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Dolphin Acquires 80% of Aristo Cyprus Property Developers

Dolphin Capital Investors (Dolphin), the leading investors in the residential resort sector in south-east Europe, announced the acquisition of an 80% shareholding in Aristo Developers Plc. Dolphin has secured a 60% shareholding from Mr. Theodoros Aristodimou, the principal shareholder and founder of Aristo, in exchange for €128.7m and a 15% interest in the Dolphin vehicle […]

Dolphin Capital Investors (Dolphin), the leading investors in the residential resort sector in south-east Europe, announced the acquisition of an 80% shareholding in Aristo Developers Plc. Dolphin has secured a 60% shareholding from Mr. Theodoros Aristodimou, the principal shareholder and founder of Aristo, in exchange for €128.7m and a 15% interest in the Dolphin vehicle acquiring Aristo, and 20% from Aristo’s second largest shareholder for €57.9m in cash.

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