Darrois Villey Maillot Brochier advised the Frans Bonhomme group on its financial reorganization
Paris, 3 August 2020
Darrois Villey Maillot Brochier advised the companies of the Frans Bonhomme group in their negotiations with their creditors and shareholders in order to enable the financial reorganization of Bonhom and its subsidiaries Frans Bonhomme and DMTP. The agreements entered into provide for the recapitalization of Bonhom by its bond creditor Hayfin for an amount of €60 million, the restructuring of Hayfin’s bond debt, the acquisition by Hayfin of Bonhom shares held by Centerbridge, the extension of state-guaranteed loans to Frans Bonhomme and DMTP and an additional commitment by Goldman Sachs International Bank under the revolving credit facility. These new contributions were accompanied by the conclusion of agreements with Point P and Saint-Gobain, DMTP’s commercial partners. Following the recapitalization, Hayfin becomes the new majority shareholder of the Frans Bonhomme group.
These restructuring operations will enable the Frans Bonhomme group, which employs a total of more than 2,850 employees and has a turnover of around 875 million euros, to dispose of the cash needed to finance its activity.
Maître Éric Bauland (BCM & Associés) and Maître Franck Michel (AJAssociés) were the conciliators.
Darrois Villey Maillot Brochier’s team consisted of François Kopf (partner), Mathieu Della Vittoria, Colin Marvaud and Louis Varale on restructuring aspects, Martin Lodéon and Caroline Vernet-Leduc on corporate/M&A aspects, Martin Lebeuf (partner) and Martin Grange on financing aspects, Didier Théophile (partner) and Anne Faber on competition aspects.
Hayfin was advised by Weil, Gotshal and Manges, Centerbridge was advised by White & Case, Saint-Gobain was advised by CMS Francis Lefebvre Avocats and the PGE banks of Frans Bonhomme and Goldman Sachs International Bank were advised by De Pardieu Brocas Maffei..
Darrois Villey Maillot Brochier advises France Rail Industry in connection with its affiliation to the Liberty Steel Group
03 August 2020
Darrois Villey Maillot Brochier advised the Ligue de Football Professionnel on the incorporation of its business subsidiary and the minority investment of CVC in its share capital
27 July 2022
Darrois Villey Maillot Brochier advises Accor in the context of the exclusive negotiations for the sale of 10.8% of Ennismore
23 June 2022