Akin Advises Bain Capital Special Situations in Andros Portfolio Acquisition
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(London) – Akin advised Bain Capital Special Situations in connection with its agreement to acquire the Andros Portfolio from Alpha Leasing, a subsidiary of Alpha Bank. The Andros portfolio consists of Greek, non-performing loans and will, subject to regulatory consent, be acquired by Hellas Capital Leasing, a Greek leasing company wholly owned by funds managed or advised by Bain Capital.
The acquisition of the Andros Portfolio will be Bain Capital Special Situations’ seventh transaction involving European leasing portfolios, a sector in which it has acquired receivables with c. €2.8 billion of gross book value. Akin attorneys have represented Bain Capital Special Situations in each of these transactions, including the acquisition of Sunshine Leases last year.
The Akin team was led by special situations & private credit co-head Ranesh Ramanathan and partner Amy Kennedy, with support from corporate counsel George Burt.
More information on Akin’s private capital offering can be found here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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