Bernitsas Law acted as Greek law counsel to Guala Closures in relation to their acquisition of 100% of Astir Vitogiannis Bros SA from a company within the Ideal Group, with an enterprise value of €136m.
Guala Closures is a leading global producer of closures for spirits, wine, edible oil, water and a wide range of other beverages, with a long-lasting expertise in premium design and luxury bottle closures.
Astir Vitogiannis is a Greek crown corks manufacturer with operations in Greece and in South Africa and worldwide exports.
Bernitsas Law advised alongside Bonelli Erede, on the entire transaction cycle, including due diligence and negotiations of the transaction documents in various areas of practice, with a notable complexity in employment and regulatory permits matters. The completion follows the execution of the agreement to acquire Astir Vitogiannis in April 2024.
Our team was led by Partners Lambros Belessis and Evi Kitsou, with Partner Marina Androulakakis advising on Data Protection, Partner Fotodotis Malamas advising on Tax and Counsel Maria Kloni advising on Employment.
Senior Associates Lina Mastrogiannopoulou, Iris Sotiriou and Ioanna Stamou as well as Associates Chryssa Andresaki, Maria Cheimona, Antonis Fix, Sildia Fotopoulou, Yolanda Kalogirou, Marialena Mavrikaki, Anna Meletiou, Niki Nisotaki, Martha Ntounou and Ioniki Poulaki participated in the due diligence process. Associate Martha Ntounou assisted with the closing documents and actions.
