LBO

Our lawyers advise numerous clients on their LBO transactions. Their command of the sale and acquisition techniques allied with their thorough knowledge of the mechanisms of private equity financing, executive and employee profit-sharing and incentive plans, enable our lawyers to offer clients a comprehensive service. For these types of transactions, we call upon our specialised Corporate Finance team, common to both the Mergers & Acquisitions and the Banking & Finance practice groups, which handles corporate and finance questions. The skills of our other teams (public and administrative law, IP-TMT, etc.) can also be brought in, and often constitute key assets in the handling of these complex cases.

Experience includes:

• Salvepar: advising Tikehau Group on the acquisition by Tikehau Participations & Investissements of Salvepar, a subsidiary of Société Générale.
   
• Gras Savoye: advising in the context of the LBO conducted by Astorg Partners on Gras Savoye.
   
• Kaufman & Broad: advising PAI Partners on the acquisition, from KB Home (USA), of 50.1% of the capital of its French subsidiary Kaufman & Broad, followed by a takeover bid on the rest of the share capital (primary LBO in excess of EUR 1 billion).
   
• Sklepy Komfort: advising Enterprise Investors Group on the acquisition of Sklepy Komfort, leading network in the floor coverings sector in Poland.
   
• Moneo: advising BlackFin Capital Partners on the acquisition of BMS-Moneo (Moneo).

Venture Capital

Our M&A/Corporate practice group has developed a broad range of experience in venture capital advising both investors and issuers. Assistance offered covers all aspects of these transactions: drafting and negotiating investment agreements, shareholders' agreements, issuing convertible securities (ABSAs, BSAs, ORAs, OCs, etc.), as well as executive and employee profit-sharing and incentive plans. Thanks to our venture capital practice and expertise in securities law, we are one of the prominent actors in private investment in public equity (“PIPE”).

Experience includes:

• Talend: advising Silver Lake Partners, Balderton Capital, Idinvest Partners on several investments in the capital of Talend.
   
• BonitaSoft: advising Ventech, Auriga Partners on several investments in the capital of BonitaSoft.
   
• ET Solar: advising investors China Equity Link on their investment in the capital of ET Solar, manufacturer of photovoltaic products in China (USD 31 million).
   
• Emteyco: advising investors SGAM AI, via the Kantara fund, on their investment in the capital of Emteyco (Morocco).

Drawing on its expertise in the fields of investment and venture capital, and against a particularly buoyant backdrop for French Techs, Gide has launched its Gide Venture website, wholly dedicated to entrepreneurs and start-ups. Watch this video to find out more about it:

Gide Loyrette Nouel A.A.R.P.I. assiste des fonds d’investissement, ainsi que des entreprises. Le cabinet intervient dans des opérations de LBO auprès de firmes de private equity. Les recrutements de Jean-François Louit  et de Caroline Lan   (ex Mayer Brown ) en août 2019 ont permis aussi au cabinet de s’adjoindre une nouvelle compétence dans l’accompagnement du management dans les opérations de private equity. Olivier Diaz  dirige la pratique.

Legal 500 Paris 2022 - Private Equity : LBO

La pratique de Gide Loyrette Nouel A.A.R.P.I. est dirigée exclusivement par Stéphane Puel (qui est aussi l'associé gérant du cabinet), suite au départ à la retraite d'Ann Baker en 2020. Il est entouré d’une équipe jeune, comprenant notamment  Guillaume Goffin (qui a été associé en janvier 2019) . Le champ d’intervention est particulièrement large et c les fonds d'impact, les fonds de dettes, les fonds immobiliers, les fonds de private equity et les fonds de fonds. L’équipe traite un volant de dossiers de dimensions nationale et internationale, portant sur des fonds mid  et large cap.Legal 500 Paris 2022 - Private Equity - Capital risque et Capital developpement.

Legal 500 Paris 2022 - Private Equity - Formation de fonds

Leader du capital-risque et du capital développement, Gide Loyrette Nouel A.A.R.P.I. attire à lui un nombre élevé d’opérations, que lui confient investisseurs comme émetteurs. Le cabinet est principalement présent dans le secteur des technologies (comprenant la mobilité électronique et l’édition de logiciels), ainsi que dans les domaines de la vente et des assurances. Codirigée par Pierre Karpik et David-James Sebag , l’équipe dispose d’une forte expertise sur le segment du private investment in public equity , ainsi que dans la mise en place de plans d'intéressement des dirigeants et des salariés. Les clients ont également accès à plusieurs plateformes numériques pour les accompagner : Gide Venture (lancé en 2017) est destiné aux entrepreneurs, aux start-ups et aux entreprises en croissance, quand Gide 255 assiste les entreprises dans leur transformation numérique.

Legal 500 Paris 2022 - Private Equity - Capital risque et Capital developpement

Gide Loyrette Nouel A.A.R.P.I. attracts mandates from investment funds, family offices and target companies operating in the mid and large-cap segments of the French market. Under the leadership of Olivier Diaz, it is prominent in a number of the largest and most complex transactions. Recent highlights included the firm acting for Talend on its acquisition by Thoma Bravo. With a legal and tax offering dedicated to managers and executives, the group is particularly renowned for its strong track record in the structuring and implementation of management packages.

Legal 500 EMEA 2022 - LBO

Gide Loyrette Nouel A.A.R.P.I. remains a go-to firm for venture and growth capital transactions, acting for investors, start-ups and mature companies alike. The team offers a comprehensive range of services, including drafting and negotiating investment and shareholders’ agreements, issuing convertible securities, and employee profit-sharing plans. The team is led by trio Pierre Karpik, David-James Sebag and Louis Oudot de Dainville who bring extensive expertise in the technology and healthcare sectors to the table. Private investments in public equity is another area of strength.

Legal 500 EMEA 2022 - Venture / Growth Capital

Gide Loyrette Nouel A.A.R.P.I. excels in forming and structuring a broad cross-section of funds, such as private equity, real estate, infrastructure, debt and open-ended vehicles. In addition to acting for fund managers, the firm also attracts investor-side mandates. The practice in led by Stéphane Puel, who advises French and global financial institutions on regulatory matters. Guillaume Goffin and Benjamin Delaunay are other key contacts.

Legal 500 EMEA 2022

A widely regarded practice group with particular proficiency operating in OHADA law, Gide Loyrette Nouel offers comprehensive services covering francophone and North Africa generally. The team represents a number of African private equity funds, as well as international conglomerates and PE groups in their acquisitions, divestments and joint ventures on the continent. The firm is particularly active in transactions involving energy and oil and gas projects and assets, with additional experience in manufacturing and pharmaceuticals. Gide's expertise is spread across a number of offices globally, with the practice being primarily run from Paris, Algiers, Casablanca and Tunis. Additionally, clients can benefit from the firm's strategic alliance with market-leading South African law firm Bowmans.

Chambers Global 2022 - Africa-Wide

Gide Loyrette Nouel has a strong private equity team with a particular focus on venture capital, acting for both investors and emerging companies. The law firm is recognised for its expertise in the technology sector. It is also noted for its fund formation practice advising on the structuring of venture capital, real estate and renewable energy funds. The department regularly represents domestic and international clients in pan-European and cross-border mandates.

Chambers Europe 2022

Gide Loyrette Nouel A.A.R.P.I. successfully maintained its reputation as a venture and growth capital leader, attracting a consistently high flow of matters from investors and issuers. Technology matters account for the majority of transactions, with other key instructions originating in the e-mobility, software, retail and insurance markets. The team of practice heads Pierre Karpik and David-James Sebag also impresses with its experience in private investments in public equity and its ability to assist with employee and management packages and incentive plans. The launch of the online platform Gide Venture in 2017, aimed at providing entrepreneurs, start-ups and growth companies with a number of counselling tools, attested the firm's dedication to France's venture and growth capital scene while the 2018 launch of Gide 255, the firm's digital transformation hub, underlined its commitment to guide its clients through the challenges and opportunities brought on by the digital transformation.

Legal 500 EMEA 2021

At Gide Loyrette Nouel A.A.R.P.I., managing partner Stéphane Puel became the sole head of the practice following the retirement of Ann Baker in 2020. With Guillaume Goffin, who made partner in January 2019, and counsel Rima Maitrehenry as the other two key names, the French firm offers one of the youngest benches in the market. The group impresses with the breadth of its expertise, ranging from impact, investment debt and real estate funds, to private equity and funds of funds. With a strong domestic and cross-border caseload and experience in the mid-cap and large-cap market segments, the group consistently demonstrates its versatility.

Legal 500 EMEA 2021

Strong private equity team with a particular focus on venture capital, acting for both investors and emerging companies. Recognised for its expertise in the technology sector. Also noted for its fund formation practice advising on the structuring of venture capital, real estate and renewable energy funds. Regularly represents domestic and international clients in pan-European and cross-border mandates.

Chambers Europe 2021

Strong private equity team with particular focus on venture capital and fund-raising, acting for both investors and emerging companies. Recognised for its expertise in the technology sector. Also noted for its fund formation practice advising on the structuring of venture capital, real estate and infrastructure funds with further experience of fund of funds. Sources laud the group's availability as well as the lawyers' 'faultless commitment to their clients.' The team is also highlighted for its specialist knowledge, with clients observing: 'Gide is one of the very few firms in France that truly understands venture capital deal terms, and is commercial in its approach.'

Chambers Europe 2019

Gide has particular strength in the technology sector. The group acts for start-ups, new economy players and investors alike, with a particularly notable track record advising on private investment in public equity (PIPE). Pierre Karpik and David-James Sebag head the practice. Recent highlights include advising Idinvest as investors of Secret Escapes, a members-only travel club, on its $111m investment, to assisting Partech Ventures with its €60m investment in ManoMano, an e-retailer specialising in DIY, home improvement and gardening products. A key highlight related to the financial services sector was acting for online crowd-lending platform Younited on the full range of issues pertaining to its development, including financial services regulatory questions. Electranova Capital, Eurazeo and Meero are among its other clients.

Legal 500 EMEA 2019