Alicia Bali

Partner, Paris



Alicia Bali is a partner in the EMEA private equity team of our Global Mergers & Acquisitions practice at White & Case.

Fluent in French and English, Alicia is at ease navigating both domestic and cross-border mergers and acquisitions, as well as private equity and venture capital matters, on behalf of multinational clients, including investment funds, investment banks, entrepreneurs, industrials, listed and non-listed companies, and distressed companies.

Alicia has worked on a number of transactions including corporate financial restructuring operations (e.g. the takeover by private equity fund LFPI of Club Med Gym*, the takeover by American fund Davidson Kempner of the Via Location group*, the takeover by Värde Partners fund of the Italian luxury hotel group Boscolo*, the restructuring of the financial debt of the ready-made clothing group Vivarte*). She has also recently worked on several M&A and Private Equity transactions.

Alicia joined the Firm in December 2018 from an international law firms in Paris, where she was an associate in the M&A-Private Equity Group.

*Transactions worked on previous to joining White & Case

Bars and Courts
Master 2 Professional
Université Paris II Panthéon-Assas
M.S.c Strategy and Management of International Business
ESSEC Business School


ORPEA Group (2023)
Representation of the ORPEA Group on its accelerated safeguard plan, which was approved by the Nanterre Specialized Commercial Court on July 24, 2023. 

Revolving Credit Facility (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. on 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.

Davidson Kempner and Triton Partners (2020)
Representation of Davidson Kempner and Triton Partners as shareholders on 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 Crédit Agricole Corporate and Investment Bank, HSBC France, Natixis, Deutsche Bank Luxembourg S.A., Société Générale, Banco Santander, S.A., BNP Paribas, Crédit Industriel et Commercial and Crédit Lyonnais 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. The loan will be guaranteed up to 90 percent by the French state and has an initial maturity of 12 months, with an extension option at the borrower's discretion for an additional three-year period.

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. The loan will be guaranteed up to 90 percent by the French state and has an initial maturity of 12 months, with a one or two-year extension option, exercisable by Air France-KLM. It is the largest of its type in France to date.

Fnac Darty (2020)
Advising 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)
Advising NextStage AM and Mi3 in their equity and debt investment in the Bagatelle Group.

Ho Hio Hen Investissement Outre Mer (2019)
Advising Ho Hio Hen Investissement Outre Mer, a major player of the large-scale distribution in the Caribbean on the sale, along with the Groupe Duval, of an hypermarket (real estate asset and business as going concern) to the group Parfait another major playor of large scale distribution and automotive sector in the Caribbean.

LFPI, fonds d'investissement français indépendant (2019)
Advising LFPI, an independent French investment fund, on the sale of Club Med Gym comprising 21 fitness clubs in Paris and Paris area to Ken Group, holding the luxury fitness club Ken Club, Clay and Blanche in Paris.