Alexandre Ippolito | White & Case LLP International Law Firm, Global Law Practice
Alexandre Ippolito
Alexandre Ippolito

Alexandre Ippolito

Partner, Paris

T +33 1 55 04 15 68

T +33 1 55 04 15 15

E aippolito@whitecase.com

“Good negotiating and communication skills.” “He’s experienced, responsive, a good team leader and speaks very good English. He is always thorough and reliable.” (Chambers Europe 2016)

Overview

Alexandre Ippolito is the Executive Partner of White & Case Paris. His practice has a particular focus on tax law, but he also has experience in French corporate law. He provides knowledge and insight regarding national or cross-border transactions, advising clients across a variety of business sectors, including hospitality, real estate development and insurance.

Alexandre's varied list of clients includes Crédit Agricole, Coface, Marriott, Nestlé, Eren Renewable Energy, Nacco, and various bank syndicates. He works primarily on acquisitions in an industrial or private equity context (structuring, identification and risk management).

He regularly helps to implement fund structures, to defend such structuring in case of investigation by the French tax authorities, to structure funds' investments and to organize management packages.

Alexandre's practice also includes providing counsel for major banks, for whom he reviews acquisition structures in notable transactions (leveraged buyout transactions or public operations), helping them to understand complex structures and to identify related risks.

Recent examples of this work include advising on tax aspects relating to initial public offering on the regulated market of Euronext Paris of SPIE, Mediawan, Maisons du Monde, Europcar, Elis, Coface and Showroomprivé.com.

Alexandre has a stand-alone tax practice, and – working with significant industrial groups – advises on tax optimization, participates in major group restructurings and provides advice to clients regarding significant tax litigations. As an example of his work in this area, he handled a number of disputes for a pharmaceutical company on revenue recognition, thin capitalization, and research tax credit. He also assisted a waste management group on significant litigation on VAT recovery and tax treatment of intangible assets.

In addition to his work for major companies and financial institutions, Alexandre has developed a significant track record supporting private clients (families controlling industrial groups or high profile individuals) with estate planning, major restructuring, and disposal operations.

Alexandre is a member of the Paris Bar Association and the ESSEC Alumni Association.

Bars and Courts

  • Paris Bar

Education

  • Masters in Management, Ecole Superieure des Sciences Economiques et Commerciales (ESSEC), Paris

Languages

  • French
  • English

Experience

€2.4bn cross-European acquisition by BNP Paribas, 2015

Representation of Arval, a fully owned subsidiary of BNP Paribas specializing in full service vehicle leasing, in connection with the French tax aspects of the acquisition of GE Capital's European fleet management activity. The scope of this acquisition covers more than 160 000 vehicles in 12 European countries, the vehicles assets amount to €2.4bn.

LFPI's acquisition of Alliance Hotel Group, 2015

Advising LFPI in connection with the French tax aspects of the acquisition of Alliance Hotel Group from Lone Star. The group comprises twelve hotels, positioned as three and four star offerings, located in Greater Paris as well as key regional cities. With these additional 1,913 rooms, the LFPI Group is able to grow its hotel investment portfolio.

Coface's IPO, 2014

Coface Group benefited from Alexandre's experience in tax law on its initial public offering on the regulated market of Euronext Paris. The IPO was initiated by Natixis, Coface's shareholder, and the offering amounted to approximately €832 million. Coface is a worldwide leader in credit insurance, providing companies around the globe with solutions aimed at protecting them against the risk of financial default by their debtors, on both their domestic and export markets.

Elior IPO, 2014

Alexandre represented a syndicate of banks led by Deutsche Bank, J.P. Morgan, Crédit Agricole Corporate & Investment Bank and HSBC on a range of tax matters with regard to an initial public offering of Elior on the regulated market of Euronext Paris. The maximum amount of the offer was €1.1 billion. Elior is one of the world's leading operators in the contracted food and support services industry, generating revenue of approximately €5 billion.

PSA Peugeot Citroën's €3 billion capital increase, 2014

Alexandre advised a syndicate of banks led by Banco Santander, BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC, Morgan Stanley, Natixis and Société Générale Corporate & Investment Banking, acting as global coordinators and joint bookrunners, on PSA Peugeot Citroën's €3 billion capital increase. The transaction strengthened the group's balance sheet and liquidity while giving PSA Peugeot Citroën the means to undertake key investments in establishing its 'Back in the Race' strategic plan.

Nacco's reorganization and disposal, 2014

Alexandre led a team of the Firm's lawyers that advised Nacco Group, one of the largest independent full service railcar lessors in Europe, on its reorganization, and then Nacco's historical shareholders in the company's disposal. Nacco Group was sold to CIT Group, a global leader in transportation finance, an acquisition which represents CIT's first investment in a European rail franchise.

Boussard & Gavaudan's sale of Cofigeo, 2014

Alexandre provided advice on tax matters relating to Boussard & Gavaudan Holding Limited, a closed-ended investment company, on the sale of its stake in Compagnie des Minquiers, the holding company of the Cofigeo Group.

EDF / Crédit Agricole Assurances' real estate investment in Genevilliers, 2014

Alexandre provided tax advice to EDF Invest (Electricité de France) and Crédit Agricole Assurances in connection with their acquisition, from AG Real Estate, of 80% of the shares of a French company owning a real estate property called Campus Cristal (headquarters of Thales Communication & Security) located in Genevilliers.

Predica (Crédit Agricole Group)'s investment in Eiffage headquarters, 2014

Alexandre also represented Predica on the tax issues of its acquisition from Foncière des Regions of a 50 per cent stake in the entity owning the Eiffage Headquarters in Velizy (France).

Crédit Agricole Assurances' investment in a €2 billion real estate portfolio, 2013-2014

Alexandre assisted Crédit Agricole Assurances on the tax aspects of the setting up of a consortium led by Carrefour to purchase from Klépierre a portfolio of 127 retail galleries for a value of circa €2 billion and on the structuring of this operation.

Generali's disposal of Icare, 2014

Alexandre addressed the tax issues and exposing fraud by Europ Assistance (Generali Group) in the context of the sale of 100% of its shares in the company Icare, a major player in the distribution and management of motor insurance contracts in France, to BNPP Cardif.

AEW Europe's Rubin restructuring, 2013–2014

Alexandre provided tax advice to AEW Europe in connection with the restructuring of the share capital and the existing loans of various SPVs owning real estate assets.

Awards & Recognition

Leading individual: Band 3: Tax – France, Chambers Europe (2016)

Chambers Europe (2016)

"good negotiating and communication skills." One impressed client says: "He's experienced, responsive, a good team leader and speaks very good English. He is always thorough and reliable."