Security Alert
We are pleased to announce that Zepos & Yannopoulos acted as Greek legal counsel to an entity advised by Davidson Kempner Capital Management LP (“Davidson Kempner”) and to Cepal Hellas in the successful securitizations of Domus and Rhodium NPL portfolios, both originated by Attica Bank S.A. with a joint gross book value of €3.7 billion. In both transactions an entity advised by Davidson Kempner acquired 95% of the mezzanine and junior securitisation notes, whilst Attica Bank retained 100% of the senior notes and 5% of the mezzanine and junior notes. The servicing of both the Domus and the Rhodium portfolio has been assigned to Cepal Hellas, a licensed servicer of loans and credit receivables in Greece.
These transactions were both carried out under the renewed Hellenic Asset Protection Scheme (HAPS) framework, representing a critical step in Attica Bank's strategy to de-risk its balance sheet and contribute to the stabilization and growth of the Greek financial sector.
This successful outcome underscores our firm’s dedication to advising on complex and high value financial transactions, including critical HAPS securitizations, which continue to play a vital role in the stabilization of Greece’s banking sector.
The Zepos & Yannopoulos team was led by Paris Tzoumas, head of Finance, supported by Efthymis Naoumis, senior associate, and Tina Sofianou and Pinelopi Klara, associates.
About Davidson Kempner Capital Management LP
Davidson Kempner Capital Management LP is a global investment management firm with over 40 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has approximately $37 billion in assets under management and over 500 employees across seven offices: New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai. Additional information is available at: www.davidsonkempner.com.