The Oaktree company acquired the share capital of IASO pursuant to a public tender offer. The acquisition of the majority of the shares was completed on 8 July 2019 and the existing financial indebtedness was refinanced by Oaktree Capital on 30 August 2019.

The Reed Smith team was led by partners Panos Katsambas and Monica Barton, supported by associates Lorène Sani and Delphine Zhuang.

Katsambas commented: “We are pleased to have supported our long-standing client Piraeus Bank on the financing of this significant transaction.”

Reed Smith’s leveraged finance team provides wide-ranging services for complex financings with a focus on sophisticated and efficient deal structuring and execution. The firm has dedicated industry teams covering the financial industry, private equity, aviation and transportation, energy and natural resources, entertainment and media, communications, healthcare & life sciences and shipping sectors, it is able to provide clients with a global single-point access to a leading leveraged finance platform with worldwide expertise in the full range of secured and unsecured financings.