Kyriakides Georgopoulos has advised the China-CEE Fund II, represented by CEE Equity Partners, in its EUR 28 million acquisition of ATHEX-listed Paperpack SA. Potamitis Vekris advised Ioannis Tsoukarides and his family, the controlling shareholders of Paperpack.
Paperpack is engaged in the printing, cutting, and pasting of paper packaging boxes, printing of brochures and printed material, and in general producing items from sheet paper.
According to KG Law, the transaction closed on December 31, 2020, "with CEE Equity acquiring 90.02% of the Paperpack shares." According to the firm, "a mandatory tender offer will follow which will lead in the acquisition of the remaining minority shares and the delisting of the company from the Athens Stock Exchange."
The KG Law Firm team was led by Partner Theodore Rakintzis and Senior Associate Meletios Andrianos.
The Potamitis Vekris team was led by Partner George Bersis, working with Associate Elena Theocharakou.