Ashurst has advised Caisse Régionale de Crédit Agricole Mutuel de Paris et d’Ile-de-France (“Crédit Agricole Ile De France”) and Caisse Régionale de Crédit Agricole Mutuel de Nord France (“Crédit Agricole Nord De France”) on the refinancing of the existing LBO debt of the Gras Savoye group.
Gras Savoye is a French insurance and reinsurance broker set up in 1907. Today, it is the largest insurance broker in France and the tenth world broker. With 3,800 employees and a turnover of 555 million euros (2011), Gras Savoye has offices in more than 40 countries and has clients in more than 100.
Ashurst acted as advisor to the lenders on the repayment of Gras Savoye SAS’s existing debt.
The Ashurst team advising the arrangers Crédit Agricole Ile De France and Crédit Agricole Nord De France was composed of partner Diane Sénéchal and associates Pierre Roux, Constance d’Heucqueville, Marie Roche and Sadri Desenne-Djoudi on the banking law aspects. Partner Bertrand Delaunay and associate Sébastien Ouvry assisted on the corporate aspects and partner Nadine Gelli on the tax law aspects.
The Gras Savoye group was advised by Darrois Villet Maillot Brochier A.A.R.P.I. with a team led by partner Martin Le Beuf, assisted by associate Marlène Amiel-Krel, on the banking and corporate aspects and by SJ Berwin with a team led by partner Christophe Digoy on the tax and legal aspects.
