Category Archives: TRANSACTIONS

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 an international premium private school

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, K.L.M. S.A. and Intracom Properties

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 PIRAEUS BANK as bondholders’ representative.

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 23,08% were allocated to Qualified

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 to the Hellenic Asset Protection

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.

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 a shareholding participation 87,01% in

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