Orrick Advises Cepal Hellas on Pioneering Reperforming Loan Portfolio Sale in Greece


We assisted Cepal Hellas Financial Services S.A. as servicer in the first sale of reperforming securitized loans in the Greek market. This first-of-its-kind transaction involved the sale of a €30m portfolio of corporate and SME loans to Optima Bank S.A.

AXIA Ventures Group acted as financial advisor and Karatzas & Partners as our Greek law co-counsel on the transaction.

The Orrick team was led by partners Annalisa Dentoni-Litta and Madeleine Horrocks, with assistance from managing associate Franco Lambiase and Davide di Falco.