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Trio of Arrivals Boosts White & Case's Banking Capabilities
Firm Continues Build-out of its European Leveraged Finance Capabilities

London, Paris, June 28, 2007 ... White & Case has continued to enhance its comprehensive European banking and leveraged finance capabilities with the appointment of partner Clare Calver and two counsel, Massimo Galli and Jonathan Weinberg, who all join the Firm's fast-growing London Banking & Capital Markets Group.

The arrival of Clare Calver also highlights the Firm's response to the continued growth in the European leveraged finance market. Clare, who brings over ten years' bank finance experience including two years working in Paris, will initially be based in London before relocating to White & Case's Paris office.

"The use of Anglo-Saxon style and structure in leveraged finance documentation has gone hand in hand with the growth of the French leveraged finance market and clients are increasingly demanding these capabilities, combined with credible French language skills and an in-depth knowledge of the market. Clare's experience of working in both the London and Paris leveraged finance markets will enable us to meet these demands," commented partner Gilles Peigney, head of White & Case's Paris Banking practice. Clare will concentrate primarily on both London-based banks focusing on the French market and French banks taking lead mandated arranger roles on leveraged finance transactions involving a French target or bidder, an area in which our Paris team has a market leading position.

Counsel Massimo Galli, who will focus on banking and leveraged finance matters, has extensive experience of Italian transactions and will complement the Firm's existing local Italian capabilities through his on-the-ground presence in London. Jonathan Weinberg has extensive experience in restructuring transactions, as well as the banking and acquisition finance arena, and will provide additional senior support in these areas.

White & Case's collective London and Paris banking and leveraged finance team now comprises a total of 90 fee-earners. In the last 12 months the team has acted on a series of high-profile leveraged finance transactions including the following highlight deals either in or related to the French market:
  • advising Kohlberg Kravis Roberts & Co. in connection with the financing for the €5.01 billion tender offer for Pages Jaunes Group;
  • advising BNP Paribas in its role of debt underwriter to UK-based private equity group Bridgepoint's £360 million acquisition of UK active lifestyle brand Fat Face from Advent International;
  • advising JPMorgan Europe Limited, as documentation agent and mandated lead arranger, in providing €1.22 billion of financing to CVC Capital Partners Ltd. and other minority investors for the purchase of all the outstanding shares and warrants of Fraikin Group SAS, the sole shareholder of commercial vehicle hire company Fraikin SAS, from Eurazeo; and
  • advising Calyon, as mandated lead arranger, on the senior debt tranche of Eurazeo's €3.1 billion acquisition of Europcar International S.A.S.U. ("Europcar") from Volkswagen AG, as well as advising Deutsche Bank AG, BNP Paribas, Calyon and Société Générale as initial purchasers of Europcar's €550 million two tranche 144A/Regulation S offering, which was use to part-fund the acquisition.

About White & Case
White & Case LLP is a leading global law firm with more than 2,000 lawyers in 35 offices in 23 countries. Our clients value the breadth and depth of our US, English and local law capabilities and rely on us for their complex cross-border commercial and financial transactions and for international arbitration and litigation. Whether in established or emerging markets, the hallmark of White & Case is our complete dedication to the business priorities and legal needs of our clients.

Contact:
James Martin
Media Relations Mgr EMEA, White & Case
44 0 20 7532 2853/ 44 0 7939 012 011


Alexandra Henderson
Media Relations Executive, White & Case
44 0 20 7532 2848