M&A / Build up
We work on all types of mergers and acquisitions transactions. We assist you in understanding and structuring your strategic transactions, such as acquisitions, divestitures, minority stakes, and partnerships.
Our recognized expertise and proactive approach enable us to offer tailored solutions. In build-up transactions, our dual financial and legal expertise allows us to assist you, alongside your financial partner, in designing the acquisition structure:
● We determine the right balance between debt and equity injection.
● We model the dilutive impact of acquisition financial structures.
● We organize the unwinding of the target's management incentive program and the reinvestment of the target's management in the acquiring company.
WHAT WE DO
WHAT WE DO
-
Acquisitions and Divestitures:We assist our clients in completing acquisitions and divestitures, whether total or partial, in France or internationally. We are involved in all stages of these transactions, from auditing to the completion of the transfer of ownership. Our dual legal and financial expertise enables us to propose innovative pricing clause structures.
-
Carve-out :We support management teams in carve-out transactions, familiarizing them with the challenges of an LBO in general and those specific to a carve-out in particular: negotiating the conditions for exiting the selling group (transaction bonus, treatment of incentives established at the selling group level) to prepare for the future investment of the management team in the divested entity.
-
Equity Investment:We assist founders in opening their capital to an investment fund by proposing flexible capital structures that enable our clients to achieve financial re-dilution within a balanced governance framework or, conversely, to retain control.
-
Restructuring Companies:We assist management teams of companies undergoing restructuring with their specific challenges:
● Financial modeling the exit waterfall before and after financial restructuring
● Negotiating new incentive plans based on the injection of new money
● Liquidity conditions -
Capital Markets:We assist our clients in LBO exits through IPOs by negotiating the following elements:
● Unwinding of the existing management incentive program
● Liquidity and lock-up commitments
● Post-IPO governance
● Post-IPO incentive plans