We are pleased to announce that Zepos & Yannopoulos supported Telekom Innovation, a member of Deutsche Telekom group, in its strategic investment in Desquared, the Greek software company behind the design of several platforms and mobile apps (National Bank, Cosmote, Kritikos), as well as BOX, the popular food delivery app of Cosmote. Following the two-fold investment (share deal and equity financing), a 20% stake of Desquared has come under the control of Deutsche Telekom.
Zepos & Yannopoulos offered multidisciplinary and seamless support to Deutsche Telekom throughout the entire project, which lasted more than six months. Our work covered all workstreams, ranging from legal, tax & financial due diligence, negotiations with the sellers, preparation of all transactional documents, negotiations (SPA, SHA, Investment and Subscription Agreement, Employee Stock Option Programme) and representation of Deutsche Telekom at closing. Our firm advised the client on various legal aspects related to Deutsche Telekom’s investment in the local software entity and towards conclusion of all corporate law instruments, resolutions and agreements for the investment rollout, in concert with the business and legal counsels of all actors. We also assisted on a variety of tax and employment matters.
Zepos & Yannopoulos team was led by Athina Skolarikou, partner, head of Corporate, working with Sofia Tzianoumi, senior associate, and supported by associate Gina Dimitropoulou. Manolis Zacharakis, partner, advised on the employment aspects, while the tax & accounting team, led by Maria Zoupa, partner, Georgia Voutsa, partner, Diana Tsourapa, senior associate, and Konstantinos Gialamas, senior manager, advised on the tax and accounting issues.
