Gide Loyrette Nouel has gone through a number of significant changes in the past year with the loss of its partnership with Naciri & Associés to Allen & Overy. Consensus is that the firm has been depleted but there are many who believe it will regenerate, thanks in part to its long experience in the country....
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Gide Loyrette Nouel has gone through a number of significant changes in the past year with the loss of its partnership with Naciri & Associés to Allen & Overy. Consensus is that the firm has been depleted but there are many who believe it will regenerate, thanks in part to its long experience in the country.
In 2011/2012 the firm handled a good number of deals covering capital markets and M&A transactions for clients such as Helios Investment Partners, the International Finance Corporation (IFC), Vitol Group and ALAC (World Bank Group's Africa, Latin America and the Caribbean Fund).
The lead partners in the firm are Julien David, who leads on corporate and M&A deals along with senior associate Simon Auquier, and partner Mariam Roussi, who leads many of the banking and finance deals.
Deals
Julien David and senior associate Simon Auquier advised the International Finance Corporation (IFC) and ALAC (World Bank Group's African, Latin American and Caribbean Fund) on a €90 million equity investment into Saham Finances, an insurance company of the Saham Group.
The pair also acted for Vitol Group and Helios Investment Partners on the acquisition of Shell's downstream and distribution businesses and assets (fuels and lubricants) in December 2011, while David assisted Hikma Pharaceuticals on its €81 million acquisition of a 63.9% stake in Casablanca listed Promopharm from a group of shareholders in October 2011. Another notable M&A deal saw David advise Aabar Investments on its acquisition of a €2 billion interest in a joint venture between Qatar Holding, the Kuwait Investment Authority and the Moroccan Tourism Development Fund.
On the banking and finance side, Mariam Rouissi acted for the Tanger Med Port Authority (TMPA) on the €395 million financing from Attijariwafa Bank and advised the Office Chérifien des Phosphates on a €350 million bond issue.
Rouissi was also active for the firm on a number of other banking transactions for clients such as Attijariwafa Bank, on a €150 million facility to the TMPA, and Technopolic Rabatshore on financing for an offshore business park.
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