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.
6 January 2014
Deals | France - M&A / Finance
Monoprix, the retail chain owned by Casino, has issued bonds redeemable in shares (ORA) for a total of EUR 500 million. This issue strengthens its equity base and provides the resources necessary to finance its long-term development.
The ORA bonds will mature in three years and are fully subscribed by Crédit Agricole Corporate and Investment Bank (CACIB).
Casino has a purchase option on these ORA, which it may exercise, in part or in full, between June 2014 and October 2016. Casino strengthens its financial structure thanks to this operation.
Upon maturity in December 2016, the ORA bonds will be redeemed in newly issued Monoprix preferred shares, representing 21.2% of the issuer’s capital. These preferred shares will give the right to a supplementary dividend.
Legal counsel to Casino and Monoprix:
Gide Loyrette Nouel: Antoine Lelong and Antoine Tézenas du Montcel (partners), Stéphanie de Robert-Hautequère, Ana de Matos-Canelas, Maud Harreau and Adrien Guiraud (associates) on corporate aspects; Jean-Marc Desaché, Arnaud Duhamel (partners), Vincent Ramel and Romain Quérenet de Bréville (associates) on financing aspects; Yann Utzschneider (partner) and Mickaël Rivollier (associate) on competition aspects.
Casino also received legal counsel from Jones Day: Alban Caillemer du Ferrage (partner), Qian Hu (Of Counsel) and Florent Bouyer (Counsel).
Legal counsel to CACIB:
De Pardieu Brocas Maffei: Guillaume Touttée (partner), Elise Obadia and Romain Boyet (associates) on corporate aspects; Corentin Coatalem (partner) and Aurélie Paneels (associate) on financing aspects; Philippe Guibert (partner) and Laetitia Tolot (associate) on competition aspects.
