Athens, 15 January 2021 - Karatzas & Partners advised a Spanish multinational group of companies active in the fashion and beauty sectors, with respect to the acquisition of 100% of the shares in Apivita SA, a Greek-based group of companies with significantly expanding operations in Europe and in Asia. Apivita has become a cult brand that offers natural beauty solutions derived from bee nectars and Mediterranean plan extracts augmented by cutting edge green cosmetology in a pioneer responsible organization.

This was a complex project that comprised a series of transactions, starting from March 2017 with the acquisition of a majority stake in Apivita from its founders, Nikos and Niki Koutsianas, and their family, continuing with the subsequent buy out of a number of minority shareholders and completing on December 23rd, 2020, with the acquisition of the remaining minority stake in Apivita from its founders.