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 [email protected]

“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)

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, 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 Coface on tax issues relating to its initial public offering on the regulated market of Euronext Paris; assisting with the restructuring and disposal of the Nacco Group, the largest independent railcar lessor in Europe, to CIT; and advising a syndicate of banks acting as global coordinators and joint book runners on PSA Peugeot Citroën's €3 billion capital increase.

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

Bank Syndicate (2018)

Represented Barclays, BNP Paribas, Citigroup, CACIB, HSBC, Morgan Stanley, Natixis and Société Générale as Joint Lead Managers on 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 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 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.

Icade (2018)

Represented Icade on 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 (2017)

Representation of three French institutional investors in connection with the setting up of the most important French real estate investment fund dedicated to emergency and social housing (Fonds Hémisphère) with a total fund commitment of 100 million euros. We represented CNP Assurances, Cardif Assurance Vie (subsidiary of BNP Paribas), and Aviva Investors.

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.

Fonciere LFPI (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 Group (2015)

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.

Deutsche Bank, J.P. Morgan, Crédit Agricole Corporate & Investment Bank and HSBC (2014)

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.

Banco Santander, BNP Paribas, Citigroup, Crédit Agricole Corporate and Investment Bank, Deutsche Bank, HSBC, Morgan Stanley, Natixis and Société Générale Corporate & Investment Banking (2014)

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 book runners, 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.

Awards & Recognition

Leading Individual: Band 3: Tax – France, Chambers Europe (2017)

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."