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Cyril

Deniaud

Profile

Cyril Deniaud assists French and foreign players (listed companies, investment funds, institutional investors and banks) on capital market transactions (public takeovers, IPOs, issuances of shares or equity-linked securities, delisting, equity incentive programs for managers and employees, etc.).

Significant experience

Capital markets:

  • Advising Archos (Euronext) on its share capital increase with preferential subscription rights (4.3 M€, 2018)
  • Advising Global Bioenergies (Euronext Growth) on a capital increase by way of private placement (6,2 M€, 2018)
  • Advising Cogelec on its initial public offering on the regulated market of Euronext Paris (41.7 M€, 2018)
  • Advising Aroundtown (Euronext Growth/ Frankfurt Stock Exchange) on its delisting from Euronext Growth Paris (2017)
  • Advising Figeac Aéro on its issuance of ORNANE by way of private placement (€100m, 2017)
  • Advising Novacyt (Euronext Growth Paris) on its dual listing on AIM London, following a reserved share capital increase (€9.7m, 2017)
  • Advising M2i (Euronext Access) on the transfer of the company from Euronext Access to Euronext Growth by way of private placement (€6.8m, 2017)
  • Advising O2i (Euronext Growth) on the issuance of shares with share subscription warrants attached, with preferential subscription rights (€2.7m, 2017)
  • Advising Figeac Aéro (Alternext) on (i) a capital increase of €86.2m following a public offering, (ii) the sale of the shares by the reference shareholder (€10m), and (iii) the transfer of the company on the regulated market of Euronext Paris (2016)
  • Advising Nippon Steel & Sumitomo Metal Corporation in relation to the fund raising of Vallourec for €1bn through a reserved issuance of mandatory convertible bonds and the subscription to a capital increase with preferential subscription rights) (2016)
  • Advising Etablissements Maurel & Prom on (i) its issuance of ORNANE (€253m, 2014) and (ii) a simultaneous buyback of OCEANE maturing in 2014, performed over the counter as part of a reverse bookbuilding process and continued on the stock market in a procedure involving payoff at the same price
  • Advising Bpifrance Investissement on its acquisition of a stake in Serge Ferrari Group, as part of the global investment related to the listing of Serge Ferrari Group shares on the Euronext regulated market in Paris (€38m, 2014)
  • Advising the Fonds Stratégique d’Investissement on its acquisition of a stake as part of a capital increase with preferential subscription rights of Cegedim, a company listed on Euronext Paris (€180m, 2009)

 

Public takeovers:

  • Deal counsel on the simplified tender offer followed by a squeeze out launched by SiegCo for Valtech (listed on Euronext Paris and whose registered office is in the UK) (2017)
  • Deal counsel on the simplified tender offer launched by Hodiall for Radiall (listed on Euronext Paris) in the perspective of its delisting (2017)
  • Advising Montupet (listed on Euronext Paris) on the tender offer for its shares by the Canadian group Linamar (2016)
  • Advising Financière Ampère Galilée on its simplified tender offer for Serma Technologies (listed on Euronext Paris) (2015)
  • Advising Prologue (listed on Euronext Paris) on its public exchange offer for O2i (listed on Alternext) (2015)
  • Advising the BPCE Group on its simplified tender offer for the shares issued by Banque de la Réunion (listed on Euronext Paris) followed by a squeeze out (2015)
  • Advising the Belgian group Solvay on its tender offer for Rhodia (2011)

 

Corporate – Mergers & acquisitions:

  • Advising the Danone group on the sale of one of its European subsidiaries (2017)
  • Advising the April group on the acquisition of a majority stake in the capital of a European insurance broker (2017
  • Advising Danone on the acquisition, in partnership with the Groupe Abraaj, of Fan Milk International, a major player in the manufacture and distribution of frozen dairy products and juices in various counties of West Africa (Ghana, Nigeria, Togo, Burkina Faso, Benin and Ivory Coast) (2013)
  • Advising the Caisse des Dépôts et Consignations on the creation of the French Strategic Investment Fund (2009)

Associations

  • Head of the Stock Market Law division of the think tank “Droit & Croissance” (Law and Growth)

Training

  • Postgraduate Diploma (DESS) in Business and Tax Law – University of Panthéon-Sorbonne (Paris I), 2004
  • SciencesPo Paris, 2002
  • University Centre of Political Studies of Nancy, 2000

archives

« Détermination du bénéficiaire d’une garantie de passif en cas de transfert ultérieur des titres », commentaire de l’arrêt de la Cour d’Appel de Paris du 20 juin 2006 co-écrit avec Fabrice Cohen, publié dans la Revue Trimestrielle de Droit Financier – Edition N°3, janvier 2007