About Eurofin

Eurofin is active in the investment and corporate banking sectors with a particular specialisation in the Maritime Industry.
Amongst our Shipping Finance activities we deal with private and public shipping companies, capital markets transactions and the restructuring of problem loans.
Eurofin, independent and privately held, provides impartial advice to major clients.
We have been involved in funding transactions in excess US$ 25 billion.
Our team and associates have a strong track record in several other sectors apart from shipping, including financial markets & institutions, energy, automotive, telecommunications, real estate and hotel & leisure.
Our Group provides global coverage through its offices in London, Athens, and Singapore.

Success, one step
at a time.

History

1984  |  Eurofin International founded in London to assist shipowners with their ship-financing needs, as well as banks in reviewing their shipping portfolios and assisting with problem loan situations.

1991   |  Eurofin S.A. founded in Athens to take better advantage of the Greek shipping market.

1992   |  Entered the Italian market by helping Italian shipowners fund mainly their newbuilding programmes; Introduced several shipping banks to the Italian shipping market, which until then had mainly been financed by Italian banks.

1990s  |  Had representative offices in Italy and Norway, which developed key relationships now managed out of the London office.

1999  |  Medfin Ltd was founded in Istanbul in partnership with Turkish interests. After a period of 10 years, during which Medin raised funding for Turkish shipowners in excess of US$3.5 billion, the JV was dissolved. The Turkish market is now handled out of Athens.

2007  |  Seafin Pte Ltd. founded in Singapore to take advantage of the growing shipping market in Asia.

2007  | Eurofin S.A. signed an agreement with Barclays Bank’s now defunct yacht finance department to help expand their loan portfolio in the pleasure craft industry.

2008   Eurofin S.A. signed a Consultancy Agreement with KfW IPEX-Bank for Greece to help expand their loan portfolio in the maritime sector as well as provide our expertise of the Greek shipping market.

2013   |  Seafin Pte Ltd was formally appointed as the shipping consultant to KfW IPEX-Bank in South East Asia to help expand their loan portfolio in the maritime sector.

History

1984 | Eurofin International founded in London to assist shipowners with their ship-financing needs, as well as banks in reviewing their shipping portfolios and assisting with problem loan situations.

1991 | Eurofin S.A. founded in Athens to take better advantage of the Greek shipping market.

1992 | Entered the Italian market by helping Italian shipowners fund mainly their newbuilding programmes; Introduced several shipping banks to the Italian shipping market, which until then had mainly been financed by Italian banks.

1990s | Had representative offices in Italy and Norway, which developed key relationships now managed out of the London office.

1999 | Medfin Ltd was founded in Istanbul in partnership with Turkish interests. After a period of 10 years, during which Medin raised funding for Turkish shipowners in excess of US$3.5 billion, the JV was dissolved. The Turkish market is now handled out of Athens.

2007 | Seafin Pte Ltd. founded in Singapore to take advantage of the growing shipping market in Asia.

2007 | Eurofin S.A. signed an agreement with Barclays Bank’s now defunct yacht finance department to help expand their loan portfolio in the pleasure craft industry.

2008 | Eurofin S.A. signed a Consultancy Agreement with KfW IPEX-Bank for Greece to help expand their loan portfolio in the maritime sector as well as provide our expertise of the Greek shipping market.

2013 | Seafin Pte Ltd was formally appointed as the shipping consultant to KfW IPEX-Bank in South East Asia to help expand their loan portfolio in the maritime sector.

To understand.
To assess. To solve.

Philosophy

Eurofin’s philosophy is simple. It seeks to use its knowledge of the needs and capabilities of both sides of a potential transaction or a problem to create the bridges upon which mutually beneficial solutions can be built. Eurofin guards its independence fiercely, but is generous with its knowledge, with its contacts and its networks and with the time needed to bring out the vital elements of a proposal or the turning points of a problem.

As a knowledge-based and independent intermediary, Eurofin is always best placed to make calm, rational and informed assessments of any project. It deploys that assessment and its relationships with the parties to create deals, to match finance and projects and to resolve problems.

Group Offices & Teams

Eurofin International, formed in London in 1984, is the forerunner of the Group. The objective was to provide funding for shipping projects at a time of deep recession in the industry. In addition, banks having problems in this sector chose Eurofin to assist them in restructuring portfolios or obtaining an impartial advice of how best to resolve issues. With the improvement in the fortunes in the shipping sector, a number of Eurofin shipping clients sought to obtain advice for their other non shipping related projects, which started the Group’s involvement in other sectors.

Janos F Koenig – Co-Founder and CFO of Eurofin Group

MA (Econ), University of Sussex. Extensive banking experience, involving industries like shipping, construction and oil trade financing, at Bank of America in Greece, Egypt and London and then at BAII plc, a London-based merchant bank where he was Director responsible for International Finance. Has had extensive experience in loan restructuring with Bank of America where he was involved with the restructuring of the Turkish Sovereign debt in the late 1970’s as well as with the Shipping Portfolio in the early 1980’s. As a partner in Eurofin, since 1986 he has helped build up the financial advisory business of the company and has been involved in a number of restructuring projects on behalf of financial institutions. Janos is a frequent speaker on international shipping related conferences.

 

Michael Zolotas

MBA, INSEAD. BA & MA in Economics & Management at Oxford University. Having started as an analyst at Deutsche Bank, he rose through the ranks to become Managing Director and European Head of Shipping & Logistics within the Investment Banking Division in London. Michael has originated, structured and executed in excess of 40 shipping related transactions across a broad range of products, including Structured Finance, M&A, ECM and LDCM. He has been running Eurofin’s London office since 2018, focusing on European and US shipping companies and capital providers.

Eurofin S.A was formed in 1989 in Athens to further expand the activities of Eurofin International, taking better care of the promising Greek and South Eastern Europe shipping clients. Moreover, at the time Greece was undergoing a structural reform in a number of sectors and Eurofin associated itself with a number of prominent investment banks to participate in privatizations and capital market transactions.

Ioannis Alexopoulos

MSc Shipping, Trade and Finance, City University Business School, BSc Economics and Business Economics, Southampton University. Yiannis, gained experience in shipping through short-term employments with Golden Union Shipping Co. (which included time at sea) , Carriers Chartering S.A. in Piraeus and Angus Graham & Partners in London. He then joined Laiki Private Banking in Cyprus, an HSBC Group associate in 1999 where he held positions in both portfolio management and client advice, servicing expatriate as well as offshore High Net Worth Individuals. He joined the Athens office of Eurofin in 2002 and is now spearheading the company’s shipping operations in Greece.

 

Gerasimos Zolotas

BA in Communication from the American College of Greece. Worked for Dreamtech Software, a software developer that specializes in shipping, where he helped develop client relationships and assisted in the functionality design and testing of new modules for the software. He joined Eurofin in November 2009 as an analyst and is now involved in financial analysis and modeling for Eurofin’s international clientele in the shipping industry.

 

Christina Alexandropoulou

MBA in Shipping, ALBA Graduate Business School, BSc in International and European Economics, Athens University of Economics and Business & Diploma in Economics, University of Kent. Christina started her career as an advisor, developing clients’ support of Provopoulou-Papazoglou consulting office. Worked with top-tier leading manufacturers and marketers in the travel retail industry. While being exposed in a multinational environment, she enhanced brand awareness, marketing strategies, and established trust relationships with customers. Shortly after her MBA studies, she joined Eurofin’s team in 2019, as an analyst.

 

CORPORATE FINANCE

 

Spiros Vellas

MSc in Finance & Economics, London School of Economics. Spiros started his career engaged in a project finance venture in Italy and further moved onto the corporate side, involved in the IPO process and IR management of Alpha Infotech in Athens. He then worked for Eurobank on various risk management projects and loan securitisations. Further, he switched to investment banking with Lead Finance, a corporate finance boutique actively involved in buyside and sellside in M&A, debt and corporate restructures. Prior to joining Eurofin in 2015 as head of Corporate Finance, he was employed by Clayton. His role was focused on the participation and management on projects for Greek and international financial institutions in corporate finance advisory, loan portfolio due diligence & valuations and AQR.

 

ASSOCIATES

 

Panos Solomonidis

MBA, INSEAD. MSc (Structural Eng), Southampton U. Worked as a construction site Manager, IT analyst (Military service), and Financial Consultant with one of the “Big 8” auditing firms prior to joining HSBC Piraeus in 1987. During a 25 year career in ship financing with HSBC Panos established close ties with numerous ship-owners, financiers, and other influential professionals in Greek Shipping. In addition to structuring and executing shipping loans, he advised owners on cross-border banking transactions, hedging strategies and structured investments. In cooperation with Eurofin since January 2013.

 

Ioannis Souflis

Diploma Degree and a PhD Degree in Electric Power Engineering from the National Technical University of Athens, Greece. He has been involved in a variety of projects in Greece and abroad as an adviser and project manager. He also holds an extended experience in designing and establishing management systems in accordance with international standards (ISO 9001, ISO 14001, OHSAS 18001, SA 8000, GRI reports), while he is a certified quality management systems auditor and environmental quality management systems auditor. Mr. Souflis worked as a contract freelance adviser or as an external adviser with INFOROUP SA participating in large projects of the private and the public sector in Greece and abroad. He participated in large projects of the European Commission and he worked as an external adviser with the United Nations Environment Programme (1990-1993). Moreover, he has served as a member of the International Board of Directors of the Network for Environmental Technology Transfer (European Commission, 1990-1992). He was also on of the founders and partners of ENERSYS Ltd (1990-1993). He has been working for KPMG Advisers SA, Greece, from 1997 until 2007 as Quality Manager He left KPMG in 2007 and he joined OMNILINK SA in the same year as Director, working in the areas of investment analysis, evaluation and realization, strategic management, business operations and corporate governance. Mr. Souflis left OMNILINK SA in November 30th of 2010 and he works as a contract adviser since 1st December 2010.

SEAFIN Pte Ltd was established in Singapore in early 2007 with the objective to maximize the synergies between the Asian shipping network and experience with the European knowhow and expertise in shipping finance. The company provides shipowners, charterers, investors, banks and finance houses a full range of financial services including financial advice, deal structuring, transaction and financial support, and financial market intelligence.

Seafin is focused on pure Asian deals, at the same time however it bridges Eurofin’s existing network of owners, investors and banks in Europe with their Asian shipping counterparts in exploring cross continental opportunities for cooperation.

Anthony B Zolotas – CEO of Eurofin Group

MSc in Naval Architecture and Marine Engineering and MSC in Shipping and Shipbuilding Management from M.I.T. After finishing his studies he worked for a while as a superintendent engineer for Thenamaris Shipmanagement and Empros Lines two shipping companies based in Piraeus. In 1977 he moved to London and held executive positions with a number of International Banks specialising in Shipping and Corporate Finance, before establishing Eurofin in 1984. At Eurofin, he used his technical and financial background to build a strong and successful financial advisory business with emphasis on shipping. In 2001 he returned to Greece from where he is directing the diversification of the group’s portfolio of activities. Anthony is a regular speaker at international conferences.

 

Dimitris Belbas

MBA, INSEAD. BSc & MSc in Mechanical Engineering, National Technical University of Athens (ΕΜΠ). After working as a Logistics Manager for a multinational company in Greece, Dimitris joined Lamda Shipyards as Deputy Commercial and Technical Director, focusing on account management, drafting quotations and negotiating contracts. He was also a project manager in several ship and yacht repairs. After his MBA, Dimitris worked in the UK and Singapore before joining Seafin in 2008 where he has successfully expanded the group’s corporate finance and shipping finance activities in the Asia Pacific region out of the Singapore office and participated as a speaker in shipping finance forums.