We advised BNP Paribas and Morgan Stanley in relation to a structured disposal for Wendel SE of a 6.7 percent stake in Bureau Veritas SA (a leading provider of inspection and certification services listed on Euronext Paris). The transaction allowed Wendel to monetise this stake while retaining ownership of the shares and associated double voting rights until maturity and to participate partially in any share price increase. This transaction reflects a trend for our clients to use Strategic Equity Solutions (equity derivatives and structured finance techniques) to achieve corporate finance objectives. Our team was led by Daniel Shurman and involved experts from the firm's Derivatives, Equity Capital Markets, Financial Regulatory, Tax and US Securities groups in London, Paris and Frankfurt including Julien Rocherieux, Frederick Lacroix, Marc Benzler, Drew Rundus, Rémy Lefebvre, Katy Parkes, James Koessler, Hélène Kouyate, Florian Guennec, Yash Ranade, Hanène Zemir, Inês Teixeira, Ryan (Chiungting) Lin and Marisa Conner. Learn more here: https://lnkd.in/ezU2Z-yv
