sure that in such large international transactions, matters will remain ’unseen‘ and consequently unregulated at the time of the transaction, which may cause problems in the future. This ability also contributed to the completion of this particular transaction. Would you say that your work on this deal fits the profile of Calavros Law Firm? Calavros Law Firm is an active firm in the Greek M&A market, having advised lots of M&A deals in previous years. M&A is a core part of our practice. Our firm has developed this experience for about 40 years. One of our first projects was the sale of a minority stake in a large organisation operating in the field of telecommunications through an international tender, where I had the honour of participating in the team. Subsequently, the listing of its shares took place in the Greek stock exchange, but also in the New York stock exchange. Since then, the contribution of our law firm has continually been successful in projects either of acquisitions between Greek companies or between Greek and international companies, as well as in companies’ conversions. Do you expect to work on similar transactions in the remainder of 2023 or beyond? Other acquisition projects, as well as companies’ conversion in the field of construction and energy, are already running during this period. What impact do you expect this deal will have on the field of post-secondary education in Greece? The job market now requires skills and not just degrees. The post-secondary education market in Greece today remains low compared to other countries, TRANSACTION INTERVIEW 89 but it has major prospects. The more advanced the product that will be provided by private schools, the more the private education in Greece will increase. Considering that the IEK AKMI and the Metropolitan College are institutions with 50 years of experience that have made huge investments over the years and possess excellent teaching staff and modern infrastructures, they will be the inspiration for other private educational institutions that operate in Greece to make investments, which will consequently improve the provision of services in private education and specifically in postsecondary education. I believe that the deal is also an investment for the new generation. Do you have any further comments to make about your work on this deal? We have been advising businesses in the educational industry for several years, covering all the aspects of their operation, including licensing and regulatory. We are an active team in the M&A market. This combination means that we can provide advice on education industry legal topics from a regulatory perspective and also advice on merger and acquisition matters. Considering that our law firm, even before the above agreement, was responsible for the legal support of AKMI and the Metropolitan College, both at an advisory and litigation level, I can say that we can be proud of the services provided to them, since the legal audit, which preceded the transaction, had no negative findings. Themistoklis Kloukinas Calavros Law Firm
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