Bernitsas advised CVC Capital Partners and the founder shareholders of Skroutz SA Internet Services (Skroutz) on their entering into a binding agreement on 8 May 2026 for the sale of a majority stake in Skroutz to funds managed by Blackstone (the Agreement).
Under the terms of the Agreement, Skroutz's founders will sell a portion of their shareholding as part of the transaction but retain a stake and continue to lead the business. George Chatzigeorgiou will remain CEO. The transaction is expected to close in the second half of 2026, subject to regulatory approvals.
Skroutz is the leading e-commerce platform in Greece, offering more than 26 million products from approximately 9,000 merchants to around 2.5 million active users. Founded in 2005, Skroutz operates a vertically integrated platform that combines its marketplace with proprietary last-mile logistics, fulfilment services, a licensed fintech offering, and a growing retail media business.
Partner Nikos Papachristopoulos and Senior Associate Lefteris Mikros advised on this transaction.