Sarantitis is a heavily corporate firm with a good banking capability. Despite a tight market the firm's capital markets and M&A practices have carved out some smart deals this year....
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Sarantitis is a heavily corporate firm with a good banking capability. Despite a tight market the firm's capital markets and M&A practices have carved out some smart deals this year. In one sizeable mandate it acted on a debt to equity conversion, as part of the wholesale restructuring of MJ Maillis Group, a large producer of packing and wrapping materials. This also entailed a share capital increase, not to mention the work concerning 18 separate jurisdictions. The team is yet to wrap up the deal, but the entire structure is worth €250 million, with €75 million for the increase in share capital.
In M&A, the firm advised on the sale of €90 million 25% of Griffin Group, a marine travel concern, in a deal structured as a classic leveraged buyout completed in October 2010. Another team advised on the guarantees and loans for the seller.
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