Practice Areas

Mastering the complexity of your transactions

Working with investors or managers, our Private Equity team has the thorough knowledge of the complex regulations that is so essential to the success of your transactions and your financing research, as well as a high level of expertise that is recognized by the market.

With its wide range of skills and multidisciplinary approach, our team can design and implement a legal and fiscal strategy that perfectly matches your needs.

Whether dealing with leveraged transactions, investment, development or venture capital operations, or the negotiation and arrangement of managers’ and employees’ equity participation schemes, our Private Equity team works alongside you every step of the way.

Interventions

Our team works on all kinds of leveraged transactions (LBOs, LMBOs, OBOs, etc.) for funds, managers or targets. Its know-how in the area of acquisitions and disposals, combined with its thorough knowledge of financing transactions and equity participation schemes for managers and employees, makes it a trusted partner for your operations.

  • Financing of acquisitions (loan agreements, senior, subordinated, unitranche or mezzanine debt agreements, securities and other guarantees, issues of complex securities);
  • Audits and VDD of legal and tax risks;
  • Negotiation and drafting of legal documentation (partnership agreements, shareholders’ agreements, issuance agreements, warranties of liabilities, etc.);
  • Legal and tax structuring;
  • Advice on the control of concentrations (with the competition team);
  • Regulations (employment, banking, financial, etc.);
  • Organization of investors’ exits (buybacks, IPOs, capital reductions, etc.).

Our team has recognized skills in the negotiation and implementation of managers’ profit-sharing schemes:

  • Stock option plans, bonus shares, founders’ share warrants,
  • Incentive bonuses and co-investment or profit-sharing plans
  • Preference shares, convertible bonds
  • Benchmarking of market practices
  • Negotiation and implementation of managers’ and employees’ equity participation schemes (investment, settlement or reorganization, exit clauses).
  • Renegotiation
  • International management packages

Our expertise in the area of development and venture capital covers the entire transaction cycle. We work alongside businesses, founders and funds (including private equity funds (FCPR) and proximity investment funds (FIP)). We have developed expertise in all aspects of this business segment (with regard to regulatory constraints, investment ratios, tax aspects, etc.):

  • Auditing of legal and tax risks
  • Legal assessment of investment options (governance, equity stakes, IRR, etc.)
  • Drafting and negotiation of legal documentation (investment agreements, partnership agreements, warranties of assets and liabilities, etc.);
  • Legal and tax structuring;
  • Corporate and business documentation associated with capital raising.

Rewards

August Debouzy advises investment funds on LBOs, MBOs and investment. Julien Aucomte and Julien Wagmann co-manage the practice.

Legal 500

« August Debouzy conseille des fonds d'investissement lors d'opérations de LBO ou MBO, ou d'investissement. Julien Aucomte et Julien Wagmann codirigent la pratique ».

Legal 500 EMEA/Paris

Private Equity : LBO

Tier 4

/

Option Droit & Affaires

LBOs, the majority of which relate to businesses of between €50 million and €300 million

Tier 3

Option Droit & Affaires

Innovation Capital

Tier 3

Option Droit & Affaires

Advising managers on LBO transactions

Tier 5/5

/

Décideurs stratégie finance droit

Development Capital

Excellent

Décideurs stratégie finance droit

Tax treatment of LBOs

Excellent

Décideurs stratégie finance droit

Financing of acquisitions (M&A and LBOs)

Strong reputation

Décideurs stratégie finance droit

Risk Capital

Strong reputation

Décideurs stratégie finance droit

Innovation Capital

Strong reputation

Décideurs stratégie finance droit

Small-cap share and convertible capital market

Strong reputation

Décideurs stratégie finance droit

Mid-cap LBOs

Strong reputation

Décideurs stratégie finance droit

LBO advice to management

Well-respected practice

Décideurs stratégie finance droit

Fund structuring

Well-respected practice

Gilles August

Philippe Lorentz

Xavier Rohmer

Julien Wagmann

Julien Aucomte