Securitisation & Asset-Backed Finance
Global expertise in securitisation & asset-backed finance
Our team is involved for over twenty years in a wide range of securitisation and asset-backed finance transactions:
- Securitisation of financial receivables and risks (RMBS, consumer loans, SME loans, auto-loans, CMBS, etc.)
- securitisation of trade receivables and factoring
- Non-performing loans (NPLs)
- Whole business securitisation
- Covered bonds
- Securitisation and inventory financing
- Financing of 'exotic' receivables (tax receivables, public subsidies, complex contracts, ESG assets, ...)
- French trust (fiducie)
Our team serves a wide variety of clients in France and abroad, including investment banks, industrial and commercial companies, financial advisors, insurers, local, national and supranational public entities, and more.
Drawing on our teams based in over 40 offices worldwide, we offer an international project management capability, from legal and tax structuring to drafting and negotiating legal documentation.
Our experience enables us in particular to handle with off balance-sheet accounting treatment, tax issues and setting up new structures.
Team mission statement
We are a team of lawyers specialising in securitisation & asset-backed finance. Our mission is to assist our clients in the development of their business.
Alongside them, we find innovative solutions and work in an applied manner so that their interests are fully understood, valued and secured.
We favour a global approach to cases, integrating all areas of law and taxation, as well as commercial, financial, accounting and human aspects. We deliver services characterised by legal excellence, clarity and formal and intellectual rectitude.
Within our team, with our clients and fellow lawyers, we value listening, caring and communication on what matters. We strive for long-term working relationships and trust.
Quotes 2023
Chambers Global & Europe Capital markets : Debt Capital markets : Structured finance | CMS is particularly highly regarded for its debt and structured finance expertise. The law firm assists with the drafting of German or English law-governed security agreements. The team advises issuers or arrangers and dealers on a range of transactions involving Euro PPs, green bonds, the issuance of covered bonds and the establishment of EMTN programmes. The practice offers further experience in trade receivables securitisation, leveraging close ties with offices in the network to advise major French and international banks. |
Legal 500 EMEA Derivatives and structured finance | The Paris CMS Francis Lefebvre derivatives and structured finance group remains a force in the marketplace, bringing strength to advising major domestic and international financial institutions and private equity firms (Crédit Agricole Corporate and Investment Bank, Société Générale, BNP Paribas, My Money Bank/Cerberus) and corporates in gases, retail and mining, on a comprehensive range of matters. The practice utilises two dedicated groups: securitisation and structured finance (led by Grégory Benteux, who brings extensive experience counselling clients on the arranger or originator’s side, and Alexandre Bordenave, a specialist in distressed financings and banking litigation) and derivatives (part of the capital markets team, led by Rosetta Ferrère, who handles share equity and equity-linked products, and capital markets head Marc-Etienne Sébire). Counsel Pauline Larroque brings expertise to ESG derivative instruments. |
Legal 500 EMEA Capital markets : Debt capital markets | The Paris debt and capital markets team at international law firm CMS Francis Lefebvre brings strength to high-value cross-border transactions involving major financial institutions, real estate investment trust companies, insurers, asset managers and corporates in such sectors as logistics and healthcare. Euro private placement market expert Marc-Etienne Sébire heads the practice, which assists with matters ranging from EMTN programmes and covered bonds to hybrid securities and liability management. Other key figures include Rosetta Ferrère, who has expertise in structured bond issues and debt restructuring, and senior associates Yaël Fitoussi and Myriam Issad. |
Legal experts for Securitisation & Asset-Backed Finance
Local market knowledge. Global outlook
We provide future-facing legal advice to help your organisation thrive. Combining local market knowledge and a global perspective, and with lawyers in locations worldwide, your organisation benefits from the expertise it needs, even across borders.
About CMS