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The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.

Chapters Name Firm Section Work Area Firm ID Lawyer ID Office URL Lawyer URL

France > Private equity > Law firm and leading lawyer rankings

Editorial

Fund formation

Index of tables

  1. Private equity: fund formation
  2. Other recommended firms
  3. Leading individuals
  4. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Fund formation clients in France using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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Clifford Chance’s broad practice includes the formation of funds under French and Luxembourgian law as well as the creation of pan-European investment funds. The team has experience in assisting with LBO funds, mezzanine funds and primary and secondary debt funds, but also covers venture capital funds and infrastructure funds. Xavier Comaills heads the group, which also includes real estate investment fund specialist Eric Davoudet. The team has a core focus on upper-mid and large-cap operations. Recent highlights include acting for Natixis Asset Management Subsidiary Mirova on the creation of and fundraising for its Mirova Core Infrastructure Fund II with a target value of €1bn and advising Sofinnova Partners on the creation of a new fund in industrial biotechnology. Other work includes assisting Montefiore Investment with the creation of a mid-market LBO fund focusing on European service companies, and advising Cathay Capital on the restructuring of an innovation fund. The team also acted for Cathay Capital on a rare €270m small-cap fund creation and fundraising matter. In the debt fund space, it advised Groupe Bruxelles Lambert on the structuring of and fundraising for a secondary debt fund with a target value of €850m and assisted Tikehau Investment Management with the formation of and fundraising for pan-European private debt fund Tikehau Direct Lending III. Other clients include Kartesia Advisors and Parquest Capital. Of counsel Tiana Rambatomanga joined Stephenson Harwood as a partner.

Dechert LLP provides ‘overall excellent service’, ‘knows the market practices and has a reliable global network’, allowing it to advise ‘on local practices as well as global market trends’. The ‘business-oriented and client-friendly’ team has ‘strength-in-depth’, with Antoine Sarailler, who ‘provides adequate and thorough advice’ and tax expert Sabina Comis the key practitioners. The group’s strengths include the formation of investment and private equity funds, primary investments and secondary transactions, as well as the development of new products and alternative investment funds and the corresponding regulatory advice. The department advises sponsors and principals of funds, many of them well-known market players. The group advised NewAlpha Asset Management on the formation of a private equity fund in the fintech investment space. Other matters include assisting with the formation of senior debt funds and French fonds professionnels de capital investissement. On the regulatory side, the department regularly collaborates with the French Private Equity Association and the French Asset Management Association. Partech Partners is another client. Olivier Dumas joined Joffe & Associés.

The ‘truly transaction-orientedGide Loyrette Nouel A.A.R.P.I.always delivers an outstanding level of service’, with ‘a great response in terms of time, substance and general guidance’ and, according to one client, has ‘by far the best mix of technical expertise and practical experience among asset management lawyers’. The team ‘knows the industry in France, Europe and North Africa’ and is considered ‘a trendsetter with a reliable global network’ as well as ‘a great partner for long-term matters as it provides stability’. The fund formation practice is part of the firm’s wider investment management department, and it advises sponsors and investors on private equity funds and other private funds. The team’s workload is largely domestic, although Ann Baker, who co-heads the practice with Stéphane Puel, is also admitted to the New York bar. The ‘very-well connected’ Puel ‘has an in-depth knowledge of the asset management industry in all regulatory aspects and from a business standpoint’ and is ‘a sharp-witted strategist’ and ‘key influencer in asset management and finance regulation in France’. Counsel Rima Maitrehenry provides key support. Recent highlights include advising Omnes Capital on the structuring of a fund dedicated to investments in high environmental performance buildings, a first on the French market. The group assisted Unigestion Asset Management with structuring its fourth dedicated private equity secondary fund, and also acted for Korelya Capital on the structuring and formation of the K-Fund 1, which is focused on financing European, and in particular French, start-ups. Amundi, Eiffel Investment Group and Idinvest are also clients. Benjamin Delaunauy made counsel in January 2017.

Goodwin provides ‘top-notch service’, has ‘great industry knowledge’ and fields ‘a very smart, efficient and hard-working’ team and also stands out for its ‘large experience – which is of particular importance for pan-European funds – and its availability’. The group excels in advising on fund formation matters, with experience including infrastructure and mezzanine funds, LBO funds and funds of funds as well as debt funds, but also has strength in secondary transactions and fund restructuring. Since Arnaud David and his team’s arrival from the now closed Paris office of King & Wood Mallesons, the firm has handled an impressive number of domestic and cross-border, mainly UK and US, matters. In addition to assisting Antin Infrastructure Partners with the high-profile fundraising of Antin Infrastructure Partners III, the company’s third fund, with a total raised value of €3.6bn to facilitate investing in infrastructure businesses in Europe, the team also acted for Chequers Capital on the fundraising of Chequers Capital XVII with a total raised value of €1.1.bn. The practice also advised leading investment player Eurazeo on the fundraising of its new co-investment fund Eurazeo Capital II, with a total commitment of €500m. Other clients include Sagard, L Catterton Europe and FrenchFood Capital. Senior associate Sarah Michel provides key support.

Jones Day advises on a large range of fund formation matters, from infrastructure funds to real estate funds, mezzanine funds and funds of funds. The group handles an even split of cross-border and domestic matters, all of which are led by practice head Florence Moulin, who offers a one-stop-shop for the legal, tax and regulatory issues surrounding the formation and structuring of private equity funds. The department was recently active in an impressive number of high-profile matters such as advising Axio Capital on the formation of Axio Croissance, a French Special Limited Partnership (SLP) designed for the microcap market segment, and acting for Bex Capital on the formation of Bex Fund II, another SLP, that will focus on making secondary deals in investments in funds of funds. Other highlights include assisting Quaero Capital with the formation of a €250m infrastructure fund, a first for the client, and advising South Korean internet giant Naver on its investment in European investment fund K-Fund 1, which is aimed at European technology start-ups. Ardian, Truffle Capital and Bpifrance are other clients.

Willkie Farr & Gallagher LLP is active in the formation of a broad spectrum of funds, with experience including buy-out and mezzanine funds, distressed funds, debt funds and venture funds as well as infrastructure funds. Highlights included advising BlackFin Capital Partners on its first closing in excess of €100m for a venture capital fund dedicated to European fintechs, insurtechs and regtechs and assisting PAI Partners with two co-investment funds totalling €300m. Other work includes acting for Alpha Private Equity on the fundraising of a high-value mid-market pan-European fund, which raised over €903m in total from a diverse group of investors including pension funds, funds of funds and insurance companies, family offices and government agencies, surpassing the targeted amount of €800m. Apax Partners, Céréa Capital and Bpifrance are also clients. Nathalie Duguay heads the practice.


LBO

Index of tables

  1. Private equity: LBO
  2. Other recommended firms
  3. Leading individuals
  4. Next generation lawyers

Next generation lawyers

  1. 1
    • Sébastien Crépy - Paul Hastings LLP
    • Laurent Victor-Michel - Linklaters

Who Represents Who

Find out which law firms are representing which LBO clients in France using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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Latham & Watkins advises on LBO transactions of private and public companies, with particular strength in competitive auction and carve-out matters, but the team also has experience in joint ventures, exclusive transactions and club deal mandates. Practice head Gaëtan Gianasso, who along with Thomas Forschbach is qualified in England and Wales, Olivier du Mottay and Denis Criton are the key names; Forschbach is also admitted to the German bar. The department acts for fund sponsors, investors, banks and sellers and has recently been active in a number of high-profile matters, such as ICG’s €2.5bn majority investment in the DomusVi Group involving a pre-emptive offer. Other highlights include advising the Canadian Public Sector Pension Investment Board on the €1.9bn acquisition of Cerba HealthCare from PAI Partners, and assisting Ardian with its 60% investment in the global products solutions division of Assystem, in a complex cross-jurisdictional carve-out matter. Advent International, Blackstone, Bridgepoint and the Carlyle Group are other clients.

Weil, Gotshal & Manges LLP stands out through its ‘industry knowledge, quick answers and very strong advice’. The team undertakes domestic and cross-border work and handles transactions ranging from small-cap to large-cap matters. David Aknin heads the department, with Jean Beauchataud, Emmanuelle Henry, Frédéric Cazals and Alexandre Duguay also key practitioners. Recent highlights including advising PAI Partners on the sale of Cerba HealthCare to the Canadian Public Sector Pension Investment Board and assisting Advent International with its over €2.4bn acquisition of identity and security solution player Morpho from Safran. The group also acted for Advent International on two other mandates, the acquisition of IPH from PAI Partners and the sale of Corialis to CVC Capital Partners. Other work includes advising Vinci Concessions on the sale of a 24.6% stake in Indigo to Ardian and Crédit Agricole Assurances. Other clients include Montagu Private Equity, Antin Infrastructure Partners and Oaktree.

Clifford Chance acts for private equity funds, banks and infrastructure funds on mid-cap to large-cap transactions, with expertise in numerous sectors including healthcare, telecoms, infrastructure and financial services. The team is a key name for complex cross-border transactions, but also handles domestic matters. Fabrice Cohen, Marianne Pezant, Gilles Lebetron and Laurent Schoenstein are the key names. In one example of the department’s cross-border strength and experience in auction processes, the team advised KKR Infrastructure on its agreement to purchase Q-Park NV from a group of institutional investors in a cross-office matter involving the firm’s Amsterdam, London and Luxembourg offices. Other highlights include advising Temasek Holdings on its minority stake investment in Axéréal Malt Holdings, in a matter that involved high-stakes joint venture negotiations to secure the liquidity and sustainability of the investment, and assisting private equity investment firm Clayton, Dubilier & Rice with its purchase of France’s largest furniture retailer But, an acquisition in consortium with WM Holding, an investment vehicle of an Austrian furniture retailer. Other major instructions came from Carlyle and Triton. Blackstone, Apax Partners and Ardian Private Debt are other clients.

DLA Piper’s practice has a core focus on private equity funds and financial investors, and is particularly active for portfolio companies. Key sector strengths include technology, retail, leisure, manufacturing, aeronautics and defence. The team’s strong point is mid-market to upper mid-market transactions, though it is also handling an increasing number of large-cap transactions. The practice is kept busy handling domestic mandates, but profits from the firm’s network to advise on multijurisdictional matters. Practice head Xavier Norlain recently advised Ardian on its €675m acquisition of Unither by way of a pre-emptive offer. Michel Frieh recently assisted Abenex with its minority investment in real estate development group LP Promotion, which included a reorganisation of the share capital. In an example of its work in the domestic space, the team handled Cobalt Capital’s sale of the TCS Group. Bridgepoint, Edmond de Rothschild Investment Partners and Montefiore Investment are other clients.

Largely active in mid- and upper mid-market transactions, De Pardieu Brocas Maffei acts for private equity funds and banks on equity and mezzanine transactions, with the set-up of senior debt a particular strength. The team handles buy-side and sell-side mandates and regularly acts for management teams. Jean-François Pourdieu is the key name, with Cédric Chanas also noted. The group handles a large volume of headline domestic transactions. The group advised 21 Centrale Partners and Digital Virgo and its management on the restructuring of Digital Virgo and the entry of Sofival and BNP Paribas Développement into Digital Virgo, and assisted Siparex, Unigrains, Raise Investisseurs, Etoile IF and EMZ Partners, as investors, on the acquisition of a minority share in Carso Group. In another highlight, it assisted Five Arrows Managers as co-investment partner on the l@D LBO. Examples of recent LBO financing work include advising a banking pool on the financing of the senior debt of Europe Snacks Group concerning the acquisition of Kolak Snack Foods, and assisting LCL and CM-CIC Private Debt with the financing of the senior debt for the acquisition of Ecotel Chomette Favor from Naxicap Partners. Other clients include Sphere Group, Natixis and Camaïeu.

Freshfields Bruckhaus Deringer LLP is ‘one of the best practice groups in France’, and combines ‘excellent negotiation skills’ with ‘strong technical expertise’. The team works in close cooperation with the firm’s finance department. Stéphanie Corbière, Laurent Mabilat, who has ‘very strong expertise’, Yann Gozal, Guy Benda and the ‘commercially savvy’ ‘solution-provider’ Nicolas Barberis were new arrivals from Ashurst LLP. Barberis and Alan Mason jointly head the practice. Florent Mazeron is another notable practitioner. Complex cross-border matters are a particular strength, as evident in the team’s advice to the Carlyle Group on its $3.2bn acquisition of Atotech from Total, which involved over 40 countries, and assistance to Warburg Pincus with the acquisition of Accelya, to create a global player in the technology-enabled solutions sector for the travel and transport industry. Domestic highlights include acting for Ardian on the acquisition of a 44% stake in the Société du Pipeline Méditerranée Rhône held by Total and Esso. Nordic Capital, Bpifrance and Charterhouse Capital Partners are other clients.

Goodwin advises clients from a range of sectors and has expertise across the full life-cycle of private equity investments, acting on the buy and sell sides. Mid- to upper mid-market transactions are core focus areas, though the team also has experience in advising on large-cap deals. Practice head Maxence Bloch and Thomas Maitrejean are key names in a team that also includes Christophe Digoy and Pierre-Louis Sévegrand. Recent examples of its ability to handle high-profile work include advising PAI Partners and the management of Cerba on the sale of Cerba HealthCare to a consortium led by Partners Group and the Public Sector Pension Investment Board. Other highlights include assisting IK Investment Partners with an exclusive agreement with the management team to acquire a majority stake in Pinard Emballages Group and an exclusive agreement with Eurazeo PME and the management team regarding the purchase of a majority stake in elderly care provider Colisée. The group also handled Azulis Capital’s acquisition of Grain d’Or Gel. Equistone Partners Europe, Astorg Partners and Ardian are other clients.

Linklaters is known for its ‘industry knowledge, quick answers and very strong advice’ and specialises in advising private equity houses. The group has experience in a broad array of transactions, including primary buyouts, secondary buyouts and infrastructure buyouts. Vincent Ponsonnaille led advice to Partners Group and the Public Sector Pension Investment Board on the acquisition of Cerba HealthCare and, alongside Laurent Victor-Michel, assisted Apax Partners Midmarket with its acquisition of Ciprés Assurances from US firm TA Associates. Other work for the team included assisting Goldman Sachs with the proposed acquisition of mortgage comparison and mortgage insurance broker Meilleurtaux.com, and acting for OVH Partners on investments made by funds KKR and TowerBrooks. Bridgepoint, Carlyle and Equistone are other clients. Practice head Fabrice de la Morandière, Alain Garnier, Marc Petitier and David Swinburne are other names to note.

Mayer Brown is acclaimed for its ‘excellent quality of advice and availability of the team’. The group acts for investment funds and management teams on mainly mid-cap operations, but also has strength in large-cap matters. Recent highlights include advising LBO France on its acquisition of RG Safety from Abénex Capital, assisting Chequers Capital with the acquisition of recycling and waste management company ECT, and acting for Eurazeo on the sale of Colisée. Other work includes handling Sagard’s acquisition of Ipackchem from Céréa Partenaire and Bpifrance, and advising Oaktree Capital on the acquisition of a majority stake in a special purpose vehicle owning two office towers. Primonial and IPH are new clients. Practice head Guillaume Kuperfils, ‘artful’ and ‘astute negotiator’ Jean-François Louit, Olivier Aubouin, Xavier Jaspar, Emilie Pennec and Thomas Philippe are the main practitioners. Recently promoted partner Caroline Lan is ‘precise and clear’ with ‘a sense for detail’.

At Paul Hastings LLP, the ‘very responsive’ team of ‘hard workers’ have ‘very strong technical and execution skills’ combined with ‘business-oriented advice’. The practice handles a large volume of mid-market deals, but is also able to assist with large-cap transactions. Olivier Deren, who is also the chair of the Paris office, heads the department, which includes the ‘constructive’ Alexis Terray, ‘who is very involved in the deal and on top of what is happening’ and ‘steps into negotiations when necessary’, and Sébastien Crépy, who ‘works day and night to meet deadlines’. The group recently advised the management of Safran Identity & Security on the contemplated LBO of the company and assisted Astorg with its bid in the auction process for the LBO of Swiss industrial software group AutoForm, in a cross-border matter involving Switzerland and Luxembourg. In a further example of its cross-border capability, the team advised Astorg on the sale of portfolio company Saverglass to the Carlyle Group, including Saverglass’ facilities in France and the United Arab Emirates. Equistone, Capzanine and Qualium Investissement are also clients.

Boutique firm Scotto & Associés specialises in advising managers on the legal and tax issues concerning private equity transactions. The team has an excellent reputation for its management packages work in domestic and cross-border transactions, and undertakes work in the low-cap to mid-market segment, but also has a strong track record in upper mid-market and large-cap mandates. Practice head Lionel Scotto Le Massese, Nicolas Menard-Durand, Isabelle Chéradame and Claire Revol-Renié are the key names. Highlights included advising the management on Brétèche Industrie’s acquisition by IK Investment Partners from Equistone and advice to Kerneos’ top management on the company’s takeover by Imerys. The team also advised the management of Staci on the company’s fourth LBO with Copeba as the buyer and ICG as the seller, and assisted Tessi and its management with the company’s takeover by a consortium led by HLD. Amatsigroup, Baccarat and Atotech are other clients.

Willkie Farr & Gallagher LLP mainly handles mid- to upper mid-market transactions, both domestic and cross-border, but also advises on large-cap deals. A major highlight was advising PAI Partners on the sale of a majority stake in DomusVi, the leading French retirement and nursing home provider, to Intermediate Capital Group and Sagesse Retraite Santé, a transaction that had cross-border elements involving Spain. The group also assisted PAI Partners with the sale of IPH to Advent International, a cross-border matter that allowed the team to leverage the firm’s European network. On the domestic side, the team assisted the founder of the Mériguet Group, Antoine Courtois, and the group’s management team with Raise Investissement and IDI’s investment in the company. Ekkio Partners, Qualium, and Palamon are also clients. Edouardo Fernandez, Christophe Garaud and Cédric Hajage are the key names.


Venture and growth capital

Index of tables

  1. Private equity: venture and growth capital
  2. Other recommended firms
  3. Leading individuals
  4. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Venture and growth capital clients in France using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

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Dechert LLP is particularly strong in the life sciences, pharmaceutical and technology sectors and guides clients through all the stages of investing, from investment to exit. The team advises investors and French and foreign investment funds, including seed funds, venture funds, growth funds and corporate funds. Anne-Charlotte Rivière and practice head François Hellot, who is active in venture and growth capital instructions, are the key names. Senior associate Xavier Leroux provides key support. The department acted for Ginko Ventures on the €100m Devialet fundraising round and an equity investment in LPWAN player Actility. It also advised Vitruvian partners on the fundraising for Vestiaire Collective and assisted CapDecisif with the sale of GreenPoint to Webhelp. Testament to its expertise in the life sciences sector was its assistance to Alan Healthcare on its seed fundraising and insurance license from the ACPR. Other clients include Accel Partners, Bpifrance Investissement and Eurazeo Croissance. Matthieu Grollemund joined Baker McKenzie.

Gide Loyrette Nouel A.A.R.P.I. handled a large number of venture and growth capital instructions and acts for investors and target companies. The group covers the full range of investment issues, from the drafting and the negotiation of investment agreements to issuing securities and setting up profit-sharing and incentive plans, for executives and shareholders. Private investments in public equity are one of the firm’s key strengths. Pierre Karpik is the key name for venture and growth capital matters and has a core focus on the high-tech sector. Recent highlights include advising the investors on the €100m fundraising for high-tech electronics player Devialet and acting for the investors on the fundraising for Actility, which attracted investors including Bpifrance, KPN Ventures and Inmarsat. Other instructions came from ulule, dataiku and Qapa.

Jones Day has ‘an outstanding knowledge of the industry’ and ‘a great team’. It has a clear focus on the life sciences and technology sectors thanks to the expertise of practice heads Renaud Bonnet, Charles Gavoty and Jean-Gabriel Griboul, who are ‘a pleasure to work with’, ‘very responsive’ and ‘always looking for balanced solutions’. Highlights included advising Devialet on its high-profile €100m financing round and assisting French food-tech start-up Frichti with a €30m financing round. In a cross-border matter involving France and the US, the team advised Ivalua on a $70m minority investment by KKR. Goldman Sachs and BNP Paribas are new clients.

Bird & Bird has particular strength in the life sciences sector. Emmanuelle Porte, who joined from Redlink, jointly heads the team with David Malcoiffe, who is based in the Lyon office. Recent highlights include assisting digital health company Tilak Healthcare with its Series A fundraising with Ibionext Growth Fund and advising Eurolist medtech player Pixium Vision on setting up a venture loan with Kreos. The team also acted for Seb Alliance on its investment in Feeligreen, a company specialising in cosmetic and healthcare innovation. Sodexo, Biophytis and Domain Therapeutics are also clients.

Chammas & Marcheteau advises clients from a diverse range of sectors on the full spectrum of investment-related matters, from non-disclosure agreements to purchase and investment agreements, representation and warranties, financial documentation and the issuing of securities. Lola Chammas, Denis Marcheteau, Camille-Maya Hurel and Nicolas Lecocq jointly head the practice and act for investors and start-ups. The team advised Idinvest, Ecomobility Ventures as investors on the third Boxtal fundraising round, and acted for SNCF Digital Ventures as investor on the first fundraising round for Allocab. Testament to its work for start-ups is its advice to Shapr on its first fundraising round and assisting Babyzen with the addition of a new investor to its capital. Clients are largely drawn from the consumer goods sector, though it also acts for a number of clients from the medtech and technology sectors. Quattrocento, Seventure Partners and Innovation Capital, Inserm Transfert Initiative and Kima Ventures are other clients.

Goodwin, which established a private equity practice in its Paris office in 2016, advises on transactions in areas including software, e-commerce, apparel and consumer goods, fintech, cleantech and medtech. Clients include investors, venture funds, start-ups and more established companies, including Actility, Lead Edge and Antoine & Lili. The team assisted KKR with its $70m Series C preferred stock round into Ivalua, as part of a cross-border matter that also involved the firm’s Boston and San Francisco offices, and advised Unigrains on its purchase of a minority participation stake in the Copagest Group. In another high-profile matter, the group acted for new client Tikehau Capital on acquiring a £80m minority stake in UK-managed hosting group Claranet. Practice head Maxence Bloch, Jérôme Jouhanneaud and Christophe Digoy lead on the majority of matters.

Neptune Avocats primarily handles work from its Paris office, but also has an office in Lyon. David Sitruk, Patrick Douin and Lyon-based Jean-Pierre Chaux handle mostly mid-market operations for start-ups and investors. Recent work includes advising shoe manufacturer Finsbury on a €10m fundraising from Bpifrance and Alliance Entreprendre in exchange for a minority capital share, and assisting Jobteaser with its second fundraising round involving three investors. Other work in the start-up space, includes acting for an investor on the €150m fundraising of Sigfox from a group of 11 investors. Work for investors includes advising Highland Capital Europe Partners on its investment in Content Square, and assisting a group of investors with the Chronocam fundraising process. Evaneos and Archimed are also clients.

The ‘excellent’ and ‘responsiveOrrick Rambaud Martelhas a very strong transatlantic platform’ and ‘a very good knowledge of the industry’. The practice is particularly active in the technology sector, and has recently established a French desk in the firm’s Silicon Valley office, and acts for venture capitalists, angel investors and start-ups. Saam Golshani, Benjamin Cichostepski, who is ‘extremely good at finding balanced solutions and negotiating in a constructive way’, and Olivier Edwards, who is noted for his ‘watertight global vision’, are the practice heads. Highlights included advising the historical investors and funders of adtech start-up Teads on Teads’ acquisition by Altice and advising Qwant on its high-profile €18.5m fundraising from the Caisse des Dépôts et Consignations and publishing house Axel Springer. Other clients include Algolia, Botfuel and Inato.

Villechenon primarily acts for investors, but also assists companies with the fundraising of venture and growth capital. It has a strong focus on the technology sector, in particular biotech, e-commerce and cleantech, but also undertakes work in a range of other sectors. Recent highlights include advising Ekinops on its capital increase with preferential subscription rights in the context of the financing of OneAccess Group; and assisting offshore wind company Ideol on its fourth fundraising round involving three historical investors and one new investor. The team handled French investment fund Isai’s investment in cybersecurity player Advens and assisted Symbio Fcell with a fundraising round that brought in a new investor. Founding partner Francis Pinot de Villechenon, Morgan Hunault-Berret, Erwan Tostivint, Isabelle Burel-Blasoni, Gilles Roux and Tristan Segonds are the key names.


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    CEVA Logistics, one of the world's leading third-party logistics companies, successfully priced its IPO and listed its shares on the SIX Swiss Exchange, where trading commenced on 4 May 2018. With a market capitalization of CHF 1.6 billion and generating gross proceeds of CHF 821 million, this is so far considered as the largest IPO on the SIX Swiss Exchange for 2018. In addition, CMA CGM, the third largest container shipping group in the world, has committed to make a strategic cornerstone investment in CEVA Logistics by purchasing CHF 379 million of mandatory convertible securities which will convert into shares of CEVA Logistics once certain regulatory approvals have been obtained. Simultaneously with the IPO, CEVA Holdings, the former holding company of the CEVA group, migrated from the Marshall Islands to Switzerland by way of a cross-border merger with CEVA Logistic as the surviving company.
  • BAG: Employer not liable for harm caused by vaccine

    Employers who have flu vaccines administered within their company are not liable for any harm that might occur as a result of the vaccine. That was the verdict of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court, in a recent ruling.
  • Tax Update

    Cyprus Tax Department has announced that, as of June 1 st 2018 , the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy ) . JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.
  • Bär & Karrer Advises on the Financing of the Largest Thermoelectric Plant in Latin America

    Centrais Elétricas de Sergipe S.A. (CELSE) has successfully issued bonds for approx. USD 1 billion equivalent in local currency at a fixed, long-term rate in international capital markets. The innovative bond issue is guaranteed by the Swiss Export Risk Insurance (SERV), the export credit agency of Switzerland. The bonds are part of a financial package to finance the development, design, construction, operation and maintenance of a thermoelectric power plant by CELSE in the state of Sergipe in the northeast region of Brazil. Besides the bond issue for approx. USD 1 billion, the transaction includes a USD 200 million loan from the International Finance Corporation and a financial package of the Inter-American Development Bank in the amount of approx. USD 300 million. Once operational expected for in 2020, CELSE will sell electricity to 26 distribution companies in Brazil, becoming the largest and most efficient thermoelectric plant in Latin America and the Caribbean.
  • BAG: Threats made by employee can justify dismissal with immediate effect

    Employers do not have to accept threats made by employees. These can constitute good cause justifying extraordinary notice of dismissal with immediate effect, as demonstrated by a ruling of the Bundesarbeitsgericht (BAG), Germany’s Federal Labour Court.
  • SyCipLaw is Tier 1 Firm in IP STARS 2018 Rankings

    SyCip Salazar Hernandez & Gatmaitan (SyCipLaw) was once again ranked by Managing IP’s IP STARS 2018 as a Tier 1 firm in Patent and Trademarks/Copyright in the Philippines. In addition, SyCipLaw partners Enrique T. Manuel and Vida M. Panganiban-Alindogan are ranked as Trade mark star – Philippines . Mr. Manuel is also ranked as Patent star – Philippines .
  • Bär & Karrer Advises lastminute.com on Partial Self-Tender Offer

    On 21 September 2017, an extraordinary shareholders' meeting of the SIX Swiss Exchange listed lastminute.com N.V. authorized the board of directors to repurchase up to 33 1/3% of the company's share capital by means of a partial self-tender offer. The resolution adopted under Dutch law contained detailed information, among others regarding the period for which the authorization is granted, the manner in which the shares are repurchased and the price range within which the offer price must be set.
  • New Serbian Law on Foreigners Adopted

    In March 2018, the new Serbian Law on Foreigners was adopted, replacing the 2008 version of this law- in force until recently without any amendments. The new law will enter into force on 3 October 2018.
  • The Serbian Law on Foreign Exchange Amended

    On 20 April 2018, the amendments to the Law on Foreign Exchange (the “Law ”) were adopted and will enter into force on 28 April 2018 . Exceptionally, the application of certain provisions related to the assuming of competencies over foreign exchange control by the National Bank of Serbia is delayed until 1 January 2019.
  • Bär & Karrer Advises Vyaire Medical on its Acquisition of Acutronic Medical Systems

    Vyaire Medical, Inc., a global leader in respiratory care, acquired all shares in the Acutronic Medical Systems group, a Switzerland and Germany-based leader in the design and manufacture of neonatal ventilation equipment.