Europe

France

Private Equity


Due to the number of tables in this section, the editorial is in alphabetical order by firm name.

Private Equity - France

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Basic facts about the department
- 4 partners
- 12 other qualified lawyers

What the team is known for Acts on high-end private equity transactions on behalf of both domestic and international funds and investors. Key areas of focus include public-to-private transactions, leveraged acquisitions, LBO restructuring, management packages and tax structuring. 

Strengths (Quotes mainly from clients) 
"We've worked with this firm for the past ten years now; this tells you just how satisfied we've been."

"On this type of matter in the French market, it's top of the league in my opinion."

Work highlights Advised Charterhouse on the sale of its majority stake in Fives Group to AXA Private Equity.

Notable practitioners

Nicolas Barberis specialises in leveraged transactions, where his recent activities include advising Bridgepoint on the acquisition of Compagnie du Ponant from CMA CGM. One source describes him as "excellent - very active and deal-minded."

Paris managing partner Guy Benda heads the corporate practice. His areas of expertise include mergers, acquisitions, LBO transactions and other private equity investments. In the words of one client: "It's very easy to work with him. He's a relatively young partner but he has a lot of experience in the field." 

Bertrand Delaunay's practice includes advice on M&A, stock exchange transactions and also leveraged private equity transactions.

Yann Gozal advises on mergers and acquisitions and also stock exchange and private equity transactions. In this area, he offers particular experience on public-to-private transactions.

Significant clients Cinven, Sagard, CHG Participations, Silver Point Capital, Stirling Square.

Basic facts about the department
- 6 partners
- 15 other qualified lawyers

What the team is known for Advises clients on mid-market private equity transactions across a number of industries and sectors. Expertise covers leveraged and owner buyouts, growth capital and restructurings. Clients include investment funds, senior lenders, mezzanine funds and corporate strategic buyers. 

Strengths (Quotes mainly from clients) 
"This is a strong area for this firm and I like to work alongside its lawyers. They are pragmatic, not dogmatic; very good and experienced professionals."

"For the financing side in particular, this firm is very good in private equity."

Notable practitioners

Olivier Tordjman maintains an excellent reputation in this market. His expertise covers M&A, financing, restructuring and private equity transactions. He acts mainly for investment funds and major corporations on mid-market LBO transactions.

Firm co-founder Bernard Ayache has long-standing experience in the field of private equity. His transactional knowledge includes LBOs, growth capital and restructurings. One client describes him as "an excellent lawyer with perfect knowledge of all legal aspects, who is also a very good negotiator." 

David Ayache is a member of both the Paris and New York Bars. His areas of expertise in private equity include growth capital, venture capital and leveraged buyouts, advising funds and investment service providers.

Basic facts about the department
- 5 partners
- 11 other qualified lawyers

What the team is known for Strong all-round corporate department with significant transactional experience in private equity. Lawyers advise both domestic and international funds and investment companies on buyouts and public-to-private transactions. Also advises clients on private equity acquisitions.

Strengths (Quotes mainly from clients) 
"If we need advice on a complex matter, or more partner time and experience, we use this firm."

"Clearly a good firm with very strong practitioners; one of the most impressive in France."

"Very good, smart and well-connected lawyers with a wide array of expertise."

Work highlights Advised KKR on its acquisition of a majority stake in the share capital of SMCP.

Notable practitioners

Olivier Assant is a transactional lawyer with significant expertise in M&A, restructuring and insolvency and private equity. Recent highlights include assisting PT Investissements with the acquisition of the entire share capital of APM.

Benjamin Kanovitch is a corporate lawyer whose experience covers private equity transactions involving both public and private companies. Recent activity in private equity includes advising Bain Capital on the French aspects of its acquisition of IMCD Group.

Sébastien Prat's expertise includes capital markets, M&A and also private equity, where he recently advised Fondations Capital on its investment in PR company Mazarine. He receives praise from clients: "He's a very good technician and an excellent writer - a superb lawyer."  

Significant clients Bain Capital, Eurazeo, Fondations Capital, Sagard, Sun Capital.

Basic facts about the department
- 2 partners
- 9 other qualified lawyers

What the team is known for Recognised strength in the areas of venture and growth capital, fund formation and LBO transactions. Assists clients with the structuring and creation of funds and also provides assistance on financing rounds and other aspects of the investment cycle.

Work highlights Advised new client Capitem Partenaires on creating the fund Capitem 1.

Notable practitioners

Name partners Lola Chammas and Denis Marcheteau are the key points of contact at the firm.

Basic facts about the department
- 6 partners
- 2 other qualified lawyers

What the team is known for Advises both French and international clients on high-end leveraged private equity transactions. Expertise covers the disposal and acquisition of privately owned companies, portfolio divestments and the creation of funds.

Strengths (Quotes mainly from clients)
"Extremely consistent; excellent advice, very responsive lawyers and generally a very high level regarding the quality of work." 

Work highlights Advised Electricité de France on the creation of a EUR60 million cleantech venture capital fund, Electranova Capital.

Notable practitioners

Corporate partner Jean-Marie Ambrosi has significant experience on complex leveraged transactions. One client describes him as "a very experienced and senior lawyer who's very direct and tells you what he thinks; he's loyal and has a good sense of the relationship with the client." 

Significant clients Delphi, TPG, Conversus Capital, Natixis.

Basic facts about the department
- 8 partners
- 25 other qualified lawyers

What the team is known for Multidisciplinary team advising clients on the structuring of funds, negotiation of agreements and packages, and other private equity transactions. Clients include private equity houses, institutional investors, asset management companies and investment funds.

Work highlights Advised 21 Centrale Partners on the acquisition of the entire share capital of holiday company Village Centers.

Notable practitioners

Head of department Philippe Rosenpick frequently advises private equity houses and privately-owned entities on acquisition and disposal transactions. Recent highlights include advising Formatech on the disposal of its subsidiaries to Galileo France Holding.

Significant clients Macquarie, Chequers, LFPI, Activa, Navimo.

Basic facts about the department
- 3 partners
- 8 other qualified lawyers

What the team is known for A leading team that assists management teams with the legal and tax aspects of LBO and LMBO transactions. Lawyers advise key executives on the negotiation of management packages and the structuring of both domestic and cross-border transactions.

Strengths (Quotes mainly from clients)
"The firm has an excellent reputation in France and our collaboration is very comfortable; each time we consult the team on important decisions, we get clear recommendations." 

Work highlights Advised the management of the Prezioso Group on its EUR260 million sale to Cinven by Indigo Capital.

Notable practitioners

Henri Pieyre de Mandiargues heads the private equity practice. One client describes him as “extremely knowledgeable in private equity and very business and client-oriented." Another market source comments: "I would rank him among the very best I've met in private equity across Europe."

Carole Degonse advises management teams and private equity funds in the context of leveraged transactions. Her experience in this area also includes assisting clients with venture capital. In the words of one interviewee: "She's very efficient, responsive and pleasant to work with. 

Significant clients Canberra, Buffet Crampon, Gefco, Tarkett, Altares.

Basic facts about the department
- 9 partners
- 15 other qualified lawyers

What the team is known for Cross-practice department includes lawyers specialising in the corporate, tax and banking aspects of private equity transactions. Assists investors and private equity funds with both the buy and sell side of investment transactions. Dedicated team for the financing of leverage buyouts, focusing on advising banks on financings in the mid-cap market.

Strengths (Quotes mainly from clients) 
"In addition to the quality of advice, the key factor was the availability of the partners on work; the ratio of partners to associates is very good."

"A very good firm with a broad range of expertise."

Work highlights Advised Euromezzanine and BNP Paribas on their investment in the Paprec Group.

Notable practitioners

Practice co-head Jean-François Pourdieu advises clients on capital raising and transfers as well as leveraged and management buyouts. In the words of one interviewee: "He's a very experienced lawyer with a good overview of the market; I've built a trustworthy relationship with him."  

Significant clients 21 Centrale Partners, Indigo Capital, Nixen Partners, CM-CIC LBO Partners, Five Arrows Managers.

Basic facts about the department
- 7 partners
- 15 other qualified lawyers

What the team is known for Advises clients on a range of transactional and investment-related matters. Areas of focus include buyouts, leveraged transactions, refinancings, restructurings and secondary transactions. Fund formation is also an active area for the practice, acting for sponsors, private equity funds and institutional investors. 

Strengths (Quotes mainly from clients) 
"Its lawyers have good technical and regulatory knowledge, solid experience in fund structuring, and are pragmatic and solution-oriented." 

What's new? Matthieu Grollemund joined the practice from Orrick Rambaud Martel in June 2013.

Work highlights Advised the French management of the Cunningham Lindsey Group on its secondary buyout by CVC Capital Partners.

Notable practitioners

Matthieu Grollemund's expertise covers M&A, restructuring and private equity. His focus is on advising private equity houses and hedge funds on leveraged transactions. One client describes him as "very good when looking at international deals and he's also very commercial and user-friendly."

Significant clients Omnes Capital, EPF Partners, Alven Capital.

Basic facts about the department
- 6 partners
- 13 other qualified lawyers

What the team is known for Recognised practitioners in the mid-cap stakes. Team advises private equity houses, purchasers, target companies and management on all aspects of transactions. Expertise includes the financing and structuring of leveraged transactions, build-up transactions and reorganisations.

Strengths (Quotes mainly from clients) 
"If working on a sizeable and complicated deal worldwide, I know that I will get a large team with excellent partners who have the competencies required."

Work highlights Advised Groupama Private Equity on its sale to ACG Group.

Notable practitioners

Jean-Luc Bédos co-heads the firm's global private equity group. He is an experienced practitioner whose expertise includes leveraged transactions and the negotiation of management packages. Clients appreciate his "strong experience and good compromise between local approaches and international standards." 

Pierre Jouglard is commended for his significant private equity experience. His focus is on the small and mid-cap markets, with areas of expertise including the negotiation of transaction financing and structuring of management packages.

Significant clients Chequers Capital, LFPI, Nixen Partners.

Basic facts about the department
- 5 partners
- 16 other qualified lawyers

What the team is known for Advises domestic and international clients on all aspects of the private equity lifecycle. Lawyers' expertise includes transactional work such as buyouts, and also equity investments, financing, fund structuring and portfolio management. Varied clientele covers private equity houses, investment funds and institutional investors.

Strengths (Quotes mainly from clients)
"A great team that's very dedicated and strong in negotiations."

"A firm whose capabilities in this area have increased." 

What's new? New additions to the client portfolio include ACE Management, Cathay Capital and EPF Partners.

Work highlights Advised L Capital Management on the acquisition of a majority stake in SMCP by KKR.

Notable practitioners

Co-managing partner for France Michel Frieh is a highly seasoned practitioner in the field of private equity. He advises French and international clients in connection with leveraged transactions. One market source comments: "He's been on the private equity market for many years - I think he's one of the best around."  

Significant clients ING Parcom, Carlyle Group, Bridgepoint, Montefiore Investment, Euromezzanine.

Basic facts about the department
- 4 partners
- 16 other qualified lawyers

What the team is known for Growing market recognition for this firm, which demonstrates a focus on mid-cap matters. Assists clients with advice on aspects such as the tax, structuring and financing of transactions. Particular experience in acting for US investors with activities in France, and domestic clients with interests in the USA. Public-to-private transactions are an area of specific expertise.

Strengths (Quotes mainly from clients)
"The service delivery is as good as it gets and its responsiveness, technical prowess and excellent organisational skills have made the difference on deals."

Work highlights Advised US private equity fund Thoma Bravo on the acquisition of a majority interest in the listed company InfoVista.

Notable practitioners

Practice co-head Mark Richardson is a dual-qualified US and French lawyer with significant experience of private equity transactions. In the words of one client: "He's a very good lawyer overall but his best quality is the ability to translate what we need in a French deal or to show us what we need to do; we don't get that same level of customisation elsewhere."  

Significant clients Bain Capital, Apollo Capital Management, Carlyle Group, Francisco Partners, Perseus Capital Partners.

Basic facts about the department
- 5 partners
- 20 other qualified lawyers

What the team is known for Acts on both domestic and cross-border private equity transactions including leveraged buyouts and public-to-private transactions. Experience on complex high-end transactions, with significant expertise on private equity-related activities such as bond offerings and derivatives.

Work highlights Advised the management of the Deutsch Group on its sale to TE Connectivity, worth USD2.1 billion.

Notable practitioners  

Key contacts at this practice include Patrick Tardivy and Jean-Claude Cotoni.

Significant clients EQT, Calcium Capital, Qualium Investissement.

Basic facts about the department
- 11 partners
- 18 other qualified lawyers

What the team is known for Renowned practice primarily assists with venture capital, fund formation and capital investment matters. Lawyers advise clients such as institutional investors, investment funds and growth companies on transactions both in France and abroad. Recent lateral hires have significantly added to its capabilities in this practice area.

Strengths (Quotes mainly from clients)
"In terms of expertise, there's nothing to add - its lawyers are brilliant in this area." 

"It's a first-class firm; very reputable and knowledgeable with an excellent clientele."

What's new? Olivier Edwards, Ann Baker and Karen Noël joined the firm as partners in October 2013.

Work highlights Advised SCOR Global Investments on the structuring and creation of its first infrastructure debt fund.

Notable practitioners

Olivier Edwards is a highly respected practitioner in the area of venture capital, where he has particular experience in the biotech and hi-tech sectors. He advises both funds and companies on matters in both France and abroad. One market source states: "He's a great lawyer, there's no discussion about that."

Pierre Karpik advises investors, funds and growth companies in connection with venture capital and capital investment matters. One client describes him as "the best partner I've ever worked with. He's very creative and solution-oriented, and can always facilitate transactions." 

Ann Baker is known for her expertise in the creation and structuring of funds. She advises clients on both the sponsor and investor side in connection with a wide range of fund types, including real estate and infrastructure funds.

Karen Noël's practice predominantly focuses on M&A and venture capital. She has notable expertise in the technology and life sciences industries, and her clients in these areas include venture capital funds and portfolio companies.

Significant clients OTC Extend, OpenGate Capital.

Basic facts about the department
- 3 partners
- 10 other qualified lawyers

What the team is known for Standout practice with notable expertise in fund formation and venture capital. Lawyers assist both domestic and international clients with the structure and creation of funds, subsequent fund-raising rounds, and secondary transactions and litigation. Practice also handles private equity matters such as LBOs, MBOs and public-to-private transactions.

Strengths (Quotes mainly from clients)
"Excellent - the lawyers have been able to remain very pragmatic, even whilst entering into a scenario that isn't perfect."

What's new? New additions to the client portfolio include Turenne Capital, Nanobiotix and Maporama.

Work highlights Assisted Criteo with its EUR30 million Series D round of financing, led by SoftBank Capital.

Notable practitioners

Leading practitioner Renaud Bonnet is a corporate partner whose practice focuses on the life sciences and technology industries. He assists clients in these sectors with start-up and venture capital issues, such as financing rounds, LBOs and joint ventures. One client describes him as "technically strong and very reliable."

The highly esteemed Daniel Schmidt advises clients on both transactional and tax issues in fund formation, venture capital and leveraged transactions. One market source describes him as "an established player" in this area.

Charles Gavoty has significant expertise concerning transactional work across M&A, capital markets and private equity. He has a specific focus on the hi-tech and biotech industries, frequently assisting clients with venture capital financing rounds.

Florence Moulin is known for her expertise in the legal and tax structuring of funds and other investment vehicles. In the words of one interviewee: "She's inventive, very responsive and well known as a specialist in this area of law." 

Significant clients Sofinnova Partners, Seventure Partners, Five Arrows Managers, Omnes Capital, Supersonic Imagine.

What the team is known for Well-reputed practice for all types of private equity work. Highly active team on LBO transactions in both the high-end and mid-markets, while its lawyers also advise clients on venture capital and public-to-private transactions. Practice has a dedicated team for fund formation work which offers expertise on the creation of a large variety of fund types.

Strengths (Quotes mainly from clients)
"We're extremely satisfied with the work - this is a safe pair of hands for delivering results, being proactive and coming up with ideas."

"Very strong. What I appreciate the most is that its lawyers are flexible and responsive."

Work highlights Advised Lion Capital on its EUR780 million acquisition of the Afflelou Group.

Notable practitioners

Practice co-head Maxence Bloch has extensive experience in the field of leveraged buyouts and other private equity transactions. Sources praise his "expertise and insight" while one client describes him as "a real deal maker in an environment where lawyers often don't help you to do deals - he finds solutions to complete the deals."

Christophe Digoy co-heads the private equity practice and is also the managing partner of the firm’s Paris office. He receives high praise from clients: "He's extraordinarily smart and extremely knowledgeable. He sees the consequences in advance, works very hard and always delivers."

Nathalie Duguay co-heads the investment fund team. She comes highly recommended and her practice covers the creation of mezzanine, debt, distressed, buyout, venture and real estate funds. 

Investment funds co-head Arnaud David assists clients with the structuring and creation of funds both in France and other jurisdictions. He also has experience of advising institutional investors on private equity transactions. Interviewees describe him as "working very well in this area." 

Thomas Maitrejean's practice focuses on private equity transactions, notably leveraged buyouts in the mid-market. He advises on both domestic and cross-border transactions. Recent highlights include advising Equistone Partners Europe on its acquisition of Meilleurtaux from BPCE.

Pierre-Louis Périn is an experienced private equity practitioner whose expertise includes venture capital, acquisitions and joint ventures.

Significant clients Astorg Partners, Eurazeo, Azulis Capital, 21 Centrale Partners, Argos Soditic.

Basic facts about the department
- 11 partners
- 32 other qualified lawyers

What the team is known for Global powerhouse particularly active on the high-end market, often acting on complex cross-border mandates. Practice's transactional expertise covers areas such as public-to-private transactions, leveraged buyouts and venture capital. Financing is a notable strong point for the practice where its lawyers assist a range of clients including funds, sponsors, investors, banks, managers and sellers.

Strengths (Quotes mainly from clients)
"Terrific counsel on a complicated deal to execute. The work ethic of the partner and associate on the deal was outstanding."

"Completely satisfied in terms of value for money. You get what you pay for - excellent counsel."

Work highlights Advised BC Partners and the Carlyle Group on their EUR2.8 billion acquisition of Hamilton Sunstrand Industrial.

Notable practitioners

Thomas Forschbach is described by one source as "a very big name in this area." He is noted for his expertise and high level of activity on difficult high-end leveraged transactions. He is greatly appreciated by clients: "He's very well known, particularly on the French market; he's got an extraordinary amount of experience on complex transactions."

Gaëtan Gianasso advises private equity houses in connection with leveraged transactions, acquisitions, disposals and financing issues. He receives praise from clients: "A very pragmatic lawyer who is also very commercial - he understands our point of view."  

Nathalie Alibert's practice focuses on M&A and private equity, notably leveraged buyout transactions. Recent highlights include advising Carlyle-owned Zodiac Marine & Pool group on the sale of both MilPro and Evac to Oaktree Capital.

Olivier du Mottay is managing partner of the firm's Paris office. His practice in this area focuses on assisting companies and investors with transactional issues and financing matters.

Denis Criton's practice covers both M&A and private equity matters. He has particular expertise on leveraged transactions, advising both French and foreign clients on their investments.

Significant clients Bain Capital, Cinven, Bridgepoint.

Basic facts about the department
- 9 partners
- 40 other qualified lawyers

What the team is known for Global powerhouse active on both the domestic and European markets, this cross-practice team advises major private equity houses on complex transactions. Areas of focus include high-end LBOs, public-to-private transactions, primary and secondary buyouts, restructurings and refinancings.

Strengths (Quotes mainly from clients)
"The lawyers are competent and precise in their answers, both commercial and legal in their approach, and also very responsive when needed."

"Above all, its lawyers are all very smart people and they have a great deal of experience."

What's new? Additions to the client roster include Cinven, BC Partners and FSI.

Work highlights Advised AXA Private Equity in connection with the leveraged management buyout by senior managers and investors.

Notable practitioners

Vincent Ponsonnaille receives high praise from clients: "I rate him very highly. He's a smart guy who doesn't just follow what the client says but makes recommendations - he's capable of saying no when he thinks somebody is making a mistake."

Fabrice de La Morandière is an experienced practitioner in the fields of private equity and M&A. He regularly advises funds and financial entities. His areas of notable expertise include LBO transactions involving public and private companies.

David Swinburne is described by one satisfied interviewee as "both commercial and legal, and very good at managing the level of analysis that needs to be done."  

Significant clients Macquarie, CVC, Wendel, Montagu Private Equity, PAI Partners.

Basic facts about the department
- 9 partners
- 37 other qualified lawyers

What the team is known for Strong offering for private equity transactions on both the mid-cap and high-end LBO markets. Lawyers advise both funds and sponsors on domestic and cross-border transactions across a number of key industries. Firm also has a dedicated funds team which offers clients expertise on the tax and regulatory aspects of fund creation and structuring. 

Strengths (Quotes mainly from clients)
"We've been extremely happy on the transactions it's helped us with this year; the contact has been very proactive and commercial and the lawyers understand what is beyond the legal clauses."

"Really excellent. Its capabilities in fund formation are very strong."

"The lawyers were precise, responsive, creative and very client-friendly in their billing practices."

Work highlights Advised LBO France on its EUR145 million acquisition of TLD from AXA Private Equity and Equistone Partners Europe.

Notable practitioners

Xavier Jaspar's practice focuses on corporate transactions including private equity, where he advises buyers, sellers and investors. Areas of notable expertise include restructurings and leveraged management buyouts. Highly impressed clients appreciate his "strong experience" and his ability to "focus on what's really important."

Guillaume Kuperfils' practice covers both M&A and private equity. He advises clients on domestic and cross-border matters and has particular expertise concerning LBOs, financings and joint ventures. One very satisfied client comments: "He's really involved in the transactions - a very good professional."

Funds specialist Sabina Comis is praised by clients: "She takes a step back and thinks about your problem in terms of the best way of solving it." Another interviewee describes her as: "Extremely good to work with. She's very precise, thorough and responsive." 

Significant clients 21 Centrale Partners, Eurazeo, Chequers Capital, Pragma Capital, Carlyle Group.

Basic facts about the department
- 9 partners
- 10 other qualified lawyers

What the team is known for Stellar practice advises both domestic and international funds and investors on transactions in the mid-market. Lawyers also advise clients in connection with growth capital and management aspects of transactions. Team is supported by lawyers from other practice areas, offering assistance on the tax, financing and restructuring of private equity deals.

Strengths (Quotes mainly from clients) 
"We've been extremely satisfied by the strong knowledge and skills on the US aspects; a great advantage over the traditional French lawyers." 

"Its lawyers are responsive, good on the technical elements and have solid business sense in their approach to transactions and negotiations."

Work highlights Advised Astorg Partners on the acquisition of Canberra, a subsidiary of Areva.

Notable practitioners

Olivier Deren chairs the firm's Paris office and is considered a leader in the mid-market field. His practice focuses on advising funds and managers on issues linked to leveraged transactions and matters concerning capital development. He is appreciated by clients for his "business sense, experience in negotiations, direct involvement on files and perfect mastery of the technical aspects."

Alexis Terray advises both French and foreign investment funds in connection with leveraged buyout transactions. Recent highlights include advising Edmond de Rothschild Capital Partners on the LBO of EuroTechnoCom.

Pascal de Moidrey advises both French and international corporates and private equity funds. His areas of expertise include reorganisations, buyouts and joint ventures. One client comments: "He has very good experience in this business and is constructive in negotiations."  

Significant clients Activa Capital, TCR Capital, R Capital Management, Eurazeo, Naxicap Partners.

Basic facts about the department
- 1 partner
- 2 other qualified lawyers

What the team is known for Notable expertise in the areas of fund formation and venture capital. Advises both domestic and international entities, private investors and portfolio managers on all stages of fund-raising and fund evolution. Lawyers also offer experience on the transactional side of private equity.

Strengths (Quotes mainly from clients)
"A very dedicated team."

Work highlights Advising I-Source Gestion on the structuring and creation of a new FCPR fund, and the subsequent fund-raising of EUR30 million.

Notable practitioners

Caroline Chabrerie heads the firm's private equity practice. Her experience in this field covers both transactional work as well as fund formation. She is instructed by both domestic and international clients on matters including LBO transactions, venture capital and capital investment.

Senior associate Christophe Baert is best known for his work on fund formation within private equity. One client describes his "excellent leadership skills."  

Significant clients CDC, Sofinnova Partners, 123 Venture, Alven Capital Partners.

Basic facts about the department
- 3 partners
- 10 other qualified lawyers

What the team is known for Recognised leader for advising management teams in the context of private transactions. Lawyers assist clients with the structuring, negotiation and also restructuring of management packages. Team offers expertise on both primary and secondary LBOs, leveraged management buyouts and also all tax issues connected to such transactions.

Strengths (Quotes mainly from clients)
"Its strengths are its perfect knowledge of most of the private equity players in Western Europe as well as the ability to focus on the essentials of a deal."

"Always spot-on in terms of understanding the stakes. The lawyers really know the environment and the private equity industry - it's really a pleasure to have them working with me."

Work highlights Advised the management of Fives Group on its sale by Charterhouse to AXA Private Equity.

Notable practitioners 

The renowned Lionel Scotto Le Massese is the firm founder and practice head for private equity. His focus lies in advising management teams and negotiating management packages in the context of domestic and cross-border buyouts. One source comments: "He really knows the industry and has a lot of connections in both France and the UK for private equity." 

Nicolas Menard-Durand advises management teams on LBO transactions. One interviewee describes him as "very bright and astute in terms of understanding the financial elements of the transaction." Recent highlights include advising the management of Alain Afflelou on its sale to Lion Capital by Bridgepoint.

Isabelle Cheradame is praised by clients for her "ability to negotiate a win-win agreement even on very disputed topics and her capacity to anticipate potential problems as the process unfolds." Recent mandates include advising the management of IPH on its sale to PAI Partners by Investcorp.

Significant clients Compagnie du Ponant, TDF, St Hubert, ICTS, Armacell.

Basic facts about the department
- 12 partners
- 20 other qualified lawyers

What the team is known for Outstanding practice that assists clients with private equity transactions of all varieties. Specific transactional expertise includes LBOs, public-to-private transactions, private investment in public companies and also management buyouts. Lawyers also assist with restructuring aspects linked to private equity deals.

Strengths (Quotes mainly from clients) 
"For me, this is the best private equity firm in France. Its lawyers are strong, they know both private equity and the way we work, and the firm has a global reach."

"Very good on transactions; not just for adapting to its customers' needs but also to the business aspects of deals."

Work highlights Advised AXA Private Equity on its acquisition of Fives Group from Charterhouse.

Notable practitioners

Sources praise the well-respected David Aknin for his expertise on private equity transactions. One client describes him as: "A very smart lawyer. Not just in terms of understanding the technical aspects, but also the business consequences of certain actions."

Frédéric Cazals is noted for his expertise on LBO transactions and also public-to-private deals. In the words of one client: "He's patient and he knows how to listen. He doesn't jeopardise negotiations due to his ego, like some I've seen."

Emmanuelle Henry advises clients on leveraged acquisitions, disposals and transaction financings in this practice area. Her recent activity includes advising Oaktree on the acquisition of Zodial Milpro and Evac from the Carlyle Group. 

Jean Beauchataud has significant experience on private equity deals. One market source comments: "For me, he'll be part of the new generation of top-tier lawyers in France. He's already seen so much that he's become like a business partner to me."  

Significant clients Apax Partners, PAI Partners, Oaktree, Sagard, Pragma Capital.

Basic facts about the department
- 7 partners
- 18 other qualified lawyers

What the team is known for Advises private equity houses, foreign and domestic investment funds, private companies and banks on mid and large-cap transactions. Lawyers are active on both domestic and cross-border mandates, with expertise including acquisition finance, fund formation and leveraged buyouts.

Strengths (Quotes mainly from clients)
"I'm very satisfied. In the end, the transaction went flawlessly and closed on time, even though the timeframe was extremely tight."

"We work on matters that are time consuming or are pushed for time. This firm has the logistics and the ability to deliver on time and at a reasonable fee level."

Work highlights Advised the Belgian investment company Cobepa on its acquisition of Group Socotec from Qualium Investissement.

Notable practitioners

François Leloup heads the firm's corporate/M&A practice for the WEMEA region. In this practice area, he has significant experience concerning complex LBO transactions. One client comments: "The best thing is his commercial and business administration background. This makes a difference in terms of understanding the business issues of clients like us."

Head of private equity in France, Vincent Morin advises major private equity funds on their activities in the French market. Areas of expertise include leveraged buyouts and build-up transactions. One interviewee describes him as "an excellent guy in this area." 

Significant clients Apax Partners, BC Partners, Eurazeo, Chequers, Starwood Capital.  

Basic facts about the department
- 8 partners
- 20 other qualified lawyers

What the team is known for A market-leading team that advises clients on all aspects of complex domestic and cross-border LBO transactions, notably in the high-cap market. Areas of expertise include transaction structuring, acquisition financing and also transaction-related antitrust and regulatory issues. Clients include major private equity houses and investors.

Strengths (Quotes mainly from clients)
"Its lawyers are more like business partners to me. They have exactly what I'm looking for; a good balance between business sense and legal advice."

"Extremely strong in negotiations which is useful for me, as it takes a lot of pressure off my shoulders."

What's new? Dolmen Capital Partners is a new client of this practice.

Work highlights Advised Elior on the acquisition of TrustHouse Services from Gryphon Investors.

Notable practitioners

Daniel Payan is a highly respected practitioner in the fields of M&A and private equity. He regularly advises on complex domestic and cross-border transactions and joint ventures. He is greatly appreciated by his clients: "I've never seen better than him in terms of the legal side of private equity."

Christophe Garaud's practice focuses on both public mergers and acquisitions and private equity transactions. He is regularly instructed by private equity funds and recently advised PAI Partners on the acquisition of ADB.

Fabrice Cohen's impressive practice includes M&A, securities law and private equity. His clients in this area range from financial institutions to industrial groups, advising them on transactions across a number of key industries and sectors.

Eduardo Fernández advises on both domestic and cross-border acquisitions and disposals within the private equity field, representing funds and corporate clients.

Cédric Hajage's practice includes leveraged transactions, buyouts, build-ups and disposals, frequently assisting private equity firms. He advised PAI Partners and Perstorp on the joint venture between Perstorp and PTT Global Chemical.

Significant clients Oaktree Capital Management, Apax Partners, Qualium Investissements, Bain Capital.

Other Ranked Lawyers 其他上榜律师

Xavier Comaills of Clifford Chance Europe LLP is renowned for his experience in the field of fund formation. He has notable expertise concerning the creation of LBO, real estate, infrastructure, venture capital and mezzanine funds. In the words of one client: "He's very involved personally and spends a lot of time on the transaction. He's smart and highly specialised in this field." 

Gilles Lebreton of Clifford Chance Europe LLP advises on a range of private equity transactional matters, including LBOs and public-to-private transactions. Recent highlights include advising Permira on its USD1.5 billion acquisition of Genesys from Alcatel Lucent.

Alexis Dargent of Dargent Avocats is best known for his significant experience of advising management teams in the context of leveraged buyouts. His practice in this area also covers primary and secondary LBO transactions, restructurings and refinancings.

Olivier Renault of Lamartine Conseil is recognised for his practice in this area, advising clients in connection with mid-cap LBO transactions and also on matters related to venture capital.

Firm founding partner Samira Friggeri of Orsay Avocats Associés is recognised for her expertise concerning leveraged transactions, venture capital and growth capital. She is praised by clients: "When she handles the deal for us, we get very good advice and service."

Nicolas Bombrun of Shearman & Sterling LLP is a corporate lawyer with significant experience in the field of private equity. His practice focuses on leveraged transactions, assisting buyers, investors, sellers and target companies. He regularly advises both domestic and international investment funds and is a member of both the New York and Paris Bars.

Foreign Experts

Foreign Experts are individuals with expertise in a different jurisdiction to the one they are based in. These individuals are particularly highly regarded for international and cross-border work. Usually, they will be identified in the jurisdiction in which they are based and in their country of expertise.

Senior Statesman

A 'Senior Statesman' is a lawyer who no longer works hands-on with the same intensity but who, by virtue of close links with major clients, remains pivotal to the firm’s success.

Eminent Practitioners

'Eminent Practitioners' are highly influential lawyers in a particular practice area who, due to managerial or client relationship commitments, are less active in day-to-day work but remain key players in the team.

Other Noted Practitioners

Other Noted Practitioners are individuals who have not yet been ranked but are seen to be active and accomplished in this area of law.

Other Noted Firms

Other Noted Firms are firms that have not yet been ranked but are seen to be active and accomplished in this area of law.