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.
11 May 2016
Deals | France | Capital Markets
Gide has advised the syndicate of banks on Vallourec’s capital increase, via the offering of preferential subscription rights to existing shareholders, for an amount of approximately €480 million. The banking syndicate was led by Banco Santander, BNP Paribas, Crédit Agricole Corporate & Investment Bank, Goldman Sachs International, J.P. Morgan, Natixis and Société Générale Corporate & Investment Banking as Global Coordinators, Lead Managers and Joint Bookrunners, and Nomura as Lead Manager and Joint Bookrunner.
Vallourec is a world leader in premium tubular solutions primarily serving the energy markets, as well as other industrial applications. Vallourec is present in more than 20 countries with over 20,000 employees worldwide. Combined with the simultaneous issue of reserved mandatory convertible bonds for an amount of approximately €514 million, this rights issue enables Vallourec to finalise its global capital increase of approximately €1 billion, as previously announced, with a view to financing the implementation of its strategic initiatives. Bpifrance and Nippon Steel & Sumitomo Metal Corporation (NSSMC) exercised all of their preferential subscription rights and subscribed in the rights issue for a combined amount of approximately €56 million.
The Gide team was led by partner Arnaud Duhamel assisted by Guilhem Richard, Scott Logan and Aude-Laurène Dourdain.
