Alicia Bali
Biography
Overview
Alicia Bali is a partner of our Global Financial Restructuring and Insolvency Practice at White & Case.
With more than 10 years of experience, Alicia is recognized over the French restructuring market and has experience in representing clients in private equity and restructuring transactions in all industries. She advises creditors, debtors and investors on domestic and cross-border complex restructuring matter whether in distressed M&A context or pure insolvency proceedings.
Alicia has recently advised on a significant number of major French restructuring matters amongst which the debt restructuring of Casino, Solocal Group, Emeis (ex Orpea), Rallye, Europcar Mobility Group, Europacorp, Club Med Gym, Via Location group*, Boscolo* and Vivarte*.
She has also advised on several M&A and Private Equity transactions including the investment of Oaktree Capital Partner in Paris Inn and the investment of Metric Capital Partners in GPS.
Alicia joined the Firm in December 2018 from an international law firm in Paris.
She is deeply engaged in the professional network of her field. She is a member of the Woman In Restructuring (WIR) and the Association pour le Retournement des Entreprises (ARE). She is also engaged at European level as a member of INSOL Europe.
*Transactions worked on previous to joining White & Case
Experience
Solocal Group (2024)
Representation of the ad hoc group of bondholders, representing more than two-thirds of the outstanding bonds and including some shareholders, on the negotiation and signing of an Agreement in Principle on the terms of the financial restructuring of Solocal Group, a French digital marketing company.
Golden Tree (2024)
Representation of the Ad Hoc Group of bondholders led by Golden Tree in connection with the financial restructuring of the French listed company Solocal Group SA, local digital communication group, involving in particular a major debt-to-equity swap, a significant new money injection and some governance reorganization.
Citi Bank (2023)
Representation of Citi Bank as security agent of certain facilities of the Casino group companies within the context of the financial restructuring of French listed company Casino Guichard-Perrachon.
ORPEA Group (2022 & 2023)
Representation of ORPEA on a €1,733 bn secured syndicated facility agreement with a core banking pool within the context of a conciliation procedure and representation in its €7bn financial restructuring through a conciliation procedure and an accelerated safeguard procedure (on all aspects, including restructuring but also litigation, corporate and governance aspects).
Metric Capital Partners (2022)
Representation of the Metric Capital Partners investment fund in its minority co-investment alongside MML in Group GPS (Global Packaging Services), a global leader in the circular logistics market.
Revolving Credit Facility debtholders (RCF) (2021)
Representation of the majority of Revolving Credit Facility (RCF) debtholders, including financial institutions and investment funds, on Europcar Mobility Group's financial restructuring and subsequent accelerated financial safeguard.
Oaktree Capital Management, L.P. (2021)
Representation of alternative investment management fund Oaktree Capital Management, L.P. in connection with the investment of a €115.2 million convertible bond issuance to the benefit of hotel asset manager Paris Inn Group and Maison Albar Hotels related to the establishment of a strategic partnership through a hotel investment vehicle named Centaurus.
Hertz France (2021)
Representation of Hertz France in the context of the ongoing chapter of 11 cases opened against Hertz Global Holdings, Inc. and certain affiliates. Hertz and its affiliated brands operate one of the world's largest rental car companies with a total of more than 10,000 locations across North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand. At filing, Hertz held nearly US$19 billion in outstanding debt.
Gabriel Naouri (Financière GN)
Representation of Financière GN in the acquisition of a significant stake alongside other investors in Maisons du Monde.
Louis Dreyfus Armateurs (2020)
Representation of a pool of several banks in connection with the debt restructuring and setting-up of a €60 million State-backed loan to the benefit of Louis Dreyfus Armateurs, a French based company specialised in maritime transportation and other related services.
Davidson Kempner and Triton Partners (2020)
Representation of Davidson Kempner and Triton Partners as shareholders in the sale of VIA Location Group, a provider of fleet management solutions for industrial vehicles, to FRAIKIN Group, a leader in long-term leasing of commercial and industrial vehicles in Europe.
VIVESCIA Group (2020)
Representation of VIVESCIA Group, a cooperative farming and food processing group, on the €865 million refinancing of the Group's loans and bilateral credit lines with a pool of French and international banks.
Consortium of banks (2020)
Representation of the lending banks on the implementation of a €4 billion Term Loan facility guaranteed by the French state for Air France-KLM.
Renault Group (2020)
Representation of the lending banks on the €5 billion Term Loan facility guaranteed by the French state granted to the Renault group.
Air France KLM (2020)
Representation of the lending banks on the implementation of a €4 billion Term Loan facility guaranteed by the French state for Air France-KLM.
Fnac Darty (2020)
Representation of the lenders in connection with a state guaranteed loan (Prêt Garanti par l'Etat) of an amount of EUR 500 million signed by Fnac Darty during COVID-19 crisis.
NextStage AM and Mi3 (2019)
Representation of NextStage AM and Mi3 in their equity and debt investment in the Bagatelle Group.
Ho Hio Hen Investissement Outre Mer (2019)
Representation of Ho Hio Hen Investissement Outre Mer, a major player in large-scale distribution in the Caribbean, in its financial restructuring as well as on the sale, along with the Groupe Duval, of a hypermarket (real estate asset and business as going concern) to the Parfait group, another major playor in the large-scale distribution and automotive sectors in the Caribbean.
Oaktree Capital Management, L.P. (2019)
Representation of the alternative investment management fund Oaktree Capital Management, L.P. in the investment of a €30.5 million convertible bond issuance to the benefit of the Desjouis Group, a social group in shopping malls and other real-estate projects.
LFPI Gestion (2019)
Representation of LFPI, an independent French investment fund, in the sale of Club Med Gym comprising 21 fitness clubs in Paris and the Paris area to Ken Group, holding the luxury fitness clubs Ken Club, Clay and Blanche in Paris.
Zencap and other bondholders (2018)
Representation of the four bondholders in the restructuring of the €60 million financial debt of the group headed by Moret Industries Group, a major world player in primary and secondary processing in the agro-industry for negotiating a conciliation agreement with the other financial creditors of the group.
Davidson Kempner and Triton Partners (2017)
Representation of Davidson Kempner and Triton Partners in the financial restructuring of Via Location.
Benson Eliott (2017)
Representation of the real estate investment funds Benson Elliot in acquiring the Maranatha Group, a group owning many luxury hotels in France and which was placed under reorganization proceedings.
Blue Montain (2017)
Representation of Blue Mountain, the second largest lender of Vivarte, in the second restructuring of Vivarte. Pursuant to this second restructuring, Vivarte, its shareholders and its 170 lenders equitized the whole €800 million reinstated debt and reorganized the group's shareholding and governance.
Värde Partners (2017)
Representation of the $12 billion global alternative investment firm Värde Partners in the acquisition of 100% of the equity of Gruppo Boscolo, the Italian luxury hotel group for over €450m. This transaction is one of the largest deals in the Italian Hotel sector since the global financial crisis.
LFPI Gestion (2016)
Representation of LFPI, an independent French investment fund, on the debt-to-equity swap in the Club Med Gym group, comprising 21 fitness clubs in Paris and the Paris area.
