We are delighted to announce that we advised the Hellenic Financial Stability Fund (HFSF) as selling shareholder in connection with the secondary offering of existing shares representing a 22% shareholding in the share capital of National Bank of Greece S.A. The transaction was structured as a fully marketed offering consisting of a public offering in Greece and a private placement book-building process to QIBs in the USA and to certain other institutional investors outside of the USA.
This historic transaction for the capital markets and the banking system of Greece is one of the most successful ones, with the combined offering being oversubscribed by more than 8 times, and the total gross proceeds raised by the HFSF amounting to circa €1.067 million.
Our team was led by Managing Partner George Bersis, assisted by Senior Associate, Elena Theocharakou and Associate, Elisabetta Lentsiou.

We proudly announce that we advised Alpha Bank and National Bank of Greece, acting as Joint Coordinators and Bookrunners, on the Initial Public Offering of Optima Bank. Through a very successful public offering, oversubscribed by 5.1 times, Optima Bank is the first credit institution to be listed on the Athens Stock Exchange after 17 years. Our team was led by Managing Partner George Bersis, together with Senior Associate, Elena Theocharakou, assisted by Associates Marialena Papageorgiou, Elisabetta Lentsiou, Nikos Stefas, Vasiliki Verykaki, Aimilios Stragalinos, Semina Zavitsanou, Afroditi Arnogiannaki and Dimitra Iordanidou.

Partner Alexander Metallinos, assisted by Senior Associate Elena Theocharakou and Associate Marialena Papageorgiou acted as Greek (local) legal counsel to Europe’s leading lottery operator with operations in multiple European countries, including Greece, in relation to the offering of €665 million in aggregate principal amount of 7¼% Senior Secured Notes due 2030 and $700 million in aggregate principal amount of 7⅞% Senior Secured Notes due 2029. The offering generated strong interest, with the orderbook being multiple times oversubscribed on both sides of the Atlantic.

Co-Managing Partner George Bersis and Senior Associate Elena Theocharakou, supported by Associate Marialena Papageorgiou, advised a hospital and health services company on the sale of its subsidiaries which own real estate assets to a REIC and a listed entity.

Co-Managing Partner George Bersis and Senior Associate Elena Theocharakou, supported by Associate Marialena Papageorgiou advised a listed holding company specializing in the development, investment and management of real estate on the issuance, through a public offering, of EUR 230 m. senior Green Bonds and their listing on ATHEX.

George Bersis, assisted by Elena Theocharakou and Elli Anastopoulou represent a consortium of shareholders with respect to the management of their investment in a Greek listed credit institution. The mandate includes advising on various corporate law and corporate governance matters as well as on shareholders’ negotiations regarding future capital actions in the investee institution.

Co-Managing Partner George Bersis, Senior Associate Elena Theocharakou and Associates Anastasios Charalampous and Elli Anastopoulou advised one of the Greek systemic banks on the acquisition of one of the most successful Greek alternative investment fund managers, licensed by the HCMC, with total assets under management exceeding €1bn.

George Bersis, assisted by Elena Theocharakou and Anastasios Charalampous, advised a leading listed construction and RES company on the increase of its share capital with preemption rights, through a public offering, with c. 51 m EUR total proceeds.

George Bersis, assisted by Elena Theocharakou and Anastasios Charalampous advised a Greek listed credit institution in the admission to trading of Euro denominated warrants representing a deferred tax credit of c. 152m EUR which were converted into new ordinary shares of the issuer. The transaction was followed by a share capital increase with pre-emptive rights in favour of existing shareholders of the issuer, through a public offering, with 240m EUR total proceeds.