Acquisitions in Attica, Greece

Piraeus Bank S.A., a subsidiary of Piraeus Financial Holdings, has agreed to acquire the parent company of Ethniki Insurance (Ethniki Holdings S.à.r.l.) from CVC Capital Partners Fund VII (and National Bank of Greece per later disclosures) for €600 million in cash. The acquisition gives Piraeus control of one of Greece’s largest composite insurers (life and non-life), broadening the bank’s product offering and diversifying its revenue base while being accretive to capital metrics.

Bain Capital Special Situations (through Hellas Capital Leasing) acquired 100% of Sunshine Leases, the leasing subsidiary of Piraeus Bank, including a non-performing exposures portfolio (the "Sunshine Portfolio") with a gross book value of approximately €500 million. The portfolio is largely secured by commercial real estate and hotel assets and expands Bain Capital's presence in the Greek NPL and leasing market.

Funds managed by Searchlight Capital Partners have agreed to make a strategic investment in a new holding company, Celestyal Holdings, supporting Celestyal Cruises' global growth, brand amplification and fleet renewal. The Louis Group remains a shareholder in the new holding company and Celestyal will continue to operate from its offices in Piraeus under the current management team.

Partners Group has agreed to acquire Pharmathen, the leading European drug delivery technology and pharmaceutical manufacturing company, from BC Partners in a transaction valued at approximately EUR 1.6 billion. The deal transfers control of Pharmathen to Partners Group (acting on behalf of its clients) and is aimed at supporting the company’s continued growth — including an intensified push into the US market — building on strong R&D and manufacturing capabilities.