Zepos & Yannopoulos has advised Alpha Bank on Project Galaxy, which it describes as "the second largest NPE securitization in Europe."
As part of the deal, Alpha Bank sold Davidson Kempner Capital Management 80% of its loan servicing subsidiary Cepal Holdings Single Member S.A. 51% of the mezzanine and junior notes of each of the four securitizations comprising Project Galaxy., including a EUR 10.8 billion sale of a non-performing loan portfolio and 80% of the shares in subsidiary Cepal Holdings Single Member.
Davidson Kempner is an institutional alternative investment management firm that was founded in 1983 and is headquartered in New York. The company currently holds over USD 34 billion in assets under management.
The Zepos & Yannopoulos team included Partners Christina Papanikolopoulou, Kely Pesketzi, Elena Papachristou, Maria Zoupa, Daphne Cozonis, and Alex Karopoulos, Director Georgia Voutsa, and Associates Niki Ignatidi and Athina Palli.
The firm could not disclose any further information about the deal.