Milbank LLP provided English law advice to the financing providers in connection with ECM Partners’ acquisition of Pavlidis Marble – Granite Group. Pavlidis S.A. Marble – Granite (“Pavlidis”) have signed a definitive agreement with funds managed by ECM Partners to sell 100% of the share capital of Pavlidis, which in 2017 acquired Stone Works Holdings Coöperatief U.A., a majority shareholder of Mermeren Kombinat AD Prilep.
Pavlidis was founded in 1980 by Efklidis Pavlidis. The headquarters and industrial facilities of the company are located in Drama, which is the marble mining center of Greece. The company's quarries are located mainly in Northern Greece but also in neighboring countries, while the company's white marble has been used in the construction of landmark buildings around the world, including the Reflection Towers in Singapore and the Porsche Design Tower in Miami.
The Milbank team was led by European Leveraged Finance/Capital Markets partner Apostolos Gkoutzinis, Corporate group special counsel Merih Altay, and European Leveraged Finance/Capital Markets associates James Szauer and Gautam Sundaresh.
