Athens, 10.10.2006
Kelemenis & Co. acts for UK company and its Greek subsidiary in venture capital deal with Barclays

Kelemenis & Co. has acted for UK holding company Stelow Ltd and its Greek subsidiary Youtravel.com S.A. in venture capital deal with Barclays Ventures. Youtravel.com is a start-up travel company that shall render its services on a global basis. In addition to the investment agreement and the numerous ancillary agreements and documents that have come with it, the firm’s lawyers, Dr. Kelemenis and Dr. Bagias, have participated in negotiations, in the company’s legal due diligence and in the transaction’s completion that took place in London. Dr. Kelemenis shall serve on the board of Stelow Ltd as one of its directors. The valuation of Barclays' participation amounts to 22 million euro.

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