Gide has advised Icare, a subsidiary of BNP Paribas Cardif, on the implementation of its partnership with Volkswagen Financial Services via the creation of joint venture Staymo, 51% owned by Volkswagen Finance Overseas B.V. and 49% by Icare.
This structure, which will be launched initially on the French market and then throughout Europe, will offer multi-brand maintenance solutions to Volkswagen Financial Services customers as part of its long-term leasing of corporate fleet vehicles.
The Gide team advising Icare on this transaction comprised partner Jean-Gabriel Flandrois, working with counsel Ghizlen Sari-Ali and associate Antoine Moulin on M&A / corporate aspects; partner Dimitri Dimitrov and associate Laura Pernayan on aspects of economic law; counsel Charles-Eric Delamare-Deboutteville and associate Constantin Beytout on aspects of insurance law; partner Olivier Bernardi and associate Laura Lamberti on regulatory aspects; partner Foulques de Rostolan on aspects of employment law; partner Thierry Dor on IT aspects; and partner Stéphane Hautbourg on aspects of competition.
The BNP Paribas M&A Legal team comprised Louis-Philippe Vasconcelos and Cira Caroscio.
Volkswagen Financial Services was advised by Noerr and August Debouzy.