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FUNDS

As the only Greek law firm with a dedicated Funds practice, we provide an unrivalled service offering in this sector and are widely recognized as the leading go-to firm for asset managers looking to invest in the country.
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We have executed the largest and most complex investments across the capital structure which have taken place in Greece in recent years.

Our familiarity and expertise in fund formation and fund structures domiciled in offshore jurisdictions, the US and Europe offer us a unique insight when advising clients on how to structure, execute and exit their investments in a manner that maximizes their returns.

Our Funds team has received numerous awards and international recognitions. Clients include some of the world’s largest and most sophisticated financial institutions and investment houses, ranging from hedge funds to private equity and sovereign wealth funds.

Our recent highlights include advising the investors in:

  • Τhe largest investment in a Greek corporate since Greece entered the MoU with the Troika
  • Τhe lenders on the first convertible and exchangeable bond loan to two Greek listed companies
  • Οne of the few sales of Greek loan portfolios from a bank based in Greece
  • Οne of the largest shipping joint ventures in the container industry between a financial sponsor and a US listed shipping company
  • Τhe financial sponsors in their investment in the only Greek oil and gas exploration company
  • Τhe largest real-estate transaction to ever take place in Greece

Our London office allows members of our Funds team to spend time located physically close to our clients and provide the most up to date and efficient service.

We advise private equity, hedge funds and large family offices in both credit and equity investments in local and cross border transactions. As a firm that consistently acts for investors on buy-side and financing transactions, we are uniquely positioned in the market.

We provide advice relating to both liquid assets, such as listed securities and Greek government bonds, and hard fixed assets domiciled in the region.

 
Papapolitis & Papapolitis are named winners of the Fund Law Firm of The Year - Greece by the Corporate Livewire Global Fund Awards 2016.
Papapolitis & Papapolitis receives the Best Fund Lawyers - Greece Award at the International Hedge Fund Awards 2015.
Nicholas Papapolitis is named Fund Focused Lawyer of the Year by the Corporate Livewire Global Fund Awards 2015.
Papapolitis & Papapolitis is ranked as a Recommended Firm by the IFLR 1000 2014. Papapolitis & Papapolitis has expertise in corporate and real estate primarily, while also having developed a practice acting for hedge funds and general investment funds on structuring and acquisitions.
Papapolitis & Papapolitis is awarded the Greek Sustained Excellence Award by the International Hedge Fund Awards 2013.
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REPRESENTATIVE MATTERS
April 2015
GSO/Blackstone Group in Investment in Listed Real Estate Developer Lamda Development Acquiring c20% of the Company
Papapolitis & Papapolitis acted for the GSO/Blackstone Group in respect of its investment in the Greek listed real-estate development company Lamda Development SA. With this investment the GSO/Blackstone Group increased its shareholding participation in Lamda to circa 20%.
May 2014
Paulson & Co in its Acquisition of 5% of Alpha Bank and Piraeus Bank and 10% of water utility company EYDAP
Papapolitis & Papapolitis acted for Paulson & Co in relation to its 5% acquisition of Alpha Bank and Piraeus Bank.
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).
March 2014
BlackRock Solutions in its Diagnostic Assessment of the Greek Banking System
A team led by Nicholas Papapolitis advised international advisory firm BlackRock Solutions in respect of their diagnostic assessment of the loan portfolios of a select group of Greek commercial banks following BlackRock’s engagement by the Bank of Greece. The assessment consisted of the four workstreams Asset Quality Review, Credit Loss Projections, Troubled Asset Review and Foreign Loan Books Review.
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.
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.
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.
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.
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.
February 2013
The Baupost Group in its Investment in OPAP
Papapolitis & Papapolitis acted for US hedge fund the Baupost Group in relation to the submission of regulatory filings to the Hellenic Capital Markets Commission for the disclosure of the 5% shareholding participation in the listed Greek gaming company OPAP.
January 2013
PIMCO Europe in the Due Diligence of the Banking System of Cyprus
Papapolitis & Papapolitis acted for Pacific Investment Management Company (PIMCO) as Greek counsel, in relation to the independent due diligence of the banking system of Cyprus.
October 2012
Third Point in their Subscription to DCI Placement
Papapolitis & Papapolitis acted as Greek counsel to Third Point in relation to the execution of a €45 Million subscription agreement with Dolphin Capital Investors (DCI), for DCI's €50 Million placement for new shares. Please click here to view the press release on this transaction.
September 2012
A Leading US Hedge Fund in its $500 Million Acquisition of Bonds
Papapolitis & Papapolitis advised a leading US hedge fund in relation to the acquisition of a portfolio of $500 Million of bonds guaranteed by the Greek Government.
April 2012
Foreign Holders of Greek Bonds in Relation to the PSI Bond Exchange
On 24 February 2012, the Greek Government issued an invitation memorandum for holders of domestic and foreign law bonds issued or guaranteed by the Hellenic Republic, to exchange their bonds with new bonds with a new maturity date and of new value, the Private Sector Initiative (PSI). Papapolitis & Papapolitis acted as Greek Counsel to foreign holders of Greek bonds, such as the Baupost Group, in their participation in the PSI and the invitation of the Greek Government.
February 2012
A US Asset Management Company in its $40 Million Investment in Renewable Energy
Papapolitis & Papapolitis advised a leading US asset management company in relation to its $40 Million investment in a portfolio of renewable energy assets throughout Greece.
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