CVC Capital Partners VII, LP managed by CVC Capital Partners Limited made a binding offer to acquire a majority stake in Vivartia Holding S.A. from Marfin Investment Group Holdings S.A. (ATSE:MIG) and others on September 17, 2020. CVC Capital Partners Limited agreed to acquire Vivartia Holding S.A. from Marfin Investment Group Holdings S.A. and others for approximately €600 million on November 26, 2020. Apart form the consideration of €175 million, CVC will also take over Vivartia's debt, currently at €425 million , raising the company's appreciation to more than €600 million. CVC will pay €161.1 million in cash to Marfin Investment Group Holdings S.A on the day of completion of the transaction. Board of Directors of Marfin Investment granted to CVC an exclusivity period for the negotiations and the completion of the agreement until November 6, 2020(inclusive), during the period Marfin Investment will proceed to the appointment of a financial adviser to support the company at the stage of negotiations and examine whether the transactions terms to be agreed upon are reasonable and fair. Board of Directors of Marfin Investment granted to CVC an exclusivity period for the negotiations and the completion of the agreement until November 30, 2020. The offer is subject to usual terms and conditions including, final approval by CVC’s competent corporate bodies, agreement as to the specific terms of the share purchase agreement, approval by Marfin's shareholders, regulatory approval and competition authorities. As of February 26, 2021 Marfin's shareholders approved the deal. As on December 1, 2020, Marfin Investment Group announced that its Board of Directors unanimously approved the deal. Nikos Papachristopoulos and Marina Androulakakis of Bernitsas Law acted as legal advisor to CVC. CVC Capital Partners VII, LP managed by CVC Capital Partners Limited completed the acquisition of Vivartia Holding S.A. from Marfin Investment Group Holdings S.A. (ATSE:MIG) and others on March 30, 2021. N M Rothschild & Sons Limited acted as a financial advisor to Marfin Investment Group Holdings S.A. Yusuke Abe, Koo, Bryan and Fu, Julie of Clifford Chance, Hong Kong acted as a legal adviser to Vivartia Holding.