Corporate/M&A

France

Regardless of the nature of your company, whether listed or not, French or international, whether you are family group, an institutional investor, an investment fund, a manager, an entrepreneur, a unicorn or a start-up, our priority is resolving your challenges every step of the way through individualised and innovative solutions, with our expertise in the full spectrum of corporate law, putting your world first.

Located at the heart of CMS's strategy, Corporate/M&A has undergone significant expansion in France and internationally, with our dedicated Corporate/M&A team now composed of around 40 lawyers in France and 700 abroad. As such, our firm is able to advise your strategic issues and identify specific risks.

We use the firm's expertise in fiscal and employment law, the presence of the CMS network, and a doctrine team composed of lawyers, law professors from renowned schools (Sorbonne, HEC, Nanterre, etc.) and former government officials (the French Financial Markets Authority (Autorité des marchés financiers – AMF), the french Conseil d’Etat, etc.). We are also involved in authoring a number of articles and reference documents (e.g. Mémento Sociétés Commerciales, Editions Francis Lefebvre). In addition, we participate in consultations organised as part of planned legislative reforms.

Rankings/testimonials: for many years, our Corporate/M&A practice has regularly been listed in the Top 5 of rankings such as Bloomberg, Mergermarket, and Thomson Reuters.

Our practice is also listed in the most widely recognised guides, such as Chambers, IFLR, and Legal 500. For example, our entry in the 2018 edition of Chambers Europe reads: 

The team regularly works with its branches in other jurisdictions to provide cross-border assistance to clients. Often handles matters involving Germany and Africa from its French office due to lawyers with experience in these countries. Also has noteworthy expertise and presence in the CEE region. The team has a solid corporate practice praised for its ability to handle all aspects of transactions, including due diligence support and SPA drafting. Often works with the employment and tax teams to provide full support to clients. Expertise in numerous areas including disposals, joint ventures, mergers and acquisitions. Makes use of its international network on cross-border deals.
Chambers Europe 2018

The team displays 'good flexibility'. The firm manages a large volume of small and medium-sized operations, and intervenes in transactions abroad.
Legal 500 EMEA 2018 

Noteworthy clients: Givaudan, Mediaco, Luxair, Royal Unibrew, Keolis, , EWZ, Saint-Gobain, Axa, Coface, Nissan, Accor, Compagnie Fruitière, General Electric, Vivalto Santé, Générale de Santé, 21 CP, NGE, and more...

CMS Francis Lefebvre Avocats was named “France M&A Legal Adviser of the year 2017” by the Mergermarket European M&A Awards. The awards are granted for creative advisory work on complex transactions. The rigorous judging process starts with an analysis of M&A league table data to identify the top-ranked firms.

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    Compliance

    Compliance has become a major concern for companies and is a key economic issue given the risks of sanctions, damages and to a company’s reputation.

    Our law firm assists you in your compliance program, in France and abroad.

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    Corporate Governance

    Our dedicated team advises and assists companies on any governance related topics on a regular or ad hoc basis.

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    Corporate Law and Financial Market Law

    We have developed a rare and innovative practice and expertise in listed and non-listed corporate law. As such, we deal with all complex issues, particularly equity operations (capital transactions, issuing securities, etc.), reorganisations and restructuring (mergers, contributions, cross-border mergers, international reorganisations, etc.), profit-sharing mechanisms for managers and executives, company governance, and financial markets law (regulated information, market transactions, ECM, DCM, etc.).

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    Mergers & Acquisitions

    We support our clients (industrial players, funds, entrepreneurs, etc.) in M&A cases of all kinds (disposals, acquisitions, spin-offs, private equity, joint ventures, venture capital, etc.). Our department includes lawyers with specific expertise in cross-border transactions involving several countries. For all transactional matters, we rely on the firm’s other areas of expertise in order to provide an extensive and comprehensive approach to our clients.

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    Pan-African Business Law

    Africa plays an increasingly important role in international business, particularly in oil and gas, mining, food exports, manufacturing exports, major infrastructure projects and privatisations. To account for this fact, the legal and tax systems in African countries have evolved substantially in recent years. In Africa, as elsewhere, business law and taxation issues are now core strategic considerations for companies doing business or seeking to do business on the African continent.

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    As­sist­ing you in your cor­por­ate, stock mar­ket, M&A...
    March 2018
    CMS European M&A Study
    Tenth Edi­tion - 2018
    Sep 2018
    CMS European M&A Out­look
    Scan­ning the ho­ri­zon: European M&A Out­look 2018

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    Helen Rodwell
    Sep 2018
    CMS European M&A Out­look
    Scan­ning the ho­ri­zon: European M&A Out­look 2018
    22/11/2018
    New re­port | Con­nec­ted Fu­ture: in­vest­ment op­por­tun­it­ies in the rad­ic­ally...
    Tech­no­logy-driv­en trans­form­a­tions are not only dis­rupt­ing our every­day lives, but are also rad­ic­ally trans­form­ing the in­fra­struc­ture sec­tor. On the one hand, in­nov­a­tion is driv­ing an up­grade of ex­ist­ing in­fra­struc­ture, such as di­git­al; on the oth­er hand, it.
    07/08/2017
    Our Cor­por­ate/M&A Prac­tice
    An In­tro­duc­tion
    21/11/2018
    EU in­sti­tu­tions reach polit­ic­al agree­ment on new EU frame­work for...
    On 20 Novem­ber 2018, ne­go­ti­at­ors for the European Par­lia­ment, the European Com­mis­sion and the Coun­cil reached a polit­ic­al agree­ment on a pro­posed new EU frame­work for screen­ing for­eign dir­ect in­vest­ment (FDI) which will al­low EU Mem­ber States to call for in­vest­ments.
    07/11/2018
    Trans­fers of cross-bor­der re­gistered of­fices: how the mar­ket de­veloped...
    The gen­es­is In 2003, the draft 14th Dir­ect­ive on cross-bor­der trans­fers of re­gistered of­fices was ini­ti­ated by the European Com­mis­sion. It was sub­sequently aban­doned in 2007, par­tic­u­larly due to the res­ist­ance from cer­tain Mem­ber States which were op­posed to.
    13/09/2017
    The ap­plic­a­tion of EU mer­ger con­trol cla­ri­fied: no EC no­ti­fic­a­tion...
    In the first ever pre­lim­in­ary rul­ing on the EU mer­ger con­trol re­gime, the Court of Justice of the European Uni­on ("CJEU") brought much needed clar­ity on wheth­er the shift from sole con­trol to joint con­trol in an ex­ist­ing un­der­tak­ing is covered by the EU Mer­ger.
    26/06/2017
    The Re­cast EU In­solv­ency Reg­u­la­tion be­comes ef­fect­ive today
    Since May 2002, we have had a re­gime which en­sures that an in­solv­ency pro­ceed­ing star­ted in one of the EU’s mem­ber states is, without fur­ther form­al­ity, re­cog­nised in all oth­er mem­ber states (ex­cept for Den­mark) and which de­term­ines the law ap­plic­able to such.
    10/02/2017
    In­dia Budget 2017 - 2018
    On 1 Feb­ru­ary, Fin­ance Min­is­ter Ar­un Jait­ley presen­ted In­dia’s an­nu­al Uni­on Budget for 2017-2018 (the “Budget”) for the fisc­al year be­gin­ning 1 April 2017. The cent­ral aim in this year’s Budget ap­pears to fo­cus on the most vul­ner­able with in­creased spend­ing.
    28/10/2016
    European Com­mis­sion pub­lishes Cor­por­ate Tax Re­form Pack­age, re­launch­ing...
    As part of a Cor­por­ate Tax Re­form Pack­age, the EC has pub­lished four pro­pos­als for Coun­cil Dir­ect­ives. 1. Pro­pos­als to re­launch the Com­mon Con­sol­id­ated Cor­por­ate Tax Base First, the European Com­mis­sion (“EC”) has an­nounced that it is re­launch­ing its pro­pos­al.
    19/10/2016
    European Com­mis­sion pub­lishes a study on minor­ity share­hold­ings for...
    Back­ground On 14 Oc­to­ber 2016, the European Com­mis­sion pub­lished a “sup­port study” pre­pared at its re­quest to in­form its re­view of the EU Mer­ger Reg­u­la­tion (EU­MR) re­lat­ing to minor­ity share­hold­ings.
    13/10/2016
    The European Com­mis­sion seeks views on pro­ced­ur­al and jur­is­dic­tion­al...
    Back­ground On 7 Oc­to­ber 2016, the European Com­mis­sion pub­lished a ques­tion­naire seek­ing feed­back on cer­tain pro­ced­ur­al and jur­is­dic­tion­al as­pects of the EU mer­ger con­trol re­gime. This ini­ti­at­ive fol­lows the Com­mis­sion’s 2014 White Pa­per “To­wards More Ef­fect­ive.
    11/10/2016
    The European Com­mis­sion seeks views on pro­ced­ur­al and jur­is­dic­tion­al...
    Back­ground On 7 Oc­to­ber 2016, the European Com­mis­sion pub­lished a ques­tion­naire seek­ing feed­back on cer­tain pro­ced­ur­al and jur­is­dic­tion­al as­pects of the EU mer­ger con­trol re­gime. This ini­ti­at­ive fol­lows the Com­mis­sion’s 2014 White Pa­per “To­wards More Ef­fect­ive.