Recent Work

PI Partners advises Piraeus Bank in the financing of the construction and operation of the Next Solar PV production plant, a thin film photovoltaic plant, with a project value of €190m. This transaction was completed in October 2008. For more information on this transaction, please contact Evripides Ioannou.

PI Partners advises Enel SpA in their acquisition of 120MW operating and 1000MW pipeline renewable projects in Greece in an amount of €300m. This transaction was completed in July 2008. For more information on this transaction, please contact Evripides Ioannou.

PI Partners represented Alpha Bank in the establishment of Astra Bank in the Ukraine representing an investment of €200m. This transaction was completed in April 2008. For more information on this transaction, please contact Evripides Ioannou.

PI Partners advises the venture capital fund, Assos Capital, in their acquisition of a €200m stake in February 2008 in Hermes Park commercial development in Bulgaria, one of the largest real estate transactions to have taken place in the country in 2008. For more information on this transaction, please contact Anelia Dinova.

PI Partners represents the leading French insurance group, CNP Assurances, in its €150m acquisition of a majority equity stake in three Greek insurance companies, all members of the banking group Marfin. For more information on this transaction, please contact Tati Iliadou.

PI Partners advises AG Petzetakis, a listed pipe and hose manufacturing company which operates multinationally, on the structuring of its troubled loan refinanceing with a value of €120m, and represents the group in their negotiations with international funds and banks. For more information on this transaction, please contact Giorgos Bersis.

PI Partners represents Klöckner & Co. AG, Germany in their acquisition of €17m of shares in the largest Bulgarian metal distributer, Metalstab Holding AD, in September 2008, followed by the acquisition of a minority stake resulting in a total acquisition of 99,98% of Metalstab's capital. For more information on this transaction, please contact Anelia Dinova.

PI Partners represents the venture capital fund, AS Steps, Estonia, in an ongoing public private partnership project, which will have a considerable effect on the interaction between the private and public sectors. Preliminary estimations of the contract value average at €30m. For more information on this transaction, please contact Anelia Dinova.

PI Partners advises Renault Trucks, France in their acquisition of the entire share capital of a Bulgarian trucks distributor in July 2008 and subsequent establishment and operation of a Bulgarian subsidiary, Renault Trucks, leading Renault to acquire a place among the very few international companies in the automotive industry with a direct local presence. For more information on this transaction, please contact Anelia Dinova.

PI Partners is currently advising Opet Aygaz, Turkey in the divestment of their shares in a Bulgarian petrol station holding company and the disposal of their entire gas distribution chain with an approximate transaction value of €35m. For more information on this transaction, please contact Anelia Dinova.

PI Partners represents Fourlis SA, Greece in their entry into a joint venture, real estate acquisition and implementation of a commercial development project in Bulgaria with a transaction value of over €100m, which includes the opening of the first IKEA store in Bulgaria. For more information on this transaction, please contact Anelia Dinova.

PI Partners advises GEK Construction Group on the financing of the construction of a 435 MW CCGT Power Plant with a project value of €280m. For more information on this transaction, please contact Evripides Ioannou.

PI Partners represents the Spanish-Greek consortium of Cintra, Dragados and GEK in connection with the 30 year concession agreement for the Ionian Motorway and Pathe Connecting Branch with a value of €1100m. For more information on this transaction, please contact Evripides Ioannou.

PI Partners advises the Spanish-Greek consortium of Cintra, Dragados and GEK in connection with the 30 year concession project of the Central Motorway (E65) with a project cost of €1.500m. For more information on this transaction, please contact Evripides Ioannou.

PI Partners advises the Spanish-Greek consortium of Cintra, Dragados and GEK in connection with the tender for the 30 year concession project of the Elefsina – Korinthos – Patra – Pyrgos - Tsakona Motorway.with a project cost €2500m. For more information on this transaction, please contact Evripides Ioannou.

PI Partners advised Piraeus Bank in its €1.3bn share capital increase, successfully completed in September 2007, one of the largest share capital increases ever in Greece. For more information on this transaction, please contact Giorgos Bersis.

PI Partners advises the management/bidders in their effort to acquire 100% of Notos Com Holdings, the leading Greek department store operator, for €240m. The transaction involved two tender offers conducted in September 2006 and June 2007, a squeeze out transaction and a cash out merger which was completed in September 2007. This is the first time that a Greek listed company has been absorbed by way of a cash out merger transaction. For more information on this transaction, please contact Giorgos Bersis.