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.
7 June 2023
Deals | France | United Kingdom | M&A
Gide has advised the consortium formed by Vauban Infrastructure Partners via funds it manages (Vauban), with a 50.1% stake, and Caisse des Dépôts et Consignations (CDC), with a 49.9% stake, on their entry into exclusive negotiations with Igneo Infrastructure Partners for the acquisition of the entire share capital of Coriance.
Founded in 1998, Coriance builds, develops and operates district heating and cooling networks supplied locally and mainly by renewable energies (such as geothermal energy and biomass) and recovered energy to support in the long term local authorities and industries in their energy transition .
With a portfolio of more than 40 networks in France, Coriance is the 3rd largest player in the French market.
The completion of the transaction is subject to the information-consultation process of Coriance's employee representative bodies and to any necessary regulatory approvals.
The Gide team is led by partner Alexis Pailleret, working with associates Chloé Bouhours and Axel Azoulay on M&A aspects; partner Marie Bouvet-Guiramand and associate Pauline Coulon on project aspects; partner Eric Cartier-Millon, counsel Sarah Whitley and associate Paul Highnam on financing aspects; partner Thomas Courtel, associates Sarah Assayag, Paul Margelidon and Anne-Laure Coirre on public law aspects; counsel Pierre-Guillaume Sagnol on the management incentive scheme; partner Foulques de Rostolan and associate Pauline Manet on employment law aspects; partner Emmanuel Reille, counsel Pierre-Antoine Degrolard and associate Maximilien Rodrigues on regulatory aspects. The London office was also involved on specific M&A aspects, with counsel Matteo Matteucci and on specific financing aspects with associate Rosalie Johnstone.
Vincent Pierret, Céline Filho and Antoine Dobler are part of the Vauban legal team, while Léonard Vielle, Jérôme Goudot and Flora Pitti-Ferrandi are part of the CDC legal team.
Igneo Infrastructure Partners is advised by Clifford Chance LLP (London and Paris teams) and the managers are advised by Jeausserand Audouard.
