International and UBS Limited in connection with an offering by National Bank of Greece of 1,136,363,637 new ordinary
PAULSON & CO IN ITS ACQUISITION OF 5% OF ALPHA BANK AND PIRAEUS BANK AND 10% OF WATER UTILITY COMPANY EYDAP
Papapolitis & Papapolitis acted for Paulson & Co in relation to its 5% acquisition of Alpha Bank and Piraeus Bank.
PAULSON & CO. IN INVESTMENT IN EYDAP
Papapolitis & Papapolitis acted for Paulson & Co in its acquisition of 9.9% of the share capital of the Athens Water Supply and Sewerage Company (EYDAP).
INTRACOM HOLDINGS IN ITS €47 MILLION SALE OF INTRACOM TELECOM
Papapolitis & Papapolitis advised international technology group Intracom Holdings in the sale of its 49% shareholding participation in Intracom Telecom for €47 Million.
BLACKROCK SOLUTIONS IN ITS DIAGNOSTIC ASSESSMENT OF THE GREEK BANKING SYSTEM
A team led by Nicholas Papapolitis advised international advisory firm BlackRock Solutions in respect of their diagnostic assessment of the loan portfolios of a select group of Greek commercial banks following BlackRock’s engagement by the Bank of Greece. The assessment consisted of the four workstreams Asset Quality Review, Credit Loss
HELLAS ONLINE IN A LABOUR DISPUTE
Papapolitis & Papapolitis acted for Hellas Online in litigation initiated by former employees following its corporate restructuring, one of the largest to have taken place in Greece. The former employees attempted to challenge their dismissals and achieve their rehiring by judicial means. Their petition was dismissed in a decision which
AVON PRODUCTS INC. IN ITS STRATEGIC PARTNERSHIP WITH KORRES SA
Papapolitis & Papapolitis, together with White & Case New York, advised Avon, over a trademark and brand rights agreement with the Greek cosmetics company Korres for Avon to develop, manufacture, market and distribute Korres products.
APOLLO CAPITAL MANAGEMENT IN EUROBANK’S €2.86 BILLION SHARE CAPITAL INCREASE
Papapolitis & Papapolitis acted for Apollo Capital Management in relation to the €2 Billion share capital increase of the leading Greek bank, Eurobank SA, launched by the Hellenic Financial Stability Fund.
INTRALOT GROUP IN €150 MILLION DISPUTE WITH GLORY TECHNOLOGY LIMITED
Papapolitis & Papapolitis acted for the Intralot Group, a global leader in the online gaming services industry, in relation to its €150 Million dispute with Glory Technology.
DIOPHAR IN €15 MILLION PHARMACEUTICALS DISPUTE
Papapolitis & Papapolitis acted for Diophar, a leading Greek pharmaceuticals company, in relation to a €15 Million dispute with Baxter International.
HELLAS ONLINE IN ITS CORPORATE RESTRUCTURING AND SPIN-OFF OF BUSINESSES
Papapolitis & Papapolitis acted for leading fixed line and broadband services provider, Hellas Online, on the corporate restructuring of the company that led to the outsourcing of the Customer Operations, Retail Sales and Retention departments to third party providers. The successful completion of the corporate restructuring paved the way for
YORK CAPITAL IN ITS €125 MILLION INVESTMENT IN INVEL REAL ESTATE’S €653 MILLION ACQUISITION OF 66% OF NBG PANGAEA REIC
Papapolitis & Papapolitis acted for investment management firm York Capital Management (UK) Europe Advisors, in respect of their investment in Invel Real Estate Partners’ €653 Million acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece. The team advised on the negotiation
LOUIS DREYFUS IN DISPUTE WITH THE AGRICULTURAL BANK OF GREECE
Papapolitis & Papapolitis acted for Louis Dreyfus Commodities Suisse, a world leader in the processing of agricultural products and the merchandising of a diverse range of commodities, in their €5 Million civil dispute with the Agricultural Bank of Greece.
PPC RENEWABLES IN THE DEVELOPMENT OF 250MW OF PV PARKS
Papapolitis & Papapolitis acted for PPC Renewables in relation to the financing, development and construction of the PPC Renewables PV portfolio totaling over 250MW throughout Greece.
YORK CAPITAL MANAGEMENT IN €100 MILLION INVESTMENT IN THE GEK TERNA GROUP
Papapolitis & Papapolitis acted for York Capital Management in respect of their agreement with the GEK Terna Group, pursuant to the terms of which York Capital invested €100 Million in GEK by fully subscribing to the issuance of a 5 year bond loan, mandatory convertible partly to new GEK shares
THE DOGUS GROUP IN THE ACQUISITION OF THE ASTIR PALACE HOTEL
Papapolitis & Papapolitis acted for Dogus Holding in its successful €400 Million bid as an investor in Jermyn Street Real Estate Fund IV, to acquire 85% shares of Astir Palace from the National Bank of Greece and the Hellenic Republic Asset Development Fund, signifying one of the largest privatizations and
THIRD POINT IN ITS €40 MILLION PARTICIPATION IN HELLENIC BANK’S SHARE CAPITAL INCREASE
Papapolitis & Papapolitis acted for Third Point in its €40 Million investment in the Cypriot based Hellenic Bank following their recapitalization to reach a core TIER1 capital ratio of 9%, in accordance with the requirements laid out in PIMCO’s due diligence report on Cypriot banks.
THIRD POINT HELLENIC RECOVERY FUND IN ITS €60 MILLION INVESTMENT IN ENERGEAN OIL AND GAS
Papapolitis & Papapolitis acted as Greek Counsel to Third Point Hellenic Recovery Fund in its $60 Million investment in Energean Oil and Gas.
YORK CAPITAL MANAGEMENT IN ITS $500 MILLION JOINT VENTURE WITH COSTAMARE
Papapolitis & Papapolitis acted as co-counsel with Reed Smith to York Capital Management Global Advisors in relation to their entry into a joint venture framework deed with NYSE listed shipping company Costamare, to jointly invest up to c.$500 Million in equity for the acquisition of container vessels.
THIRD POINT LLC IN ITS PARTICIPATION IN THE OPAP PRIVATIZATION
Papapolitis & Papapolitis acted as Greek Counsel to Third Point LLC, in relation to Third Point’s bid in the OPAP Privatization process.
THE BAUPOST GROUP IN ITS INVESTMENT IN OPAP
Papapolitis & Papapolitis acted for US hedge fund the Baupost Group in relation to the submission of regulatory filings to the Hellenic Capital Markets Commission for the disclosure of the 5% shareholding participation in the listed Greek gaming company OPAP.
PHILIPS HELLAS IN €15 MILLION DEBT RETRIEVAL
The Firm advised Philips Hellas in relation to a €15 Million dispute against numerous State-owned hospitals.
PIMCO EUROPE IN THE DUE DILIGENCE OF THE BANKING SYSTEM OF CYPRUS
Papapolitis & Papapolitis acted for Pacific Investment Management Company (PIMCO) as Greek counsel, in relation to the independent due diligence of the banking system of Cyprus.
INTERNATIONAL ASSET MANAGEMENT COMPANY IN PV PORTFOLIO ACQUISITION
Papapolitis & Papapolitis acted for an international asset management company in relation to the acquisition of a 15MW PV Portfolio from a Greek EPC Contractor.
FIRST BUSINESS BANK IN DEBT RESTRUCTURING
We acted as lender’s counsel to First Business Bank in relation to the debt restructuring of a €15 Million shipping loan.
THIRD POINT IN THEIR SUBSCRIPTION TO DCI PLACEMENT
Papapolitis & Papapolitis acted as Greek counsel to Third Point in relation to the execution of a €45 Million subscription agreement with Dolphin Capital Investors (DCI), for DCI’s €50 Million placement for new shares. Please click here to view the press release on this transaction.
A LEADING US HEDGE FUND IN ITS $500 MILLION ACQUISITION OF BONDS
Papapolitis & Papapolitis advised a leading US hedge fund in relation to the acquisition of a portfolio of $500 Million of bonds guaranteed by the Greek Government.
A LEADING GREEK TELECOMS PROVIDER IN AN INTERNATIONAL TRADEMARK DISPUTE
Papapolitis & Papapolitis acted for a leading Greek telecoms provider in its multi-million trademark dispute with an international telecoms company that resulted in a landmark decision in favour of our client.
AN INTERNATIONAL SHOPPING CENTRE GROUP AS EXTERNAL LEGAL ADVISORS
The Firm advised an international shopping centre specialist in relation to their corporate governance and filing requirements.
A US INVESTOR IN THE INSOLVENCY OF A CREDIT INSTITUTION
We acted for a leading US investor in relation to the implications of the insolvency of a credit institution under the Greek legal framework.
BVIC IN RELATION TO A DEBT RESTRUCTURING
We acted for Babis Vovos International Construction, a company listed on the Athens Exchange, in relation to a major debt restructuring transaction with a number of Greek banks. Houlihan Lockey (Europe) and Axia Ventures Group acted as the Company’s financial advisors.
A CONSORTIUM OF INTERNATIONAL INVESTMENT BANKS ON ENFORCEMENT OF COLLATERAL AND INSOLVENCY
We acted for a consortium of lenders made up of international investment banks in relation to the enforcement on collateral and advised on the legal framework governing insolvency of a group of companies under Greek law.
GREEK COFFEE COMPANY IN THEIR RESTRUCTURING
We acted for the Greek Coffee Company in relation to its restructuring and successful inclusion in the Art.99 protective measures.
FOREIGN HOLDERS OF GREEK BONDS IN RELATION TO THE PSI BOND EXCHANGE
On 24 February 2012, the Greek Government issued an invitation memorandum for holders of domestic and foreign law bonds issued or guaranteed by the Hellenic Republic, to exchange their bonds with new bonds with a new maturity date and of new value, the Private Sector Initiative (PSI). Papapolitis & Papapolitis
A US ASSET MANAGEMENT COMPANY IN €40 MILLION RENEWABLE ENERGY INVESTMENT
We advised a leading US asset management company in relation to its €40 Million investment in a renewable energy fund for the development of photovoltaic parks throughout Greece.
A LISTED COMPANY ON A €25 MILLION WIND PARK PROJECT FINANCING
Papapolitis & Papapolitis advised a company listed on the Athens Exchange in relation to their entry into a €25 Million project financing transaction for the development of a 20MW wind park in Central Greece.
THE OWNER OF A PHOTOVOLTAIC PLANT IN A €25 MILLION PV PARK PROJECT FINANCING
Papapolitis & Papapolitis advised the owner of one of the largest photovoltaic parks in Greece in relation to their entry into a €25 Million project financing transaction for the development of further parks in northern Greece.
A US ASSET MANAGEMENT COMPANY IN ITS $40 MILLION INVESTMENT IN RENEWABLE ENERGY
Papapolitis & Papapolitis advised a leading US asset management company in relation to its $40 Million investment in a portfolio of renewable energy assets throughout Greece.
A SOUTHEAST EUROPEAN TECHNOLOGY GROUP AS EXTERNAL LEGAL ADVISORS
We advised a major publicly listed technology group in Southeast Europe in relation to their compliance with telecoms regulations, filing requirements and their ongoing corporate governance.
RHODES DEVELOPMENT COMPANY IN ITS €60 MILLION LEISURE DEVELOPMENT IN RHODES
Papapolitis & Papapolitis advised Rhodes Development Company in their proposed €60 Million development on the island of Rhodes.
HELLENIC BUSINESS IN THEIR RENEWABLE ENERGY DEVELOPMENT
We advised Hellenic Business Energy in their development of photovoltaic parks and the acquisition of real-estate properties throughout Greece.
A RENEWABLE ENERGY FUND IN RELATION TO PV PARK DEVELOPMENTS IN GREECE
We advised a private equity renewable energy fund in respect of the structuring, establishment, development and land acquisition of photovoltaic parks throughout Greece.
