Alexandre Ippolito is a Partner in the M&A Corporate practice and is head of the Real Estate, Tax and Labor practices for the EMEA region. His practice has a particular focus on tax law, but he also has experience in French corporate law. He brings knowledge and insight to both national and cross-border transactions, advising clients across a variety of sectors, including hospitality, real estate development and insurance.
Alexandre's diverse list of clients includes Crédit Agricole, Marriott, AEW Europe, BGAM, Solocal, Séché Environnement, Generali, Nacco and various bank syndicates. He works primarily on acquisitions in an industrial or private equity context (structuring, identification and risk management).
He regularly advises on implementing fund structures, to defend such structuring in case of investigation by the French tax authorities, to structure fund investments and to organize management packages.
Alexandre's practice also includes providing counsel to major banks, for whom he reviews acquisition structures in significant transactions (leveraged buyout transactions or public operations), helping them understand complex structures and identify related risks.
Recent examples of this work include advising on the tax aspects of the initial public offerings on the regulated market of Euronext Paris of SPIE, Mediawan and Maisons du Monde.
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 on prominent tax litigation matters. For example, he handles transfer related pricing and other disputes against the FTA, but also disputes among parties in relation to tax risk or liability.
As well as working for major companies and financial institutions, Alexandre's track record includes 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.
Advised Steinhoff Group's main creditors on the tax aspects of the financial restructuring of its subsidiary Conforama, through a €316 million two-tranche bond issue.
BNP Paribas (2018)
Represented SCPI Accimmo-Pierre, a subsidiary of BNP Paribas REIM, on the tax aspects of the acquisition of Fontenay SCI, who holds a building Périgare C (12,000 meters squared) located in Fontenay-sous-Bois (Val-de-Marne), France.
Tikéhau Capital (2018)
Assisted Tikéhau Capital on the tax aspects of the acquisition of ACE management company.
Société Générale Insurance (2018)
Advised Société Générale Insurance (formerly Sogecap) on the tax aspects of the acquisition by Sogecap of 100% of the OPCI Altafund, which holds office premises of 27,000m2 of floor space in Neuilly-sur-Seine. Winner of the MIPIM Awards 2019 "Best Refurbished Building" category.
Bank Syndicate (2018)
Represented Barclays, BNP Paribas, Citigroup, CACIB, HSBC, Morgan Stanley, Natixis and Société Générale as Joint Lead Managers on the tax aspects of the offering of €600 million 1.00 % Notes due 18 October 2024 and €500 million 1.75%. Notes due 18 April 2028 by Capgemini SE. The net proceeds of the issue of the 2024 Notes have been used to purchase part of the existing €1.25 billion 1.75%. Notes issued by the Issuer on 1 July 2015 and maturing on 1 July 2020, following the acquisition thereof by BNP Paribas, as Offeror, by way of tender offer. The net proceeds of the issue of the 2028 Notes will be used by the Issuer for general corporate purposes, including the redemption of the €500 million floating rate notes issued by the Issuer on 1 July 2015 and maturing on 2 July 2018.
Bank Syndicate (2018)
Represented Crédit Agricole CIB, Natixis and Société Générale, as joint bookrunners, on the tax aspects of Nexity's offering of net share settled bonds convertible into new shares and/or exchangeable for existing shares (Obligations à option de Remboursement en Numéraire et/ou en Actions Nouvelles et/ou Existantes) (ORNANE) for a nominal amount of approximately €200 million.
JP Morgan (2018)
Advised J.P. Morgan, acting as Sole Global Coordinator, on the tax aspects of the 2 billion sale by Vivendi of its entire stake in Ubisoft, representing approximately 30.5 million shares and 27.3 percent of Ubisoft's share capital.
Represented Icade on the tax aspects of its €600 Million Bond Issue with a maturity of ten years and an annual coupon of 1.625%. Icade has simultaneously launched a tender offer on three outstanding bond issues on which we also advised, financed with the proceeds of the new bond issue. The bonds will be admitted to trading on the regulated market of Euronext Paris.
CNP Assurances Real Estate Investment Fund (2017)
Representation of CNP, Cardif (BNP Paribas), Malakoff Mederic, Aviva Investors, ERAFP and SMABTP on the tax aspects of structuring a real estate investment. The asset manager and sponsor of the fund is SNI.
Michelin US$ 500 million non-dilutive convertible bonds offering (2017)
Represented Michelin on the tax aspects of its US$ 500 million offering of non-dilutive cash-settled convertible bonds due 2022. The bonds, issued by Compagnie Générale des Etablissements Michelin, will not bear interest and the net proceeds of the issuance will be used for Michelin's general corporate purposes. The bonds, which will be admitted to trading on the Open Market (Marché Libre) of Euronext Paris, have been offered via an accelerated bookbuilding process through a private placement to institutional investors only, outside the US, Australia, Canada, South Africa and Japan.
Leading Individual: Band 3: Tax – France, Chambers Europe (2017)
"A respected practitioner known for advising private clients on matters of estate planning, restructuring and disposal operations." (Who's Who Legal 2017)
"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)