Latham & Watkins has been recognized as European Finance Team of the Year at The Lawyer European Awards 2021. The firm was also Highly Commended in the Global Firm of the Year category at the prestigious annual awards showcasing the outstanding achievements of firms, teams, and individuals in the European legal industry.
The Lawyer honored Latham for advising members of the cross-holders coordination committee which became the main shareholders of the Europcar group in connection with its complex financial restructuring. The high-profile transaction involved, among other things, a significant deleveraging (including an equitization of €1,050 million euros of high yield bonds), a new money injection in the form of equity and new fleet financing facility, a €670 million refinancing of the company’s revolving credit facility and a CDS auction.
The Latham team was led by Paris restructuring and special situations partner Alexandra Bigot, counsel Thomas Doyen, and associates Célia Jiquel and Eeva Bernard. Advice was also provided on debt and equity capital markets matters by Paris partner Thomas Margenet-Baudry with associate Philippe Tesson; on financing matters by Paris partner Michel Houdayer with associates Aurélien Lorenzi and Fanny Barrière; on securitization and fleet finance matters by London partner Jeremiah Wagner; and on derivatives matters by London partner Jeremy Green. The team was also supported on competition matters by Paris partner Adrien Giraud with associate Clément Pradille and Washington, D.C. counsel Peter Todaro; on compliance matters by London partners Charles Claypoole with associate Thomas Lane, Washington, D.C. partner Eric Volkman and Paris associates Camille Dorval and Daphnée Setondji; and on tax matters by Paris partner Olivia Rauch-Ravisé with associate Jean-Baptiste Bourbier.