Mergers and acquisitions
Cross-border
Stallergenes – Greer (2015)
A first for France: the application of the directive on cross-border mergers to the acquisition of a listed company - €1.2 billion value. A tax ruling was obtained to secure the special regime applicable to mergers and partial contributions of assets.
Match – Meetic (2012-2014)
Successive acquisitions of blocks of securities, takeover bid and public repurchase offer – employee-shareholders
JC Flowers – CEP (2011)
Financial leverage acquisition – with a value of €800 million
Rakuten KK – Price Minister (2011)
Acquisition of a French e-commerce company by a Japanese company (with a value of €300 million)
Giga Media – Mangas Gaming (2009)
Contribution of securities and joint-venture between online gaming companies (with a value of USD 100 million)
Newedge (2007)
Joint venture between Crédit Agricole and Société Générale gathering many foreign subsidiaries
Air France - KLM (2004)
Public exchange offer and privatization
Scottish & Newcastle – Brasseries Kronenbourg (2000)
Acquisition of Brasseries Kronenbourg
Aventis (1999)
Merger of Rhöne-Poulenc and Hoechst AG
Altadis (1999)
Merger of Seita and Tabacalera
IBM (1993)
Acquisition of CGI by means of a public exchange offer for the bonds issued by IBM France and convertible into IBM Corporation shares
Arjomari Priou – Wiggins Steape Appleton (1990)
Combination of Arjomari Priou (currently Sequana) and Wiggins Steape Appleton through the transfer of securities and dividend access share
Domestic
SCOR- MRM (2012)
Financial restructuring and takeover of a listed real estate investment company, maintaining its favorable tax treatment – with a value of €260 million
Sanofi- Aventis (2004)
Public exchange offer – with a value of €60 billion
Legris Industries Group (2004)
Public tender offer and delisting
GAN (1998)
Reorganization and privatization of GAN
CIC (1998)
Privatization of CIC
Corporate finance
Placement of a perpetual deeply subordinated notes
SCOR SE (2019)
Placement of a perpetual fixed rate resettable restricted Tier 1 notes issuance in the amount of USD 124,8 million by SCOR SE to be assimilated and form a single series with the existing perpetual deeply subordinated notes in the amount of USD 625 million issued in March 2018.
Two-tier exchangeable bonds
IBM - CGI (1993)
IBM France bonds exchangeable and redeemable for IBM Corp shares issued as part of a public exchange offer for the CGI IT services company. Mentioned in the report of the French Commission for Stock Exchange Operations (COB, Commission des opérations de bourse) 1993
Square D – Schneider SA (1992)
Square D shares convertible into Schneider SA shares - Tax deduction, by the company issuing the basic securities, of the value of the equity resulting from the equity security options of the parent company, without taxation on the latter. Successive roll-over regimes for holders of securities.
Financement LBO
JC Flowers – CEP (2011)
Structure memorandum with taxation model
Restructuring of syndicated loan and subsequent refinancing through the issuance of high yield bonds
Quiksilver (2009-2011)
Structure memorandum
Project finance
Koniambo (2007)
Nickel mining and manufacturing plant. Project agreement approved by the Congress of New Caledonia and the Northern Province. Tax ruling on all the tax and charges applicable to the transaction.
Viaduc de Millau (2007)
Refinancing of the Millau Viaduct 2007 – Caisse des dépôts et consignations
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