Anna Gkogka

Anna has contributed to our work on a number of landmark transactions for both Greek and international clients, including the privatization of DEPA, the public gas corporation, and numerous real estate deals using share sale-and-purchase arrangements.

Notable M&A cases

Public MA & Privatizations

• Advised Hellenic Petroleum S.A. (HELPE) on its €90million acquisition from Copelouzos Group and International Constructional S.A. of two operating wind farms in Mani with a total capacity of 55.2MW.
• Advised Brook Lane Capital for the establishment of a new joint venture with Lamda for the development of a mixed-use tower in the heart of the Athenian Riviera at the Hellinikon Project’s business district.
• Advised Dromeus Capital on the acquisition of real estate entity Ektonon, a GEK Terna-affiliated entity.
• Advised DEPA, the public gas corporation, on the €1 billion restructuring of the group and subsequent privatization by the HRADF. This transaction is the largest restructuring ongoing in Greece in the Energy sector. It is one of the largest reverse mergers under the new corporate transformation law. It is also part of the Greek privatization programme, having been agreed with the EU, ECB and the IMF, and part of the liberalization of the Greek gas market under the unbundling of the gas services.
• Advising DEPA the public gas corporation on the privatization process run by the HRADF for the sale of DEPA Commercial for an estimated €300m – 400m.
• Advising DEPA the public gas corporation on the privatization of DEPA Infrastructure through a privatization process run by the HRADF for the sale of the gas grid infrastructure around Greece for an estimated €700m.
• Advising Switz Group on the acquisition of a company manufacturing traditional Cretan bakery listed on the Athens Stock Exchange.

Private Equity and other Financial Investors

• Advised Piraeus Bank on its carve out and subsequent sale of its card payments and merchant acquiring business to Euronet Worldwide, and the formation of an exclusive long-term sales and distribution partnership for a total of €300m.
• Advised Engie S.A., a French multinational electric utility company, in divesting its Greek subsidiaries through the share sale-and-transfer of its facilities-management entity Engie Hellas to an upcoming Greek fund.
• Advised, Engie S.A., a French multinational electric utility company, on the sale of its energy entities Heron I and Heron II to leading Greek energy company GEK Terna.
• Advised KKR on its bid for a 49% stake in HEDNO (Hellenic Electricity Distribution Network Operator) through its participation in a public bidding process.
• Advised Volterra S.A., a renewable energy producer, on its sale process through a bidding process, for an enterprise value of €120m.
• Advised EBRD on the US$235m sale of its shares in the listed company European Alliance.
• Advised Kew Capital and Monterock International on the €100m acquisition of one of the larger mixed-use resorts in Mykonos by way of share transfer deal.
• Advised Hines, one of the largest privately held real estate-investing companies in the world, on the restructuring of its Greek subsidiaries by way of subsequent mergers between them.
• Advised a leading European REIC and Brown Hotels on their €60m acquisitions of share and real estate assets in Greece.
• Advised Volterra S.A., a renewable energy producer, on its sale through a bidding process for €50m.
• Represented Invenergy for the investment in projects of 2.7GW of solar energy in Greece.
• Advised BriQ Properties REIC on its €23.6m acquisition of 80% of the share capital of Sarmed Warehouses, a market leader in logistics.
• Advised Briq Properties REIC on its €3.5m acquisition of a hotel in Skiathos through a share sale-and-purchase transaction.
• Advised a German listed REIC, a publicly listed real estate company, in multiple acquisitions of shares and real estate assets in Greece totalling more than €60m.
• Advised Alpha Bank on the €37m sale of three major real estate assets to Brooklane Capital through a shares sale-and-purchase transaction. This transaction included a large cinema complex in the Athens metropolitan area.
• Advising Chenavari Investment on the acquisition of a large number of real estate assets through multiple share sale-and-purchase transactions.

Private MA

• Advising El Sewedy Electric in the legal due diligence and €55m acquisition of four SPVs currently operating wind farms in Greece.
• Advising Olympic Foods on a €30m cross-border merger with a leading Indian conglomerate in the food business.
• Advising Nostira Renewable Energy on the sale of two wind farms to Cubico Sustainable Investments.
• Advising ICON Infrastructure on the due diligence for an acquisition on three wind farms and 12 PV parks.
• Advised Camelot Group of Companies, the operator of the UK lottery, on a share acquisition in Greece.

Real Estate Funds

• Advised Brook Lane Capital for the establishment of a new joint venture with Lamda for the development of a mixed-use tower in the heart of the Athenian Riviera at the Hellinikon Project’s business district for over €280m.
• Advised Dromeus Capital on the acquisition of real estate entity Ektonon, a GEK Terna-affiliated entity.
• Advised Hines, one of the largest privately held real estate-investing companies in the world, on the restructuring of its Greek subsidiaries by way of subsequent mergers between them.
• Advising Hines on project Cyan for the acquisition of several hotels in Crete through two major share sale-and-purchase transactions valued in total at approximately €70m.
• Advising Hines on project Hermes for the acquisition of two hotels in Ag. Nikolaos Crete through and acquisition of shares valued at €20m and subsequent refurbishment and repositioning of the assets for a total project value of over €40m.
• Advising Chenavari on project Zoia for the acquisition of a large number of real estate assets against the purchase price of approximately €57m through multiple share sale-and-purchase transactions.

Global MA

• Worked together with Baker McKenzie to advise a leading UK family office on the acquisition of a large real estate asset in Mykonos by means of a share sale by conducting parts of the relevant due diligence on the target entity and its facility arrangements.
• Advised Whirlpool on its Indesit Greece business-transfer agreement and the subsequent merger by absorption of Indesit Greece by Whirlpool Hellas.