Masouros & Partners > Athens, Greece > Firm Profile

Masouros & Partners
4 Dimokritou Street
106 71 Athens - Greece
Greece

Greece > Commercial, corporate and M&A Tier 2

Masouros & Partners‘ ‘very sophisticated deals team‘ specialises in M&A, with particular expertise in acting as international counsel in cross-border transactions, particularly for foreign companies seeking to invest in Southern Europe. The team stands out for its strength in the energy sector, acting for major domestic and international clients in the industry. Pavlos Masouros leads the practice and advises key clients such as the Hellenic Energy Distribution Network Operator and the Public Power Corporation. Another notable individual is Nelly Peraki, who frequently advises Greek companies doing business in the Netherlands.

Practice head(s):

Pavlos Masouros

Other key lawyers:

Antonis Nikolaidis; Nelly Peraki; Prokopis Iatropoulos

Testimonials

‘Clearly the most reliable Greek team for corporate work, particularly for Dutch clients as they speak the language.’

‘Prokopis Iatropoulos is very solid and reliable – one of the pillars of the M&A team.’

‘This is unlike any other Greek law firm that we have worked with in the past. They are super-responsive, quick, available 24/7 and flexible with fees. We get almost real-time advice and feedback on all our questions. They have a very sophisticated deals team, capable of handling any type of corporate transaction.’

‘Pavlos Masouros has pitch-perfect knowledge of M&A. He is an elite corporate lawyer, the equivalent of M&A partners you’d find in top-tier London and New York law firms. You can’t go wrong with him. He’s fully engaged in all M&A transactions that his firm has handled for us, and clearly the best of all the corporate lawyers we’ve worked with in Greece.’

‘They are as professional and responsive as it gets. They are always quick, always there, and they take the stress away, especially if you’re overseas and have a case to handle in Greece. The people in this firm are just amazing!’

‘Prokopis Iatropoulos is really a remarkable professional. Very helpful and very patient. Able to walk us through complex matters in a calm and very efficient way. He makes things simple for you.’

‘We love working with this team. They are very proactive, very diligent, very thorough in all the advice they produce for us. A young, energetic team with state-of-the art IT facilities that assist in producing cost-effective results for our business. After the first engagement with them you don’t go back to your former counsel.’

‘We’re impressed by all the members of the team. Pavlos Masouros is a titanic figure in corporate law. He belongs on any list of top laywers in Greece. He’s practical and commercial and one of the most intelligent individuals I’ve ever met in my life in any industry or line of service.’

Key clients

Tentamus Analytics GmbH

Hive Energy Ltd

Supreme Travel Centre Ltd

Petrolina (Holdings) Public Ltd

Energetický a průmyslový holding, a.s.

Public Power Corporation S.A.

Hellenic Energy Distribution Network Operator S.A. (HEDNO)

Viva Wallet S.A.

Juul Labs, Inc.

Veltia Greece S.A.

Work highlights

  • Advised the Hellenic Energy Distribution Network Operator (HEDNO) in relation to the spin-off of a number of assets of the Public Power Corporation (PPC), prior to the setting up of a bidding contest for 49% of PPC’s stake in HEDNO, as part of the liberalisation of the Greek energy market.
  • Advised Petrolina (Holdings) Public on its acquisition of 100% of the shares in Silk Oil, a Greek automotive and marine fuel retailer.
  • Advised Viva Wallet on a complex share subscription agreement with a Dutch hi-tech start-up, Fraudio, that has patented certain revolutionary anti-money laundering tools for financial institutions.

Greece > Energy Tier 2

Masouros & Partners is prominent in big-ticket transactions in the Greek energy sector, with clients turning to the firm for advice on mergers, asset and share acquisitions, as well as reorganisations. In addition to undertaking transactional work, practice head Pavlos Masouros has extensive experience of acting for clients in proceedings before international arbitration tribunals and Greek and foreign state courts. Notable work included advising Public Power Corporation on its joint venture with Archirodon to bid for a hydroelectrical 1.2GW project.

Practice head(s):

Pavlos Masouros

Key clients

Hive Energy Ltd

Petrolina (Holdings) Public Ltd

Energetický a průmyslový holding, a.s.

Public Power Corporation S.A.

Hellenic Energy Distribution Network Operator S.A.

Work highlights

  • Acted for Hellenic Energy Distribution Network Operator S.A. on the spin-off of assets from PPC prior to the later selling a 49% stake in HEDNO.
  • Advised Energetický a průmyslový holding, a.s. on the bidding contest for DEPA Infrastructure.
  • Advised PPC on a joint venture bid for a 1.2GW hydroelectrical project in Northern Macedonia.

Masouros & Partners is a law firm headquartered in Athens focusing exclusively on sophisticated capital and specializing in corporate law and M&A.

The firm is consistently ranked by Chambers Global as the only Greek law firm with foreign expertise (2017, 2018, 2019 and 2020), while it has also received a number of awards for its M&A and corporate capabilities (e.g. 2019 ‘M&A Law Firm of the Year’ by CorpINTL, 2019 ‘M&A Law Firm of the Year’ by the Business Excellence Awards, 2019 ‘Corporate Lawyer of the Year’ by AcquisitionINTL, 2020 ‘Most Outstanding Corporate Transactions Law Firm’ by Acquisition INTL, 2021 ‘European Specialist law firm of the year’ by The Lawyer European Awards).

Masouros & Partners advises routinely private equity funds in relation to high-profile cross-border corporate deals and Greek (public and private) M&A, while it is also involved in big ticket corporate litigation and M&A arbitration in Greece and beyond. The firm has a ‘best friends’ relationship with a good number of major US and UK law firms and is also a traditional advisor for Dutch clients doing business in Greece.

DepartmentNameEmailTelephone
Corporate/M&A Pavlos Masourospavlos.masouros@masouros.com+302103613694
English
German
Dutch
French
Italian

Pavlos Masouros, Managing Partner

Managing Partner, Pavlos Masouros, explains how the firm stands out from competition and what the trends are in corporate deal-making ahead

What do you see as the main points that differentiate Masouros & Partners from your competitors?

Our strategy is to be a one-stop shop for deals, concentrating on high-stakes corporate situations and servicing sophisticated capital only. Rather than taking in run-on-the-mill legal matters, we emphasize transactional representation; we don’t do across-the-board general representation for clients, but we stay focused on advising them on specific matters that fall within our core area of expertise, that is Corporate/M&A.

In line with its culture to act as special counsel for corporate matters, the work at Masouros & Partners is very partner-heavy; partners do not have an army of associates to foist work onto, this is not part of our culture.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

The impact that the Covid-19 crisis shall have on the Greek economy means that we’ll see many more distressed deals. Corporate reorganizations, NPL buyouts shall definitely be on the rise, but many players will likely seek to strengthen their position by banding together with competitors, so we expect to see many M&A deals too. The structures in the M&A deals to come will be riskier, messier, as the merging parties shall seek to hedge against the uncertainties that lie ahead; so we expect to see many earnout arrangements instead of straightforward cold, hard, cash as the currency of takeovers.

What’s the main change you’ve made in the firm that will benefit clients?

We have developed in-house with the help of AI apps a process that allow us to handle much quicker massive data involved in legal due diligence exercises. Instead of spending endless hours on traditional LDD review of documents, our in-house, tailor-made, software tool allows us to be more efficient and move quickly to the critical parts of deal-making, that is drafting and negotiating the agreements.

Is technology changing the way you interact with your clients, and the services you can provide them?

It goes without saying that in the Covid and post-Covid era technology is key to the kind of service a law firm can offer to a client. As we have always had a predominantly foreign, non-Greek, clientele we are used to using technology to communicate with clients, so there’s no ‘Covid transition’ for us.

Can you give us a practical example of how you have helped a client to add value to their business?

In 2018 a client came to us on the verge of bankruptcy. A mountain of debt suffocated the business and banks were threatening with auctions; we went to the banks within a week with a plan to convert 55% of the debt into cumulative preferred stock. The banks flatly refused and with the help of English Counsel we quickly put together a draft scheme of arrangement, which could cram the plan down on the banks. With the threat of scheme of arrangement hanging there, the banks accepted our suggested workout. Using an English scheme of arrangement for a failing Greek business would be a first, as far as we know, so we like to think we’ve been very innovative with this one.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Our small size insulates us from downturns, which have become very common in the Greek economy in the past decade or so. We intend to keep it this way. Small is stable for clients, as it guarantees that they will likely be serviced by the same team in their next deal. If you’re good at what you do and you do the best job you can, there will always be people who come to you.