V&P is a one of a number of firms that has seen deal flow wither slightly in current events. Saying this, the team has been working on some significant deals across all the practice areas over the last 12 months, and market opinion indicates that it still justifies its position in the rankings....
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V&P is a one of a number of firms that has seen deal flow wither slightly in current events. Saying this, the team has been working on some significant deals across all the practice areas over the last 12 months, and market opinion indicates that it still justifies its position in the rankings.
Vgenopoulos has an impressive shipping practice, and a lot of its work comes from this. The strongest area overall for the firm was definitely M&A, where it had two strong deals with a shipping flavour. In one, the firm acted for Navios Maritime Holdings as the Navios Maritime Acquisition Corporation acquired a number of ship owning companies, a sizeable deal worth around a billion dollars. In another, it was instructed by Lemissoler Shipping Group with regard to the sale and leaseback of four ships from Newlead Holdings, a deal worth $43 million. These completed in September and November 2010 respectively, and leading lawyer John Papapetros headed up the teams.
The firm has been the recipient of a lot of work from Navios and not just within M&A. They started the year strongly in banking, with V&P acting for them in a senior secured notes issuance worth $400 million. This went ahead in January 2011, and once more John Papapetros was involved.
Papapetros also led on a deal advising Marfin Egnatia Bank on a loan facility to the Lemissoler group, a transaction worth $93 million which completed in November 2010.
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