Project finance in France

Allen & Overy LLP

Allen & Overy LLP advises on a varied range of greenfield and brownfield infrastructure projects thanks to a civil and common law-proficient team whose expertise encompasses project, M&A, finance and public law aspects. In France, the practice acted on most of the largest greenfield PPP projects, including several major broadband infrastructure projects. The group also advised on several large railway and road refinancing transactions and assisted clients with M&A infrastructure deals. Abroad, the team notably assists major French sponsors, as well as French and international banks and companies with a variety of airport, port, telecoms and energy projects. Globally, the practice is heavily involved in the energy sector where it recently worked on renewables projects in France, Sweden and Africa, as well as on several large-scale hydropower projects in Georgia. Christine Poyer-Rufenacht and Driss Bererhi co-chair the practice, alongside Adrian Mellor who also heads the office's banking and finance practice. Also involved is public law expert Romaric Lazerges. The Paris team also draws from the firm's global capabilities, with particularly close ties to its colleagues in the London office.

Practice head(s):

Christine Poyer-Rufenacht; Driss Bererhi; Adrian Mellor

Other key lawyers:

Romaric Lazerges

Key clients

Caisse des Dépôts et Consignations

BNP Paribas

Korea Water Resources Corporation

Vinci Airport

IFC

Proparco

Covage

Aurora

Bolloré Group

African Development Bank (AfDB)

Société Générale

Natixis

La Banque Postale

Crédit Agricole Unifergie

BPI France

CASIL

Allianz

The World Bank Group (IBRD)

Africa50

Rwanda Development Board

Banque Marocaine de Commerce Extérieur (BMCE)

JP Morgan

Work highlights

  • Advised Caisse des depots et consignations and Direction des Fonds d’Epargne on the €2.1bn refinancing of the Tours-Bordeaux high-speed rail project.
  • Advised the lenders of Aéroports de Paris, SNCF Réseau and Caisse des dépôts’ consortium on the CDG Airport Express project.
  • Advised Korea Water Resources Corporation (Sponsor) and JSC Nenskra Hydro (Project Company) on ‘Nenskra’, the 280MW hydropower project in Georgia.

Clifford Chance

Clifford Chance combines leading domestic and international project expertise. The firm advises all types of stakeholders, including French and international banks, international development banking institutions, private operators and sponsors, as well as government entities. In France, the practice advises on the development and financing of the country's largest energy, transport and other public infrastructure projects. Abroad, the team has a very strong presence on landmark renewables and power projects in Africa, but is also involved in several renewables projects in Eastern Europe. The firm also acts on on several port infrastructure and highly strategic pipeline project. The practice unites 28 Paris-based lawyers led by project finance partners Anthony Giustini, Nikolaï Eatwell, Delphine Siino Courtin, Richard Tomlinson and Daniel Zerbib, as well as public law experts David Préat and Gauthier Martin. Also recommended are counsels Milica Zatezalo-Falatar and Peter Cuthbert.

Practice head(s):

Anthony Giustini; Nikolaï Eatwell; Delphine Siino Courtin; Richard Tomlinson; Daniel Zerbib; David Préat; Gauthier Martin

Testimonials

‘The team provides high-quality advice to lenders. It has the depth of expertise and resources to effectively manage the expectations of large and diverse creditors and sponsors and complex inter-creditor discussions. It included a terrific set of lawyers who also happen to be an absolute pleasure to work with.’

‘A very experienced, solution-oriented and pragmatic team.  Team members are always accessible, attentive, responsive, hard-working, and professional. They are always hands-on, fully involved in matters, and are with their clients every step of the way.’

‘Anthony Giustini is a real guru of international project finance. He is a great expert and also a person able to find a solution in every circumstance.’

‘Richard Tomlinson provides outstanding guidance to commercial lenders and has the ability to articulate complex concepts in terms that are readily understandable to his clients. He is solution-driven, creative and always displays strong commerciality in negotiations.’

‘Daniel Zerbib has unique expertise advising sponsors and lenders on project finance transactions.

‘David Préat has remarkable expertise and an ability to come up with out-of-the-box solutions.

‘Nikolai Eatwell and counsel Milica Zatezalo-Falatar provide remarkable and outstanding services. They are very commercially oriented and strong lawyers with good negotiation skills.’

 ‘Counsel Peter Cuthbert provides practical, focused and comprehensive advice. He displays highly effective communication skills, always listens to feedback and provides solid and well-balanced advice while always highlighting relevant risks to his clients.’

Key clients

African Development Bank (ADB)

Asian Development Bank

Asian Infrastructure Investment Bank (AIIB)

DEG

EBRD

EIB

FMO

IFC

Inter-American Development Bank

Inter-American Investment Corporation

MIGA

OeEB

OPIC

Proparco

The Emerging Africa Infrastructure Fund (EAIF)

The Korea Development Bank

Agence Française de Développement (AFD)

Africa Finance Corporation

Emerging Africa Infrastructure Fund

FMO

OFID

Ethiopian Electric Power

French Ministry of Ecology, Sustainable Development and Energy

Ministry of Water Irrigation and Energy, Government of the Federal Democratic Republic of Ethiopia

Bpifrance

Hermes

K-sure

SACE

UK Export Finance

BNP Paribas

CACIB

CDC

Natixis

Société Générale

Bouygues

EDF

Eiffage

ENGIE

Meridiam

Total

Vinci

Barclays

HSBC

Macquarie

Santander

Standard Chartered bank

Türkiye Garanti Bankasi A.Ş.

UniCredit

MUFG

Work highlights

  • Advised the lenders on the construction and operation of a 390MW natural gas-fired power plant developed by Eranove near Abidjan, Côte d’Ivoire.
  • Advised AfDB and EAIF on the financing of a multi-purpose port terminal at Owendo, Gabon.
  • Advised LISEA and the sponsors on the refinancing of the commercial debt of a high-speed railway project between Tours and Bordeaux.

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

Gide Loyrette Nouel A.A.R.P.I.’s 29-lawyer team runs a comprehensive practice. The firm is a key player for large PPP and infrastructure projects in France. The international practice is equally strong and advises on major infrastructure projects in Africa. The group stands out for advising leading financial institutions, sponsors and governmental entities on landmark renewables and power projects, but also acts on several projects in Asia, including one of the continent’s ground-breaking nuclear projects in India and strategic oil and gas projects. The practice is co-headed by Stéphane Vernay and Marie Bouvet-Guiramand, both key names for international projects. Other key members for international projects include the highly-experienced John Crother, Nicolas Jean and Victor Grandguillaume who became a partner in February 2020. Thomas Courtel and Laetitia Lemercier are top names for domestic work.

Practice head(s):

Stéphane Vernay; Marie Bouvet-Guiramand

Key clients

Naval Group

EDF

Organisation de la Communauté Economique des Etats des Pays des Grands Lacs (CEPGL) pour l’Energie des Pays des Grands Lacs (EGL)

Mediterranean Shipping Company (MSC)

Meridiam and FGIS

Consortium composed of Eiffage, Mirova, Engie and Recrea

The Government of the Hashemite Kingdom of Jordan

International Finance Corporation (IFC) and the government of Barbados

International Finance Corporation (IFC) and the Government of Senegal

European Investment Bank (EIB), International Finance Corporation (IFC) and the Government of Botswana

International Finance Corporation (IFC) and the Government of Malawi

French Ministry of Transport

ARELIA and sponsors: Bouygues, DIF and Abeedeen

SNEDAI group

Petroci Holdings

Société Ivoirienne de Raffinage

Ministry of Tourism and Leisure of Ivory Coast

Work highlights

  • Advised Naval Group on the design, construction and maintenance of the future Australian submarine fleet.
  • Assisted EDF with the engineering and procurement of six EPR nuclear reactors in Jaitapur, India.
  • Advised Energie des Pays des Grands Lacs and the contracting states on the development of a 147MW hydropower plant on the Ruzizi river.

Linklaters

Linklaters offers a deep bench and a broad practice, making the team a leading name for French and international infrastructure and energy projects. The practice receives instructions from the world’s largest sponsors and lenders and acts on landmark French matters in France, especially on major transport and renewables projects. The group also has a strong presence in Africa where it assists with major hydroelectric and other renewable energy projects. Thanks to Stephen Le Vesconte, who relocated from Seoul to the Paris office in September 2018, the practice is also chosen to advise on several large-scale projects in Asia. Bertrand Andriani heads the impressive team which also includes François April, promising counsel Darko Adamovic and senior associate Marianna Frison-Roche. Public law expert Paul Lignières left the profession and former counsel Mark Barges joined Ashurst LLP as partner in March 2019, while the recruitment of public law expert Pierre Guillot from the French administration and Le Vesconte's relocation to Paris strengthened the team.

Practice head(s):

Bertrand Andriani

Testimonials

The firm has deep understanding of issues that may arise in executing complex structures involving multiple parties, and knows and how to address them.

Counsel Darko Adamovic shows great commercial mindset and attitude, deep understanding of underlying business aspects and sound understanding of derivatives.

Key clients

Antin Infrastructure Partners

SAS

Bouygues Construction

Covage

Ecobank Development Corporation

Engie

European Investment Bank

Glencore

GSEZ

InfraVia Capital Partners

ITOCHU Corporation

KfW

Meridiam SAS

Mirova

Natixis S.A.

Olam International

RP Global Holding SL

SNCF

Sonnedix Power

Stoa S.A.

Sumitomo Corporation

Work highlights

  • Assisted Reden Solar with one of the largest solar asset refinancings to date on the French market.
  • Assisted the European Investment Bank with the financing of the Sud-Europe-Atlantique high-speed railway line concession project.
  • Assisted Philae with the development of solar-powered mini-grids in the Democratic Republic of Congo.

Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP combines leading public law and finance expertise that earns the firm top instructions on France’s largest infrastructure projects. The practice recently advised on landmark domestic financing and refinancing project work in the transport sector. Other work includes advising on several greenfield and brownfield infrastructure and energy projects abroad, including in Eastern Europe and Africa. The practice also advised CMA CGM on the development of the Puerto Antioquia maritime terminal in Colombia. Amir Jahanguiri is in charge on the financing side, with Michaël Armandou as the other key member. Thierry Laloum chairs the public law practice.

Practice head(s):

Amir Jahanguiri

Other key lawyers:

Michaël Armandou; Thierry Laloum

Testimonials

‘Amir Jahanguiri is highly thoughtful and also commercial; he is very client-focused, yet frank and transaction-oriented.’

Key clients

CMA CGM

ERAMET

Bouygues Construction

Vinci Concessions

Rönesans

Atlantia (Autostrade per l’Italia)

Sojitz Corporation

Agence Spéciale Tanger Méditerranée

Government of Djibouti

ArcelorMittal

Veolia

European Investment Bank

Eiffage

Direct Energie

STOA

Société Générale

Crédit Agricole Corporate and Investment Bank

Work highlights

  • Assisted the lenders with the high-profile refinancing of the Tours-Bordeaux high-speed rail line project.
  • Assisted the lenders to RATP Dev and Keolis’ consortium with the CDG Express airport shuttle project.
  • Advised CMA CGM on the development of the Puerto Antioquia maritime terminal in Colombia.

Ashurst LLP

Ashurst LLP's international project finance and energy practice bolstered its bench with two new key hires in 2019 when it welcomed Tom Longmuir from Allen & Overy LLP and Mark Barges from Linklaters. The pair now head the practice together with Michel Lequien, Jacques Dabreteau and Yann Alix, who also chairs the Africa group. The team now offers project, public law, corporate and finance capabilities and offers equal strength in civil and common law. In addition to its strong position in the French market, as attested by the group's regular work for government entities and sponsors regarding large transport infrastructure projects, the practice also demonstrates particular strength in African energy and infrastructure projects and is involved in high-profile renewable energy projects in the region. Projects in Latin America also account for in important part of the team's very international caseload. Lately, the practice has won a series of new key mandates on international airport infrastructure projects.

Practice head(s):

Mark Barges; Jacques Dabreteau; Michel Lequien; Tom Longmuir; Yann Alix

Testimonials

‘The overall service is excellent. Response times are fast.’

Mark Barges will always find a way to get a deal done and gives companies and in-house lawyers full confidence in his handling of matters.

‘Tom Longmuir has impressive industry knowledge in export finance and infrastructure finance transactions, especially those involving African sovereigns. He provides commercial legal advice that is well thought-through, often coming up with creative solutions to complex cross-border legal questions.’

Key clients

ONEE

Fayat

Nareva

ENGIE

EDF International

Sumitomo Electric Industries, Ltd.

Enel/Enel Green Power

John Laing

Vaalco

Newcrest

The French Ministry

Veolia Eau

Work highlights

  • Advised the Fayat-led consortium as bidder to France’s RCEA motorway concession contract tender offer.
  • Advised Nareva Holding and Engie’s consortium on Noor Midelt 800MW hybrid phase I project in Morocco.
  • Advised Enel Green Power as bidder on a 100MW wind farm concession project in Tunisia.

De Pardieu Brocas Maffei

Headed by Jean-Renaud Cazali, the team at De Pardieu Brocas Maffei regularly receives instructions from banks to advise on large and mid-size infrastructure and energy projects in France. The practice shoulders a high volume of work, primarily for banks, but also for energy companies. Recent work includes several significant refinancings, for example assisting EIB with Lisea’s €2bn debt in the context of the new high-speed railway line 'SEA', and advising Puy du Fou on the financing of a new leisure park in Spain. Financing and refinancing deals in the cogeneration and renewals sector is another busy line of work, with recent examples including assisting CIC and Auxifip with the financing of the acquisition of a majority stake in a Dalkia-held cogeneration facilities portfolio by Amundi Transition Energétique, and advising the lenders on the financing of the conversion of a 33.5MW coal-fired power plant into a thermal biomass plant. Senior associate Antoine Payen is also recommended.

Practice head(s):

Jean-Renaud Cazali

Testimonials

‘Jean-Renaud Cazali is a very experienced and highly technical lawyer who has a strong knowledge of the market and a commercial approach. He is an excellent negotiator, very pragmatic and business-friendly. He perfectly defends his clients’ interests and has the ability to find solutions, to reconcile positions and to conclude a deal.’

‘Senior associate Antoine Payen is very efficient, reactive and has a good knowledge of the market. His understanding of legal and business issues make him a very competent and reliable adviser, able to fully defend his clients’ interests while being very pragmatic and a deal maker.’

Key clients

BORALEX

INNOVENT

EDF RENOUVELABLES

GREEN YELLOW

EIFFEL

NEOEN

ALBIOMA

SOCIETE GENERALE

CEPAC

VINCI

BEI

CREDIT FONCIER DE FRANCE

EIFFAGE

DEUTSCHE PFANDBRIEFBANK (PBB)

BNP PARIBAS

LA BANQUE POSTALE

BANK OF TOKYO / MITSUBISHI UFJ / SUMITOMO MITSUI BANKING CORPORATION GROUP

DIF INFRASTRUCTURES

LANDESBANK SAAR

AUXIFIP

CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK

Work highlights

  • Assisted EIB with Lisea’s €2bn debt in the context of the new SEA high-speed railway line.
  • Assisted Puy du Fou with the financing of a new leisure park in Spain.
  • Assisted CIC and Auxifip with the financing of the acquisition of a Dalkia-held majority stake in a cogeneration facilities’ portfolio by Amundi Transition Energétique.

Dentons

Dentons is involved in several of the French state’s largest infrastructure projects. The firm is especially well versed in advising public sector entities on landmark rail and transport projects. In addition, the ten-lawyer practice also advises on smaller projects in France, particulary in the education sector, and is active in one of France’s landmark renewable energy projects. Finally, the team also assists with infrastructure and energy projects abroad, such as assisting Inframed with a solar and wind power plants project in Jordan. Public law expert Marc Fornacciari and project finance specialist Jean-Marc Allix co-head the practice. Cross-border specialist Leila Hubeaut and of counsel Dorothée Griveaux, a public law expert, are also noted. Nicholas George joined the team in June 2020 from Orrick Rambaud Martel.

Practice head(s):

Marc Fornacciari; Jean-Marc Allix

Testimonials

‘The firm provides very relevant analysis.’

‘Marc Fornacciari is a true team leader who is also very committed to his clients. He provides very fine analyses that are instrumental in helping to reach the best decision on a project.’

‘Of counsel Dorothée Griveaux has a deep understanding of the specifics and constraints of the public sector. She is hard-working and shows great analysis capabilities.’

Key clients

African Infrastructure Investment Managers (AIIM)

Camusat/Aktivo

Eiffage

French foundation “Campus Condorcet”

Hummingbird Resources

Inframed

Meridiam

Quercus

Vinci Airport

Work highlights

  • Assisted winning consortium RATP Dev/Keolis with the Charles de Gaulle Express train shuttle airport project.
  • Advised the Ministry of Transportation on the awarding of the RCEA road concession project.
  • Assisted Inframed with a solar and wind power plants project in Jordan.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP combines civil and common law expertise and offers experts in energy, mining, infrastructure and project finance law. The practice has a leading presence in power and renewables projects in France and Africa, with recent highlights including advising on Nachtigal's 420MW hydroelectric power plant in Cameroon and assisting Aquind with a 2GW UK-France interconnector project. Major domestic telecoms and transport infrastructure projects and real estate infrastructure projects in Africa are also part of the group's portfolio of work. Régis Oréal leads the project finance practice. Other key names include: Eric Fiszelson, Louis de Longeaux and Rachel Campbell on the financing aspects, and public law experts Christophe Lefort and Mathias Dantin, an of counsel. Associates Soraya Salem and Thomas Herman are also noted.

Practice head(s):

Régis Oréal

Other key lawyers:

Eric Fiszelson

Testimonials

‘Christophe Lefort shows perfect legal mastering. He has strong analysis and persuasion skills.’

‘Eric Fiszelson is smart, eloquent and determined.’

‘Associate Soraya Salem is available, committed and thorough.’

‘Thomas Herman is available and responsive.’

Key clients

Akuo Energy

Agence Française de Développement

Bank of Tokyo-Mitsubishi

BNP Paribas Group

BPCE/Natixis Group

Bpifrance

Caisse des Dépôts et Consignations

Chevron

Crédit Agricole Group

DIF Infrastructure

Direct Energie

EDF

Indonesia Eximbank (Indonesia Export and Import Bank)

International Finance Corporation (IFC)

La Banque Postale

Marguerite Adviser

Marubeni

Meridiam Infrastructure Partners

Neoen

Norddeutsche Landesbank Girozentrale (Nord/LB)

Proparco (French DFI)

Samsung Life Insurance

Société Générale Group

Solvay

Sumitomo Corporation

Tenergie

Vitol SA

Voltalia

Work highlights

  • Advised Proparco, IFC and EIB on the financing of two solar generation units in Senegal as part of the World Bank’s Scaling Solar initiative.
  • Assisted EDF, International Finance Corporation and the Government of Cameroon with the development of Nachtigal’s 420MW hydroelectric power plant in Cameroon.
  • Advised Aquind on a 2GW UK-France interconnector project.

Hogan Lovells (Paris) LLP

Hogan Lovells (Paris) LLP is a strong name for large transport infrastructure projects, spanning road, rail and airport sector work. The ten-lawyer team also advises on several large-scale renewables projects. Domestic projects account for the bulk of the caseload, but the team also fields a busy practice in Africa, especially in francophone countries, for example in Mali and Senegal. Public law experts Bruno Cantier and Ludovic Babin co-head the practice together with finance specialist Olivier Fille-Lambie.

Practice head(s):

Bruno Cantier; Ludovic Babin; Olivier Fille-Lambie

Work highlights

  • Advised a client on the financing of a second 30MW solar power plant project in Senegal.
  • Advised a group of lenders on Mali’s first independent power project.
  • Assisting ADP with the CDG airport express shuttle project in France.

Norton Rose Fulbright

Norton Rose Fulbright is recommended for its leading work in strategic energy projects in France and especially in Africa, including in Cameroon, Mali, Benin, Senegal and Morocco. The 18-lawyer team has attracted a large client base made up of leading energy producers and infrastructure providers, banks, sponsors, investment funds and governments, whom the group assists with landmark solar, offshore wind, cogeneration, hydropower and oil and gas projects. The team also has experience in advising on large-scale projects in Asia. Increasingly, the practice acts on innovative electricity projects, including interconnection projects and M&A transactions. Global practice head Anne Lapierre is a leading figure in the energy sector. Her team includes very experienced M&A and projects practitioner Christophe Asselineau, Arnaud Bélisaire, Alain Malek and Simon Cudennec, who made partner in 2019.

Practice head(s):

Anne Lapierre

Key clients

Africa50

Barrick Gold

BNP Paribas

Contour Global

Engie

International Finance Corporation

Lekela Power

Moroccan Agency for Sustainable Energy

Tiger resources

TOTAL

World Bank

Work highlights

  • Advised Cho Power on the financing of a gasification cogeneration plant in France.
  • Advised the lenders on the financing of Akuo Energy’s first solar project in Africa.
  • Advised the lenders, led by Africa Finance corporation, on the refinancing of Société Ivoirienne de Raffinage (SIR) for an amount of €600m.

Orrick Rambaud Martel

Orrick Rambaud Martel stands out for its large sector spectrum and geographical reach. The practice fields a very impressive caseload of top-level project work, both in France and in Africa. In France, the practice plays a key part in most of the country’s few high-profile infrastructure projects, including railway, motorway, high-speed internet and airport infrastructure projects. Abroad, the firm recently advised on several airport and road projects, including the new JSC Nikola Tesla Airport project in Serbia. In Africa, the team is highly involved in road and energy projects, for example as advisor on one of the first road concessions in the Republic of Congo and on the Nachtigal 420MW hydropower plant project in Cameroon. Yves Lepage chairs the practice which includes leading public law expert Noël Chahid-Nouraï, a senior counsel, as well as key members Geoffroy Berthon, who was made partner in 2020, and of counsel Foucaud Jaulin. Pascal Agboyibor and Simon Ratledge left the firm to set up Asafo & Co., while other key member and public law partner Jean-Luc Champy left to join White & Case LLP in February 2020. Nicholas George moved to Dentons in June 2020.

Practice head(s):

Yves Lepage

Testimonials

‘The team is dedicated to achieve the goals and milestones set by its clients. It shows great communicative abilities and skills.’

‘The firm boasts one of the market’s most experienced teams which shows a very high level of professionalism. The team always finds practical solutions to issues and provides high-level legal analysis. The firm also stands out for its ability to mix both a French and US approach to infrastructure projects.’

‘The team’s PPP expertise is very robust. Negotiations skills are also very high-level.’

‘Yves Lepage is highly experienced, handling the most complex negotiations and deal closings. He is totally involved in matters.’

‘Geoffroy Berthon and Amaury de Feydeau are both excellent lawyers, reliable and very proficient. They provide great support in helping clients find the best solutions.’

Key clients

The French State

Tunnel Euralpin Lyon-Turin

Colas Projects

Allianz

Caisse des dépôts

Axa

Crédit Agricole

Société Générale

China State Construction Engineering Corporation

Egis Road Operation

VINCI Airports

ENEO

Republic of Serbia

Africa50

Eranove

CDC Group Plc

Off Grid Electric

Work highlights

  • Advised the French State on the €2.2bn refinancing of the Sud-Europe-Atlantique high-speed rail line.
  • Assisted the Tunnel Euralpin Lyon-Turin regarding the €8bn construction of the Lyon-Turin railway.
  • Assisted the Serbian government with its €1.5bn JSC Nikola Tesla Airport project.

White & Case LLP

White & Case LLP assists lenders, sponsors and state entities. The ten-lawyer team advises on some major domestic road projects, but is mostly active in African projects, with matters including several large-scale hydropower, cogeneration and renewables projects. Another highlight matters was assisting the Georgian State with a landmark hydropower project. The practice is chaired by project finance expert Paule Biensan, with public law expert François-Guilhem Vaissier as the other key member. Jacques Bouillon left the practice and counsel Marianna Sedefian joined Trinity International LLP in June 2019. In February 2020, the firm hired highly recognised public law partner Jean-Luc Champy from Orrick Rambaud Martel, which is a very promising addition.

Practice head(s):

Paule Biensan

Other key lawyers:

François-Guilhem Vaissier

Testimonials

‘The firm has unique knowledge of the energy sector across various countries and a sound understanding of the risks associated with developing PPPs in Africa. The team understands its clients’ concerns with only a few words.’

‘The firm has real expertise in infrastructure projects. Lawyers do not shy away and stand for their clients’ with conviction. They tell clients what they need to hear.’

‘The tenacious Paule Biensan has great listening skills.’

Key clients

BMCE Bank

JBIC

MUFG

NEXI

Nippon Life Insurance Company

SMBC

Standard Chartered Bank

The Iyo Bank

Dai-ichi Life Insurance Company,

European Bank for Reconstruction and Development

Black Sea Development Bank

Work highlights

  • Advised Eranove and Fonds Gabonais d’Investissements Stratégiques on a 73 MW hydropower project located in Ngoulmendjim and a 15 MW hydropower project located in Dibwangui in the Gabonese Republic.
  • Advised Eranove on a PPP agreement to develop a €110m 42MW hydroelectric dam project in Kénié, Mali.
  • Advised the State of Georgia on the 434MW Namakhvani hydropower plant BOO project.

Asafo & Co.

Practice head(s):

Pascal Agboyibor; Simon Ratledge

Other key lawyers:

Adrien Guidet

Key clients

AZITO Energie S.A. / Globeleq

IPS (West Africa)

National Agency of the Universal Service of Telecommunication (ANSUT, Côte d’Ivoire)

Limak Africa S.A.

Société Générale de Banques en Côte d’Ivoire

Nouvelle Société Interafricaine d’Assurance

African Development Bank (AfDB)

La Générale des Carrières et des Mines S.A. (Gécamines)

CITI Bank

Deutsche Bank AG

Work highlights

  • Advised project company Azito Energie S.A. and the sponsors in respect to the 250MW expansion of the gas-fired Azito independent power plant in Ivory Coast.
  • Advising Turkish industrial Limak Cement as sponsor and its subsidiary, Limak Africa S.A as borrower in connection with the financing of the construction and operation of a major cement production facility near Abidjan in Ivory Coast.

Cleary Gottlieb Steen & Hamilton

Practice head(s):

Barthélemy Faye ; Jean-Pierre Vignaud

CMS

Practice head(s):

François Tenailleau; Christophe Barthélemy; Geoffrey Levesque

Testimonials

The team is particularly alert and recommended.’

‘Counsel Geoffrey Levesque is an excellent professional. He is very clear and strong on the negotiating table to defend his clients’ interests. He is efficient and courageous.’

Key clients

SNCF Mobilités

Meridiam

Banco Sabadell

Engie

Chambre de commerce et d’industrie (CCIR) Hauts-de-France

Egis Airport

Work highlights

  • Assisting SNCF Mobilités with the awarding of the Gare du Nord refurbishment tender project.
  • Advising Meridiam and Européenne de Biomasse regarding the development of a biomass project.

DLA Piper

Practice head(s):

Eric Villateau ; Jérôme Pentecoste

Other key lawyers:

Julie Vuagnoux

Key clients

Name of Client

SNCF Mobilités

Meridiam

Banco Sabadell

Engie

Chambre de commerce et d’industrie (CCIR) Hauts-de-France/Egis Airport

Freshfields Bruckhaus Deringer LLP

Practice head(s):

Pascal Cuche

Jones Day

Practice head(s):

Philippe Delelis ; Nicolas Brice ; Sophie Chevallier ; Rémy Fekete

Key clients

Agence Française de Développement (AFD)

Alcatel Submarine Networks – Groupe Nokia

Auxifip

BPCE Energeco

Bpifrance Financement

Caisse des dépôts et consignations / Banque des Territoires

Deutsche Pfandbriefbank AG

ENGIE AXIMA

Fayat SA

Fluence Corporation

La Banque Postale

Mirova

Opalia (subsidiary of Suez)

Parkwind

Société Générale

Total SA, including subsidiary Quadran – Groupe Direct Energie

Vinci Construction

Work highlights

  • Representing the pool of lenders, in connection with the €200m refinancing of two portfolios of solar and wind assets sponsored by Quadran (Groupe Direct Energie).
  • Representing a consortium led by Engie Axima as bidder to Nice Metropole ‘s new national wholesale market (MIN) for the Côte d’Azur region.
  • Representing Fluence Corporation on the development and financing of a €165m water treatment plant in Abidjan.
  • Representing CDC in connection with in a series of major BOT telecom projects in France.

Mayer Brown

Practice head(s):

Olivier Mélédo ; Alban Dorin

Key clients

Presidency of the Republic of Benin

Millennium Challenge Corporation/Government of Benin

AMEA Power

Total EREN

RTE International

Orion Solaire

Générale du Solaire

Maurel & Prom

Toro Gold

Caterpillar Finance

Work highlights

  • Assisting the Republic of Benin with several ambitious projects including on the development of a liquefied natural gas (LNG) import floating terminal and a 144 MW dual fuel/HFO and gas-fired power plant project.

Pinsent Masons LLP

Practice head(s):

Since publication of the ranking Stéphane Gasne joined DS Avocats.

Key clients

European Investment Bank

Weihai International Economic & Technical Cooperative CO., Ltd

Goverment of Uganda

Yunnan Provincial Investment

CHEC (China Harbour Engineering Company)

Work highlights

  • Assisting Yunnan Provincial Overseas Investment YOIC regarding the Glo-Djigbé International airport in Benin.
  • Advising China Harbour Engineering Company on Conakry’s port development project.
  • Assisting the country of Uganda with its first PPP project in relation to the Kampala-Jinja Expressway project.

Simmons & Simmons

Practice head(s):

Yves Baratte

Key clients

African Legal Support Facility (ALSF)

Djibouti Ports & Free Zone Authority

De Run International

NordGold

KfW

Malakoff

Proparco and DEG

TBEA Co. Ltd.

Great Horn Investment Holdings SAS

Work highlights

  • Advising Djibouti Ports and Free Zone Authority on the negotiation of a major joint-venture with Chinese state-owned entities for the development of Africa’s largest free trade zone.
  • Advising Air Djibouti in respect of a joint-venture agreement for the development and operation of a new freight terminal in Djibouti.
  • Advising TBEA in relation to a hydropower project in Gabon.

Taylor Wessing

Practice head(s):

Sophie Pignon; Eric Charvillat; Sophie Nicolas

Testimonials

Sophie Pignon offers strong support, especially when dealing with complex and peculiar matters.’

Work highlights

  • Advising Altitude Infrastructure on five high-speed broadband infrastructure projects in France.
  • Advising Voies Navigables de France on the refinancing of a public-private partnership project relating to the construction and maintenance of 29 dams in Aisne and Meuse.