Capabilities

Financial and capital market regulation

We support our clients (French or foreign companies, family groups and family offices, investment funds and management companies, investment service providers, and financial institutions) throughout all stages of their domestic or cross-border financial transactions.

Areas of Expertise

Public M&A

We provide continuous support in merger and acquisition transactions involving companies listed on regulated markets or multilateral trading facilities (Public M&A). These operations require specialized expertise due to the disclosure and transparency obligations and the market operation rules imposed by securities regulations. We assist our clients in structuring transactions, negotiating agreements, and complying with regulatory procedures.

Public Tender Offers (PTO), Exchange Offers (PEO), and Squeeze-Out Offers (SO)

We guide our clients through the implementation and management of takeovers and share acquisitions, as well as the execution of all types of public tender offers (PTOs), exchange offers (PEOs), and squeeze-out offers (SOs), whether or not accompanied by mandatory buyouts (MBs), which may, in some cases, lead to delisting. We ensure compliance with the requirements of the French Financial Markets Authority (AMF) and protect stakeholders’ interests.

Our services also extend to restructuring operations (mergers, contributions, etc.) and the establishment of joint ventures.

Securities Regulations – Governance

We assist our clients with securities regulation compliance, helping listed companies meet their legal and regulatory obligations. This includes financial disclosure requirements, the prevention of market abuse, and adherence to rules governing securities transactions. We also provide support in dealings with the AMF and other regulatory authorities.

Capital Markets (Equity and Debt)

We assist with market operations involving all types of equity securities, including primary (IPOs) and secondary issuances, as well as a variety of instruments (shares, ABSA, BSA, OCA/ORA, OCABSA, OCEANEs, etc.).

Debt Capital Markets (DCM)

We support our clients in debt market operations, including stand-alone bond issuances, structured issuances, EMTN (Euro Medium Term Notes) programs, NEU CP and NEU MTN programs (Negotiable European Commercial Paper / Medium Term Notes), and Euro PP (Euro Private Placement). Our assistance covers the structuring of issuances and the drafting of contractual documentation.

AMF Sanctions

We represent our clients in proceedings initiated by the AMF in cases of alleged breaches of financial regulations (e.g., market abuse such as insider trading or deficiencies in market disclosures and professional obligations).

Examples of securities law and capital markets support

Regular Support for Public Offers (PTOs/SOs) and/or Delisting

Advised Titus Finance on the public buyout offer (Squeeze-Out) targeting the shares of Financière et Immobilière de l’Étang de Berre et de la Méditerranée (FIEBM).

Advice on Equity or Bond Issuances

Assisted a listed real estate development group with various restructuring operations through mergers and partial asset contributions, including obtaining an exemption from filing a mandatory public offer.

Strategic Assistance in a Public Buyout Offer and Mandatory Buyout

Supported the holding company Groupe Visiodent and Hivista in the public buyout offer followed by a mandatory buyout targeting the shares of Visiodent.

Advisory Services for Bond Financing Programs for Unédic

Advised Unédic on (i) the implementation and periodic updates of its EMTN, NEU CP, and NEU MTN programs and (ii) the execution of all bond issuances under these programs.

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