Linklaters > Paris, France > Firm Profile

Linklaters
25 RUE DE MARIGNAN
75008 PARIS
France

France > Banking and finance: transactional work Tier 1

Linklaters houses top banking and finance capabilities in Paris with complementary expertise available in its London and other European offices. The team has a strong involvement working alongside leading French and international investment banks while also regularly acting for borrowers on large complex loan financing and refinancing. It also thrives in the acquisition finance arena, regularly working on large equity bridge loans and financing of public offer facilities. The team is also retained by lenders and borrowers undertaking large pan-European property portfolio acquisition, especially in the logistics sector. Key names in the team include Cyril AbtanKathryn Merryfield and recently promoted partner Rhéa Christophilopoulos. Counsel Lauren Hanley provides further support.

Practice head(s):

Bertrand Andriani

Testimonials

‘Great expertise in the field of banking and finance. The high level of technicality is very reassuring for complex or innovative cases.’

‘Cyril Abtan is very present on files and has great technical expertise in addition to being very available. ’

‘Excellent team: second to none in terms of execution capacity. Ability to understand complex issues and to innovate. Very good advice.’

‘Very available and efficient; very good understanding of clients’ interests, constraints and requests.’

‘Kathryn Merryfield is a very experienced lawyer, very qualified, providing good advice and very available. She is very helpful in understanding and negotiating legal documentation, and in finding the point of balance between the interests and demands of the parties.’

‘Very pleasant team, good understanding of customers’ issues.’

‘Very high levels of skill and availability.’

Key clients

CBRE Group

CGG

Citibank Europe Plc

Goldman Sachs

Incus Capital Advisors S.A.

JP Morgan

Legrand

Plastic Omnium

Natixis

Société Générale

Teleperformance

The Carlyle Group

Wells Fargo Bank

Work highlights

  • Advised Citi and Société Générale as joint underwriters, mandated lead arrangers and bookrunners in relation to the public offer financing of the acquisition by Schneider Electric SE of Aveva Group plc.
  • Advised Teleperformance SE (a French listed company) in relation to the financing of the public offer acquisition of Majorel.

France > Capital markets: debt capital markets Tier 1

Linklaters fields a team in Paris with both French and US capabilities and is routinely sought out by leading financial institutions and issuers. The firm has particular experience assisting clients with large bond debt issuance including ESG-linked ones. The group's workload also includes liability management and US issuances. Practice head  Véronique Delaittre is a key name for French DCM work, and Luis Roth and Cheri De Luca are experts in US-related DCM work.

Practice head(s):

Véronique Delaittre

Other key lawyers:

Luis Roth; Cheri De Luca

Testimonials

‘One of the best teams in the market, with extensive experience and market knowledge. Véronique Delaittre is the local expert.’

‘Véronique Delaittre, best bond practitioner in the area, an in-depth vision of the bond market, and an impressive ability to work under pressure and on numerous files, in addition to listening to the customer.’

‘Super responsive team, very attentive to customers, offers innovative products including ESG criteria. Without a doubt the most experienced team in Paris.’

‘Véronique Delaittre is the reference on the bond market in France. She stands out for her long experience in the field of bonds which means that she always has the perspective and experience necessary to make “tailor-made” products in relation to the expectations of her clients.’

‘The team has great strengths: very responsive, efficient, precise and proactive. Analysis is detailed and they know how to adapt to customer needs.’

‘Véronique Delaittre is efficient, attentive and knows capital markets perfectly. She is very proactive and pragmatic.’

Key clients

Banco Bilbao Vizcaya Argentaria

Banco Santander

Bank of America Securities

Barclays Bank

Bel Group

CaixaBank

Crédit Agricole Corporate and Investment Bank

EureKARE S.A.

HSBC

Iliad SA

Legrand

Lhyfe

Natixis

Nexans

Société Générale

Work highlights

  • Advised Nexans on the issuance of its inaugural sustainability-linked bond for an aggregate nominal amount of 400 million euros with a 5-year maturity and an annual coupon of 5.50 per cent.
  • Advised Eramet on the issuance of its inaugural sustainability-linked bonds in a principal amount of €500 million, with a 5-year maturity and an annual interest rate of 7 per cent. and, concurrently, on its tender offer to repurchase for cash its outstanding bonds due February 2024.

France > EU, competition and distribution Tier 1

Linklaters fields a sizeable EU and competition law team, with deep expertise across the full spectrum of merger control cases, abuse of dominance and cartel investigations, state aid issues and follow-on damages litigation (where the firm has a growing practice, acting for both claimants and defendants). The group is well equipped to take on both French and EU law mandates, frequently joining up with the Brussels and other offices to handle multi-jurisdictional cases. Anne Wachsmann is well regarded for her broad practice, with significant recent experience in high-profile merger control matters, while Pierre Zelenko and Thomas Elkins have been active in major cases in the food and beverages, banking and automotive sectors, among others. Nicolas Zacharie and Matthieu Blayney provide key support. Charlotte Colin-Dubuisson left the firm in early 2024.

Practice head(s):

Anne Wachsmann; Pierre Zelenko; Thomas Elkins

Other key lawyers:

Testimonials

‘The team is very business oriented and perfectly understands the client’s constraints and objectives in order to establish a personalized and relevant strategy. The team collaborates across multiple geographic regions, providing excellent support on complex and international issues.’

‘One of the best antitrust teams in Paris!’

‘The Linklaters Paris competition team is extremely strong with the capacity to deal with any French and European matters thanks to their size and expertise.’

‘Anne Wachsmann is one of the most respected and experienced antitrust lawyers in France. Her reputation is also excellent in Brussels thanks to her professional achievements. Issues can be discussed very openly and she is a brilliant problem solver. She is very reliable and pleasant to collaborate with.’

‘Very dynamic team which is available to its clients and has also been able to adapt to their expectations post-Covid.’

‘Thomas Elkins and Anne Wachsmann are competent, available, and have very good knowledge of the automotive industry.’

‘Thomas Elkins is pragmatic, responsive and on top of any developments in the market. We particularly appreciated his transparency and rigour when determining fixed fees.’

Key clients

Nestlé

Safran

Grand Vision

Intermarché

Engie

BNP Paribas

Plastic Omnium

Société Générale

Tarkett

Mc Kesson

GIP

LG Electronics

Stellantis

AirFrance

Sanofi

Parfum Christian Dior

Verallia

DP World Limited

Crédit Agricole

Saint Gobain

CSTB

Work highlights

  • Advised Intermarché in relation to merger control aspects of its acquisition of nearly 90 Mestdagh points of sale in Belgium (which involved successfully defending the clearance decision against Carrefour before the Brussels Court of Appeal) and the acquisition of nearly 200 Groupe Casino points of sale for €1.6 billion.
  • Advised McKesson Corporation on the merger control aspects of the sale of part of its European businesses to PHOENIX group.
  • Advised Stellantis together with worldwide electronic component supplier Foxconn (Hon Hai Precision Industry group) on the merger control aspects of the creation of their 50/50 joint venture in the development, design and supply of semiconductors for the automotive industry.

France > Industry focus: Energy Tier 1

Described as a ‘cornerstone of the energy sector in Europe’, Linklaters‘ far-reaching practice includes advice on energy regulatory and competition issues, project finance and structured products. The team is additionally praised for having the ‘full range of services needed to develop, finance, build and operate renewable energy projects in Africa and other parts of the world. Practice head Bertrand Andriani draws frequent praise for his involvement with the development and financing of energy projects in France. François April is equipped to advise on mandates involving renewables and infrastructure assets. Global project finance transactions are firmly in the wheelhouse of Stephen Le Vesconte. Pierre Zelenko is regularly tasked with major merger control matters, while Bruno Derieux‘s practice centres on corporate work in sectors including energy and infrastructure.

Practice head(s):

Bertrand Andriani

Other key lawyers:

François April; Stephen Le Vesconte; Pierre Zelenko; Bruno Derieux; Arnaud de La Cotardière; Justin Faye; Samuel Bordeleau; Aymeric Voisin

Testimonials

‘Linklaters is a cornerstone of the energy sector in Europe. It is always at the forefront of legal, commercial and technical innovation with detailed knowledge of market practices and very valuable risk allocation.’

‘In Paris, Samuel Bordeleau navigates the murkiest waters with mastery and creativity.’

‘It was very pleasant to work with the team, despite the high-stakes context of the case.’

‘Samuel Bordeleau is great at pushing new ideas and knowing how to defend them with strength and intelligence.’

‘Linklaters’ Paris team offers the full range of services needed to develop, finance, build and operate renewable energy projects in Africa and in other parts of the world. Partners like François April can cover the finance side, while Aymeric Voisin is excellent on the project side.’

‘I have experience in particular with Aymeric Voisin in connection with the development and project financing of renewable energy projects in Africa. Aymeric is both technically excellent, and a dynamic and committed advisor.’

Key clients

Vauban Infrastructure Partners

NW Storm

Kouros Investment

Eurazeo

Marguerite

RES (now QEF)

Nexans

Lhyfe

Legrand

Bpifrance

The Japan Bank for International Cooperation (JBIC)

The European Investment Bank (EIB)

Yunneng Wind Power Company Ltd

Glencore Energy UK Limited

Boralex

The Export-Import Bank of Korea

Africa Finance Corporation

Bpifrance

Helexia SA

Q Energy

Work highlights

  • Advised NW Storm, France’s first energy transition unicorn, on its latest fundraising, valuing the group at €1.5 billion.
  • Advised the Japan Bank for International Cooperation (JBIC) and a syndicate of 16 banks on all aspects of the landmark limited-recourse financing of the 488 MW Îles d’Yeu et de Noirmoutier offshore wind farm.
  • Advised Lhyfe, a French pure player specialised in the production of green hydrogen, on its initial public offering and listing on the regulated market of Euronext in Paris.

France > Intellectual property: Patents Tier 1

Linklaters' patents practice, led by litigation expert Pauline Debré, has extensive experience in representing major clients in national and cross-border patent disputes, often spanning multiple jurisdictions. The client base includes healthcare, mobility, and telecoms sector entities. Gaëlle Bourout garners praise for her expertise in advising on patent litigation.

Practice head(s):

Pauline Debré

Other key lawyers:

Gaëlle Bourout; Jean-François Merdrignac

Testimonials

‘Excellent intellectual property (IP) team. Able to manage very large international cases and very used to leading complex litigation processes.’

‘Pauline Debré stands out for her strategic visions.’ 

‘Extremely efficient team in its approach to science and IP.’

‘Linklaters’ team is one of the top patent litigation practices in France. The IP practice is headed by Pauline Debré in Paris who has a wealth of experience in patent litigation advising both on offensive and defensive strategies as well as getting involved in multi-jurisdictional cross-border patent litigations. Pauline is supported by dual qualified lawyer and patent attorney Gaëlle Bourout, who has experience as an examiner at the EPO.’

‘The team does punch above its weight.’

Key clients

Sanofi

ViiV Healthcare ; GSK

Plastic Omnium

Intel Corporation

Halozyme Therapeutics

CDPQ

Crédit Agricole

Seoul Semiconductor Co. Ltd.

Bel

ITM Entreprises SA

EIC Fund SA

eureKING (SPAC)

Work highlights

  • Acting for Halozyme in an appeal against the decision of the French Intellectual Property Office (INPI) to refuse the client’s SPC application.

France > Project finance Tier 1

Distinguished by its ‘great ability to understand the expectations and issues faced by the client’, the team at Linklaters handles all aspects of project structuring and financing. Its expertise cover the gamut of sectors, and it has particular strength with regards transportation, renewables, and infrastructure projects. The group is led by Bertrand Andriani, who has vast knowledge of major infrastructure and energy project financings in France and Francophone Africa. Additional key figures include François AprilStephen Le Vesconte, Justin Faye, and the ‘particularly efficient’ Samuel Bordeleau. Darko Adamovic left the firm in July 2023.

Practice head(s):

Bertrand Andriani

Other key lawyers:

Testimonials

‘The team demonstrates a great ability to understand the expectations and issues faced by the client.’

‘Justin Faye stands out for his availability, responsiveness and creativity. He is constantly looking for solutions to best safeguard the interests of clients.’

‘Very high availability. The team gives the feeling that we are being listened to. When we make a request, it is respected and the result is provided on time, even when the situation is sometimes complex.’

‘Samuel Bordeleau is particularly efficient and has a very good knowledge of our activity as well as our organisation. He is always available and responds precisely to our expectations, particularly under the pressure inherent to our activity. This is a real asset for the smooth running of our projects.’

‘Aymeric Voisin’s team have a particular expertise in a number of jurisdictions in Africa that is unique. Their understanding of Francophone countries is invaluable for our business.’

‘Linklaters remains one of the standout firms with a clear knowledge and expertise in French Africa.’

‘The team has the capacity and know how to advise on the full spectrum of a mining project in challenging jurisdictions where we operate in, from greenfield to groundfield. Their on the ground experience is also invaluable and makes them a key go to firm.’

‘Depth of experience and breadth of expertise and excellent quality of work.’

Key clients

Africa Finance Corporation

Boralex

Bpifrance

Ecobank Development Corporation

European Investment Bank

ENGIE Green France SASU

Fortescue Metals Group

Glencore Energy UK Limited

Green Investment Group Limited

GuarantCo

Helexia SA

International Finance Corporation

Meridiam SAS

Mirova

National Bank of Kuwait

Octopus Renewables Limited

Proparco

Q Energy

The Emerging Africa Infrastructure Fund

The Export-Import Bank of Korea

Valeco

Voltalia S.A.

Windvision Belgium NV

Yunneng Wind Power Company Ltd

Work highlights

  • Advised the Japan Bank for International Cooperation and a syndicate of 16 banks on all aspects of the limited-recourse financing of the 488 MW Iles d’Yeu et de Noirmoutier offshore wind farm.
  • Advised Helexia as sponsor on all aspects of the limited-recourse refinancing of c.600 solar power plants and energy efficiency projects, including the structuring and implementation of a cross-border corporate restructuring carried out before the refinancing.
  • Advised on a debt and equity rebaselining arising as a result of significant cost overruns during the construction of the 640MW Yunlin offshore wind farm in Taiwan.

France > Derivatives and structured finance Tier 2

Linklaters has considerable securitisation expertise that spans a comprehensive range of products: auto and other consumer loans, ABS and trade receivables as well as acquisitions and related financing of non-performing loan portfolios. The Paris team also works in close combination with colleagues from the firm’s international offices to handle cross-border transactions, assisting both originators and investment banks. Practice head Patrice Doat is highly regarded and is support by counsel Guillaume Malaty. Of note, derivatives expert counsel Vincent Poilleux left in May 2023.

Practice head(s):

Patrice Doat

Other key lawyers:

Key clients

Arrago

BNP Paribas

Société Générale

Société Générale CIB

ABN AMRO Bank N.V.

Crédit Agricole CIB

Crédit Agricole S.A.

Work highlights

  • Advised Arrago, a French Fintech start-up, as sponsor and originator, on the design of their reverse mortgages (prêts viagers hypothécaires) origination process and the setting-up of their first refinancing vehicle.
  • Advised BNP Paribas (BNPP) as arranger and senior lender in the structuring of the first car fleet securitisation of Virtuo in France, Spain and Germany.

France > Dispute resolution: Commercial litigation Tier 2

Linklaters' litigation team is entrusted with the management of a range of cases, spanning commercial, financial, corporate, civil and criminal liability litigation in France, in addition to handling high-stakes cases in Africa. The practice represents a prominent client base of French and international companies and investment funds, across various industry sectors in major commercial disputes, including top antitrust follow-on cases and commercial relationship disputes linked to inflation. The team’s involvement also extends to regulatory disputes, notably in the stock-market area. Practice head Arnaud de La Cotardière and Jean-Charles Jaïs are strong names, while counsel Eleonore Hannezo provides additional support.

Practice head(s):

Arnaud de La Cotardière

Other key lawyers:

France > Dispute resolution: Stock market litigation Tier 2

Linklaters has extensive experience advising companies, investment funds and financial newspapers in dealing with stock-market breach investigations led by the AMF. In addition, the firm is also regularly retained to act in stock-market battles pertaining to major M&A and squeeze out transactions. Arnaud de La Cotardière and Jean-Charles Jaïs are the key names.

Practice head(s):

Arnaud de La Cotardière

Other key lawyers:

France > Insolvency Tier 2

Linklaters’ team boasts expertise in the field of restructuring and insolvency, regularly tackling intricate restructurings on both domestic and international fronts. Their counsel extends to a diverse client base, including shareholders, management, creditors, investors, and debtors. Co-heading the practice is Aymar De Mauléon, a seasoned professional with over 35 years of experience in insolvency and restructuring. His involvement in high-profile restructurings, such as Casino, Orpea, and Rally, is complemented by his proficiency in insolvency-related litigation. Collaborating as co-head is Carole Nerguararian, who engages across the full spectrum of processes, spanning from out-of-court to judicial proceedings, specialising in cross-border financial and operational restructuring; leveraging the firm’s international network to handle global cases effectively.

Practice head(s):

Aymar de Mauléon; Carole Nerguararian

Testimonials

‘A dedicated team with a force of innovative proposals for complex situations encountered in the context of international restructurings.’ 

‘The team is responsive, detail-oriented, precise and highly competent.’ 

‘They have great availability and strong attention paid to the customer and their needs.’ 

‘Aymar de Mauléon offers professionalism, pedagogy, confidence, leadership and experience.’

Key clients

Barry Callebaut

BPCE (Crédit Foncier de France)

CGG

European Investment Bank

DIIS group (Orpéa matter)

European Bank forof Reconstruction and Development

French Ministry of the Economy (acting through CIRI, its special situation team)

IDI

IJohn CockerillITM Entreprises

KKR (Famar matter)John Cockerill

MontaguKKR (Famar matter)

New Look groupMontagu

Paprec GroupNew Look group

ProthinPaprec Group

Prothin

Sienna AM France (formerly Acofi Gestion) (La Grande Récré matter)Prothin

Solvay Energy Services

Walor InternationalSienna AM France (formerly Acofi Gestion) (La Grande Récré matter)

Work highlights

  • Advising the John Cockerill group in the distressed take-over of Hamon, which involved combined Belgian and French insolvency processes coupled with M&A transactions regarding the various foreign subsidiaries whose assets/shares are to be acquired.
  • Advising Montagu as part of 2 successive conciliation proceedings being opened in respect of the portfolio group Aqualung, in order to effectaffect the financial restructuring of the group and to organise its sale to the benefit of one of its lenders.
  • Advising Groupement Les Mousquetaires as part of the business negotiations with Casino and the key stakeholders within the framework of conciliation proceedings, on the acquisition of several batches of sale of circa 190 sale points, as part of Casino’s financial and operational restructuring.

France > Intellectual property: Trade marks and designs Tier 2

Linklaters’ IP department, led by Pauline Debré, places a robust emphasis on trade mark litigation, demonstrating proficiency in both national and cross-border cases. The team also possesses valuable experience in managing the IP facets of M&A transactions, ensuring seamless transitions for trade mark portfolios. What sets this team apart is its systematic cross-practice approach, fostering close collaboration with colleagues in competition, arbitration, corporate, tax, and public law, providing a distinct advantage over other IP boutique firms. Notably, the team maintains a close synergy with our antitrust experts across Europe and the US, responding effectively to the increasing significance of antitrust considerations in commercial strategies, particularly within the pharmaceutical and telecommunications sectors.

Practice head(s):

Pauline Debré

Other key lawyers:

Jean-François Merdrignac; Laetitia Nicolazzi

Testimonials

‘The Linklaters team have been performing at the very high standards that we have come to expect from them in terms of professionalism, expertise, availability, ability to adeptly explain and communicate legal technicalities to a business audience have all been their strengths in this project.’

‘Pauline Debré and Laetitia Nicolazzi’s expertise, promptness, availability, practical approach, solution-oriented proposals are particularly appreciated.’

Key clients

Nestlé Health Science

Plastic Omnium

CDPQ

Crédit Agricole

Bel

EureKing

Work highlights

  • Assisting Nestlé SA and Nestlé Health Science in the drafting and negotiation of a joint-collaboration agreement (together with subsequent IP license agreement) with the French biotech company Enterome, involved in developing first-in-class immunomodulatory drugs based on a unique ability to de-code the gut microbiome’s interaction with the immune system.
  • Assisting on the acquisition by Plastic Omnium, a French tier 1 auto supplier of the automotive lamps business from Indian group Varroc.
  • Advised the Caisse de dépôt et placement du Québec (CDPQ), a Quebec-based institutional investment fund, on the exclusive negotiations with SNCF and DWS on the proposed sale of Akiem, a leading provider of freight locomotive leasing services in France and Europe.

France > Mergers and acquisitions Tier 2

Linklaters has a very strong bench that allows the firm to handle a wide range of matters, from public and private M&A to strategic partnerships and corporate reorganisations. The firm has a strong domestic practice and is also adept at handling cross-border deals. It advises a prominent French and international client base of companies and investment funds. The team has a core focus on the large-cap market and regularly advises on strategic transactions, spanning sectors including insurance, automobile, retail and infrastructure. The practice is headed by Bruno Derieux, who will be joined in summer 2024 by Hubert Segain from Herbert Smith Freehills LLP. The team also includes Pierre TourresPierre Thomet, Nicolas Le Guillou and Alain GarnierMehdi Boumedine was promoted to partner in 2023.

Practice head(s):

Bruno Derieux; Hubert Segain

Other key lawyers:

Pierre Tourres; Pierre Thomet; Alain Garnier; Florent Mazeron; Nicolas Le Guillou; Mehdi Boumedine; Julien Bourmaud-Danto

Testimonials

‘Availability, expertise and experience’

‘Excellent team, ultra professional and sharp. In-depth understanding of the situations to be managed and informed advice. Smooth collaboration, total availability in case of need/emergency.’

‘Pierre Tourres is absolutely exceptional.’

‘Strong business orientation and competence across the entire chain from M&A to completion, including financing, intellectual property or competition law. Very good availability.’

‘The team has an excellent level of expertise to carry out complex operations.’

‘Nicolas Le Guillou demonstrates formidable efficiency in complex negotiations with great responsiveness.’

‘Effective. Proactive.’

‘Nicolas Le Guillou: commercial and deal orientated, helpful in driving process forward and highlighting key issues for the client without getting bogged down in smaller points.’

Key clients

LeasePlan

Nexans

Stellantis

Hillenbrand

Plastic Omnium

Groupement Les Mousquetaires

Aptar Group

Genfit

Unibel

Alliance Electronics

Acrotec

Sanofi Aventis Group

Crédit Agricole Consumer Finance

CACEIS

Barclays

Crédit Agricole Leasing & Factoring

Caisse Fédérale du Crédit Mutuel Nord Europe (CFCMNE)

Vauban Infrastructure Partners

NW Storm

DP World

Atlas Arteria

Otium Capital

Kouros Investment

Qatar Investment Authority

Peninsula Capital and Florac

Caisse de dépôt et placement du Québec (CDPQ)

EQT Infrastructures

Extendam

Work highlights

  • Advised the shareholders of LeasePlan, a TDR-led consortium, on its successful combination with ALD, Société Générale’s car leasing division, for €4.8bn.
  • Advised Nexans on its entry into exclusive negotiations with Syntagma Capital to acquire its Telecom Systems division.
  • Advised Crédit Agricole Consumer Finance and Stellantis on the signing of a binding agreement for the acquisition of 6 European subsidiaries of ALD and LeasePlan.

France > Private equity: LBO Tier 2

The practice at Linklaters is frequently instructed by private equity houses seeking assistance with primary and secondary buyouts, restructurings, refinancings and consortium deals. Practice co-head Bruno Derieux specialises in public and private M&A, corporate governance issues, and buyouts, with particular experience in the infrastructure and energy segments. Alongside him, corporate all-rounder and 'exceptional talent' Florent Mazeron garners praise for his 'very strong legal and diplomatic skills'.

Practice head(s):

Bruno Derieux; Florent Mazeron

Testimonials

‘Florent Mazeron is an exceptional talent. Very strong legal and diplomatic skills. He is much more than the lawyer accompanying you on the legal aspects of a deal. He is a true dealmaker.’

Key clients

ARDIAN

Caisse de dépôt et placement du Québec (CDPQ)

Carlyle

Cross-Border Impact Ventures (CBIV)

Cobepa

EIC Fund (European Innovation Council Fund)

EQT Infrastructure

Eurazeo

Extendam

InfraVia Capital Partners

Ivanhoé Cambridge

Kouros Investment

Marguerite

Montagu Private Equity

NW Storm

Peninsula Capital

Qatar Investment Authority

Tassec Investment Holdings Africa

TDR-led consortium

Vauban Infrastructure Partners

Work highlights

  • Advised a TDR-led consortium, the shareholders of LeasePlan, on its successful combination with ALD, Société Générale’s car leasing division, for €4.8bn.
  • Advised Cobepa on the sale of Scalian Group, a leading European consulting firm in digital transformation, project management and operational performance to Wendel.
  • Advised EQT Infrastructure on the acquisition of a majority stake in Trescal, a global leader in calibration laboratories.

France > Real estate Tier 2

Praised as ‘exceptional in all respects, both in terms of legal mastery and negotiation skill’, the team at Linklaters is well-placed to handle real estate matters such as disposal, planning, zoning, development, construction, investment, commercial leases and sales. Françoise Maigrot steers the practice and shines on complex transactions which involve real estate, corporate, regulatory, financial and tax elements. The group’s strong associate ranks include active practitioners Saadoun Alioua, Camille Lapeyre and Marine Hennequin, who ‘stand out from their colleagues for their commitment, availability and their broad expertise’.

Practice head(s):

Françoise Maigrot

Testimonials

‘Strong in many aspects: transactions (purchase negotiation, sale, legal due diligence), rental negotiations (commercial leases, amendments), and structuring (creation of vehicles, such as specialised funds, associate agreements and management contracts). The team is exceptional in all respects, both in terms of legal mastery and negotiation skill.’

‘Françoise Maigrot, Saadoun Alioua, Camille Lapeyre and Marine Hennequin stand out from their colleagues for their commitment, availability and their broad expertise. They give the impression that we are a priority customer, which is appreciated.’

‘Very professional, with a keen sense of service. The lawyers really listen to the client and do not hesitate to say if the client is going in the wrong direction. Real advice.’

‘Françoise Maigrot is a very accessible, experienced dealmaker.’

‘A very serious, proactive, available and, above all, very friendly team.’

Key clients

Ardian Real Estate

BAE Systems Pension Funds

Balzac REIM

Bank of America

Barings LLC

BNP Paribas Real Estate Investment Management

CACEIS

CBRE Global Investors

Columbia Threadneedle Real Estate

Credit Suisse

Credit Suisse Asset Management

Digital Realty

DWS Grundbesitz GmbH, Paris Branch

Elevations Partners

Employees Provident Fund

Goodman

HSBC

IGIS

Incus Capital Advisors S.A.

Invesco Real Estate

JP Morgan

JR AMC

King Street Capital Management, LP

Lasalle Investment Management

Mandarin Oriental

National Australia Bank

Neovia Logistics

Northwood Investors

Nuveen Real Estate Management Limited

NW Storm

Octopus

Public Sector Pension Investments

Ramsbury

Round Hill Capital

SEDCO Capital

Shurgard

Smart IM

Sogecap

Swiss Life

Tristan Capital Partners

Verlinvest

Vitura

Zurich Insurance

Work highlights

  • Advised Ardian Real Estate European Fund II (ARREEF II) on the setting up of a joint venture with AOG and Emerige through a special purpose vehicle under the form of an FPS (regulated fund) for the carrying out of a major development at Ile Seguin in Boulogne Billancourt.
  • Acted for Barings in the context of a sale and leaseback relating to four hypermarkets Cora.
  • Advised Crédit Suisse Asset Management and Balzac REIM on the signing of a commercial lease for an office property in the 8th arrondissement of Paris.

France > Tax Tier 2

The tax practice at Linklaters is well regarded for its broad expertise in transactions, including M&A, LBOs, corporate reorganisations and real estate deals. On the finance front, the team advises on acquisition financings, structured financings, investment fund structuring, issuance of publicly traded securities and IPOs. Clients span an array of domestic and international companies, private equity firms, investment banks and financial institutions. The practice is led by Edouard Chapellier, whose expertise lies in the structuring and launch of private equity and real estate investment funds. Cyril Boussion is also an active member of the team.

Practice head(s):

Edouard Chapellier

 

Other key lawyers:

Testimonials

‘The team works very well together, and this interconnection between individuals allows the tax team to provide comprehensive and qualitative work. The use of different technological tools allows us to affirm that it is also an innovative team.’

‘Edouard Chapellier has a special place within the tax team. He demonstrates a real understanding of the issues of law applied to his clients’ ecosystem, which allows him to guide his teams and use the most effective strategies, meeting our expectations.’

‘Very technical team with developed know-how in negotiation, particularly with Anglo-Saxon interlocutors who do not understand continental European taxation. ’

‘Cyril Boussion: very good technical knowledge and capacity for new developments. Good listening skills and alignment with customer needs/constraints.’

‘Good quality advice with quick turnaround times. More pragmatic and commercially attuned than other advisers.’

‘Edouard Chapellier in particular is a fantastic partner to our business. He clearly understands our commercials and always ensures he tailors his advice to our commercial sensitivities.’

‘Very competent – one of the best specialists in the taxation of private equity funds.’

Key clients

Qatar Investment Authority

Cobepa

Unibel

CACEIS

NW Storm

DP World

Vauban Infrastructure Partners

Group Otium

Ardian

OW Offshore SL

JBIC

Montagu Private Equity

Rio Tinto

Cerberus/My Money Bank

Marguerite Adviser

RES (now QEF)

InfraVia Capital Partners

Work highlights

  • Advised Qatar Investment Authority on the tax aspects of its investment in InnovaFeed as part of a fundraising of a total amount of 250 million euros.
  • Advised CACEIS, the asset servicing banking group, a subsidiary of Crédit Agricole S.A. and Santander, on the tax aspects of the negotiations of a Memorandum of Understanding with Royal Bank of Canada (RBC) for the acquisition of RBC Investor Services operations in Europe and associated transactions.
  • Advised Unibel (holding company of the Bel group listed in Euronext Paris) on the tax aspects of the public buy-out tender offer (offre publique de retrait) filed by Unibel on Bel and subsequent squeeze-out of Bel’s minority shareholders (retrait obligatoire).

France > Administrative and public law Tier 3

Linklaters hired Fanny Mahler, who was previously with Magenta, in September 2023 to head its practice after former practice head Pierre Guillot left the profession. Mahler joins a stable and cohesive public law team that includes counsel Pierre Sikorav. The public law team is an essential component of the firm’s thriving project practice and the team works hand-in-hand with its project finance colleagues on large transport and energy projects in France and Africa. The public law team also has strong regulatory advice that notably provides key guidance to leading companies on Russian sanctions and foreign investment authorisations.

Practice head(s):

Fanny Mahler

Other key lawyers:

Testimonials

‘Unique combination of technical skills and excellence in relationship building. Their strengths lie in their proactivity and deep knowledge of our business and transaction history, allowing them to anticipate our needs and offer tailor-made solutions.’

‘The team is resolutely innovative, particularly in their promotion of diversity and their method of collaboration, extremely flexible and accommodating to our constraints.

‘Pierre Sikorav particularly stands out, as his excellent technical knowledge, paired with a strong understanding of our business and needs, ensure that he is always well-prepared and informed, allowing him to provide top-notch legal advice. They have strong interpersonal relationships.’

‘Pierre Sikorav doesn’t just see us as projects or cases; he sees us as partners in a journey, ensuring a fruitful collaboration based on trust and mutual respect. His pragmatic and efficient approach allows him to provide clear, actionable advice. Furthermore, when it comes to managing challenging projects involving numerous stakeholders, He excels in coordination and communication, ensuring that everyone is aligned and informed. ’

‘Very innovative team in its communication and support.’

‘Pierre Sikorav is a rising star who always makes the effort to translate legal issues into our operational issues. ’

Key clients

Boralex

Bpifrance

Caisse de dépôt et placement du Québec (CDPQ)

French Ministry for the Environment

GuarantCo

Helexia SA

Intermarché

Meridiam

NGE Concessions

Rio Tinto Iron Ore Atlantic Limited

RWE AG

SMBC Bank International plc

Société Générale

Solvay Energy Services

The European Investment Bank

The Japan Bank for International Cooperation (JBIC)

Work highlights

  • Advised on the competitive bidding process, the signing of the concession contract, and the limited-recourse financing advising the lenders of the A69 motorway.
  • Advised the lenders (Société Générale Cameroun, Société Commerciale de Banque Cameroun et Société Générale) on the local currency financing of a PPP involving the construction, maintenance and operation of 14 new toll booths in Cameroon.
  • Advised Bpifrance in the structuring and contracting of the Renewable Energy Guarantee Fund (GER), announced by the French government in November 2022.

France > Banking and finance: Bank regulatory Tier 3

Linklaters assists a diverse client base of French and international banks, asset management funds and insurers, providing key guidance on a large array of financial regulations and key support during M&A deals undertaken in the financial services sector. Regulatory enforcement is also dealt with. Derivatives, asset management, fintech and ESG are key areas of involvement, while the French team can also rely on a strong European platform. The team is led by Ngoc-Hong Ma and counsel Laurent Benoit.

Practice head(s):

Ngoc-Hong Ma; Laurent Benoit

Testimonials

‘Linklaters is a very dedicated law firm. One of their highlights is the capability to render their service all around Europe. The lawyers are responsive, efficient, are very receptive to collaborating with in-house legal, and it is always a pleasure to work with them. They are exceptional at their work with financial regulation and regulatory matters. They have always worked diligently and with a lot of dedication. They are quick problem solvers and very reliable to handle any situation with the local institutions.’

‘Laurent Benoit and Héloïse Daste are very dedicated and very professional people. They always give us the best support along with the most diligent attention to our needs. The team is very well prepared to handle any situation that comes their way. By having offices all around Europe, it facilitates the service rendering and makes the whole operational side run more fluidly. ’

‘Excellent level of services. ’

‘Very responsive’.

‘Ngoc-Hong Ma is professional, responsive and has a great positive attitude.’

Key clients

Bpifrance

CACEIS Bank

Caisse Fédérale du Crédit Mutuel Nord Europe

Groupe Bruxelles Lambert SA

Macquarie Capital (Europe) Ltd

Morgan Stanley Investment

Société Générale

TDR Capital

Work highlights

  • Advised CACEIS, a subsidiary of Crédit Agricole S.A. and Banco Santander, in the context of its acquisition of RBC Investor Services operations in Europe.
  • Advising various clients on ESG matters.
  • Advised Bpifrance on the structuring of the Renewable Energy Guarantee Fund (Fonds de Garantie Énergie Renouvelable), announced by the French government in November 2022.

France > Capital markets: equity capital markets Tier 3

Linklaters handles ECM, equity linked and US and international capital markets work on behalf of issuers and underwriters. Luis Roth is an expert at advising on securities offerings involving US investors. Of note, Bertrand Sénéchal left the firm early 2024.

Practice head(s):

Véronique Delaittre

Other key lawyers:

Key clients

Banco Bilbao Vizcaya Argentaria

Banco Santander

Bank of America Securities

Barclays Bank

Bel Group

CaixaBank

Crédit Agricole Corporate and Investment Bank

EureKARE S.A.

HSBC

Iliad SA

Legrand

Lhyfe

Natixis

Nexans

Société Générale

Work highlights

  • Advised Nexans on the issuance of its inaugural sustainability-linked bond for an aggregate nominal amount of 400 million euros.
  • Advised Eramet on the issuance of its inaugural sustainability-linked bonds (SLB) in a principal amount of €500 million.
  • Advised Lhyfe on its initial public offering and listing on the regulated market of Euronext in Paris.

France > Data privacy and data protection Tier 3

Linklaters' data protection offering encompasses advice on the implementation of GDPR compliance programmes, data management strategies and the conduct of GDPR audits. The unit is also well placed to advise on personal data breach responses. ‘Excellent technicianSonia Cissé leads the team and frequently leverages her TMT expertise to advise on a wide range of data protection issues, including those related to new technologies such as AI. Clémentine Richard and Faustine Piechaud provide key support.

Practice head(s):

Sonia Cissé

Testimonials

‘The Linklaters team is very talented and has detailed knowledge in the field.’

‘Sonia Cissé is a brilliant, talented partner, and is daring in her approach to issues linked to new technologies and innovative in the solutions she offers to her clients.’

‘A very attentive, diverse team which responds quickly and clearly. The quality of work and service is excellent. We have a very good working relationship.’

‘Sonia Cissé is excellent – she takes the time to explain the project processes, she makes working together easy and pleasant, and has very good communication skills.’

‘Sonia Cissé allies legal rigour and operational excellence.’

‘The Linklaters team is, by far, the best I have ever worked with.’

‘Special mention to Sonia Cissé, an excellent technician who does not forget to be very pragmatic.’

Key clients

CACEIS

Work highlights

  • Advising CACEIS on the data protection issues surrounding the acquisition of RBC Investor Services’ operations in Europe.

France > Dispute resolution: International arbitration Tier 3

Linklaters is particularly active in cases concerning Africa (Gabon and Senegal) and the Middle East, dealing with mining, natural resources, energy and construction-related issues. The Paris team, which regularly combines forces with colleagues from the firm’s other international offices, also handles M&A arbitration disputes and is present in cases pertaining to various other parts of the world including Portugal and Latin America. The team mainly acts in commercial arbitration but also manages some investment disputes while exequatur proceedings is another field of expertise. Practice head Roland Ziadé is the key figure in the team, while senior litigator Arnaud de La Cotardière and counsels Andrew PlumpMaria Mitaeva and Claudia Cavicchioli also contribute.

Practice head(s):

Roland Ziadé

Testimonials

‘Works as a team. Talented, constantly listening to clients’ aspirations.’

‘Good knowledge’.

‘Andrew Plump is an exceptional and dedicated lawyer.’

Key clients

Republic of Gabon

Jordan Phosphate Mines Company PLC

Lebanese Broadcasting Corporation International

Republic of Senegal

Work highlights

  • Successfully represented the Republic of Gabon in obtaining the setting-aside by the Paris Court of Appeal of a EUR135m ICC arbitral award that had been rendered in favour of Groupement Santullo-Sericom in November 2019.
  • Successfully represented Jordan Phosphate Mining Company in obtaining a decision from the Paris Court of Appeal in November 2021, entirely rejecting the adverse party’s setting-aside challenge to an ICC 2019 Final Arbitral Award in favour of the client.
  • Successfully represented Lebanese Broadcasting Corporation International (LBCI) in an ICC arbitration and subsequent proceedings before French courts.

France > Employment Tier 3

Linklaters handles standalone employment matters as well as the labour aspects of M&A transactions for major international companies. The team is notable for its expertise in reorganisation matters, downsizing, collective lay-offs, voluntary departure plans, collective agreements, negotiations, and employee representatives’ consultation. Industry veteran Lionel Vuidard leads the practice alongside Géric Clomes.

Practice head(s):

Lionel Vuidard; Géric Clomes

Testimonials

‘A truly international firm ready to understand the needs of a multinational company.’

‘The team is well balanced with complementary expertise and approaches.’

‘The team is very professional and competent. The team is also pragmatic, efficient and very quickly understands the situation and the requests of their clients.’

‘Lionel Vuidard is one of the best specialists in social law in France. In addition to his deep legal experience, he is very pragmatic, his opinions are clear and directly applicable. He responds clearly to simple or complicated problems submitted to him by his clients. He also immediately understands the context and the questions asked by them. In addition, he manages the social law department of Linklaters Paris with great efficiency. ’

‘Lionel Vuidard has a strong team and has effectively guided us through, and provided tactical advice on, French employment law.’

‘Lionel Vuidard is experienced and practical in his approach.’

Key clients

CGI France

Semtech

CACEIS

LG Electronics

Nestlé

EPI

Moelis & Company

Carrier Global Corporation

Bonhams France SAS

Groupe BEL / Unibel

Vivescia

Bloomberg

Project44

State Street Bank

Bank of America

RTL Group

MAESA

SWIFT

XTX Markets

Green Investment Group Limited

Kentucky Fried Chicken

Mandarin Oriental Hotel Group

Deutsche Bank

UniCredit

Work highlights

  • Advising CGI on strategic litigation and advisory matters.
  • Advising Sierra Wireless regarding the implementation of a reorganisation and collective redundancy plan involving 99 job positions in France.
  • Advised CACEIS, the asset servicing banking group, a subsidiary of Crédit Agricole S.A. and Banco Santander, on the employment aspect of the acquisition of RBC.

France > Private equity: Fund formation Tier 3

Linklaters‘extensive’ team is equipped to handle the structuring and creation of private equity vehicles, UCITS, ETFs, and debt funds, in addition to handling related corporate, regulatory and tax aspects. The group is jointly led by Ngoc-Hong Ma, who advises private equity funds on regulatory aspects of fund management; and tax and investment management specialists Edouard Chapellier and Cyril Boussion, the latter of whom is lauded as an ‘excellent technician and excellent negotiator’.

Practice head(s):

Edouard Chapellier; Cyril Boussion; Ngoc-Hong Ma

Testimonials

‘Undoubtedly the best team out there. Extensive team capable of handling a wide variety of files on all aspects, legal, regulatory and tax. The associates are very creative.’

‘The team has excellent knowledge of the regulatory and tax environment, market practices and also has excellent knowledge of the entire European environment. Its ability to benchmark requests during the negotiation phases is of great comfort.’

‘Cyril Boussion is an excellent technician and an excellent negotiator. His training (and practice) as a tax specialist brings a lot of comfort in structuring. Philippe Ludwig is a very talented collaborator who is very pleasant to work with.’

Key clients

Ardian

Hy24

CAPZA

Partech Partners

Otium Capital

Axa Venture Partners

Work highlights

  • Advised Ardian on the $5.25bn fundraising of its latest infrastructure secondaries fund – Ardian Secondary Fund VIII Infrastructure (ASF VIII Infrastructure).
  • Advised CAPZA on the successful first closing of its CAPZA 6 Private Debt fund at c. €1.2bn, with strong visibility on an additional €200m commitment.
  • Advised Partech Partners, a global technology investment firm, on the closing of Partech Growth II, at €650M.

Algeria > Foreign firms

With practitioners based in Paris and London, Linklaters continues to act on significant transactions in Algeria and offers abundant strength across a multitude of key practice areas, including corporate, finance and dispute resolution. The firm is increasingly active in a number of key economic sectors, including mining, renewable energy, fintech and digital infrastructure. Practice head Bertrand Andriani has over three decades of experience handling major project financings, insolvencies and corporate restructurings. Counsel Aymeric Voisin is also a name to note; he specialises in complex projects in the mining, infrastructure, industrial and agribusiness sectors.

Practice head(s):

Andrew Jones; Bertrand Andriani

Other key lawyers:

Key clients

BHP Billiton International Services

Work highlights

  • Advising BHP (formerly BHP Billiton) on the sale of its upstream Algerian oil and gas assets located in the Ghadones Basin (Rhourde El Louh and Sif Fatima) to ENI for c. $210m.

Morocco > Foreign firms

Linklaters operates in the Moroccan market through its Paris office. Led by Andrew Jones and Bertrand Andriani, the firm handles cross-border acquisitions, project finance, and joint ventures for both international and domestic clients. Pierre Tourres provides advice on cross-border M&A deals for large international businesses.

Practice head(s):

Andrew Jones; Bertrand Andriani

Other key lawyers:

Key clients

Nexans SA

Compagnie Plastic Omnium

TAQA Energy B.B.

BNP Paribas

Stellantis

Foxconn

GIP

Work highlights

  • Advised Nexans SA, leader in the design and manufacture of cable systems and services, on the exclusive negotiations with Syntagma Capital on the proposed sale of its telecom cable business (comprising notably entities in France, Belgium, Netherlands, Germany, Singapore, China, Morocco and Dubai).
  • Advised Compagnie Plastic Omnium Compagnie Plastic Omnium SE on the strategic acquisition of Varroc Lighting Systems, a supplier of automotive lighting systems, for an enterprise value of €600.
  • Advised the automotive giant Stellantis together with worldwide electronic component supplier Foxconn (Hon Hai Precision Industry group), on the creation of their full-function 50/50 joint venture to be active in the development, design and supply of semiconductors for the automotive industry.

Tunisia > Foreign firms

From large-scale energy projects, to distribution and joint venture agreements, Linklaters LLP's transactional prowess is brought to bear on matters for clients including private equity firms, financial institutions and telecoms companies. London-based Andrew Jones heads up the team alongside Paris-based Bertrand Andriani. The latter’s project financing expertise extends to secured and unsecured syndicated loans. Justin Faye is well placed to assist with the financing and development of energy and infrastructure projects.

Practice head(s):

Andrew Jones; Bertrand Andriani

Other key lawyers:

Work highlights

  • Assisting Total with the assessment of opportunities for the development of a large-scale green hydrogen export project in Tunisia, in coordination with key European players.
Photo Name Position Profile
Cyril Abtan photo Cyril Abtan Cyril is a partner in the banking practice of Linklaters in Paris…
Bertrand Andriani photo Mr Bertrand Andriani Bertrand is Head of the Energy & Infrastructure department in the Paris…
Mehdi Boumedine photo Mehdi Boumedine Mehdi has more than 10 years’ experience in advising financial sponsors and…
Cyril Boussion photo Cyril Boussion Cyril is active in all tax aspects, both in domestic and international…
Edouard Chapellier photo Edouard Chapellier Édouard is widely recognised as one of the leading tax practitioners in France and…
Rhéa Christophilopoulos photo Rhéa Christophilopoulos Rhéa is specialised in acquisition and investment grade financings, including LBOs and…
Sonia Cissé photo Sonia Cissé Sonia is heading the Technology, Media and Telecommunications team of Linklaters in…
Géric Clomes photo Géric Clomes Géric is an Employment and Incentives Partner in the Paris office with…
Charlotte Colin-Dubuisson photo Ms Charlotte Colin-Dubuisson Charlotte specialises in EU and French competition law, advising on the full…
Aymar De Mauléon photo Aymar De Mauléon Aymar, the partner in charge of the Restructuring & Insolvency practice at…
Pauline Debré photo Pauline Debré Pauline heads the IP/TMT practice of Linklaters in Paris and has considerable…
Véronique Delaittre photo Véronique Delaittre Partner Véronique specialises in debt capital markets work such as debt issuance…
Bruno Derieux photo Bruno Derieux Head of the Corporate/M&A practice in Paris, Bruno advises corporates, financial sponsors…
Patrice Doat photo Patrice Doat Partner Patrice leads the firm’s Paris office structured finance group. He advises…
Thomas Elkins photo Thomas Elkins Thomas is a partner in Linklaters’ Antitrust and Foreign Investment Group. He…
Justin Faye photo Mr Justin Faye Justin is a Partner in Linklaters’ Paris Energy & Infrastructure team with…
Alain Garnier photo Alain Garnier Alain specialises in private M&A and private equity domestically and internationally. He…
Jean-Charles Jaïs photo Jean-Charles Jaïs Jean-Charles specialises in pre-contentious and litigation matters ranging from financial and banking…
Nicolas Le Guillou photo Nicolas Le Guillou Nicolas is a Partner in the Corporate/M&A practice of Linklaters Paris. He…
Stephen  Le Vesconte photo Mr Stephen Le Vesconte Stephen is an Energy and Infrastructure Partner with nearly 20 years of…
Ngoc-Hong Ma photo Ngoc-Hong Ma Ngoc-Hong is a Partner in our Financial and Regulation Group (FRG) in…
Françoise Maigrot  photo Françoise Maigrot  National Managing Partner, Head of Real Estate As the head of firm’s…
Florent Mazeron photo Florent Mazeron Florent is one of the Linklaters’ global Financial Sponsors group leaders. He…
Kathryn Merryfield photo Kathryn Merryfield Based in Paris for more than 20 years, Kathryn has extensive experience…
Carole Nerguararian photo Carole Nerguararian Carole joined the firm in 2009 as an Associate before being promoted…
Luis Roth photo Luis Roth Partner Luis is a respected debt and equity practitioner who has been…
Bertrand Sénéchal photo Bertrand Sénéchal Partner Bertrand’s international practice focuses on equity and equity-linked capital markets transactions…
Pierre Thomet photo Pierre Thomet Pierre specialises in private and public M&A, joint ventures as well as…
Pierre Tourres photo Pierre Tourres Pierre advises corporate clients on public and private M&A transactions and corporate…
Lionel Vuidard photo Lionel Vuidard Lionel Vuidard joined the Paris office of Linklaters in March 2014 as…
Anne Wachsmann photo Ms Anne Wachsmann Anne is a Partner in our Paris office, widely acknowledged for her…
Pierre Zelenko photo Pierre Zelenko Pierre advises on complex competition issues, including merger control, cartels, vertical restraints,…
Roland Ziadé photo Roland Ziadé Roland has acted as counsel in approximately one hundred international arbitration cases…
Arnaud de La Cotardière photo Arnaud de La Cotardière Arnaud is one of the most renowned corporate litigators in France. Having…
Photo Name Position Profile
François April photo Mr François April François is widely regarded as a leading renewables and energy & infrastructure…