Papapolitis & Papapolitis

Managing Partner: Nicholas Papapolitis

Number of partners: 8

Number of lawyers: 31

Languages: English, French, German, Greek

Firm Overview

Papapolitis & Papapolitis is a leading full service business law firm with offices in Athens and London and a unique international outlook. The firm has built on the foundations of a long heritage intertwined with contemporary success. The firm aims to attract the most talented lawyers it can find and has developed a results orientated culture of high performance and innovation. With a deep understanding of its market and globally minded philosophy, the firm is uniquely positioned to act for foreign investors and corporations looking to invest or establish themselves in Greece. The track record of successfully advising governments, international and local banks, financial institutions, large corporates and state-owned entities, as well some of the world’s largest and most sophisticated financial investors, spans over 126 years.

Lawyers advise clients on a broad range of commercial arrangements and issues across a number of industry sectors. The combination of high level technical expertise and a commercial approach ensures that clients receive practical and viable legal advice, tailored to the needs of their business in the way that they want and can understand.

Main Areas of Practice:

Banking & Finance

Capital Markets & Financial Services Regulation

Corporate/ M&A

Funds

Energy

Real Estate

Restructuring

Project Development

Dispute Resolution

• Acted for Morgan Stanley in its capacity as Arranger in the context of the Frontier II transaction, involving the securitization by the National bank of Greece of a portfolio of non-performing exposures with a total gross book value of c. EUR 1 Billion backed by the State guarantee pursuant to the Hellenic Asset Protection Scheme (“Hercules III”).
• Acted for Alpha Bank S.A., acting through its Luxembourg Branch, Attica Bank S.A.,Banca Monte dei Paschi di Siena S.p.A., Banco BPM S.p.A., BdM BANCAS.p.A., BPER Banca S.p.A., Citibank N.A., London, Eurobank S.A., IntesaSanpaolo S.p.A., Mediobanca - Banca di Credito Finanziario S.p.A.,Mediocredito Centrale - Banca del Mezzogiorno S.p.A., Piraeus Bank S.A.,acting through its Frankfurt Branch and UniCredit S.p.A. as Mandated Lead Arrangers, UniCredit S.p.A.as Facility Agent and Security Agentas as counsel on matters of Greek law to the Lenders and to the Security Agent in relation to a EUR 526 Million Senior Facilities Agreement with doValue S.p.A. as Borrower, including in relation to the granting of guarantee by its Greek subsidiary doValue GreeceLoans and Credits Claim Management S.A. as Guarantor and to the taking of security over the shares and the intragroup obligations of the Greek subsidiary.
• Acted for Intralot Group in relation to the issuance of a Bond Loan of EUR 100 Million with Arrangers Piraeus Bank and the National Bank of Greece. The proceeds of the Bond Loan were used to fully redeem the outstanding capital of the Senior Notes due September 2024, issued by subsidiary Intralot Capital Luxembourg S.A.
• Acted for Eurobank S.A. in relation to the second Greek Recovery and Resilience Fund (RRF) Co-Financing facility to auto leasing company Avis Greece for financing Avis investment project of supply of new anti-pollution technology cars with a total amount of a first phase of EUR 112 Million (March 2024).
• Acted for Intralot S.A. regarding the issuance of EUR 130 Million bonds by way of public offer in Greece and their listing on the Athens Stock Exchange.
• Acted for V Tourism S.A., a Greek Societe Anonyme company, and its shareholders Prodea Investments, the largest REIT in Greece, and Invel Real Estate Group with respect to a EUR 34 Million financing from Eurobank S.A. and Greek Recovery and Resilience Fund, in relation to the acquisition and development of a hotel property in Milos Island (Greece) (April 2024).
• Acted for an EU based fund in relation to its participation in the bidding process for the acquisition of a loans portfolio originated by Greek banks under liquidation and managed by PQH Single Special Liquidation S.A. (April 2024).

Key Clients: Alpha Bank, Intralot S.A., Eurobank, Piraeus Bank, Depa Commercial S.A., Morgan Stanley & Co, Invel Real Estate, Prodea Investments

Contact: Nikolaos Katsaros

Tel: +30 210 361 5544

Email: [email protected]

Contact: Elena Papachristou

Tel: +30 210 361 5544

Email: [email protected]

• Acted for Intracom Holdings S.A., an ATHEX listed company in its corporate transformation into an investment company with a capacity of EUR 0.5 Billion through a spin off.
• Acted for Lamda Development on the implementation of 2 strategic cooperation agreements with Temes S.A. for the joint development of 2 state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Hellinikon.
• Acted for Lamda Development in the corporate transformation of its entire shopping malls sector through a series of corporate transformations resulting to the concentration all four existing shopping centers owned by Lamda Group and those to be built in the Hellinikon under one distinct vehicle.
• Acted for London & Regional Properties on the sale of 100% of the shares of LANDA S.A., owner of the Rhodes Bay Hotel & Spa and Elite Suites by Rhodes Bay in Rhodes, to the H Hotels Collection.
• Acted for London and Regional Properties in the sale of 100% of the company TITANIA S.A., the owner of the historic TITANIA hotel in Athens to the H Hotels Collection, marking the largest transaction in the hospitality sector in Q1 2024.
• Acted for Intracom Holdings and its 100% subsidiary Intracom Properties S.A. in relation to the acquisition of Europa Insurance for EUR 50 Million launching its entering into the insurance market. Intracom Holdings will enter into the creation of a new corporate structure, through the merger of its listed subsidiary on AthEx , K.L.M. S.A. and Intracom Properties S.A..
• Acted for Dukes Education Group Ltd. in connection with the acquisition of the shares of the “I.S.A. THE INTERNATIONAL SCHOOL OF ATHENS” which operates, via its Greek Branch, the International School of Athens and Melina’s Kindergarten in Athens, Greece. The transaction is the first of its kind in the Greek market, marking the first investment of an international premium private school operator in an international school based in Greece.
• Acted for Germany-based investment holding Armira and Viessmann Generations Groupon the Greek law aspects of the acquisition of a minority stake in the Greek pharmaceutical company Pharos Generics Holding S.A.
• Acted for Taconic Capital Advisors UK LLP, a global institutional investment firm, with respect to the acquisition of the ex-Costa Perla Hotel located in Porto Heli, Greece.

Key Clients: Metric Capital Partners, Dukes Education Group Ltd., Intracom Properties S.A.,Armira and Viessmann Generations Group, Intracom Holdings, Lamda Development, London & Regional Properties, Famar AVE, ECM Partners, Taconic Capital Advisors UK LLP.

Contact: Evi Tsilou

Tel: +30 210 361 55 44

Email: [email protected]

• Acted for Lamda Development S.A. in relation to the completion of 2 strategic cooperation agreements valued at EUR 300 million with Temes S.A. for the joint development of 2 state-of-the-art, luxury 5-star hotels and the corresponding branded residences on the coastal front of Ellinikon, in southern Athens. The largest by size transaction in the hospitality sector in Greece.
• Acted for Lamda Development S.A. in the EUR 110 million acquisition of McArthur Glen Hellas, the owner of McArthur Glen Designer Outlet, which is the leading designer outlet in Greece. One of the largest by size acquisition of in the retail sector in Greece.
• Acted for Hellinikon S.M.S.A. (subsidiary of Lamda Development S.A.) with respect to the outright sale of the full ownership rights in five (5) distinct urban blocks in the area of the Metropolitan Pole of Hellinikon – Aghios Kosmas, in Athens, Greece, for residential use. totaling EUR 106 million. The total investment for these developments is projected to reach at least EUR 300 million.
• Acted for Arish Capital Partnerson the acquisition of a prime property in Patras, the third largest city in Greece and home to 35,000 students. This property will be transformed into “Wanderwall” – a state-of-the-art student accommodation facility. Once redeveloped, “Wanderwall” will feature 56 furnished student apartments and studios, modern amenities such as a gym, communal study areas, a cinema, laundry facilities, and more, making it the most ultra-modern student accommodation building in Patras.
• Acted for Taconic Capital Advisors UK LLP, a global institutional investment firm, with respect to the acquisition of the ex-Costa Perla Hotel located in Porto Heli, Greece, and the demolition, planning and construction of a complex tourist accommodation comprising of a new luxury hotel and residential villas. Once the project is finished, it will constitute one of the top complex tourist accommodations in Greece.

Key Clients: Lamda Development, Taconic Capital Advisors, Depa Commercial

Contact: Panayiotis Papageorgiou

Tel: +30 210 361 5544

Еmail:[email protected]

• Acted for Public Gas Corporation of Greece S.A. (DEPA) in an approx. EUR 180 million dispute over gas prices with a Greek company in the chemicals industry.
• Acted for Pylaia S.A.(subsidiary of Lamda Development S.A.) in a EUR 40 million dispute regarding negligence of infrastructure against a Greek construction company.
• Acted for Philips Hellas in relation to various disputes arising from healthcare public tendersas well as the private sector, totaling approx. EUR 32 million.
• Acted for Intracom Holdings S.A. in a EUR 20 million dispute relating to the sale of a former telecommunications company.
• Acted for Diophar Pharmaceuticals,a leading Greek pharmaceutical company in relation to a EUR 15 million civil dispute with the Greek branch of a global US pharmaceutical company.
• Acted for Intralot S.A. in a EUR 12 million dispute with entities owned by the public sector as well as the Greek State.

Key Clients: Public Gas Corporation, Intracom Holdings S.A., Intralot S.A., Pylaia S.A., Phillips Hellas, Diophar Pharmaceuticals

Contact: George Gravias

Tel: +30 210 361 5544

Email: [email protected]