Recent Assignments

• Acting on behalf of Delta Holdings, one of the largest food manufacturing groups in Greece with subsidiaries in Eastern Europe, in the refinancing of loans in the amount of €400m in the US private placement and syndicated bank markets

• Representing Sanpaolo IMI in their granting of a €100m bond loan to the Public Power Corporation

• Acting on behalf of the UCIT Management Company of the Greek Social Security Funds in the modernization of its regulatory framework

• Representing Delta Holdings, one of the largest food manufacturing groups in Greece with subsidiaries in Eastern Europe, in the refinancing of convertible bonds in the amount of €27m, the first placing with pre-emption rights to all shareholders to be extended in Greece and in the creation and implementation of a cash pooling arrangement among all the group companies, using corporate bonds to achieve cash optimisation

• Advising a subsidiary of the Abela group, a leading company engaged in airline and industrial catering services, in the recapitalization of the debt of Abela Hellas, involving the issuance of €6.5m of subordinated interest bearing preferred stock

• Representation of Environmental Investment Partners, a European venture capital fund which invests in environmental goods and services companies and operates in Central and Eastern Europe, in a $9m private equity transaction to gain a control position in the Romanian company Gaz Vest

• Acting on behalf of the Sarantis group, a market leader in Greece and Eastern Europe in the production and distribution of mass market cosmetics, pharmaceutical and household products, in the issuance of corporate bonds in the amount of €115m to replace existing bank loans

• Advising Citigroup, Credit Suisse First Boston, Alpha Bank, one of the largest private sector Greek banks, EFG Eurobank, a leading Greek bank partly owned by Geneva-based EFG Bank European Financial Group, and the National Bank of Greece in the first, second and third phases of the privatisation of OPAP, the Organisation for Prognostics of Football Games, by way of combined offerings of shares in amounts of €50m, €560m and €760m

• Advising the European Bank of Reconstruction & Development in the coordination of a project for the drafting of the leasing legislation of the Republic of Moldova together with the amendments to supportive legislation, the Civil Code, the Fiscal Code and the Customs Code

• Structuring of car financing products for Volkswagen Bank

• Acting for Delta Holdings in the granting of a €200m multicurrency term loan facility

• Acting on behalf of Delta Ice Cream, a subsidiary of Delta Holdings, in tenders for privatised companies in the Republic of Serbia and in the granting of a €100m multicurrency term loan facility

• Representing Omega Bank, a Greek private sector bank for whom we have also acted in their acquisition of Societe Generale Asset Management, in a syndicated bond issuance facility to the Germanos group, a chain of telecommunications goods and services stores, in the amount of €120m, as well as in the development of a bond product to substitute traditional bank lending

• Representation of Alpha Bank, a leading private sector bank in Greece, in its €152m acquisition of Jubanka in Serbia

• Advising Alpha Ventures and Alpha Equity Fund, members of the Alpha Bank group, on a number of structured and venture capital transactions, including their participation in Hellas Jet, a Greek-based airline company operating internationally and managed by Cyprus Airways, with a total transaction value of €20m

• Advising Sanpaolo IMI in the restructuring of a credit facility for the construction of the tunnel of river Acheloos, and on the documentation of several corporate loan facilities

• Advising Investment Bank, the investment banking arm of the Commercial Bank of Greece, in the structuring of its OTC derivatives transactions

• Acting for Alpha Finance in the €25m initial public offering of Sprider, a Greek chain of sports and casual clothes and shoes, the largest transaction of its kind to take place in 2004