Dracopoulos & Vassalakis is a strong corporate firm with reputation for advising on privatisation mandates, acting for the state as seller.
The firm has a notable debt capital markets practice and advised two commercial Greek banks on covered bond issues – a rarity since the Greek debt crisis – during the research period. It is also experienced in the NPL related work, having advised a loan servicer on a portfolio securitisation.
In M&A the firm typically advises Greek state funds and private companies on selling to foreign entities. On the buy side, the firm recently advised American on acquisitions of Greek companies.
During the research period the firm formed a strategic alliance with local Greek law firm Your Legal Partners.
Recent Deal Data highlights
•Alpha Bank €500 million 2.75% covered bond issue
•Hellenic Republic Asset Development Fund privatisation of 30% stake in Athens International Airport
•Hellenic Republic Asset Development Fund Privatisation of Alimos Marina
•National Bank of Greece €750 million 2.9% covered bond issue
•Piraeus Bank €500 million covered bond issue
"Responsive and deep knowledge of the legal framework." – Capital markets: debt
"Dracopoulos & Vassalakis provided excellent work. They were fast and efficient and they were able to solve any problem that appeared during the due diligence. Furthermore, they were always available to discuss our concerns and queries." – Capital markets: structured finance and securitisation
"We are extremely satisfied with their work due to their expertise in securitization and covered bonds and their professionalism and efficiency in delivering demanding projects. It has acted for the banks on some landmark transactions in the country. The deep knowledge and easy availability of their team is greatly appreciated." – Capital markets: structured finance and securitisation
"Excellent work. Very professional and extremely knowledgeable firm adding a lot of value to our Venture Capital firm." – Investment funds
"Very good overall cooperation with solid and prompt responses to our legal issues/questions." – M&A
"Excellent knowledge of our company, industry and always available for us. Never had any problems with keeping up with new regulations and laws."
"Mrs Afrati was excellent at her work. She was always available when needed and provided us with solutions to our every problems."
"Very hardworking lawyer with an excellent attention to details and very focused on problem solving. Highly appreciate her input in our dealings."
"Highly experienced professional, very aware of business in addition to legal issues and going the extra mile to provide support."
"Mr Yiannis Palassakis has been our legal partner for almost 10 years. He has deep knowledge of our bank, industry and the country. He is very approachable, effective and efficient in delivering all kinds of demanding projects. We feel that we can always count on him and his team. Furthermore, Mr. Palassakis takes great consideration of the financial situation happening in the country in the past few years and we always feel great value for money in the service and work he's provided to us."
"Responsive and deep Knowledge of the legal framework."