Papapolitis & Papapolitis has advised Qualco Group and its majority shareholder Wokalon Finances Limited on the successful initial public offering and listing of Qualco's shares on the regulated market of the Athens Exchange. Bernitsas and, reportedly, Latham & Watkins advised the banks.
Piraeus Bank, UBS Europe, and Euroxx Securities were the joint global coordinators. Alpha Bank, Eurobank the National Bank of Greece, and Optima Bank were the lead underwriters and joint bookrunners, while Attica Bank and Pantelakis Securities were the underwriters and joint bookrunners as well.
According to Papapolitis & Papapolitis, structured as a combined offering of new and existing shares to both the Greek public and institutional investors internationally (under Rule 144A and Regulation S), the IPO attracted bids totaling over EUR 563 million, nearly five times the number of shares on offer.
The Papapolitis & Papapolitis team included Partner Elena Papachristou, Counsel Despoina Charakopoulou, Senior Associates Erna Kritikou and Alexis Kontogiannis, and Associates Maria-Roxani Karydi and Despoina Charakopoulou.
Bernitsas' team included Partners Maria Nefeli Bernitsa, Nikos Papachristopoulos, Lambros Belessis, Fotodotis Malamas, and Tania Patsalia, Counsels Maria Kloni and Christina Zakopoulou, Senior Associates Maria Sofia Sfika, Sildia Fotopoulou, Lina Mastrogiannopoulou, and Ioanna Stamou, and Associates Marinos Shiapanis, Katia Zigoulianou, Marialena Mavrikaki, and Alexia Zeriti.
