Karatzas & Partners has advised General Logistics Systems on its acquisition of a 20% stake in ACS Courier and Postal Services from Quest Holdings for EUR 74 million. As part of the transaction, GLS also secured a call option to acquire the remaining 80% of ACS’s share capital within the next two years for a consideration of EUR 296 million. Potamitis Vekris advised Quest Holdings.
GLS is a subsidiary of International Distribution Services, a European parcel services provider.
Quest Holdings is a provider of credit management solutions in East Africa.
According to Potamitis Vekris, "ACS is the leading company in the field of courier services in Greece with more than 750 service points, 3,500 specialized employees, and 60,000 square meters of operational and warehouse space, handling over 55 million shipments (courier and post) annually."
The Karatzas & Partners team included Partners Catherine Karatzas, Angeliki Tsatsi, and Anna Manda, Senior Counsel Nikolaos Zachos, Senior Associates Olga Vinieri, Maria Kallidopoulou, Argiro Vagia, Ilia Polyzoidi, Dimitra Karampela, and Aikaterini Toumpanou, Associates Anna Pechlivanidi, Vassiliki Nikolaou, Katerina Stathakarou, Apostolos Latsonas, Pinelopi Anyfanti, Maria-Christina Raptopoulou, Mara Skiada, Nikos Kazantzidis, Panagiotis Kontizas, and Konstantina Chranioti, and Trainee Lawyers Michalis Chatzakis, Natalia Angelou, and Vasiliki Maria Papanastasiou
The Potamitis Vekris team included Partner Vassilis Stergiou and Senior Associate Spyros Roussakis.
