The Calavros Law Firm has advised the Metropolitan College and the IEK AKMI Group on their sale of a majority stake to BC Partners.
The transaction remains contingent on regulatory approval.
According to Calavros, the Metropolitan College and the IEK AKMI Group are the leading providers of post-secondary education in Greece: "the group operates a network of 27 campuses and venues across all main cities in Greece catering to over 22,000 students across a wide range of disciplines."
According to the firm, "the deal represents the second investment of BC Partners GR Investment LP, a special-purpose fund that seeks to invest in and support high-growth companies in Greece."
"The Metropolitan College and the IEK AKMI Group entered this strategic partnership with BC Partners with the aim of joining forces and further augmenting their current leading position in the field of post-secondary education in Greece," the firm announced.
The Calavros team included Partner Themistoklis Kloukinas and Senior Associate Xanthi Diamanti.
The law firm did not respond to our inquiry on the matter.
Editor's Note: After this article was published, Papapolitis & Papapolitis announced it had advised Piraeus Bank – the arranger, bondholder agent, subscriber, and bondholder – on the EUR 175 million acquisition financing provided to BC Partners member Alphabet Education for its acquisition of Metropolitan College and IEK Akmi.
