NIKOLAS KATSAROS

Nikolas advises extensively on domestic and cross-border finance and capital markets transactions, across the capital structure, including secured and unsecured lending as well as private placements and public offerings of equity and credit instruments, acting for lenders and underwriters, such as banks, funds and institutional investors, as well as for issuers.

Alongside the finance practice, Nikolas has also developed a growing corporate practice, encompassing takeovers, M&As, shareholder agreements and general corporate law matters.

He is experienced in structuring and documenting transactions, as well as in identifying and resolving key issues with a view to closing deals.

Nikolas is recognized as a “Leading Individual” by the Legal 500 EMEA 2024, as a “Highly Regarded Lawyer” by the IFLR 1000 2024, and has recently also been recognized as one of Greece’s recommended capital market practitioners in Lexology’s Who’s Who Legal: Capital Markets 2024 Report.

SPECIALISED IN

BANKING, FINANCE & CAPITAL MARKETS, CORPORATE AND M&A, FUNDS

nkatsaros@papapolitis.com

‘Very active in handling international transactions with reputable international funds.’

LEGAL 500 EMEA 2024

PROFESSIONAL ADMISSIONS / QUALIFICATIONS

Athens Bar

LEGAL EDUCATION

LLM in EU Law, University of Essex
LLB, University of Essex

Representative Matters

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

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

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

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

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

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

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

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

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

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

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.

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.

Intralot Share Capital Increase

Papapolitis & Papapolitis is advising the Intralot Group in relation to its share capital increase and strategic agreement with Standard General.

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.

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

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

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

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

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.

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.

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

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.

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.

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.,

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

€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

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

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 €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 €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.

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.

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

PIMCO INVESTMENT IN GRIVALIA REIC

Papapolitis & Papapolitis acted for PIMCO in its investment in Grivalia REIC

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.

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

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

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

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

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.

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

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.

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10674 / Athens, Greece

T. +30 210 3615544
F. +30 210 3609168
E. athens@papapolitis.com

LONDON

111 Park Street,
London, W1K 7JL, UK

T. +44 203 655 7940
F. +44 203 655 7940
E. london@papapolitis.com

Stay Connected

ATHENS

Leoforos Vasilissis Sofias 16,
10674 / Athens, Greece

T. +30 210 3615544
F. +30 210 3609168
E. athens@papapolitis.com

LONDON

111 Park Street,
London, W1K 7JL, UK

T. +44 203 655 7940
F. +44 203 655 7940
E. london@papapolitis.com

Stay Connected