Firms To Watch: Private equity: LBO

Private equity: LBO in France

Ropes & Gray France AARPI

Ropes & Gray France AARPI private equity LBO practice was established in March 2025, with founding partners Fabrice Cohen, Emmanuel Mimin and Thierry Arachtingi  joining the firm from Clifford Chance.

Responsables de la pratique:

Fabrice Cohen; David Blittner


Les références

‘The Private Equity team at Ropes & Gray France, with Emmanuel Mimin as a key contact, stands out for its rare combination of cutting-edge technical expertise, international experience, and a pragmatic approach to deals. Their in-depth knowledge of LBO transactions, in both the mid-cap and large-cap segments, allows them to anticipate challenges and propose tailored solutions, even in complex or innovative transactional contexts. The team also distinguishes itself through its ability to work seamlessly with other offices within the Ropes & Gray network, a major advantage for cross-border transactions.’

‘Compared to other teams in the market, Ropes & Gray France occupies a leading position, particularly for transactions with a strong international dimension or requiring specific sector expertise. Their responsiveness, the partners’ involvement, especially Emmanuel Mimin, and the consistently high quality of their support place them among the benchmark firms in the LBO segment.’

‘Fabrice Cohen stands out. He has a good understanding of business issues and helps his clients find the best legal solutions. He is also very diplomatic and seeks solutions that allow discussions to move forward.’

‘Strong skills in structuring, fundraising, and private equity.’

‘Emmanuel Mimin goes the extra mile to provide creative solutions and excellent client service.’

‘A hybrid and versatile team that is very agile in both business law, corporate and infrastructure.’

Principaux clients

Abu Dhabi Investment Authority


Advent


Bridgepoint


Carlyle


Cinven


Mubadala


EQT


Eurazeo


Tikehau


PAI Partners


Partners Group


Permira


Silver Lake


65 Equity Partners


Igneo Infrastructure Partners


InfraVia Capital Partners


Macquarie Asset Management


Marguerite


Vauban Infrastructure Partners


Principaux dossiers


Kirkland & Ellis LLP

Kirkland & Ellis LLP is highly experienced in large-cap LBOs, minority and majority investments, carve-outs, exits and IPOs. The firm is regularly instructed by leading US and European private equity houses, financial sponsors and sovereign wealth funds. The practice is co-headed by Vincent Ponsonnaille and Laurent Victor-Michel, both of whom bring extensive transactional expertise, while Louis Gosset and Emmanuel Enrici are also noted for their work on complex transactions and corporate governance matters.

Responsables de la pratique:

Vincent Ponsonnaille; Laurent Victor-Michel


Autres avocats clés:

Louis Gosset; Emmanuel Enrici;


Les références

‘Excellent quality of work, great rigour, sound advice’

Principaux clients

AXA Investment Management


Advent International


Arctos Sports Partners


ArisGlobal


Antin Infrastructure Partners


Ares Management Corporation


Blackstone


Blue Wolf Capital Partners


BW Gestão de Investimentos


Clayton, Dubilier & Rice (CD&R)


Continental Grain Company


CPP Investments


Esker


Energize Capital


EQS Group


Five Arrows PE


Gallant Capital


GIC Private Limited


Groupe Bruxelles Lambert


Hg Capital


IK Partners


MACOM


Metaco


PAI Partners


Partners Group


Platinum Private Equity


Providence Equity Partners


Searchlight Capital


Septeo Group


Silver Lake


SK Capital Partners


Thoma Bravo


Thomas H. Lee Partners, Frazier Healthcare Partners, and Adare Pharma Solutions


Vista Equity Partners


Warburg Pincus


Wendel


Principaux dossiers


  • Advised Clayton, Dubilier & Rice on the carve-out acquisition of Sanofi’s consumer healthcare business “Opella”, with Sanofi retaining a 50% stake in the business.
  • Advised Advent International as it enters exclusive negotiations to acquire Kereis.
  • Advised CD&R and the consortium formed with Permira on the €2.4 billion take-private acquisition of French listed Exclusive Networks.

Latham & Watkins

Latham & Watkins advises French and international private equity houses on a wide range of mid- and large-cap transactions, drawing on expertise in debt capital markets and acquisition financing. The firm acts for investment funds, sovereign wealth funds, public investment vehicles and venture capital firms. The practice is led by M&A specialist Denis Criton, who brings experience representing private equity institutions on acquisitions, disposals and restructurings. Gaëtan Gianasso focuses on leveraged acquisitions and disposals, while Olivier du Mottay represents investors and companies at critical stages of their development. Thomas Forschbach is often called upon in cross-border matters.

Responsables de la pratique:

Denis Criton


Autres avocats clés:

Simon Lange; Gaëtan Gianasso; Alexander Crosthwaite; Olivier du Mottay; Thomas Forschbach; Alexander Benedetti; Simon Lange; Xavier Nassoy; Michael Colle


Les références

‘In my opinion, the best corporate LBO team in Paris. The partners have unparalleled knowledge of their subjects, and the staff is excellent and readily available.’

‘The team is well plugged into the market with many valuable relationships. It is able to have the right conversations at the right levels to facilitate transactions, often playing a quasi-financial adviser role.’

‘Olivier du Mottay is excellent and remarkably available considering his workload. Alexander Crosthwaite is also very good.’

Principaux dossiers


Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP's private equity team regularly advises on significant LBO transactions for private equity sponsors, as well as industrial, financial and family-owned groups. Practice head David Aknin brings extensive experience across restructurings, private equity and M&A transactions, including joint ventures. Emmanuelle Henry, Pierre-Alexandre Kahn and Jean Beauchataud act on a wide variety of corporate transactions, including domestic and cross-border M&A deals.

Responsables de la pratique:

David Aknin


Autres avocats clés:

Jean Beauchataud; Frédéric Cazals; Alexandre Duguay; Emmanuelle Henry; Guillaume Bonnard; Pierre-Alexandre Kahn; Jean-Baptiste Cornic


Les références

‘A very complete team of very high quality with exceptional commitment.’

‘Alexandre Duguay is exceptional and we have worked with him since the creation of HLD.’

‘Extremely technically skilled, extremely committed to the cases, and capable of finding pragmatic solutions.’

Principaux clients

3i


Advent International


Adagia Partners


Alpha PE


Antin Infrastructure


Altamir


Ardian


Aleph Capital


Astorg Partners


Bain Capital


Capza


Caravelle


Carlyle


Cathay Capital Private Equity


Cerba Helthcare


Ceva


Chequers Capital


Cinven


Clayton Dubilier & Rice


Compagnie Nationale à Portefeuille


CVC Capital Partners


Eurazeo


EQT


Equistone


Fives


Goldman Sachs


HLD Europe


InfraVia Capital Partners


Kartesia


LFPI


Montagu Private Equity


Montefiore


Naxicap


OMERS


Ontario Teacher’s Pension Plan


PAI Partners


Pacific Avenue Capital Partners


Parquest


Permira


PSG Equity


Qualium Investissement


Sagard


Seven2 (f.k.a. Apax Partners)


Sienna Private Equity


Téthys


Towerbrook


Voodoo


Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP is well regarded for its work on private equity transactions for sponsors, portfolio companies and management teams and brings particular strength in large-cap LBOs, joint ventures, public-to-private transactions, minority investments and exits. The practice is jointly steered by Eduardo Fernandez, who focuses on LBOs and growth capital transactions, alongside Christophe Garaud and Cédric Hajage, both of whom specialise in private equity and M&A work. Mathilde Faure is recognised for her expertise in complex cross-border matters.

Responsables de la pratique:

Eduardo Fernandez ; Christophe Garaud; Cédric Hajage


Autres avocats clés:

Grégory de Saxcé; Hugo Nocerino; Marie Aubard; Georges Balit; Mathilde Faure


Les références

‘Strong level of competence, high customer service, very proactive in its approach, complete in its services being able to complement the LBO offer with other legal expertise in several jurisdictions.’

‘Willkie Farr & Gallagher’s private equity team combines exceptional technical expertise with a mastery of complex transactions. Their international approach and deep understanding of the challenges of private equity make Willkie a key player in the market.’

‘Eduardo Fernandez brings leadership, operational excellence, strong negotiation skills in complex situations within constraints. He is a dealmaker and highly transaction-driven.’

Principaux clients

21 Invest France


Abénex Capital


Adagia Partners


Aglae Management


Alpha Private Equity


Aquiline Capital Partners


Ardian


Astorg Partners


BIM


BlackFin Capital Partners


BNPP Agility Capital


Bpifrance


Cobalt Capital


CVC Capital Partners


Ekkio Capital


EQT


Equistone Partners Europe


HIvest Capital Partners


IK Partners


Insight Partners


Intermediate Capital Group


Latour Capital


Lauxera Capital Partners


Lone Star Capital


Montefiore Investment


OpenGate Capital


Pacific Avenue Capital Partners


PAI Partners


Qualium Investissement


Sagard


Searchlight Capital Partners


Syntagma Capital


TA Associates


The Carlyle Group


Vaultier7


Warburg Invest


Waterland Private Equity


Weinberg Capital Partners


Wendel


Principaux dossiers


  • Advised Cooper Consumer Health, a CVC portfolio company, in a complex carve-out transaction in connection with the €2bn acquisition of Viatris Inc.’s OTC Business.
  • Advised PAI Partners on the sale of ELITech Group, a French manufacturer of chemical and biological products, to Bruker Corp, the listed United States-based provider of innovative life science tools.
  • Advised PAI Partners on the €1.8bn acquisition of a majority stake in Alvest.

A&O Shearman

A&O Shearman advises on multi-jurisdictional large-cap private equity transactions and maintains a strong presence on domestic mid-cap LBOs for French private equity houses. The practice is co-led by Marc Castagnède and Romy Richter, both of whom focus on advising companies, financial institutions and investment funds on complex cross-border M&A and LBO transactions.

Responsables de la pratique:

Marc Castagnède; Romy Richter


Autres avocats clés:

Adrian Mellor; Guillaume Valois; Thomas Roy; Michel Houdayer; Jules Lecoeur; Charles del Valle


Principaux clients

Crédit Mutuel Equity


Andera Partners


Wren House Infrastructure


EQT


PAI Partners


Committed Advisors


The Riverside Company


Sia Partners


Ares and Arcmont


Five Arrows


Principaux dossiers


  • A&O Shearman advised Andera Partners on a strategic partnership with New York LifeInvestments, for the sale of a 40% minority interest in Andera Partners.
  • Advised Wren House Infrastructure, a global infrastructure investment fund, in its acquisition of a minority stake in Groupe Petit Forestier from Sofina, a Belgian global investment company.
  • A&O Shearman advised EQT on the acquisition of Eutelsat’s satellite ground segment infrastructure business.

Bredin Prat

Bredin Prat‘s private equity practice is well equipped to advise on the full range of private equity mandates, including financing and tax structuring, and is active on transactions spanning the financial services, technology and energy sectors. The practice is regularly instructed by both French and international investment funds, as well as by start-ups and large corporates. Olivier Assant has extensive experience in large and high-profile domestic and cross-border transactions, with particular expertise in public M&A. Florence Haas is also recommended.

Autres avocats clés:

Olivier Assant; Barthélémy Courteault; Patrick Dziewolski; Clémence Fallet; Florence Haas; Benjamin Kanovitch; Sébastien Prat; Adrien Simon; Jean-Benoît Demaret; Christine Lenis


Les références

‘Excellent lawyers who are focused on developing the SME business’

‘We work regularly with Adrien Simon, who is very competent.’

‘Responsiveness, rigour, market knowledge.’

‘A highly dedicated and responsive team that offers solutions and explores new avenues, with excellent knowledge and understanding of the client’s challenges; an excellent business partner.’

 

Principaux clients

Coalition Capital / Stade Malherbe Caen


Consortium: Permira, CD&R, Everest / Exclusive Networks


KKR / Anjac


Eurazeo PME / 2 Ride Holding


HIG Capital / Giant Group (Quick)


Five Arrow Principal Investments (FAPI) / Softway


Téthys Invest / Septeo


Téthys Invest / Ceva Santé Animale


Lebronze Alloys/Dumont Family / Astorg


General Atlantic / Esker


KKR/IQGeo / Deepomatic


Nexans / Lynxeo


Solo Group / Platinum Equity


Eurazeo/I-Tracing / Bridewell


iliad / Infravia


Principaux dossiers


  • Advising Eurazeo, a reference shareholder of I-TRACING, which it controls jointly with Oakley Capital, in connection with a strategic partnership between I-TRACING, a French managed cybersecurity services pure-player, and Bridewell, the UK cybersecurity services firm specialising notably in critical national infrastructure organisations in the UK.
  • Advised the iliad Group, a French group specialised in the telecoms sector, to form a strategic partnership with InfraVia, an independent private equity firm in Europe which focuses on infrastructure assets, aimed at developing a major European hyperscale data centre platform.
  • Advised General Atlantic on the take-private of Esker, a provider of cloud-based Source-to-Pay and Order-to-Cash management solutions, by Bridgepoint, in association with General Atlantic and the management shareholders.

De Pardieu Brocas Maffei

De Pardieu Brocas Maffei advises on the tax, financing and restructuring aspects of LBO transactions. The team is particularly experienced in development capital matters, due diligence exercises, management incentive arrangements and restructurings. The practice is co-led by Jean-François Pourdieu, who specialises in advising companies and investment funds on capital raisings and transfers as well as LBO transactions, alongside Cédric Chanas, who focuses on distressed M&A, securities law and private equity matters. Matthieu Candia is also noted for his experience in LBOs, venture capital and development equity transactions.

Responsables de la pratique:

Jean-François Pourdieu; Cédric Chanas


Autres avocats clés:

Matthieu Candia ; Sandra Aloui; Hugues de Fouchier; Mathieu Retiveau


Les références

‘Sébastien Boullier de Branche is our lawyer of choice in this matter for his extensive expertise, availability and exceptional negotiation skills.’

‘The senior staff are very good and the partners remain involved at all levels of the case’

‘An excellent M&A team combining technical excellence and a keen understanding of the issues at stake in each transaction.’

‘Jean François Pourdieu, whose pragmatic approach and experience make him a partner of choice for our operations.’

‘A highly innovative, available, expert team with excellent customer relations.’

‘One of the best teams in the mid-market segment, working very well with its peers. They possess in-depth knowledge of market practices, are skilled negotiators, and know how to find a balance in negotiations to reach a deal. They offer a full service with excellent collaboration between the M&A, finance, and tax departments.’

Principaux clients

21 INVEST


APHEON


ARKEA


BNP PARIBAS DEVELOPPEMENT


CATHAY CAPITAL PRIVATE EQUITY


CREDIT AGRICOLE


CREDIT MUTUEL EQUITY


DAVIDSON GROUP


DENTRESSANGLE


DIDACTIC


EIFFEL INVESTMENT GROUP


ELYAN


EMZ PARTNERS


ERGON CAPITAL


EXOR


FIVE ARROWS


FLORAC INVESTISSEMENT


GIMV


INDIGO CAPITAL


INITIATIVE & FINANCE


KARTESIA


MBO & CO


MEANINGS CAPITAL PARTNERS


MUBADALA CAPITAL


RAISE INVESTISSEMENT


SIPAREX


SPHERE


SOCIÉTÉ GÉNÉRALE CAPITAL PARTENAIRE


UI INVESTISSEMENT


Gide Loyrette Nouel A.A.R.P.I.

Gide Loyrette Nouel A.A.R.P.I. advises sponsors, financing banks and management teams on mid- and large-cap transactions. The team is particularly noted for its sector expertise in healthcare and life sciences, energy and infrastructure, luxury, and technology. The practice is led by Olivier Diaz, who specialises in M&A, private equity transactions, securities law and corporate governance and was further strengthened with the arrival of Olivier Deren, Sébastien Crepy and Charlotte Dupont from Paul Hastings LLP in March 2026.

Responsables de la pratique:

Olivier Diaz


Autres avocats clés:

Jean-François Louit; Caroline Lan; Antoine de la Gatinais; Antoine de la Gatinais; Alexis Pailleret; Pierre-Guillaume Sagnol; Olivier Deren, Sébastien Crepy, Charlotte Dupont


Les références

‘This is a truly remarkable team. Always available, pragmatic, straightforward, and highly efficient. It’s a real pleasure to work with them. They remain humble and approachable while offering exceptional service.’

‘This team is clearly a cut above the rest. Their service quality far exceeds the market standard.’

‘Experienced and very commercial team with good market awareness.’

‘They are robust technically and are perceived to defend the management team’s interests.’

‘A top-tier team demonstrating intelligence and offering the best expertise regarding management packages.’

‘Jean-François Louit particularly stands out his adaptability and pragmatism. The team’s technical expertise and availability make them the partner of choice for CEOs.’

 

Principaux clients

Trail Capital


FG Bros


Blackfin


Five Arrows Principal Investments


Summit Partners


Impala


Providence Equity Partners


BNP Paribas Asset Management


PGGM


Infranity


GBL


Ardian


B&Capital


Investindustrial


KKR


Eurazeo


Mirova


Fonds Stratégique de Participations


Vauban Infrastructure Partners


Mirova


Fonds Stratégique de Participations


Trail Capital


FG Bros


Blackfin


Five Arrows Principal Investments


Summit Partners


Impala


Providence Equity Partners


BNP Paribas Asset Management


PGGM


Infranity


GBL


Ardian


B&Capital


Investindustrial


KKR


Eurazeo


Mirova


Fonds Stratégique de Participations


Vauban Infrastructure Partners


Mirova


Fonds Stratégique de Participations


Principaux dossiers


  • Advised the CEO, the Flowbird group and its management in the context of the acquisition of the Flowbird Group, by Easy Park.
  • Advised Eurazeo on its entry into exclusive discussions with a consortium of investors led by La Financière de Blacailloux, the Chamoin family’s holding company, for the sale of its entire financial stake of 70% in Albingia, a company in the French commercial insurance lines market.
  • Advised a consortium comprising funds managed by Mirova and BNP Paribas Asset Management on the acquisition of a majority stake in French renewable energy producer Arkolia Energies.

Goodwin

Goodwin is geared to advise across the full investment lifecycle, with particular strength in dynamic and disruptive sectors such as technology, life sciences, healthcare, and financial and business services. The team acts for investors, portfolio companies and management teams on mid-cap LBOs and public-to-private transactions for both French and international private equity funds. The practice is led by Maxence Bloch, who focuses on M&A and private equity transactions. Thomas Maitrejean is also noted for his work on cross-border M&A and growth equity investments.

Responsables de la pratique:

Maxence Bloch


Autres avocats clés:

Thomas Maitrejean; Jérôme Jouhanneaud; Benjamin Garçon; Simon Servan-Schreiber


Les références

‘Responsiveness and technical expertise.’

‘A very professional, readily available, and multidisciplinary team.’

‘A very comprehensive and well-organised team. Extensive experience in the mid-cap sector. Knowledge of the market and key players. Excellent value for money.’

‘Thomas Maitrejean is very responsive, precise, technically skilled, tenacious, a leader, pleasant.’

‘Collaboration with other firms on specific topics. Anticipating opposing demands, positioning oneself as the first « shield » to push things through and trying to find the right compromises while preserving clients’ interests.’

Principaux clients

Activa Capital


Amundi


Arkéa Capital


BNP Paribas Développement


EMZ Partners


Equistone


Eurazeo


Experienced Capital


Idia Capital Investissement


IK Partners


Latour Capital


LBO France


LFPI Gestion


Montefiore Investment


Oakley Capital


Parquest Capital


Sagard


TA Associates


Principaux dossiers


  • Counsel to IK Partners in the context of an LBO transaction on the Sterimed Group.
  • Counsel to Amundi Private Equity Funds, Arkéa Capital, Idia Capital Investissement and BNP Paribas Développement on the acquisition of a minority stake in Eduservices, from Capza, the founders and the management.
  • Counsel to TA Associates on the acquisition of smartTrade Technologies, a leading global provider of multi-asset electronic trading and payments platforms.

Hogan Lovells (Paris) LLP

The Hogan Lovells (Paris) LLP practice group operates comfortably across the full spectrum of private equity transactions, bringing particular expertise to the healthcare, tech and fintech sectors and regularly assists private equity houses, sovereign wealth funds, institutional and strategic investors, as well as portfolio companies and management teams, on mid- and large-cap buyout transactions. The practice is led by Stéphane Huten, who focuses on private equity transactions and corporate governance. Matthieu Grollemund and Pierre-Marie Boya left the firm in February 2026.

Responsables de la pratique:

Stéphane Huten


Autres avocats clés:

Xavier Doumen; Arnaud Deparday; Paul Leroy; Florian Brechon


Les références

‘A leading team in the LBO market, at the forefront of best practices, excellent in execution, and with genuine deal-making expertise.’

‘Stéphane Huten leads this team, possessing exceptional transactional skills and a deep, multi-skilled team.’

 

Principaux clients

Vauban Infrastructure Partners


TDF/ Brookfield


IDI


Bridgepoint


Chequers Capital


TowerBrook Capital Partners


Hivest Capital Partners


Andera Partners


PAI Partners


Ardian


ISAI


Capital Exports


Park Square Capital


DENTRESSANGLE Capital


Tikehau Investment Management


Forward Global


Eurazeo


Hayfin Capital


Vauban Infrastructure Partners


TDF/ Brookfield


IDI


Bridgepoint


Chequers Capital


TowerBrook Capital Partners


Hivest Capital Partners


Andera Partners


PAI Partners


Ardian


ISAI


Capital Exports


Park Square Capital


DENTRESSANGLE Capital


Tikehau Investment Management


Forward Global


Eurazeo


Hayfin Capital


Principaux dossiers


  • Advised IDI on the entry into exclusive negotiations with the founding shareholders of the Forsk group, the European leader in the supply of tools to assist in the design of relay architecture, to carry out a majority primary LBO.
  • Advised a consortium of Vauban Infrastructure Partners, EDF Invest and MEAG on the EUR 803 million acquisition of OnTower Austria, the largest independent TowerCo in Austria.
  • Advised TDF on the completion of the sale of 100% of its Fibre business to CVC DIF, an infrastructure fund manager.

Jeausserand Audouard

Jeausserand Audouard's practice is highly experienced in structuring management incentive packages in the context of LBO transactions. Founders and family investors frequently seek the group's support on leveraged acquisitions involving both majority and minority stakes. The practice is jointly led by Jérémie Jeausserand, Carole Degonse, Elodie Cavazza, Patrick Loiseau and Antoine Dufrane.

Responsables de la pratique:

Jérémie Jeausserand; Carole Degonse; Elodie Cavazza; Patrick Loiseau; Antoine Dufrane


Les références

‘What sets them apart from other professionals is their availability, active listening, and ability to deliver innovative solutions.

‘I appreciate Patrick Loiseau’s expertise, ability to explain things clearly, and availability.’

‘Patrick Loiseau and his team demonstrated remarkable agility, remaining readily available and fully engaged at every stage of the transaction. Their support allowed me to safeguard my interests while confidently moving forward with the development of my company. They are true partners technically, personally, and pragmatically adept.’

Principaux clients

Opella


Septeo


Orisha


Videlio


PAM Building


PM Studio


Staci


Simpliciti


Albingia


Vitalliance


Technoflex


Quick


Systra


Rydge Conseil (KPMG)


Nutripure


Proxima


Groupe LT


ProductLife Group (PLG)


Anjac Health & Beauty


Teranga Software


Believe


Protec


Enosium Life Science


Hemodia


Principaux dossiers


  • Advised the management team of Opella, in connection with the sale by French pharmaceutical giant Sanofi of a 50% controlling stake in its consumer health business Opella to U.S. private equity firm Clayton Dubilier & Rice.
  • Jeausserand Audouard advised Anjac Health & Beauty, the Chaufour family and the management team on the minority investment in the company by a consortium led by KKR, a global investment company, and Krefeld, alongside Bpifrance and Mubadala Investment Company.

Linklaters

The Linklaters private equity team regularly advises French and international private equity houses on a broad range of transactions including primary and secondary buyouts, infrastructure acquisitions, IPOs, restructurings and refinancings. The practice is jointly led by Bruno Derieux and Florent Mazeron. Derieux focuses on M&A and private equity transactions in the infrastructure and energy sectors, while Mazeron specialises in private equity and corporate governance matters, as well as the establishment of strategic partnerships and joint ventures.

Responsables de la pratique:

Bruno Derieux; Florent Mazeron


Autres avocats clés:

Nicolas Le Guillou; Mehdi Boumedine


Principaux clients

Brookfield


Caisse de dépôt et placement du Québec (CDPQ)


Ardian


AXA IM Prime


EQT


Vauban Infrastructure


Prosolia Energy


Africa50


InfraVia


Krefeld


Sagard


Amundi Transition Energétique


Kouros Investment


Galileo Green Energy


Marguerite


PGGM


AIP Management


RGreen Invest


UNITe and its founders


Patria Investments


I Squared Capital Advisors


Meridiam and Africa Finance Corporation (AFC)


NW Storm


Verlinvest


Principaux dossiers


  • Advised Brookfield and Data4, a European data centre operator, on the sale of interests in Data4’s European stabilised data centre portfolio to Arjun, a European specialist mid-market infrastructure manager, and Interogo, a foundation-owned investment group.
  • Advised CDPQ, Ardian, and Sagard on their entry into exclusive negotiations with PAI Partners to acquire a majority stake in Alvest, the global leader in ground support equipment for airports (GSE).
  • Advised AXA IM Prime, through its GP Stake strategy, on its acquisition of a minority stake in Monroe Capital LLC alongside Wendel’s controlling stake.

Mayer Brown

Mayer Brown‘s private equity offering was significantly bolstered by the arrival of the team from AYACHE in January 2025. The practice, led by Guillaume Kuperfils combines transactional, tax and finance support to provide in-depth advice to established funds on investments, leveraged financing and secondary market transactions and management packages negotiations and structuring. Olivier Aubouin is a key name of note.

Responsables de la pratique:

Guillaume Kuperfils


Autres avocats clés:

Olivier Aubouin; Olivier Tordjman; Gwenaëlle de Kerviler; Hadrien Schlumberger; Ségolène Dufétel; Vincenzo Feldmann; Virginie Sayag


Les références

‘An internationally renowned firm that has recently significantly strengthened its presence in France with the integration of the Ayache team. A key player in the mid and large cap market with a tailor-made approach.’

‘Olivier Tordjman is an excellent negotiator, capable of understanding the expectations of all parties.’

‘Excellent knowledge of LBO practices and value-sharing mechanisms. Excellent knowledge of governance practices in mid/large-cap LBOs.’

‘The arrival of figures like Olivier Tordjman has changed the perception of Mayer Brown. They demonstrate a strong drive on cases, undeniable technical expertise across all practice areas, and a strong capacity for strategic advice.’

‘Hadrien Schlumberger is extremely professional, reliable and thorough.’

‘Vincenzo Feldmann has availability, efficiency and excellent command of market practices.’

 

Principaux clients

Bpifrance


Bridgepoint


CAPZA


Eduservices


Eurazeo


ICG


ICG Infra


Keensight Capital


L Catterton


Montefiore Investment


Oaktree Capital Management


Ophiliam Groupe


Parquest Capital


Qualium Investment


Sagard


Stirling Capital Partners


Towerbrook Capital Partners


Verto


Principaux dossiers


McDermott Will & Schulte

McDermott Will & Schulte advises investment funds on mid-cap LBO transactions, assists family shareholders with capital restructuring mandates and represents management teams in LBO operations. The practice is led by private equity specialists Grégoire Andrieux, Diana Hund, Henri Pieyre de Mandiargues and Fabrice Piollet, who advise on a wide range of transactions including LBOs, MBOs, acquisitions, disposals, IPOs and debt restructurings.

Responsables de la pratique:

Grégoire Andrieux; Diana Hund; Henri Pieyre de Mandiargues; Fabrice Piollet


Les références

‘I had the opportunity to work with Henri de Mandiargues and his team on our LBO transaction and I have an excellent impression of them. They are a particularly strong, rigorous and committed team, combining excellent technical expertise with a keen understanding of the strategic and human challenges inherent in this type of transaction.’

‘Their main strength lies in their ability to combine legal rigour with operational pragmatism. They anticipate difficulties, propose creative solutions, and move discussions forward constructively, even in complex or tense situations. Compared to other teams in the market, Mr. de Mandiargues’ team stands out for its availability, the quality of its internal coordination, and its commitment to partnership. There is a genuine sense of cohesion and a results-oriented culture, without the rigidity sometimes found in firms of comparable size.’

‘The team is great under the leadership of Fabrice Piollet who has a large order of his files and is surrounded by very good collaborators.’

‘The team, led by the highly competent Diana Hund, combines technical expertise with a business acumen to move discussions forward. Diana also has a remarkable ability to interact effectively with her colleagues, fostering collaboration rather than sterile ego battles to advance debates.’

‘Solid sector expertise and reactivity in tight deal schedules.’

‘Diana Hund and Marie Muriel Barthelet are strong professionals ’

 

Principaux dossiers


Proskauer Rose LLP

Proskauer Rose LLP advises funds, financial institutions, corporates and management teams across the full spectrum of private equity transactions. The team is particularly recognised for its work on large- and mid-cap buyouts, growth equity and minority investments, leveraged finance and direct lending, as well as restructuring and M&A matters. The practice is jointly led by Xavier Norlain and Jeremy Scemama. Norlain regularly advises investment funds on LBO, venture capital and development capital transactions, while Scemama is well versed in advising listed and unlisted companies on corporate finance, restructuring and external growth operations.

Responsables de la pratique:

Xavier Norlain; Jeremy Scemama


Autres avocats clés:

Matthieu Lampel; Laurent Asquin; Aymeric Robine; Marion Bruère


Les références

‘Highly competent and readily available. Strong partner involvement.’

‘Excellent technical skills combined with a strong pragmatism. Ability to get straight to the point. Intimate knowledge of the LBO environment and its players, increasing the chances of success and efficiency.’

‘A remarkable team, highly skilled professionals, an exceptional level of technical expertise and exemplary availability.’

‘A true advisory capacity, enabling us to make the best decisions with full knowledge of the facts. Exceptional customer service.’

‘Excellent, high-quality team.’

‘Jérémy Scemama and Maud Manon have excellent technical skills, strong negotiation skills, high work capacity, excellent level of quality and relevance of advice.’

 

Principaux clients

Ardian


BPIFrance


Bridgepoint Development Capital


Dentressangle


The Carlyle Group


Experienced Capital


Eurazeo


FnB Private Equity


ICG


Initiative & Finance


LBO France


MML Capital Partners


Montefiore Investment


PAI Partners


PSG Equity Partners


Tikehau Capital


Latour Capital


Kinobe Group


Principaux dossiers


  • Advised the sellers, PSG Equity, the founder, and the management team on the sale of NJ2Soft.
  • Advised PAI Partners and its portfolio company, European Camping Group, a European leader in outdoor accommodation, on Abu Dhabi Investment Authority’s minority investment in European Camping Group.
  • Advised Ardian Expansion on the acquisition of DIAM.

Scotto Partners

Scotto Partners advises management teams and senior executives on the legal and tax structuring of management incentive packages. The firm has a particular focus on private clients, notably family groups and the senior management of both listed and unlisted companies. The practice is jointly led by Adrien Badelon, Isabelle Cheradame, Jérôme Commerçon, Charlotte Hazan, Claire Revol-Renié and Emilie Renaud.

Responsables de la pratique:

Adrien Badelin; Isabelle Cheradame; Jérôme Commerçon; Charlotte Hazan; Claire Revol-Renié; Emilie Renaud


 


 


Les références

‘An extremely professional team, highly specialised. Capable of adapting its strategy and positioning to the tone requested by its client. Highly respected by opposing parties or those representing third-party interests, which immediately helps to avoid many pitfalls. Very attentive and available, with genuine post-project support for their clients.’

‘A highly professional team, always seeking solutions to improve collaboration and advice, especially in complex situations. They have excellent anticipation of issues, which allows for smooth communication. Their technical expertise is outstanding. The service is quite premium, and the pricing is negotiable, offering very good value.’

‘Isabelle Cheradame is capable of taking a step back and considering issues and potential solutions from several relevant perspectives. A very good listener with excellent knowledge of evolving practices and the market.’

Principaux clients

Picard


Diot-Siaci (Oasys Group)


Diot-Siaci (Ardian)


Agora Makers


Verescence


Eurobio Scientific


2Ride Group


Buffet Crampon


Let Sign It


Groupe JV


NeoT Capital and NeoT Capital Management


RP Global


Principaux dossiers


  • Scotto Partners advised Diot Siaci’s management team on a major large cap transaction where Ardian is acquiring a significant equity stake. The firm was the lead advisor in the design of the reinvestment structure and the drafting of the investment agreement that underlay the drafting of the tax memo and setting up of the funds flow. Our tailor-made approach avoided financial and tax detrimental consequences for the minority shareholders.
  • Advised the management team of Eurobio Scientific in the context of the delisting of the company and the new LBO set up by IK Partners. Advised on all aspects of the structuring of the management package and designed a tailor-made cross-border MIP structure in order to comply with tax and legal requirements in various jurisdictions.
  • Advised the Management team of 2Ride group in the context of the group’s restructuring. This required not only legal and tax advice, but also a strong financial expertise in order to structure a MIP that will protect management’s stake and future value, taking into account the group’s structure and debt, and potential new equity injections.

Ashurst LLP

Ashurst LLP supports clients throughout the entire acquisition and disposal process, from due diligence and negotiations to exit strategies and post-integration matters. The practice is led by François Hellot and Nicolas Bombrun. Hellot brings extensive expertise across both French and international markets, making him a trusted adviser on complex, cross-border transactions, while Bombrun regularly advises buyout funds and private equity investors, as well as public and private companies, on the structuring and execution of high-stakes acquisitions, disposals and joint ventures.

Responsables de la pratique:

François Hello; Nicolas Bombrun


Autres avocats clés:

Noam Ankri; Anne Reffay; Charles Douglas Fuz; Gaspard Bastien-Thiry; Elsa Decourt; Astrid Hubert-Benoist; Louis Rainguenet


Les références

‘Excellent team demonstrating great availability, attention to detail and very clear explanations of the various legal issues and related options.’

‘Anne Reffay is highly involved in cases, available and responsive. Key points are clearly identified and presented to the client, and high-quality action plans are proposed and implemented quickly. Excellent knowledge of M&A and venture capital practices and challenges.’

‘Rigor, communication with the client, clarity, business approach.’

Principaux clients

Agilitas Private Equity


Audacia


Byways Capital


Endeit Capital


Kasada Albatross Holding


Kenneth


L-GAM


Move Capital


Nalka


73 Strings


Arcapita


Axioma


Blackrock


Blue Owl / Dyal Capital Partners


Certares


Creadev


Equitix


Klee Group


Merieux Equity Partners


Monroe Capital


Safran Corporate Venture


Sun Capital Partners


Vesalius Biocapital Partners


White Summit Capital


Principaux dossiers


  • Advised the financing banks on Brookfield’s acquisition of a controlling stake in Neoen from Impala, which triggered a mandatory public tender offer for the remaining shares and convertible bonds, followed by a squeeze-out.
  • Advised Monroe Capital on its $1.13bn majority stake acquisition by Wendel, with Wendel acquiring a 75% stake in Monroe Capital and committing an additional $1bn for future investments.
  • Advised LGT Private Debt, Muzinich & Co Limited, and Crescent Credit Europe LLP on their acquisition of Olyos, a company in the natural health sector previously owned by Motion Equity Partners.

August Debouzy

August Debouzy advises on sponsor-side transactions, with strong capabilities across the full spectrum of LBOs, MBOs, build-ups and secondary transactions. The team has a particular focus on strategically sensitive and highly regulated sectors such as defence, infrastructure, energy, healthcare and technology. The practice is led by experienced M&A specialists Julien Aucomte, Julien Wagmann, Etienne Mathey, and Antoine Ricol, who joined in April 2025.

Responsables de la pratique:

Julien Aucomte; Julien Wagmann; Etienne Mathey; Antoine Ricol


Autres avocats clés:

Ruben Grouchka


Les références

‘International network. Extensive experience in cross-border deals. Excellent knowledge of the private equity environment. Multidisciplinary team.’

‘Julien Aucomte is a very good professional, calm, experienced, with solid private equity expertise. He has long-term clients whom he supports; excellent.’

‘Julien Aucomte is responsive, available, handles complex situations well, has excellent foresight, and is a good team player.’

‘They have always met expectations on the various deals made together and even prevented me from making mistakes on certain acquisitions.’

‘Ruben Grouchka and Julien Wagmann are highly professional, readily available and offer excellent advice. They understand the business and aren’t just theoretical, they know how to adapt and provide practical solutions.’

‘Available and responsive. Good support offer for the mid-market with the option of having all audits carried out by the firm.’

 

Principaux clients

Argos Wityu


IK Partners


Capza


Meridiam


Antin Infrastructure Partners


Five Arrows


KKR


Keensight Capital


Turenne Capital


Weinberg Capital Partners


I-Squared


Tiger Global Management


Caisse des dépôts et Consignations


Eurazeo


DIF Capital


Tikehau Capital


Andera Partners


Principaux dossiers


  • Advised Argos Wityu on the €200m acquisition of Centaurée Développement, the holding company of Routin Group, a French manufacturer of syrups and beverage ingredients sold under the 1883 brand in over 80 countries.
  • Advised the private equity consortium of Five Arrows, Keensight Capital and Turenne Capital on the sale of Global D, a subsidiary of portfolio company Menix, to Naxicap Partners, as part of a broader carve-out strategy to streamline Menix’s business lines.
  • Advised Scalian and its shareholder Wendel on the acquisition of Mannarino Systems & Software, a Canadian specialist in safety-critical aerospace software and systems, to support Scalian’s expansion in North America and strengthen its position in e-VTOL technologies.

Bird & Bird

Bird & Bird's private equity practice supports sponsors, management teams and institutional investors with buy-out transactions, particularly in regulated and innovation-driven sectors. Co-led by corporate specialists Emmanuelle Porte and Carole Bodin, the team acts in primary and secondary LBOs, MBOs, build-ups, exits and reinvestments, and regularly advises on management incentive packages and shareholder structuring.

Responsables de la pratique:

Emmanuelle Porte; Carole Bodin


Autres avocats clés:

Gildas Louvel; David Malcoiffe; Bertrand Levy; Félicien Bardsley; Olivier Peronnau; Lionel Berthelet; Sonia Sassi


Les références

‘Rigour and pragmatism in handling cases. Knowledge of practices. Negotiation skills.’

Principaux clients

ARM


Sparing Vision


Infravia Growth


Caisse des dépôts et consignations


Enterome


Coave Therapeutics


Efeso Consulting Group


Bpifrance Investissement


Engie New Ventures


St-Hubert


Qwant


GEI


Cryocollect


Isalt


Tibbloc


Alto Finances


AGS Therapeutics


Bordeaux River Cruise


Sydev


Semtech


Fosun


Solar Eclipse Galaxy


Brainever


Capital Croissance


Adaxtra


Biomemory


Mirsense


Principaux dossiers


  • Advising Bpifrance Large Venture on its participation in the $41m Series A financing round of Bioptimus, a biotech company wishing to develop a specialised generative AI model for biology.
  • Advising the lead investors Business Opportunities for L’Oreal Development, DTCF, Evonik and Clay Capital in the series A financing round of Abolis Biotechnology, a French company specialising in the development of microbial strains and production methods for industrial use.
  • Advising BrainEver, a French biotech company specialised in the development of new therapies for patients with age-related neurodegenerative diseases, on its €33m Series B fundraising round to fight Charcot’s disease.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton is recommended for primary and secondary buyouts, re-leveragings, carve-outs, exits and reinvestments. The firm acts for a broad spectrum of clients, including companies at various stages of development, private equity sponsors and sovereign wealth funds. The practice is led by Charles Masson, whose work focuses on private equity transactions and brings deep experience in complex M&A matters.

Responsables de la pratique:

Charles Masson


Autres avocats clés:

Barthélemy Faye; Hugues Tabardel


Principaux clients

CapitalG and Meritech Capital


HOPU


Latour Capital


Fimalac


Bridgepoint


Sienna Investment Managers


Emerging Capital Partners


Apollo


CNP


Principaux dossiers


  • Advised Chinese private equity fund HOPU Investments on its reinvestment in Ceva Santé Animale, as part of a broader restructuring of Ceva’s shareholding.
  • Advised Latour Capital on the reorganisation of the shareholding structure of Sulo Group.
  • Advised CapitalG and Meritech Capital on their participation in Pennylane’s Series E fundraising round, announced on April 7, 2025 alongside historical investors Sequoia and DST.

Clifford Chance

The Clifford Chance private equity team is regularly instructed by large and mid-cap private equity houses, banks and specialist infrastructure funds. The group draws on broad expertise across M&A, leveraged finance, tax structuring and management incentive arrangements, with important team members including M&A expert Gilles Lebreton and Marianne Pezant, a key contact for cross-border transactions.

Autres avocats clés:

Gilles Lebreton; Marianne Pezant; Laurent Schoenstein; Benjamin Saada; Elisabeth Kerlen;


Les références

‘They are always on top of things, they are fierce in the protection of our interests, and have a very good grasp of international M&A practices.’

‘Top-tier team known for deep bench strength, seamless international coordination, and flawless execution on complex cross-border matters.’

‘Clifford Chance is exceptional at managing large, strategic transactions. They run a core team of experts who are extremely dedicated and a genuine pleasure to work with.’

Principaux clients

PE


Aglaé Management


3i


Blackstone


Bpifrance


Bridgepoint


The Carlyle Group


Cinven


Clayton Dubilier & Rice


KKR


L Catterton


Mubadala


PAI Partners


Partners Group


Perceva


Permira


Seven2


Triton


Wendel


Infrastructure


Apollo


Ardian


EQT


Macquarie


Meridiam


Mirova


Omnes Capital


DIF Capital Partners


Eurazeo


InfraVia


Financing


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 Brookfield on the contemplated acquisition of a majority block of shares in Neoen from Impala, Fonds Stratégique de Participations, the CEO of Neoen and other minority shareholders, to be followed by a mandatory simplified cash tender offer.
  • Advised Younited and its main shareholders on its business combination with Iris Financial and its successful listing on the regulated market of Euronext Paris.
  • Advising EQT, through its EQT Transition Infrastructure strategy, on its entry into exclusive negotiations with the founders of Waga Energy and certain historical shareholders to acquire a majority stake in Waga Energy and launch a mandatory tender offer for 100% of the company followed, if legal conditions are met, by a squeeze-out.

DLA Piper

The DLA Piper private equity practice advise sponsors, family offices, acquisition finance providers and management teams on transactions across all stages of the investment lifecycle. The practice, led by Simon Charbit and Sarmad Haidar, is particularly well regarded for its work on matters involving regulated assets, infrastructure-heavy businesses and growth-driven targets.

Responsables de la pratique:

Simon Charbit; Sarmad Haidar


Autres avocats clés:

Thomas Priolet; Jean Senard;


Les références

‘Thomas Priolet is an excellent lawyer. He is readily available, technically brilliant, and very aware of the commercial implications. He is surrounded by a very talented team of colleagues.’

‘A highly experienced team with serious and recognised expertise in the tech sector. Sarmad Haidar is excellent, very involved, and proposes innovative ideas. The DLA network in Europe is very collaborative, which allows for confident work on cross-border operations.’

 

Principaux clients

Atlantic Vantage Point


La Maison Partners


Montyon Capital


Sagard New Gen


White Summit Capital


21 Invest


Alcopa


Arkéa


Armen


Chevrillon


Cube Infrastructure Fund


Eurazeo


HY24


IDI


LBO France


Mérieux Equity Partners


MML Capital


OGCI Climate Investment


Perwin


Sun Capital Partners


Symphony Technology Group


Vauban


Principaux dossiers


  • Advising Symphony Technology Group on the sale of Trace One, a France-based global provider of SaaS solutions for private label product lifecycle management, to Syndigo, a portfolio company of Summit Partners and The Jordan Company
  • Advising Vauban Infrastructure Partners on the refinancing of Proxiserve, a leading French provider of energy efficiency and smart metering services.
  • Advising Eurazeo in its acquisition of a stake in Moria Surgical, alongside Naxicap Partners and the management, in the context of a new LBO on Moria Surgical.

Duroc Partners

Boutique firm Duroc Partners advises executives, founders and shareholders on complex and sensitive buyout situations. The firm’s hallmark strength lies in the structuring and negotiation of management packages, governance arrangements and reinvestment mechanisms, often in transactions involving multiple financial sponsors, continuation funds or cross-border elements. The practice is led by Erwan Bordet, Alexandre Dejardin, Éléonore Gaulier, Faustine Paoluzzo and Olivier Janoray.

Responsables de la pratique:

Erwan Bordet; Alexandre Dejardin; Eléonore Gaulier; Faustine Paoluzzo; Olivier Janoray


Les références

‘Available. Reliable. Competent. Ethical.’

‘A dedicated team with exceptional responsiveness and in-depth expertise in each specific case, listening to the client’s needs and organising themselves to provide a solution.’

‘The team distinguishes itself through its professionalism and its ability to build genuine rapport with its clients. It also demonstrates strong communication skills, making complex topics accessible and providing clear and structured support to its partners.’

Principaux clients

EXOSENS


MICROPOLE


FINAXY


SATEBA


MORIA


SOFTWAY MEDICAL


EUROPE SNACKS


LEBRONZE ALLOYS


COSMOGEN


SOS ACCESSOIRES


HUMAN & WORK


ADOPT PARFUMS


SERIMAX


KEOSYS


HMY


RESILIANS – TALENSIS


MIRABELLE SAS


MASTERGRID


NUTRISENS


CPK (CARAMBAR & CO)


Principaux dossiers


Franklin

Franklin is active across the full lifecycle of LBO investments, including primary and secondary buyouts, MBOs, build-ups, exits, refinancings and management incentive arrangements. The team regularly advises on both sponsor-side and management-side transactions, with experience in first-time LBOs and growth-driven buyouts. The practice is co-led by Yam Atallah , Antoine Denis-Bertin, Lionel Lesur, Alexandre Marque and Jacques Mestoudjian, who offer deep private equity, corporate, competition and tax expertise.

Responsables de la pratique:

Yam Atallah; Antoine Denis-Bertin; Lionel Lesur; Alexandre Marque; Jacques Mestoudjian


Autres avocats clés:

Antoine Fouassier; Josselin Nony-Davadie; Rudy Marouani


Les références

‘High intelligence. Excellent tactical and strategic mind. Very good negotiator.’

‘They are very responsive, flexible and innovative a great team to work with. ’

‘Partner Lionel Leisur is particularly active in the firm and he is technically and commercially impeccable. ’

Principaux clients

Agami Family


Créations Fusalp


EFESO Consulting


Eurazeo


Groupe Magellim


Guémas


Mech-I-Tronic


Perseus


Perwyn


Sagard


Tikehau Investment Management


The Moneytizer


Turenne Invest


Principaux dossiers


  • Advised Perwyn on its strategic investment in SoftNext.
  • Advised Cofarco and its management in their first €30m LBO, advising on the opening of the company’s capital to Siparex Entrepreneurs and Bpifrance to support its accelerated growth strategy.
  • Advised Tikehau in the €25–35m sale of Brown Europe to the Tinicum Group, advising on a complex 11-month transaction involving Phase II FDI control, following Tikehau’s original acquisition of the company in 2021.

Gibson Dunn

Gibson Dunn advises international sponsors, sovereign wealth funds and financial investors across the lifecycle of buyout transactions, with the team's portfolio encompassing acquisitions, disposals, secondary and tertiary LBOs, minority investments, build-ups, carve-outs, joint ventures and exits. Led by Ariel Harroch, the group is also noted for its experience in the infrastructure, technology, financial services, and healthcare segments.

Responsables de la pratique:

Ariel Harroch


Autres avocats clés:

Bertrand Delaunay; Benoît Fleury; Patrick Ledoux; Darko Adamovic; Clarisse Bouchetemblé


Les références

‘A very international and efficient team.’

 

Principaux clients

Blackstone


Eurazeo


Draycott


TIIC


Goldman Sachs


GIC


Groupama Asset Management


Brookfield


FCDE


Eiffel Investment Group


OFI Invest


KKR


Principaux dossiers


Jeantet

The Jeantet practice spans the full range of private equity matters, including investment capital transactions, venture capital, turnarounds, tax structuring and acquisition financing. Its client base includes leading domestic and international investment funds, banks, mezzanine financiers, shareholders and management teams. The practice is led by Philippe Matignon and Pascal Georges, who regularly advise French and international investment funds on LBO and capital investment transactions.

Responsables de la pratique:

Philippe Matignon; Pascal Georges


Autres avocats clés:

Philippe Raybaud; Maxime Brotz; Karl Hepp de Sevelinges; Thierry Brun; Guillaume Fornier; Wyssam Mansour


Principaux clients

LBO France Gestion


Quadrivio Group


Argos Wityu


Plenium Partners and Swen Capital Partners


French Food Capital


Azzura Capital


Sports Bridge Ventures (SBV) and Sports Bridge Media Ventures (SBMV)


REDSLIM GROUP


IDIA Capital Investissement & Unexo – Groupe Crédit Agricole


InfoPro Digital


WCP Impact Dev #1 (Weinberg Capital Partners)


Groundswell Initiative


IST3 Investment


See You Sun


Carbyne Equity Partners


Dzeta Private Equity & Arkéa Capital


Amundi Private Equity


Bridgepoint Development Capital (BDC)


Principaux dossiers


  • Advising the Redslim group on the acquisition of a majority stake by Astorg.
  • Advising the Dreampath Group, a HealthTech company focused on digitising workflows in anatomical pathology laboratories, on the acquisition of a minority investment of Summit Partners in Dreampath Diagnostics.
  • Advising LBO France, a French PE fund, on the sale of the Prenax group to Triton, a Swedish PE fund.

LL Berg

Boutique law firm LL Berg exclusively advises on mid-cap and upper mid-cap buyout and M&A transactions, comfortably operating across primary, secondary and tertiary buyouts, minority LBOs, take-private transactions, and refinancings. The practice is co-headed by Olivier Abergel , a key contact for founders and controlling shareholders, and Gaëlle Quillivic,w, who brings dual M&A and financing expertise, frequently leading on acquisition and refinancing structures.

Responsables de la pratique:

Olivier Abergel; Gaëlle Quillivic


Les références

‘They are excellent professionals and always available.’

‘Excellent team, close-knit and very experienced. I highly recommend them. True expertise in midcap M&A and LBOs.’

‘Olivier Abergel knows how to take a step back from cases and fight for what really matters, seeing deals through to completion. Gaëlle Quillivic is precise, quick, highly skilled and reliable. Julien Carrascosa is incredibly sharp, responsive and solution-oriented. We work in a great atmosphere with them, and they connect very easily with other experts and consultants.’

‘LL Berg stands out as one of the few boutiques that takes on large-scale or highly complex transactions. The firm adopts a selective approach in choosing the cases it handles, in order to maintain the excellence of its services and ensure truly tailored support.’

‘Olivier Abergel is involved in all cases, even the smallest, excellent interpersonal skills, and a very skilled negotiator. Gaëlle Quilivic is highly adaptable to needs and has excellent interpersonal skills when dealing with all types of stakeholders.’

‘The team is experienced, multidisciplinary, well-managed, precise, and hardworking. They are very stable, which helps with monitoring cases over time.’

 

Principaux clients

MON VETO


MADEMOISELLE DESSERTS


CAMBON PARTNERS


EKWATEUR


ABENEX


JONAK


FCDE


IDICO


PROVIDENCE EQUITY


PLAYERS


Principaux dossiers


  • Advised Makila Capital on its co-investment with funds managed by IK Partners Group in the full privatisation transaction of Eurobio Scientific, alongside its managing and controlling shareholder.
  • Advised the majority shareholders on the Aurlom buyout.
  • Advised 123 Investment Managers, a private investment house managing €1.3 billion assets, on its cumulated investment of €120m in a pharmaceutical group comprising 100 pharmacies.

Moncey Avocats

Moncey Avocats advises on LBO transactions including primary, secondary and tertiary buyouts, minority investments, build-ups, exits, reinvestments and management incentive schemes. The team brings deep experience across a broad range of sectors, including business services, financial services, healthcare, technology, digital platforms and energy transition and is led by Guillaume Giuliani and Marie-Victoire James, who are widely recognised for their expertise in mid-cap LBO transactions.

Responsables de la pratique:

Guillaume Giuliani; Marie-Victoire James


Autres avocats clés:

Frédéric Pinet; Fabrice de La Morandière; Alexandre Bankowsk


Les références

‘The team possesses all the necessary expertise to handle an LBO transaction. All the partners and staff are highly qualified. In addition to their technical skills, they are all characterised by their availability, responsiveness, speed of execution, and ability to take a commercially oriented approach. They are clearly indispensable in the market.’

‘Guillaume Giuliani is clearly one of the best corporate lawyers in the field. Technically very skilled, precise, extremely responsive, with a great ability to identify and resolve key issues and handle complex matters. He provides excellent advice and has a strong business acumen. Guillaume is one of those rare lawyers who effectively protects you while simultaneously helping you close deals.’

‘One of the best teams in the lower and lower midmarket segment. Excellent value for money. Works very well with its peers. Very good understanding of market practices. Knows how to find compromises to build a deal. Works well with finance and tax teams.’

‘Excellent, customer-focused and very proactive.’

‘A team perfectly suited to our needs. Highly competent, responsive, friendly, and a great deal maker.’

‘Guillaume Giuliani is efficient and able to identify and address key issues, while maintaining a business-oriented perspective.’

Principaux clients

Estya


EMZ Partners


Compagnie Financière de Jousset


Oddo BHF


Seven 2


Cerea Capital


MBO+


Hivest Capital Partners


Calcium Capital


Trocadero Capital Partner


BNP Paris Développement


PolEquity


M80 Partners


Market Pay


Sagard


IK Partners


FrenchFood


Principaux dossiers


  • Advised Estya on its sale to Charterhouse Capital Partners, a European private equity firm.
  • Advised CFJ, Frédéric Jousset’s investment holding company, on its acquisition of SMAC Group.
  • Advised Oddo BHF, on its acquisition of a stake in Lunettes Pour Tous.

Orrick

Orrick has a comprehensive private equity practice with extensive experience across LBOs, owner buyouts, management buyouts, secondary buyouts and the sale of portfolio companies to other private equity investors. Led by Patrick Tardivy and Olivier Jouffroy, the team acts for buyers, sellers, investors and lenders. Tardivy brings particular sector expertise in energy, infrastructure, real estate and technology, whereas Jouffroy is notably experienced in the financial institutions, real estate and life sciences sectors.

Responsables de la pratique:

Patrick Tardivy; Olivier Jouffroy


Autres avocats clés:

Marine Jamain; Bruno Romagnoli; Marc Diab Maalouf


Les références

‘Orrick’s M&A team distinguishes itself through a deeply integrated and results-oriented approach.’

‘Patrick Tardivy and Marine Jamain stand out for their resolutely impactful and seamless approach. They combine an excellent grasp of transactional issues with the ability to simplify complex problems.’

‘Technical and commercial excellence. Comprehensive understanding of the issues. High responsiveness in urgent situations.’

‘Professionalism, pragmatism, and strong responsiveness at both senior and junior levels. Always a pleasure to work with this team, which we will definitely consider for future projects.’

‘The team is extremely collaborative, commercial, and technically capable. They have demonstrated a high degree of pragmatism, and are able to prioritise what matters to us over the nitty-gritty details that do not have material implications to the deal.’

‘Patrick Tardivy is highly commercial and very knowledgeable. We often brainstorm strategies with him, he always has very insightful ideas.’

Principaux clients

3i Group plc


Alba Infra Partners


Almaviva Capital / Almaviva Santé


Amundi Transition Energétique


Antin Infrastructure Partners


Aptean


Ardian


Axa IM


CNP Assurances


CVC DIF


Demeter CIF


EDF Invest


Eurofiber


GreenYellow


Impax Asset Management


Infrared Capital Partners


Morrison


Pasqal


Saur


Société d’investissement Bastide – SIB


Société Générale


Stokke AS


Tilt Capital


Sunfunder


Principaux dossiers


  • Advising Alba Infra Partners, which has more than €1bn of assets under management, on its market launch.
  • Advising Antin Infrastructure Partners on the launch of France’s first independent high-speed train company, which will involve a €1bn-plus investment.

Paul Hastings LLP

The private equity team at Paul Hastings LLP regularly advises funds and managers on mid- and large-cap LBO transactions, while also covering management incentive arrangements, acquisition finance, restructurings, tax structuring and regulatory matters. Important team members include Arthur de Baudry d’Asso and Charles Cardon. The practice was strengthened in April 2025 by the arrival of Xavier Petet from White & Case LLP, enhancing its capabilities in regulated sectors such as energy and healthcare. Former practice head Olivier Deren left the firm in March 2026 alongside Sébastien Crepy and Charlotte Dupont.

Autres avocats clés:

Arthur de Baudry d’Asson; Charles Cardon; Xavier Petet; Nicolas Lovas; Valentin Moricho


Les références

‘A team led by a highly committed partner, very good both technically and in terms of negotiation.’

‘One of the leading teams in private equity in France. Excellent understanding of the technical challenges of leveraged buyouts.’

‘The team boasts a highly committed partner with a strong business acumen, demonstrating in-depth knowledge of their cases and clients, while relying on high-quality associates whose rapid response time is greatly appreciated. Furthermore, the firm and its partners possess extensive experience in various transaction types and sectors, making them highly versatile and enabling them to deliver innovative solutions to the transactions they handle.’

‘Xavier Petet is a dealmaker whose sensitivity extends beyond legal matters, and who knows how to find solutions to get out of complicated situations, all while keeping his client’s interests at the heart of the discussions.’

‘A very good team, multi-skilled, proactive, and capable of providing sound advice to close a deal while mitigating major risks.’

‘Professionalism. Knowledge of the healthcare market. International experience. Respect for deadlines. Proactivity. Negotiation skills.’

Principaux clients

Amundi Private Equity Fund


Andera Partners


Ardian Expansion


Arkéa Capital


Astorg


Astorg Mid-Cap


B & Capital


BEX Capital


BNP Paribas Développement


Bridgepoint Capital Development


Bridgepoint Europe


CAPZA


Cathay Capital


CDPQ


Cobepa


Crédit Mutuel Equity


EMZ Partners


Equistone


EQT


Eurazeo


FCDE


Five Arrows


Francisco Partners


Gimv


IDI


Insight Partners


Intermediate Capital Group (ICG)


ISAI


Keensight Capital


Latour Capital


LFPI


Mérieux Equity Partners


MML Capital


Montefiore Investment


Mubadala Investment Company


Mubadala Capital


Qualium Investissement


Providence Equity Partners


RAISE Investissement


Sagard


Sagard NewGen


Siparex


SOCADIF


Société Générale Capital Partenaires


Symphony Technology Group


Turenne Capital


Vivalto Partners


Wendel


21 Invest


Principaux dossiers


Racine

The Racine private equity practice demonstrates proficiency supporting investment funds, financial sponsors, family offices and management teams with a broad range of  domestic and cross-border LBO and LBO-connected transactions. The practice is co-led by Marie Pouget and Emily Pennec, who are recognised for their expertise in sponsor-led LBOs.

Responsables de la pratique:

Marie Pouget; Emily Pennec


Les références

‘Racine’s private equity team is particularly responsive and motivated. It’s a competent team capable of handling mid-cap and large-cap deals.’

‘Emily Pennec excels in the field of private equity: She has a thorough understanding of the latest market trends and knows how to find innovative and effective solutions to successfully complete our transactions. It is always a pleasure to work with her because, in addition, she knows how to listen to her clients and their requirements.’

‘Strong responsiveness, professionalism, leadership.’

‘Exceptional commitment, a highly competent and dedicated team, and excellent case management. The perfect combination of IQ and EQ.’

 

Principaux clients

Sagard


21 Invest France


Hivest Capital Partners


Five Arrows


Isatis Capital


Bridgepoint Capital Development


Andera Partners


RAISE


Gaïana’s Management team


LBO France Gestion


Neuberger Berman


Groupe HLD


Meanings Capital Partners


Weinberg Capital Partners


TowerBrook Capital Partners


Principaux dossiers


  • Advised LBO France on the legal frameworks and corporate structuring aspects of a dividend recapitalisation transaction for Bexley, a men’s clothing brand.
  • Advised Weinberg Capital Partners, an independent investment company, on a leveraged buyout transaction involving six independent companies.
  • Adviced Neuberger Berman, a private independent employee-owned investment manager, on all French law aspects of an acquisition in the context of a global transaction led by NB.

Sekri Valentin Zerrouk

The Sekri Valentin Zerrouk private equity practice advises domestic and international investment funds, family offices, industrial groups and management teams on a broad range of buyout transactions. The team has extensive experience advising on primary, secondary and tertiary buyouts, owner buyouts, minority investments, build-ups, exits and reinvestments, as well as the structuring of sophisticated management incentive packages. Franck Sekri has a strong focus on industrial clients and tech-sector players, while Pierre-Emmanuel Chevalier specialises in the retail sector. Géraud De Franclieu is recognised for advising investment funds, particularly in the hospitality sector.

Autres avocats clés:

Franck Sekri; Pierre-Emmanuel Chevalier; Géraud de Franclieu


Les références

‘The team distinguishes itself through its professionalism, responsiveness, and ability to adapt to complex situations. Its main strengths lie in the complementary skills of its members, the quality of the support offered, and the depth of its expertise, making it a reliable and recognised partner compared to other market players.’

‘In terms of service quality, the team is attentive to client needs and open to innovation, whether in internal organisation, case management, or the use of technological tools. It also demonstrates a collaborative and pragmatic approach, which enhances communication and the effectiveness of the solutions provided.’

‘Within the team, Oscar da Silva stands out, particularly for his rigour and pragmatism. He distinguishes himself through his excellent listening skills, his ability to anticipate client needs, and his capacity to propose tailored solutions. His technical expertise, combined with genuine human commitment, sets him apart from his colleagues and contributes to the team’s reputation.’

‘Excellent team in terms of recruitment, invoicing, diversity, use of technology and collaborative methods! Absolutely no complaints. The best I’ve ever had the pleasure of working with.’

‘Excellent team, which we entrust with the vast majority of our transactions because they are highly competent, readily available, reliable, and very pleasant.’

‘Rigorous, good advice, committed, responsive, investigates topics in depth, numerous benchmarks.’

Principaux clients

IGZ and Family Office Zouari


Société Générale Capital Partenaires


QIMA


IM Global Partner


Turenne Hôtellerie


GENEO Capital


Amara NZero


Acces BTP


Seven2


Diapason


Tresmares Capital


Plantin


Sherpa Capital


Parallel Hospitality (123 IM)


Groupe Baelen


ClimaNext


Principaux dossiers


  • Advised a French investment holding company specialising in retail, real estate and private equity. This related to a transaction valued at over €2 billion. The acquisition of the entire stake of its co-shareholder, Lion Capital, in Picard Surgelés, the French retailer specialising in premium frozen foods, having a large network of stores across France.
  • Advised the leader in quality control and compliance solutions, in the context of the investment by TA Associates, a major player in global private equity.
  • Advised a fast-growing global asset management platform that connects investors with top-performing independent managers, on the acquisition of a strategic minority stake in London-based asset management company.

Winston & Strawn LLP

Winston & Strawn LLP is a port of call for domestic and international private equity sponsors, management teams, founders and institutional investors seeking support with private equity LBO transactions. The practice is led by Grine Lahreche, whose broad practice encompasses LBOs, capital restructurings, acquisitions and disposals, mergers, joint ventures, recapitalisations, securities and bond offerings, as well as cross-border refinancing transactions. Audrey Szultz is another key contact.

Responsables de la pratique:

Grine Lahreche


Autres avocats clés:

Audrey Szultz


Les références

‘Winston & Strawn’s private equity team is distinguished above all by a rare combination of technical expertise, cohesion, and commitment. It embodies a remarkable balance between legal excellence and a nuanced understanding of the economic and human dynamics inherent in LBO transactions, and has established itself as a benchmark in the mid-cap and upper mid-cap markets.’

‘The team covers all the skills necessary for the success of a transaction, whether in corporate law, financing, taxation, or the implementation of management packages. Each team member demonstrates impeccable technical mastery and a strong culture of collaborative work, ensuring smooth and efficient execution at every stage of the deal.’

‘Compared to other teams in the market, Winston & Strawn’s team clearly ranks among the top performers with its unwavering commitment, results-oriented approach, and close understanding of operational challenges make it a high-value team, capable of competing with the biggest players while maintaining exceptional agility.’

‘Grine Lahreche is the true conductor of every transaction. He is present, proactive, and deeply involved at every stage of the process, whether it involves complex negotiations or structuring the deal. Grine Lahreche is highly technical, always available, an excellent negotiator and dealmaker, a strategist, competitive, very intuitive, and possesses a 360° vision. He adapts to all situations and all types of stakeholders.’

Principaux clients

123 Investment Managers


21 Invest France


Albarest Partners


Andera Partners


Apax Partners/Crystal Holding


Aqua Asset Management


Ardian Growth


Ardian Private Debt


Ardian Private Equity


Biofutur


Bpifrance


CAPZA


Eurazeo Direct Lending


IK Partners


Indigo Capital


Initiative & Finance


ISAI


Keensight Capital


LBO France


MBO & Co


Muzinich French Private Debt


Omnes Capital (IdiCo)


Pléiade Investissement


Questel International


Quilvest Capital Partners


S2G Advisors llc


Siparex


Syparex Intermezzo


Telemos Capital


Vivalto Partners


Principaux dossiers


  • Represented Astorg in connection with its majority investment in Redslim, alongside the company’s founders and management team.
  • Represented the founding partners of EDL, a market-leading provider of medical imaging and diagnostic software, in the sale of a majority stake to Dentressangle Participations
  • Represented CEO and Co-Founder of SmartTrade Technologies, and the management team in the context of the acquisition of a majority stake in the company by leading global private equity firm TA Associates.

Bersay

Bersay  advises investment funds, family offices, industrial groups and management teams on LBO transactions and related private equity matters. The team oversees every stage of these transactions, from due diligence through to the negotiation and finalisation of contractual documentation, while ensuring compliance with applicable regulatory and legal requirements. Founder and practice head Jerome Bersay focuses on M&A, private equity transactions and corporate law, advising clients in both domestic and international contexts.

Responsables de la pratique:

Jérôme Bersay


Principaux clients

Euroland Corporate


Feel / Fundraising


LETO PARTNERS Humens


Martek (For Vedis)


Martek ( for Cartelis)


METabolic Explorer (METEX)


PROMEPLA Group


Total Hysetco


Sorbonne & Co


Principaux dossiers


  • Advised Leto Partners on the majority acquisition of the Humens Group, alongside the group’s management. The majority stake was sold by Eurazeo and its partners Ardian, Mérieux Equity Partners and Eximium.
  • Advised Martek on the sale of Cartelis.

Bignon Lebray

The Bignon Lebray is well regarded for its focus on the fintech, banking, consulting and industrial distribution sectors. The practice is led by Tanguy Dubly who specialises in private equity, corporate law and M&A and regularly advises SMEs, mid-cap companies and start-ups, particularly in the healthcare and agri-food sectors.

Responsables de la pratique:

Tanguy Dubly


Autres avocats clés:

Alexandre Ghesquiere; Taous Mabed; Alban Van de Vyver; Neil Robertson; Pierre Emmanuel Scherrer; Virginie Brault Scaillet; Laetitia Benoit; Edouard de Limairac


Les références

‘A highly competent team fostering an excellent atmosphere. The collaborative approach is effective. The diversity of age and skill levels within the teams is a real asset.’

‘Alexandre Ghesquiere, the first person I met who convinced me to sign with Bignon Lebray. He stands out for his charisma, his experience, his attentiveness, his understanding of my needs, his ability to unite teams, and the importance he places on client relationships.

‘François Vibert. He seems to never stop working, his confidence and competence despite his young age, his availability, and his competitive spirit are remarkable.’

‘The team stands out for its exceptional availability and attentiveness. They take the time to meet with clients and work through documents with them in a thorough and educational manner. This approach fosters genuine trust and seamless collaboration.’

‘We recommend Alexandre Ghesquière for his excellent responsiveness.’

Principaux clients

Leetchi


Nord Capital Partenaires


Procadres Suisse


Bank Partners


SWAT TRANS SAS


Principaux dossiers


  • Advised Leetchi and Advent International on the cross‑border acquisition of iRaiser Group and the design and implementation of a post‑completion Management Incentive Plan.
  • Advised SWATTRANSSAS on the €33.5million LBO of KAPPADATA Group via a Belgian holding structure.
  • Advised Nord Capital Partenaires on the €21 million owner buyout of the Syneido communication group.

Dentons

The Dentons private equity team advises sophisticated sponsors, investment funds, institutional investors and management teams on complex domestic and cross-border buyout transactions, with recognised expertise in the life sciences sector. The practice is led by Olivia Guéguen whose work focuses on LBOs and large venture financings, frequently supporting clients with investments and exits in cross-border transactions.

Responsables de la pratique:

Olivia Guéguen


Autres avocats clés:

Olivier Genevois; Guillaume Kessler; Laura Godard; Caroline Pucel


Les références

‘A responsive, competent, and flexible team. Excellent work on two complex operations.’

Principaux clients

SMAC


Committed Advisors


Patria


Fulgur Ventures


Systra


Siparex


Novoma


Montyon Capital


Neo Investment Partners


Principaux dossiers


  • Advising SMAC’s management team in the context of exclusive negotiations for the acquisition of SMAC by a consortium led by Compagnie Financière Jousset, alongside management.
  • Advised Committed Advisors and Patria on their investment in the continuation fund structured by Hivest Capital Partners, established to support the next phase of growth for Agora Makers, a leading European provider of urban furniture and public lighting solutions.
  • Advised Fulgur Ventures, a private equity and venture capital fund focused on transformative technologies, on its €48.6m strategic investment in The Blockchain Group, a company listed on Euronext Growth Paris, via the subscription of convertible bonds issued by The Blockchain Group Luxembourg S.A. and exchangeable into shares of the French-listed parent, The Blockchain Group SA.

FIDAL

The FIDAL private equity practice is recognised for its expertise across the full lifecycle of LBO transactions, from structuring and due diligence through to completion and post-completion matters. The team is regularly instructed by French and international industrial groups, service providers, financial institutions, private equity firms and private investors. The practice is led by Sabrina Bol, who also advises on venture and growth capital, M&A and broader corporate matters.

Responsables de la pratique:

Sabrina Bol


Les références

‘Expertise, experience, pragmatism, responsiveness, availability.’

‘Highly effective team in both auditing and negotiation support. Extremely responsive and meets deadlines.’


Principaux clients

NCI


MBO+


GALIENA CAPITAL


ALDEBARAN CAPITAL PARTNERS


IXO PRIVATE EQUITY


SIPAREX


BPI France


TROCADERO CAPITAL PARTNERS


PLB


IRDI CAPITAL INVESTISSEMENT


MULTICROISSANCE


OCEAN PARTICIPATIONS


GSO


Principaux dossiers


  • Fidal advised Pierre Duverneuil, Raphaël Giraud and IXO PRIVATE EQUITY investment fund on their disposal from MAGELLIUM ARTAL GROUP in favor of Eirene. Fidal also advised Pierre Duverneuil and Raphaël Giraud in this second LBO regarding their reinvestment.
  • Fidal advised TROCADERO CAPITAL PARTNERS in the context of an LBO on ADOPT PARFUMS , and reinvestment in the company.
  • Fidal advised PLB and its founders in the context of a primary OBO on the company with the contribution of PolEquity, an Evergreen Investment Holding Company.

HOCHE AVOCATS

The private equity team at HOCHE AVOCATS advises investment funds, industrial groups, founders and management teams on a broad range of LBO and mid-market buyout transactions. The firm is frequently instructed on multi-jurisdictional and cross-border matters, often assisting international clients with their transactions in France. The practice is led by co-managing partner Jean-Luc BLEIN, alongside Didier Fornoni, Louis Leroy and Marie Peyréga  .

 

Responsables de la pratique:

Jean-Luc Blein; Didier Fornoni; Louis Leroy; Marie  Peyréga


Autres avocats clés:

Jennifer Pernet; Sophie Millet; Amandine Doury


Les références

‘A very high-quality team, on par with Anglo-Saxon firms.’

‘Jean Luc Blein and Éric Quentin are technically excellent, imaginative and innovative in the solutions implemented, pragmatic and very business-oriented, reliable in the solutions proposed, with strong negotiation skills.’

Principaux clients

Almaviva Santé


Alvest


Archipel


Arterris


Aures Technologies SA


Camille Fournet


Canal Plus


Crystal


Derichebourg


Endena


Entoria


Excellence Imagerie


French Food Capital


Groupe Hestiom


Groupe Les Echos – Le Parisien


Groupe Sterne


InnovaFonds


Meanings Capital Partners


MRM


Nextroad


Ober Finances


NCI


Seven2


Siparex Entrepreneurs


UI Investissement


Wavestone


Principaux dossiers


  • Advised the Alvest group and private investors on the takeover of the group by PAI Partners.
  • Advised Archipel, the chartered accountancy group, on its fundraising with Otium Partners and the acquisition of the Rey group.
  • Advised InnovaFonds on the LBO of NextRoad.

Joffe & Associés

Joffe & Associés is sought after by investment funds, corporate groups, family offices and management teams for advice on mid-market LBO transactions. The practice is led by founding partner Christophe Joffe, who combines a wealth of experience in private equity matters with vast knowledge of restructuring issues, alongside Aymeric Degremont, Virginie Belle, Thomas Saltiel and Camille Malbezin.

Responsables de la pratique:

Christophe Joffe, Aymeric Degremont; Virginie Belle; Camille Malbezin; Thomas Saltiel


 


Autres avocats clés:

Charlotte Viandaz, Paddy Pascot; Antoine Lamy


Les références

‘The team demonstrated a very high level of professionalism, responsiveness, pragmatism on the cases, and excellent advice.’

‘Responsiveness to requests. Availability of lawyers. Proactive approach. Pragmatic negotiation style. Dedication to successful resolution of cases.’

Principaux clients

ONEPREPAID


BIODIS


SOCADIF


GENERATION SNACKING


LOCALA


JOLT CAPITAL


SOFIOUEST


CARTESIA EDUCATION


FLATLOOKER


Principaux dossiers


  • Advised Locala, in a completion of an LMBO.
  • Advised Flatlooker and its historical shareholders, including founder Nicolas Goyet, as well as funds managed by Partech Partners and Bpifrance Investissement, on the LBO in connection with the merger of Hello Syndic and Flatlooker to form Manda.
  • Advised One Prepaid, a player in the technical management and distribution of gift cards and prepaid vouchers, on its capital investment by ISAI through its Growth Lending fund and by Isatis Capital.

King & Spalding LLP

The King & Spalding LLP private equity practice advises clients on LBO transactions, with a particular focus on the new technologies, telecommunications, life sciences, energy and consumer products sectors. The practice is led by managing partner Laurent Bensaid, who regularly advises domestic and international companies, private equity funds and investment banks. Thomas Philippe frequently represents leading investment funds on complex LBO transactions.

Responsables de la pratique:

Laurent Bensaid


Autres avocats clés:

Thomas Philippe; Agnieszka Opalach; Julien Vicariot


Les références

‘The team distinguishes itself through its remarkable mastery of LBO transactions, both legally and financially. It combines impeccable execution rigour with a pragmatic, value-creation-oriented approach, making it a trusted partner for both investors and management teams.’

‘The team’s market position is that of a leading player, capable of handling complex cross-border transactions while maintaining unparalleled proximity and responsiveness. The team also stands out for its culture of innovation, whether in structuring transactions or using new technologies to track deals.’

‘Ability to coordinate across the firm’s various departments strengthens the overall structure and enables integrated transaction management.’

‘Among the team’s key figures, Thomas Philippe holds a unique position. He combines in-depth technical knowledge of private equity and acquisition finance with a keen understanding of investment strategies and the power dynamics inherent in each transaction.’

‘Thomas Philippe distinguishes himself through his clear analysis, precise negotiation skills, and ability to find elegant and effective solutions in often tense situations. His approach, both strategic and human-centered, fosters constructive dialogue between the parties and ensures optimal legal protection for his clients’ interests.’

‘Thomas Philippe has unwavering availability, intellectual integrity, and attention to detail make him an undisputed market leader in the LBO segment, valued as much for his expertise as for the quality of the relationships he cultivates with his clients.’’

Principaux clients

Andera Partners


EMZ partners


Montefiore Capital / Generix Group


LBO France


Ardian


Centre Azuréen de Cancérologie


Spie batignolles


Forsk SA


Spartes SA


Principaux dossiers


  • Advised Generix Group in connection with an initial bond issuance to the benefit of Bain Capital.
  • Advised the founders, controlling shareholders and managers of Forsk SAS on the investment made by private equity sponsor IDIas part of an LBO transaction.
  • Advised the founders and controlling shareholders of Spartes Group on an equity investment made by Andera Acto.

Skadden, Arps, Slate, Meagher & Flom LLP

Skadden, Arps, Slate, Meagher & Flom LLP is well regarded for advising financial sponsors, investment funds, family offices and corporates on complex, cross-border and time-sensitive LBO transactions. The practice is led by Nicola Di Giovanni, who is widely recognised for his expertise in  LBOs, public-to-private transactions and strategic investments.

Responsables de la pratique:

Nicola Di Giovanni


Autres avocats clés:

Sidney Rosenberg


Les références

‘The team puts their clients first and always has the best interest of their clients. Always remains available and is clear in their communications. Easy to work with. ’

‘The team of Nicola Di Giovanni and Sidney Rosenberg is terrific. Communication has been smooth and is able to work on various types of transactions involving different complexities. ’

‘We have been working with Nicola and his teams for over ten years. They provide us with high-quality work that has been adapted to our evolving needs, particularly the growth of our business.’

Principaux clients

Aldebaran Capital


Ardian Funds of Funds


ICG


Capza


JAB Holding Company


Hologic


SDC Capital Partners


HG Capital


Iliad


Citi Ventures Inc


L’Occitane


Grupo Bimbo


Mubadala Capital


Danaher Corp.


KPMG


Ardian Private Equity


Galiena Capital


H.I.G. Capital Partners


Andera Partners


Groupe Baelen


Principaux dossiers


  • Advised KPMG France in connection with its agreement with TowerBrook Capital Partners regarding the sale of the entire share capital of KPMG ESC & GS, a French company carrying out chartered accounting, advisory and management activities, aimed at small and medium-sized businesses in France.
  • Advised FTV on its acquisition of N2F, a French software company specialising in expense management software solutions, from PSG Equity and its founders, in the frame of a pre-emptive bid.
  • Advised L’Occitane Groupe and Reinold Geiger, the majority shareholder of L’Occitane International, a global luxury cosmetics group based in Europe and listed on the Hong Kong Stock Exchange, in connection with Mr. Geiger taking the company private, for a value of the target group of €6bn.

Spark Avocats

The Spark Avocats private equity practice operates comfortably across a broad spectrum of cross-border and multi-jurisdictional LBO transactions. The practice is co-led by Ariane Olive, who advises entrepreneurs and investors on LBOs, restructurings and equity transactions, alongside Mathieu Ducceschi and Florian Mayor, who bring strong negotiation skills and project management expertise to complex transactions.

Responsables de la pratique:

Ariane Olive; Mathieu Ducceschi; Florian Mayor


Les références

‘A team of exceptional professionalism and responsiveness. Communication is fluid and constructive. I can confirm the excellent quality of service.’

‘The team is truly dedicated to its projects. The partners and associates are highly competent. There’s a lot of communication.’

‘Friendly, personable and professional team. Good level of responsiveness.’

‘Arianne Olive has a 360-degree view of the challenges facing leaders.’

‘Clearly Florian Mayor and Ariane Olive are an exceptional duo.’

‘Mathieu Ducceschi is an excellent professional who provides exceptional case management and is an excellent technician.’

 

Principaux clients

CAPITAL CROISSANCE DEVELOPPEMENT


CONFLUENCE


OPALINE


METRON


BUYCO


Principaux dossiers


  • Advised Capital Croissance Développement on the completion of the refinancing of its senior and junior loans.
  • Advised the shareholders of Diafora on the sale of 100% of the share capital to Humans Matter.
  • Advised Buyco on the completion of its capital increase.
     

Squire Patton Boggs

The Squire Patton Boggs private equity practice frequently receives instructions from sponsors, investment funds, management teams and shareholders related to mid-market leveraged buyouts and related cross-border transactions. The practice is led by Charles Fabry, who brings extensive experience to mergers and acquisitions, management incentive schemes, joint ventures and corporate restructurings.

Responsables de la pratique:

Charles Fabry


Principaux clients

EMZ Partners


Eurazeo Small and Midcap Buy-out


Crédit Mutuel Equity


Oraxys Environment


Andera Partners


Caisse des Dépôts et Consignations


Citizen Capital


Eiffel Essentiel


Trajan


Anchora Transmission


SELT


Founder of Gobocom


Astorg


Soclofi


Principaux dossiers


  • Advised LumApps, the leading next-generation intranet provider, on its legal vendor due diligence in the context of the strategic investment by Bridgepoint, one of the world’s leading quoted private asset growth investors.
  • Advising specialist institutional investor Eiffel Essentiel on a €10m investment in Reforest’Action, a company specialising in reforestation and agroforestry, alongside a €10 million investment by Blisce.
  • Advised the shareholders of iRaiser Group, a European SaaS provider of online fundraising solutions for non-profit organisations, on the combination of iRaiser Group with Leetchi.

Stephenson Harwood

Stephenson Harwood acts for investment funds, strategic groups, family offices, managers and entrepreneurs on LBO transactions. The private equity practice, led by Guillaume Briant and Clotilde Billat, is noted for its strength in structuring majority and minority shareholdings, co-investment arrangements, build-up strategies and management incentive packages, particularly in mid-cap transactions.

Responsables de la pratique:

Guillaume Briant; Clotilde Billat


Les références

‘The team demonstrated professionalism and problem-solving skills.’

‘I worked with Clotilde Billat. The team is dedicated to its client. Fast in execution.’

‘Clotilde Billat knows how to distinguish what’s essential and remain calm during an operation, even under extremely tight deadlines.’

 

Principaux dossiers


Valther

The Valther private equity practice, led by Velin ValevBruno Fiacre and Marie Kanellopoulos, is sought after by investment funds, corporates and strategic investors. Fiacre focuses on the structuring and negotiation of buyouts, including management incentive packages, reinvestments and post-closing matters. Kanellopoulos has extensive experience advising on both majority and minority buyouts, exits and shareholder reorganisations.

Responsables de la pratique:

Velin Valev; Bruno Fiacre; Marie Kanellopoulos


Les références

‘Valther teams are distinguished by their solid market knowledge and commitment to operations, enabling remarkable responsiveness and availability.’

‘We work mainly with Marie Kanellopoulos and Elisabeth de Rinaldis, who stand out for their responsiveness, market knowledge and availability.’

‘Bruno Fiacre made a significant contribution to the discussions with the buyer’s advisors. Bruno had a realistic and practical view of the issues.’

‘Excellent understanding of investment fund expectations during deal negotiations. A dealmaker mindset, focused on solutions to successfully close deals. A proactive and responsive team that thrives in tight deadlines.’

‘Marie Kanellopoulos is proactive, solution-oriented, a dealmaker.’

‘This is a team with exceptional listening skills and a deep understanding of the issues. They have a very good ability to synthesise information. They possess excellent knowledge of our sector. The teams are highly committed to achieving our objectives and protecting our interests.’

 

Principaux clients

DIOT SIACI


GUINIER 1823


DEMARNE EVOLUTION


SC PACK (entrée MML Capital)


CHAPSVISION


OBJECTWARE


QUALI GROUP


SC PACK


GROUPE CARSEY


SOLUTYS CORPORATE


FINANCIERE MARTIN – FIMAR


Principaux dossiers


  • Advised DIOT SIACI on its strategic joint venture with NASCO Insurance Group.
  • Valther advised SC PACK and their founders on the acquisition of a minority stake by MML Capital Partners.
  • Valther advised GROUPE 1823, holding company of the GUINIER group, on its primary LBO.

Veil Jourde

The private equity practice at Veil Jourde is recognised for its ability to handle LBO transactions with cross-border elements. The practice advises both investment funds and management teams, enabling it to navigate sponsor-driven buyouts, management-led transactions and situations requiring a careful balance of investor and operational interests. The practice is co-led by Géraud Saint Guilhem and Laurent Jobert, who bring experience in corporate, M&A and private equity transactions.

Responsables de la pratique:

Géraud Saint Guilhem; Laurent Jobert


Autres avocats clés:

Gabriel d’Amécourt; Vincent Ramel


Les références

‘A remarkable team, responsive, proactive, always there to help us and offer solutions I hadn’t thought of.’

‘I dealt directly with Gabriel d’Amecourt, who provided excellent advice, excellent listening skills, and excellent negotiation skills with colleagues from other financial partners.’

‘The team combines technical excellence, strategic rigour and a deep understanding of the issues at stake in each transaction.’

‘Laurent Jobert, whose pragmatic approach, combined with exemplary responsiveness, makes him a valuable partner for our operations. Attentive to client needs, he anticipates risks, negotiates skillfully, and safeguards the interests of all stakeholders.’

‘Availability, kindness, and efficiency are the strengths of the team that supported us throughout the process.’

‘Gabriele d’Amaincourt was an immense help and provided excellent advice in securing the deal.’

 

Principaux clients

LFPI


NCI


Trail


Idia


Socadif


Unexo


LVMH Luxury Ventures


UI Investissement


Evolem


Amundi Private Equity Transition Juste


Principaux dossiers


  • Advised IDIA, as well as Bpifrance, in the context of a strategic alliance with GJ Vinify to create VINIFY, a leading player in mobile wine bottling.
  • Advised LVMH Luxury Ventures on the acquisition of a minority stake in Molli, a high-end French knitwear brand.
  • Advised Evolem on its acquisition of a majority stake in Investronic Group, a leading provider of robotisation.

VOLT Associés

Boutique firm VOLT Associés specialises in M&A and private equity transactions, providing ongoing support throughout the full investment lifecycle. The firm is co-headed by Lucas d’Orgeval and Emmanuel Vergnaud, who advise on acquisitions including leveraged buyouts and management buyouts, as well as the structuring of mergers, disposals and joint ventures.

Responsables de la pratique:

Lucas d’Orgeval; Emmanuel Vergnaud


Autres avocats clés:

Hervé Bied-Charreton; Samuel Berrebbi; Gamliel Senoussi; Jean-Baptiste Afchain


Les références

‘A highly flexible team offering a comprehensive range of services and the necessary agility for small-cap transactions. They maintain good relationships with management and are meticulous in their documentation and deliverables. Their collaborative approach is traditional yet efficient and organised.’

‘Michael Vergnaud has interpersonal skills and teaching abilities, particularly with management. Francois Jubin has efficiency, negotiation skills, and extensive knowledge of market practices.’

‘Emmanuel Vergnaud has a knack for deals, attentive listening, approachable, and provides balanced recommendations.’

‘A very friendly and competent team!’

‘A very professional, experienced, innovative team in solutions and operations engineering, and very pleasant to work with.’

Principaux clients

Serena Capital


Unigrains


Andera Partners


Arlane (formerly) Vespa Capital


C4 Industries


Eres


Sterimed


Valoria Capital


Andrews Aerospace S.A.


Astrea S.A.


Shareholders of BNetwork


Erium


Groupe Chevrillon


Isalt


FrenchFood Capital


Trajan Capital


Believe


Noe Industries


Weinberg Capital


Principaux dossiers


  • Advised Sterimed historical shareholders and management on the sale of the group to IK Partners and Sagard and on the reinvestment by such shareholders in the SPV set up for the acquisition. The enterprise value exceeds EUR 625 million, with management reinvesting to become the controlling group of shareholder group.
  • Advised Eres Group, consulting and management firm expert in long-term savings, founding shareholders and management on the sale of the group to Eurazeo, a French private equity firm and investment group.
  • Advised the founder and CEO of Believe Digital, a music digitalisation platform and music production, on a buyout transaction encompassing a buyback transaction, followed by a simplified tender offer for Believe’s outstanding shares.