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57 AVENUE D'IENA, CS 11610, 75773 PARIS CEDEX 16, FRANCE
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Work +33 1 53 57 71 71
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www.de-pardieu.com

France

Administrative and public law
Administrative and public law - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has a strong track record of advising on complex public economic, state aid and regulatory issues in highly regulated sectors. Headed by the highly regarded Christine Le Bihan-Graf, the five-lawyer team is strongly established in the energy sector and is also appointed to work on highly strategic matters in the transport area. It is assisting blue-chip clients in various sectors in the context of privatisation projects. The team also handles regulatory issues linked to infrastructure transactions, and as such advised IPM Korea and Samsung on the acquisition of 39.24% of Dunkerque LNG, the owner and operator of the Dunkerque liquefied natural gas (LNG) terminal, from EDF. Benefiting from the firm's banking and finance expertise, the practice is also noted for PPP and infrastructure work. It recently assisted the lenders with the financing of a large high-speed internet network in the east of France.

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Banking and finance: transactional work
Banking and finance: transactional work - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has particular strength in real estate finance, alongside longstanding experience in acquisition and leveraged finance, especially in the mid-cap leveraged buyout market, general lending and refinancings. Yannick Le Gall advised Tikehau Capital on a €115m facility agreement with Conforama Group aimed at financing development projects in France and abroad. Christophe Gaillard, who jointly directs the practice with Olivier Hubert, assisted BNP Paribas with the financing of senior debt for the acquisition of Quadran by Direct Energie. The firm also acted for BNP Paribas and CrĂ©dit Agricole Corporate and Investment Bank on the financing of LaSalle Investment Management's €100m acquisition of a Paris office building from RTL Group. Other key practitioners include capital market expert Jeremy Grant and structured finance specialist Corentin Coatalem, while the team has recently been bolstered by the promotions of SĂ©bastien Bouiller de Branche and Katia Belhiteche to partner and Nicolas Bricaire to counsel. SociĂ©tĂ© GĂ©nĂ©rale, Deutsche Bank and La Banque Postale are among the practice's client roster.

Leading individuals

Emmanuel FatĂŽme - De Pardieu Brocas Maffei

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Capital markets: debt capital markets
Capital markets: debt capital markets - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei impresses with an 'extremely efficient and proactive' team that 'provides excellent assistance'. The 'outstanding' Jeremy Grant, who is English-qualified, co-directs the practice with Corentin Coatalem, enabling the group to offer English and French law expertise. In recent work, Grant advised ALD on the issue of €500m unsecured floating rate notes under its €6bn EMTN programme and Coatalem assisted Bastide with a €25m euro private placement with a six-year tenor. Delphine Vidalenc made partner. Clients also include SociĂ©tĂ© GĂ©nĂ©rale, Bank of China and CNP Assurances.

Next Generation Partners

Jeremy Grant - De Pardieu Brocas Maffei

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Derivatives and structured finance
Derivatives and structured finance - ranked: tier 2

De Pardieu Brocas Maffei

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EU, competition and distribution
EU, competition and distribution - ranked: tier 1

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei fields three dedicated EU and French competition partners as well as Barbara Levy, who specialises in distribution and IP matters. Especially noted for its contentious antitrust practice, the group also recently handled high-profile merger clearance mandates, state aid issues, and pricing and product regulation matters. Philippe Guibert heads the department and recently teamed up with Emmanuel Durand to notify the FCA of the acquisition of Unilever's baking and dessert business in France by Dr Oetker. On the contentious front, Laure Givry is currently acting on a series of follow-on damage claims arising from a high-profile cartel decision, and is representing a French company in its appeal against an FCA decision. Levy acted for Valeo before the Paris Court of Appeal in a claim against an Iranian company regarding a supply disruption. Laëtitia Gavoty Tolot was recently promoted to counsel and collaborated with Guibert to advise Batipart as shareholder of Eurosic on the latter's sale of 94.8% of its share capital to Gecina and the associated antitrust elements. Other key clients include Booking.com, the Gascogne Group and EDF.

Leading individuals

Laure Givry - De Pardieu Brocas Maffei

Philippe Guibert - De Pardieu Brocas Maffei

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Employment
Employment - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei assists a prominent client base made up of some of France’s largest energy and industrial companies: Total, Vinci Construction, La Mutuelle GĂ©nĂ©rale and Endel are clients. Led by Philippe Rozec, the ten-lawyer team was recently busy advising on major M&A transactions, including completing real estate and public M&A deals. It recently assisted Exfo with the acquisition of Astellia, and Tf1 with the acquisition of aufeminin from Axel Springer. The practice also advises on the implementation of strategic restructuring projects and voluntary departure plans and also handled litigation including URSSAF claims. Counsel Elise BĂ©nĂ©at is also noted.

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Insolvency
Insolvency - ranked: tier 1

De Pardieu Brocas Maffei

The ‘highly capable’ De Pardieu Brocas Maffei is regarded as a go-to-firm for banks involved in restructuring and insolvency cases in France. The ‘very hardworking and diligent’ core insolvency team is also increasingly retained by debtors and shareholders and is able to draw on the firm's leading corporate and finance expertise. The practice is involved in many of the country’s largest restructuring and insolvency cases every year and is also advising on multi-jurisdictional matters. It recently assisted the senior secured lenders’ ad hoc committee with CGG’s restructuring, and is acting for Toys “R” Us’ French subsidiaries in bankruptcy proceedings in France and in the US. The team has also been busy handling several other large-scale cases. Philippe Dubois and Joanna Gumpelson are highly regarded and SĂ©golĂšne Coiffet is another name to note. Experienced finance and property expert Paul Talbourdet is also active. Matthieu BarthĂ©lemy joined De Gaulle Fleurance & AssociĂ©s.

Leading individuals

Philippe Dubois - De Pardieu Brocas Maffei

Next Generation Partners

Joanna Gumpelson - De Pardieu Brocas Maffei

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Mergers and acquisitions
Mergers and acquisitions - ranked: tier 3

De Pardieu Brocas Maffei

The 'efficient, organised' and 'approachable' team at De Pardieu Brocas Maffei specialises in financial services and real estate sector transactions, but  fields a strong practice in several other sectors, ranging from agribusiness and energy to infrastructure and TMT. In addition to advising InVivo Retail on its acquisition of Jardiland from L-GAM, the group assisted Orano with its pre-sale reorganisation aimed at transferring a part of its assets to Framatome. Thierry Brocas, Patrick Jaïs, Jean-François Pourdieu and Guillaume Touttée are the names to note. With the promotions of Delphine Vidalenc to partner and Grégoire Balland to counsel, the practice further increased its footing in the market, despite the departure of counsel Alexandre Lecomte, who left for a role in-house at InVivo. Other clients include CNP Assurances, Batipart and La Banque Postale.

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Project finance
Project finance - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has strong project infrastructure finance expertise. The firm regularly advises domestic and international lenders on project financing in France. It recently handled the financing of several new mid-sized infrastructure projects and was also involved in large refinancing transactions in the broadband telecoms and energy sectors. Other work includes assisting the European Investment Bank with the refinancing of Nord-Pas de Calais’ broadband network project and advising Neoen on the refinancing of Europe’s largest photovoltaic park near Bordeaux. The firm, which is a key player in the energy sector in France, has strong financing capabilities in this area and also has considerable experience acting for sponsors on high-profile brownfield transactions. Practice head Jean-Renaud Cazali is highly respected. Also noted are Christine Le Bihan-Graf for public law issues and Thomas BrĂ©art de Boisanger for corporate matters.

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Real estate
Real estate - ranked: tier 1

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has 'a strong track record’ and ‘combines simultaneously strong technical skills and a business approach’, which help ‘to find solutions to complex situations’. The ‘excellent’ 27-lawyer team is made up of ‘dedicated experienced partners with a class of brilliant associates’ and can also rely on leading complementary corporate, tax and finance expertise. The firm handles several of the market's largest real estate transactions each year and works for the most prestigious players in the industry including French and international funds and investors and listed and non-listed property companies, as well as lenders. Headline work includes assisting Lone Star with the €1.8bn sale of the Coeur DĂ©fense building, as well as Amundi and CrĂ©dit Agricole Assurances with the €4.4bn acquisition of a 55% stake in Accor Invest from AccorHotels. In the finance real estate arena, the practice advised Allianz Real Estate on the financing of the acquisition of the 114 avenue des Champs-ElysĂ©es building, which houses Apple’s flagship store in Continental Europe. The team is led by some of the country’s most high-profile names including the ‘amazing and very practical’ Emmanuel FatĂŽme  whose ‘great commercial sense helps with solving issues’, and the equally highly regarded Paul Talbourdet. Pierre Gebarowski is a key name for real estate acquisition and finance work, alongside Guillaume Rossignol. Other key names include tax property experts Emmanuel Chauve and Alexandre Blestel, Yannick Le Gall for property finance transactions, as well as Nicolas Favre and Eric Muller on the corporate side. Property finance expert Katia Belhiteche  was recently promoted to the partnership.

Leading individuals

Emmanuel FatĂŽme - De Pardieu Brocas Maffei

Guillaume Rossignol - De Pardieu Brocas Maffei

Paul Talbourdet - De Pardieu Brocas Maffei

Leading individuals: Real estate finance

Emmanuel FatĂŽme - De Pardieu Brocas Maffei

Pierre Gebarowski - De Pardieu Brocas Maffei

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Tax
Tax - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has ‘in-depth understanding of its customers' business, is highly responsive, has the ability to provide a bird's eye view as well as dig into the details of a given issue, and is well connected with the tax authorities’. The 17-lawyer team is able to cover a large spectrum of tax issues. The group has leading expertise in the tax real estate space and regularly handles headline work in the market in this area. It notably assisted Covivio Hotels with the €976m acquisition of a luxury hotels portfolio in the UK, which consisted of 14 hotels; advised Henderson Park on the acquisition of Hotel Westin Paris-Vendîme; and acted for Fonciùre des Murs on the merger-absorption of FDM Management. ‘Trusted adviser’ Emmanuel Chauve has ‘strong technical expertise’ and is an expert in tax real estate. Alexandre Blestel, who is also highly regarded for real estate and corporate tax issues, ‘provides excellent tax advice and is very thorough’. The practice also handles the tax-related aspects of debt capital markets and banking, while litigation is another strength. It also has strong private equity and corporate tax expertise. It assisted InVivo Retail with the acquisition of Jardiland. Nadine Gelli provides advice of ‘a high standard’.

Leading individuals

Emmanuel Chauve - De Pardieu Brocas Maffei

Leading individuals: Property tax

Alexandre Blestel - De Pardieu Brocas Maffei

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France: Dispute resolution

Dispute resolution: commercial litigation
Dispute resolution: commercial litigation - ranked: tier 2

De Pardieu Brocas Maffei

The ‘client-oriented and committed’ De Pardieu Brocas Maffei draws partners from its various practice areas to deal with a wide variety of cases in addition to having fully dedicated litigators. The firm is instructed by leading banks on sensitive and large-scale banking cases, such as defending Dexia CrĂ©dit Local and Cacib in the "toxic loan" cases initiated by local public entities in connection with structured loans and derivative products. It also has experience in insolvency and real estate-related disputes. Finally, the practice is recommended for commercial litigation, international cases and complex shareholders’ disputes and corporate litigation. The firm is representing SCI Iris La DĂ©fense in a three-party dispute regarding the building of a high-rise tower in La DĂ©fense, and acted for Porcher Industries in a dispute between shareholders as a result of its takeover by Warwick Capital Partners. Paul Talbourdet, Philippe Dubois and Barbara Levy head the practice. Dominique Lefort is a key name for banking litigation. Patrick JaĂŻs, SĂ©golĂšne Coiffet and counsel Simon Le Wita are also recommended. Matthieu BarthĂ©lemy is now at De Gaulle Fleurance & AssociĂ©s.

Leading individuals: Banking litigation

Dominique Lefort - De Pardieu Brocas Maffei

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France: Industry focus

Industry focus: energy
Industry focus: energy - ranked: tier 1

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei has ‘very good knowledge of energy market regulations and efficiently answers precise and complex questions’. The practice stands out for its combination of leading regulatory, financing and corporate expertise. It receives instructions from all sides: banks, sponsors, developers, French blue-chip producers and many leading energy players. The practice recently advised on highly strategic brownfield infrastructure and M&A transactions while the financing of renewables projects in France remains a key area of expertise. Highlights included advising Orano on its reorganisation in view of its asset transfer to Framatome and the sale to EDF of a 75.5% stake in Framatome. It also assisted Total with the acquisition of the Pont-sur-Sambre and Toul Power companies which operate combined 825MW gas powered plants. The team also assisted Neoen with a €245m green bond financing for a global 1.6GW global project portfolio. Enedis, Green Yello, EDF Energies Nouvelles and Veolia are other clients. Regulatory law expert Christine Le Bihan-Graf and Jean-Renaud Cazali, who is the key name on the financing side, jointly head the practice. Patrick JaĂŻs, the ‘very good’ Thomas BrĂ©art de Boisanger and CĂ©dric Chanas are noted for corporate work.

Leading individuals: Regulatory and public law

Christine Le Bihan-Graf - De Pardieu Brocas Maffei

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France: Private equity

Private equity: LBO
Private equity: LBO - ranked: tier 2

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei focuses on instructions from investment funds in the mid-cap market, acting for buyers and sellers alike. The 'reliable' and 'creative' Jean-François Pourdieu, Guillaume Touttée and Cédric Chanas form the core practice, with counsel Sandra Benhaïm providing key support. In addition to advising assigning investors Siparex, Cathay Capital, BPI and BNP Paribas Développement on the acquisition of an equity stake in Ginger CEBTP Group by EMZ Partners, the team also assisted Five Arrows Managers with the acquisition of Menix Group from LBO Partners, closely cooperating with the firm's tax and financing departments. The group also handled work for 21 Centrale Partners, UI Gestion and Weinberg Capital Partners.

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Legal Developments by:
De Pardieu Brocas Maffei

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