Bentam Societe D'Avocats > Paris, France > Firm Profile

Bentam Societe D'Avocats
12 rue La Boétie 75008 Paris
France

France > Industry focus: Energy Tier 3

Bentam is a law firm dedicated to the financing industry. The firm, created in 2021, has 12 professionals. It advises banks, investment funds, financial institutions, public persons and companies involved in the firm’s key sectors. The value of the services provided by the firm lies in a functional organization designed to adapt to the expectations of its clients.

Public and Private bond finance

Bentam assists the dealers (issuers, placement agents, investors) in setting up bond financing, in the form of stand-alone issues (public or private placements, listed companies or not) and Euro Medium Term Notes (EMTN) programs. Bentam intervenes in bond finance for all types of issuers with a particular expertise in disintermediated financing for the public sector. In this regard, the firm’s lawyers advise its clients on bond financing for local governments, public inter-municipal cooperation establishments (municipal, mixed, urban communities), public health establishments, mixed economy companies and issuers from the world of public housing.

Other market financing

Bentam has an equally strong expertise in alternative financing such as equity securities, associative securities and negotiable debt issuance programs (NeuCPs and NeuMTNs), as well as in loans governed by German law (Schuldschein and NSV).

Project finance

We have a well-known experience in renewable energy and infrastructure project finance. Our team assists lenders (banks, debt funds, investment funds) and developers in the structuring and implementation of their project financings: senior debt (bank or private financing), subordinated debt, mezzanine debt, green bonds, bridge financings, including legal and tax structuring and interest rate derivatives issues. Our team performs the due diligence on the projects financed, including all regulatory, contractual, financial and corporate aspects.

Asset and receivables finance

Our team has a proven track record in asset financing, particularly for industrial or rolling stock or equipment, whether through loans, leases, financial or operational leases, or through the use of trusts.

We are involved in receivables financing: domestic and international factoring, receivables discounting in infrastructure or tax credit projects, or other financing based on assignments of receivables.

Real estate finance

Bentam has extensive and proven expertise in real estate finance, including hotel finance. We generally advise lenders in connection with the financing of leisure and hotel assets. In particular, we have recently acted for banking pools in ultra-marine hotel financing schemes including a Girardin tax exemption dimension.
We also have experience in corporate real estate refinancing transactions, in particular with trust-based transactions.

Acquisition finance

We work alongside lenders (banks and/or bondholders) and borrowers in setting up, negotiating and drafting all financing documentation regarding acquisition transactions (LBO/unitranche).

Equity-bridge financings

We generally advise lenders in the setting up of bridge financings for the benefit of investment funds (FPCI, free partnership companies, Luxembourg funds, etc.) in the context of pre-financing the acquisition or divestiture of their assets. We advise lenders on the financing documentation, eligible securities and regulations applicable to these particular financings.

Acquisitions

We assist buyers or sellers in their acquisition of assets or companies. In particular, we have extensive experience in the energy transition sector, where we regularly assist in the sale and acquisition of projects or developers, in both competitive and non-competitive processes.

Private Equity

We assist sponsors, investors or senior or mezzanine lenders in the context of private equity transactions, in particular development capital and LBOs, with a strong practice in the field of energy transition and mobility. We assist our clients with legal and tax structuring and the choice of legal tools, as well as the negotiation and drafting of documentation.

Department Name Email Telephone
Project Finance Guillaume Ansaloni guillaume.ansaloni@bentam.fr +33675231949
French, English, Spanish, Arabic, Serbian, Russian, Italian

Guillaume Ansaloni, Founding Partner

Guillaume Ansaloni, Managing Partner of Bentam Société d’Avocats, a ’boutique’ dedicated to financing, explains the firm’s differentiating factors and its ability to adapt to customer needs.

 

1) What do you see as the main points that differentiate Bentam Société d’Avocats from your competitors?

At the heart of our strategy is the corporate culture we are committed to cultivating and transmitting. This culture rests on collaboration: collaboration within and between our teams is fundamental. We have translated this into an internal culture code that I call “Yoda principles”, in reference to what Yoda is to Luke in Star Wars. Our promise is that our clients will benefit from this culture of collaboration, and the operational efficiency that goes with it. This is how we help them achieve their ambitions.

 

2) Which practices do you see growing in the next 12 months? What are the drivers behind that?

We have chosen to focus on a few areas of expertise (finance, equity, acquisition, project development), combined with sector-specific practices (renewable energies and-infrastructure, public sector, real estate). Recent health and geopolitical events have proved that this was the right choice, as these sectors are generally resilient in times of crisis.

Moreover, it has become clear that climate change is a priority issue and, even if this is not the only path to take to help slow down or even reverse the process, the decarbonization of energy production, but also consumption (of buildings or vehicles), must accelerate dramatically. We are all players in this paradigm shift.

 

3) What’s the main change you’ve made in the firm that will benefit clients?

Our relationship with our clients is based on one premise: acknowledge that our clients’ expectations are highly diverse, and that it is crucial not to succumb to an over-simplistic categorization of needs. We believe that it is very important, even for the same client, to understand the expectations of the person we are interacting with, especially as these expectations are likely to change over time. It’s a human dimension to our business that we really appreciate.

To achieve this, we train in related subjects. As finance is at the heart of our business, we have trained in the fundamentals of corporate finance and financial modeling. This enables us to understand, anticipate and therefore be relevant.

 

4) Is technology changing the way you interact with your clients, and the services you can provide them?

The development of social networks and other means of communication has led to an explosion in the amount of information available, which can sometimes be diluted or oversimplified to the point of distortion. This means that we need to take particular care in the way we communicate, while keeping in step with the practices and expectations of our clients. We therefore strive to share useful information with our audience in a way that illustrates our dynamic vision of the law, while taking care to limit information vectors to privilege quality and singularity.

As far as IA is concerned, we are in an exploratory phase, as we do not wish to commit ourselves to communication tools that would be detrimental to our business model. On the other hand, we are conducting several internal projects to exploit AI intelligently and further improve our collaborative processes.

 

5) Can you give us a practical example of how you have helped a client to add value to their business?

There are many ways to help create value for the client. I am thinking of this example where, when our client needed to find an investor very quickly at a critical period in its development, I activated my network. This put the client in contact with an investor who understood and appreciated his vision. The deal went through, and today the company continues to grow successfully, with a harmonious collaboration between the partners. I am particularly happy about this achievement.

More generally, we are very keen to receive candid feedback from our clients at the end of each transaction. We never tire of being thanked for our involvement: it reinforces the idea that we have met our commitments and thus fulfilled our clients’ expectations. It also means that we welcome any suggestion for improvement, because, once again, collaboration is at the heart of our corporate culture.

 

6) Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

We set out to find out from some of our clients and non-clients what they look for in a law firm. What they have in common is that their objectives are plural! As I said earlier, we think it would be a mistake to try and classify clients into one or more categories.

We have therefore chosen to address specific types of need, in line with our value proposition.

Similarly, we believe that a company’s growth should be based on its ability to continue delivering what it has promised (“capabilities”). This is why we have resolutely opted for rational growth because our differentiation will only continue to be achieved by strengthening our core competencies.

Finally, having consolidated our position in the domestic market, we are now structuring ourselves to handle international transaction, which is something we have done until now on an opportunistic basis.