Banking, Finance & Capital Markets:
Contact: Nikolaos Katsaros
Tel: +30 210 361 5544
Еmail: nkatsaros@papapolitis.com
Contact: Elena Papachristou Partner, Co-Head of Capital Markets & Financial Services
Tel: +302103615544
Email: epapachristou@papapolitis.com
Recent case highlights:
- Acted for Morgan Stanley in its capacity as Arranger in the context of the Frontier II transaction, involving the securitization by the National Bank of Greece of a portfolio of non-performing exposures with a total gross book value of c. EUR 1 Billion backed by the State guarantee pursuant to the Hellenic Asset Protection Scheme (“Hercules III”).
- Acted for Alpha Bank S.A., acting through its Luxembourg Branch, Attica Bank S.A., Banca Monte dei Paschi di Siena S.p.A., Banco BPM S.p.A., BdM BANCA S.p.A., BPER Banca S.p.A., Citibank N.A., London, Eurobank S.A., Intesa Sanpaolo S.p.A., Mediobanca - Banca di Credito Finanziario S.p.A., Mediocredito Centrale - Banca del Mezzogiorno S.p.A., Piraeus Bank S.A., acting through its Frankfurt Branch and UniCredit S.p.A. as Mandated Lead Arrangers, UniCredit S.p.A. as Facility Agent and Security Agentas as counsel on matters of Greek law to the Lenders and to the Security Agent in relation to a USD 572 Million Senior Facilities Agreement with doValue S.p.A. as Borrower, including in relation to the granting of guarantee by its Greek subsidiary doValue Greece Loans and Credits Claim Management S.A. as Guarantor and to the taking of security over the shares and the intragroup obligations of the Greek subsidiary.
- Acted for Intralot Group in relation to the issuance of a Bond Loan of USD 107,9 Million with Arrangers Piraeus Bank and the National Bank of Greece. The proceeds of the Bond Loan were used to fully redeem the outstanding capital of the Senior Notes due September 2024, issued by subsidiary Intralot Capital Luxembourg S.A.
- Acted for Intralot S.A. regarding the issuance of USD 140,9 Million bonds by way of public offer in Greece and their listing on the Athens Stock Exchange.
- Acted for Eurobank S.A. in relation to the second Greek Recovery and Resilience Fund (RRF) Co-Financing facility to auto leasing company Avis Greece for financing Avis investment project of supply of new anti-pollution technology cars with a total amount of a first phase of US$ 120,5 Million (March 2024).
- Acted for V Tourism S.A., a Greek Societe Anonyme company, and its shareholders Prodea Investments, the largest REIT in Greece, and Invel Real Estate Group with respect to a US$ 31 Million financing from Eurobank S.A. and Greek Recovery and Resilience Fund, in relation to the acquisition and development of a hotel property in Milos Island (Greece) (April 2024).
- Acted for an EU based fund in relation to its participation in the bidding process for the acquisition of a loans portfolio originated by Greek banks under liquidation and managed by PQH Single Special Liquidation S.A. (April 2024).
Corporate and M&A:
Contact: Evi Tsilou
Tel: +30 210 361 55 44
Еmail: etsilou@papapolitis.com
Recent case highlights:
- Acted for London and Regional Properties in the sale of 100% of the company TITANIA S.A., the owner of the historic TITANIA hotel in Athens to the H Hotels Collection, marking the largest transaction in the hospitality sector in Q1 2024.
- Acted for Intracom Holdings and its 100% subsidiary Intracom Properties S.A in relation to the acquisition of Europa Insurance for €50 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 S.A.
- Acted for Dukes Education Group Ltd. in connection with the acquisition of the shares of the “I.S.A. THE INTERNATIONAL SCHOOL OF ATHENS” which operates, via its Greek Branch, 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 operator in an international school based in Greece.
- Acted for Germany-based investment holding Armira and Viessmann Generations Group on the Greek law aspects of the acquisition of a minority stake in the Greek pharmaceutical company Pharos Generics Holding S.A.
- Acted for Intracom Holdings S.A., an ATHEX listed company, in its corporate transformation into an investment company with a capacity of approximately US$ 0.5 Billion through a spin off and the incorporation of Intracom Properties Single Member S.A.
- Acted for Lamda Development S.A. on the implementation of 2 strategic cooperation agreements with Temes S.A. for the joint development of 2 state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Hellinikon, in southern Athens, with a construction completion horizon of 2026.
- Acted for Lamda Development (LAMDA:GA) in the corporate transformation of its entire shopping malls sector implemented through a series of corporate transformations resulting to the concentration of all four existing shopping centers owned by Lamda Group.
- Acted for London & Regional Properties London and Regional Properties, and more specifically its 100% subsidiary London and Regional Group Hotel Holdings, on the sale of 100% of the shares of the Greek S.A. company “LANDA S.A.”, which is the owner of the Rhodes Bay Hotel & Spa and Elite Suites by Rhodes Bay in Rhodes, to the H Hotels
Collection.
- Acted for Taconic Capital Advisors UK LLP, a global institutional investment firm, with respect to the acquisition of the ex-Costa Perla Hotel located in Porto Heli, Greece, owned by Utherton Ltd, a Cypriot company and the demolition, planning and construction of a complex tourist accommodation comprising of a new luxury hotel and residential villas.
Real Estate:
Contact: Panayiotis Papageorgiou
Tel: +30 210 361 5544
Еmail: ppapageorgiou@papapolitis.com
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Acted for Hellinikon S.M.S.A. (subsidiary of Lamda Development S.A.) with respect to the outright sale of the full ownership rights in five (5) distinct urban blocks in the area of the Metropolitan Pole of Hellinikon – Aghios Kosmas, in Athens, Greece, for residential use. totaling €106 million. The total investment for these developments is projected to reach at least €300 million.
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Acted for Arish Capital Partners on the acquisition of a prime property in Patras, the third largest city in Greece and home to 35,000 students. This property will be transformed into “Wanderwall” – a state-of-the-art student accommodation facility. Once redeveloped, “Wanderwall” will feature 56 furnished student apartments and studios, modern amenities such as a gym, communal study areas, a cinema, laundry facilities, and more, making it the most ultra-modern student accommodation building in Patras.
- Acted for Lamda Development S.A. in relation to the completion of 2 strategic cooperation agreements valued at EUR 300 million with Temes S.A. for the joint development of 2 state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Ellinikon, in southern Athens. The largest by size transaction in the hospitality sector in Greece.
- Acted for Lamda Development S.A. in the EUR 110 million acquisition of McArthur Glen Hellas, the owner of McArthur Glen Designer Outlet, which is the leading designer outlet in Greece. One of the largest by size acquisition of in the retail sector in Greece.
- Acted for Taconic Capital Advisors UK LLP, a global institutional investment firm, with respect to the acquisition of the ex-Costa Perla Hotel located in Porto Heli, Greece, and the demolition, planning and construction of a complex tourist accommodation comprising of a new luxury hotel and residential villas. Once the project is finished, it will constitute one of the top complex tourist accommodations in Greece.
Dispute Resolution:
Contact: George Gravias
Tel: +30 210 361 5544
Еmail: ggravias@papapolitis.com
Recent case highlights:
- Advising Public Gas Corporation of Greece S.A. (DEPA) in an approx. EUR 180 Million dispute over gas prices with a Greek company in the chemicals industry.
- Acted for Philips Hellas in relation to various disputes arising from healthcare public tenders as well as the private sector, totaling approx. EUR 32 Million.
- Acted for Diophar Pharmaceuticals, a leading Greek pharmaceutical company in relation to a EUR 15 Million civil dispute with the Greek branch of a global US pharmaceutical company.
- Advising Intracom Holdings S.A. in a EUR 20 million dispute relating to the sale of a former telecommunications company.
- Advising Intralot S.A. in a EUR 12 million dispute with entities owned by the public sector as well as the Greek State.
- Advising Pylaia S.A. (subsidiary of Lamda Development S.A.) in a EUR 40 million dispute regarding negligence of infrastructure against a Greek construction company.
