Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
24 July 2013
Deals | UK | Structured Finance | Gide Loyrette Nouel LLP advised Crédit Industriel et Commercial (CIC) in a €350 million CLO transaction
Gide advised Crédit Industriel et Commercial (CIC) as an investor and junior collateral manager in a €350 million Collateralized Loan Obligation (CLO) transaction - one of the first to be launched in Europe since the 2008 financial crisis.
One of the first CLO transactions in Europe to launch after the 2008 financial crisis, Carlyle Global Market Strategies Euro CLO 2013-1 B.V. (from global asset manager The Carlyle Group) issued €350 million of several classes of notes listed on the Irish Stock Exchange and rated by Standard & Poor's, along with non-rated subordinated notes. CIC Paris and London invested in various portions of several tranches of this transaction.
The assets securing the Notes consist of a portfolio of senior loans, secured senior bonds, mezzanine loan obligations and high yield bonds managed by CELF Advisors LLP (acting as collateral manager) in consultation with CIC, London Branch as the junior collateral manager. The transaction was arranged by Barclays Bank plc, following a warehousing arrangement implemented by CIC and Carlyle.
Gide Loyrette Nouel LLP advised CIC Paris and London in respect of both the warehousing phase and the subsequent CLO issue with a team comprising partner Dimitrios Logizidis, Will Oliver (senior associate), Christine Rada (associate) and Jeremie Bismuth (associate) for English law matters and partner David Klass and Janice Houghton (associate) for UK tax law matters. Partner Vanessa Tollis advised on US FATCA matters out of Gide's New York office.
