Raphaël Richard | White & Case LLP International Law Firm, Global Law Practice
Raphael Richard
Raphael Richard

Raphaël Richard

Partner, Paris

T +33 1 55 04 15 15

E rrichard@whitecase.com

“Top-notch legal advice… [with] effective client care by use of a punchy, efficient style. ”

Chambers Europe 2012

Overview

Head of the Bank Finance Practice in Paris, Raphaël offers the benefit of his considerable experience in leveraged acquisition finance, structured finance, corporate finance and syndicated lending.

Clients also value his extensive, hands-on knowledge of financial restructurings, successfully guiding creditors and debtors through complex debt restructuring matters.

A regular team leader, Raphaël is adept at coordinating advice across the Firm's offices to execute challenging domestic and cross-border transactions. Chambers 2014 notes that "he has a strong understanding of market practices, and he always tries to be as creative as possible… [to] find solutions for all parties involved."

Recognized by top legal directories as a leading practitioner, his track record has attracted a client portfolio which includes banking and financial institution giants, such as BNP Paribas, Crédit Agricole CIB, Natixis, Société Générale, Bank of America Merrill Lynch, Commerzbank, Deutsche Bank and HSBC.

Raphaël has also represented major corporate borrowers and investment funds, including Apax, Carlyle, Eurazeo and Wendel Investissement, in an array of financing transactions.

Bars and Courts

  • Paris Bar

Education

  • DESS, Business Law (Droit des Affaires), University of Paris XII
  • Diploma, Economic and Financial Section, Institut d'Études Politiques de Paris
  • Master in Business Law, University of Lyon III

Languages

  • English
  • French

Experience

Fraikin's Acquisition Financing, 2016

Raphaël advised the lenders in connection with the financing of the acquisition of Fraikin (Financiere Truck (Investissement), a holding company of the Fraikin group) by Groupe Petit Forestier.

Banijay Group's Refinancing, 2016

Raphaël represented the arrangers in connection with the refinancing of the existing indebtedness of Banijay Group as part of the merger of Banijay Holding with and into Banijay Group (formerly known as Zodiak Media).

Vivalto's Acquisition Financing, 2016

Raphaël advised the global coordinators, physical bookruners and mandated lead arrangers in connection with the financing of the acquisition of healthcare group Vivalto by a group of shareholders led by CDC International Capital, Mubadala Development Company, MACSF and the management team.

Comexposium's Acquisition Financing, 2015

Raphaël advised a pool of lenders in connection with the financing of the acquisition of Comexposium by private equity firm Charterhouse from Unibail-Rodamco, Europe's largest listed commercial property company, and the Chambre de Commerce et d'Industrie de Paris (The Paris Chamber of Commerce) (CCIP).

Vitalia's Acquisition Financing, 2015

Raphaël advised a pool of lenders in the financing of the acquisition from global private equity giant, The Blackstone Group, of French private healthcare group, Vitalia by Vedici, owned by private equity firm CVC Capital Partners. This merger created Elsan, a major player in the healthcare sector, with more than 81 clinics and a consolidated turnover of circa €1.2 billion.

Acquisition Financing of Safic-Alcan, 2015

Raphaël advised the arrangers to finance the acquisition of Safic-Alcan from the investment firm Parquest Capital. The takeover of the French group Safic-Alcan has been led by its management, with the support from the investment funds Sagard and Euromezzanine.

Arkema's Acquisition of Bostik, 2014

Raphaël advised the original mandated lead arrangers and the original lenders on the €1.74 bilion acquisition by Arkema of Bostik, one of the world’s largest adhesive makers, from energy giant Total.

Delachaux Debt Refinancing, 2014

Raphaël represented the Global Coordinator, Arranger, Agent, Security Agent and B2 Agent in connection with the €770 million refinancing of the existing financial indebtedness of the Delachaux group. This is one of the very first covenant lite financings of this type in France.

Jaccar Holdings' takeover of Bourbon, 2014

Raphaël led the team which advised the banks on the financing of the public takeover bid initiated by Jaccar Holdings on Bourbon shares. The public tender offer was highly successful with more than 14 million shares tendered to the offer launched by Jaccar Holdings following the announcement made by the French Financial Markets Authority in June 2014.

Acquisition of Jardiland by L-GAM Advisers, 2014

Raphaël led the team which advised the lenders on investment fund L-GAM Advisers's takeover of French retailer Jardiland, the domestic market leader in gardening.

PSA Peugeot Citroën's €3 billion syndicated credit facility, 2014

Raphaël led the team which represented the lenders on a new €3 billion syndicated credit facility signed by the French carmaker PSA Peugeot Citroën. The new facility comprises a €2 billion tranche expiring in five years and a €1 billion tranche expiring in three years, with two optional one-year extensions.

Novacap's debut high yield bond issue, 2014

Raphaël advised Novacap International S.A.S. on bank finance aspects of its high yield offering of €310 million senior secured floating rate notes due 2019. Novacap, the multinational diversified chemicals group which produces and distributes chemicals used in everyday products, will use the proceeds from the offering to fully repay existing third party and shareholder indebtedness, and for general corporate purposes.

BNP Paribas' refinancing of Elis' debt, 2013

Raphaël led the international team which advised BNP Paribas, as lender, arranger, facility agent and security agent, on the amend-and-extend transaction which refinanced Elis' debt of €1.897 billion. The deal was executed with the proceeds of a senior secured high yield notes issuance and the proceeds of privately placed Subordinated and PIK notes instruments. Elis is a leading multiservice provider of flat linen, garment, hygiene and well-being services, and is fully-owned by the French private equity firm Eurazeo.

Awards & Recognition

Leading Lawyer, Chambers Europe 2016, Chambers Global 2016

Banking & Finance – France

Leading Individual, The Legal 500 EMEA 2016

Banking & Finance – France