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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 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
October 2019
BrookLane Capital Investment in Logistics Center
Papapolitis & Papapolitis acted for private equity investor Brook Lane Capital in their investment in a Greek logistics center.
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.
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.
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.
December 2018
Pillarstone Famar Restructuring
Papapolitis & Papapolitis advised Pillarstone (a KKR Credit pan-European platform) in its €234million multijurisdictional debt restructuring and recapitalisation of Famar AVE.
September 2018
ACQUISITION OF 200MW WIND PARK PORTFOLIO BY INTERNATIONAL PRIVATE EQUITY FUND
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 BY INTERNATIONAL PRIVATE EQUITY FUND
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.
May 2018
MULTIMILLION INVESTMENT IN GREEK REIC BY INTERNATIONAL PRIVATE EQUITY FUND
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.
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.
December 2015
National Bank of Greece €1.16 Billion Liability Management Exercise and Equity Offering
Papapolitis & Papapolitis acted as local counsel to Goldman Sachs International, Morgan Stanley & Co International Plc, Nomura International plc, Commerzbank, NBG Securities, Keefe, Bruyette & Woods, BNP Paribas, HSBC Bank Plc as joint global coordinators and joint book runners in the context of the €1.16 Billion liability management exercise and equity offering by National Bank of Greece, issuing legal opinions and drafting the offering documents including the LME document, International Offering Memorandum and Greek Prospectus.
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.
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.
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.
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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