Drawing on strong US and UK presences, Kirkland & Ellis LLP regularly advises high-calibre private equity and financial sponsor clients on major buyouts, such as IPOs, buy-side, and exits. Practice co-head Vincent Ponsonnaille acts for some of the largest sponsors in the region, including leading US private equity houses and sovereign wealth funds. Joint team lead Laurent-Victor Michel has expertise in Foreign Direct Investment (FDI) matters and is an 'excellent professional, with a particularly high level of rigor and technicality.'
Private equity: LBO in France
Kirkland & Ellis LLP
Responsables de la pratique:
Vincent Ponsonnaille; Laurent Victor-Michel
Les références
‘I worked with Laurent Victor-Michel: he is dynamic, very business minded, responsive and creative in discussions. It is a pleasure to work with him.’
‘The team is always available and has the capacity to deliver in strong calendar constraints.’
‘Laurent Victor-Michel and the team are particularly experienced in private equity operations. Their responsiveness to this operation was particularly appreciated and their knowledge of adjacent subjects (financing, taxation, trusts, etc.) made it possible to propose appropriate solutions to changing issues.’
‘Team is 100% dedicated to private equity, with involvement of all business lines in this speciality, which is particularly relevant for a management company like us. Ability to propose remuneration methods that align the interests between K&E and the client, which is also appreciable with regard to the functioning of certain processes. Great responsiveness and an absolutely irreproachable level of excellence and commitment.’
‘Laurent Victor-Michel is an excellent professional, with a particularly high level of rigor and technicality, while remaining very approachable, friendly and relaxed. It is therefore very pleasant to work with him, even in the most tense situations.’
‘Vincent Ponsonnaille in particular is excellent – very commercial and responsible but also technically highly skilled.’
‘They care intensely about their clients and go above and beyond to help them meet their needs and get deals done under difficult conditions.’
‘Laurent Victor-Michel is always available and has a great understanding of French market and practice.’
Principaux clients
Advent International
Albion Acquisitions Limited
Antin Infrastructure Partners
Apollo Global Management
Ares Management Corporation
Cinven
Five Arrows PE
GIC Private Limited
Goldman Sachs Merchant Banking
Hellman & Friedman
Partners Group
Providence Equity Partners
Searchlight Capital
Silver Lake
SK Capital Partners
Thoma Bravo
Trinseo
Vista Equity Partners
Warburg Pincus
Wendel
Principaux dossiers
- Advised British supply chain risk management firm Fortius on the acquisition of Lyon-based Once For All (Attestation Légale), the leader in the French market for compliance in the construction and related sectors.
- Advised Swiss-based global private equity firm Partners Group on its investment alongside German private equity firm Montagu in connection with the acquisition of HTL Biotechnology, a fast-growing biotech and industrial French firm.
- Advised IVC Evidensia, a portfolio company of EQT Private Equity, on the acquisition of VetOne Group, a group specialising in veterinarian services.
Latham & Watkins
Latham & Watkins advises clients across the French and pan-European markets, expertly handling large-cap LBOs, public-to-private transactions, and mezzanine and leveraged financing. Benefitting from the firm's strong international presence, the team has additional expertise in M&A transactions, and works across a range of industries including healthcare and education. The practice is jointly led by Alexander Benedetti, Denis Criton, Alexander Crosthwaite, Thomas Forschbach, Gaëtan Gianasso, Charles-Antoine Guelluy, Olivier Du Mottay, and Simon Lange.
Responsables de la pratique:
Alexander Benedetti; Denis Criton; Alexander Crosthwaite; Thomas Forschbach; Gaëtan Gianasso; Charles-Antoine Guelluy; Olivier du Mottay; Simon Lange
Principaux clients
Ardian
Astorg
Bain Capital
Brookfield Asset Management
BC Partners
Bridgepoint
ICG
KKR
Oaktree Capital Management
OTTP
PAI Partners
Partners Group
Permira
Platinum Equity
PSP Investments
Sagard
Silverfleet
SK Capital
Summit Partners
TA Associates
Temasek
TPG
Vivalto Partners
Weil, Gotshal & Manges LLP
Weil, Gotshal & Manges LLP‘s highly sought-after team advises a diverse client base of private equity sponsors, and also has additional expertise in the infrastructure sector. David Aknin heads up the practice, and Jean Beauchataud has a key focus in debt restructurings and distressed M&A transactions. Frédéric Cazals and Alexandre Duguay expertly handle major LBOs, public-to-private transactions, and recapitalisations both domestically and internationally. Emmanuelle Henry is also noted.
Responsables de la pratique:
David Aknin
Autres avocats clés:
Frédéric Cazals; Alexandre Duguay; Emmanuelle Henry; Jean Beauchataud; Guillaume Bonnard; Pierre-Alexandre Kahn
Principaux clients
3i
Adagia Partners
Advent International
Aleph Capital
Alpha Private Equity
A&M Capital
Antin Infrastructure
Altamir
Apax Partners
Archimed
Ardian
Astorg Partners
Bain Capital
Capza
Caravelle
Carlyle
Cerba Helthcare
Ceva
Chequers Capital
Cinven
Clayton, Dubilier & Rice
Compagnie Nationale à Portefeuille
CVC Capital Partners
Ergon Capital Partners
Eurazeo
EQT
Equistone
Generation IM
HLD
InfraVia Capital Partners
LFPI
L-GAM
Montagu Private Equity
Montefiore
Naxicap
Omers
Ontario Teacher’s Pension Plan
PAI Partners
Parquest
Permira
PSG
Qualium Investissement
Sagard
Sienna Private Equity
TCV
Téthys
Towerbrook
Willkie Farr & Gallagher LLP
The team at Willkie Farr & Gallagher LLP acts for a global client base, advising on mid and large-cap mandates including control buyouts, platform acquisitions, and joint ventures and exits across a broad range of sectors. Practice co-head Eduardo Fernandez has extensive expertise handling complex LBOs in the business services, consumer products, and healthcare sectors. The practice is also jointly led by M&A specialists Christophe Garaud and Cédric Hajage, who are supported by key practitioners Grégory de Saxcé, Gil Kiener, Gabriel Flandin and Hugo Nocerino.
Responsables de la pratique:
Eduardo Fernandez; Christophe Garaud; Cédric Hajage
Autres avocats clés:
Grégory de Saxcé; Gabriel Flandin; Gil Kiener; Hugo Nocerino
Les références
‘Very professional but able to adapt to customer requirements. For me, one of the best on the market. Able to be astute and commercial beyond technically very sound. Also, ability to act on an international deal, especially on an intercontinental deal with the US.’
‘Eduardo Fernandez is excellent for M&A but also on any legal subject.’
Principaux clients
Aquiline Capital Partners
Ardian
CVC Capital Partners
EQT
Intermediate Capital Group
IK Partners
Insight Partners
Montefiore Investment
PAI Partners
TA Associates
The Carlyle Group
21 Invest France
Abénex Capital
Adagia Partners
Aglae Management
Alpha Private Equity
Apax Partners
Astorg Partners
BIM
BlackFin Capital Partners
BNPP Agility Capital
Bpifrance
Cobalt Capital
Ekkio Capital
Equistone Partners Europe
Five Arrows Managers
Latour Capital
OpenGate Capital
Peugeot Invest (FFP)
Qualium Investissement
RAISE Investissement
Sagard
Searchlight Capital Partners
Syntagma Capital
Vaultier7
Waterland Private Equity
Warburg Invest
Weinberg Capital Partners
Wendel
Principaux dossiers
- Advised TA Associates, the leading US-based private equity firm with US$3,68 billion in assets under management, on its acquisition of a 25 per cent stake in the Foncia group, the leading France-based property management group.
- Advised ICG, the leading UK-based private equity firm with assets under management of US$65 billion, in connection with its investment in Circet, the leading telecoms network service provider in Europe.
- Represented PAI Partners in connection with its $3.3 billion acquisition of Tropicana, Naked and Other Select Juice Brands Across North America and Europe from PepsiCo, the leading US-based global food, snack, and beverage corporation.
Allen & Overy LLP
Allen & Overy LLP handles large-cap and mid-cap transactions for a number of top tier private equity sponsors both domestically and across Europe. M&A transaction specialist Marc Castagnède co-leads the team, regularly working with listed and non-listed companies, financial institutions, and investment funds. Joint practice head Romy Richter is also recommended for her advice to funds, founders, and/or managers on their acquisition, fundraising, or disposal transactions.
Responsables de la pratique:
Marc Castagnède; Romy Richter
Les références
‘Excellent market knowledge, very user-friendly and pragmatic, particularly for non-French investors. Very good commercial judgement and good at finding innovative solutions to legal issues.’
‘Marc Castagnède and Romy Richter are a class double act.’
‘Pauline Regnier is also excellent.’
Principaux clients
Advent International
Apax Partners
Ardian
Chequers Capital
Crédit Mutuel Equity
Eurazeo
ICG
Ivanhoé Cambridge
Korian
LFPI Gestion
Microwave Vision
Natixis
PAI Partners
Weinberg Capital Partners
Wren House
Principaux dossiers
- Advised Bridgepoint through its Germany-based portfolio company PharmaZell GmbH on entering into exclusive negotiations with Lyon-headquartered Groupe Novasep SAS in a new drive to create a technology-driven leader for complex small molecules and ADCs on a global scale.
- Advised Eurazeo on the sale of a majority interest in the Seqens Group to US private equity firm SK Capital.
- Advised Pathé and IDG Capital in relation to their entry into exclusive negotiations with Eagle Football Holdings LLC for the sale of their stakes in Olympique Lyonnais Group.
Bredin Prat
Bredin Prat works closely with the firm's tax and finance teams to advise French and international investment funds on the full spectrum of private equity transactions from financing to tax structuring and setting up of management packages. Key practitioner Florence Haas specialises in M&A transactions, and has considerable expertise handling market consolidation transactions, public takeovers and LBOs. Barthélémy Courteault, Adrien Simon, and Clémence Fallet are also noted.
Autres avocats clés:
Florence Haas; Barthélémy Courteault; Adrien Simon; Clémence Fallet
Principaux clients
Apollo Global Management
Carlyle
Casino
China Jianyin Investment (JIC)
Dbay Advisors
Deconinck family
Dentressangle Initiatives
Dermapharm
D’Ieteren /PHE (Autodistribution)
Elyan Partners
Eurazeo (and Eurazeo PME)
Five Arrows
LifeSciences
GBL
HLD
InfraVia
Kohlberg Kravis Roberts & Co. (KKR)
Oaktree
Téthys Invest
Sagard
Sienna IM
Silver Lake
Wendel
Principaux dossiers
- Advising D’Ieteren in connection with exclusive negotiations with Bain Capital Private Equity in view of acquiring 100% of PHE (Autodistribution), a Western European leader in spare parts distribution and services for vehicles and trucks.
- Advised Sienna Investment Managers on the acquisition, via its subsidiary dedicated to private equity Sienna Private Equity, of a minority stake in Eight Advisory, a financial and operational consulting firm specialising in transactions, restructuring, transformation and financial engineering.
- Advising LifeSciences Holding, a long-term oriented consortium of investors led by Armira, in connection with the successful completion of the acquisition of approximately 40% of the undivided estate of Horst Sartorius from members of the Sartorius family.
Clifford Chance
Clifford Chance‘s multidisciplinary team advises leading financial institutions, including large and mid-cap private equity houses, banks, and specialised infrastructure funds. Practice co-head Fabrice Cohen specialises in private equity transactions as well as domestic and cross-border M&A, with strong expertise across the aerospace and defence, consumer retail, and healthcare sectors. Joint team lead Marianne Pezant is noted for her advice on the corporate aspects of private equity investments, and expertise in fund formation. Emmanuel Mimin is another name to note.
Responsables de la pratique:
Fabrice Cohen; Marianne Pezant
Autres avocats clés:
Emmanuel Mimin; Benjamin de Blégiers; Gilles Lebreton; Laurent Schoenstein
Les références
‘The team is very cohesive and works across multiple jurisdictions.’
‘Marianne Pezant is the lead partner we have worked with. She is very service oriented and smart.’
‘Invoicing adapted to the needs of the customers, excellence and reactivity of the collaborators.’
Principaux clients
3i
Apax Partners
Blackstone
Bpifrance
Bridgepoint
Cathay Capital
The Carlyle Group
Cinven
Clayton Dubilier & Rice
KKR
PAI Partners
Partners Group
Permira
Triton
Wendel
Apollo
Ardian
Macquarie
Meridiam
Mirova
Omnes Capital
DIF Infrastructure
Marguerite
Eurazeo
Vauban Infrastructure Partners
InfraVia Capital Partners
BNP Paribas
Crédit Agricole
Natixis
Société Générale
Ardian Private Debt
Ares Capital
Barings
BlackRock
LBPAM
SCOR Investment Partners SE
Bank of America Merrill Lynch
Barclays
Crédit Suisse
Deutsche Bank
Goldman Sachs
HSBC
IKB
JP Morgan
UniCredit
Capzanine
Principaux dossiers
- Advised PAI Partners on the €2.75 billion disposal of the Asmodee group to Embracer Group AB.
- Advised Vauban Infrastructure Partners on its investment in a joint venture with Bouygues Telecom relating to the acquisition of fiber optics (FTTH) lines in French medium dense areas (AMII zones) in France through a system of cofinancing of non-returnable temporary rights of use.
De Pardieu Brocas Maffei
De Pardieu Brocas Maffei's private equity team is noted for its strengths across the financing, tax, and restructuring aspects of leveraged buyouts, with a particular focus on prominent mid-cap deals. M&A specialist Jean-François Pourdieu regularly advises funds on capital raisings and transfers, and assists management funds with buyouts. Practice co-head Cédric Chanas has considerable expertise handling stock exchange regulatory issues and distressed M&A transactions, while new partner Matthieu Candia is also noted.
Responsables de la pratique:
Jean-François Pourdieu; Cédric Chanas
Autres avocats clés:
Matthieu Candia
Principaux dossiers
- Advising EuroTechnoCom group (ETC) in connection with the entry into exclusive negotiations in view of the acquisition by Cinven of a majority stake in ETC’s share capital.
- Advising Eiffel Investment Group in the context of a €40M fundraising to accelerate the development of Fifteen, innovative French player in sustainable mobility.
- Advising MediaSchool on the acquisition of IFC from Ixo Private Equity and Eric Dupressoire, President of the IFC Group
Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP acts for the full range of investor types, providing fully integrated advice on deal structuring, deal execution, acquisition financing, fund structuring, tax, competition, and regulation. Benefitting from the firm's international presence, the team regularly handles complex mid-cap and large-cap transactions for global financial investors seeking to invest in the French market. 'Standout partner' Nicolas Barberis heads up the practice and is supported by key partners Guy Benda, Yann Gozal, and Julien Rebibo.
Responsables de la pratique:
Nicolas Barberis
Autres avocats clés:
Guy Benda; Yann Gozal; Julien Rebibo; Sami Jebbour
Les références
‘For me, the best team on the Parisian market in mid/large cap LBOs very good partners with an important infrastructure.’
‘Nicolas Barberis: excellent, real advice for the PE fund who gives his opinion on the strategy to apply for a transaction. Julien Rebibo, ditto, very good on complex financial aspects such as management packages. Yann Gozal: stock market specialist.’
‘Very sophisticated team at the forefront of the LBO market combining sectoral experience, great agility / availability and great involvement at all levels of the hierarchy. FBD particularly makes the difference in complex transactions involving many jurisdictions, where their international network comes into its own.’
Principaux clients
Caisse de Dépôt et Placement du Québec (CDPQ)
Carlyle
Charterhouse Capital Partners LLP
Chequers Capital
Cinven Capital Management
Compagnie Nationale à Portefeuille (CNP)
EQT Private Equity
General Atlantic
J.C. Flowers & Co.
Kartesia
Marlin Equity Partners
PAI Partners
The Blackstone Group
Principaux dossiers
- Advised Charterhouse Capital Partners LLP, the principal shareholder of Siaci Saint Honoré, on the sale of its shareholding in the context of the merger between Siaci Saint Honoré and Diot, owned by Christian Burrus in a €2.5bn transaction.
- Advised Cinven on the entrance into exclusive negotiations to acquire a majority stake in the Euro Techno Com Group (‘ETC’), a one-stop shop specialised distributor for the telecoms and technology infrastructure industry, from Carlyle.
- Advised BeyondNetZero, General Atlantic’s climate investing venture, on EcoVadis’s $500M fundraising, a provider of globally trusted business sustainability ratings.
Gide Loyrette Nouel A.A.R.P.I.
Gide Loyrette Nouel A.A.R.P.I.‘s team provides an integrated legal and tax offering to a range of financial sponsor clients. The team is additionally noted for its strengths in the structuring and implementation of management packages. Practice head Olivier Diaz has considerable expertise handling complex leveraged buyouts, and specialises in advising regulators on securities and corporate law issues. Jean-François Louit and Caroline Lan are also noted for their strong track record in tax matters.
Responsables de la pratique:
Olivier Diaz
Autres avocats clés:
Jean-François Louit; Paul de France; Antoine de la Gatinais; Caroline Lan; Vincenzo Feldmann
Les références
‘Working with Gide provides access to a “full-service” offer including all the specialties that may be useful during an M&A operation: competition law, labor law, etc. which makes it possible to only have to deal with a single firm working in coordination instead of having to deal with several different specialized firms. In addition, Gide has a network of “tier 1” law firms internationally, such as Chiomenti in Italy and Vinge in Sweden.’
‘Antoine de la Gatinais (M&A) is calm and has a pragmatic approach which allows for constructive discussions with all stakeholders. Always available, he knows how to work in a team and in particular mobilizes all the capacities of Gide to always bring in the best specialists.’
‘Ability to respond very quickly to complex questions about the investment plan of resident managers in more than 20 European countries. Ability to adapt to changes in current LBO orientations, and to different environments related to types of outputs (IPO and sales), allowing the preservation of the interests of managers.’
‘In particular, they have unparalleled know-how in terms of Management Packages, with a dedicated team that is extremely professional, sharp and strong in terms of proposal.’
‘I have worked several times with the team in particular Caroline Lan and Jean-François Louit, who are excellent professionals mastering the technique perfectly.’
Principaux clients
CEP (now Kereis)
Wella
Soitec
April
Idémia
Cérélia
Rubix
Goodwin
Goodwin acts as counsel for buyers, sellers, investors, boards, and special committees across the full spectrum of private equity transactions, and the Paris team regularly works with the firm's international offices on complex cross-border transactions. Practice head Maxence Bloch specialises in mergers and acquisitions, and focuses on litigation before all levels of the French court system relating to equity financing and shareholder disputes. Jérôme Jouhanneaud is also noted.
Responsables de la pratique:
Maxence Bloch
Autres avocats clés:
Thomas Maitrejean; Benjamin Garçon; Jérôme Jouhanneaud
Les références
‘Team is always available with an ability to manage files of very different size, timing and importance. Ability of management to appreciate the right level of delegation and to be present personally at important times.’
‘All of our matters were carried out with Benjamin Garçon. Friendly, with a very good balance between technique and deal interest. Ability to adapt to the different typologies of assigned projects/assignments.’
‘Very high quality work. Availability and bandwidth, even in complicated times (summer, end of year).’
‘Jérôme Jouhanneaud stands out in particular, with a few qualifiers to illustrate: listening, quality of reflection, original ideas, deal-maker.’
‘Goodwin is one of the best firms we work with. Technicality, knowledge of the latest legal and tax developments, assistance in structuring operations, responsiveness.’
‘Jerome Jouhanneaud is an excellent professional. Mastery of all the legal parameters of an LBO operation but also the aspects of negotiation and relations with all stakeholders.’
Principaux clients
Bpifrance
Capza Transition
EMZ Partners
Equistone Partners Europe
Eurazeo
French Food Capital
IK Partners
Lauxera Capital Partners
LFPI
Montefiore Investment
Tikehau Capital
Parquest Capital
Vivalto Partners
Principaux dossiers
- Advised Vivalto Partners on the acquisition of the Vivalto Santé Group.
- Advised EMZ Partners and Sagard on the 4th LBO acquisition of Safic-Alcan.
- Advised Equistone Partners Europe on the LBO on Sicame Group.
Hogan Lovells (Paris) LLP
Hogan Lovells (Paris) LLP is notable for its expertise in mid-cap and complex large-cap mandates for private equity funds, sovereign wealth funds, institutional investors, strategic investors, portfolio companies, and management teams. Practice co-head Stéphane Huten advises on stock exchange law and corporate governance issues and joint team lead Matthieu Grollemund leads on a number of high-profile deals in the tech sector. Xavier Doumen is also noted for his representation of management and executives in private equity transactions.
Responsables de la pratique:
Stéphane Huten; Matthieu Grollemund
Autres avocats clés:
Xavier Doumen; Hélène Parent
Principaux clients
+Simple
21 Centrale Partners and LV Overseas
Accel KKR
Activa Capital
Actomezz (Andera Partners)
Ally Bridge Group
Apax Development partners
Ardian
Argos Wityu
Azulis Capital, Arkea Capital, BNPP Développement, Socadif, MACSF
Blisce Advisors
BPI France
Cathay Capital Private Equity & Cathay Innovation
Chequers Capital
Elaia
Eurazeo
Exotec
Five Elms Capital
Hivest Capital Partners
IDI
Idinvest Partners
Ledger
LFPI
Long Arc Capital
Partech
Red River West
Siparex
TowerBrook Capital Partners (U.K.) LLP
Ÿnsect
Principaux dossiers
- Advising TowerBrook Capital Partners L.P. on the acquisitions of Bruneau (2021), Consolis (2021) and GSF (2022).
- Represented Tikehau Capital on its acquisition of an approximately 40% stake in Egis.
- Represented Arkea in the context of a minority investment in Groupe Grandir.
Jeausserand Audouard
Jeausserand Audouard provides ‘expert advice’ on LBO management packages, as well as related litigation, tax matters, and mergers and acquisitions. The team regularly works with a diverse and high-profile client base of corporates, management teams, and founders. The practice is jointly led by Jérémie Jeausserand, Carole Degonse, Elodie Cavazza and Patrick Loiseau.
Responsables de la pratique:
Jérémie Jeausserand; Carole Degonse; Elodie Cavazza; Patrick Loiseau
Les références
‘A very great mastery of the subject in general and global competence in taxation, management packages, and negotiation.’
‘Expert advice.’
‘Experience, team spirit, competence.’
Principaux clients
ALMAVIVA SANTE
WOONOZ
MARKAL
TVH CONSULTING
MARLINK
VALGO
CARAT CAPITAL
KEM ONE
NOVASEP
IMMR
LABORATOIRES AUDEVARD
FONCIA
ALLIANCE MARINE
AUTOFORM
SYNACKTIV
GROUPE ORYX (PROPRIETES-PRIVEES)
ALLIANCE ELECTRONICS
CULTURESPACES
LV OVERSEAS
SMARTMEDIA
SITES
ATLAS FOR MEN
GSF
BASERRIA (MAISON LARTIGUE & FILS)
L’ECOLE FRANCAISE
LEETCHI.COM (MANGOPAY)
HORIZON SOFTWARE
GROUPE THOIRY
LATECOERE
QUBIT PARMACEUTICALS
HAVEA GROUP
Principaux dossiers
- Advises the management of Almaviva Santé, the 4th largest French private hospital group, valued at €1.5 billion, which is preparing to welcome Wren House Infrastructure and BPI France as shareholders.
- Assisting the management of the LV Overseas group, a major player in logistics and transport commissioning, in the context of a majority LBO with MML Capital and Bpifrance.
- Assisting the management of the GSF group, one of the French leaders in cleaning and hygiene, valued at nearly €1 billion, in the context of an LBO with Towerbrook.
Linklaters
Alongside its market-leading M&A practice, Linklaters' private equity team is able to draw on experts from its corporate, tax, infrastructure, restructuring, banking, and competition law teams. Bruno Derieux and Fabrice de La Morandière have substantial experience advising on high-profile public or private M&A transactions, buy-outs, restructurings, and public offerings. Florent Mazeron has strengths in corporate governance issues and the setting up of strategic partnerships and joint-venture agreements.
Responsables de la pratique:
Bruno Derieux; Fabrice de La Morandière; Florent Mazeron
Les références
‘Florent Mazeron has been outstanding. Extremely committed deal maker, has provided smart solutions to get the deal done. Always here to deliver the extra mile and excellent negotiator.’
Principaux clients
ARDIAN
GIP
A TDR-led consortium (LeasePlan shareholders)
Carlyle
Vauban Infrastructure Partners
CDPQ
Partners Group
CVC Capital Partners
EQT
Cobepa
Antin Infrastructure Partners
InfraVia Capital Partners
PAI Partners
Blackstone
Marguerite
Montagu Private Equity
Apollo Management International
Advent International
Principaux dossiers
- Advised ARDIAN and Global Infrastructure Partners on their contemplated takeover offer for Suez (waste and water management company) in the context of the hostile takeover battle between Suez and Veolia.
- Advised a TDR-led consortium, the shareholders of LeasePlan, one of the world’s leading vehicle leasing companies, on its contemplated combination with ALD, Société Générale’s car leasing division, for €4.9bn.
- Advised Carlyle on the acquisition of AutoForm, a leading provider of end-to-end software solutions for the engineering, evaluation and improvement of the entire sheet-metal forming and body in white assembly engineering process, notably for the automotive industry, from Astorg and the founder of the group.
Mayer Brown
Mayer Brown's private equity team is regularly instructed on complex mid-cap deals, leveraging the wider firm's expertise in transactional, tax, and finance to advise established funds and managers. The practice is headed up by Guillaume Kuperfils who also co-leads the firm's global private equity group. Olivier Aubouin has experience advising on securities issues and capital markets, and Emily Pennec specialises in public-to-private and public takeover transactions.
Responsables de la pratique:
Guillaume Kuperfils
Autres avocats clés:
Olivier Aubouin; Emily Pennec; Hadrien Schlumberger
Les références
‘Strong analysis and rigor.’
‘The partners personally get to the bottom of things, always in control of the case. Very competent team.’
Principaux clients
Abénex Capital
Bridgepoint / Bridgepoint Development Capital
Elaïs Orium
Intermediate Capital Group (ICG)
IDI
IK Partners
L Catterton
LBO France
Marlin Equity Partner
Oaktree
Qualium Investissement
Quilvest Capital Partners
Raise
Sagard
Stirling Square Capital Partners
Principaux dossiers
- Advised Quilvest Capital Partners and IK Partners on the sale of its interest in Groupe EDH following the investment of Five Arrows Principal Investments and the reinvestment in the group.
- Advised LBO France on the sale of its interests in Groupe RG.
- Advised Bridgepoint on the acquisition of a majority stake in CAST and the launch of a mandatory simplified tender offer to acquire the remaining CAST shares.
McDermott Will & Emery AARPI
McDermott Will & Emery AARPI advises investment funds on the full range of LBO operations, including acquisitions, build-ups and disposals. The practice is notable for its advisory services on major mid-cap transactions on the French market, as well as specialised advice to management teams, an area where Henri Pieyre de Mandiargues takes the lead. Grégoire Andrieux works with sponsors and founders across all major sectors, and Diana Hund regularly represents German corporate groups in their investments in France.
Autres avocats clés:
Grégoire Andrieux; Henri Pieyre de Mandiargues; Diana Hund; Guillaume Kellner; Fabrice Piollet
Principaux clients
Abénex
Andera Partners
Ardian
Ardian Growth
Argos Wityu
CAPZA
Gaïago and its founders
Groupe Herbarom
HLD
Five Arrows Growth Capital (FAGC)
IK partners
Eurazeo
MML Capital
Management team of Cheops Technology
Management team of Sogelink and Geodesial
Naxicap Partner
Nov Santé Actions Non Cotées fund (managed by Eurazeo)
Quilvest Capital Partners
RAISE Investissement
Principaux dossiers
- Represented Ardian, through its fund Ardian Expansion V (€2 billion under management), on its acquisition of Group RG, a leading distributor of personal protective equipment in France with €300 million of revenue, from LBO France, alongside the management team and Latour Capital.
- Represented Quilvest Capital Partners, a global alternatives investment and well-known player with c. $6 billion AUM across its four business units, on its acquisition, with Crédit Mutuel Equity, of a minority stake in the Minafin group.
- Represented HLD, an investment firm specialising in the growth and development of European companies, on the negotiations related to the acquisition of the founders of eyewear brand Jimmy Fairly and investment fund Experienced Capital (ECP), to acquire a majority stake in the French eyewear brand.
Orrick
Orrick combines cross-practice expertise to advise clients on LBOs, OBOs, MBOs, secondary buyouts, and sales of portfolio companies. The team acts for buyers, sellers, investors, and lenders on both large and small-to-mid cap deals. Patrick Tardivy co-chairs the firm's global M&A and private equity group, and has notable expertise across the energy, infrastructure, and real estate sectors. Olivier Jouffroy is able to draw on previous experience practising in Luxembourg.
Responsables de la pratique:
Patrick Tardivy; Olivier Jouffroy
Les références
‘Patrick Tardivy: the best – excellent negotiation skills, deep understanding of sector, master all related topics (tax, structure…), able to create consensus.’
‘The team is well placed to handle complex large-cap transactions while handling all ancillary matters via their global network.’
‘Olivier Jouffroy is tech-savvy and hardworking.’
Principaux clients
3i Group plc
Almaviva Capital
Antin Infrastructure Partners
Ardian
AXA IM
CNP Assurances
Eurofiber
Kem One
NXMH
Proximis
Safran
Saur
Société d’Investissement Bastide – SIB
Stokke AS
Principaux dossiers
- Advising Ardian Infrastructure on signing a €1.4 billion agreement to acquire a majority stake in the capital of solar energy pioneer GreenYellow from French mass-market retail giant Groupe Casino.
- Advised CNP Assurances on the €9 billion acquisition of New Suez from Veolia, and the acquisition from Engie of an additional 11.5% stake in GRTgaz, a deal worth around €1.6 billion.
- Advised Antin Infrastructure Partners on its c. €2 billion disposal of private hospital group Almaviva Santé to WrenHouse.
Paul Hastings LLP
The team at Paul Hastings LLP is predominantly active on mid-market and upper-mid market deals, handling all aspects of buyout transactions including acquisition finance, restructuring, and tax. Practice head Olivier Deren advises funds and managers, as well as portfolio companies, on their growth strategies. Arthur de Baudry d’Asson handles leveraged transactions and public-to-private deals for major clients.
Responsables de la pratique:
Olivier Deren
Autres avocats clés:
Sébastien Crépy; Charles Cardon; Alexis Terray; Arthur de Baudry d’Asson; Etienne Mathey
Les références
‘Classic but effective and transparent working method. Advantages: fair and balanced advice for all parties which allows you to move forward quickly and efficiently, gives you the impression of being its unique/privileged client, contribution of new ideas/creativity, reasonable billing for this type of firm.’
‘Very strong, precise, commercial and fast execution.’
‘We work with Arthur de Baudry d’Asson who is outstanding.’
Principaux clients
21 Invest
Amundi Private Equity Fund
Ardian
Astorg
B&Capital
Bpifrance
EMZ Partners
EQT
Equistone Partners Europe
Five Arrows Principal
Gimv
Intermediate Capital Group (ICG)
Isai
KC Invest
Keensight Capital
LGT European Capital
Montefiore Investment
Morgan Stanley Infrastructure Partners
Mubadala Capital
Olma
PAI Partners
Qualium Investissement
RAISE
Société Générale Capital Partenaires
Tikehau Capital
Turenne Capital
Providence Equity Partners
Sagard NewGen
Wendel
Principaux dossiers
- Advised Astorg and the other shareholders of AutoForm in connection with the disposal of Autoform, a leading provider of software for product manufacturability, tool and material cost calculation, die face design and virtual stamping as well as BiW assembly process optimisation to the Carlyle Group.
- Advised EQT in connection with the acquisition of a majority stake in Lifebrain, the leading Italy-based laboratory diagnostics services operator.
- Advised Keensight Capital in connection with the acquisition of a majority stake in Adista, the leading alternative B2B hosted services provider.
Scotto Partners
Scotto Partners advises top executives, managers, and founders on mid and large-cap mandates. The team is notable for its strength advising on management packages, drawing on cross-practice expertise in tax, M&A, corporate finance, and employment law to provide clients with a comprehensive service. The practice is jointly led by Lionel Scotto le Massese, Claire Revol-Renié, Isabelle Cheradame, Adrien Badelon and Jérôme Commerçon.
Responsables de la pratique:
Lionel Scotto le Massese; Claire Revol-Renié; Isabelle Cheradame; Adrien Badelon; Jérôme Commerçon
Les références
‘Scotto’s practice is not only unique but rare: the price point of working only for management teams is the key. All other business law firms are dependent on client funds which provide a significant flow of business; their independence is therefore called upon when it comes to advising management teams. Scotto fulfils this role perfectly. Moreover, having adopted this positioning for a long time, Scotto has a focus on management package practices, with which even its direct competitors cannot compete.’
‘Very committed and competent team, also attentive to our concerns. Efficient use of new technologies and total availability!’
‘Good team; very complete and available when we have an intense period that requires their presence. Very professional and reassuring in their approach, they provide all the necessary services to the management team.’
Principaux clients
Greenyellow
Imerys HTS
Arkopharma
Linxis
Kiloutou
Indigo
Mail in Black
Lapeyre
Diot-Siaci
Adista
Wifirst
Vinventions
Agora Technologies
+Simple
Rydoo
Aquilus
ISGA
Eidosmedia
Principaux dossiers
- Advising the managers and founders of Greenyellow on the sale by Casino of its majority stake to Ardian Infrastructure (Casino, BPI and Tikehau rolling over as minority investors in the next transaction).
- Advised the management team of Siaci on the dual transaction comprising (i) the consolidation of Siaci and Burrus Group and (ii) the purchase by Siaci management team, Mr Christian Burrus and various investment funds of the Charterhouse’s and Ardian’s former stakes in Siaci.
- Advised the founder and rest of the management team in the purchase by Capza (new majority financial investor) of Amundi and BPI’s previous stake (who rolled over as minority financial investors).
White & Case LLP
White & Case LLP's cross-practice team combines expertise in M&A, finance, capital markets, tax, employment, and real estate to service a spectrum of clients on complex private equity transactions. The team is particularly skilled in debt restructurings, de-SPACing, IPOs, and stressed and destress M&A transactions. Saam Golshani leads the practice, and is supported by key lawyers Marc Petitier, Nathalie Nègre-Eveillard, and Xavier Petet.
Responsables de la pratique:
Saam Golshani
Autres avocats clés:
Marc Petitier; Hugues Racovski; Nathalie Negré-Eveillard; Xavier Petet; Alexis Hojabr; Jean Paszkudzki
Principaux clients
Macquarie Asset Management
CVC Capital Partners
Amber Capital
Bpifrance
Altitude Infrastructure
Cube Infrastructure
Mérieux Equity Partners
FCDE
Omnes Capital
Angelo Gordon
Sogecap
BNP Paribas
Softbank
Goldman Sachs
Tikehau
DEE Tech
SPAC Pegasus Entrepreneurs
Eurazeo
Principaux dossiers
- Advised Macquarie Asset Management, in a consortium with British Columbia Investment Management Corporation (BCI) and MEAG Munich Ergo Asset management GmbH (MEAG), on its EUR 2.5 bn enterprise value acquisition of Reden Solar, from InfraVia Capital Partners and Eurazeo.
- Advised investment firm CVC Capital Partners on the signing of an investment commitment agreement with France’s Ligue de Football Professionnel (LFP) related to the creation of a commercial subsidiary intended to support the financing of professional and amateur football clubs.
- Advised Pegasus Entrepreneurs and its sponsors Tikehau Capital, Financière Agache, CEO Pierre Cuilleret, Jean-Pierre Mustier and Diego De Giorgi on its de-SPACing with FL Entertainment, a global entertainment group comprising Banijay Group and Betclic Everest Group, that will result in the listing of FL Entertainment on Euronext Amsterdam.
Ashurst LLP
Responsables de la pratique:
Noam Ankri; François Hellot; Anne Reffay; Vincent Trevisani
Les références
‘Very professional, technical, available and friendly team.’
‘Anne is a very good lawyer, pragmatic and efficient.’
Principaux clients
Bpifrance
Dyal Capital Partners
The managers of the Chryso Group
Klee Group
Apollo Infrastructure Opportunities
Sun Capital Partners
Creadev
CVL 3
Caravelle
Ms. Karin Sartorius Herbst
IHS Markit Ltd
Principaux dossiers
- Advised an affiliate of Sun Capital Partners on the sale of C&K Switches Group, a manufacturer of electromechanical switches, to Littelfuse, Inc. for an enterprise value of $540 million. The transaction remains subject to customary regulatory approvals.
- Advised EPIC Bpifrance, acting on behalf of the French State as part of the Convention French Tech Souveraineté, on its EUR 15,000,000 investment in Unity-SC.
- Advised the controlling shareholders and founders of Klee Group in the context of the minority investment by an LBO fund called ‘MBO & Co’ in the Service branch of Klee Group.
AYACHE
Responsables de la pratique:
Bernard Ayache; Olivier Tordjman
Autres avocats clés:
David Ayache; Gwenaëlle de Kerviler; Grégoire Zeitoun
Principaux clients
Sagard
Towerbrook
Kardinal
Inveready
CAPZA
Groupe Open (founders)
ICG Infra
Towerbrook, CAPZA Expansion
Waterland (fund)
B&Capital
Montefiore Investment
Ubibene founders and Managers / Eduservice
Founders and Managers of DESTIA
La Foir’Fouille
Cleary Gottlieb Steen & Hamilton
Responsables de la pratique:
Charles Masson
Autres avocats clés:
Valentin Lefebvre
Les références
‘Very strong long-term relationship with our advisor Charles Masson. He does a great job of giving strong advice, while limiting billing.’
‘Charles is more than a lawyer, giving us strategic and other advice, a real consigliere.’
Principaux clients
Apollo
De Agostini
NVHL
Cerberus / My Money Group
Bridgepoint
Sienna Capital
Emerging Capital Partners
Latour Capital
Yeelen Capital
HOPU Investments
Principaux dossiers
- Representing the investment funds managed by affiliates of Apollo (Apollo Funds) in the proposed acquisition and acquisition financing of the Terminals, Solutions & Services (TSS) business line from Worldline.
- Advised De Agostini in connection with the business combination of FL Entertainment (holding company of Banijay group and Betclic group) with Pegasus Entrepreneurial Acquisition Company Europe (SPAC-backed by institutional sponsors Financière Agache and Tikehau Capital), resulting in a public listing of FL Entertainment on Euronext Amsterdam.
- Advised Sienna Investment Managers in connection with its acquisition of a majority of the share capital of Malakoff Humanis Asset Management and long-term strategic partnership with Holding Malakoff Humanis in the field of retirement and employee savings.
Dentons
Responsables de la pratique:
Olivia Guéguen
Autres avocats clés:
Guillaume Kessler; Olivier Genevois
Les références
‘Great team of professionals.’
‘Olivier Genevois remains very involved in the files. He is available at all key moments in the case, including long SPA negotiation sessions.’
Principaux clients
Abenex
Alpha Private Equity
B& Capital
Bpifrance
Essling Capital
Genesius HID
Gilde Healthcare
KKR
KSL
Microport
Mirova
Neo Investment Partners
Ouest Croissance
PAREF
Pechel
Vauban Infrastructure Partners
Zetland Capital Partners
Principaux dossiers
- Advised Essling Capital on its LBO on Teknimed, a leader in orthopaedic products. This was a secondary LBO financed together with private debt fund Apera (Teknimed was sold by Apax after a first LBO).
- Advised Arcole Industries, a French specialist in taking over distressed or underperforming companies, on the sale (open bid) of Solice Group to Ciclade.
- Advised the founders of Valiantys, a digital transformation consulting firm and one of Atlassian’s leading global partners, in connection with an LBO structured with the management team and Tercera Capital on the Valiantys group.
DLA Piper
Responsables de la pratique:
Simon Charbit; Sarmad Haidar; Fanny Combourieu
Les références
‘Good collaboration within the team, where we feel the desire of the partners to transmit their expertise. It is also worth noting the fluid transmission of information between the teams of different specialities, thus facilitating the effective progress of a case.’
‘Mr Haidar’s international experience is a huge asset for any cross-border deal.’
Principaux clients
Andera Partners
BPIFrance
Bridgepoint
Premium Partners
Capzanine / Barings
Montefiore Investment
Cathay Capital Private Equity SAS
HTC Vive Investment (BVI) Corp
Metric Capital Partners
The Carlyle Group
Tikehau Capital
Eurazeo
Lion Capital
MML
B&B Management
Circet Management
Summa Equity
Mérieux Equity Partners
STG Funds
21 Partners
OGGI Climate Investments
Principaux dossiers
- Representing the Carlyle Group in connection with a range of multimillion EUR projects.
- Advised Bridgepoint on the French tax structuring of their flagship private equity investment fund Bridgepoint Europe VII, including advice related to carried interest.
- Advising the founders and management of CIRCET in connection with its entry into exclusive negotiations with ICG for the sale by ADVENT of its stake in CIRCET and their co-investment with ICG.
Franklin
Responsables de la pratique:
Autres avocats clés:
Alexandre Marque; Lionel Lesur; Jacques Mestoudjian; Laura Danet
Les références
‘Strong partner involvement and only senior associates with relevant knowledge and experience.’
‘Lionel Lesur and Laura Danet demonstrated very strong engagement and availability. On top of M&A/PE Lionel Lesur was also very knowledgeable in competition law, providing very clear guidance and pragmatic on these – sometimes – quite obscure matters of EU competition law. Very good knowledge of the practice, of the sector, and precedents, including in emerging markets. Excellent ability to work with other advisors. Very good quality of documents produced. Excellent at advocating and defending client position.’
‘The Franklin team is tight and offers quality service on classic M&A transactional themes. During their last transaction with us, I was particularly impressed by their responsiveness and their ability to collaborate effectively and coordinate a large number of stakeholders. The pleasant mode of collaboration and the quality of the work (especially in view of the price paid) make me want to renew the experience.’
Principaux clients
ACE Capital Partners
Altice
Biotech Investissement
Eurazeo
Geopost
Groupe Magellim
Perseus
Perwyn
Tikehau Ace Capital
Principaux dossiers
- Advised Créations Fusalp on the entry of two investment funds, Mirabaud Private Capital and Mirabaud Patrimoine Vivant, into its share capital.
- Advised Eurazeo in the frame of the joint acquisition with Sagard of I-Tracing.
Gibson Dunn
Responsables de la pratique:
Bernard Grinspan; Ariel Harroch
Autres avocats clés:
Judith Raoul-Bardy
Principaux clients
Platinum Equity Advisors
Brookfield
RedBird Capital Partners
KKR
TPG
Bpifrance Investissement
Stirling Square Capital Partners
Naxicap Partners
OFI Asset Management
Tikehau Ace Capital
Mutares
HOCHE AVOCATS
Responsables de la pratique:
Jean-Luc Blein, Grine Lahreche
Autres avocats clés:
Ariane Berthoud
Les références
‘Excellent knowledge of LBO law, excellent availability, legal team of an excellent level. Very business oriented, very strong knowledge of the ecosystem which allows them to provide relevant advice and in line with expectations/constraints.’
‘Grine Lahreche has remarkable knowledge of their sector, very high availability and excellent responsiveness. This allows them to deliver very high quality advice and an excellent ability to execute.’
‘Tight team, close to its customers, able to find availability even in periods of intense activity. Rather economically competitive, able to work with a bonus for success.’
‘Grine Lahreche: friendly, courteous with colleagues and management teams, very good follow-up of subjects, good technical skills, commercial.’
‘Mastery of LBO subjects with current practices, availability, speed, rigor.’
‘Grine Lahreche: availability, very good knowledge of LBO operations and current practices.’
‘Grine Lahreche is a lawyer who knows how to understand the needs of his clients and handle complex situations with finesse and professionalism.’
Principaux clients
21 INVEST FRANCE
APAX PARTNERS
BRIDGEPOINT PORTFOLIO SERVICES
CAPZA
IK PARTNERS
KEENSIGHT CAPITAL
MEANINGS CAPITAL PARTNERS
QUILVEST CAPITAL PARTNERS
SIPAREX
UI INVESTISSEMENT
OMNES
Moncey Avocats
Responsables de la pratique:
Guillaume Giuliani
Les références
‘Nice team, pragmatic dealmakers who work very well as a team in an effective & efficient way.’
‘Complementary team that is used to working together, communication and the process are therefore very fluid. In terms of execution capacity, the Moncey team is very experienced, the whole team has a great ability to listen and is very available, which is appreciable vs other firms where the partners are sometimes more difficult to reach. Digital signature process via Closed.’
‘Guillaume Giuliani and Marie-Victoire James are very available, attentive, with a strong ability to resolve problems by proposing innovative solutions. The Moncey teams are very proactive, they anticipate problems to clear them in advance.’
‘Excellent knowledge of LBO law, availability of partners, and knowledge of the sector and its ecosystem.’
‘Guillaume Giuliani has an excellent knowledge of the mid-cap LBO sector in France and of the entire ecosystem (lawyers, funds, etc.) which allows him to deliver very high quality advice, taking into account the expectations and leeway of counterparties. He is also available at any time.’
‘Very efficient team, deal makers. Renowned among colleagues. Efficient implementation of the electronic signature.’
‘Guillaume Giuliani, Marie-Victoire James and their team are strongly committed to the success of their client.’
‘Great availability and professionalism.’
Principaux clients
Capza
MBO & Co
Apax Partners
Siparex
Quilvest Capital Partners
Andera Partners
Sparring Capital
Trajan Capital
Activa Capital
B & Capital
M80 Partners
Raise
Trocadero Capital Partners
Cerea Capital
CIR Group
Groupe SCP
Principaux dossiers
- Advised Capza on its €100m+ acquisition of Nutravalia, a French laboratory specialising in food supplements and pharmaceuticals.
- Advised MBO & Co on its €80m+ acquisition of L.E.N. Médical Group, a leading marketing and communication platform dedicated to healthcare professionals.
- Advised Apax Partners on its €80m acquisition of CEME Group, a leading national and independent energy player.
Shearman & Sterling LLP
Responsables de la pratique:
Jeremy Scemama
Autres avocats clés:
Xavier Norlain; Guillaume Isautier; Matthieu Lampel
Les références
‘Innovative, solid, friendly, deal makers.’
‘Very strong team responsiveness and pragmatic approach, going straight to the essentials and available options. Particularly appreciable cost effectiveness.’
‘Tight team and strongly committed to the customer. Very high responsiveness, even during periods of reduced availability.’
Principaux clients
Abenex
Alpha Private Equity
Apax
Bpifrance
Bridgepoint
Experienced Capital
The Carlyle Group
Montefiore Investment
Eurazeo
Meanings Capital Partners
PAI Partners
MML
FNB PE
Metric Capital Partners
Experienced Capital Partners
Tikehau
Principaux dossiers
- Advised PAI Partners and European Camping Group (portfolio company) on the acquisition of Vacanceselect.
- Advised Groupe Premium (Eurazeo portfolio company) on the acquisition of Groupe Forward and the acquisition of a stake in the asset management firm Linard Charbonnel.
- Advised the Carlyle Group and other shareholders in connection with the entry into exclusive negotiations to sell a controlling stake in Euro Techno Com Group, a leading “one-stop shop” value-added distributor for the telecoms network and technology infrastructure industry, to Cinven.
Archers A.A.R.P.I.
Autres avocats clés:
Mark Richardson; Marc Baffreau; Emily Pabot du Chatelard; Kamal Naffi
Principaux clients
Abenex
Amundi
Capza
Sagard
MyHeritage
Francisco Partners
Quilvest
Trocadero Capital Partenaire
Capsule Technologies
11 Strat Management Team
Naxicap
Yellow Wood Partners
Talan
Sumeru Equity Partners
August Debouzy
Responsables de la pratique:
Julien Aucomte; Julien Wagmann
Principaux clients
CAISSE DES DEPOTS ET CONSIGNATIONS
TIGER GLOBAL MANAGEMENT
ARGOS WITYU
RAISE INVESTISSEMENT
CAPZANINE
CREADEV
I SQUARED CAPITAL
CATHAY CAPITAL
KKR
MERIDIAM
INFRAVIA CAPITAL PARTNERS
BRIDGEPOINT
10T
GREENOAKS CAPITAL
ELAIA PARTNERS
AXELEO CAPITAL
ISAI GESTION
KERNEL INVESTISSEMENTS
Principaux dossiers
- Advised the Caisse des dépôts et consignations (CDC), on a private auction process between PE funds which led to the sale to Tikehau Capital of a 40% stake in Egis, the leading French engineering company specialising in construction engineering and mobility services.
- Advised the shareholders of Laboratoires Majorelle in the context of its sale to the investment fund EW Healthcare Partners.
- Advised the French Private Equity fund Argos Wityu on the sale to Crédit Agricole Leasing & Factoring of Olinn group, a major operator in France of rental solutions for technological equipment, under LBO since 2018.
Bersay
Responsables de la pratique:
Pierre-Louis Périn; Jérôme Bersay; Anya Hristova; Stéphanie Benmoussa-Molkhou
Principaux clients
Perspecteev
Frédéric Jousset / Quadia
METabolic EXplorer
Save Market
EureKARE
3.6.2 Participations
Principaux dossiers
- Advised Perspecteev on its Series A funding round dedicated to Bridge, its B-to-B branch, with Truffle Capital and Groupe BPCE.
- Advised METabolic Explorer (METEX), the French leader in fermentation, (1) on the acquisition of 100% of the shares of Ajinomoto Nutrition Europe (AANE); (2) on the purchase of the minority stake held by the SPI fund managed by Bpifrance Investissement in its subsidiary METEX NØØVISTA and the reinvestment of the SPI fund.
- Advised the entrepreneur Frédéric Jousset and the Quadia fund on their acquisition of a stake in Bio Conquête, a group of organic and in-conversion farms as well as agri-food plants.
Bignon Lebray
Responsables de la pratique:
Edouard Waels
Autres avocats clés:
Laetitia Benoit; Tanguy Dubly; Alexandre Ghesquière; Jacques Goyet; Neil Roberston; Thierry Permezel; Alban Van de Vyver
Principaux clients
Altima
Capital Croissance
Turenne Capital Partenaires
Axialease
NewAlpha Verto
Financière Fonds Privés
Bolk
Ween
Cap Horn
123 Roulement
EIC Fund (European Commission)
Jagger & Lewis
Principaux dossiers
- Advising Jérémy Guffroy and Michael Dumas, shareholders of 123 Roulement, in the context of the sale of their stake to Trajan, LT Capital and BPI (investment fund).
- Advising private equity firm Capital Croissance in the context of the majority takeover of France-based ad-tech firm Smart AdServer in a funding round that also involves Idinvest and Adelie Capital.
- Advising EIC Fund (European Commission) in the context of multiple investments in France and, in particular, its investment in Karos, Netswave, Osivax, and Altaroad.
D'Ornano + Co.
Responsables de la pratique:
Raphaëlle d’Ornano
Autres avocats clés:
Thomas Priolet; Marcus Schmidbauer; Arthur Leclerc
Les références
‘One-stop shop for due diligence.’
‘Work to timetables well and competitive pricing.’
Principaux clients
Keensight Capital
Marlin Equity Partners
The Carlyle Group
Montefiore Investment
Sagard
Five Arrows Private Equity
Eurazeo
Capza
Apax Partners
Principaux dossiers
- Advised Sagard on the acquisition of Audensiel through an LBO in March, 2022.
- Advised Sagard on the acquisition of EOS through an LBO on February 10, 2022.
- Advised Padoa on its €80 million fundraising on February 2, 2022 with Five Arrows Growth Capital.
FIDAL
Responsables de la pratique:
Sabrina Bol
Autres avocats clés:
Olivier Josset; Mathieu Aurignac
Fieldfisher
Responsables de la pratique:
Philippe Netto
Autres avocats clés:
Christopher Mesnooh; Jean-Baptiste Van de Voorde
Les références
‘The Fieldfisher team has grown significantly over the past few years with very experienced and complementary practitioners, which allows the client to address many subjects (legal, tax, social) with a single firm as ‘interlocutor.’
‘Jean-Baptiste Van de Voorde is a remarkable partner who always makes himself available to support his clients, takes the time to fully understand all the subjects. His knowledge of the market and stakeholders is a real advantage on a daily basis.’
Principaux clients
123 IM
DealbyDeal Invest
Socadif Capital Investissement
Entrepreneur Invest
Luxempart
Financière Arbevel
Crédit Mutuel Equity
Trocadero Capital Partners
MACSF, Vivalto, Socadif, BNP Paribas Developpement
Isatis Capital
Swen Capital Partners
Alpha PE
INTM
Apivia Macif Mutuelle
iMuze France (now named Match Tune)
Mermoz Avocats
Responsables de la pratique:
Thomas Hermetet; Arnaud Levasseur; Gilles Roux; Nada SbaÏ; Tristan Segonds; Aurélie Bonsch
Les références
‘A very competent team and easy to work with.’
‘Tristan Segonds and Gilles Roux: 2 very good professionals, always seeking consensus and capable of proposing innovative solutions.’
Principaux clients
ARKEA CAPITAL
AMUNDI PRIVATE EQUITY
IDIA CAPITAL INVESTISSEMENT
SPARRING CAPITAL
UI INVESTISSEMENT
21 INVEST
CICLAD
APAX
CREDIT MUTUEL EQUITY
Bpifrance
ANDERA ACTO
CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT
ORYX GROUP MANAGERS
POINT VISION GROUP MANAGERS
UNIVERSIGN MANAGERS
EKOSPORT FOUNDERS
ZURFLÜH FELLE’ MANAGERS
SOCIÉTÉ GÉNÉRALE CAPITAL PARTENAIRES
GERFLOR
VISCO
Principaux dossiers
- Advising Akéa Capital, Bpifrance and Macif on their participation in the capital strengthening of DomusVi.
- Advising Amundi Private Equity and Idia Capital Investissement on the new LBO of LMB Aerospace.
- Advising the sellers, Sparring Capital and the Oryx group managers in the framework of their LBO.
Jeantet
Responsables de la pratique:
Philippe Matignon
Autres avocats clés:
Thierry Brun; Karl Hepp de Sevelinges; Stephen Walters; Pascal Georges
Les références
‘Availability, strong and multiple skills, listening, responsiveness.’
Principaux clients
Argos Wityu
LBO France
Thoma Bravo
DZETA Conseil
Turenne Capital
Five Arrow
Apollo Global Management
Principaux dossiers
- Advised Apollo Global Management on the signing of a final agreement for a €500 million investment in a subsidiary of Air France-KLM.
- Advised LBO France in connection with its acquisition of a majority stake in Origine Cycles.
Joffe & Associés
Responsables de la pratique:
Virginie Belle; Aymeric Dégremont; Christophe Joffe; Thomas Saltiel; Romain Soiron
Principaux clients
BPIFrance / WYZ
Syspertec
Human & Work (Stimulus)
Atelier de Recherche et de Conceptions
EMP Rotomoulage
GPG Granit / Reprise
IT Facto
Capital Croissance
Nextstage
Principaux dossiers
- Advised management of Human & Work on the LBO 3.
- Advised the historical partners (Elie Benmergui, NextStage™ and Mi3) on the LBO of GPS Glass Partners Solution.
- Advised Capital Croissance on the LBO of Pilocap Group.
King & Spalding LLP
Responsables de la pratique:
Laurent Bensaid
Principaux clients
Cathay Capital Partners
Almerys
Montefiore Investments
Neotys
Creadev
Envea (Founders and management team)
Olivier Creed
Baker Hughes
EODEN
DALET
HLD group
Blackfin Capital Partners
Principaux dossiers
- Advised Cathay Capital Private Equity on an agreement with 3i to sell Havea Group to BC Partners, which will take a majority stake via BC Partners XI.
- Advised the founder and controlling shareholder of Almerys on the exclusive negotiations with European private equity fund EMZ Partners in connection with a buy-out transaction on Almerys, which values 100% of its equity at approx.
- Advised Montefiore Investment, on the exclusive negotiations with Pléiade Investissement and the management of Generix Group, to conclude an investment agreement for the acquisition of control of Generix Group by a dedicated vehicle in which Pléiade, Montefiore and Generix’s management will be shareholders.
Opleo Avocats
Responsables de la pratique:
Pierre-Olivier Bernard; Antoine Degorce
Autres avocats clés:
Aude Chartier
Les références
‘A team specialized in management packages and taxation of executives. Very experienced and competent.’
‘A highly competent, highly experienced and highly responsive team.’
‘Opleo has accompanied the management on the occasion of several successive LBOs: in the negotiation and implementation of the management package – the partnership and the understanding of the issues are 2 differentiating elements. Other positive points concern Opleo’s ability to deal with the collective and specific cases within management. Extensive experience also in benchmarking and market practice concerning management packages.’
‘Aude Chartier: very good at listening to the client, proactive search for solutions, very professional and reactive.’
‘Antoine Degorce: very keen on management package issues and tactical in negotiations with the investment fund on behalf of the management.’
‘Competence, transparency, responsiveness.’
Piotraut Giné Avocats (PGA)
Responsables de la pratique:
Piotraut Raphaël; Giné François
Les références
‘A team oriented towards “deal-making”. Employees very committed to customer service, with excellent responsiveness.’
‘Very efficient, responsive and well-coordinated team.’
‘François Gine: efficient, concise, deal maker, very responsive. Explains clearly and simply. Reassured on the critical points. Finds solutions.’
Principaux clients
Hélène Linard Cabinet Linard Charbonnel
Travelsoft
Momentum Invest
Tiepolo
Digital Value
GSDI
UI Investissement
Apicap
SAT France
Food & Baverage
Coptis
WShop
Amplitude
Eurogerm
Apax
Alliance Entreprendre
Sfeir
Mesotrans
Squad
Doreau
Netinvestissement
AerotechPro
Global Media Sante
Crédit Mutuel Equity
Yunit
Ciméa
Principaux dossiers
- Advised the founders and majority shareholders of JDDG on the acquisition via LBO of Tiepolo with Andera as sponsor.
- Advised the PE Fund Food And Beverage on the LBO regarding the company Fromagerie Terre d’Or.
- Advised the PE Fund UI Investissement on the LBO regarding the company Omnitrans.
Sekri Valentin Zerrouk
Responsables de la pratique:
Franck Sekri; Géraud de Franclieu; Pierre-Emmanuel Chevalier; Antoine Haï
Principaux clients
AMUNDI Private Equity
QIMA
ZOUARI STOKOMANI
ZOUARI MAXI BAZAR
2MX ORGANIC / IN VIVO RETAIL
APAX Partners
BA&SH
TURENNE CAPITAL
GENEO LEADER GROUP
GENEO GNBA GROUP
WHOZ
CHEQUERS CAPITAL / OCI
IM SQUARE IK LUXEMPART
IM SQUARE SYZ Asset Management
IM SQUARE Zadig Gestion SA
FOUNDERS IZIPIZI
CLS
Valtus
Diapason
BK CONSULTING
Principaux dossiers
- Advised QIMA on the acquisition of a minority stake by CDPQ (Caisse de Dépôt et Placement du Quebec).
- Advised the Zouari family on its acquisitions of Stokomani.
- Advising BA&SH in the context of the sale by L Catterton of a majority stake to the HLD fund.
Spark Avocats
Responsables de la pratique:
Ariane Olive; Mathieu Ducceschi
Autres avocats clés:
Sonia Codazzi; Floran Mayor
Les références
‘Young, friendly and empathetic firm.’
‘Ability to “overflow” (in a good way) from the classic role of lawyer. Help in negotiations, on the financial modeling part, coordination of the various councils, etc. Real handling, very useful in the case of an individual buyer who does not have the means, the teams or the experience of a fund.’
‘Availability and responsiveness of teams. Response within the day, deadlines always met.’
‘Ariane Olive and Sonia Codazzi.’
Principaux clients
Theia / Flavien Reille
GHS/David Lescure
GPF / François d’Aligny
Data Dynamic Systems / Jérôme Bour
Cojean / Stéphane Jitiaux
Moonsol / Valérie Bizot
RNI Conseil / Violaine Chaumont
Data Legal Drive/ Sylvain Staub
Seair / Richard Forest
Aveine / Nicolas Naigeon
Metron / Jérémie Rendolet
Buyco / Geoffroy Willaume
Groupe Performer / Bruno Léa
Sec / Fiorenzo Tagliabue
Tatetis / David Gaon
Altheo / Thierry Lamarque
Afigec / Cédric Voisin
Finergreen / Arthur Omont
Invest CF / Raphaël Rosselo
Nine 58 / Pierre Chabrelie
Principaux dossiers
- Advised DLCP on its equity and quasi-equity structuration for the purpose of financing the acquisition of GHS (4,2M€).
- Advised METRON on its Series B fundraising carried out, among other reasons, for the purpose of financing the acquisition of DAPESCO Belgium (20M€).
- Assisted MEAC, acting as lead investor, in its participation to Tallano Technologie’s Series B fundraising.
Stephenson Harwood
Responsables de la pratique:
Clotilde Billat; Guillaume Briant
Les références
‘Very available, smart, fast and precise.’
Principaux clients
Creadev
Andera Partners
Trocadero Partners
Access Capital Partners
Educas Tertiary Investments LLP (NMN Cap)
EasyVista and its shareholders Eurazeo and Cathay Capital
Groupe Netiwan
Caisse d’Epargne de Midi Pyrénées
AfricInvest
Joint Partner
Julien Castel (Vitalliance)
Ahmed Mhiri
Itexis
Principaux dossiers
- Advised the financial investors, Andera Partners and Trocadero Capital, on their acquisition of a stake in the capital of Groupe Pégase.
- Advised Creadev International as lead manager of a pool of investors, on the occasion of the fundraising of €30 million carried out by Ouihelp.
- Advised EasyVista in connection with several build-up transactions as for example the acquisitions of CoservIT and Itexis.
Valther
Responsables de la pratique:
Velin Valev; Bruno Fiacre
Les références
‘I have worked with this team for more than 20 years: proximity, family atmosphere, ability to negotiate by building trust and understanding of the opposing party.’
‘Within this team, I almost exclusively work with Velin Valev, founding partner.’
‘Reactivity, pragmatism, customer oriented.’
‘Listening skills, a wealth of experience in M&A which allows sound advice, responsiveness.’
‘Competent and reliable.’
Principaux clients
ALLIANCE ENTREPRENDRE
NAXICAP
ARKHEA CAPITAL
BNP DEVELOPPEMENT
ARTS & BIENS
SOCIETE GENERALE CAPITAL PARTENAIRES
CAISSE D’EPARGNE IDF
BPI Investissement
SIPAREX
SGP Hôtel Investissement Capital
Principaux dossiers
- Advising Alliance Entreprendre and Capitem Partenaires for the MBO OXY Signalétique.
- Advising the Honotel Group in the context of the entry into the capital of LBO France.
- Advised Arkhea Capital and BNP Developpement for the LBO of the company MEDIASCIENCE.
Veil Jourde
Responsables de la pratique:
Laurent Jobert; Géraud Saint Guilhem
Les références
‘Excellent M&A/private equity team led by Laurent Jobert. Team always available, pragmatic, technically excellent, good advice and with whom it is always extremely pleasant to work.’
‘Laurent Jobert and his team are excellent professionals, they have very good interpersonal skills, are extremely competent and work at very reasonable rates.’
Principaux clients
Trail
Crédit Agricole
Idia
Socadif
Perceva Capital
Bpifrance
Latour Capital
Chequers Capital
Principaux dossiers
- Advised Tediber on its primary LBO operation with the management, the funds Parquest and Eutopi
- Advised LFPI on the acquisition by LBO of IFOP, bought from Dentressangle.
- Advised Trail on its integration with the consortium of financial investors and management financing the LV Overseas LBO.
Villechenon
Responsables de la pratique:
Morgan Hunault-Berret; Isabelle Burel-Blasoni; Alexander Kotopoulis; Erwan Tostivint
Les références
‘Extremely competent and very responsive team, stable over time: our relationships are gaining in depth and efficiency.’
‘Morgan Hunault-Berret is the leader. She has great judgement and knows how to delegate accurately to her collaborators to lighten the bill and speed up the pace. However, she remains very vigilant and in control. Extremely reliable and responsive, she is also a good negotiator.’
Principaux clients
Assessfirst
Bonitasoft
Middeo
Pixagility
VOLT Associés
Responsables de la pratique:
Emmanuel Vergnaud; Lucas d’Orgeval; Stéphane Letranchant; Alexandre Tron; Alexis Rapp
Principaux clients
Teknimed
BSK Immobilier
Astrea Pharma/Chevrillon & Cie
Vespa Capital
FinalCad
Darewise
HR Path
IK Partners
Adopt Parfums
Andera Partners
Principaux dossiers
- Advising Andera Partners on the buy-out acquisition of Atalys.
- Advised BSK Immobilier and its shareholders on the acquisition of a minority stake in the company by Activa Capital.
- Advised Astrea Pharma on the acquisition of 100% of the capital of Recipharm Fontaine.