Eurobank and Piraeus Bank have completed the sale of their loan exposures in G. Kipriotis & Sons to funds managed by HIG Capital. AXIA Ventures Group (“AXIA”) acted as Exclusive Financial Advisor.
The banks’ aggregate loan exposures in the company amounted to around €135 million, secured by the company’s hospitality assets. The company owns and operates a complex of 3 four-star and 2 five-star hospitality assets in the island of Kos, with a total capacity of over 1,500 keys.
AXIA Ventures Group acted as exclusive financial advisor to the Banks in relation to the transaction.