Private Capital & Direct Investments.
Counsel to those who have built their capital, and deploy it.
The firm advises those who have built their capital as they deploy it into French businesses, through equity investments, acquisitions and the organisation of their holdings.
The first task is not to draft the documents. It is to tell the client what their matter truly is. A stake presented as a growth round is not always what it appears, and naming it correctly decides how it is protected.
Serving capital that has a face,
not capital that has a mandate.
The transactions conducted by the firm often engage a person, a family, an industrial trajectory. This nature of the clientele requires heightened discretion, a long-term reading of interests, and an economy of words that is learned.
Six moments in the life of capital.
Capital built outside Europe does not enter a French company the way capital born in Paris does. The constraints differ, the reflexes too, and certain errors surface too late.
Rebuild the value before entering
Take a valuation apart piece by piece, separate the real asset from the promise not yet kept, condition the commitment on the delivery of what was announced. One pays for the real, not the promise.
Hold the calendar, target due diligence where the risk sits, negotiate the warranties and conditions, address sector risks before signing rather than after.
Conduct the acquisition end to end
Place each agreement where it holds
An investor preference may live in a class of shares or in a shareholders’ agreement; the choice is not indifferent when a holding company under uniform law meets a French target. Placing each protection in the right instrument is what makes it enforceable on the day it counts.
Agreements, articles, supervisory bodies. Build balances that last between majority and minority, between branches of a family, between founders and investors, so that governance holds when interests diverge.
Hold the balance between partners
Prepare the exit as the entry was prepared
Partial or total disposal, transfer to an acquirer. The exit brings together the economic, the tax and the family in a single equation; one conducts it as a whole, not discovering it on the day.
Articulate French structures with those located in the countries of attachment, anticipate generational transitions, treat sensitive assets upstream.
Organise the patrimony before it demands it
Advise the person
before advising on the transaction.