menu
back
Image1

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 and Equitis Gestion in the establishment of a trust to restructure Archos’ 6m€ debt to the European Investment Bank through the issuance of share subscription warrants (equitization process) (2020)
  • Advising Equitis Gestion in the establishment of a trust to restructure Cybergun’s 12m€ bond debt through the issuance of share subscription warrants (equitization process) (2020)
  • Advising Archos (Euronext Paris) on its new financing by way of notes convertibles into shares with share subscription warrants attached (10 M€), based on a simplified prospectus approved by the AMF (2019)
  • Advising Euromédis Groupe (Euronext Paris) on its convertible bonds issuance with preferential subscription rights (2.8 M€, 2019)
  • Advising Hoffmann Green Cement Technologies on its initial public offering on the market of Euronext Growth Paris (74 M€, 2019)
  • Advising Maroc Telecom on the sale by the Kingdom of Morocco of 8% of Maroc Telecom’s share capital, for a total amount of 8.88 billion dirhams (approximately 825 M€), through a block sale transaction and an offer for sale to the public on the Casablanca Stock Exchange (2019)
  • Advising Global Bioenergies (Euronext Growth) on a capital increase by way of a public offering without preferential subscription rights (17 M€, 2019)
  • 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:

  • Advising Groupe Open (listed on Euronext) on the tender offer for its shares launched by New GO, special purpose vehicle constituted by the managers of Groupe Open and Montefiore, acting in concert (2020-2021)
  • Advising Yorkville on the sale of its stake in TxCell capital (listed on Euronext), in the framework of the tender offer launched by Sangamo Therapeutics for TxCell (2018)
  • 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 April group on the sale of subsidiaries in Latin America and Eastern Europe (2020)
  • 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)

EDUCATION

  • 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