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.
1 July 2019
Deals | France | UK | Banking & Finance | ABS
Gide has advised Deutsche Bank AG as lead manager and arranger of the first ABS transaction of loan receivables granted by Younited Credit to its individual clients based in France.
Closed on 27 May 2019, the transaction has attracted 25 institutional investors for a total amount of 156 million euros.
The transaction has required the setting-up of the fonds commun de titrisation Youni 2019-1 with Eurotitrisation acting as management company and Société Générale Securities Services as custodian.
The seven categories of notes issued by the securitisation vehicle are listed on Euronext Paris and rated by S&P Global Ratings and Moody's. The most senior tranche of notes has received a triple-A rating from the rating agencies.
Gide advised Deutsche Bank with partner Dimitrios Logizidis, working with associates Jérémie Bismuth and Olivia Locatelli. Deutsche Bank was also advised by Latham & Watkins in London.
Linklaters advised Younited Credit
