Banking and finance: transactional work in France

Allen & Overy LLP

Allen & Overy LLP remains a market leader, leveraging the deep bench strength of its global network and the experience of its team to advise major commercial banks, private equity sponsors, debt funds and corporates across the retail, chemicals, hospitality, aerospace and oil and gas sectors involved in major high-value, multi-jurisdictional transactions. The team is led by Julien Roux, who is an expert in corporate lending, real estate finance and debt restructuring; he assists banks and borrowers with private and public bid financings. Other key figures include Adrian Mellor, who is a specialist in acquisition and structured finance, Jean-Christophe David, who acts sponsor-side or lender side for domestic and international LBOs, and Thomas Roy, whose skill set covers investment grade corporate transactions, including sustainability-linked. Géraldine Lezmi, who has a focus on private equity-related transactions, was promoted to partner in May 2022.

Practice head(s):

Julien Roux

Other key lawyers:

Adrian Mellor; Jean-Christophe David; Thomas Roy

Testimonials

‘The team benefits from both great expertise on the subject on which we have worked together (corporate financing), in particular,  due to its experience on numerous similar operations as well as great responsiveness (ability to execute and efficiency).’

‘Julien Roux – efficient and able to get to the point by proposing constructive solutions to help reconcile the interests of the parties.’

‘Very high availability and excellent ability to offer adapted solutions that really meet our needs (able to go beyond the standards).’

Key clients

Crédit Agricole Corporate and Investment Bank

Natixis

La Banque Postale

Louis Delhaize

Borealis

Sodexo

In’Li

Eurazeo

PAI Partners

IK Partners

Biogroup (ICG / CDPQ / Straco / EMZ Partners)

Arcmont (formerly Bluebay)

Ares

Barings

CIC Private Debt

Eurazeo Private Debt (formerly Idinvest)

Kartesia

Work highlights

  • Advised French international banking group on a EUR 4.5bn bridge financing of the strategic repurchase by L’Oréal from Nestlé of its own shares.
  • Advised an international syndicate of lenders on the EUR 1.6bn bank debt financing for the purpose of the acquisition of Groupe Soufflet by InVivo.
  • Advised Ares Management and Arcmont Asset Management on the financing of the acquisition of Flowbird, a leading provider of hardware, software and payments for and transport ticketing for municipal and privately-owned car parking and public transport systems.

Clifford Chance

The team at Clifford Chance has a stellar reputation and is sought out by major domestic and international financial institutions, insurers, private equity funds, debt funds, government institutions, and corporates. Working in tandem with the securitisation group, which is headed up by Jonathan Lewis and Frédérick Lacroix, the core banking team consists of Thierry Arachtingi, who is an expert in leveraged and acquisition finance, real estate finance and debt restructuring, Daniel Zerbib, who brings strength to major matters in the infrastructure sector, Piere-Benoît Pabot Du Chatelard, who specialises in project finance and syndicated lending, Nikolaï Eatwell and Delphine Caramalli. The team is supported by counsel Maroussia Cuny. Counsel Mary Serhal departed in January 2022.

Practice head(s):

Thierry Arachtingi; Daniel Zerbib; Pierre-Benoit Pabot du Châtelard; Nikolaï Eatwell; Delphine Caramalli; Jonathan Lewis; Frédérick Lacroix

Other key lawyers:

Maroussia Cuny

Testimonials

‘Multi-disciplinary team capable of mobilising leading teams in various practices (financing, corporate, tax, restructuring, regulatory).’

‘Pierre-Benoit Pabot du Châtelard: excellent technician with a very strong knowledge of the latest developments in case law.’

‘First-rate team bringing together everything a client expects from his lawyer: perfect knowledge of the practice and the market, excellent negotiation skills, ability to find compromises to advance a deal while strongly defending client positions.’

‘Clifford Chance advised us in a particularly effective manner and with great pragmatism in the defence of our interests.’

‘Very nice team, very professional, well-versed in the French market.’

‘A very responsive team, with good quality at all levels, focused on delivering results.’

Key clients

BNP Paribas

Crédit Agricole

Natixis

Société Générale

Bank of America Merrill Lynch

Barclays

Credit Suisse

Deutsche Bank

Goldman Sachs

HSBC

JP Morgan

AXA

Carrefour

EDF

Eiffage

L’Oréal

Vinci

Bridgepoint

Work highlights

  • Advising the lenders on the financing of the acquisition of Equans from Engie by Bouygues Group.
  • Advising the lenders on the financing of the acquisition of the new Suez by a consortium of investors composed of Meridiam, Global Infrastructure Partners, Caisse des Dépôts et Consignations and CNP Assurances in the context of Veolia’s takeover bid on Suez.
  • Advising Parc Eolien Offshore de Provence Grand Large SAS and the joint venture between EDF Renouvelables and Enbridge on the financing of a floating offshore wind farm project off the coast of Port-Saint-Louis-du-Rhône (near Marseille) in France, with an installed capacity of 24 MW (3 SGRE turbines of 8 MW).

De Pardieu Brocas Maffei

The team at De Pardieu Brocas Maffei remains a force in the marketplace, bringing expertise to advising domestic and multinational financial institutions and corporates across such sectors as agribusiness, real estate, retail, automotive manufacturing and beverages, on high-value, multi-jurisdictional transactions. Headed by Christophe Gaillard, an expert in acquisition, syndicated and structured finance, the group also assists with project financings and complex debt restructurings. Emmanuel Fatôme manages major real estate transactions. The team is supported by recently promoted counsels Thibaut Lechoux, who is a syndicated financing specialist, and Côme Chaine, who handles regulatory issues

Practice head(s):

Christophe Gaillard

Other key lawyers:

Emmanuel Fatôme; Thibaut Lechoux; Côme Chaine

Testimonials

‘Team recognised for its excellence and its great knowledge of the latest market developments.’

‘Great technicality and attention to detail on French cases are at the heart of De Pardieu’s approach.’

‘Pragmatism, strength of proposal, advice to clients, very clear writing.’

Key clients

CA-CIB (Credit Agricole Group)

Société Générale

BNP Paribas

LCL

Natixis

CDS

ING

Aareal Bank

Deutsche Nank

Deka Bank

Tikehau Capital

Credit Foncier

Eramet

EIB

Invivo

Terrena

HSBC

IDinvest

La Banque Postale

Chargeurs

Marie Brizard Wine & Spirits

Groupe Looping

Work highlights

  • Advising a banking pool on the setting-up of two corporate syndicated financings for the general needs and external growth operations of the Altrad group, an operator in industrial services, specialising in scaffolding.
  • Advising a banking pool of nearly 60 banks with the provision of more than EUR 3.2bn of credit facilities, with security interests, to finance the Orpea Group’s cash flow needs, one of the world leaders in dependency care, listed on Euronext Paris.
  • Advising an investment fund managed by Cale Street Partners on behalf of the Kuwait Investment Office on the setting up of a mortgaged bond financing for Tesfran, a company managed by Primonial Reim France, for the redevelopment of the Hopen Tower located in La Défense.

Gide Loyrette Nouel A.A.R.P.I.

The experienced team at Gide Loyrette Nouel A.A.R.P.I. handles high-end transactional work for major domestic and international financial institutions and corporates across a mix of sectors. Structured finance and project finance expert Eric Cartier-Millon has strength in private finance initiative (PFI) transactions and is also a popular choice for senior lenders on LBO finance transactions and  debt restructuring agreements. Other key figures include real estate structure finance specialists Rémi Tabbagh and Laetitia Lemercier, and Farah El-Bsat and Nathalie Benoit. Senior counsel Kamel Ben Salah left the firm in 2022.

Practice head(s):

Eric Cartier-Millon; Rémi Tabbagh; Laetitia Lemercier; Farah El-Bsat; Nathalie Benoit

Testimonials

‘Eric Cartier Millon: remarkable for his technical competence, his interpersonal skills, in particular the ability to find “win-win” solutions in the event of a blockage, his humility and availability.’

‘Nathalie Benoit: Very good technical skills, pleasant and always available.’

‘A real pleasure to work with this team!’

‘Ability to cover a relatively wide range of legal and tax issues; easy and direct contact with the other partners of the firm in order to provide the right solutions; ability to listen and understand customer issues; search for innovative solutions; very good availability and accessibility.’

Key clients

Banque Europeenne du Credit Mutuel

BNP Paribas

Bpifrance

Credit Agricole Corporate and Investment Bank

La Banque Postale

Natixis

Société Générale

HSBC Continental Europe

Ardian

Charterhouse

Veolia Environnement

Paris Inn Group

Eurazeo

McArthurGlen

Eiffage

Icawood

LBPAM

BPCE Group

Work highlights

  • Advised the European Investment Bank in connection with the financing and implementation of an investment programme by Menta SAS.
  • Represented a consortium of banks including BNPP, Natixis, Goldman Sachs, JP Morgan, CACIB and Bank of America in a cross-border refinancing transaction through bonds issues for telecommunications company Iliad.
  • Assisted a consortium of banks including BNPP, Natixis, CACIB and SG with the cross-border financing of a special purpose acquisition company (SPAC) deal for Financière LOV.

Herbert Smith Freehills LLP

Harnessing the bench strength of offices across the Americas, the Asia Pacific and EMEA regions, the banking and finance group at the Paris office of Herbert Smith Freehills LLP remains a leader in the market, advising major domestic and multinational financial institutions and corporates across such sectors as cosmetics, telecoms, retail, construction, aerospace and food, on a wide range of high-value, multi-jurisdictional transactions. Headed by Louis De Longeaux, who has over 25 years in the practice area, the group assists with matters ranging from acquisition finance, project finance, refinancing and debt restructuring to leveraged and asset finance. Régis Oréal, who handles complex regulatory issues and was appointed managing partner in Paris in July 2022, is another key name. Eric Fiszelson and Rachel Campbell left the firm in 2022.

Practice head(s):

Louis de Longeaux

Other key lawyers:

Régis Oréal

Testimonials

‘Team very pleasant, pragmatic and respectful of deadlines.’

‘Louis de Longeaux is distinguished by his professionalism and his ability to listen, which greatly facilitates exchanges. Very pleasant to work with him.’

‘A team that knows how to make itself available and has a good view of market practices.’

Key clients

BPCE – Natixis group

BNP Paribas

Société Générale

Crédit Agricole

Airbus

Vinci

Bpifrance

Agence Française de Développement (AFD)

African Import-Export Bank (Afrexim Bank)

Proparco

European Investment Bank

International Finance Corporation

EssilorLuxottica

Bureau Veritas

Compagnie des Alpes

Danone

Arkema

Air Liquide

Australia New Zealand Bank

Orange

Citibank Europe Plc

Schneider Electric

Safran

JC Decaux

Worldline

Auchan

Scor

SEB

Bank of America Merrill Lynch

JPMorgan

Samsic

Work highlights

  • Advising L’Oréal, in relation to the financing of the acquisition of the 4% of its own shares held by Nestlé.
  • Advising a banking pool composed of Crédit Agricole CIB, BNP Paribas, HSBC Continental Europe, Natixis, Société Générale Crédit Industriel et Commercial on the negotiation of a EUR 142.5m revolving credit facility granted to GreenYellow.
  • Advised Airbus on the negotiation of a new EUR 8bn sustainability-linked revolving credit facilities agreement.

Latham & Watkins

Latham & Watkins' team has established trusted relationships with some of the largest domestic and international financial institutions, private equity sponsors and corporates active in sectors including pharmaceuticals, media, medical diagnostics and education. Headed by debt restructuring expert Carla-Sophie Imperadeiro, who was promoted to partner in March 2022, the group assists with structured financing, LBO financings, bonds and high-value cross-border acquisitions. Other key figures include Michel Houdayer (who brings expertise to private equity), acquisition authority Xavier Farde and Lionel Dechmann, who is a specialist in individual finance.

Practice head(s):

Carla-Sophie Imperadeiro

Other key lawyers:

Michel Houdayer; Xavier Farde; Lionel Dechnmann

Key clients

Ardian

BNP Paribas

Bridgepoint SAS

Société Générale

Crédit Agricole Corporate and Investment Bank

DORC

ICG

J.P. Morgan

Marathon

Natixis

SK Capital

TA Associates

Anchorage

Astorg

Sagard

Mediawan

Vivalto Santé

Inovie

Biofutur Group

Linklaters

Backed by 30 offices worldwide, the banking and finance team at the Paris office of Linklaters marshals combined bench strength to assist major domestic and international financial institutions, insurers and multinational corporates in sectors including real estate, energy, telecoms, automobiles, tourism, tech and logistics with a diverse range of high-value, multi-jurisdictional transactions. Bertrand Andriani heads the team; he has experience of asset financing, project financings, securitisation and corporate restructurings. Cyril Abtan has expertise in secured and unsecured syndicated loans. Kathryn Merryfield specialises in leveraged and investment grade acquisition finance. Counsel Rhéa Christophilopoulos manages LBOs and real estate financings.

Practice head(s):

Bertrand Andriani

Other key lawyers:

Cyril Abtan; Kathryn Merryfield; Rhéa Christophilopoulos

Key clients

Credit Agricole Corporate and Investment Bank

CGG

HSBC

Société Générale

Natwest

Incus

Mizuho Bank Ltd.

CA Indosuez Wealth (Europe)

Nuveen Real Estate

Deutsche Bank

Work highlights

  • Assisted clients (both financial institutions and corporates) on their LIBOR transition projects).
  • Advised Crédit Agricole Corporate and Investment Bank and CA Indosuez Wealth (Europe) on a secured English law facility agreement to finance the acquisition of shares in Photo-Me International PLC.
  • Advised on several sustainability-linked loan transactions.

White & Case LLP

The Paris banking and finance group at global firm White & Case LLP harnesses the bench strength of its experienced team to advise major domestic and multinational financial institutions, insurers, private equity funds, debts funds and corporates on a diverse range of high-value, multi-jurisdictional transactions. Headed by practice area authority Raphaël Richard, the group assists with leveraged acquisitions, real estate finance, structured and corporate finance and syndicated lending. Denise Diallo, who is a New York and Paris-qualified lawyer, specialises in unitranche financings and revolving facility agreements. Neeloferr Roy joined from Linklaters in March 2022.

Practice head(s):

Raphaël Richard

Other key lawyers:

Denise Diallo; Neeloferr Roy

Testimonials

‘Raphael Richard: efficiency, knowledge of the market.’

Key clients

BNP Paribas

Crédit Agricole

Société Générale

Natixis

HSBC France

Morgan Stanley

Deutsche Bank

JP Morgan

Goldman Sachs

Bank of Ireland

Keolis

Aéma Group

Orpéa

Alstom

Tereos

LVMH

SPIE

Engie

Suez

Michelin

Coface

Eurazeo

BlackRock

Work highlights

  • Advised Keolis Group, a global shared mobility market company, on a EUR 600m term loan to refinance certain of its existing indebtedness.
  • Advised a banking syndicate led by Deutsche Bank AG, J.P. Morgan AG, Royal Bank of Canada and Société Générale, acting as mandated lead arrangers and bookrunners, on the EUR 830m debt financing for the acquisition by SK Capital of a majority shareholding in Seqens.
  • Advised a banking syndicate in connection with the refinancing of OVHcloud, a provider of cloud computing services, concomitant with its initial public offering.

Ashurst LLP

Bolstered by the January 2022 arrival of Agathe Motte and her team from Linklaters and the addition of Eric Fiszelson from Herbert Smith Freehills LLP in September of the same year, the banking and finance team at Ashurst LLP continues to grow, advising domestic and multinational financial institutions, asset managers and corporates across the packaging, renewables, automotive and pharmaceutical sectors, involved in high-value, cross-border transactions. The group assists with project finance, acquisition finance, leveraged buy-outs, real estate finance and restructurings. Key figures include leveraged finance expert Pierre Roux, securities specialist Hubert Blanc-Jouvan and Mark Barges and Tom Longmuir, who head up the project and infrastructure practice.

Practice head(s):

Pierre Roux; Agathe Motte; Hubert Blanc-Jouvan; Mark Barges; Tom Longmuir; Eric Fiszelson

Other key lawyers:

Kevin Boyero

Testimonials

‘Responsive, technical, professional and friendly team.’

‘Pierre Roux and Kevin Boyero are very good and friendly. Moreover, they are business-oriented and will provide pragmatic solutions to our problems.’

Key clients

Permira

Caravelle

Klee Group

Arcmont Asset Management

Schelcher Prince Gestion

Crédit Suisse

CVC Credit

European Investment Bank

EQT / Exeter

LGT Private Debt

Société Générale

La Française

BNP Paribas

Work highlights

  • Advised LGT Private Debt on the EUR 122.2m refinancing of EA Pharma Group owned by Motion Equity Partners.
  • Advised the mezzanine bondholders on a EUR 163m senior mezzanine financing for the acquisition of Atlas For Men by Motion Equity Partners.
  • Advised Caravelle on a EUR 120m financing from Barings to refinance its existing debt and finance the acquisition of Pressco Technology.

Bredin Prat

The banking and finance team at Bredin Prat leverages the experience of its practitioners to advise on high-value transactions involving multinational investment managers and corporates active in a range of sectors. Headed by practice area expert Raphaële Courtier, the group assists with LBO financings, acquisition finance and debt restructuring. The team is supported by counsel Mathieu Arnault, a specialist in debt capital markets and Alice Latour, who was promoted to counsel in January 2023.

Practice head(s):

Raphaële Courtier

Other key lawyers:

Mathieu Arnault; Alice Latour

Testimonials

‘Knowledge of the market, pragmatic approach to subjects.’

‘The strength of the team is the level of expertise in market practices and market conditions.’

‘For several years, I have worked exclusively with Raphaële Courtier. I very much appreciate the quality of her work in seeking simplification and clarity in the clauses and construction of contracts.’

Key clients

Apollo Global Management

Areva

Dbay Advisors

Casino

D’Ieteren

DMC

Groupe Accueil

Klépierre

KKR

Maisons du Monde

SAF / Oaktree

Stellantis

Tarkett

Work highlights

  • Assisted Areva SA in connection with the terms of the financial repayment and banking facilities in conjunction with entering into a new global settlement agreement with its Finnish client TVO and a sale of Orano shares to the French State.
  • Advised Jaccar in the negotiation and implementation of its safeguard plan for EUR 1bn.
  • Assisted Casino Group with several strategic operations, notably the setup of an incremental facility to the “Term Loan B” for an additional amount of EU 425m.

Cleary Gottlieb Steen & Hamilton

The team at Cleary Gottlieb Steen & Hamilton, which is able to draw on the expertise of individuals in its global offices, advises major domestic and multinational financial institutions, sovereigns and corporates across such sectors as tech, consumer products, healthcare, infrastructure, media, automobiles and entertainment involved in high-value, complex, cross-border transactions. The team is headed by Valérie Lemaitre, who has expertise assisting clients with acquisition finance, cross-over finance, LBO financings and investment grade finance, and Barthélemy Faye, who specialises in energy and natural resources projects and sovereign debt.

Practice head(s):

Valérie Lemaitre; Barthélemy Faye

Testimonials

‘Unique practice due to the quality of the partners’ profiles and their expertise in all areas, from corporate to financing, antitrust, etc.’

‘Valérie Lemaitre: excellent technician, very good advice, great human qualities.’

‘Responsiveness, professionalism, knowledge of the files and of our company.’

Key clients

OVHcloud

Société Africaine de Raffinage

Universal Music Group

Amundi

Worldline

Capgemini

Latour Capital

Vivendi

Axéréal

The Republic of Côte d’Ivoire

The Republic of Benin

The Republic of Senegal

Envol Immobilier

Work highlights

  • Advised OVHcloud in connection with a new EUR 920m financing raised in the context of its initial public offering.
  • Advised a French tech company on its debt financing.
  • Representing the Institut Pasteur de Dakar in the development and financing of a large-scale manufacturing facility for the production of vaccines against COVID-19 and other endemic diseases.

Dentons

Backed by the full bench strength of a global network with more than 200 locations and offices in over 80 countries, the Paris team at Dentons is a popular choice for major financial institutions and investment funds, as well as corporates in a range of sectors. Led by project finance expert Jean-Marc Allix and Philippe Max, who is a structured finance specialist with over 30 years in the practice space, the group assists with acquisition finance, renewable energy finance, real estate finance and debt restructuring.

Practice head(s):

Jean-Marc Allix; Philippe Max

Testimonials

‘Professional, rigorous, available, committed. An excellent respect of the deadlines, as well as its ability to listen, which leads it to propose innovative solutions.’

‘Availability, experience and ability to deliver.’

‘Jean Marc Allix is an available and remarkable partner in the accuracy of his analyses. He is very business-like and understands the issues behind the letter of the contract, which allows him to focus on negotiating the real issues.’

Key clients

Agence Française de Développement (AFD)

Banco Santander

BNP Paribas

CACEIS Bank

Caisse des Dépôts et Consignation (CDC)

Caisse d’Épargne et de Prévoyance Normandie

Caisse Régionale de Crédit Agricole Mutuel de Normandie-Seine

Compagnie des Alpes

Consortium Meridiam Sas and Immobilière 3F

Crédit Agricole Corporate and Investment Bank (CACIB)

EGIS

Faurecia

Essling Capital

Groupe Rocher

ING Bank (France)

Kasada Capital Management

La Banque Postale

Lighthouse Capital Properties Plc

Natixis

Prudentia Capital

Société Générale

Work highlights

  • Advised the lenders of the Chamber of Commerce and Industry Seine Estuaire (‘CCI STE’) on the successful refinancing of two bridge concessions in Normandy between the French State and the CCI STE.
  • Advised Faurecia on a EUR 5.5bn bridge facility in relation to the tender cash offer for HELLA and the acquisition from the family pool of its 60% stake in HELLA.

Freshfields Bruckhaus Deringer LLP

The team at Freshfields Bruckhaus Deringer LLP is a strong choice for high-profile domestic and cross-border financings and is regularly involved in major acquisition financing transactions. The group is led by infrastructure and real estate expert Fabrice Grillo and also includes Stéphanie Corbière, who is a specialist in leveraged and acquisition finance and debt restructurings.

Practice head(s):

Fabrice Grillo

Other key lawyers:

Stéphanie Corbière

Testimonials

‘Very pragmatic and deal makers.’

‘Stéphanie Corbière: financing partner: very technically competent, very direct and efficient, advises her client well to focus on the essentials.’

‘Highly-motivated team – strong cross-border experience – autonomy in negotiations and ability to anticipate the main sticking points in discussions.’

Key clients

Alvest SAS

Antin Infrastructure Partners

Astorg

BNP Paribas

Charterhouse Capital Partners

CMA CGM

Cobepa

Crédit Agricole Corporate and Investment Bank

DIF Capital Partners

ENGIE

IQEQ

IDEX

HSBC Continental Europe

BPCE – Natixis

Phoenix Tower International (Blackstone)

Siaci Saint Honoré

Scalian Group

Sitel Group

The Carlyle Group

Vermeg Group

Work highlights

  • Advised Sitel Group, a provider of customer experience (CX) products and solutions, on the financing of the P2P of SYKES and the refinancing of its leveraged debt of EUR 2.5bn.
  • Advised Charterhouse on the financing of the acquisition of a majority stake, alongside the management, in Labelium, a B2B digital marketing performance consulting agency.
  • Advised HSBC Continental Europe (HBCE) on the disposal of its French retail banking business to My Money Group, a Cerberus portfolio company.

Goodwin

The Paris office of Goodwin leverages the experience of its team and the bench strength of its global network to assist major domestic and multinational financial institutions and insurance and finance companies and corporates. Headed by Arnaud Fromion, who is an authority in the transactional banking space, and supported by Frédéric Guilloux and Adrien Paturaud, the group brings expertise to leveraged acquisitions and bank and bond financings.

Practice head(s):

Arnaud Fromion

Other key lawyers:

Frédéric Guilloux; Adrien Paturaud

Testimonials

‘Reactive team with an excellent ability to find solutions.’

‘High-quality associates, very pro-business.’

‘Adrien Paturaud is a young partner specialised in fast, rigorous and relevant financing. Arnaud Fromion, an experienced partner, is a very good connoisseur of law and practices.’

‘Very professional team with deep roots in the debt market. Great technicality on certain issues which differentiates them from their colleagues and allows them to be very innovative. Moreover, it is very pleasant to work with this team and to build a very appreciable lasting relationship.’

‘Arnaud Fromion: very technical and experienced in LBO financing.’

‘Frederic Guilloux: extensive knowledge of the spectrum of different financings.’

‘Adrien Paturaud: very experienced in LBO financing.’

Key clients

Access Capital Partners

Alcentra

Arcmont Asset Management

Ares Management

Artemid

Bank of Ireland

Barings

BlackRock

BNP Paribas

Bpifrance

Capza

Cerea Partners

Crédit Industriel et Commercial (CIC)

Crédit Agricole CIB

Equistone

Hayfin Capital Management

Iliad

IK Partners

Norton Rose Fulbright

Norton Rose Fulbright offers considerable expertise across a wide variety of financings and acts for domestic and international banks, export credit agencies, funds and government agencies. The firm has particularly notable experience in energy, shipping and aviation deals where it is a popular choice for corporates. Led by global transport co-head Christine Ezcutari and supported by aviation finance expert George Paterson and structured finance specialist Alexandre Roth, the group's full service extends to acquisition finance, fund financings, syndicated debt financings and tax-based structures.

Practice head(s):

Christine Ezcutari

Other key lawyers:

George Paterson; Alexandre Roth

Testimonials

‘Great team – best for deals relating to aircraft.’

Key clients

BNP Paribas

Bpifrance

CAFFIL

Crédit Agricole

Crédit Industriel et Commercial

Engie

Export Development Canada

F.Scott AG

HSBC

KFW

Moroccan Agency for sustainable energy

Natixis

Royal Bank of Canada

SFIL

Société Générale

Standard Chartered

Totsa

Work highlights

  • Advised Société Générale and MUFG Bank Ltd on a structured green bus financing, worth $140m, for French-based private public transport company Transdev to operate a green bus system in Gothenburg, Sweden.
  • Advising Société Générale on financing for the construction of a cement grinding and packaging plant, and clay calcination facility in Ghana.
  • Advised AMP Capital (AMP) and Caisse de dépôt et placement du Québec (CDPQ) on their financing of up to EUR 775m in secured notes issued by affiliates of Phoenix Tower International.

Paul Hastings LLP

The team at Paul Hastings LLP has experience of assisting major investment banks, asset managers and private equity firms involved in high-value, cross-border matters. Practice area expert Olivier Vermeulen leads the team, which advises on matters ranging from leveraged finance and fund financing to acquisition finance and out-of-court debt restructuring.

Practice head(s):

Olivier Vermeulen

Other key lawyers:

Jemma Lohr McPherson

Key clients

Antin Infrastructure Partners

Arcmont Asset Management

Ardian

Capza

Equistone Partners Europe

Eurazeo

FCDE (Fonds de consolidation et de développement des entreprises)

GLAS

Goldman Sachs

HLD

Infravia Capital Partners

Intermediate Capital Group (ICG)

Keensight Capital

Latour Capital

Meridiam

Naxicap

Oakley Capital

PAI Partners

Tikehau Investment Management

Shearman & Sterling LLP

Bolstered by the arrival of new head Maud Manon and her team (counsel Pierre Tardivo and associate Ioana Séverin) from DLA Piper in January 2022, the Paris banking and finance team at Shearman & Sterling LLP harnesses the bench strength of offices across the Americas, the Asia Pacific and EMEA regions to advise major investment banks, asset managers and private equity firms involved in high-value transactions. The group’s comprehensive service extends to such matters as leverage debt restructuring operations, LBOs and acquisition finance. Pierre-Nicolas Ferrand retired from the firm in July 2022.

Practice head(s):

Maud Manon

Other key lawyers:

Pierre Tardivo; Ioana Séverin

Testimonials

‘Reliability, responsiveness.’

‘Maud Manon: proactive, a good defender of her client’s interests.’

‘Maud Manon and Pierre Tardivo, are 2 very valuable professionals in whom I have complete confidence and who know how to give the best advice.’

Key clients

BlackRock

Barings

BNP Paribas

Bpifrance

Bridgepoint Credit

The Carlyle Group

Eurazeo

Eurazeo Investment Manager

CIC Private Debt

ICG

Montefiore

Tikehau Capital

Pemberton

Artemid

Watson Farley & Williams LLP

The banking and finance group at Watson Farley & Williams LLP is sought out to advise major investment banks, asset managers and private equity firms and corporates, particularly in the energy and transport sectors. Laurence Martinez-Bellet heads the practice, which assists with transactions involving project financing, asset financing, refinancing, real estate finance, acquisition finance and mezzanine debt transactions. The team was bolstered by the September 2022 arrival of Rachel Campbell from Herbert Smith Freehills LLP.

Practice head(s):

Laurence Martinez-Bellet

Other key lawyers:

Rachel Campbell

Testimonials

‘Watson Farley & Williams accompanied us with great efficiency and professionalism on an atypical transaction within tight deadlines. We particularly appreciated their talent for clarifying complex issues, the relevance of their recommendations, and the speed of their execution.’

Key clients

Akuo Energy

Auxifip

Banque Palatine

Bpifrance

Caisse d’Epargne Provence, Alpes, Corse (CEPAC)

Eolmed (whose main shareholders are Qair Marine, TotalEnergies Renewables and BW Ideol)

HSBC Leasing MNG Airlines

La Banque Postale

Les Eoliennes Flottantes du Golfe du Lion (whose main shareholders are Ocean Winds and Banque des Territoires)

LCI

RIVE Private Investment

Total Eren

Turning Rock Partners

Work highlights

  • Advising RIVE Private Investment, LCI and Turning Rock Partners (‘TRP’) on their joint acquisition of a $115m portfolio of 19 helicopters as part of the expansion of their international helicopter leasing platform in Europe and beyond.
  • Advising subsidiaries of HSBC Leasing France on the finance leasing to Turkish airline MNG Airlines (lessee) and cargo conversion of two Airbus A330-300 aircraft with MSN 879 and 889 and the transition from LIBOR to SOFR.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP channels the bench strength of locations across three continents to assist asset managers and private equity firms and corporates in the environmental services, pharmaceuticals, healthcare, telecoms and retail sectors with a range of high-value transactions. Led by Olivier Jauffret, who is an expert in acquisition financings and refinancing transactions, and James Clarke, who is a specialist in mid- and large-cap LBO financings, the team also advises on leveraged buyouts, syndicated European term loan B financings, senior club deals, unitranche and senior secured notes issuance.

Practice head(s):

Olivier Jauffret; James Clarke

Key clients

Montagu Private Equity

Hayfin

3i

Paprec

HLDE

Chequers

Ardian

CEVA Santé Animale

Sanofi

Rallye/Casino

Adagia Partners

ATOS

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP's 'business-oriented' team is headed by acquisition leveraged finance expert Paul Lombard and also includes structured finance specialist Thomas Binet. The group is also to draw on practitioners from the firm's global offices to advise on single and multiple lender facilities, syndicated facilities, senior and subordinated debt instruments and PIK financings. Clients include major investment banks, asset managers and private equity firms.

Practice head(s):

Paul Lombard

Other key lawyers:

Thomas Binet

Testimonials

‘Very good synergies between the financing, M&A and due diligence teams. Very good knowledge of market standards and the latest innovations. Excellent reputation. Very good ability to negotiate on behalf of the client. Very high availability and efficiency.’

‘Thomas Binet: very good knowledge of the market and the latest practices.’

‘Outstanding team. Business-oriented, very knowledgeable, very reactive. Absolutely fantastic to work with them.’

‘Paul Lombard is always available, a skilled negotiator and a very nice guy overall.’

‘Thomas Binet is an excellent financing lawyer, always available and able to work very effectively with the various stakeholders in a case in order to always meet deadlines.’

Key clients

PAI Partners

Eurazéo

Ardian

CVC

Astorg

Latour Capital

Barings

HIG

Tikehau

Five Arrows

Motion Equity Partners

GSquare

CACIB

BNP Paribas

InVivo

Montefiore

IK Partners

Work highlights

  • Advised InVivo on the arrangement of syndicated bank loans for a total amount of EUR 1.65bn to finance the acquisition of the Soufflet group, France’s largest grain trader.
  • Advised Labeyrie Fine Foods and its shareholders, including in particular PAI Partners and Lur Berri, in relation to a EUR 520m refinancing.
  • Represented the senior lenders (including Allianz, BNP Paribas, Crédit Agricole, HSBC) in the financing of the acquisition of Sicame by Equistone though a continuation scheme.

Baker McKenzie

The banking and finance group at Baker McKenzie has a good track record for cross-border financings and advises major domestic and multinational financial institutions. Led by project finance expert Michael Foundethakis, the team assists with acquisition finance, syndicated lending and trade and export finance.

Practice head(s):

Michael Foundethakis

Testimonials

‘High-quality English law specialists operating out of Paris so clients requiring English and French law advice are in very good hands.’

‘The team led by Michael Foundethakis is impressive and provided a high quality of service. I valued the responsiveness and efficiency of his team to execute our transaction in a very short period of time.’

Key clients

Crédit Agricole

BNP Paribas

CureVac

Société Générale

Ardian (formerly AXA Private Equity)

African Export-Import Bank

PROPARCO

Bank of America Merrill Lynch

MUFG Bank

Commerzbank

SMBC

Work highlights

  • Acting for the lenders led by SMBC Bank International plc, with MUFG Bank, Ltd. as agent, on a $400m Japan International Cooperation Agency (‘JICA’)-supported covered facilities agreement to African Export-Import Bank.
  • Acting for a syndicate of 24 banks led by Standard Chartered Bank in relation to a dual-currency, dual-tranche up to EUR 1.2bn term loan facility agreement to African Export-Import Bank.
  • Acting for a syndicate of 23 banks led by Bank of America Europe DAC and Standard Chartered Bank as sustainability coordinators and Commerzbank as facility agent in relation to a $600m sustainability-linked term loan facility agreement for Investec Bank Limited of South Africa.

DLA Piper

DLA Piper remains a key destination for borrowers and lenders for real estate finance transactions but also handles acquisition finance, project finance, structured finance and debt restructuring. Real estate transactional specialist Erwan Lacheteau heads the team.

Practice head(s):

Erwan Lacheteau

Key clients

The Carlyle Group

Blackstone Group International Partners LLP

BNP Paribas

Northwood Investors International/Vitura

Brookfield/Edyn

Oxford Properties Group

Société Générale

FMO

Caisse des Dépôts

Invesco

ING Bank N.V., French branch

Work highlights

  • Advised Fortress, an American investment management firm, on the French financing aspects of the acquisition from Colony of certain real estate funds, co-investment vehicles and other real estate positions representing approx. $2.7bn in combined assets.
  • Advised Blackstone in relation to a EUR 612m senior and mezzanine mortgage financing granted by Goldman Sachs Bank Europe SE, GS EMI Ireland Designated Activity Company and Barclays Bank Ireland plc (senior lenders) and Eagle Holdco and Coscile Investment (mezzanine lenders), for the refinancing of the equity-financed acquisition of a pan-European portfolio.
  • Advised Caisse des dépôts et consignations as co-sponsor with RATP Connect for financing of the deployment of the very high speed broadband network of the Grand Paris.

Hogan Lovells (Paris) LLP

The team at Hogan Lovells (Paris) LLP has expertise in high-value, multi-jurisdictional transactions, advising major banking and financial institutions, in addition to asset and investment managers on a diverse spectrum of matters. Headed by leveraged and acquisition finance experts Sabine Bironneau-Loy and Alexander Premont, the group’s full service covers complex debt restructurings, factoring and project and asset finance. The group was bolstered by the arrival of Cassandre Porgès from Weil, Gotshal & Manges LLP in August 2022 and Maria Klass's promotion to counsel in January 2023.

Practice head(s):

Sabine Bironneau-Loy; Alexander Premont

Other key lawyers:

Cassandre PorgèsMaria Klass; Luc Bontoux

Testimonials

‘Professional team which has a good vision of the market through the many deals it handles.’

‘Excellent team, very professional and with a good atmosphere!’

‘Sabine Bironneau is known for for her responsiveness and her knowledge of the market and the players.’

‘Alexander Premont: Excellent knowledge of the trade and an exceptional ability to defend the interests of his clients. His tenacity and his mastery of cases enabled us to win our cases on all the hard points of our negotiations.’

‘Availability, professionalism.’

Hogan Lovells has an extensive practice in acquisition finance. We have been using their services for several years. Our teams appreciate their involvement, their availability and their ability to coordinate complex files within tight deadlines.’

Key clients

AccorInvest

Société Générale et CIC

TowerBrook Capital Partners

Tikehau Investment Management

Vale New Caledonia (now Prony Resources New Caledonia)

Banco Bilbao Vizcaya Argentaria

Bank of China Ltd.

Banque Internationale à Luxembourg

Crédit Lyonnais

BNP Paribas

Crédit Agricole Corporate and Investment Bank

Agricole Mutuel d’Aquitaine

ICG Real Estate Investments

Work highlights

  • Represented AccorInvest Group and AccorInvest SAS on the restructuring of the financial indebtedness of AccorInvest Group, a capital increase and the raising of new financing, in the form of a state-guaranteed loan (PGE) for AccorInvest SAS.
  • Advised Société Générale and Crédit Industriel et Commercial and a large pool of European and international banks, on the set-up of a $400m revolving credit facility for the benefit of the SITA Group.
  • Advised Tikehau Investment Management on its acquisition of a 40% stake in Egis Group (acquisition from La Caisse des Dépôts et Consignations) and its EUR 150m PIK facility financing granted by Pemberton.

Jones Day

The group at Jones Day is led by corporate finance and debt restructuring experts Frédéric Gros, who also handles matters involving real estate finance and financial litigation, and Diane Sénéchal, who specialises in leveraged and acquisition finance. The team frequently links up with practitioners in its global offices to advise major institutional lenders, private equity firms and asset managers on cross-border transactions.

Practice head(s):

Frederic Gros; Diane Sénéchal

Testimonials

‘Jones Day has a very nice team for financing, very professional, and above all ,providing very clear advice’

‘Diane Senechal: long experience in the financing market, very good visibility.’

‘This firm works on end-to-end projects, particularly in files integrating new technologies.’

Key clients

American Industrial Partners

Blackstone / Blackstone Real Estate Debt Strategies

Candriam

Coöperatieve Rabobank U.A.

Crédit Agricole CIB and Crédit Agricole Nord de France

Goldman Sachs

Macquarie Capital Europe Ltd

Pemberton Capital Advisors

SFIL

Thales

Tikehau Capital/Tikehau Capital Advisors

Tikehau Private Debt

Work highlights

  • Advised the arranger (Tikehau Investment Management) and the lenders (direct lending funds managed or advised by Tikehau Investment Management) on the financing of the acquisition by way of tender offer by Synsion BidCo.
  • Advised Permira Credit Limited and funds advised or managed by Permira Credit Limited, on the unitranche financing granted in the context of the merger of Private Sport Shop and SportPursuit.
  • Advised Armor-IIMAK on the financing of an MBO transaction by way of a term loan B in the context of which the Astorg funds became a minority shareholder of Armor-IImak.

Mayer Brown

Mayer Brown‘s team has a strong track record handling mid-cap transactions for banks, investment funds, debt funds and corporates. The team is led by Patrick Teboul, a specialist in leveraged and distressed debt financing. Other key figures include Maud Bischoff, who is an expert in debt restructuring and real estate finance, and Alban Dorin, who handles international assets and project finance matters. The team was bolstered by the arrival of senior counsel Véronique Collin from Squire Patton Boggs in April 2022 and the promotion of Constance Bouchet to counsel in November 2022. Marion Minard provides additional support.

Practice head(s):

Patrick Teboul

Other key lawyers:

Maud Bischoff; Alban Dorin; Véronique CollinConstance BouchetMarion Minard

Testimonials

‘The team is extremely available, experienced and professional. The service is reliable, thought-out and sustainable. It is one of the very best teams in the financing sector.’

‘Their expertise and good knowledge of debt market practices, banking in particular, make them a decisive support in being able to negotiate the required documentation under good conditions and somewhat rebalance the balance of power.’

‘Maud Bischoff: very competent, pragmatic, proactive, fast and a 360° facilitator.’

Key clients

Abénex Capital

Altares

BlackRock

Bridgepoint Development Capital

Corum Asset Management

Coyote Systems

Cristal Union

EasyVista Holdings

Edmond de Rothschild REIM

Elis SA

Eurazeo Investment Managers

Europa Capital

Hivest Capital Partners

Intermediate Capital Group (ICG)

LBO France

Lone Star Funds

Marlin Equity Partners

Montefiore Investment

Naxicap Partners

Oaktree Capital Management

Pemberton

Primonial

Qualium Investissement

Sagard

Stirling Square Capital Partners

Work highlights

  • Advised Cristal Union on its EUR 1.01bn refinancing agreement.
  • Advised Elis on its first EUR 900m sustainability-linked revolving credit facility.
  • Advised Bridgepoint on the acquisition of a majority stake in CAST and the launch of a mandatory simplified tender offer to acquire the remaining CAST shares.

McDermott Will & Emery AARPI

McDermott Will & Emery AARPI‘s team is ‘active, pragmatic and technically very good‘ and has consolidated its reputation as a key name for equity bridge financing. It is also well regarded for private equity transactions and advises fund clients on acquisitions, dispositions and leveraged recapitalisations, among other matters. Led by structured finance expert Pierre-Arnoux Mayoly, the group assists with LBOs, acquisition finance and debt restructuring.

Practice head(s):

Pierre-Arnoux Mayoly

Other key lawyers:

Aurélien Jugand; Shirin Deyhi

Testimonials

‘Good team with broad market knowledge.’

‘A particularly active, pragmatic and technically very good team. A very easy contact.’

Key clients

Andera Partners

Ardennutris

Ardian

BNP Paribas

BPI

Capza

HLD

HIG

GSO Financement

MBO Partners

Naxicap

Omnes Capital

Raise

Tikehau Capital

TriplePoint

Work highlights

  • Advised Andera Partners, a private equity and sponsor-less transaction firm through its Andera Acto activity, on the reorganisation of Unaferm & Levieux Menuisiers Group’s capital.
  • Represented Naxicap Partners, a private equity firm, on a bond issue of EUR 336m made available to Ovalie Développement and a PIK bond issue of EUR 25m.
  • Represented a private investment house managed, in Europe, America or Asia, in the implementation of an acquisition financing for the partial acquisition of the Groupe RG, a Lyon-based provider of personal protective equipment, with a deal value of EUR 205m.

Simmons & Simmons

The team at Simmons & Simmons frequently operates as a pan-European practice, working with practitioners in other offices to advise on acquisition financing and corporate lending. Headed by Colin Millar and real estate and fund financing specialist Céline Larmet, the group also assists with project finance, acquisition finance and complex debt restructurings.

Practice head(s):

Céline Larmet; Colin Millar

Key clients

BRED Banque Populaire

Caisse d’Epargne des Hauts de France

Valor Real Estate Partners

Dow Chemical

M7

Global Net Lease

Stepling

Savills IM

Goldman Sachs

Deutsche Bank

DRC Capital

JP Morgan

Natixis

Perial

Mirova

Work highlights

  • Advising Union Bancaire Privée in connection with the financing of the acquisition of the HAMØ office complex in Saint-Denis (France) and for the asset management agreement.
  • Advised Valor Real Estate Partners in connection with the financing and the structuring of its acquisition of an industrial land in La Courneuve.

Stephenson Harwood

Stephenson Harwood is routinely sought out for its transport financing expertise and acts for major banks on asset finance transactions. The group is led by Alain Gautron, who brings expertise to tax-driven leasings and financings, with a focus on shipping assets; Yann Beckers, who has experience of real estate and acquisition finance; cross-border and emerging markets finance advisor Jeremy Grant and Edward Campbell, who is noted for his work in the aircraft space.

Practice head(s):

Alain Gautron; Yann Beckers; Jeremy Grant; Edward Campbell

Testimonials

‘Open for communication and provides high quality service in the set deadlines. Adaptive team of professionals who know their job well.’

‘Yann Beckers is a fine negotiator’

‘Alain Gautron brings his unique experience to facilitate the most delicate subjects.’

‘Jeremy Grant is always very available and attentive to our problems.’

‘Jeremy Grant – a bold personality with a bundle of exceptional qualities: professional, great communicator, charisma and trustworthiness.’

Key clients

Credit Industriel et Commercial (CIC)

Compagnie du Ponant

BNPP

Air France

Halyk Bank

Andera Partners

Societe du Grand Paris

Ritz Carlton Yacht Collection

Archers A.A.R.P.I.

Practice head(s):

Jean-Maurice Gaillard; Paul-Henri de Cabissole; Raphaële Cremona

Key clients

Aareal Bank

Banque Européenne du Crédit Mutuel

Cheyne Capital

Colony Capital

Credit Agricole Corporate & Investment Bank

PBB

La Française REM

Helaba

Natixis

Aareal Bank

BC Partners

BNP Paribas

Société Générale

August Debouzy

Practice head(s):

Laure Bonin

Testimonials

‘Reactive team during the solicitations, and constructive in the negotiation. Strong ability to meet deadlines.’

Key clients

Crédit Lyonnais

Banque CIC Est

Caisse Régionale de Crédit Agricole Mutuel de Lorraine (Crédit Agricole Group)

Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine (Crédit Agricole Group)

Caisse Régionale de Crédit Agricole Mutuel Pyrénées Gascogne (Crédit Agricole Group)

Caisse Régionale de Crédit Agricole Mutuel Charente Périgord (Crédit Agricole Group)

Banque Populaire Rives de Paris

Société Générale

M&G Real Estate

HSBC Continental Europe

Muzinich

Caisse d’Epargne Hauts de France

Crédit Agricole Corporate & Investment Bank

BNP Paribas

Natixis

Castellet Hospitality

Work highlights

  • Advising the lenders (Société Générale and others) in connection with the EUR 139m refinancing of the existing sponsor-less debt of Scaff’Holding and the financing of the acquisition of Sogestis.
  • Advising BNP Paribas and Crédit Agricole Corporate and Investment Bank in connection with the EUR 184m financing of the takeover followed by a squeeze-out procedure on Bel initiated by Unibel.
  • Advising the lenders (Crédit Lyonnais and others) in connection with the EUR 75m financing of the LBO of Hivest Capital on Agora Technologies SA.

AYACHE

AYACHE

Practice head(s):

Alain Levy

Testimonials

‘Very strong finance & private credit capabilities.’

‘Alain Levy is an exceptional partner. We really appreciate his responsiveness, calmness and effective advice.’

‘Responsive, team of experts, exceptional quality, tailor-made support.’

Key clients

Intermediate Capital Group (ICG)

Towerbrook

Consolis

UGC

B&Capital

Eduservices

Septodont

Caisse Régionale de Crédit Agricole Mutuel Nord de France

Capza

Waterland Private Equity

Groupe Open

JJA

Proskauer

Scaff

Bird & Bird

Practice head(s):

Boris Martor

Key clients

ArchiMed

Capital Croissance

Atlante Gestion

Covage

Barclays

Société Générale

Arkéa Banques & Entreprises

Metabolic Explorer

Crédit Lyonnais

CIC Sud-Ouest

Goldman Sachs

Ecobank Niger

Leonidas Associates V GmbH & Co KG

Norddeutsche Landesbank

Oragroup

Agence Française de Développement (AFD)

African Development Bank ( ADB)

Work highlights

  • Advising Capital Croissance in connection with the financing of the acquisition of a majority stake in Filab, an analytical laboratory specialized in organic and inorganic chemistry.
  • Advising ArchiMed in in connection with the partial refinancing of ImaBiotech financial indebtedness through a loan exclusively underwritten by 3 debt funds managed by Eiffel Investment Group.
  • Advising Goldman Sachs, Crédit Lyonnais, Arkéa Banque Entreprises et Institutionnels, CIC Sud Ouest and Société Générale in connection with Prêts Garantis par l’Etat (senior new money financing, EUR 130m).

Bryan Cave Leighton Paisner LLP

Practice head(s):

David Blondel; Olivier Borenstejn

Testimonials

‘Olivier Borenstejn – available, attentive and adaptable.’

Key clients

Credit Agricole d’Aquitaine

Crédit Agricole du Languedoc

Auxifip

Crédit Agricole du Nord Est

Crédit Agricole Pyrénées Gascogne

Hélia Conseil

Natixis

Caisse d’Epargne Ile-de-France

Caisse d’Epargne Aquitaine Poitou Charentes

Crédit Coopératif

BPCE Energeco

Banque Palatine

Caisse d’Epargne Languedoc-Roussillon

Caisse d’Epargne de Midi-Pyrénées

Caisse d’Epargne CEPAC

Bpifrance

BNP Paribas

Arkea

Credit du Nord

La Banque Postale

TotalEnergies

Engie Green France

Landesbank SAAR

MUFG Bank

Orbimed

KEB Hana Bank

BNY Mellon

Work highlights

  • Advised Hélia Conseil and a consortium of banks on the financing of the acquisition and renovation by the Collectif Cosmopolis of a former industrial hall located in ZAC de la Cartoucherie, Toulouse.
  • Advised Natixis on general corporate financing for Axa Logistics fund, the real estate fund managed by AXA; for ENCORE +, the real estate fund managed by Lasalle Investment Managers; and for Warehouses de pauw, the Belgium-based listed company.
  • Advised Helia Conseil and Banque Palatine on the financing of the acquisition by a joint venture of Caisse des depôts & Consignations and Bouygues, of the Ginko shopping centre located in Bordeaux.

CMS Francis Lefebvre

Practice head(s):

Grégory Benteux; Alexandre Bordenave; Geoffrey Levesque

Testimonials

‘Alexandre Bordenave – high-level, competent and customer-oriented lawyer.’

‘Good know-how. Able to adapt to smaller customers. Good coordination within the firm between the loan and bond teams (including private placement).’

‘Great expertise and reputation on the French market.’

Key clients

Société Générale

Crédit Agricole Corporate and Investment Bank

Natixis

LCL Le Crédit Lyonnais

CIC (including Crédit Industriel et Commercial, Banque CIC Est, Banque CIC Ouest and CIC Lyonnaise de Banque)

Arkéa Banque Entreprises et Institutionnels

NGE

Warburg Pincus / Groupe Polyplus Transfection

Crédit Suisse Asset Management

Work highlights

  • Advised Natixis and the pool of lenders in relation to the setting up of an additional CSR backed EUR 150m to Immobilière de Santé (the main holding company for the Ramsay Santé group’s long-term investments in securities and/or real-estate assets).
  • Advised NGE on the financing aspects reorganisation of its capital with a new EUR 350m facility and EUR 100m Euro PP bond financing, including RSE covenants.

Cornet Vincent Ségurel

Practice head(s):

Bertrand Coste; Matthieu Guignard; André Watbot

Testimonials

‘Firm with great responsiveness, availability and professionalism.’

Key clients

Arkea Banque Entreprises et Institutionnels

Group CIC

Group Banque Populaire

Group Crédit Agricole

Group Caisse d’Epargne

Crédit Lyonnais

Unexo Financement (Private Debt Fund)

De Gaulle Fleurance & Associés

Other key lawyers:

May Jarjour; Sylvie Perrin; Cyril Tour

Testimonials

‘Team with multiple complementary abilities. Great capacity for innovation.’

‘Sylvie Perrin: Perfect knowledge of the industry. Great ability to listen and negotiate, strength of proposal.’

Key clients

Midas Wealth management

Acofi

Aqua Asset management

Ardian

Arkéa Banque Entreprises et Institutionnels

Auchan Holding

Banque Hapoalim

Banque Internationale à Luxembourg

Banque Palatine

Banques Populaires

BayWa r.e.

Belfius Bank

BNP Paribas

Bowe Systec

BPI France

Caisse des Dépôts et Consignations

Caisses d’Epargne

Cap Vert Energie

Carnegy

CDP Caisse des Dépôts italienne

Ceetrus

Covéa

Credit Agricole Corporate and Investment Bank

Crédit Agricole d’Ile de France

Crédit Agricole Immobilier

Crédit Coopératif

Crédit du Nord

Crédit Mutuel Capital privé

Crédit Mutuel CIC

CSI Leasing

Demeter Partners

Deutsche Pfandbriefbank

Engie Green

Evergaz

Fonds Européen d’Investissement

French Ministry of Défense

French Ministry of Justice

Générale du Solaire

HSBC

Icade Promotion

IDCM Partners

IdInvest

Infracapital

Islamic Corporation for the Development of the Private Sector (ICD)

J. Stern & Co

John Laing

KFW Epex

La Banque Postale

LCM Partners

Mitsubishi

Natixis / Natixis Energeco / Natixis Lease

Neuflize OBC

Philips

Photosol

Préjeance

Proparco AFD

Prosolia

Quaero

République du Cameroun

RES Sas

Santander

SMBC

Société Générale

Société Générale Equipment France

Total SA

Touax

Transdev

Triodos

Unifergie

Urbasolar

Windvision

Wiseed

Yenigün

Work highlights

  • Assisted with the structuring of the regulatory, finance-related, and transactional aspects of the investments of  two Santander Asset Management’s incorporated funds, as well as a Spanish-based fund managed by Atalaya Fund in industrial assets in France.
  • Assisted BNP Paribas acting as loan arranger in the implementation of a third tranche of EUR 160m in May 2022 for co-financing costs associated to IRUS made available by a network operator, and acting as arranger in the implementation of a first refinancing tranche of EUR 415m in April 2022.
  • Assisting EDFI, Gaia Impact Fund and Hivos Triodos Fonds on the financing of MyJouleBox SAS.

Eversheds Sutherland (France) LLP

Practice head(s):

Sindhura Swaminathan

Key clients

Air Austral

HSBC

Citibank

Crédit Agricole

African Development Bank

BTMU

Proparco

Agence Francaise de Developpement

Sonnedix

Société Générale

Aether Financial Services

Guarantco

Altrad

Barclays

The Ritz Hotel

Fieldfisher

Practice head(s):

Hélène Lefebvre

Other key lawyers:

Adrien Dubois

Testimonials

‘Hélène Lefebvre is a very attentive partner with a keen sense of supporting her clients.’

‘Adrien Dubois is a high-quality collaborator –  efficient, competent, attentive.’

Key clients

Luxempart

Carbios

Berkem Développement

Dhamma Energy

Enviris

Work highlights

  • Advised the issuer (controlled by Luxempart) on a complex EUR 125m unitranche transaction for the acquisition of Evariste, a group specialised in services to local authorities.
  • Advised Carbios, a company listed on Euronext Growth Paris, on a EUR 30m financing by the European Investment Bank and related warrant issuance.
  • Advised Berkem Développement, a wholly-owned subsidiary of Groupe Berkem (which operates in the bio-based chemicals market) on a senior financing, as well as the issuance of recovery bonds in France.

Franklin

Practice head(s):

Stéphan Alamowitch

Testimonials

‘Highly proactive team in the bank and finance space. Excellent technical skills, as well as innovative thinking. Team is always available.’

‘Stephan Alamowitch, head of the bank and finance practice, is a creative thinker, especially in the sovereign debt field.’

‘Very great professional, lofty view, excellent knowledge of the telecommunications sector, answers adapted to the technical problems encountered, with relevance and without embellishment.’

Key clients

African Guarantee Fund

Albea

Altice

Caisse des Dépôts et Consignations

CRRH-UEMOA

Diot Financement

Groupama

GTI Asset Management

Orange

Scalapay

SiS

State of Mauritania

Swiss Life Banque Privée

Work highlights

  • Advised Orange (telecom operator) on the structured finance transaction of major IT and telecoms equipment, to be financed by a bank syndicate led by BNP PARIVAS (for over EUR 2bn).
  • Advised State of Mauritania on EUR 5bn debt restructuring.
  • Advising Keyrus, a French software company on cross-border factoring agreements put in place by CIC, for European, US and Canadian subsidiaries, with non-recourse clause and off-balance sheet treatment.

Gowling WLG

Practice head(s):

Antoine Pampouille; Danhoé Reddy-Girard

Testimonials

‘Team with strong sectoral expertise in energy and real estate, a lot of flexibility and adaptability.’

‘Antoine Pampouille knows the energy sector perfectly.’

‘Available and responsive.’

Key clients

Caisse d’Epargne Ile de France

Caisse d’Epargne et de Prévoyance Grand Est Europe

Banque Populaire Alsace Lorraine Champagne

Caisse d’Epargne et de Prévoyance Loire-Centre

Caisse d’Epargne et de Prévoyance Aquitaine Poitou-Charentes

Caisse d’Epargne et de Prévoyance Midi Pyrénées

Crédit du Nord

Banque Palatine

R-Green

Mirova

BPCE Energeco

Boulanger

Belenergia

Kyotherm

Clarion Partners Europe

AG Insurance

Clarion Partners Europe

Tristan Capital Partners

Harbert Management Corporation

Dream Industrial REIT

Caisse régionale de crédit agricole mutuel de la Touraine et du Poitou

Work highlights

  • Advised RGreen Invest in relation to a share purchase agreement and shareholder loan agreement relating to the sale and purchase of 49% of the share capital of Akuo Bulgaria Svoghe Eood.
  • Assisted the Caisse d’Epargne et de Prévoyance Grand Est Europe and the Banque Populaire Alsace Lorraine Champagne as arrangers and lenders, as well as Natixis as hedging bank, on the financing of the concession of the Ports du Sud Alsace.
  • Advised BPCE Energeco as mandated lead arranger, agent, intercreditor and security agent and original lender, in relation to the financing of a solar farm under construction, located in Pézènes-les-Mines (Hérault, France).

HFW

Practice head(s):

Jean-Marc Zampa: Diane de Moüy

Testimonials

‘We have worked with HFW in the area of  “shipping finance”. HFW’s know-how in this field is exceptional in the French market.’

‘Jean-Marc Zampa and his team have an excellent understanding of business issues and dynamics, in addition to the legal aspects, greatly facilitating the execution of complex and multi-jurisdictional transactions.’

Key clients

Airbus Bank

APAX Partners

BRED Banque Populaire

BNP Paribas

Bank of Tokyo Mitsubishi France

Bpifrance Financement

Caisse d’Epargne

Crystal Group

Destiny

Graitec

InfoVista

The Independents

Jeantet

Jeantet

Practice head(s):

Jean-François Adelle; Christophe Jacomin

Other key lawyers:

Alexae Fournier-de-Faÿ

Testimonials

‘Excellent relationship between fairly competitive fees and the quality of the work provided; partners available and competent.’

‘Christophe Jacomin, recognized professional and very available.’

‘Jeantet has always been very responsive and professional in addressing legal issues of a varied nature. Jeantet makes clients feel they are in a safe pair of hands.’

‘We cooperate with Jeantet for many years now and this is a very reliable team of highly experienced professionals.’

‘Jean-Francois Adelle is an outstanding counsel with many years of experience in diversified areas within banking and finance.’

‘The work was well distributed amongst the members of the team considering the level of experience. Without even asking for it, the practice provided us with up-to-date public information with respect to the case at hand. This was convenient and important for the case and helped us to position ourselves.’

‘Jean-Francois Adelle provides high quality advice and is dedicated to his profession and to the client.’

Key clients

Coface Finanz

Bpifrance

Croda International PLC, CRODA, Inc. and Sederma SAS

China Construction Bank

Raiffeisenbank a.s.

Swedbank

Enbridge

BGFI Bank

Nhood

Barings

FGI Worldwide LLC

Work highlights

  • Advised US investment fund Thoma Bravo in its financing of the acquisition of the Talend group.
  • Advised Enbridge Inc. in connection with financing of a 25 MW floating offshore wind farm in Mediterranean Sea.
  • Advised Nhood (part of the Auchan goup) in connection with a facility agreement between its Italian subsidiary Cinisello Srl Gallery and Natixis Branch of Milan for the development of a commercial mall in Milan.

Kirkland & Ellis LLP

Kirkland & Ellis LLP

Practice head(s):

Kalish Mullen

Testimonials

‘Kalish Mullen was outstanding, especially during the key moments. Closing was a very difficult process and Kalish was able to navigate it splendidly, guiding us along the way and allowing us to understand what implications were or were not at stake.’

‘Very sophisticated and very professional team. We meet them on high-profile operations. Very active in financing transactions also involving bond issues (unitranche/high yield).’

‘Kalish Mullen. Very competent and very available. Very involved in cases.’

‘The team is well organised and comprised of very good lawyers on all fronts (HY bonds and LMA financing). They also understood all key driving elements and were able to think with us and provide value added advice.’

Key clients

Searchlight Capital

Warburg Pincus / Fortius

BC Partners

Main Street Capital

UserZoom / Thoma Bravo

Cinven

Talend

Iliad

Parts Europe

Work highlights

  • Advised BC Partners on the financing of its acquisition of a majority stake in Havea, a healthcare company serving the European market, from 3i Group.
  • Advised Parts Europe S.A.S., on its new EUR 180m super senior revolving credit facility entered in connection with the acquisition of Parts Europe by D’Ieteren.
  • Advising Platinum Equity, a global mergers, acquisitions, and operations company, on entering into exclusive negotiations to acquire Imerys SA’s High Temperature Solutions business (HTS) for EUR 930m.

Kramer Levin Naftalis & Frankel LLP

Practice head(s):

Sophie Perus; Gilles Saint Marc; Hubert de Vauplane

Testimonials

‘The finance team has a good knowledge of customer expectations and a very high level of technical expertise.’

‘Sophie Perus is very close and attentive to her clients. She has extensive experience in all areas of private equity financing. She is effective.’

Key clients

Eurazeo Investment Manager

Zencap Asset Management

Bpifrance Investissement

Pathé

Viseo

Ingepar

Coinstar

Soufflet

Thales

Tikehau

Amundi Asset Management

Agence Française de Développement

BNP Paribas

Crédit Agricole (CACIB)

Perwyn

BNP Paribas

EIFFEL INVESTMENT MANAGEMENT

Holding Le Duff

Midcap partners

ICD

EXIMIUM

Schelscher Prince Gestion

ARTEMID

AUREL BGC

ITM Entreprises (Groupe les Mousquetaires)

La Banque Postale Asset Management

TP ICAP

Work highlights

  • Advising Eurazeo Investment Manager – EIM and Eiffel Investment Group on a bonds issue by Groupe Segula, and the drafting and negotiation of the related finance documentation.
  • Advising Crédit Agricole and Agence Française de Développement in connection with the restructuring of the existing financings of THD Group, and the drafting and negotiation of the related finance documentation.
  • Advising Koalafin, a Belgian fintech recently acquired by a French company in setting up a specialised financing vehicle dedicated to the purchase of French commercial receivables, which will be financed by a Luxembourg repackage securitisation vehicle.

LPA-CGR avocats

Practice head(s):

Xavier Clédat; Thomas Ehrecke; Hassan Javanshir

Other key lawyers:

Pauline Ducousso

Testimonials

‘The whole team is working impressively together and deliver outstanding work; they go the extra mile. Timelines are met without exception, every legal aspect is taken care of. Fee quotes are reasonable and met. LPA is a huge support for the business relationships with our clients.’

‘Hassan Javanshir is an excellent lawyer spotting every potential problem in the transaction for us and bringing it to a satisfying solution. He is strong and very focused on negotiations, protecting our interests. He knows the market and the business and is a great comfort for his clients.’

‘Thomas Ehrecke is in a position to give profound legal advice. He leads negotiations very skilfully and competently and creates a fruitful atmosphere. For years, both lawyers have always been of great help to us.’

‘Pauline Ducousso delivers excellent work.’

Key clients

Amarenco

Artefact

Bank of China

Barings

Berlin Hyp

BNPP

Deutsche Pfandbriefbank AG (PBB)

Hanau Energies

La Banque Postale

Natixis

Société Generale

Swisslife Asset Management

Valorem

Moncey Avocats

Practice head(s):

David Malamed

Other key lawyers:

Jonathan Devillard

Testimonials

‘Great in-house expertise. Complementary team, with a very pleasant collective and present together at the various stages of the transaction.’

‘Excellent technical skills coupled with a very effective approach.’

‘David Malamed and Jonathan Devillard have an excellent knowledge of the sector and the ecosystem (lenders, lawyers, etc.) which allows them to provide high-quality advice based on the expectations of each of the counterparties.’

‘David Malamed is a pragmatic and efficient lawyer.’

Key clients

Capza

Apax Partners

Andera Partners

EMZ Partners

Siparex

Quilvest Capital Partners

Sparring Capital

Trajan Capital

MBO & Co

Raise

21 Invest

Activa Capital

B & Capital

M80 Partners

Trocadero Capital Partners

Negma Group

Novaxia

SantéVet

Groupe SCP

Work highlights

  • Advised Capza in its EUR 100m+ acquisition of Nutravalia, a French laboratory specialising in food supplements and pharmaceuticals.
  • Advised Apax Partners in its EUR 80m + acquisition (LBO) of a majority stake in CEME Group, a national and independent energy player.
  • Advised Andera Partners on its acquisition (LBO) of a stake in Naitways, a French player in IT solutions and infrastructures.

Nabarro Béraud Avocats

Nabarro Béraud Avocats

Practice head(s):

Jonathan Nabarro; Magali Beraud

Testimonials

‘Magali Beraud: she knows how to be commercial and pragmatic during negotiations, which clients particularly appreciate.’

‘Jonathan Nabarro: great experience. Great knowledge of the market and the players (facilitating negotiations).’

‘Undoubtedly the best team in Paris in mid-market financing. Nabarro Beraud offers a perfect balance between quality of legal advice, efficiency, knowledge of the market and competitiveness in terms of fees. The firm is our first-choice counsel and we work with them in complete confidence.’

Key clients

Altice

Ares Management

Arkea Banque Entreprises et Institutionnel

Barings

Capza

Eurazeo

Goldman Sachs

LGT Private Debt

Naxicap

Omnes Capital

Work highlights

  • Advised Eurazeo Investment Manager, on the setting of unitranche facilities for an initial principal amount of EUR 98m for the acquisition of Adista Holding as well as the setting up of an uncommitted line of credit to finance external growth for an amount of EUR 115m.
  • Advised LGT Private Debt and Capza (Atalante), on the setting of unitranche facilities for an initial principal amount of EUR 83m for the acquisition of Financière SBL, SBL Management and BtoC Management and an uncommitted capex line for an amount of EUR 20m.
  • Advised Barings, on the setting of unitranche facilities for an initial principal amount of EUR 273m and an uncommitted capex line for an amount of EUR 100m and Eurazeo Investment Manager on the setting of a PIK financing an initial principal amount of  EUR 64m and uncommitted capex line for an amount of EUR 16m to refinance the group Acolad, finance the acquisition of Ubiqus Labs and finance external growth.

NH Law

Practice head(s):

Jennifer Hinge; David Lussigny

Key clients

Bpifrance Investissement

Cerea Partners

Fareva

Manitou Group

New Alpha

Bank of Ireland

Alcentra

Work highlights

  • Assisting Manitou Group with the signing of a new credit agreement for an amount of EUR375m.
  • Advising Cerea Partners on the unitranche financing of the acquisition of TVH Consulting by 21 Invest, through an LBO.
  • Advising Bpifrance Investissement for a mezzanine financing involving Filab, an independent laboratory providing analysis and applied research services.

VOLT Associés

Practice head(s):

Alexandre Tron

Testimonials

‘Knowledge and proximity to the customer, professionalism, availability, flexible pricing.’

Key clients

BNP Paribas

Crédit Lyonnais

Bred Banque Populaire

Banque CIC Est

CIC Private Debt

Banque Palatine

Crédit Agricole Corporate & Investment Banking

Crédit Industriel et Commercial

Caisse d’Epargne et de Prévoyance Ile de France

Crédit du Nord

Société Générale

Banque Populaire Grand Ouest

Caisse Régionale de Crédit Agricole Alpes Provence

Eurazeo Investment Manager

Andera Partners

IK Investment Partners

Vespa Capital

HR Path

Work highlights

  • Advised the senior lenders (Crédit Lyonnais, Caisse Régionale de Crédit Agricole Mutuel de Centre France, CACIB, CIC Private Debt, Banque CIC Sud Ouest, BNP Paribas and Arkéa Banque Entreprises et Institutionnels) on the financing of the acquisition by funds managed by Tikehau Ace of LMB Group.
  • Advised the senior lenders (Caisse Régionale de Crédit Agricole Mutuel d’Aquitaine, Crédit Lyonnais, Caisse d’Epargne et de Prévoyance Aquitaine Poitou-Charentes et Caisse d’Epargne et de Prévoyance de Midi-Pyrénées) on the financing of the acquisition by funds managed by Andera Partners of Telecom Design group.
  • Advised the senior lenders (Banque Européenne du Crédit Mutuel, BNP Paribas, Crédit Lyonnais, La Banque Postale and Caisse Régionale de Crédit Agricole Mutuel de Franche-Comté) on the financing of the acquisition by Chevrillon and other investors of Arcado group.

Winston & Strawn LLP

Practice head(s):

Mounir Letayf; Adeline Roboam

Testimonials

‘Big involvement of the partner and of the whole team who knows perfectly the ins & outs of the case. Understanding of the underlying economic issues.’

‘Mounir Letayf: very sharp technically and perfectly up-to-date on financial rationales. Ultra-responsive.’

Key clients

Ardian

Muzinich & Co.

123 Investment Managers

Andera Partners

H.I.G. Capital

Eurazeo (ex. Idinvest)

Pytheas Capital Advisors

Compagnie de Phalsbourg

Schelcher Prince Gestion

Siparex Ingenierie et Finance

Work highlights

  • Advised Ardian Private Debt in connection with the set-up of a new bond issue programme for Ovalie Développement 3, for a maximum amount in principal of EUR 200m, allowing the Lagarrigue group to finance capital expenditure and permitted acquisitions.
  • Advised H.I.G. Capital and the management of the Quick group in connection with the setting up of a EUR 39m revolving credit facility at the level of Quick Gestion arranged by a pool of banks led by La Banque Postale.
  • Advised Muzinich French Private Debt Fund in connection with the setting up of the unitranche financing of the acquisition of the Len Medical group by Antarès.