The Paris arms of Allen & Overy (A&O) and New York’s Cleary Gottlieb Steen & Hamilton have advised on one of the largest deals to hit this year’s stagnant French M&A market.
The £1.44bn (e2.3bn) deal saw French real estate firm Gecina buy office and residential property firm Simco through a mixed cash and shares offer to create the largest French-listed property company.
The £1.9bn (e3bn) financing for the deal, one of the largest euro syndicated loans ever, was handled by lead arrangers BNP Paribas, HSBC CCF and the Royal Bank of Scotland, advised by A&O.
