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Private Equity

Luxembourg Court Rules In Favour Of Apax,TPG In Hellas Case

by efinancialnews.com posted 2years ago 8866 views
The liquidators of a Luxembourg holding entity of Hellas Telecommunications, formerly one of the largest cellular service providers in Greece, have lost a lawsuit against its former private equity owners Apax Partners and TPG Capital. Its liquidators brought a civil case seeking the return of all of the firms' profit from the deal, which they said was €978 million, as well as consulting fees, interest and damages. The company has been in liquidation proceedings since December 2011 – two years after the company went into administration, according to a filing by liquidators with the Luxembourg court In the filing, the...