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Apr 2021

Bernitsas Law advises CVC on Vivartia Holdings acquisition

Bernitsas Law advised CVC on the acquisition by Venetiko Holdings SMSA, a Greek company invested in by funds managed or advised by CVC, of c. 99.47% of Vivartia, as well as on the financial restructuring of Vivartia’s group bank debt. The acquisition completed on 30 March 2021 following the agreement reached with Vivartia’s former main shareholders, Marfin Investment Group and Piraeus Bank, in November and December 2020 respectively.

CVC is a world leader in private equity and credit with a global network of 23 local offices.

Vivartia is a diversified food company in Greece, with a leading market position in the dairy and drinks, frozen foods and food service and entertainment industries.

Nikos Papachristopoulos, Partner and Sofia Kontou, Senior Associate, led the core transaction team. Partners Athanasia Tsene and Marina Androulakakis led the banking and finance and competition and antitrust teams respectively. Senior Associate Christina Zakopoulou led the due diligence team.