Zepos & Yannopoulos has advised CarVal Investors in its acquisition of an unsecured non-performing portfolio of credit cards, consumer loans, small business loans, and small & medium enterprises loans with a total principal amount of almost EUR 1.2 billion from the National Bank of Greece. NBG was advised by Karatzas & Partners.
Zepos & Yannopoulos is advising a consortium of funds advised by affiliates of Centerbridge Partners and Elliott Advisors on their acquisition of a secured NPL portfolio of approximately 12,800 secured non-performing small business lending and SME loans with an outstanding principal amount of approximately EUR 0.9 billion from NBG SA.
Following the May 2019 death of Kyriakides Georgopoulos Co-Founding Partner Leonidas Georgopoulos, Konstantinos Vouterakos has taken his place on the KG Law Management Committee. In addition, John Kyriakides became a Managing Partner, and Gus Papamichalopoulos became a co-Managing Partner and Chairman of the Management Committee.
White & Case has advised the National Bank of Greece on the financing of Elsewedy Electric's acquisition of a portfolio of five windfarms and two hydroelectric plants in Greece from the RF Energy Feidakis Group. The Lambadarios Law Firm advised Elsewedy both on the financing and on the underlying acquisition, and Watson, Farley & Williams reportedly advised the RF Energy Feidakis Group on the sale.
Clifford Chance and Bernitsas have advised MediaMarktSaturn on the restructuring of its Greek operations and the establishment of a joint venture with the Olympia Group to cover the Greek and Cypriot markets. Papadimitriou – Pimblis & Partners reportedly advised Olympia on the deal, which remains subject to approval from the relevant competition authorities.
The latest buzzwords in the automotive and manufacturing industry, “autonomous driving” and “connected mobility,” serve as foretokens of a new “mobility services” era. The industry is affected by current ecological, environmental, and digital standards, and the mobility habits, trends, and demand are gradually disbanding from conventional practices. New indicators are affecting business models in this important industry, including those of parts-suppliers and distributors, by calling for new regulations and consumer expectations.
NPL Greece, Cyprus & SEE Regional Summit, Grand Hyatt, Athens, 29 May 2019