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Eversheds Sutherland Advises Piraeus Bank in Cross-Border Equity Transaction

  • Ireland
  • General

23-12-2021

December 23, 2021

Eversheds Sutherland is pleased to announce this it advised Piraeus Bank S.A., a Greek multinational financial services company, on the cross-border structuring and transition of a portfolio of equity and quasi-equity interests to an outsourced private equity manager.

The Eversheds Sutherland deal team comprised Corporate Partner Ted Cominos, Corporate Counsel Cristina Audran-Proca (France), Corporate Partner Gavin O’Flaherty, Senior Associate Mary Kiely (both Ireland), Tax Partner Tim Kiely (Ireland), and Financial Services Partners Richard Batchelor (UK), Deborah Hutton (Ireland) and Dr. Carola Rathke (Germany).

The transaction highlights Eversheds Sutherland’s ability to deliver on complex cross-border transactions for clients capitalizing on the firm’s multi-jurisdictional “upstream” corporate, commercial, tax and regulatory strengths together with its extensive “downstream” cross-border M&A transactional experience.

“We are honored to have been entrusted by Piraeus Bank with such a high-value, innovative, and complex cross-border private equity project of strategic importance to the bank.” said Ted Cominos, Corporate Partner at Eversheds Sutherland.

About Eversheds Sutherland’s Corporate Practice

The Eversheds Sutherland deal team comprised Corporate Partner Ted Cominos, Corporate Counsel Cristina Audran-Proca (France), Corporate Partner Gavin O’Flaherty, Senior Associate Mary Kiely (both Ireland), Tax Partner Tim Kiely (Ireland), and Financial Services Partners Richard Batchelor (UK), Deborah Hutton (Ireland) and Dr. Carola Rathke (Germany).
The transaction highlights Eversheds Sutherland’s ability to deliver on complex cross-border transactions for clients capitalizing on the firm’s multi-jurisdictional “upstream” corporate, commercial, tax and regulatory strengths together with its extensive “downstream” cross-border M&A transactional experience.

With more than 700 attorneys worldwide, Eversheds Sutherland’s global mergers and acquisitions team provides pragmatic advice and comprehensive support that enables clients to evaluate, structure and complete transactions across a broad spectrum of industries.

The team combines decades of experience with in-depth knowledge of local and cross-border practices. Wherever the transaction is led from, we provide a seamless and integrated worldwide service.

Our attorneys are well versed in the unique requirements of mergers, tender offers, stock and asset acquisitions, corporate restructurings, spin-offs, recapitalizations and other deal structures. We negotiate and establish alliances, joint ventures and other partnering relationships. In addition, we develop innovative approaches to implement other tailored commercial relationships.

Our global M&A team advises clients across a broad range of sectors including financial services, insurance, payment systems, technology, communications, energy, industrials, consumer products, professional services, health care and e-commerce. We understand regulatory frameworks and the impact on transactions of the key issues that affect your business. This in-depth sector knowledge allows us to add real value to the M&A process.

About Eversheds Sutherland

As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 70 of the Fortune 100, 61 of the FTSE 100 and 128 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in 74 offices in 35 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. 

Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. For more information, visit eversheds-sutherland.com.

For more information, please contact: 

Tim Kiely, Partner - Tax TimKiely@eversheds-sutherland.ie

Deborah Hutton, Partner - Asset Management & Regulation DeborahHutton@eversheds-sutherland.ie

Gavin O'Flaherty, Partner - Corporate GavinOFlaherty@eversheds-sutherland.ie

Mary Kiely, Sneior Associate - Corporate MaryKiely@eversheds-sutherland.ie

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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