Leading Individuals: Foreign Tax Expert

Leading Individuals: Tax Litigation

Leading Individuals: Transfer Pricing And International Tax

Next Generation Partners: Tax Litigation

Firms in the Spotlight Tax

Tax in France

Baker McKenzie

Baker McKenzie’s Paris office, which is part of a extensive network of tax professionals worldwide, provides the full range of high-level expertise through its large team. The strong corporate and transactional tax practice, led by Veronique Millischer and Guillaume Le Camus, recently advised on major corporate tax restructuring projects and prominent M&A integration and carve-out transactions. Equally renowned is Caroline Silberztein’s transfer pricing expertise, sought after by many leading corporations, including multinationals. Litigation is among the firm’s staple practices in France. Headed by Eric Meier, supported by  Ariane Calloud and senior counsel Régis Torlet, the litigation team is handling many of the market’s most challenging tax disputes and takes on very large financial tax reassessment controversies. The team has been involved in several landmark cases recently, such as the negotiation of a €1bn settlement agreement between client Google and the French public prosecutor and the tax authorities. Finally, the practice also offers proficiency in VAT matters through senior counsel Thierry Vialaneix, real estate tax thanks to Virginie Louvigné, and wealth management with Agnès Charpenet. Also recommended are Edouard De Rancher and Anne Quenedey. Senior counsel Renaud Jaune joined from the French Anti-corruption Agency in September 2020, a major new addition to the team.

Practice head(s):

Véronique Millischer

Other key lawyers:

Guillaume Le Camus; Caroline Silberztein; Eric Meier; Ariane Calloud; Régis Torlet; Virginie Louvigné; Agnes Charpenet; Renaud Jaune; Thierry Vialaneix; Edouard De Rancher; Anne Quenedey


‘Eric Meier, Ariane Calloud and Caroline Silberstein display extreme knowledge of tax law and build pragmatic solutions for the client.’               

‘The firm is quick to understand our business model and how M&A activities play with our business when providing tax advice.’

‘Edouard De Rancher stands out through his ability to provide tailored technical solutions.’

‘High-level technique and reliability.’

‘We are very satisfied with the corporate tax team. We would like to underline the commitment and the quality of the work of Edouard De Rancher.’

‘I have particularly appreciated the work of Ariane Calloud: she knows how to keep a strategic vision of the file and its implications without losing sight of the details that matter. In addition, she has always been very responsive.’

‘There is perfect communication and coordination inside the team. We never feel left alone and individuals that are assigned to the case are always the perfect match in terms of skills and relationships.’

‘Individuals are fully dedicated, skilled and motivated. Each case is managed in depth and in a timely manner. Whatever the pressure, they always interact without any stress and with full respect of relationships.’

‘Edouard De Rancher shows strong technical skills relating to French tax law as well as the broader EU context. He provides practical solutions to complex issues and communicates them in a style that clients will appreciate.’

‘Excellent technical skills, experience and expertise combined with very strong project management skills.’

‘Very broad experience; very strong project and deadline management.’

‘The real estate tax team is extremely competent and above all knows perfectly how to solve issues and problems.’

‘Virginie Louvigné demonstrates high technicality, has a good network and above all, it is extremely easy, simple and pleasant to work with her. Associate Romain Marroux demonstrates a lot of rigour.’

‘The team is always available and very responsive at a level rarely seen on the market.’

‘The best advisors with a real and unique competence in litigation.’

‘Caroline Silberztein is a great expert who shows pragmatism and provides specific recommendations. Eric Meier has great knowledge of the practices of the French tax administration.’

‘Caroline Silberztein is truly an expert in her field. She knows the problems of her clients perfectly and accompanies them well. She knew how to set up a quality team.’

‘High availability and strong listening and analysis capabilities from Agnes Charpenet and Eric Meier.’

Virginie Louvigné has very good knowledge of real estate taxation and a very practical view of problems. She is available and clear in her explanations, as well as comfortable and involved in cross-border transactions.’

Key clients



Air France KLM



Bristol Myers Squibb




Club Med



Jardins d’Arcadie / Sandaya

Johnson Controls



Mediawan Group and ZAG

Pierre et Vacances – Center Parcs






Leroy Merlin







Heart of La Défense

Société Générale

Swiss Life



Work highlights

  • Assisted FEDEX in the €4.4bn acquisition of TNT, a Netherlands-based provider of mail and courier service) and in the post restructuring structure.
  • Assisted and advised PVCP on the legal and tax aspect of the implementation of a €500m+ restructuring plan.
  • Providing continuous support to Club Med during the COVID-19 pandemic, notably advising on the setting up of a state guaranteed loan amounting to €180m.

Bredin Prat

Bredin Prat’s team stands out for its leading expertise in the tax structuring of M&A transactions. Working alongside the corporate team, the practice advises on high number of the market’s leading M&A deals, especially on landmark M&A listed transactions. For instance, it assisted PSA Peugeot Citroën with its cross-border merger project with Fiat Chrysler Automobiles. The practice also advised a major US corporation with its tax restructuring spanning ten jurisdictions. Many leading French and international corporations are clients, with some private equity funds also turning to the firm for their most complex matters. The practice also handles high-level litigation cases, often raising sensitive issues or involving large financial amounts, and is experienced in assisting with wealth management tax issues. Yves Rutschmann directs the practice which also includes the highly regarded  Sébastien de MonèsPierre-Henri Durand and Julien Gayral, as well as the promising Anne Robert and Jean-Florent Mandelbaum. Also acknowledged and very involved in matters is counsel Marion Méresse.

Practice head(s):

Yves Rutschmann

Other key lawyers:

Sébastien de Monès; Pierre-Henri Durand; Julien Gayral; Anne Robert; Jean-Florent Mandelbaum; Marion Méresse


‘Top-level client service and technical expertise; practical knowledge. The tax team is the best I have worked with anywhere in Europe, on any topic.’

‘Pierre-Henri Durand is focused, diligent, thoughtful, and relentlessly in pursuit of the best possible results for his clients within the boundaries of the law’

‘Yves Rutschmann has unparalleled respect and credibility.’

‘I appreciated the great rigour of their analyses and their professionalism.’

‘Yves Rutschmann provides a high quality of services, including in complex litigation cases. Julien Gayral is rigorous, provides in-depth analyses with great clarity, including on the most complex subjects.’

‘They have remarkable skills. They are concerned with providing a solution, and not simply analyses.’

‘Good knowledge on technical French tax and ability to explain in a clear and efficient manner.’

‘Extremely high level of dedication, knowledge and exceptional availability to carry out the project to a successful end.’

‘The team, particularly Yves Rutschmann, Pierre Henri Durand, and Adrien Soumagne, has a rare ability to make technical issues straightforward, and then equally delve into complex details and legal strategy with ease. Responsive, savvy, sophisticated, but accessible, we always receive a thoughtful response and perfect work product, with consistent communication in perfect English throughout. Incredibly effective advocates with an efficient approach.’

‘’Tailor-made approach.’

‘Anne Robert is attentive to expectations and shows remarkable involvement.’

‘Best in class knowledge of M&A tax regulations and practices.’

‘Pierre-Henri Durand delivers top rate advice. He is extremely knowledgeable, thinks far ahead and is intent on providing the best possible answer to a specific situation.’

Key clients

April Group





Coca-Cola European Partners


Crédit Agricole

Crédit Mutuel


Dassault Systèmes

Dentressangle Initiatives









Promontoria (My Money Bank)

PSA Group

PSP Investments


Société Générale

Téthys Invest


Work highlights

  • Advised PSA on its pending 50/50 cross-border merger with Fiat Chrysler Automobiles, a €44bn deal.
  • Advised Ingenico in connection with the friendly share exchange offer launched by Worldline (a €7.8bn deal) with a view to creating a new European leader.
  • Advised Iliad on the tax aspects of its share buyback offer (‘OPRA’) financed by a share issue, in an amount of €1.4bn.


CMS is home to one of France’s most established tax practices. The firm stands out through its very large team, able to offer a comprehensive range of expertise. The practice notably covers corporate and transactional M&A and property tax, international tax and transfer pricing work, as well as litigation. It can rely on a leading 'doctrine' department, led by Daniel Gutmann, which has regular contacts with tax authorities, governmental offices and the European Commission. The largest French and international corporations and investment funds are clients. The practice provides everything from day-to-day assistance to advice on the most complex issues. It is currently handling high-stakes litigation involving high financial amounts, challenging current tax regulations and rulings pertaining to securities and withholding tax issues. Key names include the highly regarded Stéphane Austry, who heads the firm's tax litigation and controversy group; Bruno Gibert, who manages the firm’s transfer pricing practice; transactional tax expert Edouard Milhac, Patrick Danis who excels in VAT matters, and Lionel Lenczner, a specialist in direct taxes. Agnès de l’Estoile Campi  and Xavier Daluzeau  are strong names for international tax. Also recommended are Renaud Grob, Anne-Sophie Rostaing, Frédéric Gerner, Pierre Dedieu, Jean-Charles Benois and Pierre Carcelero.

Other key lawyers:

Stéphane Austry; Bruno Gibert; Edouard Milhac; Patrick Danis; Lionel Lenczner; Agnès de l’Estoile Campi; Xavier Daluzeau


‘High level of excellence, responsiveness and ability to gather numerous resources very quickly.’

‘Frédéric Gerner and Gaëtan Berger-Picq are excellent; their mastery of taxation is of a very high level.’

‘Ability to project themselves into the business model of their clients and to integrate their objectives. Their recommendations are always pragmatically oriented towards addressing the needs of clients.’

”Great ability to adapt to various situations and very high quality of legal analysis.’

Key clients

Crédit Agricole SA

Amundi Immobilier

Apollo Global Management





Work highlights

  • Assisted Crédit Agricole SA with the tax litigation procedure claiming the deduction of a loss on the sale of its participation in a Greek subsidiary (Emporiki Bank) of €2.9bn.
  • Advised Amundi Immobilier on the tax structurating of the acquisition of a portfolio of 38 real estate assets located on some of the most emblematic arteries of the Presqu’île of the city of Lyon.  
  • Advised Apollo Global Management, Inc. in connection with the acquisition of a substantial portion of the former SPX FLOW, Inc (it’s Power and Energy business) in an all-cash transaction.

Sullivan & Cromwell LLP

Sullivan & Cromwell LLP’s relatively compact team handles an impressive body of work. The practice is appointed by many of France's and the world’s largest corporations, regularly for the structuring of landmark M&A and financing transactions, often in a cross-border environment and in collaboration with the corporate team. A prime example was the group's involvement for Fiat Chrysler Automobiles in its merger with Peugeot. The tax team also ranks among the very top names for complex litigation and often handles matters involving high financial amounts, that challenge legal principles and shape jurisprudence. The team is notably representing the State of Kuwait in several disputes which raised the unprecedented question of the tax liability of a foreign state in France. Practice head Gauthier Blanluet is a superstar. Nicolas de Boynes is also highly regarded.

Practice head(s):

Gauthier Blanluet

Other key lawyers:

Nicolas de Boynes

Work highlights

  • Advising Fiat Chrysler Automobiles on all tax aspects regarding its merger with Peugeot.
  • Represented EXOR in all tax matters in connection with its memorandum of understanding under which Covéa, a leading French mutual insurer, proposed to acquire PartnerRe, the Bermuda-based global reinsurer wholly owned by EXOR.
  • Advising EssilorLuxottica on all tax aspects related to its definitive agreement to acquire a 76.72% interest in GrandVision N.V. from HAL Optical Investments B.V. for €5.5bn.

Allen & Overy LLP

Allen & Overy LLP has a strong transactional practice and a team with leading expertise in financial tax law through Mathieu Vignon who assists leading banks and investment funds with debt fund formation, capital markets and other financial transactions. The practice also has a growing presence in high-profile corporate, private equity and real estate transactions, done by leading investment funds, with Guillaume Valois and counsel Charles del Valle as the key experts. Recently, the group advised on a high number of complex landmark transactions, including the investment of client Groupe Arnault in Lagardère Capital & Management.

Practice head(s):

Mathieu Vignon; Guillaume Valois

Other key lawyers:

Charles del Valle


‘Expert in banking tax issues.’

‘Serious and discreet.’

‘Mathieu Vignon is a real expert in banking tax law.’

Key clients


LBO France

Scor Asset Management


GE Capital


Bank of Nova Scotia

Groupe Arnault


Agence des Participations de l’Etat




King Street




Weinberg Capital Partners

Cathay Capital

HIG Capital

Hivest Capital Partners




Cromwell European REIT

Fonds Européen d’Investissement







Standard Chartered Bank

Quadreal Property Group


Nuveen Real Estate


Epic Games







Société Générale


Goldman Sachs

Healthcare of Ontario Pension Plan (HOOPP)

Hatfield Philips International, Ltd / Mount Street

SGRF (State General Reserve Fund of The Sultanate of Oman)

CASIL Europe

Deutsche Bank

Crédit Agricole CIB

Acofi Gestion




Work highlights

  • Advised Groupe Arnault on its proposed investment in Lagardère Capital & Management.
  • Advised the founders of the group Jacky Perrenot, one of the main French road transport suppliers, and certain members of its management on the sale of the group to the investment fund Siparex and the management company EMZ, who will make a majority entry in the capital of the family business, alongside Philippe Givone and several senior executives.
  • Advised CASIL Europe on the disposal of its 49.99% interests in Aéroport Toulouse-Blagnac (ATB).

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton's team is among the best in the country for structuring all types of large complex transactions, spanning listed and non-listed M&A work, LBO and capital market deals. In 2020, the group worked on an impressive number of transactions. Acting alongside the corporate department, the tax team notably acted on the structuring of landmark transactions, such as Alstom's €6.2bn acquisition of Bombardier Transportation. The team also handled prominent IPO and international and domestic convertible, DCM and EMTN work. On a stand-alone basis, the firm is in high demand from clients facing tax audits and related litigation, especially investment funds and international corporations, but also CAC 40 companies. Practice head Anne-Sophie Coustel ranks among the best in her field.

Practice head(s):

Anne-Sophie Coustel


‘In my opinion, Anne-Sophie Coustel is the best tax advisor for acquisitions of listed companies and large international M&A transactions.’

‘Very, very good availability. I consider this firm to be a luxury firm, that is to say the best.’

Key clients




Casa Tarradellas





Latour Capital

Qualium Investissement

Tikehau Capital

BNP Paribas

Work highlights

  • Advised Alstom on its €6.2bn acquisition of Bombardier Transportation.
  • Advisd Worldline in connection with its acquisition of Ingenico to create a new world-class leader in payment services.
  • Advised Axeéréal in connection with its acquisition of the global malt business of Cargill (Boortmalt) and the complex multi-level equity, quasi-equity and debt financing of the acquisition.

Clifford Chance

Clifford Chance‘s team has high-level transactional and corporate tax expertise. The practice regularly advises leading corporations on the tax structuring of large, often cross-border transactions, with sector expertise among others in the healthcare and real estate sectors. The group advises high-profile French and international advisers on the structuring of major asset and portfolio transactions, including pan-European deals. Finally, the practice is also highly solicited to assist with the tax structuring of funds, such as property and debt funds. Eric Davoudet and Alexandre Lagarrigue direct the practice, which also includes counsel Jitka Susankova as a key member.

Practice head(s):

Eric Davoudet; Alexandre Lagarrigue

Other key lawyers:

Jitka Susankova


‘The team is very experienced and has a wide breadth of expertise. They are responsive and practical. They work seamlessly with teams from other jurisdictions.’

‘Alexandre Lagarrigue in particular is very involved in the detail and always comes up with practical solutions. He has very wide knowledge of the market and is able to communicate difficult concepts very well.’

Key clients




Carlyle European Real Estate













Work highlights

  • Advised Renault in the framework of credit agreement of a maximum amount of €5bn benefitting from a guarantee by the French State of up to 90% of the total borrowed amount, to be set up with a consortium of banks composed of BNP Paribas, Crédit Agricole, HSBC France, Natixis and Société Générale.
  • Advised L’Oréal on the tax structuring and the negotiation of the tax aspects of the transaction documentation for the acquisition of the perfume manufacturing and distribution business from Clarins, involving a complex pre-closing carve-out of the perfume business and complex post-closing reorganisation.
  • Advised AXA Investment Managers on the sale of a new pan-European logistic real estate fund, acquiring an existing portfolio of logistic assets of more than €1bn located in France, Germany, Poland, Belgium, The Netherlands and Spain, including advice on the tax structuring and the negotiation of the tax aspects of the transaction documentation.

Darrois Villey Maillot Brochier

Darrois Villey Maillot Brochier has one of the market’s most renowned teams for complex M&A and property tax structuring. The practice often advises on the tax structuring of M&A transactions managed by the firm, which are regularly among the market’s most strategic and high profile deals, including listed transactions. It notably assisted Bouygues with the €1bn sale of Alstom shares. The team also runs a stand-alone tax property practice of high-level. Many leading Anglo-Saxon investors turn to the practice for large logistic portfolio transactions. Vincent Agulhon, Loïc Védie and Alain Maillot co-head the practice. Associate Sophie Pagès also contributes.

Practice head(s):

Vincent Agulhon; Loïc Vedie; Alain Maillot

Key clients


Banijay Group

Banques des Territoires (Caisse des dépôts et consignations)





British Steel





Fondation Nationale des Sciences Politiques (Sciences Po)

Inmobiliare Colonial



La Redoute

Les Petits Chaperons Rouges LPCR

LOV Group

Malakoff Mederic

Northwood Investors


Roquette Frères



Work highlights

  • Advised Bouygues in connection with the sale of €1,079m worth of Alstom shares
  • Advised Banque des Territoires (Caisse des dépôts et consignations) on the signing of an agreement under the terms of which Banque des Territoires and Groupama acquired 22% and 18% respectively of the capital of Predica Energies Durables (PED), a subsidiary of Crédit Agricole Assurances.
  • Advised Blackstone on the acquisition of a portfolio of 22 industrial assets operated by the Elis group.

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei is widely recognised as the market’s go-to-firm for property tax work, in line with the firm’s stellar reputation in the real estate sector. The tax team, which advises on the tax structuring of property transactions handled by the firm, assists many leading property funds and developers with the tax aspects of their largest property investment projects. In the group's impressive caseload are the structurings of most of the market’s recent landmark office, retail, residential, hotel asset and portfolio transactions. The practice notably advised on the sale of Engie’s zero-carbon emission future global head office. Practice head Emmanuel Chauve and Alexandre Blestel are superstars in their field. The large team also has strong abilities in other areas, particularly in private equity thanks to the excellent Priscilla van den Perre. The transactional tax practice was strengthened in 2020 following the arrivals of Anne-Laure Drouet (ex Ernst & Young Société d'Avocats) and counsel Arthur Leclerc (ex senior manager at Ernst & Young Société d'Avocats). Nadine Gelli joined Kirkland & Ellis LLP in January 2020.

Practice head(s):

Emmanuel Chauve

Other key lawyers:

Alexandre Blestel; Priscilla van den Perre; Anne-Laure Drouet; Arthur Leclerc

Key clients


















Work highlights

  • Advising Nexity and Engie on the sale ‘on plan’ to Swiss Life Asset Managers France of the future global head office of ENGIE.
  • Advising Apollo Global Management LLC on the acquisition from Casino of a portfolio of 32 assets under the name Géant Casino, Monoprix and Casino Supermarchés
  • Advising Siparex and EMZ Partners on the acquisition of a majority stake in the capital of French transport group Jacky Perrenot.

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

Gide Loyrette Nouel A.A.R.P.I.‘s highly experienced team excels in transactional tax matters. The team is often involved alongside the firm’s corporate practice to advise on the structuring of large M&A and private equity deals, for example in a number of recent matters for leading investment funds or their management regarding the market’s largest private equity transactions. The practice is also highly regarded for its high-level property tax expertise which fits well with the market’s largest investment and other strategic property deals handled by the firm, such as the landmark Arboretum campus project. In addition, the practice handles various fund structuring work and is able to deal with high-stakes litigation. Key names in the team include Laurent ModaveMagali BuchertOlivier Dauchez and Bertrand Jouanneau. Also highly involved are counsels Alexandre Bochu and Brian Martin.

Other key lawyers:

Laurent Modave; Magali Buchert; Olivier Dauchez; Bertrand Jouanneau

Key clients

Amundi Immobilier

Ivanohé Cambridge


Casino Group

Paris Inn



Omnes Capital

Bouwinvest Real Estate Investors

Groupe Bruxelles Lambert

Pernod Ricard




Foncière Atland





Five Arrows Principal Investment


Atland Voisin

Fnac Darty

Jefferies International Ltd

Baron Philippe de Rothschild


Tikehau Capital


Société Foncière Lyonnaise

Regie Immobiliere de la Ville de Paris

Brunei Investment Agency

Work highlights

  • Advised the Belgian holding company Groupe Bruxelles Lambert (GBL) on exclusive negotiations for the acquisition of Webhelp group.
  • Advised ICAWOOD on the launch of the ‘Arboretum’ project along with WO2 and BNP Paribas Real Estate.
  • Advised Casino Group on the sale of twelve Géant Casino hypermarkets and 19 Monoprix and Casino Supermarchés supermarket stores, valued at €465m.

KPMG Avocats, France

Launched in January 2019 by Big Four accounting firm KPMG, KPMG Avocats, France has quickly become a powerhouse on the market. It has its main office in Paris in addition to a large regional network with about 20 implantations located in France’s main cities. Over the course of 2019, the firm hired a large workforce of more than 200 tax experts, many of them very experienced and joining from top firms, including a high number coming primarily from FIDAL, but also from Deloitte Legal, Taj, Ernst & Young Société d'Avocats and CMS among others. The firm advises many leading French and international companies as well as SMEs. While the practice focuses on delivering full-service tax expertise, its strong transactional structuring and due diligence real estate, M&A and private equity expertise should be highlighted – it recently advised on the structuring of several landmark transactions. Leading companies also rely on the firm for its strong international tax expertise and global platform. The transfer pricing expertis, customs tax, indirect tax and mobility services expertise are otherkey areas. Recently, the firm assisted several leading technology platforms in dealing with highly sensitive tax dawn raid and litigation. The tax practice is co-headed by Mustapha Oussedrat and Christophe Bergerot. Other key partners include: Sophie Fournier-Dedoyard, Mathieu Gautier, Xavier Houard, Vincent Lacombe, Frédéric Martineau, Laurence Mazevet, Cédric Philibert and Jérome Talleux for transactional and corporate tax; as well as Patrick Seroin Joly, who heads the international tax practice; Audrey-Laure Illouz for international tax issues; Jean-Etienne Chatelon for real estate tax transactions; Olivier Kiet and Elfie Ossard-Quintaine for transfer pricing work; Stéphane Chasseloup and Ruth Guerra for customs tax issues; as well as Philippe Breton, Laurent Chetcuti and Arnaud Moraine for indirect tax; and Laurent Monnet, who leads the social and solidarity economy practice.

Practice head(s):

Mustapha Oussedrat; Christophe Bergerot

Other key lawyers:

Sophie Fournier-Dedoyard; Mathieu Gautier; Xavier Houard; Vincent Lacombe; Frédéric Martineau; Laurence Mazevet; Cédric Philibert; Jérome Talleux; Patrick Seroin Joly; Audrey-Laure Illouz; Jean-Etienne Chatelon; Olivier Kiet; Elfie Ossard-Quintaine; Stéphane Chasseloup; Ruth Guerra; Philippe Breton; Laurent Chetcuti; Arnaud Moraine; Laurent Monnet


‘Strong capabilities, knowledge and communication skills.’

‘The customs tax team has large resources and is extremely available and demonstrates very efficient expertise when facing customs tax officers. Stéphane Chasseloup and Ruth Guerra both have an excellent reputation.’

‘Vincent Lacombe and Yacine Nedjahi’s team is highly knowledgeable in international tax.’

Work highlights

  • Advised Goldman Sachs on the €1,9bn acquisition of B&B Hotels from PAI Partners.
  • Assisted Cobepa with its entry into the capital of Socotec alongside Clayton Dubilier & Rice (CD&R).
  • Advised the Abu Dhabi sovereign wealth fund Mubadala on its minority investment in the leisure parks group Looping.

Latham & Watkins

Latham & Watkins offers high-level transactional tax expertise. The tax team advises leading corporations, investment funds and banks on the structuring of top-end M&A, private equity and finance transactions led by the firm. Recently, the group was active in a high number of high-profile transactions involving listed and non-listed companies, including Atos' sale of its €1.2bn Worldline shares. The practice also worked on several of the market’s largest LBO transactions in 2019 and 2020 and assists with major financing transactions, including high-yield bond issuances. Practice head  Xavier Renard and Olivia Rauch-Ravisé are highly recommended.

Practice head(s):

Xavier Renard

Other key lawyers:

Olivia Rauch-Ravisé


‘Expertise, availability, support.’

‘Olivia Rauch-Ravisé is solution-driven.’

‘Extremely competent and smart. A true international reach and experience.  Pragmatic. Business-oriented. No ego. Open-minded.’

‘Good-sized team specialising in French and international taxation.’

‘Maître Xavier Renard is a great professional recognised by his peers.’

Key clients




Bank of Ireland

Barclays Bank Plc

BNP Paribas


Credit Agricole Corporate and Investment Bank

Crédit Industriel et Commercial

HSBC France


ING Bank N.V.,

Groupe Casino


Mainstay Medical


Platinum Equity

PSP Investment

Sumitomo Mitsui Banking Corporation Europe Limited




Work highlights

  • Advised Atos on its €1,23bn sale of Worldline shares.
  • Advised Bridgepoint on its €1,3bn acquisition of a majority stake in Financiere CEP.
  • Advised Total S.A. on the issuance of SEC registered public $4bn fixed rate notes by Total Capital International, a subsidiary of TOTAL.


Linklaters' team impresses with its high-level transactional expertise. Acting alongside the firm’s corporate and financing team, the tax practice assists with the structuring of large listed and non-listed M&A transactions. It was recently involved in several of the market’s largest transactions in the private equity field, for example GBL's €2.4bn acquisition of a majority stake in Webhelp. The practice also handles a high amount of work in the project sector and is heavily involved in major domestic renewables matters. The practice is also entrusted with stand-alone tax work and notably assisted a bank with its reorganisation in view of Brexit. Edouard Chapellier leads the team which also includes Cyril Boussion.

Practice head(s):

Edouard Chapellier

Other key lawyers:

Cyril Boussion


‘The team led by Cyril Boussion is of very high quality, very available. Beyond purely technical skills, the team displays excellent knowledge of market practices. The team is well aware of our expectations, our constraints and adapts very easily to them.’

‘Cyril Boussion is an excellent technician, an excellent negotiator and an extremely pleasant person to work with.’

‘The team is up to date with all developments in tax legislation. Partners keep an overview of the business aspects of a project and are solution-oriented.’

‘The team is able to explain and simplify very complex subjects and implement the results of their work on specific projects.’

Key clients

Tenergie SAS

Montagu Private Equity

Silgan Holdings Inc.


Octopus Renewables

Groupe Bruxelles Lambert S.A.

EDF Energies Nouvelles SA


Argos Wityu SAS



OVH Groupe SAS

Lecta Group

Work highlights

  • Advised ENGIE on the agreement with EDPR to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind.
  • Advised GBL on the acquisition of Webhelp from KKR for €2.4bn.
  • Advised Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid packaging for consumer goods products, on the acquisition of Albea’s dispensing business for $900m.

Mayer Brown

Mayer Brown runs a prominent tax practice which is particularly well known for its leading private equity expertise. Often acting alongside the corporate practice, the team assists many high-profile private equity funds involved in the market’s largest LBO transactions. It recently advised Sagard on the €4.6bn sale of its existing interest in Ceva Santé Animale. The practice is also a reference for assisting management teams and members in the private equity sector and is increasingly visible in non-listed and listed M&A transactions for French clients. Finally, the team handles a good amount of tax reassessment litigation, often in connection with LBO transactions. The highly regarded Laurent Borey heads the team. The excellent Benjamin HomoChristopher Lalloz, who focuses particularly on litigation work, Olivier Parawan, who regularly handles property tax work, and Elodie Deschamps are other key members. Nicolas Danan and Rémy Bonnaud made counsel in January 2020 and 2021 respectively.

Practice head(s):

Laurent Borey

Other key lawyers:

Benjamin Homo; Christopher Lalloz; Olivier Parawan; Elodie Deschamps


‘The Mayer Brown team is very professional and very competent. It knows its subject perfectly, is very creative and a real business partner. The relationship is simple and efficient, the team is  dedicated and heavily invested. In my opinion, it’s an exceptional firm.’

‘Laurent Borey and his team always look for the most favourable and optimised solution. They are very aware of changes in doctrine or tax case law and integrate them into their recommendations. Their offer is different from other firms because they understand the challenges of a company and its management.’

‘Extremely good knowledge of the private equity market.’

‘Laurent Borey is an outstanding tax lawyer, both very knowledgeable and creative.’

Key clients







LBO France

Mediawan and its founders

Montefiore Investment

Qualium Investissement






Work highlights

  • Mayer Brown advised Webhelp group, its founders and its management on the structuring aspects of the €2.4bn sale by KKR of its group’s shares to Groupe Bruxelles Lambert (GBL).
  • Advised SFR FTTH, a joint venture between Altice France and a consortium formed by Allianz Capital Partners, Axa Investment Managers and OMERS Infrastructure, on the structuring aspects of its €1,4bn acquisition of the Covage group.
  • Advised CVC on its $200m Series B investment into EcoVadis SAS.

Pwc Société d'Avocats

PricewaterhouseCoopers International member, Pwc Société d'Avocats fields an impressively large team, based mostly in Paris office, but also in the firm’s regional offices. The firm is able to provide a comprehensive range of expertise, spanning notably corporate and transactional tax, international taxation, transfer pricing, indirect taxes and tax controversies. It advises many of France's and the world’s largest companies and investment funds. In the transactional tax area, the firm has a dominant presence in the private equity sector, but also acts on major M&A tax work. It recently advised on the due diligence and structuring of most of the market’s largest LBO transactions, such as the Galileo Global Education and Babilou deals. In the litigation sphere, the practice is also handling a series of highly strategic cases on behalf of leading corporations; encompassing tax audits and controversies and a number of cases dealing with abus de droit or raising key legal issues in term of EU law compliance. The firm has developed a comprehensive set of IT and data analysis tools which are being used in various tax areas including for litigation. Key names in the practice include managing partner Loic Le Claire, transactional tax experts Anne-Valérie Attias-Assouline, Jean-Philippe BrilletMarc-Olivier Roux  and Katia Gruzdova, as well as Catherine Cassan, who handles high-profile litigation and corporate tax specialist Hélène Rives.

Practice head(s):

Loïc Le Claire; Guillaume Glon; Virginie Louvel; Jean-Philippe Brillet; Emmanuelle Veras; Olivier Dussarat

Other key lawyers:

Anne-Valérie Attias-Assouline; Marc-Olivier Roux; Katia Gruzdova; Catherine Cassan; Hélène Rives


Ability to understand customer expectations; high availability and responsiveness.’

‘Very good responsiveness, expertise; strong support in complex and international projects; a reliable international network.’

‘Hélène Rives and her team are particularly attentive to our group and provide us with new ideas. The whole team also excels at a technical level.’

‘Professional, competent, available, attentive to our needs and anxious to meet them.’

‘Loïc Le Claire is recommended for his availability, his commitment to find concrete solutions to complex questions or to support us on various subjects. Fabien Fontaine shows great professionalism, competence, and provides quality analyses.’

Work highlights

  • Advised CPP Investment Board on tax structuring and tax due diligence in relation with the acquisition of Galileo Global Education.
  • Advised Antin Infrastructure Partners on the tax structuring and tax due diligence in relation to the acquisition of Babilou.
  • Advised Warburg Pincos on tax structuring and tax due diligence in relation to the acquisition of Polyplus Transfection, a developer of innovative and cost-effective technology used in gene and cell therapy.

Shearman & Sterling LLP

Shearman & Sterling LLP’s team handles a varied caseload, both as a stand-alone practice or complementing the M&A, private equity, financing, capital markets and international arbitration departments. The practice advises leading private equity funds and leading corporations as well as banks. It recently advised on many large transactions, including assisting Verallia with its high-profile €3.5bn IPO. It also worked on a complex structuring matter for Lyon’s Chamber of Commerce mixing public and private law tax issues. Increasingly the practice assists clients with tax audits and handles tax-related litigation. Practice head Niels Dejean, counsel Anne-Sophie Maes and associate Charles Filleux-Pommerol are highly recommended.

Practice head(s):

Niels Dejean

Other key lawyers:

Anne-Sophie Maes; Charles Filleux-Pommerol


‘A team of experts provide high added value. Niels Dejean and Anne-Sophie Maes are remarkable individuals from both a professional and human perspective. They are true partners.’

‘Top notch service on the technical side (strong technical advice, very granular work). Good value for money.’

‘Niels Dejean. Very technical, very granular, very strong advice.’

‘Excellent in their field of expertise. The team is always available and responsive and their advice is really at the very high end of the range in the Paris and French market.’

‘Niels Dejean is one of the rare tax partners on the French market who is a very strong and solid tax expert with a very good experience regarding legal aspects and company law. Anna-Sophie Maes is also a strong tax expert.’

Key clients


Coca Cola


Trail Capital



CCI Lyon

Schneider Electric

Société Générale



Work highlights

  • Advised LBO France on the tax aspects of the acquisition of majority shareholding in Dutscher group.
  • Advised ALD Automotive in connection with the creation of a joint venture with Ford dedicated to provide new integrated fleet leasing and management solutions across Europe under the name of Ford Fleet Management.
  • Advised Verallia on the tax aspects of the IPO and the pre-IPO restructurings as well as on the employee offerings issues triggered by the IPO.


Arsene ranks among France’s leading independent tax boutiques. The firm has a very deep bench of practitioners and is able to offer the full range of transactional and advisory expertise, including corporate tax, transfer pricing and VAT matters. The firm is regularly involved in large LBO, M&A and property transactions. It notably assisted Laboratoire Filorga with its acquisition by Colgate-Palmolive. Managing partner Denis Andres is highly recommended, as is Frédéric Donnedieu de Vabres. Other key names include Alexandre Rocchi and Brice Picard in corporate tax, as well as François LugandFranck Llinas and Stéphanie Hamis for real estate tax. Antoine Glaize heads the firm’s transfer pricing team as well as Taxand’s global transfer pricing and business restructuring practice. VAT expert Nathalie Habibou made partner in January 2020.

Practice head(s):

Denis Andres


‘Patrice Corbin de Grandchamp’s and Alain Recoules’s precise knowledge make them both essential partners.’

‘I am very satisfied with their services. The people at Arsene with whom I work are innovative and responsive.’

Key clients





















Work highlights

  • Advised Kiloutou on the tax aspects of the refinancing of a loan with a new dual tranche of €820m high-yield bond.
  • Advised Laboratoire Filorga on the equity purchase transaction by Colgate-Palmolive.
  • Advised GIC on the acquisition of the asset PB6 Tower in La Défense.

Ashurst LLP

Headed by Emmanuelle Pontnau-Faure, Ashurst LLP’s team focuses on transactional tax. The tax team provides key assistance to the real estate, finance, ECM and corporate practice with the structuring of their transactions. The practice notably has solid property tax expertise and was recently involved in the structuring of major logistics, office and energy asset transactions, including the acquisition and financing of a major tower in Paris - La Défense. The team was recently also busy in debt capital markets work.

Practice head(s):

Emmanuelle Pontnau-Faure


‘Emmanuelle Pontnau-Faure and Solene Guyon are responsive and very experienced.’

‘Always available and a very competent team.’

Key clients


Omnes Capital

CVC Crédit

Blackrock Credit


LGT Private Debt France

Crédit Agricole Assurances


Work highlights

  • Advised Knight Frank Investment Management on the €450m acquisition of a portfolio of three warehouses in France, UK and Spain operated by Amazon.
  • Advise Dexia on the secured notes of up to €68bn issued by the States of France and Belgium – USNTM (up to $20bn) and ENTM (up to €45bn).
  • Advised BGC on the intragroup reorganisation in view to operate in Europe post Brexit.

Dechert LLP

Under the leadership of Sabina ComisDechert LLP's team assists some of the world’s most prestigious private equity funds on their most high-profile work, spanning LBOs and asset management matters. The practice was recently involved in several of the market’s jumbo LBO transactions, including KKR's €3bn landmark acquisition of Elsan Group. The practice also assists clients with the structuring of carried interest and new fund structuring. Senior associate  Etienne Bimbeau also deserves a mention.

Practice head(s):

Sabina Comis

Other key lawyers:

Etienne Bimbeau


‘Second to none knowledge of the private equity industry.’

‘High availability and quality of advice.’

‘Very strong technical expertise, very strong commitment and very good personal approach.’

‘Sabina Comis and Etienne Bimbeau have a direct approach and the ability to make complex things simple. Their biggest assets is their great technical expertise.’

‘Think-ahead attitude and solution-oriented.’

‘Strong involvement and ability to work in an international environment; high availability and efficient communication.’

‘Competence, availability, efficiency and pragmatism!’

‘Sabina Comis is always available and Etienne Bimbeau is also very responsive. Sabina is very sharp in tax law and also has a  good business understanding.’

‘Strong proactivity and in-depth technical advice. The team is dedicated to its clients, extremely reactive and creative.’

‘Sabina Comis has shown outstanding commitment, hard work and provided very sharp advice avoiding tricky situations. She is creative and has very strong negotiating skills. She is always putting her clients first in defending their interests.’

‘Fully dedicated, highly professional, fully reliable; the tax team is outstanding. Their knowledge of the market and their technicity make them unique among the law firms.’

‘Sabina Comis’ knowledge is more than a plus. Together with her knowledge of the industry, it makes her a unique tax adviser. We also work with Etienne Bimbeau, who is excellent.’

‘Exceptional knowledge of tax law in France and in Europe, with wide access to resources, and a clear business sense to present facts in a balanced way; clear recommendations or arguments to help clients make a clear decision.’

‘Sabina Comis is widely recognised as the best in her field: advice on tax structuring for private equity firms in France. She also is well balanced in her recommendations, advising against excessive risk. Etienne Bimbeau is excellent as well.’

‘We are impressed by the technical quality and depth of analysis of this team. We particularly appreciate the responsiveness and availability of the main partner Sabina Comis who has built a quality team around her and shared her vision of the profession.’

‘Sabina Comis and her staff combine a perfect mastery of related disciplines, namely fund creation and taxation, unique expertise on the French market – this is a major asset for us.’

Key clients



Compagnie du Ponant

Mérieux Equity Partners


Groupe Artemis – Financière Pinault

Blisce – Alexandre Mars

Rothschild Martin Maurel

Edmond de Rothschild Private Equity (France)

Johnson & Johnson

17 Capital


Work highlights

  • Advised Kohlberg Kravis Roberts (KKR) on the leveraged buy-out tax structuring of the acquisition of Elsan group from CVC Partners.
  • Advised ArchiMed on the partial sale of Polyplus-transfection to Warburg Pincus as well as on its reinvestment, alongside Warburg Pincus, in the Polyplus group.
  • Advised Mérieux Equity Partners in connection with the fifth LBO on Ceva Santé Animal.

Deloitte | Taj

Deloitte | Taj is a powerhouse in the tax field, offering an very large team capable of providing the full range of tax services, such as transactional tax, international tax and transfer pricing, indirect tax, R&D and tax controversy expertise. The firm regularly advises leading investment funds on due diligence and tax structuring work pertaining to large private equity transactions. Key names in the practice include managing partner Sophie Blégent-Delapille; Arnaud Mourier, who leads the M&A tax practice; Grégoire de Vogüé, who manages the transfer pricing practice, the head of the corporate tax department Thomas Perrin; Vanessa Irigoyen, the key name for indirect tax; and Christina Melady, who manages the global employer services practice.

Practice head(s):

Sophie Blégent-Delapille; Thomas Perrin; Vanessa Irigoyen; Christina Melady

Other key lawyers:

Arnaud Mourier

Key clients




Kyocera Document Solutions Inc.

FCA Bank



The Anticip Group

Invesco Real Estate

Work highlights

  • Advised Eurofiber on its acquisiton in a build-up context of French fibre operator Eurafibre with a view to expand their operations on the French market.
  • Advised Cinven on the acquisition from Apax of INSEEC University, an international group of prestigious schools with over 25,000 students.
  • Advised KKR on tax vendor due diligence following GBL’s win of the auction for Webhelp and its replacement of KKR as a shareholder of the company.


Dentons' large team is able to cover a wide range of issues. The practice has strong transactional expertise and assists leading corporations, funds and insurers with the structuring of mid-sized to large M&A, private equity and property deals. The team notably advised on the structuring of a landmark listed M&A transaction in 2020 and assisted a leading private equity fund with a jumbo LBO. Following the Covid-19 crisis, the activity of the team shifted towards advising companies on major tax restructuring, distressed M&A and transfer pricing issues. It has also been highly solicited by a UK and Irish client base to advise on Brexit issues. Litigation is also dealt with. The practice is headed by Gianluca Calisti and also includes the highly recommended Sandra Hazan and Jessie Gaston, as well as of counsel Jérôme Le Berre and Julien Le Guyader.

Practice head(s):

Gianluca Calisti

Other key lawyers:

Sandra Hazan; Jessie Gaston; Jérôme Le Berre; Julien Le Guyader


‘The advice is efficient, pragmatic and we can rely on Dentons’ understanding of the warranty and indemnity process. The team is also able to deliver on tough timetables.’

 ‘Jessie Gaston is pragmatic, responsive and dependable.’

‘Jessie Gaston is a sound tax lawyer who understands our needs well, is on top of market developments and is always approachable. Her communication skills are outstanding, alongside her language capabilities (perfectly proficient in English, French and Spanish).’

‘Sandra Hazan stands out. She is a great professional, with high dedication to clients, open to partnerships and innovation. Also a great person on a personal basis.’

Key clients

Intermarché / ITM Entreprises


Maybourne Hotels

Tokio Marine HCC



Liberty Mutual

Essling Expansion


Bouygues Immobilier

Al Duwaliya

Deka Immobilien

MHC/Croe Suisse

LRC Goup


Pechel Industries

Katara Hospitality


Groupe Foncière du Rond-Point


Work highlights

  • Advised Maybourne hotels on the structuring of its joint venture participation in the Vista Palace Hotel (€220m).
  • Assisting ITM group (Intermarché) on the review of its global transfer pricing policy and the drafting of the related transfer pricing documentation (master file and local files).
  • Assisting MHC with a successfully fought dispute which led to landmark ruling in favour of CROE SUISSE on valuation assets disposal by corporations.

DLA Piper

DLA Piper has a strong and experienced team with in-depth expertise in the private equity sector, mainly acting for private equity funds. It is one of the market’s most qualified teams to advise on the structuring of large to jumbo-size funds. In the transactional field, the tax team works hand-in-hand with the corporate practice to advise investment funds or management teams on mid-and large-cap deals. Finally, the practice has strong property tax expertise, sought after by leading players such as Axa REIM, Real IS and AEW. Fanny Combourieu directs the practice which includes the highly regarded senior counsel Sylvie Vansteenkiste and Raphaël Béra. Counsel Gwenaël Kropfinger also deserves a mention.

Practice head(s):

Fanny Combourieu

Other key lawyers:

Sylvie Vansteenkiste; Raphaël Béra


Thanks to its multi-disciplinary approach, DLA Piper was able to offer us full support.’

‘Top rate knowledge of the tax environment in the private equity industry. Deep insight of how the regulations have evolved over the years gives the DLA tax team a lot of value.’

‘Raphaël Béra delivers high-value advice:  He is very knowledgeable.’

Key clients

21 Invest


Access Capital Partners






Andera Partners

Antin Infrastructure Partners

Apax Partners



Artémis/Financière Pinault




BlackFin Capital Partners

BNP Paribas Agility Capital



Cain International


Cathay Capital



Eurazeo PME


Harbert Management Corporation

Impact Partners

Jasmin Capital

Kepler Cheuvreux IFE

LBO France

MML Capital Partners




PAI Partners

Pierre Fabre

Real IS

Rothschild & Co (Five Arrows)


Société Générale


Sparring Capital




Work highlights

  • Advising The Carlyle Group in the context of its investment in the Euro Techno Com Group (the ETC Group).
  • Advising Real IS in the context of the acquisition by their Real Estate fund BGV VII Europa of a real estate complex composed of three office buildings, located in Lyon (Quai Perrache – Convergence buildings).
  • Advised Antin Infrastructure Partners in connection with the structuring of Antin Infrastructure Partners IV for €6.5bn.

Ernst & Young Société d'Avocats

Ernst & Young Société d'Avocats has outstanding tax resources with a very large team. The firm is able to provide the full range of expertise; spanning corporate and transactional tax, international tax and transfer pricing, as well as indirect tax and tax technology transformation issues. In the field of transactional tax, the group fields a high-level practice involving due diligence matters and assistance with the structuring of many of the market’s largest private equity and M&A transactions. Key names in the practice include managing partner Lionel Benant, Cédric Devouges, Matthieu Autret and Benjamin Pique for transactional tax work; Eric Verron, who heads the international tax services department; Xavier Dange, who is in charge of business tax services practice, Benoit Gabelle, who co-heads the transfer pricing practice; Gwenaelle Bernier, who chairs the tax technology and transformation practice; and Jean-David Vasseur  who manages the indirect tax practice. Anne-Laure Drouet joined De Pardieu Brocas Maffei in January 2020.

Practice head(s):

Lionel Benant; Cédric Devouges; Matthieu Autret; Eric Verron; Xavier Dange; Benoit Gabelle; Gwenaelle Bernier; Jean-David Vasseur

Key clients




BC Partners

Cap Gemini

CVC Capital Partners




PAI Partners

Pernod Ricard




Work highlights

  • Advised AccorInvest on the tax aspects of the acquisition of Orbis Group for €1.1bn.
  • Advised Astorg on the tax aspects of the acquisition of eRT for €4bn.  
  • Advised CVC Capital Partners on the tax aspects of the acquisition of Linde and Praxair for €3.3bn.

Gibson Dunn

Gibson Dunn has a strong focus on advising leading investment funds and companies on complex transactional tax issues. The practice was recently involved in significant M&A and private equity transactions, but has lately also been particularly solicited to handle, alongside the firm’s leading restructuring and insolvency practice, the tax aspects of high-profile debt restructuring files such as Solocal and Technicolor. The practice also advises on property tax issues, including related litigation. The leading duo consists of the highly recommended Jérôme Delaurière and strong corporate and tax partner Ariel Harroch.

Practice head(s):

Jérôme Delaurière; Ariel Harroch

Key clients

Groupe La Poste / Docaposte

RedBird Capital Partners, LLC

Banque Française Mutualiste


Hologic, Inc.

Bpifrance Investissement

Ad Hoc Group of Secured Lenders to Technicolor

Eaton Corporation


Ah Hoc Group of Secured Lenders to CNIM

Work highlights

  • Advising SoLocal, a Euronext Paris-listed company specialising in advertising and digital marketing, on its debt/equity restructuring.
  • Advising RedBird Capital Partners on its acquisition of a majority stake in Toulouse Football Club.
  • Advising the creditors, an ad hoc group of secured lenders, in connection with the formulation, negotiation, and implementation of the restructuring of the liabilities of Technicolor S.A. and its affiliates.


Goodwin is home to one of France’s most sought after practices for private equity deals and fund structuring work. The team advises leading funds on major mid-market LBO and growth capital investment deals led by the firm, including the structuring and fundraising of large to jumbo-size equity and debt funds, benefiting from the firm’s strong international network. Following new partner hires made by the firm in the property and insolvency and debt restructuring fields, the tax practice recently extended its field of intervention to those new areas. The highly regarded Marie-Laure Bruneel leads the practice. Charles-Henri de Gouvion Saint-Cyr is the other key member.

Practice head(s):

Marie-Laure Bruneel

Other key lawyers:

Charles-Henri de Gouvion Saint-Cyr


‘Marie-Laure Bruneel has solid expertise and was able to deal with all the very specific questions asked.’

‘Marie-Laure Bruneel is very professional and knows our business very well. She also knows how to be available to help us whenever we need her services.’

‘An ability to transform the complex matters into simple things without making dangerous shortcuts. A good didactic approach and the validation of each statement by documentary research is very reassuring.’

‘Responsive team; very good technical level; available.’

‘Marie-Laure Bruneel is very responsive and takes a stand on questions submitted. She is also open to sharing her knowledge.’

Key clients

Ace Management


Ares Management Corporation

Andera Partners


Committed Advisors

EMZ Partners

Equistone Partners Europe


Hayfin Capital Management


Jeito Capital

Keensight Capital

LFPI Gestion

Lion Capital

NiXEN Partners

Parquest Capital

Work highlights

  • Advised Equistone Partners Europe on complex tax structuring in the context of the LBO acquisition of Sateco from French Private Equity firm Naxicap Partners.
  • Advised Hayfin on the tax aspects of the unitranche refinancing of the Interflora group, a French flower retailing chain backed by Private Equity firms LFPI and Montefiore since 2015.
  • Advised LFPI Group on the tax aspects of the context of the combination of Eductive, a French private higher and professional education service provider, and Réseau GES group, the France-based higher education network.

Herbert Smith Freehills LLP

Herbert Smith Freehills LLP‘s practice has a strong focus on M&A tax work. The group advises on the due diligence and structuring aspects of transactions alongside the corporate team, with recent work including several large transactions, including Capgemini €5bn’s tender offer on Altran Technologies's share capital. The tax team is also highly involved alongside the firm’s finance department to assist with tax acquisition and project finance as well as securitisation transactions. Finally, the team is very proficient in tax property law and has developed singular expertise in tax audit issues in Africa. Practice head Bruno Knadjian is strongly recommended.

Practice head(s):

Bruno Knadjian


‘The hands-on approach and availability of the practice’s team members allow you to understand and feel comfortable with not so common tax topics at either local or international level.’

‘Proactivity, swift feedback and reliability; Bruno Knadjian provides them all.’

‘Bruno Knadjian answers in an exhaustive, precise and qualified way. He is very comfortable with real estate tax structures in France.’

‘Bruno Knadjian has a great general tax culture, but he is also a ‘business lawyer’, which is not common in the world of taxation. He is flexible in his analyses, adapts and understands the commercial issues of a file immediately and has remarkable synthesis skills.’

‘Bruno Knadjian and his team find solutions. They assess the risks, but allow clients to achieve demanding objectives with rigour and great technicality.’

‘Bruno Knadjian is an extremely practical lawyer who listens and  understandsproblems in all their aspects and implications. He has rigorous technique and makes it possible to solve challenges in an efficient way. There is magic in this team and particularly in Bruno.’

Key clients

Air Liquide

Altran Technologies


Cellnex Telecom


Green Investment Group

Groupe SEB

La Française Real Estate

MCA Group

Oracle France


Work highlights

  • Advised Altran Technologies as part of the friendly tender offer initiated by Capgemini on 100% of its share capital and voting rights, including assistance with the tax aspects.
  • Advised Spanish company Cellnex Telecom, Europe’s leading operator of wireless telecommunications infrastructure, on its €4bn acquisition of Iliad’s telecom towers in France, Switzerland and Italy.
  • Advised ENGIE group on its acquisition of Renvico group, which develops and operates wind farms in France and Italy, including on the tax aspects.

Hogan Lovells (Paris) LLP

Hogan Lovells (Paris) LLP ’s practice is a safe bet for transactional tax work. The tax team, which often collaborates with the corporate, finance and real estate departments, advises on the full whole range of transactions; spanning M&A, private equity, finance and property deals. It is regularly involved in cross-border transactions and acts for leading French and international corporations and investment funds, as well as top French banks. Xenia Legendre heads the practice, which also includes key member Ludovic Geneston. Counsel Laurent Ragot also deserves a mention. At the end of 2020 the team welcomed new counsel Thomas Claudel, formerly an associate at Latham & Watkins .

Practice head(s):

Xenia Legendre

Other key lawyers:

Ludovic Geneston; Laurent Ragot


‘The tax team is very available and very responsive. It demonstrates a strong ability to adapt to the environment and clients’ constraints, regardless of the size of the client’s structure.’

Key clients

Activa Capital

Akiem Group

Andera Partners

Apax Partners Development

Azulis Capital

BNP Paribas

Cathay Capital

Chequers Partenaires

Crédit Agricole CIB

Crédit Industriel et Commercial

Crédit Lyonnais

Groupe ADP

Groupe Bardot


JP Morgan

MBO Partenaires

Opel Vauxhall Finance and BNP Paribas

Work highlights

  • Advised Bardot Group in relation to the signing of an agreement with La Réunion’s University Hospital for the installation of SWAC (Sea Water Air Conditioning) by 2023.
  • Advised Akiem Group, European leader in locomotive leasing, on the acquisition of Macquarie Europe Rail’s rolling stock leasing business, including 137 locomotives, 110 carriages and 46 trains.
  • Advised Groupe ADP regarding a share purchase agreement to acquire a 49% stake in GMR Airports, a major Indian airport group.

Kirkland & Ellis LLP

Launched in April 2019, Kirkland & Ellis LLP ’s Paris office hired Nadine Gelli from De Pardieu Brocas Maffei in early 2020 to provide the corporate practice with complementary tax expertise. The US firm’s Paris office activity is entirely focused on private equity and is entrusted by leading investment funds. The tax team advises on leading transactions led by the firm and the Paris corporate practice, working on large transactions, including several of the market’s largest recent deals such as Continental Grain Company's investment in Ceva Santé Animale, France’s largest buy-out since 2005. The tax team also has extensive experience in major debt restructuring work. Senior associate Sonia Bouaffassa provides key support.

Practice head(s):

Nadine Gelli

Other key lawyers:

Sonia Bouaffassa


‘The team is experienced in restructuring, particularly in an international context, responsive and pleasant.’

‘Nadine Gelli and Sonia Bouafassa are expert in tax matters, but take into account other key areas in the context of a transaction. I appreciate that they are not only focused on tax matters.’

‘Practical help and support (not just theoretical), a hands-on approach and reactivity are the key qualities I expect from a tax practitioner and this is what I found with Nadine Gelli within the tax team of Kirkland & Ellis. She is capable of delivering results in the most efficient way with an incomparable sense of proactivity. It’s like she’s part of our team! We feel secure when she is on board. I have learnt a lot with Nadine since she is always keen to provide explanations easy to get for non-tax practitioners, while dealing with complex topics.’

‘Nadine Gelli is, in my view, one of the best tax practitioners in her field in Europe. Her proactivity and her hands-on approach are outstanding. With Nadine, I know the work will move on and the result will be there. Working with Nadine, you could believe that the most complex tax topics are in fact easy to tackle.’

‘Nadine Gelli has wonderful interpersonal skills, good knowledge of our underlying assets, great availability, responsiveness, sound advice with clear and very precise answers.’

‘Creativity, responsiveness.’

‘Always looking for alternative solutions that can satisfy all parties.’

‘Nadine Gelli’s tax practice is sophisticated. She treats all tax issues in an excellent way.’

‘Nadine Gelli and her team are client-oriented, deal with subjects in a pragmatic way and take into account the operational constraints of the company. They are responsive and provide tailor-made answers.’

‘Nadine Gelli is very attentive to her clients’ needs, keeps them well informed and is very capable of explaining issues in a manner to allow efficient client decision-making.’

‘Very strong tax skills and a strong ability to quickly catch the internal dynamic in order to deliver high-end and customised services.’

‘Nadine Gelli is a hands-on partner who really tries to understand clients’ concerns to better defend their interests. She has extensive expertise in international and French taxes, bringing high added value to her analyses.’

‘Senior associate Sonia Bouaffassa is a very efficient manager who completes Nadine’s expertise and brings value on French tax aspects.’

Key clients

Warburg Pincus

Continental Grain Company

JC Flowers

Financière CEP

Technicolor SA

CHG Participations


Work highlights

  • Assisted Technicolor with its restructuring and refinancing efforts, working closely with Technicolor’s existing restructuring counsel in France.
  • Advised the sellers JC Flowers and CHG Participations alongside another firm on the €1.3bn sale of Financière CEP group to Bridgepoint.
  • Advised Continental Grain Company on their €5m investment in Ceva Santé Animale.

Lacourte Raquin Tatar

Lacourte Raquin Tatar has one of the market’s leading teams for tax property structuring work. The practice assists high-profile French and Anglo-Saxon property investors and developers with the structuring of their property investments. Unibail-Rodamco-Westfield is one of the practice’s key clients and regularly retains the firm for its large retail asset portfolio acquisition. The team, which works both as stand-alone and in combination with the firm’s top property practice, recently advised on major sales and acquisitions of large office buildings, such as the sale of Engie’s future headquarters. Jean-Yves Charriau is a market-leading figure for property work and leads the team alongside Julien Souyeaux and David Sorel. Counsel Sophie Duboy-Maurel is also noted.

Practice head(s):

Jean-Yves Charriau; Julien Souyeaux; David Sorel

Other key lawyers:

Sophie Duboy-Maurel


‘Julien Souyeaux is available and attentive to clearly explain tax issues.’

‘Highly experienced team; a real reference on the Parisian market; excellent expertise.’

‘Jean Yves Charriau is a reference in the Parisian market, he is always available and provides innovative solutions. Counsel Sophie Duboy-Maurel is an excellent professional who has good understanding of the real estate fund business and client issues.’

Key clients

Vinci Immobilier

Allianz Group

Poste Immo (La Poste Group)



Ivanhoé Cambridge

JP Morgan Asset Management

Tishman Speyer

Aermont Capital LLP

Lasalle Investment Management

MCS & Associés



Groupama Immobilier


Antin Infrastructure

Work highlights

  • Advised Unibail-Rodamco-Westfield on the creation of a strategic partnership with Crédit Agricole Assurances and La Française, to which a portfolio of five French shopping centers valued at €2bn will be transferred.
  • Advised Swiss Life Asset Managers France on the signing of promises to sale of Engie’s future headquarters at La Garenne-Colombes.
  • Advised Groupama Immobilier on the signing of a BEFA and a CPI for the construction of The Link, futur headquarter of Total in the financial district of Paris – La Défense.

LPA-CGR avocats

LPA-CGR avocats' solid bench is able to offer a good breadth of expertise. The tax practice is particularly well regarded for its property tax know-how, regularly put to use for leading investors in major transactions led by the firm. The team was recently involved in several landmark office building transactions. The practice is also well versed in advising on the tax aspects of investment and project financing transactions made in French domestic renewable projects. Finally, the practice assists with M&A tax work and regularly assists start-ups with venture and growth capital transactions. Practice head Sandra Fernandes is particularly recommended for property tax work. Also involved are Bertrand Galvez, Martine Blanck-Dap, who focuses on advising private clients, and Mathieu Selva-Roudon. Jacques-Henry de Bourmont joined Jeantet in 2020.

Practice head(s):

Sandra Fernandes

Other key lawyers:

Bertrand Galvez; Martine Blanck-Dap; Mathieu Selva-Roudon


‘The team is really proactive and can claim a robust experience in real estate related issues. I would definitively suggest them to my peers.’

‘Sandra Fernandes is an excellent advisor with an excellent knowledge and experience on any topic related to the real estate sector and profound understanding of regulatory, legal and business aspects. She provides great support on both direct and indirect tax aspects, also covering cross-border tax implications.’

‘The firm is very responsive and precise, both for preliminary approaches and for very specific subjects. Perfect knowledge of real estate.’

‘Sandra Fernandes is very professional in her analyses as much as in negotiations. She is sharp, precise and pedagogical. In addition, she is a easy to work with and a deal maker.’

‘The firm has a wide range of capabilities across all sectors of real estate including tax, planning and bank finance. They work well in partnership with their German correspondent office.’

‘Sandra Fernandestreats her clients as extremely important to her and finds the time to explain complex matters. She has shown dedication to oversee complex and difficult transactions. She is very good at respecting deadlines and quotes. Her technical knowledge makes dealing with other tax advisors feel that you are not getting the full picture.’

Key clients








Work highlights

  • Advising Aberdeen Standard Investment on the sale of the building located at 9 rue du Faubourg St Honoré in Paris.
  • Assisted Barings Real Estate with the acquisition and structuring of a 40,000sqm logistics platform in the Toulouse area.
  • Advising Primonial Reim and Bouygues Immobilier on the acquisition by Canal+ of its future headquarters in the Sways building under a future state of completion lease.

Orrick Rambaud Martel

Orrick Rambaud Martel‘s team combines two strong fields of expertise: well-established transactional tax expertise which regularly advises on the structuring of M&A, private equity and financing transactions led by the corporate team, with Anne-Sophie Kerfant and Charles Briand as the key names, and a strong stand-alone activity, developed by Laurent Olléon, a former Conseil d’Etat’s member who joined the ranks in 2018. Olléon assists leading French companies with complex advisory and controversy work, such as assessing companies’ tax risks or success chances of recourses that could be initiated against the French administration. He also assists with tax controversies and recently worked on several matters concerning local tax matters.

Practice head(s):

Anne-Sophie Kerfant

Other key lawyers:

Charles Briand; Laurent Olléon


‘Strong technical and innovative abilities.’

‘They meet all of our professional requirements.’

‘Anne-Sophie Kerfant and Olivier Vuillod have absolutely all the qualities I am looking for.’

‘The strength of Anne-Sophie Kerfant and her team probably lies in their transversal tax culture, ranging from transactional to asset management, including litigation and venture capital.’

‘Anne-Sophie Kerfant is a very bright, thoughtful and innovative lawyer. She knows how to choose the right solution and is a fine strategist.’

‘Laurent Olléon immediately found his place among the best tax practitioners in Paris and is very appreciated not only by his colleagues, but also by his clients.’

‘Their motivation and creativity to find solutions, not problems, is a strength.’

‘Maître Laurent Olléon is a former public rapporteur at the Conseil d’Etat. He is technically very, very good. Moreover, he is extremely pedagogical.’

‘Maître Olléon is very available.’

Key clients



Hachette Livre

Veolia Environnement



Dassault Systèmes

Axa-REIM France

BPCE Group

BT Group

Cisco Systems


Equinix Hyperscale 1 Holdings BV

montanSOLAR GmbH


Société Générale



Toulouse Football Club

Advanced Accelerator Applications

Advent International

Air Liquide


BCBG Max Azria



Dufour Yachts









Work highlights

  • Representing Dassault Systèmes in a major corporate tax litigation.
  • Advised BPCE and Natixis as joint arrangers on the transactional and tax aspects of the €1.125bn public RMBS transaction by Groupe BPCE.
  • Advised Cisco Systems on the tax aspects of its $1bn acquisition of ThousandEyes.

Paul Hastings LLP

Paul Hastings LLP has leading tax expertise in the field of private equity. The practice regularly acts for private equity funds and management teams on the structuring of large LBO transactions, joining forces with the firm’s corporate team. It was recently involved in several large LBO deals on behalf of Keensight Capital, Astorg Asset Management, Equistone Partners Europe as well as Amundi Private Equity and Bpifrance. Practice head Allard de Waal and senior associate Thomas Pulcini are top names in the field. Through Bruno Leroy, the team also assists international companies with other tax issues, including transfer pricing, R&D and tax audit work, as well as advising high-net-worth individuals.

Practice head(s):

Allard de Waal

Other key lawyers:

Bruno Leroy; Thomas Pulcini


‘Excellent partners and associates who are very attentive, accessible, available and endowed with a real kindness.’

Key clients


Groupe Lafayette

Keensight Capital

Red Bull France

Arcmont Asset Management



Amundi Private Equity





Astorg Asset Management


Equistone Partners Europe


Fairbanks Morse

Work highlights

  • Advised Sipartech and its founder on the tax aspects of the acquisition of a stake in the company by Blackstone.
  • Advising Groupe Lafayette in connection with a leveraged buy-out operation made by Five Arrows.
  • Advised Keensight Capital in connection with the tax aspects of the leveraged buy-out of Sogelink Group.

Skadden, Arps, Slate, Meagher & Flom LLP

Headed by Thomas PerrotSkadden, Arps, Slate, Meagher & Flom LLP's practice has high-level expertise advising on top M&A transactions led by the firm, involving public and private companies, of domestic and international dimensions. The practice was recently involved in high-profile deals, including LVMH SE' acquisition of Tiffany & Co by way of a reverse triangular merger. Associate Margaux Lizé also deserves a mention.

Practice head(s):

Thomas Perrot

Key clients

LVMH Moët Hennessy Louis Vuitton S.E.

Renault SA

Dassault Systèmes SE

Waypoint Capital

The Walt Disney Company – Disney Hachette Presse

F.I.L.A. Fabbrica Italiana Lapis ed Affini S.p.A. – ARCHES



Becton Dickinson


Silver Lake






Work highlights

  • Advised LVMH on all tax aspects of the acquisition, financing and integration of Tiffany&Co.
  • Advised Dassault Systèmes on the structuring and negotiation of its merger with the US-based Medidata.
  • Advised Iliad on the setting up of a joint venture with Digicel to build and operate a telecom network in the French West Indies.

Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP‘s tax practice advises on the structuring of M&A and private equity deals handled by the firm's prestigious LBO team. The tax team was recently highly solicited to advise leading investment funds on mid-cap to large LBO transactions, including several of the market’s largest deals. In addition, the tax team advised the French State on La Française des Jeux’s IPO and collaborates with the firm’s leading insolvency and debt restructuring practice. Since Stéphane Chaouat left to join Quinn Emanuel Urquhart & Sullivan, LLP, Edouard de Lamy is now the practice head. Alexandre Groult joined Quinn Emanuel Urquhart & Sullivan, LLP alongside Chaouat in January 2021.

Practice head(s):

Edouard de Lamy

Key clients


Ardian Infrastructure

Montagu Private Equity

Rothschild & Cie


Antin Infrastructures


Chargeurs SA



Ceva Santé Animale

Work highlights

  • Advised Almaviva Group (portfolio company of Antin Infrastructure) on the acquisition of Cliniques Monceau and Turin.
  • Advised Parquest on the tax structuring of the acquisition of ADIT from Weinberg Capital.
  • Advising 3i on the tax structuring of the acquisition of Evernex from Carlyle.

White & Case LLP

White & Case LLP’s practice has excellent transactional tax expertise. The tax team works alongside the firm’s finance, corporate, property, debt restructuring and insolvency practices to advise on the structuring of major transactions. The group was recently in high demand, acting on numerous high-profile transactions. It notably advised on the structuring of one of the market’s largest LBO transactions when acting for Cobepa on its acquisition of Gerflor Group. The practice also has strong-know in real estate tax and provides strong support in major distressed M&A transactions. Practice head Alexandre Ippolito and Estelle Philippi are highly recommended. Norbert Majerholc left in December 2019 to join Marvell.

Practice head(s):

Alexandre Ippolito

Other key lawyers:

Estelle Philippi

Key clients

AEW Europe


BNP Paribas

Boussard & Gavaudan


Casino Group


CNP Assurances



Crédit Agricole Assurances



Financière Colisée

Financière Eurinter


Groupe Carré

IK Investment Partners

Ingenico Group

JP Morgan



Legris Industries


Mérieux Equity Partners

Meyer Bergman


Moret Industries

Mr Bricolage




Qatar Investment Authority








Work highlights

  • Represented Cobepa in connection with the acquisition of Gerflor Group from ICG, turning Cobepa into a majority shareholder.
  • Represented the bondholders of Conforama Group in the sale of Conforama France to the parent company of But, Mobilux, and in the immediate release, of a first loan guaranteed by the State of €100m and a relay loan granted by Mobilux of €50m, with a second loan scheduled.
  • Represented Nestlé S.A. in connection with the sale of a 60% stake of Herta to Casa Tarradellas.

Arkwood SCP

Arkwood SCP is a leading independent private client boutique with a strong cross-border capabilities. The firm handles individual and corporate tax issues, including transfer pricing work. It is well known for its strong knowledge of trusts and excellent litigation skills.  The firm advises family groups, entrepreneurs, investment funds, insurance companies, and ultra-high-net-worth families and individuals. High-tech sector entrepreneurs and start-ups are also clients. It is particularly adept at handling matters involving US, UK and French law, notably in relation to mobility, divorce and inheritance matters. Members of the team are regularly appointed to act as experts before London courts and provide guidance to banks and financial advisers with transparency issues and the development of their financial product. Stéphanie Auféril heads the practice which also includes the highly recommended Marine Dupas, Michaël Khayat and Julien Riahi.

Practice head(s):

Stéphanie Auféril 

Other key lawyers:

Marine Dupas; Michaël Khayat; Julien Riahi


‘Arkwood is clearly ahead of other French law firms when it comes to giving international tax advice.’

‘Very focused, very thoughtful, very pragmatic. Understand that it is the result that counts.’

‘Stéphanie Auféril has vast experience advising private clients. She is always available and accessible.’

‘Marine Dupas answers any tax question straight away and in an efficient and accurate manner. She is always available for her clients.’

‘Michaël Khayat is a superb lawyer and the first person I would turn to for French advice.’

‘Julien Riahi is a consummate professional: thorough, creative, discrete and responsive.’

Key clients

Edmond de Rothschild (Luxembourg)

I.V.O Capital Partners

Laude Esquier Champey


August Debouzy

August Debouzy‘s practice advises a loyal client base, made up of leading French companies, international companies, investment funds and start-ups. The team is able to handle a broad range of matters, spanning transactional issues and a substantial amount of stand-alone work, encompassing tax restructuring, transfer pricing, tax audits and regularisation matters. The practice is notably assisting a major corporation with challenging tax regularisation issues in the context of a landmark corruption case. Xavier Rohmer and Philippe Lorentz are in charge.

Practice head(s):

Xavier Rohmer; Philippe Lorentz

Key clients











Executive Channel International Pty Ltd
























Work highlights

  • Advised Footprint on its merger with Vae Solis Corporate to become one of the three largest independent players in the sector.
  • Assisting Aegide SA with respect to the tax structuring of its activities in the Asia-Pacific area as part of the development of the group in this region.
  • Representing Ipsos Group in its tax matters.

BDGS Associés

BDGS Associés‘ practice, led by Guillaume Jolly, focuses on the tax aspects of M&A transactions conducted by the firm. The practice is regularly involved in large transactions involving listed companies, but also runs a stand-alone caseload spanning real estate tax, high-net-worth individuals and management tax incentive advice. Nelson Da Riba joined Aramis  in July 2020.

Practice head(s):

Guillaume Jolly

Key clients

Opengate Capital

Tikehau Capital

Butler Industries

Mac Arthur Glen


Crédit Agricole Assurances (Predica)


Bois & Matériaux

Bouygues Telecom

Everzinc BV

Work highlights

  • Advising Crédit Agricole Assurances and Groupe La Française on the creation and acquisition of a 54.2% stake in a joint venture with Unibail-Rodamco-Westfield (URW) for the acquisition of a real estate portfolio consisting of five major shopping malls owned by URW.
  • Advising Bouygues Telecom on its partnership with Phoenix Tower International, on the development and operation of high points sites and the creation of a joint venture held 60% by Phoenix Tower International and 40% by Bouygues Telecom relating to the development of at least 4,400 high points sites in France over 12 years throughout France outside high-density areas.
  • Advising SMAC on the sale of its subsidiary Axter after having carved out the Skydome activity from Axter.

Bryan Cave Leighton Paisner LLP

Bryan Cave Leighton Paisner LLP hired one of France’s finest real estate tax duos in Christine Daric and Olivier Mesmin who joined in January 2020 from Franklin, along with a team of real estate and corporate colleagues. The duo, which was attracted by the firm’s real estate international platform, has extensive experience in the structuring of the country’s largest property asset and share deal transactions. Several landmark office transactions are visible in the recent caseload, as are various logistic portfolio and other real estate finance transactions. The practice is also adept at advising on the restructuring of investment vehicles.

Practice head(s):

Christine Daric; Olivier Mesmin


‘The tax and real estate team show excellent professionalism and great listening abilities. They are always well informed about the latest tax and regulatory developments, especially regarding investment vehicles. The team provides clear and innovative solutions that take into account the level of risks investors are willing to take.’

‘Christine Daric and her team demonstrate exceptional technique and rare listening skills. To any issue faced by a client, they come up with a solution.’

‘Christine Daric has exceptional technical and interpersonal skills.’

Cazals Manzo Pichot Saint Quentin AARPI

Tax boutique Cazals Manzo Pichot Saint Quentin AARPI has an experiencedteam,  able to provide a broad range of expertise. The firm regularly advises investment funds on small and mid-cap private equity transactions and is a strong reference for tax property work, notably assisting Mata Capital with the €120m acquisition of an office building. The firm is also defending a major French bank in a sensitive tax controversy matter. Key team members include Thomas CazalsMaxence ManzoRomain PichotBertrand de Saint QuentinVirginie Aïdan,  Pierre Ullmann and new recruit Xavier Colard, who joined in October 2020 from Scotto Partners where he headed the firm’s patrimonial practice.

Other key lawyers:

Thomas Cazals; Maxence Manzo; Romain Pichot; Bertrand de Saint Quentin; Virginie Aïdan; Pierre Ullmann; Xavier Colard


‘The partners are complementary and they know how to put this complementarity expertise at the service of their clients. They are pragmatic and efficient in an area of ​​expertise that often does not allow it. This is remarkable.’

‘A specialised firm made up of young partners coming from the most reputable firms and trained by them.’

‘Availability, pragmatism and reasonable fees.’

‘Very responsive, involved and very competent team. The agility of a small structure with the quality of a big firm!’

‘Bertrand de Saint-Quentin is extremely likeable and very engaged.’

‘Highly responsive and strong technical expertise. They always find the best solutions, and are very professional, and very friendly. The team is available, has an excellent level of expertise and provides very relevant advice with much added value.’ 

‘Thomas Cazals is a problem solver and puts himself in his clients’ shoes.’

‘They are a team of specialists, very efficient and with in-depth knowledge of tax matters.’

‘Very good interpersonal skills and an irreproachable technical knowledge of tax matters.’

‘Thomas Cazals is always available and pragmatic.’

‘Very good team, competent and available.‘

‘Bertrand de Saint Quentin is an excellent technician.’

‘Thomas Cazals and Maxence Manzo have a great capacity for listening and are facilitators in sometimes tense situations. On complex subjects, they show great diplomacy and pedagogy, never putting themselves forward, and showing no arrogance. It’s very appreciated.’

‘Virginie Aïdan is a remarkable lawyer, with very specialised skills in international taxation.’

‘The firm combines great technical expertise in all areas of tax law while remaining practical and pragmatic.’

‘Maxence Manzo and Bertrand de Saint Quentin have great technical qualities while being creative and flexible.’

Key clients

Serris REIM




iM Global Partner




Maincare Solutions

AB Science



Mata Capital




Andera Partners

Work highlights

  • Advised Fiducial on its strategic partnership with Prosegur, including the planned acquisition by Fiducial of the French activities of Prosegur.
  • Advised C’Pro on its acquisition of group Koden, including tax structuring and financing.
  • Advised Mata Capital in its acquisition of a 25,000sqm office building in Vanves.

Cohen & Gresser LLP

At Cohen & Gresser LLP, the team of Franck Le Mentec offers sound knowledge of international and cross-border tax issues. The practice assists prominent companies and private clients. It is involved in high-profile disputes,  including defending UBS AG in the appeal proceedings pertaining to France’s landmark tax evasion case. It is also advising TP Ferro Concesionaria in the context of an arbitration case led against both the French Republic and the Kingdom of Spain. Associate Nicolas Vacca is also recommended.

Practice head(s):

Franck Le Mentec


‘The team of Franck Le Mentec is well placed to deal with large and complicated tax matters in both a national and a cross-border context. The team has a good command of English and is very responsive.’

‘Franck Le Mentec has the ability to fully understand the tax aspect of a matter and at the same time its impact on a potential litigation, which is very helpful.’

Key clients

William Brad Pitt


Impala Group

TP Ferro Concesionaria SA

Owkin Group

Apple Tree Group

Work highlights

  • Advised UBS AG on the tax aspects of its appeal of the decision rendered by the French criminal court in February 2019 that applied a fine of €4.5bn to UBS AG for money laundering related to tax evasion.
  • Advising TP Ferro Concesionaria SA in the context of arbitration against both the French Republic and the Kingdom of Spain for an amount of claimed approx. €750m.
  • Advising Brad Pitt on all corporate and tax aspects of his French assets.

Fairway A.A.R.P.I.

Fairway A.A.R.P.I.'s Emmanuel Galifer is a real expert in property tax. He and his team regularly advise leading funds and investors on the structuring of large property transactions handled by the firm, as well as on the structuring of real estate funds. The practice was recently involved in high-profile transactions in relation to hotel, office and logistic and industrial assets.

Practice head(s):

Emmanuel Galifer


 ‘The lawyers are business-oriented, very available and always accurate in their advice.’

‘The firm shows high-level legal and tax technique and extensive experience in relation to the property market.’

‘Emmanuel Gallifer is very professional, nice, creative, clear and precise. He makes complex matters look clearer, which helps clients to take to the best decision. His analyses are always business-oriented’.

Key clients






Work highlights


Jeantet is recommended for transactional tax work and regularly advises on the structuring of M&A, private equity and real estate transactions handled by the firm. Small to mid-cap transactions are the group's mainstay, but the team also acts on larger deals and on equity capital markets transactions. The practice also regularly advises on real estate and other industrial assets-based transactions and offers expertise in property tax real estate structuring. The team is co-headed by Jean-Guillaume Follorou and Jacques-Henry de Bourmont, a recent arrival from LPA-CGR avocats in 2020. Counsel Gabriel di Chiara also contributes.

Practice head(s):

Jacques-Henry de Bourmont; Jean-Guillaume Follorou

Key clients



EB – Sustainable Investment Management GmbH

Milestones Investisseurs

Hoffman Green Cement

Bey Medias

Metropolitan Filmexport

TAT Group

LBO France

Equitis Gestion


Work highlights

  • Advised pharmaceutical subcontractor Famar on the sale of five of its twelve manufacturing sites to its competitor and one of Europe’s leading pharmaceutical subcontractors, French group Delpharm.
  • Advised TAT Group on the sale of its subsidiary Sabena technics to a consortium of financial investors consisting of Sagard, Bpifrance and Tower Brook.

Jones Day

Jones Day assists French and international corporations and investment funds with various corporate tax issues and the structuring of domestic and cross-border M&A transactions. The firm’s corporate team is also highly recognised for its particular know-how in advising French start-ups and venture and growth capital funds with major fundraising rounds to which the tax team contributes. Additionally, the tax team advises on property transactions. Emmanuel de La Rochethulon and 2020’s promoted of counsel Nicolas André are in charge of the team.

Practice head(s):

Emmanuel de La Rochethulon; Nicolas André


‘Strong team with in-depth knowledge.’

‘Responsive to queries, effective negotiators and holistic knowledge of the sector which is applied to all discussions with clients.’

‘Strong expertise with huge market experience and a very good reactivity.’

‘Experience, reactivity and expertise.’

‘The tax department is well known for (i) its ability to work on tax cross-borders issues and transactions, and (ii) its high quality of analysis of tax issues.’

‘Emmanuel’s team perfectly understands the specific mechanisms of the investment entities.’

‘Emmanuel is a very smart tax lawyer and is very efficient.’

Key clients





Amundi AM

ABC arbitrage


Work highlights

  • Advised LFPI Gestion on the sale of Alliance Holding SAS and Alliance Hôtels Développement SAS, two holding companies owned by funds managed by LFPI Gestion and which directly and indirectly own a portfolio of twelve hotels in France, to Groupe Ferré.
  • Advised Amundi Asset Management in its acquisition of the 14,300sqm Tangram office building, located in the Paris suburb of Malakoff, from London-based InfraRed Capital Partners and Paris-based Hemisphere.  
  • Advised Aurora Resurgence, a Los Angeles-based private equity fund, on the sale of International Cookware Group and its subsidiaries to Kartesia.

King & Spalding LLP

King & Spalding LLP’s Aurélia de Viry advises on major real estate investments, structured finance and corporate tax law issues. Often acting alongside the corporate and real estate practices, she assists leading international investors, including several recent and particularly significant property tax investment transactions. The practice also advises on debt restructuring and fund structuring work. Private client tax work is also handled.

Practice head(s):

Aurélia de Viry


‘The King & Spalding tax law team is extremely agile in finding solutions to the questions submitted to it. It is always very up to date with tax news.’

‘Very dynamic, professional and responsive team.’

Key clients

Banque Mirabaud


DTZ investors

M&G Real Estate

Foncière des Andes SPPICAV

France Galop

Alex Gambal


Safe Othopaedics

University of Chicago


Futura Fund P.l.c.

Work highlights

  • Advised Mirabaud Bank (Mirabaud AM Luxembourg) on the structuring of a newly set up Luxembourg investment fund investing in France in development programs around the ‘Grand Paris’ urban development.
  • Advising the listed company Envea and controlling shareholders on the sale of minority equity interest in Envea to the Carlyle Group (LBO).
  • Advising the Euronext Paris-listed Fermentalg on the launch of a convertible bond issuance with attached warrants, offered exclusively to qualified investors (including DDW, Inc. and existing core shareholder BPI).

Kramer Levin Naftalis & Frankel LLP

Kramer Levin Naftalis & Frankel LLP's practice is particularly recognised for its strong property tax expertise. The team advises leading French and international funds on the sale and acquisition of asset and portfolio transactions. The practice also advises on the tax aspects of private equity and M&A transactions. Practice head Pierre Appremont and 2020’s newly promoted partner Pamela Lejeune are the key names. Former counsel Dorothée Chambon joined Osborne Clarke in autumn 2020.

Practice head(s):

Pierre Appremont

Other key lawyers:

Pamela Lejeune

Key clients

AG Real Estate France


LBO France





Zurich Insurance



Work highlights

  • Advising Etche France’s shareholders on the tax aspects of the acquisition by KKR of a stake to the holding capital.
  • Advising Harbert Management Corporation and Foncière Magellan on the tax aspects of the sale of four business parks in France.
  • Advised Eiffel Investment on the tax aspects of the creation of the Eiffel Gaz Vert Fund (€200mdedicated to renewable gas).

McDermott Will & Emery AARPI

McDermott Will & Emery AARPI‘s team acts for a prominent client base of investment funds and corporations, especially on the structuring of mid-cap M&A and private equity transactions. The tax team also regularly joins forces with the corporate department for major M&A and private equity transactions in the healthcare sector. Cross-border matters involving the US or Italy are clear areas of expertise. Antoine Vergnat is in charge. Romain Desmonts, who made counsel in January 2021, is a key contributor to the practice.

Practice head(s):

Antoine Vergnat

Other key lawyers:

Romain Desmonts

Key clients

Campari Group/Lallier

Campari Group/Rothschild France Distribution




DBV Technologies

Eurazeo PME/UTAC





Bridgepoint Development Capital

Work highlights

  • Advised Campari Group on the tax aspects of a transaction in respect of Campari Group’s entry into exclusive negotiations with the privately owned French company SARL FICOMA, family holding of Mr Francis Tribaut, (the ‘Seller’) for acquiring an 80% interest, with a medium-term route to total ownership, in the share capital of SARL Champagne Lallier and other group companies.
  • Advised Campari Group on the tax aspects of its entry into exclusive negotiations with Baron Philippe de Rothschild for the sale of Baron Philippe de Rothschild France Distribution SAS (RFD), specialist in the distribution on the French market of wines, champagnes and spirits and distributor of Campari products in France.
  • Advised Vetoquinol on the tax aspects of the acquisition of the European and UK rights to the Profender® and Drontal® product families from Elanco Animal Health for a total cash price of $140m.

Norton Rose Fulbright

Norton Rose Fulbright's tax team runs a strong stand-alone practice, but also advises on the structuring of M&A and finance transactions managed by the firm. Lately, the tax team was involved in several large M&A, private equity and real estate transactions. It notably advised several prestigious leading private banks with the sale of their headquarters and assisted with management tax incentive plans. Practice head Antoine Colonna d’Istria is highly regarded.

Practice head(s):

Antoine Colonna d’Istria

Key clients

Kohlberg Kravis Roberts & Co.

Deliveroo (Roofoods)

Several French banks (BNPP, SG, CACIB)



Crédit Mutuel/Euro Information


Banque Neuflize

Bourbon Maritime

Advent International

Work highlights

  • Advised KKR on the acquisition of Etche France in May 2020.
  • Advised Credit Mutuel group in the context of the sale of its telecom activity to Bouygues Telecom
  • Advised Banque Neuflize on the disposal of its headquarters building in Paris.


Racine‘s team has strong property tax expertise through Fabrice Rymarz who is regularly retained to advise on large transactions. The practice recenty assisted key clients with the sale of major office and logistic buildings and portfolios. Rymarz also advises on the structuring of M&A transactions, often in collaboration with the firm's corporate colleagues. Xavier Rollet, who co-heads the practice with Rymarz, specialises in advising private clients, including executive officers and shareholders. He also represents companies in dealing with the tax aspects of international employee transfers, management tax incentives and employee shareholding.

Practice head(s):

Fabrice Rymarz; Xavier Rollet


‘High professionalism, technique and creativity.’

Key clients


Tristan Capital Partners

Infrared Capital Partners

Europa Group



Hôpital Saint-Joseph

Bee Family Office and Crédit Agricole Régions Investissement


Work highlights

  • Advised Hemisphère and Infrared Capital Partners on the sale of the Konect building, located in Paris and Saint-Ouen to Macifimo.
  • Advised the management of Ellipshere on legal and tax aspects in the context of the LBO of Andera, Thikeau and BPI France.
  • Advised Tristan Capital Partners on the tax aspects of the acquisition, in a sale and lease back transaction, of a logistics and light industrial portfolio owned by Zamenhof Group, composed of 51 property located across France and mostly rented to Zamenhof’s subsidiaries.

Reed Smith

Reed Smith's team impresses with extensive expertise in property tax. The practice advises leading French and international property players on restructuring, property investment and other tax issues. The tax expertise also includes litigation. Jean-Pierre ColletFlorence Bilger and David Colin form the trio at the helm of the practice.

Practice head(s):

Florence Bilger; David Colin; Jean-Pierre Collet


‘Good knowledge of real estate taxation and the hotel industry.’

‘Great knowledge of us as a client. Specific solutions provided. Jean-Pierre Collet is a very good partner.’

Scotto Partners

Led by Jérôme CommerçonScotto Partners‘ team is highly specialised in assisting the management during LBO transactions handled by the firm. The team is regularly involved in the market’s largest operations, for example the €1.6bn acquisition of Gerflor by Cobepa. The team also advises senior executives on the negotiation of tax incentive packages as part of their entry into or exit from companies under LBO. Xavier Colard joined Cazals Manzo Pichot Saint Quentin AARPI in October 2020.

Practice head(s):

Jérôme Commerçon

Key clients



Looping Group




Work highlights

  • Advised Gerflor’s management team on the tax aspects of the €1.6bn acquisition by Cobepa of a majority stake in the group’s share capital.
  • Advised Armacell’s management team on the tax aspects in connection with the acquisition of the group by PAI Partners along with KIRKBI from Blackstone Group, for an entreprise value of €1.4bn.  
  • Advised Idinvest’s management team on the tax aspects of Eurazeo’s acquisition of the group’s remaining capital.

Simmons & Simmons

Headed by the excellent and versatile Chloë NessimSimmons & Simmons' team has specific expertise in the tax structuring of private fund formation matters, regularly working with the firm’s fund formation group. The team assists leading asset management funds and financial institutions with the setting up and fundraising of various types of funds, such as growth capital, infrastructure, debt and energy funds. The practice also has excellent real estate tax expertise and recently advised on growth capital transactions. Senior associate Jérémie Yéni also deserves a mention.

Practice head(s):

Chloë Nessim


‘Remarkable work and in-depth research much appreciated.’

‘Chloë Nessim is gifted, has good communication skills and knew how to understand and meet our expectations.’

‘Deep technical knowledge combined with commercial outlook; willingness to go the extra mile; excellent local market knowledge and experienced team.’

‘Chloë Nessim is a pleasure to work with and always puts her clients first. She has consistently gone above and beyond to ensure the highest standard of work. She is an excellent communicator and is able to coordinate multiple legal teams across multiple jurisdictions to provide a well-rounded service delivery.’

‘The knowledgeable team has consistently provided excellent tax advice related to real estate transactions. They precisely identify key issues and are solution-focused. The team is very easy to work with.’

‘Chloë Nessim is highly responsive and her advice is always very clear, reliable and pragmatic. She is very good at arriving at workable solutions, thinking ahead and considering commercial aspects.’

‘Jérémie Yeni is very knowledgeable and helpful, efficiently responding to queries raised by the client.’

‘Chloë Nessim defends the interests of her clients with conviction and is able to offer innovative solutions in order to optimise both tax and structuring aspects.’

Key clients

Valor Real Estate Partners LLP

M7 Real Estate

Quaero Capital

Weinberg Capital Partners


Entrepreneur Venture


Infravia Capital Partners


Work highlights

  • Advising Union Investment in connection with the sale of office buildings (CityZen circa 38,000 sqm) located in Bois-Colombes respectively to a fund and to La Française RE Managers.
  • Advising Weinberg Capital Partners on the closing of its first real estate fund value-added, WREP#3 for which the company has raised €110m with French and foreign investors.
  • Advising Valor Real Estate Partners on the acquisition of three warehouses located in Fresnes, Bobigny and Génas.

Vaslin Associés

Vaslin Associés is a renowned boutique in the world of wealth and estate planning. The firm has its main offices in Paris and further implementations in Geneva, Brussels and London. It assists French and foreign private clients, including family businesses, high-net-worth individuals, entrepreneurs, trusts and trustees. It has extensive experience advising on wealth and estate planning in a cross-border context and also handles tax audit and controversies. Marc VaslinAmandine Allix-Cieutat,  Lara Despicht and Nicolas Billotte co-head the practice.

Practice head(s):

Marc Vaslin; Amandine Allix-Cieutat; Nicolas Billotte; Lara Despicht


Cabinet Vaslin adopted a tailor-made approach and successfully structured our assets. The international aspects have been perfectly taken into account. Marc Vaslin was able to find and integrate relays in each country that we needed.’

‘The tailor-made approach, responsiveness and perfect knowledge of the various tax systems are the key strengths of Cabinet Vaslin.’

‘Efficiency, speed.’

‘Cabinet Vaslin has a perfect knowledge of the French market (real estate investments, private equity) and knows how to speak the same commercial and technical language as clients.’

‘They show immediate availability and provide solutions to resolve identified problems. I would like to highlight Nicolas Billotte, Lara Despicht and Marc Vaslin.’

‘Very sharp tax knowledge and skills. Availability and responsiveness.’

Veil Jourde

In March 2020 Veil Jourde hired a team from Aramis led by Benoît Gréteau  in to relaunch its tax practice. The group regularly assists the firm’s M&A and private equity teams with transactions, but also leads a strong stand-alone activity. The team is able to advise on complex tax structuring schemes and notably advised Erwena on the refinancing of its €1.6bn existing debt through the creation of a fiducie suretyship. The busy tax litigation caseload deals with key issues, such as state aids and research tax credit, which regularly raised new legal issues that required consideration from French administrative courts and the French Supreme Courts. Public law specialist Emmanuel Glaser left to co-found Fréget Glaser & Associés in February 2021.

Practice head(s):

Benoît Gréteau


‘High-level technique and availability, a strong sense of strategy. Benoît Gréteau is a talented tax lawyer.’

‘Veil Jourde’s tax team, headed by Benoît Gréteau, combines the rigour and professional standards required of a leading firm as well as the intellectual agility specific to lawyers experienced in M&A mid-cap operations.’

‘Benoît Gréteau has a transversal vision which gives him a head start to understand the tax, accounting and financial issues of transactions. He is very involved and listens to his clients. He provides a tailor-made service.’

‘Very good knowledge of clients and their problems; tailor-made solutions; great teamwork and availability.’

‘Exceptional analytical and synthesis skills.’

Key clients

Carlson Wagonlit



Fnac Darty





Bae Systems





Société Générale

Work highlights

  • Advised Erwena on the tax issues of the refinancing of its existing long term debt up to €1.6bn, involving a ‘fiducie suretyship’ and  refinancing of French and Swiss companies requiring coordination of Swiss tax issues.
  • Advised Paragon Partners on its acquisition of the shares of WEKA Group through a cross-border LBO.  
  • Advised Iprad on the sale of the company to the Biocodex group.

Viguié Schmidt & Associés

Viguié Schmidt & AssociésChristel Alberti leads a team with a strong focus on corporate tax and M&A and private equity transactional tax. The practice recently advised on the structuring of several significant corporate transactions, including a strategic transaction in the biomedical sector which was successfully closed during the lockdown. The team was also involved in the acquisition of a major distressed company and is currently involved in a series of key divestment deals in the transport sector. In parallel, Alberti also develops a stand-alone practice, notably handling tax audit and international mobility work. Associate Maxence Dubois should also be acknowledged.

Practice head(s):

Christel Alberti


Viguie Schmidt’s tax team is particularly gifted when it comes to complex structuring of M&A transactions, beyond corporate and asset taxation.’

‘Christel Alberti has exceptional technical skills. In addition, she is very responsive and close to her clients. She is particularly familiar with matters concerning the healthcare sector, in which it is necessary to set up complex structures, which she masters perfectly.’

‘Very available and responsive team.’

‘The tax Team (in particular Maxence Dubois) under the supervision of Christel Alberti has transversal and specialised skills in the various components of national and international taxation.’

‘The tax team maintains clear and sincere relationships of trust with its clients as well as permanent exchanges. Beyond her indisputable technical skills, Christel Alberti combines a great capacity for abstraction and a practical sense, while proving to be a fine and determined negotiator.’

‘Great professionalism and a proactivity rarely encountered at other firms.’

Key clients

Galeries Lafayette





Calcium Capital

HiPay Group


Sony Music Entertainment

Crédit Agricole / CASA

Vendis Capital

Fimalac Entertainment

Alter Equity

Unify (TF1 Group)

SNCF /Geodis

Amaury Group

LPCR Groupe (Grandir)

Work highlights

  • Advised the shareholders of Laborizon (including Bpifrance) on (i) the sale of a majority stake to Biogroup which has now become the leader in the French medical biology sector and (ii) on their reinvestment in the Biogroup group.
  • Advised Epsys and its shareholders in connection with the combination of Epsys and Groupe Cahors, and on the restructuring of the existing debt of Groupe Cahors.
  • Advised Galeries Lafayette Group on the strategic partnership signed with Keys Asset Management in connection with the setting up of a joint venture in order to refit and expand the 27,500sqm mall located in Lyon Bron.

Villey Girard Grolleaud

Villey Girard Grolleaud‘s Yann Grolleaud  has strong expertise in the structuring of leading M&A transactions handled by the firm. The practice was recently involved in several significant deals on behalf of prominent French companies, such as assisting Française des Jeux with its privatisation through an IPO on Euronext Paris. The practice also assists with the negotiation of complex M&A transaction pre-tax rulings with the French tax authorities and assists high-net-worth individuals, family-owned companies and entrepreneurs with patrimonial taxation and management incentive plans. It is also handling sensitive litigation concerning LBOs and the tax treatment of carried interests.

Practice head(s):

Yann Grolleaud


Small, agile and extremely specialised team in the treatment and analysis of complex situations and in particular structuring.’

‘Maître Yann Grolleaud is one of the best specialists in French and international tax law.’

Key clients

Française des Jeux




Work highlights

  • Advised FDJ in the context of its privatisation by IPO on Euronext Paris.
  • Advised Conforama on a financing of €316m in the context of restructuring proceedings (conciliation) concluded between the Conforama Group, its shareholder Steinhoff, the creditor funds of the Steinhoff Group, Tikehau Capital and Conforama’s banks.
  • Advising Groupe Conforama on all transactions related to the sale of Conforama France to Mobilux, the majority shareholder of the BUT group, and the provision to Conforama France of an initial State-guaranteed loan of €100m and a bridging loan granted by Mobilux of €50m.

Watson Farley & Williams LLP

Watson Farley & Williams LLP’s team has a strong focus on tax structuring of private equity and structured finance deals and projects conducted by the firm in the domestic and European renewable energy sector. Headed by Romain Girtanner, the team acts for investment funds, banks, financial institutions, corporations, public and private companies, family offices and high-net-worth individuals. It also has good expertise in structured finance and leasing transactions, particularly in shipping finance and aviation finance transactions.

Practice head(s):

Romain Girtanner


 ‘The French tax team has excellent knowledge of existing tax laws and their application in the ‘real world’. The lawyers are very good at communicating any changes (or proposed changes) to French tax law and what the implications could be for our business which has proven invaluable.’

Key clients

Access Capital

Akuo Energy

Amundi Transition Energétique

BNP Paribas


Naxicap Partners

Predica Energies Renouvelables


RGreen Invest

Société Générale

Work highlights

  • Advising French private equity investor Naxicap Partners on the legal and tax aspects of its acquisition of German flat roof specialist Alwitra from current owner Joachim Gussner.
  • Advising RGreen Invest on tax issues since the creation of its first investment vehicle and for all its investments in solar, wind and biomass projects across Europe (France, Italy, Norway and Croatia).
  • Advising Predica Energies Durables, an investment company of Crédit Agricole Assurances, on the legal and tax aspects of the opening up of its capital to Banque des Territoires and Groupama.

Practice head(s):

Guillaume Rembry

Work highlights

  • Assisted IK Investment Partners with the sell-side tax due diligence (including coordination of three foreign jurisdictions) of the Colisée Group.    
  • Assisted PAI Partners with the buy-side tax due diligence and tax structuring for the acquisition of Amplitude Surgical, including coordination and involvement of tax correspondents in three jurisdictions (Luxembourg, Brazil and Australia).
  • Assisted KKR with the buy-side tax due diligence of its investment in healthcare operator Elsan.



Practice head(s):

Christophe Gerschel; Philippe Pescayre; Stanislas Vailhen


‘Very competent, efficient and available. They are proactive and very collaborative.’

Key clients




123 IM

Abénex Capital

Groupe Baelen



Work highlights

  • Advised Abénex Capital on the LBO of Bis Mehari group.

Altitude Avocats

Practice head(s):

Eric Ginter

Other key lawyers:

Eric Chartier; Julien Bellet


‘The team has high-level technique.’

‘Their skills and personalities are very complementary and the teams demonstrate great pedagogy and excellent professionalism.’

‘The team is made up of experienced tax specialists who can support clients in both advice and litigation.’

‘Personal and dedicated approach; very strong skills and mastery of taxation, including in an international and cross-border context.’

‘Small team, homogeneous and specialised in French tax law and international relations, in particular with Switzerland.’

‘Eric Ginter has extensive experience. Eric Chartier and Julien Bellet have acquired remarkable know-how which translates into high-quality advice.’

Key clients

Philippe VIDEAU


Antoine LABBE





Jean-Claude MONNOT

Work highlights

  • Assisted Olivier Chambriard/Arnaud Desclèves/Jean-Michel Mangeot with their tax litigation in one of the most famous management package cases of the decade (Wendel).
  • Assisted Frederic Delore with challenging the social contribution put at his charge as a consequence of his installation in Switzerland by application of the ‘exit tax’ regime.


Practice head(s):

Nelson Da Riba

Key clients

Tikehau Capital


La Poste

Unique Heritage Media


Thai Union Group

Catalyst Capital

Work highlights

  • Advising La Banque Postale on its partnership with Groupe BPCE, notably including the combination of Ostrum AM and La Banque Postale Asset Management’s Euro rate management businesses within a joint venture held by La Banque Postale (45%) and Natixis IM (55%).
  • Advising La Poste Silver, subsidiary of Group La Poste, on its acquisition of a majority stake in Nouveal e-santé, operator in patient journey digitisation.
  • Advising Tikehau Capital on the sale of a real estate portfolio of 22 logistic assets operated by Elis to the American investment fund Blackstone.


Practice head(s):

Bruno Erard; Jacques Messeca

Key clients






IK Investment Partners


Ubibene/ Eduservices

ICG Infrastructure


Work highlights

  • Assisted the management of LUNEAU TECHNOLOGIES with the tax aspects of a PE operation involving Caravelle as financial sponsor, including structuring of the investment of the management and tax vendor due diligence of the target.
  • Advised IK Investment Partners on the tax structuring of the acquisition of Eres Group by IK partners (LBO).
  • Advised  Eduservices company and its founder and main shareholder Ubibene on an LBO on the company conducted by Ubibene,  Parquest and Amundi.

Barré et Associés

Practice head(s):

Jérôme Barré

Other key lawyers:

Julia Novak; Laurent Gabaud; Nicolas Bourgeois; Raphaël François


‘They have broad knowledge in cross-border cases, not only in the area of taxes, but also regarding inheritance law. The team provides very good and swift advice. The team consists of excellent private client tax and civil law lawyers.’

‘Committed team with high cohesion between members. High-level technique and tailored approach.’

‘High-level expertise on complex issues and quick to mobilise and act.’

‘Problem-solving team.’

‘Jérôme Barré is a brilliant and fast-thinking tax lawyer.’

‘Julia Novak impresses with her excellent handling of clients.’

Couderc Dinh & Associés

Couderc Dinh & Associés

Practice head(s):

Hervé-Antoine Couderc

Other key lawyers:

Emmanuel Dinh; Christian Couderc

Curtis, Mallet-Prevost, Colt & Mosle LLP

Practice head(s):

Marco Blanco


‘They are a big law firm with expansive capabilities, yet you get a boutique and personalised feeling from the service.’

‘Marco Blanco goes out of his way to make sure you feel comfortable with the work and your situation. He organises the team to provide what is needed.’

‘The team is robust. They have the capacity to duly follow up on matters until completion. All options and risks are laid out clearly.’

‘Marco Blanco stands out as a true expert in international taxation matters. His many years in the field and the international scope of the matters he deals with on a day-to-day basis make Marco an outstanding source of experience and knowledge on the field.

‘Huge experience in advising on US and international tax problems. Excellent ability to identify difficult issues and address them.’

‘Marco Blanco is immensely hardworking and has huge insight into multi-jurisdictional tax problems. He is outstanding in dealing with clients and in finding solutions to difficult problems.’

‘They have been efficient, through and extremely reliable in all areas.’

‘Marco Blanco’s work ethic, clarity, patience and diligence have been second to none.’

Key clients

Government of India


Work highlights

  • Acting for the Government of India on a prominent tax dispute involving a bilateral investment treaty arbitration brought by Vodafone against the Government of India over its liability for a $2.6bn tax transfer of assets.
  • Advised US-based pharmaceutical company Unipharm on a large-scale cross-border M&A transaction, involving numerous cross-border issues in multiple jurisdictions which required significant international tax planning.
  • Advised Burgan Bank on the acquisition of a portfolio of US private equity funds alongside three new investments in a series of new private equity, venture capital and hedge funds, including advice on all US and international tax, corporate and regulatory matters in connection with the transaction.

De Gaulle Fleurance & Associés

De Gaulle Fleurance & Associés


‘Jérôme Labrousse is an excellent technical laywer with a detailed understanding of the French tax code.  His banking experience makes him very well informed on the commercial and financial consequences of a transaction; so he is able to advise on transactions with a full picture.’

Key clients


Société Française de Gériatrie et Gérontologie

Work highlights

  • Assisted Meeschaert with the legal and tax aspects relating to the structuring of investment funds and the operations carried out by those funds.

Degroux Brugère

Degroux Brugère

Practice head(s):

Denis Brugère; Frédéric Hennes; Nicolas Ballet; Philippe Delattre

Key clients



Société de la Tour Eiffel

Huchet Demorge

Capital Croissance

Delaby Dorison Avocats

Practice head(s):

Emmanuel Delaby; Sophie Dorison


‘Clear and solid expertise in tax law and very good responsiveness. Active and effective defense of our cases.’

‘Professional and responsive team; good knowledge and availability.’

‘The tax team is able to immediately dive into complex tax, legal and financial issues, requiring the implementation of cross-legal knowledge and extensive practical experience. The solutions offered are both sophisticated and pragmatic.’

‘Emmanuel Delaby and Florian Tumoine stand out by their availability, technicality, pragmatism and ability to embrace the various related subjects of taxation in the context of our transactions: accounting, company law, negotiation, finance etc. These qualities are decisive in assisting us with our strategic acquisitions.’

‘Perfect knowledge of all the tax issues faced by our company. Excellent availability and responsiveness of the team.’

‘Excellent level of skills at all levels.’

Key clients


Credit Mutuel



Groupe Bernard Hayot






Work highlights

  • Advising Galileo Management on the acquisition of Galileo group by a new consortium (Tethys, CCPIB, Montagu, CPIB).
  • Advising Ardian on the sale of Collecte Satellites Localisation.
  • Advising the management of Siblu on the acquisition of Siblu group by Naxicap.

DWF (France) AARPI

Practice head(s):

Vincent Lazimi


‘Vincent Lazimi and his team bring a full 360 degrees analysis of questions submitted to them. The firm always responded to our questions quickly and completely and could be reached by phone or email quite easily. The billing process was also complete and transparent. The team was engaged and thoughtful. It was consistently professional and supportive as well as being approachable. It was also very detail-oriented as well as being responsive. We always felt that we were valued as clients’

‘Very good knowledge of French and UK private client tax. Vincent Lazimi is highly responsive, available and engaged.’

‘Clear, technical and practical solutions. Vincent Lazimi is business-oriented, has great cross-border expertise and is problem-solving.’

Eight Advisory Avocats

Eight Advisory Avocats

Practice head(s):

Guillaume Rembry

Work highlights

  • Assisted IK Investment Partners with the sell-side tax due diligence (including coordination of three foreign jurisdictions) of the Colisée Group.
  • Assisted PAI Partners with the buy-side tax due diligence and tax structuring for the acquisition of Amplitude Surgical, including coordination and involvement of tax correspondents in three jurisdictions (Luxembourg, Brazil and Australia).
  • Assisted KKR with the buy-side tax due diligence of its investment in healthcare operator Elsan.


Practice head(s):

Gaelle Menu-Lejeune

Key clients











Work highlights

  • Advised MOTION EQUITY PARTNER on the tax due diligence, diligence and post acquisition restructuring of HOLWEG WEBER’s MBO bis.  
  • Assisted EA Pharma with the buyer due diligence and structuring of the acquisition of Labcatal.
  • Assisted Monyv with the purchase of a mall in the French West Indies (Guadeloupe).


Practice head(s):

Antoine Gabizon

Other key lawyers:

François de Senneville

Key clients

Greenwish Partners


Excelya Group




Glory Global Solutions Ltd


Paradox Interactive

Work highlights

  • Advised Paradox Interactive on its acquisition of Playrion from French entrepreneur Benjamin Cohen.
  • Assisted Computacenter with the acquisition of the domestic activities of BTS, the French subsidiary of BT Group.
  • Assisted Japanese multinational Glory Ltd. on a major investment (80%) in French company Acrelec.


Practice head(s):

Nicolas Message

Other key lawyers:

Sophie Jouniaux

Grant Thornton Société d’Avocats

Grant Thornton Société d’Avocats

Practice head(s):

Anne Frede; Alexis Martin; Elvire Tardivon-Lorizon; Stéphany Brévost; Pascal Luquet


Very competent, fast, flexible and to the point.

Grant Thornton offers a tax team that delivers excellent service in all areas. Regardless of who is in charge of a matter, the work is excellent which is a remarkable strength of the team.

The tax team at Grant Thornton Société d’Avocats delivers pragmatic conclusions and solutions, combined with an excellent understanding of the stakes involved for us, our business and our sector.

Key clients


Clearwater Fine Foods Ltd.

Dampierre Castle

Grape Hospitality

MFEX Mutual Funds Exchange




IK Investment Partners







I&P (Investisseurs & Partenaires)


Work highlights

  • Assisted Grape Hospitality with challenging payroll reassessments imposed by the French Tax Administration following an audit, obtaining full abandon of the payroll tax reassessments.
  • Assisted MFEX Mutual Funds Exchange with  VAT recovery rights and payroll tax payment issues, obtaining significant estimated savings, and with the best strategy for regularising the situation.
  • Advised Sofival on the acquisition of French targets.


Practice head(s):

Eric Quentin; Didier Barsus; Eugénie Berthet; Christophe Lefebvre; Jérôme Mas; Virginie Restino

Key clients











Work highlights

  • Advised the shareholders of smartTrade on Hg’s acquisition of a shareholding in the smartTrade Group, alongside the founder, the management, Keensight Capital and Pléiade.
  • Advised TSG Capital on the HLD takeover.
  • Advised Capza on its acquisition of a majority stake in Eurofeu Group.  


Practice head(s):

Philippe Rolland; Nicolas Privat

Key clients















Work highlights

  • Advising Sparring Capital and the group Proprietésprivées.com on the negotiation of its debt and the subscription of a unitranche.
  • Advising the shareholders of SOVEA on the leveraged buy-out implemented in 2019, and advising the SOVEA on the post-acquisition aspects (tax consolidation, merger, day-to-day assistance).
  • Advising the Group CFO of LONSDALE on the day-to-day tax aspects, notably in relation to employee profit sharing and management packages.

Klein Wenner

Practice head(s):

Sophie Borenstein


‘Strong desire to support clients and partners. Exchanges facilitated by rapid responses.’

‘Very interesting and constructive exchanges with Maître Sophie Borenstein. Willingness to help clients and find the best solutions. Monitoring and effective analyses of topics.’

‘The team shows a great knowledge of tax law and also of law in general, both nationally and internationally. The file is thus studied very precisely with its own requirements, but in a global context.’

‘Availability at all times. Listen and adapt to the person and their situation. Efficient.’

‘An ability to handle all cases and a great deal of expertise in international law. The firm benefits from an important network, allowing them to have contacts all over the world. KGA is clearly a benchmark in tax law practice.’

‘Sophie Borenstein is a reference in the practice of tax law. She combines expertise and versatility on all subjects. Her great strength are her interpersonal skills and ability to adapt according to situations and clients. I recommend her without hesitation.’

‘They are an absolute joy; a no-stress firm with which to work.’

‘Sophie Borenstein is sharp, attentive, proactive, patient, kind, and most definitely a staunch determined advocate for her clients. I have received uncompromised excellent service consistently. She is extraordinary. She answers emails quickly and addresses my concerns immediately. She gets to the bottom of issues quickly and effectively and most importantly communicates to me in a timely manner.’

‘KGA Avocat has both a very great knowledge of law (and not only tax) but also a strong practical experience, national and international. These elements combined as well as an excellent sense of listening make a team of formidable efficiency. The tax team, led by Sophie Borenstein, is extremely responsive, very experienced and gives personalised relevant advice with high added value and above all always with great clarity.’

‘The consistency in the quality of the advice given, the implementation and monitoring of the recommended solutions make Sophie Borenstein a particularly appreciated lawyer.’

‘Sophie Borenstein is an outstanding lawyer and I give her the highest possible recommendation.’

M B A - Moisand Boutin & Associés

Practice head(s):

Dorothée Traverse; Marie-Eve Chauvière; François Morazin


‘They put their clients first. They are always ready to support the client in every way and they approach matters as if it was their own company that was concerned.’

‘Results-focused, efficient and proactive.’

‘Highly available and very high-level technique.’

‘Marie-Eve Chauvière is a very knowledgeable person and easy to communicate with. She tells clients exactly how the situation is.’

Mamou & Boccara

Mamou & Boccara

Practice head(s):

Laurent Mamou; Elie Boccara

Key clients


Parquest Capital


Vinci Technologies

OMNES Capital





Groupe L’Anneau




Cambon Partners


Espaces Atypiques

Work highlights

  • Advised Founders on the LBO transaction with Ergon (GP Ergon acquired a majority stake in the Telenco Group).
  • Advised Founders on the LBO transaction with Dzeta (GP Dzeta acquired a minority stake in the France-based security services provider Protectim).  
  • Advised Capza on the acquisition of the Saint-Aubin group (tax audit and tax structuring).

Opleo Avocats

Practice head(s):

Pierre-Olivier Bernard

Other key lawyers:

Thomas Fitte; Aude Chartier


The team is extremely efficient and innovative in the tax solutions provided to its clients. The team is always available and responsive and a good choice for both purely French and cross-border issues. Their network of regional lawyers is proving to be extremely efficient!’

‘Pierre-Olivier Bernard is extremely specialised in taxation and LBO operations. He also masters international taxation to perfection! Thomas Fitte is also extremely efficient and proactive!’

Sekri Valentin Zerrouk

Practice head(s):

Jérôme Assouline; Thomas Verdeil

Key clients

Turenne Capital

Dai Nippon Pictures

In Groupe

Paris Society

Left Bank Group

Apax Partners

Chequers Capital


Worms Services Maritimes

Work highlights

  • Advised IN Group on the acquisition of 100% of Surys Group.
  • Advised Turenne Capital on several hotel acquisitions and disposals.

Stehlin & Associés

Practice head(s):

Catherine de Manneville; Vincent Renoux

Key clients

Lucien Barrière

Hermès International

Petit Navire




Monaco Marine

Mairie de la Garenne Colombes


Euro Ressources



Inter Invest

Relais et Châteaux



William Grant

Children Worldwide Fashion




History Group

MB 92

Mairie le Pecq

Thierry 21

Fondation de France

Hotel Castille

Eleven Paris


Tech Mahindra

Sendra (Fuxia)

Smart Wood



Sporoptic Pouilloux

1.2.3. Venture


Christophe Lemaire

Thai Union Group

Crédit Mutuel Arkéa

Le Bristol / Eden Roc




Alberta Ferreti




CCI France

Sivu Co Cli Co





Véronique Leroy

Ingie Paris

Alexandre Vauthier

Oddo BHF

Chantier Naval de Marseille

Marc le Bihan


Crêches Attitude


Work highlights

  • Assisting Expléo with reviewing current transfer pricing methods and with defining new strategies in that area.
  • Assisting GLB with tax.related issues surrounding the rebuilding of an hotel in Saint Barthelemy.
  • Assisting Lectra with its transfer pricing strategy.

Stephenson Harwood

Practice head(s):

Olivier Couraud


‘Excellent value for money; advices is appropriate and response time is well adapted.’

‘Olivier Couraud is recommended for his overall understanding of problems and his ability to explain tax matter to non-specialists.’

‘Olivier Couraud is clearly outstanding; he goes beyond the ‘traditional’ tax advice and he seeks to understand other tax systems to determine the best strategies. In my experience very few lawyers do that as fluently as he does.’

Key clients


Mata Capital

Free 2 Move (formerly Mhiri Innovation)

Les Echos – Le Parisien Group / LVMH

Work highlights

  • Advised Natixis on the tax consequences of its shareholdings in various foreign investment funds and on the tax filing obligations in connection thereto.
  • Advised Mata Capital on the tax aspects of the incorporation of several investment vehicles (SLPs, SPPICAV).
  • Advised Ahmed Mhiri, founder of Free 2 move (formerly Mhiri Innovation), known as Travelcar, on the sale of his shareholding in the company to PSA.



Practice head(s):

Thomas Thiébaut


‘A very accessible team with a drive to provide outstanding advice on short notice.’

‘Thomas Thiébaut has high standard tax expertise.’

Key clients





Work highlights

  • Advised the ALSTOM tax department on a day to day basis.  
  • Advised the FRAMATOME tax department on dealing with derivative products.
  • Advised ASSURANCE MUTUELLE DES MOTARDS on several successful litigation proceedings.

Vivien & Associés

Practice head(s):

Jérôme Chapus; Marine Pelletier-Capes


‘Marine Pelletier-Capes was diligent, responsive and highly professional at all times.’

Work highlights

  • Successfully represented Ponthieu Rabelais (a holding company of the Rothschild French family) in a litigation before the Conseil d’Etat in a matter of principle concerning the tax analysis of a foreign trust in France.

Willkie Farr & Gallagher LLP

Practice head(s):

Philippe Grudé

Key clients

PAI Partners

IK Investment Partners

Latour Capital

Sagard SAS

Arch Capital Group Ltd.

Ekkio Capital


Work highlights

  • Advised Latour Capital on its investment in Primonial Group, a major player in designing, managing and advising on investment solutions in France.
  • Advised Sagard on its acquisition of Sterimed, a leading manufacturer of sterile packaging for the pharmaceutical industry, from Meeschaert Capital Partners.
  • Advised Compagnie Nationale à Portefeuille (CNP) on the acquisition of Collecte Localisation Satellites (CLS), an international technology company specializing in providing high value-added solutions based on satellite data.