3 April 2014
Deals | France - Restructuring
Gide advises Groupe Partouche, second leading casino operator in France, and its majority shareholder Financière Partouche on the renegotiation of their financial debt.
In the context of the safeguard procedures, Groupe Partouche and Financière Partouche, the holding set up by the Partouche family, have found an agreement with their financial creditors to reschedule their debt. The companies’ draft safeguard plans which include the terms of the agreement must now be approved by the Commercial Courts of Paris (Groupe Partouche) and Valenciennes (Financière Partouche), which must verify that the interests of all the creditors of the companies in question are protected.
Legal counsel to Groupe Partouche and Financière Partouche:
Gide - Gabriel Sonier and Caroline Texier (partners) and Hadrien de Lauriston
Legal counsel to Natixis (Agent), CIC Lyonnaise de Banque and Commerzbank, Financière Partouche and Groupe Partouche creditors:
De Pardieu Brocas Maffei - Philippe Dubois (partner) and Pauline Bournoville
Legal counsel to Oaktree, Financière Partouche and Groupe Partouche creditor:
Bredin Prat - Olivier Puech (partner) and Mathilde Sigel
Legal counsel to Crédit Suisse, Scotia Bank, Idinvest and Bank of Ireland, Groupe Partouche creditors:
Santoni & Associés - Marc Santoni and Bérangère Rivals (partners).