Category: News & Deals

We are delighted to have successfully advised the founders and sellers of a 49% share in Cypriot olive oil producer Cleanthi Alpha-Olenic Ltd and the strategic joint venture with Zinzino AB, a global direct sales company from Scandinavia specialising in test-based, personalised dietary supplements and scientific skincare, a company whose shares are listed on the Nasdaq First North Premier Growth Market.

Cleanthi Alpha-Olenic is a Cypriot olive oil producer with a unique and patented process of pressing olive oil originating from certified Koreneiki olives from orchards owned by farmers for several generations without the use of artificial fertilizers or pesticides. The manufacturing process enables the production of olive oil with up to 30 times the polyphenol content of regular olive oil.

Going forward, Zinzino intends to expand production at Cleanthi to secure olive oil supply for the increased internal demand arising from Zinzino’s global expansion and high sales growth. At the same time, external revenues for Cleanthi can be increased similar to the model previously used successfully for the Zinzino group’s manufacturing unit, Faun Pharma AS in Norway.

The Kaimakliotis team was led by Pavlos Kaimakliotis (Partner) and Panayiota Pieri (Counsel).

We are delighted to have advised the joint venture between Eika Asset Management and ECE European City Estates in their agreement to acquire 100% stake in several greenfield solar PV development projects in Cyprus with a total capacity of up to 37 MW, with the first tranche of the acquisition cycle having already been completed.
 
The Kaimakliotis team was led by Pavlos Kaimakliotis (Partner), assisted by Ariana Georgallis (Counsel), Marietta Pitta (Associate) and Maria Koumi (Associate).

Kaimakliotis LLC advised Searchlight Capital Partners, a leading global private investment firm, on all aspects of Cyprus law, in relation to its agreement to acquire a majority stake in Celestyal Cruises and related debt financing arrangements. As part of the transaction, Searchlight will also invest in a new holding company, Celestyal Holdings, to propel Celestyal’s growth strategy and accelerate its fleet renewal plan.

Celestyal Cruises, based in Cyprus, is a leading cruise operator in the Greek Islands and East Mediterranean. It is a subsidiary of Louis PLC, founded in 1935 as the first travel agency in Cyprus.

Searchlight is a global private investment firm with over $9 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders.

Willkie Farr & Gallagher LLP acted as lead counsel to Searchlight and Louis PLC was advised by Hill Dickinson, London.

The Kaimakliotis LLC team was led by Pavlos Kaimakliotis (Partner), Panayiota Pieri (Senior Associate) and Alexandros Apostolatos (Senior Associate), assisted by Maria Spyrou (Junior Associate) and Marietta Pitta (Junior Associate).

Kaimakliotis LLC is delighted to announce it has been ranked by IFLR1000 in Financial and Corporate for Cyprus for 2019. A huge achievement by Kaimakliotis LLC and it’s a testament to the Firm’s quality and level of service to our clients.

The IFLR1000 is the guide to the world’s leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide.

Kaimakliotis LLC is delighted to announce it has been ranked by IFLR1000 in Financial and Corporate. A huge achievement by Kaimakliotis LLC in its first year of operation and it’s a testament to the Firm’s quality and level of service to our clients.

The IFLR1000 is the guide to the world’s leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide.