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AKL advises Piraeus Bank on €710m Ella Hotels bond boan. Aklawfirm is extremely happy to share that AKL acted as legal adviser to Piraeus Bank in its capacity as, inter alia, Coordinator, Mandated Lead Arranger, Lender and Bondholder Agent in connection with a €710 million bond loan financing extended to Ella Hotels, a hospitality platform backed by H.I.G. Capital. Ella Hotels operates a growing portfolio of high-quality assets in key tourist destinations and is pursuing a strategy focused on further growth through acquisitions and development. The transaction forms part of a broader recapitalisation of the Ella Hotels Group and supports the refinancing of existing indebtedness, the funding of capital expenditure and hotel developments, as well as the financing of acquisitions and the continued expansion of its hospitality platform across Greece and other Mediterranean markets. AKL advised on all aspects of the financing, including the structuring of the bond loan, the drafting and negotiation of the finance documents and the implementation of the security package, as well as on all real estate matters related to the financing. The Banking & Finance team was led by Alexandros Kosmopoulos, Head of Banking & Finance, with the support of Georgios Rafail Athanassiou, Senior Associate, and Aliki Christodoulia and Eleni Ploumi, Associates. Real estate aspects of the transaction were handled by Helen Alexiou, Head of Real Estate, with the support of Eleftheria Vassila, Vicky Zarakioti and Stamatia Tsopela, Senior Associates. This transaction represents one of the largest financings in the Greek hospitality sector in recent years and highlights the continued strength and growth of the tourism industry, as well as the availability of significant liquidity for high-quality sponsor-backed platforms. Aklawfirm would like to thank all parties involved in the successful completion of this transaction! Offices. +30 210 33 92 600

H.I.G. Realty completes a $1.6 billion recapitalization of Ella Resorts and OB Streem. LONDON - March 25, 2026 - H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $74 billion of capital under management, is pleased to announce that its affiliates have refinanced Ella Resorts ("Ella") and OB Streem ("Streem") with a consortium of European banks. Ella is H.I.G. Realty's hospitality platform focused on premium resort destinations across the Mediterranean, with approximately 4,400 keys across its portfolio and a strong pipeline of acquisitions throughout Italy, Greece, and Spain, with a target expansion to 10,000 rooms. Streem is a fully integrated logistics platform managing over 400,000 sqm of warehousing space while providing mission-critical logistics infrastructure across key European trade corridors. Its offering includes cold storage, ambient storage, and container depot storage (IOS), as well as a prospective pier terminal, in addition to services such as freight forwarding and transportation. The transactions establish an efficient capital structure to support the continued growth of both platforms, including the ongoing refurbishment and repositioning of Ella's resort portfolio, the expansion of Streem's logistics infrastructure network, and new acquisitions. The refinancings were led and underwritten by Bank of Piraeus, with participation from other leading European financial institutions. The transaction reflects the banking syndicate's confidence in the long-term growth prospects of both platforms, which operate in sectors that are critical to the European economy. Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, in London, commented: "The successful completion of these two refinancings represents an important milestone for two of H.I.G. Realty Europe's key platforms. We remain focused on acquiring and scaling real estate platforms in sectors with strong fundamentals, leveraging our combined real estate and private equity expertise." Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, commented: "With these refinancings successfully completed, Ella and Streem are both entering a new phase of development. Streem continues to strengthen its position and dominance in the local market, while Ella is expanding internationally into Italy and Spain. The strong support from institutional lenders reflects the quality of the platforms we have built, and enables us to continue investing in our assets and expanding in a capital-efficient way." About H.I.G. Capital. H.I.G. Capital is a leading global alternative investment firm with $74 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach: * H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. * H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance. * H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices. * H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector. Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.