CORPORATE AND M&A

Our team regularly advises on large and complex M&A transactions with cross-border elements across a variety of industry sectors and is highly experienced in providing ongoing support to large corporations in respect of all their corporate matters.
 

Our Corporate and M&A practice is consistently rated as a leading and Top-Tier practice and has received numerous awards and international recognitions. Our clients include international companies focused on inward investment and Greek corporations in their local and global activities.

Our M&A team is made up of attorneys with international expertise coupled with an in-depth knowledge of the Greek market. As a full service firm, our experience extends beyond transactional work and we also service our clients through every stage of their company's life-cycle. We advise on public and private corporate transactions within an international and local context and undertake legal structuring, due diligence, negotiation and implementation of mergers, acquisitions, demergers, restructurings, tender offers and leveraged buyouts, as well as privatizations. We navigate our clients through the ever developing legal and regulatory framework, and advise on the EU, competition and antitrust aspects of transactions.

We use our experience to cater to the distinct legal needs of differing market participants and industry sectors, as well to advise on the risk and liabilities, but also potential for return, inherent in corporate transactions and to ensure our clients achieve their corporate goals. Our familiarity with international transactions enables us to translate global structures to the local environment and local concerns to the international environment. Our overriding aim is to align our service with our client's needs.

Our experience covers industry sectors such as finance, leisure and hospitality, real estate, energy, infrastructure, gaming, food, technology and telecoms.

 
The ‘well-established’ team at Papapolitis & Papapolitis delivers an ‘outstanding’ level of service
Papapolitis & Papapolitis is ranked by Chambers Global 2016 for its work in Corporate/Commercial.
Papapolitis & Papapolitis is ranked by Chambers Europe 2015. 'A truly all-round firm providing excellent advice.'
Papapolitis & Papapolitis is ‘an invaluable adviser for high-end M&A transactions’. Clients liken it to a Magic Circle firm ‘in terms of professionalism, execution and response times’.
Papapolitis & Papapolitis is ranked as a Leading Firm by Chambers & Partners Europe. 'This firm is excellent for corporate law because of its business-minded approach'.
Papapolitis & Papapolitis is ‘best in class for high-end M&A transactions’. 
Papapolitis & Papapolitis is ‘a go-to firm for a range of high-quality, complex corporate matters’. The ‘service is always exceptional’ and the team ‘obviously knows the Greek market very well’. 
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September 2019
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 in Greece.
August 2019
CP Holdings acquisition of Eltrak Group
Papapolitis & Papapolitis advises CP Eltrak Ltd. in relation to the acquisition of 66.03% of ATHEX listed Eltrak Group, and for the Mandatory Tender Offer launched post the acquisition of CP Eltrak's shareholding participation.
July 2019
Acquisition of Titania Hotel
Papapolitis & Papapolitis acted for London & Regional Properties in relation to the acquisition of the Titania Hotel, in one of the largest hospitality transactions of 2019.
June 2019
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 (“NBG”), in one of the largest M&A and real-estate transactions to take place in Greece.  The P&P team also advised Invel on the debt financing it received from Piraeus Bank, the European Bank for Reconstruction and Development (EBRD), Astro Bank and Hellenic Bank.
May 2019
Acquisition of Scorpios Beach Club and San Giorgio Hotel
Papapolitis & Papapolitis acted for leading hotel chain Soho House in relation to their acquisition of Scorpios Beach Club and San Giorgio Hotel on the island of Mykonos.
February 2019
Acquisition of Hilton Athens Hotel
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its acquisition and investment in the Athens Hilton Hotel.
January 2019
Investment in Leading Hospitality Company
Papapolitis & Papapolitis acted for a private multinational enterprise in relation to its investment in a premier destination developer and operator in the high-end tourism and real-estate sector.
January 2019
Acquisition of Hilton Nicosia Hotel
Papapolitis & Papapolitis acted for Invel Real Estate in its capacity as majority shareholder of NBG Pangaea REIC for the acquisition of the Hilton Nicosia Hotel.
October 2018
Acquisition of Nikki Beach Porto Heli Hotel
Papapolitis & Papapolitis acted for Invel Real Estate in relation to its acquisition of the Nikki Beach Porto Heli Hotel
September 2018
Acquisition of 200MW Wind Park Portfolio
Papapolitis & Papapolitis acted for a $75bn global investment firm in its acquisition and project financing of a 200MW portfolio of wind parks located throughout in Greece.
August 2018
Acquisition of €1.5Bn NPL Portfolio
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.
August 2018
Sale of Leading Healthcare Center
Papapolitis & Papapolitis acted for a global alternative asset investment firm in relation to its participation in a tender process held by Piraeus Bank for the acquisition of a leading healthcare center.
June 2018
Acquisition of NAI Hellas by Pepper Europe
Papapolitis & Papapolitis acted for Pepper Europe a global financial services business in its acquisition of NAI Hellas a leading Greek real-estate asset management business.
May 2018
Multimillion Investment in Greek REIC
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.
May 2018
Acquisition of Ideal Standard S.A.
Papapolitis & Papapolitis acted for Anchorage Capital Group LLC and CVC Capital Partners in relation to their investment in Ideal Standard S.A.
March 2018
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.
December 2017
Pimco investment in Grivalia REIC
Papapolitis & Papapolitis acted for PIMCO in its investment in Grivalia REIC
June 2017
Cepal Hellas merger of Loan Servicing Company
Papapolitis & Papapolitis acted for a portfolio manager in its merger with Cepal Hellas the first company to be licensed as a loan servicing company by the Central Bank of Greece
June 2017
Varde Partners investment in Lamda Malls S.A.
We advised Värde Partners, a global alternative investment fund, in relation to its acquisition of  31.7% of Lamda Malls S.A. from Lamda Development S.A.
January 2017
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.
August 2016
Ticketmaster Acquisition of Tickethour
Papapolitis & Papapolitis acted for Ticketmaster, a Live Nation Entertainment, Inc. (NYSE: LYV) company, in its global acquisition of sports ticketing provider, the Tickethour Group. Please click here to view the press release.
January 2016
Philips Greece on Ongoing Corporate Governance Matters
Papapolitis & Papapolitis continues to advise Philips Hellas on their ongoing corporate governance and compliance requirements, on a variety of legal matters arising in the course of their business activities and their entry into commercial agreements and public tenders.
February 2015
Third Point Investment in Auto Insurer Hellas Direct
Papapolitis & Papapolitis advised Third Point Hellenic Recovery Fund in their investment in the auto insurer Hellas Direct, in what is currently the only investment initiated in 2015 by an international fund in Greece.
August 2014
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 in the largest transaction in the telecom industry to take pace in Greece in 2014.
May 2014
Paulson & Co. in Investment in EYDAP
Papapolitis & Papapolitis acted for Paulson & Co in its acquisition of 9.9% of the share capital of the Athens Water Supply and Sewerage Company (EYDAP).
April 2014
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.
February 2014
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.
February 2014
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.
January 2014
York Capital in its €125 Million Investment in Invel Real Estate’s €653 Million Acquisition of 66% of NBG Pangaea REIC
Papapolitis & Papapolitis acted for investment management firm York Capital Management (UK) Europe Advisors, in respect of their investment in Invel Real Estate Partners’ €653 Million acquisition of a 66% stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece. The team advised on the negotiation of the terms of York’s €125 Million investment and on banking, regulatory, capital markets, corporate and antitrust matters, working alongside counsel in the UK, Italy, The Netherlands and Luxembourg.
January 2014
Hellas Online in its Corporate Restructuring and Spin-Off of Businesses
Papapolitis & Papapolitis acted for leading fixed line and broadband services provider, Hellas Online, on the corporate restructuring of the company that led to the outsourcing of the Customer Operations, Retail Sales and Retention departments to third party providers. The successful completion of the corporate restructuring paved the way for over 450 employees to join the third party providers and enabled Hellas Online to focus on its core provision of fixed line and broadband services.
December 2013
York Capital Management in €100 Million Investment in the GEK Terna Group
Papapolitis & Papapolitis acted for York Capital Management in respect of their agreement with the GEK Terna Group, pursuant to the terms of which York Capital invested €100 Million in GEK by fully subscribing to the issuance of a 5 year bond loan, mandatory convertible partly to new GEK shares and partly exchangeable with existing Terna Energy shares owned by GEK. York Capital also acquired 9.99% of GEK’s share capital through a share capital increase and 3% of Terna Energy’s share capital previously held by GEK. York Capital’s investment signifies one of the largest foreign direct investments in a privately held Greek company during 2013.
November 2013
Third Point in its €40 Million Participation in Hellenic Bank's Share Capital Increase
Papapolitis & Papapolitis acted for Third Point in its €40 Million investment in the Cypriot based Hellenic Bank following their recapitalization to reach a core TIER1 capital ratio of 9%, in accordance with the requirements laid out in PIMCO’s due diligence report on Cypriot banks.
November 2013
The Dogus Group in the Acquisition of the Astir Palace Hotel
Papapolitis & Papapolitis acted for Dogus Holding in its successful €400 Million bid as an investor in Jermyn Street Real Estate Fund IV, to acquire 85% shares of Astir Palace from the National Bank of Greece and the Hellenic Republic Asset Development Fund, signifying one of the largest privatizations and M&A transactions and the second largest real-estate transaction in the Greek market for 2013.
May 2013
York Capital Management in its $500 Million Joint Venture with Costamare
Papapolitis & Papapolitis acted as co-counsel with Reed Smith to York Capital Management Global Advisors in relation to their entry into a joint venture framework deed with NYSE listed shipping company Costamare, to jointly invest up to c.$500 Million in equity for the acquisition of container vessels.
May 2013
Third Point Hellenic Recovery Fund in its €60 Million Investment in Energean Oil and Gas
Papapolitis & Papapolitis acted as Greek Counsel to Third Point Hellenic Recovery Fund in its $60 Million investment in Energean Oil and Gas.
March 2013
Third Point LLC in its Participation in the OPAP Privatization
Papapolitis & Papapolitis acted as Greek Counsel to Third Point LLC, in relation to Third Point’s bid in the OPAP Privatization process.
November 2012
Chipita SA and Chipita America in Sale of New York Style and Old London Brands to B&G Foods
Papapolitis & Papapolitis acted as Greek Counsel to Chipita SA and Chipita America for the sale of the New York Style and Old London Brands to B&G Foods Inc (BGS), a company listed on the NYSE, for $62.5m. Reed Smith acted as US Counsel to Chipita SA and Chipita America. Dechert acted as US Counsel to B&G Foods Inc. Please click here to view the press release.
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