The Lambadarios Law Firm, working with Bracewell, has advised Fotowatio Renewable Ventures on its acquisition of the majority stake in a 600-megawatt battery storage platform in Greece.
Fotowatio Renewable Ventures is a sustainable energy solutions developer.
The Lambadarios team included Managing Partner Constantinos Lambadarios and Partners Yannis Kourniotis and Melina Katsimi.
The KLC Law Firm has advised Taiped on its sale of a property in Nea Iraklitsa Kavala to Iraklitsa A.E. for EUR 91 million.
According to KLC, “the property consists of two adjacent seaside plots, with a total area of 149,733 acres, where the new owner intends to develop a tourist complex.”
KLC did not respond to our inquiry on the matter.
Bernitsas Law, working with Allen & Overy, has advised Piraeus Bank on its EUR 350 million issuance of senior preferred bonds and on their listing on the Luxembourg Stock Exchange’s Euro MTF market.
“The issuance is part of Piraeus Bank’s strategy to increase its minimum requirements for own funds and eligible liabilities, which is a supervisory requirement for all banks,” Bernitsas Law informed.
Bernitsas Law previously advised Piraeus Bank on the EUR 500 million issuance of green senior preferred bonds and their listing on the Euro MTF market (as reported by CEE Legal Matters on November 16, 2021).
The Bernitsas Law team included Partner Nikos Papachristopoulos and Associate Kelly Hatzigaki.
Zepos & Yannopoulos, working with White & Case, has advised Intrum and Intrum Hellas on the securitization transaction involving Piraeus Bank’s Sunrise III non-performing loan portfolio with a total gross book value of EUR 500 million.
“Intrum has agreed to purchase 44% of the mez and junior notes, subject to customary conditions precedent,” Zepos & Yannopoulos informed.
“The Sunrise III transaction is the third transaction under the wider Sunrise transformation program that Piraeus Bank announced in March 2021,” according to White & Case. “Intrum and Piraeus Bank have already closed six other Hellenic Asset Protection Scheme securitizations as part of their successful strategic partnership, now totaling over EUR 17 billion gross book value.”
In 2021, Zepos & Yannopoulos also advised Intrum on Piraeus Bank’s project Sunrise I (as reported by CEE Legal Matters on July 8, 2021).
The Zepos & Yannopoulos team was led by Partner Christina Papanikolopoulou and included Senior Associate Athina Palli and Associate Dimitra Androulakaki.
The White & Case team was led by Frankfurt-based Partner Dennis Heuer and included lawyers in Stockholm, Dubai, London, and Frankfurt.
Zepos & Yannopoulos did not respond to our inquiry on the matter.
On November 18, 2022, Zepos & Yannopoulos announced that Hoist Finance’s acquisition of a portfolio of unsecured non-performing loans with a total outstanding balance of approximately EUR 400 million from Alpha Bank (as reported by CEE Legal Matters on July 28, 2022) has closed.
As previously reported, Bernitsas Law has advised Hoist Finance on the acquisition. Zepos & Yannopoulos advised Alpha Bank on the transaction.
Alpha Bank is one of Greece’s systemic banks. Hoist Finance is a Swedish financial institution operating in 11 European countries with more than 1,600 employees.
The Bernitsas team was led by Partner Athanasia Tsene and included Junior Associate Maria Cheimona.
Zepos & Yannopoulos’ team included Partner Christina Papanikolopoulou, Of Counsel Kitty Fragalexi, Senior Associate Mary Nigritinou, and Associates Magda Tsatsi, Dimitra Androulakaki, and Pinelopi Klara.
Zepos & Yannopoulos has advised V-Group’s energy branch, Green, on the execution of a non-vertical long-term power purchase agreement with Heron Energy for the sale of energy generated from a 9-megawatt solar plant over a 12-year term.
V-Group operates in waste management, renewable energy sources, and financial investments.
Heron Energy is an energy supplier belonging to the Gek Terna group, a Greek conglomerate.
Zepos & Yannopoulos’ team included Partners Anastasia Makri, Paris Tzoumas, and Sofia Chatzigiannidou and Senior Associate Smaragda Spyrou.
Zepos & Yannopoulos did not respond to our inquiry on the matter.
Former Calavros & Partners Partner Dimitris Babiniotis has joined Zepos & Yannopoulos as a Partner and Head of Dispute Resolution.
Specializing in litigation and disputes, Babiniotis previously spent over 15 years at Calavros & Partners, where he worked as a Partner.
“Excited to be joining such a dynamic and young-at-heart firm and honored to be leading a remarkable team combining talent and experience,” Babiniotis added.
Bernitsas Law has advised Helleniq Energy Holdings on the EUR 33.5 million joint financing of its subsidiary Hellenic Petroleum Digital by Alpha Bank and the Recovery and Resilience Fund.
“The funds will be used for the financing of Hellenic Petroleum Group’s digital transformation program,” Bernitsas Law informed.
Helleniq Energy Holdings is an energy group in Southeastern Europe with activities in the energy value chain in six countries. Alpha Bank is a Greek bank.
The Bernitsas Law team included Partner Athanasia Tsene and Counsel Dionysis Flambouras.
Zepos & Yannopoulos has advised Westfort Capital Limited on the sale and financing restructuring of two hotels located in Rhodes and Crete.
Westfort Capital Limited is a hotel investment fund focused on resort hotels in Greece and Spain.
The Zepos & Yannopoulos team included Partner Paris Tzoumas, Senior Associate Sofia Tzianoumi, and Associates Niki Ignatidi, Pinelopi Klara, and Gina Dimitropoulou.
Zepos & Yannopoulos has advised Piraeus Bank on entering into a strategic partnership with Resolute Asset Management Group subsidiary Resolute Hellas for the management of the bank’s real estate portfolio.
Resolute is a real estate asset manager working with investors and lenders like financial sponsors and institutions, institutional investors, and the public sector. Piraeus Financial Holdings subsidiary Piraeus Bank is a Greek bank that specializes in small and medium-sized enterprises, retail banking, e-banking, and capital markets.
The Zepos & Yannopoulos team was led by Partners Elena Papachristou, Christina Papanikolopoulou, and Paris Tzoumas and included Senior Associate Stathis Orfanoudakis and Associates Dimitra Androulakaki, Vivian Efthymiou, and Alexis Kontogiannis.
Zepos & Yannopoulos did not respond to our inquiry on the matter.