Can Greece’s 5% tax lure private equity away from London?

Nikos Stathopoulos, BC Partners’ chairman for Europe, is reportedly relocating from Britain to Greece, where the buyout firm plans to open an Athens office. The move comes as Greece introduces tax incentives to attract fund managers. The bigger question is whether these incentives will bring more private-equity investment into the country. A relocation the firm frames as deals, not tax Bankingnews.gr revealed Stathopoulos’ move as of November 5, referring to sources close to the matter as well as a corporate filing. It is noted that BC Partners supervises over $40 billion of funds and intends to collect more funds to invest in Greece.

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