Shearman & Sterling LLP > Paris, France > Firm Profile

Shearman & Sterling LLP
7 RUE JACQUES BINGEN
75017 PARIS
France

France > Banking and finance: transactional work Tier 2

Shearman & Sterling LLP handles a wide range of financing matters for leading banks, alternative debt providers, sponsors and corporates, with a particular focus on real estate financing and LBO financing. Working in collaboration with the firm’s international network across Europe and the US, the team is particularly sought after to act on cross-border mandates. Pierre-Nicolas Ferrand, who leads the practice, is experienced in acquisition finance, real estate finance and debt restructuring. Maud Manon joined the group in January 2022 from DLA Piper.

Practice head(s):

Pierre-Nicolas Ferrand

Other key lawyers:

Key clients

Société Générale

King Street Capital Management

CACIB

Trail Capital

BECM

Natixis Securities Americas LLC

LBO France

Equistone

Silverfleet Capital

Siparex

BofA

HSBC

BNP Paribas

Marlin Equity

CWT

Work highlights

  • Represented BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis, Nordea Bank Abp and Société Générale as initial purchasers in connection with Consolis Group S.A.S.’s €300m offering of 5.750% senior secured notes due in 2026 by Compact Bidco B.V., and the arrangers in connection with the company’s super senior revolving credit facilities agreement and the inter-creditor agreement.
  • Advised the banking pool on the signing of a new €345m five-year senior secured revolving credit facility for Loxam.

France > Capital markets: equity capital markets Tier 2

Shearman & Sterling LLP focuses on large cross-border transactions and is a known for its broad equity capital market practice and its contributions to legal reforms, for example regarding capital increases through private placements and the creation of rights plans. Matters range from initial public offerings, rights offerings and block trades to hybrid and equity-linked securities, including matters that involve simultaneous capital raisings in France and abroad. A stand-out feature is the employee and management equity plan practice, led by Sami Toutounji. Hervé Letréguilly directs the practice. Counsel Séverine de La Courtie  is the second key contact.

Practice head(s):

Other key lawyers:

Séverine de La Courtie; Sami Toutounji

Key clients

Constellium

Société Générale

ICE

Orange

L’Oréal

ALD

Schneider Electric

HalioDx

Nordea

Unifiedpost Group SA/NV (Unifiedpost)

Work highlights

    France > Mergers and acquisitions Tier 2

    Headquartered in New York, Shearman & Sterling LLP is geared to handle a broad array of corporate transactions including leveraged buy-outs, acquisitions, divestitures, tender offers, joint ventures, mergers, spin-offs and strategic alliances. Practice head Guillaume Isautier acts on deals involving both listed and non-listed companies and is especially well regarded within the banking, telecom, energy, retail and consumer goods sectors. The wider team is also experienced in TMT, healthcare and hospitality and has noted an uptick in its outbound M&A work of late. Jérémy Scemama, former practice head of DLA Piper, joined in October 2021 alongside Matthieu Lampel.

    Practice head(s):

    Guillaume Isautier

    Other key lawyers:

    Nicolas Bombrun; Thomas Philippe; Jérémy Scemama; Matthieu Lampel

    Testimonials

    ‘A client-friendly team, extremely involved in the service of its clients with an availability and an unfailing commitment of the M&A partner.’

    ‘Guillaume Isautier successfully manages to combine a remarkable work force, protection of the interests of his clients, a very appreciable relational mode in terms of interactions and availability, all at very competitive prices.’

    Key clients

    Société Générale

    Florac

    LBO France

    ALD Automotive

    Siparex

    GL EVENTS

    King Street Capital Management

    Mubadala

    JinJiang

    Japan Nuclear Fuel Limited

    Work highlights

    • Represented Société Générale in connection with the sale of its Norwegian subsidiary, SG Finans AS, a leading equipment finance and factoring company in the Nordics, to Nordea Bank Abp, the largest financial services group in the Nordics listed on the Copenhagen Stock Exchange, Helsinki Stock Exchange and Stockholm Stock Exchange.
    • Acted for ALD Automotive, one of the leading global providers of mobility solutions, 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.
    • Represented LBO France in connection with the acquisition of a majority stake in Dutscher group, the leading independent distributor of R&D laboratory consumables and equipments in Europe.

    France > Capital markets: debt capital markets Tier 3

    Blank

    Practice head(s):

    Testimonials

    ‘The team has not only an unrivalled expertise with respect to the capital markets legal framework, but also a unique knowledge of the market practices and doctrine of the regulatory authorities due to its involvement in almost all the major transactions.’

    ‘Hervé Letréguilly and Séverine de La Courtie are very close to their clients, always trying to find pragmatic solutions with a very good understanding of their business issues.’

    ‘Hervé Letréguilly is creative and has a perfect mastery of market issues.’

    Key clients

    Tereos SCA

    STMicroelectronics

    Société Générale

    BNP Paribas

    Crédit Agricole Corporate and Investment Bank

    Bank of America

    Santander

    Lloyds Bank

    Credit Suisse

    Deutsche Bank

    Work highlights

    • Advised STMicroelectronics on (i) a $1.5 billion dual-tranche offering of New Convertible Bonds and (ii) the early redemption of its 2022 Convertible Bonds.
    • Acted for BNP Paribas, Crédit Agricole Corporate and Investment Bank, Coöperatieve Rabobank, Crédit Industriel et Commercial, Natixis, Société Générale, Banco Bilbao Vizcaya Argentaria, and Mediobanca – Banca di Credito Finanziario as initial purchasers in Elior Group’s €550m offering of 3.75 percent senior notes due 2026.
    • Advised BNP Paribas, Crédit Industriel et Commercial S.A., Société Générale and Crédit Agricole Corporate and Investment Bank as initial purchasers on Derichebourg SA’s $300m offering of 2.250% senior notes due 2028 as part of the financing of the proposed acquisition of the entire issued share capital of Groupe Ecore Holding S.A.S.

    France > Project finance Tier 3

    Shearman & Sterling LLP

    Practice head(s):

    Lachlan Poustie

    Testimonials

    ‘I was very happy with the responsiveness of the team and their technical skills.’

    ‘Lachlan Poustie is a partner with excellent contacts and very effective negotiation skills. He was able to involve the right people on our file and his expertise in project financing in Africa was extremely useful. He was able to carry out a particularly complex file and advise us on how to move forward.’

    Key clients

    IFC – International Finance Corporate

    EIB – European Investment Bank

    Proparco

    OFID – Fund for International Development

    Standard Bank

    DBSA- Development Bank of Southern Africa

    AfDB – African Development Bank

    EAIF – Emerging Africa Infrastructure Fund

    DEG – Deutsche Investitions und Entwicklungsgesellschaft

    Engie

    Work highlights

    • Advised African Development Bank, Deutsche Bank, European Investment Bank, International Finance Corporation, OPEC Fund for International Development, Société de Promotion et de Participation pour la Coopération Economique (Proparco) and Standard Bank on the restructuring of the TAV Airports group’s two concessions in Tunisia (at Monastir and Enfidha).

    France > Tax Tier 3

    Shearman & Sterling LLP’s tax team regularly assists the corporate and capital markets practice with many of its transactions. The practice is able to advise on complex M&A, debt and equity capital markets, financing and private equity transactions, acting for a wide range of clients, including leading banks, corporations as well as private equity funds, from mid- to larger deals. Practice head Niels Dejean is highly regarded. Counsel Anne-Sophie Maes and associate Charles Filleux-Pommerol  regularly lead on tax in key transactions.

    Practice head(s):

    Niels Dejean

    Other key lawyers:

    Anne-Sophie Maes; Charles Filleux-Pommerol

    Testimonials

    ‘Technically sound and proactive tax team.’

    ‘Niels Dejean is one of the best French tax lawyers. He understands business, has a great eye for detail and is very responsive and proactive.’

    Key clients

    ALD Automotive

    Société Générale

    Florac

    LBO France

    Constellium

    Work highlights

    • Advised HalioDx and its shareholders on the sale of HalioDx, an immuno-oncology diagnostics company pioneering the immunological diagnosis of cancers, to Veracyte.
    • Advised Constellium SE in connection with the transfer of its head office from Amsterdam to Paris.

    France > Dispute resolution: International arbitration Tier 5

    Shearman & Sterling LLP

    Practice head(s):

    Jennifer Younan

    Other key lawyers:

    Alexander Marcopoulos; Elise Edson

    Testimonials

    ‘The investment arbitration team has a unique set of capabilities and market expertise in leading complex investment disputes connected with Eastern Europe and worldwide. The firm is resourceful and is capable of managing the entire process efficiently and proactively. The firm’s partners are well versed in international investment law and represent the clients throughout the entire arbitration, including pleadings at the hearings.’

    ‘Jennifer Younan has an exceptionally calm and professional demeanour that makes clients rest assured that they are in good hands. She is always precise and up-to-the-point with her advice, finding the best solutions for clients in the shortest terms.’

    ‘World-class firm in the industry.’

    ‘Jenifer Younan has multi-industry expertise; always available. always on top of the material, a first-class lawyer.’

    ‘Excellent knowledge of our files and practical approach to technical and sectoral aspects.’

    ‘Excellent availability, listening to the client and other service providers involved in their cases. Excellent quality of partners and associates.’

    ‘Jennifer Younan is one of the finest, most distinguished and refined arbitration lawyers I have met and had the pleasure of working with.’

    Key clients

    Energoatom

    Ministry of Justice of Ukraine

    Human Rights at Sea (HRAS)

    Ukravtodor

    Work highlights

    • Representing Ukraine as respondent in an ICSID arbitration initiated by two affiliates of UC RUSAL in relation to an alleged investment in an aluminium and alumina production company.
    • Representing Ukraine in an SCC arbitration in Stockholm brought by VEB.RF, Russia’s national economic development institution, in relation to sanctions and other measures allegedly targeting Russian banks in Ukraine after 2014.

    Algeria > Foreign firms

    Colombia > Dispute resolution > Arbitration

    With the February 2021 hire of Ricardo Alarcón -formerly an associate at Shearman & Sterling LLP‘s Paris office- as international arbitration practice director, the team at DLA Piper Martinez Beltrán has notably increased its specialization in the arbitral segment. The 11-strong team -including three partners- handles primarily commercial domestic and international arbitration as part of a broad disputes practice that also has a reputation for providing remedial advice to resolve contractual disputes through negotiation. Managing partner Camilo Martínez is the senior figure for arbitral matters. He co-leads the disputes team with: José Miguel Mendoza (a former chief judge at the country’s specialised business court) who is a specialist in shareholder disputes; and Nicolás Polanía (also head of the office’s insolvency practice) who sits as an arbitrator at Medellín Chamber of Commerce’s arbitration centre. Recent matters include advising  clients Saur Colombia and Gestión Técnicas del Agua in ICC arbitration against Hipsitec Latam, Systems Solutions de Colombia and Inversiones H20 regarding multiple indemnity claims, as well as in proceedings against Inversiones Romero seeking the application of a material adverse effect clause; both cases were subsequently negotiated. Further associate level support comes from senior Julian Solorza, director of the office’s litigation practice and also handles domestic arbitration; associate practice director for civil and state responsibility, Sergio Rojas; and seniors Juan Pablo Amaya and Sergio Londoño González, who focus on corporate disputes and governance, and corporate dispute management, respectively. Other matters include the successful representation of a major oil multinational in a conflict regarding interpretation of a partnership agreement. The team is also advising a client on the pre-trial stages of two different ICSID arbitrations against sovereign governments. Since publication, both Solorza and Rojas have been raised to the partnership with effect from February 2022.

    Practice head(s):

    Camilo Martínez; José Miguel Mendoza; Nicolás Polanía

    Testimonials

    DLA Piper Colombia is trusted business partner. Sergio Rojas and Camillo Martinez are top-notch litigators. They have respected bankruptcy and commercial experience. They make time to understand our business and legal needs. I would not make any decision without first consulting with Sergio and Camillo. (We also engaged Sergio and Camillo in a complicated matter before the Superintendencia de Companias.)

    Sergio is thorough, responsive and knowledgeable about Colombia law and local practice. His ability to explain complex procedures is appreciated and a most useful skill.’

    Lawyers who have attended us: Jose Miguel Mendoza; Sergio Londoño – concrete solutions, identifying the associated risks. Comprehensive support in the case attended, agility and opportunity for the required responses.

    It is a dynamic team, attentive to responding on time and according to our needs to all the requirements in front of the processes in which they act as our attorneys-in-fact and show extensive knowledge on the subjects under litigation.

    DLA Piper Martinez Beltran, has all the qualities that one can expect from a law firm, the most important for us is the integrity, the transparency, the honesty of their work. In the same way, I highlight from DLA the sense of belonging with which they assume each case, the discipline and rigour with which they understand the details of the cases under their charge and the seniority added to the knowledge of the law with which they define forceful winning strategies, clear and precise. We respect the other firms we work with, however DLA is undoubtedly the best, they are consistent, their processes, their manners and manners demonstrate the greatness of their team of lawyers.

    The people at DLA Piper Martinez Beltran are the best lawyers in the country, that is because above all, before being lawyers, they are empathetic human beings, educated in values, aware of their privileges, of the impact of their work on a country like Colombia. Camilo Martinez and Sergio Rojas Quiñones are always available and alert, always taking care of our interests, always aware of the available resources and the limits to achieve the objectives. I fully trust them, their recommendations, decisions and actions. We are certain of the correctness of their actions, of the coherence between what they say with what they think and what they represent as the best law firm in the country. We have been with them for many years and they do not disappoint us.

    In DLA Martinez Beltran they have included a series of webinar-like tools, with different topics, all of great impact in the current situation, clients appreciate it since it gives us the opportunity to anticipate, prepare for and prevent situations that could have negatively impacted our business.

    Key clients

    Ecopetrol

    Bolsa de Valores de Colombia

    Cementos Argos

    Almacenes Éxito

    Bancolombia

    Chevron (Colombian branch)

    Hilton Worldwide

    Tecnoquímicas

    Operadora de Carbón de Santa Marta (Carbosan)

    Grupo Ventura

    Ernst and Young Audit

    Telefónica

    Shareholders of Comestibles Aldor

    Daewoo International

    Consorcio Generación Ituango

    Incolbest

    Integral

    Chevron Petroleum Company

    Banco AV Villas

    Zurich Seguros

    Epk Kids Smart

    Camaguey

    Corporación Club el Nogal

    IRI de Colombia

    Carvajal Educación

    Asocaña

    Correval

    Federación Nacional de Comerciantes – Fenalco

    Gases Del Caribe

    Tribeca Asset Management

    Transcanada Pipelines

    Empresa de Energía de Honduras

    Work highlights

    • Represented Saur Colombia and Gestión Técnicas del Agua in ICC arbitration against Hipsitec Latam, Systems Solutions de Colombia and Inversiones H20 regarding multiple indemnity claims; and Inversiones Romero, seeking the application of a material adverse effect clause; both cases were subsequently negotiated.
    • Represented private equity fund Tribeca Fund 1 in a $40m breach of shareholder agreement arbitration (brought by five mminiortiy shareholders) and a subsequent counterclaim seeking that hte shareholder-agreement’s penalty clause be declared void.

    Tunisia > Foreign firms

    Shearman & Sterling LLP has a large footprint in North and Sub-Sahara Africa, where it is consistently engaged by international clients to advise on inbound investment transactions. It also advises local and international governments, development banks and multilaterals on matters throughout the region. Paris-based Lachlan Poustie is a key contact and recently advised the lenders on the €435m restructuring of TAV Airports group’s two concessions in Tunisia. London-based senior associate Jonathan Toffolo is also noted.

    Practice head(s):

    Lachlan Poustie; Samuel Ogunlaja; Aliahmed Hassanali

    Other key lawyers:

    Testimonials

    ‘Lachlan Poustie and Jonathan Toffolo are extremely responsive and able to meet very tight timelines.’

    Key clients

    International Finance Corporate (IFC)

    African Development Bank,

    Deutsche Bank,

    European Investment Bank

    OPEC Fund for International Development

    Société de Promotion et de Participation pour la Coopération Economique (Proparco)

    Standard Bank

    Work highlights

    • Advised African Development Bank, Deutsche Bank, EIB, IFC, OPEC Fund for International Development, Proparco and Standard Bank on the restructuring of TAV Airports group’s two concessions in Tunisia (at Monastir and Enfidha).

    The firm: Shearman & Sterling LLP is an international law firm composed of 24 offices worldwide and 850 lawyers. The firm has been advising many of the world’s leading corporations and financial institutions, governments and governmental organisations for more than 140 years. The firm’s lawyers are committed to providing legal advice that is insightful and valuable to clients. This has resulted in groundbreaking transactions in all major regions of the world.

    Established in 1963, the Paris office is both the firm’s oldest non-US practice and its third-largest office. It is a principal part of the firm’s European network and distinguishes itself by a remarkable international reach, notably in Latin America, Africa, Eastern Europe and the Middle East. The office advises on matters of French, US and international law.

    The firm’s corporate practices, composed of approximately 40 lawyers, advise on equity and debt offerings, mergers and acquisitions, private equity, LBO transactions, and international joint ventures, acquisition finance, leveraged buyout financings, structured finance, management incentivisation, tax restructuring and transfer pricing. The firm handles both domestic transactions and cross-border transactions having a major French component, as well as international transactions.

    The international arbitration team, which comprises over 50 lawyers, has represented companies, states and state-owned entities in arbitration proceedings under the rules of all major international arbitral institutions, subject to over 100 governing laws or international instruments. The team acts as counsel for investment, energy, construction, business combinations, financial, and general commercial disputes. The team is regarded as one of the world’s finest.

    Areas of practice: Shearman & Sterling’s areas of practice include: international arbitration; public international law; capital markets; mergers and acquisitions; private equity; banking and finance; equity plans and management compensation; restructuring and insolvency; project development and finance; and tax.

    DepartmentNameEmailTelephone
    International arbitration Emmanuel Gaillard
    International arbitration Yas Banifatemi
    Public international law Yas Banifatemi
    Mergers and acquisitions Guillaume Isautiergisautier@shearman.com+33 1 53 89 89 25
    Private equity Guillaume Isautiergisautier@shearman.com+33 1 53 89 89 25
    Mergers and acquisitions Nicolas Bombrunnicolas.bombrun@shearman.com+33 1 53 89 48 48
    Private equity Nicolas Bombrunnicolas.bombrun@shearman.com+33 1 53 89 48 48
    International arbitration Coralie Darrigade
    Tax Niels Dejeanndejean@shearman.com+33 1 53 89 71 20
    European Governance and Benefits Françoise Evenfeven@shearman.com+33 1 53 89 71 81
    Finance Pierre-Nicolas Ferrandpferrand@shearman.com+33 1 53 89 71 77
    Restructuring and insolvency Pierre-Nicolas Ferrandpferrand@shearman.com+33 1 53 89 71 77
    Capital Markets Séverine de La Courtiesdelacourtie@shearman.com+33 1 53 89 81 89
    International arbitration Maude Lebois
    Capital markets Hervé Letréguillyhletreguilly@shearman.com+33 1 53 89 71 30
    Tax Anne-Sophie Maesannesophie.maes@shearman.com+33 1 53 89 81 75
    Mergers and acquisitions Cyrille Niedzielskicniedzielski@shearman.com+33 1 53 89 89 30
    Private Equity Thomas Philippethomas.philippe@shearman.com+33 1 53 89 81 70
    Project Development & Finance Lachlan Poustielachlan.poustie@shearman.com+33 1 53 89 70 80
    International arbitration Mohamed Shelbaya
    Equity plans and management compensation Sami Toutounjistoutounji@shearman.com+33 1 53 89 70 62
    European Governance and Benefits Sami Toutounjistoutounji@shearman.com+33 1 53 89 70 62
    International arbitration Jennifer Younan
    PhotoNamePositionProfile
    Yas Banifatemi  photo Yas Banifatemi Partner and Deputy practice leader in Sherman & Sterling’s International Arbitration practiceHead of…
    Nicolas Bombrun photo Nicolas BombrunPartner
    Coralie Darrigade  photo Coralie Darrigade Partner in Shearman & Sterling’s International Arbitration practice
    Niels Dejean photo Niels DejeanPartner
    Françoise Even  photo Françoise Even
    Pierre-Nicolas Ferrand photo Pierre-Nicolas FerrandPartner
    Emmanuel Gaillard  photo Emmanuel Gaillard Global Head of Disputes
    Guillaume Isautier photo Guillaume IsautierPartner and Head of the Mergers & Acquisitions practice and Deputy Head…
    Maude Lebois  photo Maude Lebois Partner in Shearman & Sterling’s International Arbitration practice
    Hervé Letréguilly  photo Hervé Letréguilly Partner
    Anne-Sophie Maes  photo Anne-Sophie Maes Counsel
    Thomas Philippe  photo Thomas Philippe Partner
    Mohamed Shelbaya  photo Mohamed Shelbaya Partner in Shearman & Sterling’s International Arbitration practice
    Sami Toutounji  photo Sami Toutounji Partner
    Jennifer Younan  photo Jennifer Younan Partner in Shearman & Sterling’s International Arbitration practice
    Séverine de La Courtie  photo Séverine de La Courtie Counsel
    Number of lawyers : 850
    at this office : 85
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