Insights

June Recap: A Grand Celebration and a New Success

By June 28, 2024 July 5th, 2024 No Comments
Discover Eurofin Group's big wins in June including Posidonia celebration and a significant M&A achievement.

June was an exciting month for the maritime industry, as it is every Posidonia year. Shipping professionals from around the globe descended upon Athens bringing together all the major players from all marine-related sectors, including financing. 

June was also a thrilling month for the Eurofin Group! 

We once again had the pleasure of hosting clients and friends during our own Posidonia event. Throughout Posidonia week we engaged with partners, collaborators, and clients and discussed new perspectives and potential alliances with many successful professionals across the shipping industry. 

Adding to the excitement, this year’s Posidonia coincided with our celebration of 40 fruitful years in the challenging and competitive field of marine financing.  

 On June 2nd, together with KfW IPEX-Bank, our longstanding partner in Greece, and a major lender to Greek shipping we hosted a dinner party at the Athens Tennis Club, where we welcomed close to 300 distinguished guests to an idyllic summer night of delicious dining and exciting conversations. It was a wonderful way to honor both our history and our much-valued 16-year partnership. So, we owe a big thank you, to everyone who made the reception possible and everyone who made it there, despite the appalling Athens traffic, to celebrate with us! 

Additionally, June marked a significant achievement for the Eurofin Group’s Investment Banking team. We acted as M&A advisors to Magellan Capital in their recently announced acquisition of Danmarks Skibskredit, (one of the largest lenders to shipping companies with a current portfolio of close to $4.5 billion), from Axcel, PKA, and PFA. Eurofin sourced the transaction for Magellan Capital, and provided invaluable advice for a period of more than 18 months. More recently we helped the company in a successful bond issue that was launched to part-finance the investment.   

The transaction was a significant achievement for Eurofin Group and, more specifically, the team of Michael Zolotas, Spiros Vellas, Frank Pedder, and Filippos Migliaressis, as it strengthened our M&A franchise and solidified our presence as financial advisors in the maritime industry.  

Here’s to more months like June, full of meaningful interactions and rewarding collaborations! 

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Eurofin International Ltd

The Pavillion
96 Kensington High St
London W8 4SG
United Kingdom
Tel.: +44 207 751 5515


Eurofin SA

11 Neofytou Douka
GR-106 74 Athens
Greece
Tel.: +30 210 36 23 334


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120 Robinson Road
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Tel: +65 6812 5717


Eurofin International Ltd

Boulevard de Grancy, 5
1006 Lausanne
Switzerland
Tel: +41(0)78.219.06.89
Tel: +33(0)6.77.12.13.02