White & Case
  Marianna Sédéfian
Associate
Paris

T: + 33 1 55 04 15 15
F: + 33 1 55 04 15 16
E:
Practice Experience
Marianna Sédéfian is a senior associate in the Energy, Infrastructure, Project and Asset Finance group of the Paris office.

Her principal fields of expertise are Project Finance and Acquisition Finance.

In Project Finance, Marianna has a vast experience assisting banks, French and foreign credit institutions and advising national and international sponsors on their project financing transactions (notably in France and in Africa), generally based on PPP and concession agreements.

In Acquisition Finance, Marianna has assisted French and foreign banks, mezzanine funds, investment funds. She also advises companies on leveraged buyouts transactions, syndicated financings and debt restructuring. Marianna is highly skilled at drafting the financing and the project documentation.

Marianna's recent representative transactions include:

In Project Finance:
  • Advising (as lead adviser) the lenders for the financing of the project company formed by the winning bidder consortium led by Vinci Concessions, in connection with the construction, development and maintenance of the high speed railways between Tours and Bordeaux in France; this financing is one of the more complex infrastructure financing to date, involving State and state-owned entities guarantees, commercial bank debt; EIB financing (including a LGTT tranche) and the French CDC long term financing. This transaction was awarded "Rail Deal of the Year 2011" by Project Finance International;
  • Advising BNP Paribas in connection with the recapitalization of two operating and fully contracted power generation assets in the French Antilles;
  • Advising the Société d'Assainissement de Travaux de Transport et de Maintenance (ATTM) of Mauritania (a 100% subsidiary of SNIM) in connection with the financing of a corporate loan;
  • Advising the Société Nationale Industrielle et Minière (SNIM) of Mauritania in relation to the US$710 million multi-sourced financing (including Islamic finance, as well as export credit agency and a development bank financing) for the expansion of the Guelb II mine and the construction of a new ore carrier port in Nouadhibou, Mauritania. This transaction was named "Deal of the year 2009" by Trade Finance Magazine;
  • Assisting the lenders on the financing of the Prado Sud tunnel construction in Marseille, which is to be built and operated under a concession agreement, by a consortium comprising Vinci and Eiffage (Value € 200 million);
  • Representing Calyon and Natexis on the first PPP financing of four prisons in France. The sponsor is Eiffage and the partnership agreement takes the form of a long-term leasehold with the French State and the Ministry of Justice;
  • Advising Dexia Crédit Local as lender in relation to the renovation project of INSEP (National Institute of Sports and Physical Education). This is the first contract signed by the French State under the June 17th 2004 legislation on public-private partnership contracts;
  • Advising Natixis, Banco Santander Central Hispano, Fortis Banque, ING and Landesbank Hessen-Thüringen Girozentrale (mandated lead arrangers) in relation to the construction project of the French A65 motorway connecting Langon to Pau over 150 kms;
  • Advising a joint venture between Orascom Construction Industries and an Algerian state-owned oil and gas company (Sonatrach), in connection with the €1064 million financing for the construction of a fertilizer plant. The loans were subscribed by Algerian banks led by Banque Exterieure d'Algérie. This transaction was named "African Petrochemicals Deal of the Year 2008" by Project Finance; and
  • Advising ECP Salt Investment Limited in relation to the development and exploitation of a salt project at Assal Lake in Djibouti.

In Acquisition Finance:
  • Advising BNP Paribas in connection with financings (senior and mezzanine) in the amount of approximately €1.7 billion granted to an ad hoc company formed by Wendel Investissement to acquire Matéris Holding Luxembourg and to finance future acquisitions and financial operational needs of the Materis Group;
  • Advising the mandated lead arrangers Calyon, Deutsche Bank AG, London Branch, BNP Paribas and Société Générale in relation to a €2.6 billion senior bridge to asset financing loan and a €250 million senior secured revolving credit facility in connection with the acquisition by Eurazeo of Europcar Group, the leading car rental organization in Europe from Volkswagen AG;
  • Advising KKR in connection with the financings in the aggregate amount of €8.3 billion to fund, inter alia, the tender offer on Pages Jaunes; and
  • Advising JPMorgan Europe Limited, as documentation agent and mandated lead arranger, in providing €1220 million of acquisition financing to CVC and other minority investors in order to finance the purchase of all outstanding shares and warrants of Fraikin Groupe SAS from Eurazeo and other investors.

Bars and Courts
Paris Bar, 2006

Education
Master in International Business Law (DJCE) International option, Business Law Institute Aix en Provence
Maîtrise in Business Law and foreign Languages (English – Russian)

Languages
French
English
Russian
Armenian
Spanish

Citizenship
France