Bain Capital receives legal counsel from our law firm for the restructuring of debts at Les Hôtels de Paris

Bain Capital receives legal counsel from our law firm for the restructuring of debts at Les Hôtels de Paris

White & Case LLP, a global law firm, has advised Bain Capital on the refinancing of Les Hôtels de Paris (Machefert Group) for approximately €135 million. This significant financial restructuring and refinancing initiative aims to strengthen the financial stability and future growth of Les Hôtels de Paris.

The refinancing deal was completed within a combined restructuring plan approved by the Paris Commercial Court on 11 July 2025. The plan includes a reorganisation plan and an asset disposal plan designed to settle the company's liabilities and finance the group's development. The bonds issued are secured by a post money privilege and a security package, which includes a concerting shareholders' agreement with the Machefert family, the controlling shareholder.

The White & Case team advising on this transaction was led by partners Saam Golshani and Hugues Racovski (based in Paris). The team also included partners Samir Berlat, Brice Engel, Alexandre Jaurett, Clara Hainsdorf (all Paris), Thomas Glauden (Luxembourg & Brussels), and Guilhèm Becvort (Luxembourg). Local partner Ruslana Hrischeva (Luxembourg) and associates Louis Gibon, Victor Menu, Adrien Ahmadi Kermanshahani, Grégoire Berger, Sid-Ahmed Chalane, Thibaut Alibert, Clément Bellaclas, Cécilia Grosjean, Olga Kosno, Claire Sardet, Corentin Traxel, Sophia Fotso, Arvine Nooralian, Anis Bendimred, Thomas Rousset, Arnaud Marquet, and Timothé Lefèvre were also part of the team.

Key Players and Their Specialties

• Saam Golshani specializes in Private Capital, Mergers & Acquisitions, Financial Restructuring and Insolvency, Shareholder Activism, Technology, and Sports.
• Hugues Racovski specializes in Private Capital and Mergers & Acquisitions.
• Samir Berlat specializes in Debt Finance, Private Capital, Financial Restructuring and Insolvency, Bank Lending, Borrower Finance, Financial Institutions.
• Brice Engel specializes in Mergers & Acquisitions, Real Estate, and Financial Institutions.
• Alexandre Jaurett specializes in Employment, Compensation & Benefits, Litigation, Data, Privacy & Cybersecurity, Technology, Media, Financial Institutions.
• Clara Hainsdorf specializes in Intellectual Property, Technology Transactions, Data, Privacy & Cybersecurity, Technology, Artificial Intelligence (AI), Litigation.
• Thomas Glauden specializes in Mergers & Acquisitions, Financial Restructuring and Insolvency, Private Capital, Luxembourg, Technology.
• Guilhèm Becvort specializes in Tax and Investment Funds.
• Ruslana Hrischeva specializes in Tax.
• Louis Gibon specializes in Financial Restructuring and Insolvency.
• Victor Menu specializes in Financial Restructuring and Insolvency.
• Grégoire Berger specializes in Mergers & Acquisitions and Private Capital.
• Sid-Ahmed Chalane specializes in Debt Finance.
• Thibaut Alibert specializes in Debt Finance.
• Clément Bellaclas specializes in Mergers & Acquisitions and Real Estate.
• Cécilia Grosjean specializes in Employment, Compensation & Benefits and Technology.
• Olga Kosno specializes in Intellectual Property, Data, Privacy & Cybersecurity, Technology Transactions, Technology, Artificial Intelligence (AI), Litigation.
• Claire Sardet specializes in Tax and Life Sciences and Healthcare.
• Corentin Traxel specializes in Tax.
• Sophia Fotso specializes in Debt Finance and Capital Markets.
• Arvine Nooralian specializes in Private Capital.
• Anis Bendimred specializes in Litigation and Mergers & Acquisitions.

This comprehensive deal reflects a significant financial restructuring and refinancing initiative aimed at strengthening Les Hôtels de Paris' financial stability and future growth.

[1] Source: White & Case LLP press release, July 2025.

1. White & Case LLP's partnership with Bain Capital, led by Saam Golshani and Hugues Racovski, has successfully completed the €135 million refinancing of Les Hôtels de Paris.
2. The primary objective of this financial restructuring and refinancing is to enhance Les Hôtels de Paris' financial stability and future growth.
3. The reorganization and asset disposal plan, included in the Paris Commercial Court-approved combined restructuring plan on 11 July 2025, aims to settle the company's liabilities and finance its development.
4. The refinancing deal encompasses a post money privilege and a security package, which includes a concerting shareholders' agreement with the Machefert family, the controlling shareholder.
5. The White & Case team also included experts in various areas such as Samir Berlat in Debt Finance, Brice Engel in Real Estate, and Alexandre Jaurett in Litigation, Data, Privacy & Cybersecurity.
6. intellectually-rich associates like Louis Gibon, Grégoire Berger, and Olga Kosno were also part of the team to provide expertise in Financial Restructuring and Insolvency, Mergers & Acquisitions, and Intellectual Property, respectively.
7. Accomplished partners like Clara Hainsdorf and Thomas Glauden bring extensive knowledge in areas like Technology Transactions, Artificial Intelligence (AI), and Tax & Investment Funds.
8. Local partners such as Ruslana Hrischeva and Guilhèm Becvort contributed to the deal with their specialized expertise in Tax and Technology, creating a powerful team that covered all aspects of this significant transaction.
9. The successful closing of this deal involves the collaboration of a diverse team with impressive skills in areas such as Private Capital, Mergers & Acquisitions, Financial Restructuring and Insolvency, Real-estate Finance, and Capital Markets, making it a victory for White & Case LLP and Bain Capital in the complex world of finance, law, and business.

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