Zepos & Yannopoulos

Greece

IFLR1000 Reviews

Financial and corporate

Established in 1893, Zepos & Yannopoulos is a leading full service Greek firm based in Athens. The office employs 101 lawyers, including 29 partners. It is part of the legal network Lex Mundi.

 

Focusses / specialisms 

The firm's banking and finance and capital markets practices have developed a reputation for NPL work. The firm advises Greek systemic banks and international investors on several high value NPL portfolio sales and acquisitions.

The firm’s NPL work extends to securitisations and it has advised sellers and investors on innovative transactions. It also advises international investors and originators on more standard loan securitisations. 

Its corporate team is active in both private and public M&A. The firm has focus on cross border transactions and often advises international corporations, and investment management and private equity firms on acquisitions in Greece. 

In the projects space the firm advises foreign investors and consortiums on developments of social, road and renewable energy infrastructure. The firm has also advised on concession projects in relation to the privatisation of Greek state assets.

 

Key clients

Some of the firm’s clients include prominent private equity funds and financial institutions, such as Brooklane Capital, a private equity fund, and Intrum, an industry-leading provider of credit management services. The firm also advises Hellenic Petroleum and Mohegan Gaming & Entertainment 

 

Research period review: 30th edition (2019/2020) 

In banking and finance the firm advised arrangers and agents in syndicated financing, as well as working with borrowers on acquisition financing and long-term facilities. The firm advised buyers, working with private equity funds and financial institutions, on the acquisitions of Non-Performing Loans (NPLs) and Non-Performing Exposures (NPEs) portfolios, which included the securitisation of portfolios via the issues of mezzanine and junior notes. The firm also worked with co-arrangers and originators of NPL portfolios to secure and sell the portfolios.  

The firm was very active in M&A transactions. Aside from numerous acquisition of NPL/NPE portfolios, it worked predominately with buyers in strategic and private equity deals. It advised on deals in the food industry, financial services, real estate, tourism, pharmaceuticals, chemicals and marine and offshore businesses. In addition, the firm advised sellers in the sale of a publicly listed company, and worked with underwriters on the insurance of said acquisitions. 

The firm was also very active in project development mandates, advising on the development of infrastructure. It worked on a complex tender for the concession of the construction of a casino.  

Recent staffing changes saw the hire of senior associates Nasia Gkouma and Mariliza Myrat by the M&A department. The firm saw the departure of Manos Mastromanolis, who has been appointed head legal counsel of the Prime Minister of Greece.

 

Deal highlights: 30th edition (2019/2020) 

Brooklane €148 million financing  

CarVal acquisition of €1.2 billion NBG NPL portfolio   

Copernicus Servicing acquisition of Independent Portfolio Management company  

European Energy acquisition of Aioliki Achladitsa  

Hellenic Petroleum €130 million acquisition of 204MW solar farm   

Intrum €328 million acquisition of Piraeus Bank’s restructuring unit  

Invel Real Estate Partners €157 million financing  

Orkla Food Ingredients €32.7 million acquisition of SKANAKIS  

Q Energy €45.8 million acquisition of 47MW solar farm  

Stavros Niarchos Foundation €105 million donation to General Hospital of Komotini 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“Market knowledge, expertise, responsiveness, flexibility and team availability.” 

“Innovative, extremely knowledgeable, presenting business-oriented solutions to complex legal issues, market leaders in Greece.” 

“Best in country knowledge of legal background for the Loan services industry, securitisations and financial services governance.” 

 

Investment funds 

“Deep knowledge of legal framework, business orientated and very responsive.” 

 

M&A 

“The firm was very professional in their approach and both prior to closing the deal and subsequently as we are entering the Greek market. Their local knowledge and contacts have been very valuable.” 

“Understanding the situation, knowing their client and supporting him to reach his objectives and assessing of course risks involved.” 

“Excellent valuable legal advice and negotiation skills, in-depth understanding of client's needs and give fast responses.” 

 

Project development 

“In general the communication with the law firm was excellent. They acted fast and delivered in short time an excellent work both from the DD side but also from drafting the Sale and Purchase Agreement (SPA). Also they helped us on the mitigation of risk by advising us on the ongoing negotiation strategy with the seller.” 

 

Anastasia Makri 

“Anastasia has always been very responsive, professional and transparent to our needs on the legal works. She is excellent in communication and also at her work, especially anything within transaction agreements.” 

 

Athina Skolarikou 

“Understanding, calm, knowledgeable, hard-working, smart and innovative.” 

 

Christina Papanikolopoulou

“Brilliant legal mind, innovative, friendly and provides legal solutions to difficult legal issues in an efficient and comprehensible way.” 

“Christina is one of the most distinguished lawyers in Greece regarding financial sector. She is accessible and her in-depth knowledge with all related stake holders is one of a kind.” 

 

Stefanos Charaktiniotis 

“Excellent legal knowledge, outstanding negotiation skills with a fair transparent communication, highest understanding of client's needs and commercial interests. Stefanos is creative, provides fast solutions, has problem solving skills and perfect project management skills.” 

 

Elena Papachristou 

“Elena has an excellent understanding of what was required and communicates very clearly.” 

 

Kely Pesketzi 

“Problem solving, a hard worker and very responsive.” 

“Hard working, clear-minded, solution-finder and enabler.”