Pierre-Nicolas Ferrand

Overview

Pierre-Nicolas Ferrand is a partner and heads the Finance practice.

His practice is focused on banking and finance, including asset, real estate, renewable energy and acquisition financings, for French and international arrangers and investors. He has represented major financial institutions, commercial companies and investment funds in connection with financings and refinancings, including Barclays, BECM, BNP Paribas, Bank of Ireland, Crédit Agricole CIB, Crédit Foncier de France, Citibank, Morgan Stanley, Natixis, Société Générale.

Pierre-Nicolas Ferrand also has extensive experience in restructuring and insolvency matters. In the recent years, he acted on many high-profile restructuring transactions and insolvency proceedings, in which he represented creditors, debtors, managers, shareholders, investors and trustees-in-bankruptcy.

Experience

Leveraged finance

Deutsche Bank AG, BNP Paribas, Crédit Agricole Corporate and Investment Bank, Natixis and Société Générale on Loxam S.A.S.’s €1.4 billion high yield notes offering.
Nexans on the signature of a €600 million Revolving Credit Facility with 11 of its core banks for a period of five years, thereby extending the tenor of the Group’s access to liquidity until 2023.
Trail Capital in connection with the acquisition of Electropoli through a LBO.
Groupe Ecore in its inaugural offering of €255 million senior secured floating rate notes due 2023 and the company in connection with a new €40 million revolving credit facility.
Sociéte Générale on the sale of Euro Bank to Bank Millennium.
Siparex on its acquisition of a significant minority stake in NG Travel.
Florac on the unitranche financing in connection with the acquisition of Brico Privé SAS.
Morgan Stanley and Cortland Capital Market Services LLC in connection with the financing of groupe Aqua through a credit first lien for an amount of $375 million and a credit second lien for an amount in principal of $150 million including a portability clause.
French companies of groupe Polytan in connection with the refinancing of the group indebtedness.
French companies of Corden Pharma in connection with the refinancing of the groupe’s financial indebtedness.
Bank of New York Mellon plc in connection with the refinancing of groupe Inovyn’s indebtedness.
The lenders in connection with a multi-jurisdiction corporate financing of $40 million for Adare Pharmaceuticals Group.
Bolloré in connection with a syndicated corporate financing of €1.3 billion.
Frostkrone Group, a portfolio company of Emeram Capital Partners and one of Europe’s leading manufacturers of frozen convenience food, in connection with the financing of the acquisition of Piz’Wich, a specialist manufacturer of on-the-go frozen snack products.
Nomura as lead arranger on a €1 billion-equivalent financing backing Caisse de dépôt et placement du Quebec's (CDPQ) acquisition of a significant minority stake in French medical diagnostics company Sebia.
Equistone Partners Europe and its portfolio company Sports Group on its financing for the acquisition of AstroTurf, a leading US manufacturer of artificial turf for sports and leisure facilities.
Interoute Finco plc on its new €275 million term loan facility agreement and its new €75 million revolving credit facility agreement.
J.P. Morgan, BNP Paribas, Credit Suisse, Deutsche Bank and Oddo, in connection with Autodis S.A.’s offering of its €260 million 4.375% senior secured fixed rate notes due 2022 and €260 million senior secured floating rate notes due 2022.

Real Estate Finance

Société Générale, HSBC and CACIB, as Mandated Lead Arrangers, for the financing of the acquisition by a company affiliated with Apollo Global Management, Inc. of a portfolio of 31 hypermarkets and supermarkets properties valued at €465 million.
Société Générale, as arranger and underwriter, in connection with a €100 million term loan facility agreement for the financing of an acquisition program of residential properties in France by vehicles sponsored by GIC and managed by CDC Habitat.
BECM on the refinancing of Gecina, a group that owns, manages and develops property holdings worth 19.3 billion euros at end-2018. This refinancing takes the form of a new revolving credit facility of € 250 million.
BNP Paribas in connection with the financing of the acquisition by Barings Real Estate Advisors of logistics development at the Haies Blanches park in Coudray-Montceaux in the Ile de France region of France.
Deutsche Pfandbriefbank AG (PBB) in connection with the financing of the acquisition by a Belgian group of an office and commercial building located rue Saint-Honoré in Paris, France.
Société Générale in connection with the financing of the acquisition by KIS of Novartis French headquarters.
BNP Paribas as arranger, initial lender and agent on the acquisition financing of a €158 million retail park in the Paris region by Assurances du Crédit Mutuel Vie, Crédit Agricole Assurances and Frey.
Deutsche Pfandbriefbank AG (PBB) as arranger, initial lender and agent on the acquisition financing of a €145 million portfolio of retail parks by Crédit Agricole Assurances and Frey.
BECM in connection with the 2017 €100 million refinancing of Gecina, a real estate listed company.
BECM in connection with the 2016 €100 million refinancing of Group Altarea, a real estate listed company.
BECM in connection with the refinancing for the acquisition by an OPCI structure of a real estate retail portfolio of 70 shops located in various cities in France.
BNP Paribas, as arranger, agent and lender alongside ARKEA Banque Entreprises et Institutionnels, Crédit Agricole Ile de France and INVESTIMO regarding the execution of a €210 million revolving credit facility agreement with a 3-year maturity with French REIT Société de la Tour Eiffel (SIIC).
Natixis, BNP Paribas, BECM and Crédit Agricole CIB as lenders and arrangers on a €400 million secured refinancing for ANF Immobilier, a listed real estate investment company which owns a portfolio of French retail, office, hotel and residential properties in Marseille, Lyon and Bordeaux.
Deutsche Pfandbriefbank AG (PBB), as lender and arranger, on the financing of the acquisition by Crédit Agricole Assurances from Colony Capital group of the new Carrefour France's headquarters.

Restructuring & Insolvency

Allgaier-Group, a worldwide operating automotive supplier and plant engineer, on the reorganization of the group’s financing.
Banque Themis in connection with numerous financial restructurings involving the provision of new money financings in the framework of workout proceedings to a variety of debtors in multiple areas, including fashion, manufacturing and spirits, and generally already subject to reorganization proceedings such as safeguard.
CACIB and a pool of banks including Société Générale, Crédit Lyonnais and Banque Populaire in connection with the restructuring and refinancing of the EMEA operations of surfwear and skatewear retailer Quiksilver through mandat ad hoc and conciliation proceedings.
Japan Nuclear Fuel Ltd. (JNFL), in connection with its investment in French nuclear fuel cycle company, New Areva Holding, which is part of the global restructuring of French nuclear energy group Areva.
Sagemcom in connection with the bankruptcy of the X-Trem Group, distributor of the GO PRO cameras and products.
Altis Semiconductor and its trustees in bankruptcy in connection with its reorganization proceedings (redressement judiciaire).
Aterian Investment Partners, a New York investment fund, in the divestiture of a French subsidiary of one of its participations and subsequent bankruptcy and prepack sale.
A pool of bank led by Crédit Agricole CIB and Crédit Agricole du Morbihan including Société Générale, Crédit Lyonnais, Arkea, BNP Paribas, Natixis and BECM in connection with the refinancing of the indebtedness of Groupe d’aucy.
The various entities of FagorBrandt, a leading group of household appliances in Europe, as debtors with respect to their cross-border insolvency proceedings.
Aurelius Capital Management in connection with the analysis of the financial indebtness of Compagnie Générale de Géophysique (CGG) in view of Aurelius investing into the bond issued by the Group.
Bpifrance in connection with the restructuring of the companies of Acco Group.
ICIG as main shareholder in connection with Calaire Chimie’s insolvency proceedings (redressement judiciaire) of Calaire Chimie in France.