Luxembourg
About
Luxembourg is the largest investment fund centre in Europe and the second largest in the world after the United States, internationally recognized for its modern legal and regulatory framework designed to foster business development.
Most of the transactions we advise on in Europe include elements of Luxembourg law, due to the prevalence of Luxembourg holding company structures.
We advise on a broad range of areas of expertise, with a particular focus on investment funds, private equity, corporate and tax matters. We have extensive experience advising on the structuring and setting up of a broad range of collective and alternative investment funds, including private equity, real estate, infrastructure and debt funds.
Our expertise on the ground is further supported by the extensive experience gained by our Luxembourg qualified lawyers practicing in our Luxembourg desk, and covers the full spectrum of banking and finance, capital markets, restructuring, litigation and EU financial service regulations.
We assist clients across the globe investing in Luxembourg as well as Luxembourg-based clients on their ambitions to expand internationally, enabling their strategy and cross-border transactional activities. Clients look to us for guidance to solve problems, evaluate new opportunities, comply with complex regulations and implement essential business strategies. Our clients include major corporations, leading financial institutions and alternative investment players (private equity, real estate, etc.) as well as privately held companies.
AWARDS & RECOGNITION
"The firm's Luxembourg desk assists international clients with investments in Luxembourg, as well as acting for Luxembourgish clients on cross-border transactions." "The team boasts significant experience in cross-border M&A transactions, as well as in private equity and restructuring mandates." Chambers Global 2021
Highly Recommended for Private Equity, Fund Structuring and Corporate / M&A in Luxembourg (Leaders League 2022)
Ranked #2 for outbound M&A in Luxembourg
by deal volume in 2021 (Bloomberg M&A League Table)
Ranked #1 for Inbound M&A in Luxembourg
by deal value in 2020 (Bloomberg M&A League Table)
Ranked #3 for Private Equity in Luxembourg by deal volume in 2019 (Bloomberg PE League Table)
Experience
Hg Capital
Advised Hg, a specialist private equity investor focused on software and services businesses
- in connection with its investment in smartTrade Technologies, a software dedicated to trading and finance, and
- on its investment in the Septeo Group, a European leader in LegalTech based in Montpellier, France.
Cobepa
Advised privately-held investment company Cobepa
- on its acquisition of a substantial stake in Corsearch, global leader in intellectual property and brand protection, based in New York, from US Audax Private Equity. Cobepa is investing alongside French private equity Astorg, and
- in the disposal and reinvestment of a portion of its investment in Gen II Fund Services ("Gen II") to a consortium of investors including General Atlantic, a leading global growth equity firm, and Hg Capital, a leading global software investor.
Crédit Mutuel Arkéa
Advised French cooperative banking group Crédit Mutuel Arkéa and its subsidiary Arkéa Direct Bank on the disposal of its Luxembourg subsidiary Keytrade Bank Luxembourg S.A. to Swissquote Bank SA, creating the leading bank in Luxembourg for online trading and investing.
Colt Technology Services
Advised Colt Technology Services on the carve-out and subsequent sale of 12 data centers across its Europe portfolio to AtlasEdge. This follows on from other major data center transactions led out of the real estate group, including Project Fairway and the sale of EMEA-wide data center assets for Digital Realty earlier this year.
Oaktree Capital Management
- Advised private equity fund Oaktree Capital Management in the €115,200,000 quasi equity financing of the hotel asset manager Paris Inn, developing and managing a portfolio of 35 hotels in order to refinance certain of its existing indebtedness and new development projects in France.
- Advised Oaktree Capital Management, acting through its investment vehicles OCM Luxembourg ECS S.à r.l. as arranger and ECS Finaria S.à.r.l. as underwriter, on the English and Italian law aspects of the private placement of notes purchased by them and issued by Finaria S.p.A.
RTL Group
Represented RTL Group, Europe's largest broadcaster, on its entry into exclusive negotiations with Groupe TF1, Groupe M6 and Groupe Bouygues to merge the activities of Groupe TF1 and Groupe M6 and create a major French media group.
Triton Partners
Advised private equity investor Triton Partners on its €943,000,000 sale of DSI Underground, the world's leading supplier of ground support products, systems and solutions for the underground mining and tunnelling industry, to Sandvik Group, a high-tech global engineering group offering products and services that enhance customer productivity, profitability and safety.
PPF Group
Represented PPF Group, EC Investments and Rockaway Capital on the sale of jointly held 100 percent shares of Mall Group and WEIDO to Allegro.
Setting up a new PE fund in Luxembourg
Advising the shareholders of Olma Partners SARL with respect to the setting up of Olma Private Equity Fund II, a new private equity fund in Luxembourg (formed as a reserved alternative investment fund (RAIF)).
Cabot Group
Advised Cabot Credit Management Limited on the issuance of €400 million aggregate principal amount of Senior Secured Floating Rate Notes due 2024 by Cabot Financial (Luxembourg) II S.A. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, and listed on the Luxembourg Stock Exchange.
E.ON
Advised E.ON SE on the issuance of Green Bonds with an aggregate principal amount of €1.5 billion. The notes were admitted to trading on the regulated market of the Luxembourg Stock Exchange. E.ON SE will use the net proceeds of the issuance exclusively for Qualified Green Projects as defined in its Green Bond Framework.
CVC Capital Partners
Advised CVC Capital Partners on the financing and M&A aspects of the acquisition of 51.8 percent of publicly listed Recordati SpA (through FIMEI SpA, the family holding company) and subsequent tender, Italy's largest-ever LBO. The debt financing included an innovative dual-tranche €1.3 billion high yield bond issuance by Luxembourg company Rossini Srl.
