Established in 1963, Karatzas & Partners today has a team of more than 30 lawyers based in Athens with a focus on financial and corporate work.
Focusses / specialisms
The firm is one of strongest in Greece across all areas of transactional work and is known for its cross-border advice. It often works on high value, cross border deals for domestic and international clients and its public M&A and securitisation work especially stand out.
The firm has a good relationship with the systemic Greek banks and a key client is the National Bank of Greece. It often works with Lamda Development and is regularly instructed private equity funds in acquisitions and acquisition financing.
Research period review: 30th edition (2019/2020)
Over the research period the firm was active in banking, capital markets and M&A.
The firm’s banking work included advising on the securitisation of NPE (non-performing exposures) and NPL (non-performing loans) assets for multiple banks as the orginators of the loans, as well as working on their behalf to sell three NPL portfolios. The firm’s recent lending work was mostly in project and acquisition financing, representing borrowers.
In capital markets work the firm was active on the debt side of the markets. It advised national banks on bond issues, as well as representing purchasers and issuers of bonds.
In M&A the firm worked on multiple public acquisitions, assisting companies in pharmaceuticals, real estate, and energy. The firm represented both buyers and sellers, working for a mix of private equity and strategic clients.
Deal highlights: 30th edition (2019/2020)
doValue €248 million acquisition of 80% of Eurobank Financial Planning Services
Ellaktor €600 6.375% million bond issue
Eurobank Ergasias €7.5 billion non-performing exposures securitisation
Hitachi $6.4 billion acquisition of ABB's power grid business
Invel Real Estate €390 million acquisition of 32.7% stake in Prodea Real Estate Investment Company
Lamda Development €495 million acquisition financing
MS Pharma / GMS Holdingsacquisition of Genepharm
SAZKA Group €1.9 billion acquisition of OPAP
Client feedback: 30th edition (2019/2020)
Capital Markets: Debt
“The Bank is fully up-to-date to European developments and also have a deep knowledge of the Greek Market. This combination offers us great value.”
“The law firm is one of the few experts in Greece in Project Finance. They are very capable in finding innovative solutions to solve complex legal problems.”
“They are a full service firm that is very well positioned in the market.”
“Aleka is extremely hardworking, paying attention to detail and has the capacity to resolve problems in a very efficient manner.”
“In-depth knowledge of law, enquiring mind and results oriented.”