The Paris arms of London’s 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 $2.2bn deal saw French real estate company Gecina buy office and residential property company Simco through a mixed cash and shares offer, to create the largest French listed property company.
The $2.9bn 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.
