Jones Day launches Luxembourg fund formation practice in Paris with arrival of partner Catherine Martougin

The global law firm Jones Day has announced the launch of a Luxembourg fund formation practice in Paris. Catherine Martougin has joined the Firm’s Paris Office as a Private Equity Practice partner. She arrives from Arendt & Medernach, the leading law firm in Luxembourg. Her arrival marks an important addition to Jones Day’s European private equity capabilities given her substantial experience in Luxembourg.

Ms. Martougin’s practice focuses on advising fund initiators, managers, investment advisors, and investors, particularly in alternative asset areas, which include private equity, real estate, infrastructure, debt, and other alternative investments within niche strategies. Clients seek her advice on regulatory, financial, securities, and commercial law matters. Ms. Martougin represents clients in approval proceedings with regulators and has significant experience in cross-border transactions, including private acquisitions and disposals, reorganizations, and refinancings. She is well-known and respected for her deep experience in private equity and fund formation matters in Luxembourg—among the most significant fund centers in the world—for clients based notably in the United States, the United Kingdom, and France. More >>

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Clifford Chance advises a consortium of lenders in relation to Glencore’s USD15.25 billion Revolving Credit Facilities

International law firm Clifford Chance has advised a consortium of 60 lenders in relation to Glencore’s USD15.25 bn revolving credit facilities, with HSBC acting as sole coordinators.

The deal involved the refinancing of Glencore’s existing revolving credit facilities signed in June 2014, comprising of a new USD8,450,000,000 revolving credit facilities agreement and an amendment to an existing facility, expanding it to USD6,800,000,000. The new facilities will be used for general corporate purposes. More >>

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Dechert Advises Wells Fargo on Deal with GE Capital Real Estate

Leading international law firm Dechert LLP advised Wells Fargo in relation to its agreement to purchase commercial real estate loans valued at US$9 billion in the United States, UK and Canada from GE Capital Real Estate as part of an overall transaction valued at approximately US$23 billion. Wells Fargo purchased performing first mortgage loans, and private equity firm Blackstone acquired US and European equity assets as well as first mortgage loans in Mexico, Australia and the US, with Wells Fargo providing financing for certain of Blackstone’s acquisitions. More >>

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Mayer Brown strengthens Corporate & Securities practice with addition of Arnaud Pérès and Jean-François Louit as partners in Paris

Mayer Brown announced today that Messrs. Arnaud Pérès and Jean-François Louit will join the firm as partners in the Corporate & Securities practice in Paris.

Arnaud Pérès, who was previously a partner at Davis Polk, has extensive experience in public and private M&A, equity capital markets and complex cross-border restructurings. He has been involved in some of the highest profile transactions in the Paris market. More >>

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Orrick Advises Ubisoft Entertainment in €200M German Private Placement

An Orrick team from Paris and Düsseldorf recently advised Ubisoft Entertainment in its successful placement of a €200 million “Schuldschein” loan, in a private placement governed by German law. Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services with a portfolio of world-renowned brands, including the popular Assassin’s Creed series of games More >>

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Willkie Represents Lenders and Anchor Investors in Vivarte’s €2.5 Billion Restructuring

Deal marks the largest-ever fully consensual lender-led restructuring in France

Willkie represented members of the ad hoc lender committee and anchor investors as part of the financial restructuring of the French fashion retailer Vivarte, marking the largest-ever fully consensual French restructuring. The restructuring involved a debt for equity swap/write off of €2 billion and a €500 million infusion of new money. More >>

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