Experience

• • Clayton, Dubilier & Rice in the financing aspects of its bid for a controlling stake in Opella, the French-headquartered consumer healthcare company, valuing the company at c.€16 billion.
  • Mobilux in the offering of €250 million aggregate principal amount of 7.00% senior secured notes due 2030 and the concurrent upsize of a revolving credit facility from €139.5 million to €210.0 million.
  • Rexel in the placement of €400 million of 5.250% unsecured senior sustainability-linked notes due 2030.
  • Intact Financial Corporation, the largest provider of property and casualty insurance in Canada and a leading provider of global specialty insurance, in its minority investment in Cartan Trade, the French new credit insurance provider.
  • Clayton, Dubilier & Rice, as existing minority shareholder in SOCOTEC, in the acquisition of a minority stake in SOCOTEC by Mubadala Investment Company and Bpifrance.
  • Clayton, Dubilier & Rice in the financing aspects of its acquisitions of Atalian and OCS to create a global facilities management platform.
  • Carestream Dental, a Clayton, Dubilier & Rice portfolio company and leading provider of dental technology, in the $600 million carve-out sale of its Scanning Technology business to Envista, a leading global dental products company.
  • Clayton, Dubilier & Rice in its acquisition of PwC’s Global Mobility Tax and Immigration Services practice, the global leader in employee tax, immigration, business travel, cross-border managed services, and payroll solutions to multinational organizations and their employees.
  • International Paper, a global producer of renewable fiber-based packaging and pulp products, in the separation and spin-off of its global printing papers business, Sylvamo, and related financing arrangements.
  • Kering in the update of its €6 billion EMTN Programme and numerous drawdowns thereunder.
  • Rexel in its €400 million and €600 million offering of sustainability-linked notes due 2028.
  • TPG in the sale of Adare Pharmaceuticals, a leading specialty contract development and manufacturing organization, to Thomas H. Lee Partners and Frazier Healthcare Partners and the related separation of Adare’s Eosinophilic Esophagitis product into a TPG-backed entity.
  • Clayton, Dubilier & Rice in its investment in SOCOTEC Group, a leading global provider of testing, inspection and certification services focused on asset integrity.
  • Kering in the offering of €550 million bonds exchangeable into existing Puma shares due 2022.
  • Sonos in its acquisition of Snips, an artificial intelligence voice platform.
  • Rexel in its €600 million offering of 2.750% notes due 2026.
  • Ingeus Investments Limited (a subsidiary of Providence Service Corporation) in its sale of its French subsidiary Ingeus SAS to German group LIVIA Corporate Development SE.
  • Rexel in the amendment and extension of its €1.1 billion revolving credit facility, with Crédit Agricole Corporate and Investment Bank as facility agent and swingline agent.
  • Clayton, Dubilier & Rice and Ardian in the €177 million sale of shares in SPIE, representing their last remaining investment in the company.
  • Artémis and Selena in the offering of €500 million bonds exchangeable into existing Puma shares due 2025.
  • Artémis and Archer Obligations in the €375 million offering of non-dilutive cash settled bonds exchangeable into Kering shares due 2023.
  • Rexel in its €500 million offering of 2.125% notes due 2025.
  • Clayton, Dubilier & Rice and its co-investors in the €380 million sale of shares in SPIE.
  • Rexel in its €300 million offering of 2.625% senior notes due 2024.
  • Clayton, Dubilier & Rice in the financing and certain other aspects of its acquisition of BUT, the largest furniture retailer network in France, in a 50:50 partnership with WM Holding, a company related to the XXXLutz Group.
  • Pernod Ricard in its $600 million bond issue due 2026.
  • Rexel in its €650 million offering of 3.5% senior notes due 2023.
  • AltaOne Capital in its acquisition, with Silver Lake, of a 37.6% interest in Cegid Group, valuing the company at ‎€580 million.
  • Pernod Ricard in its €500 million offering of 1.875% notes due 2023.
  • Dover Corporation in its €425 million acquisition of Tokheim Group’s dispensers and systems businesses.
  • Pernod Ricard in the issuance of €850 million 2.000% Notes due 2020.
  • Oaktree Capital Management in the finance aspects of its restructuring of its investment in Viken, a distressed Norwegian shipping group.
  • Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale as joint bookrunners in the €200 million offering of 1.75% equity related bonds due 2020 by Orpéa.
  • Crédit Agricole Corporate and Investment Bank, Natixis, Société Générale, BNP Paribas and CM-CIC Securities as joint bookrunners in the €380 million offering of 4.012% bonds due 2020 by Terisam, a subsidiary of Artémis Group.
  • Pernod Ricard in its $2.5 billion offering of U.S. dollar denominated Fixed-Rate Notes, comprised of $850 million 2.95% Fixed-Rate Notes due 2017, $800 million 4.25% Fixed-Rate Notes due 2022 and $850 million 5.50% Fixed-Rate Notes due 2042.
  • Fonds Stratégique d’Investissement in its sale of 6.8% of the shares of Edenred.
  • Calyon and BNP Paribas in the €610 million offering by Eurazeo of bonds exchangeable into shares of Danone.
  • Dentsu in its €181 million sale of shares in Publicis Groupe to Publicis Groupe.
  • Dover Corporation in its €35 million acquisition of Caldera, a wide-format imaging software company headquartered in France.
  • SPIE in the financing aspects of its initial public offering.
  • Rexel in its €500 million offering of 3.250% senior notes due 2022.
  • Ingenico in its strategic partnership with Fosun International and acquisition by Fosun of a 20% minority stake in Ingenico’s Chinese activities.
  • Ray Investment, whose shareholders are funds controlled by Clayton, Dubilier & Rice, Eurazeo, BAML Capital Partners and Caisse de Dépôt et Placement du Québec, in accelerated book-building offerings of Rexel shares for €470 million in 2012; €640 million, €520 million, €500 and €360 million in 2013; and €500 million in 2014.
  • Poweo in the sale of Verbund’s stake to Direct Energie and subsequent merger.
  • SPIE in its €375 million offering of 11% senior notes due 2019.
  • Clayton, Dubilier & Rice, in its shareholders’ agreement with AXA Private Equity and Caisse de dépôt et placement du Québec in relation to the €2.1 billion acquisition of SPIE from PAI Partners.
  • Najafi Companies in its acquisition of DirectGroup France, Belgium, Switzerland and Québec from Bertelsmann AG.
  • Wendel in its recent joint-disposals with KKR of Legrand shares and in its shareholder agreement with KKR relating to their ownership in Legrand.
  • Pernod Ricard in the financing aspects of its €5.6 billion acquisition of the Vin & Sprit Group, makers of Absolut vodka, from the Kingdom of Sweden in one of the largest cross-border privatizations of 2008.
  • Ingenico in the club deal bank facility for its €270 million acquisition of German payment services provider easycash. The financing consisted of a €210 million term facility and a €60 million revolving facility.
  • JP Morgan, BNP Paribas and Calyon as underwriters in the €600 million offering of bonds issued by Artémis and exchangeable into PPR shares.
  • Pernod Ricard in its €1 billion, €1.2 billion and €800 million bond issues and in its €1 billion share capital increase.
  • Pardus Capital Management in its investments in Valeo and Atos Origin.