Our lawyers have extensive experience in large domestic and international joint-ventures, M&A’s and equity investments, negotiating, drafting and reviewing relevant documentation. In addition we are able to provide advice in relation all types of corporate transformations & restructurings.
Metallurgic sector JV
Acting for a leading Greek company in the process of a JV with the metallurgic branch that would be spun-off from another major Greek company. Our involvement includes a full fledge due diligence of the branch, as well as drafting of the JV agreement and the shareholders agreement.
Acquisition of company in the cosmetics sector
Acting for the target company in the cosmetics sector in a bidding process for a whole or partial acquisition. HSBC Bank acted as the financial advisor. The bidding process was finally aborted
Acting for M&M Gas Co, Mytilineos Group and Motor Oil joint venture bidding for the acquisition of 100% of an SPV, which holds a 49% stake in EPA Attikis (Attiki Gas Supply Company S.A) and has the management rights. Our engagement involved full fledge due diligence of the SPV and EPA Attikis, comments on the SPA and provision of legal advice to the bidder regarding its bid. The bidding process was finally aborted.
Purchase by Mytilineos Holdings of 50% of Endesa Hellas stake
Acting for MYTILINEOS HOLDINGS S.A. in the acquisition of 50.01% of the share capital held by Endesa Dessarollo S.L. in the joint company ENDESA HELLAS PRODUCTION AND TRADE OF ELECTRICAL POWER S.A. The total value of the transaction was €140 million. We also advised same client in the closing of the transaction with the acquisition by ENEL GREEN POWER, a subsidiary of ENEL, of one wind park and three hydropower plants with a total installed power generation capacity of around 14 MW, which belonged to the Endesa Hellas portfolio, for a price of €20 million. This acquisition was a highlight transaction of 2010 since it marked MYTILINEOS HOLDINGS S.A. as the largest independent energy producer in Greece. For more details on our involvement in the deal see cover story in the May 2010 edition of Acquisition Finance Magazine (http://view.vcab.com).
Merger Aegean Airlines with Olympic Air, Olympic Handling and Olympic Engineering
Acting for AEGEAN AIRLINES in the acquisition of OLYMPIC AIR, OLYMPIC HANDLING AND OLYMPIC TECHNICAL SERVICES (former state run air carrier) from Marfin Investment Group (MIG) at value of €210 million following a scheduled share capital increase by MIG of €97.5 million and participation of MIG in the share capital of AEGEAN AIRLINES as well as merger of the airport activities into a new company that will be listed on the Athens Exchange. The transaction is conditional upon the approval of the competent authorities. The transaction was proven challenging as regards both structuring and managing workload in condensed time for getting the deal done.
Acquisitions of Portobello Hotels
Acting for one of the shareholders initially in the acquisition of the majority shareholding and finally in the acquisition of 100% of the share capital of two major hotels on the island of Kos. During our involvement we advised our client on corporate issues and we negotiated and drafted the documentation for the transactions.