Pascal Bine focuses on a wide variety of transactions, including cross-border M&A, public M&A, capital markets and financing transactions.

Bio

Mr. Bine's experience in cross-border M&A includes the representation of:

  • E.I. du Pont de Nemours in the sale of its global alginate business to Josef Rettenmaier Holding Europa GmbH;
  • Avara Pharmaceutical Services in its acquisition of AstraZeneca’s French manufacturing and distribution operations;
  • StandardAero, Inc., a portfolio company of Veritas Capital, in its acquisition of Vector Aerospace from Airbus;
  • Deluxe Inc. in the purchase of Technicolor’s French digital cinema business and the consolidation of their joint venture agreement for the provision of digital cinema services;
  • IDEX Corporation in its sale of Faure Herman to Le Garrec et Cie and BNP Paribas Development;
  • Hexcel Corporation in its acquisition of Structil from Safran;
  • Bain Capital and Ardian in connection with their participation to the auction sale process of Morpho;
  • DocuSign, Inc. (U.S.) in its acquisition of the Trusted Documents and Transactions activity branch of Keynectis S.A. (France);
  • Nokia Corporation on its merger with Alcatel-Lucent;
  • EMC Corporation in its joint acquisition with its affiliate VMware Inc of a stake in Atos S.E.;
  • JFC Industries S.A. (France) and management in the sale of 100 percent of Duo Industries S.A. to Werner (U.S.);
  • Imerys (France) in its €525 million acquisition of S&B Minerals Group;
  • China Huaxin Post and Telecommunications Economy Development Center (China) in its US$362 million acquisition of the Enterprise business of Alcatel Lucent S.A. (France);
  • Match.com (U.S.) and Meetic (France) in the acquisition of FriendScout 24 GmbH (Germany) and Massive Media N.V. (Belgium);
  • Chiquita Brands International, Inc. (U.S.) in the creation of a joint venture with multinational food products company Danone (France);
  • IAC/InterActiveCorp (U.S.) in its US$113 million sale of Match.com to Meetic (France);
  • The Stanley Works (U.S.) in its €410 million acquisition of Facom (France);
  • Yahoo! Inc. (U.S.) in its €475 million acquisition of Kelkoo (France);
  • Business Objects (France) in its US$1.2 billion acquisition of Crystal Decisions (U.S.); and
  • Renault in the setting up of a RNPO, a single purchasing structure for Renault and Nissan and the Alliance's first corporate joint venture.

Mr. Bine’s experience in cross-border M&A transactions includes the representation of U.S. and U.K. private equity investors in connection with LBO acquisitions, direct financings, fund of funds and secondary investments on the French marketplace. Selected experience includes the representation of:

  • Doughty Hanson & Co. Real Estate (United Kingdom) in its sale of Massalia Shopping Mall SCI (France) to Klepierre SA (France) and a private co-investor;
  • J.C. Flowers & Co in its leveraged acquisition of Compagnie Européenne de Prévoyance (CEP), a leading French loan insurance broker; and
  • Westbrook Partners, a U.S. real estate investment firm, in its US$1.2 billion acquisition of residential real estate assets in Paris from Gecina and Simco.

Mr. Bine’s experience in French public M&A includes the representation of:

  • Mediobanca as financial advisor to Group Bolloré (France) in its public exchange offer on Havas (France);
  • IAC/InterActiveCorp (U.S.) in its €345 million tender offer on Meetic (France);
  • Société Générale (France) in its defense against a threat of a hostile takeover bid;
  • Lazard Frères & Co. as financial advisor to Sierra Wireless (U.S.) in its €218 million cash offer on Wavecom (France);
  • Arcelor (Luxembourg) in its defense against a US$22.8 billion hostile bid from Mittal Steel (Netherlands), its proposed merger with SeverStal (Russia) and its subsequent US$33.8 billion friendly merger with Mittal Steel;
  • J.P. Morgan and BNP Paribas as financial advisors to Suez (France) in its €70 billion merger with Gaz de France (France);
  • Deutsche Bank AG, as financial advisor to Gemalto (Netherlands) in its public exchange offer on Gemplus International (Luxembourg);
  • Business Objects (France) in its US$1.2 billion acquisition of Crystal Decisions (U.S.); and
  • Genuity Inc. (U.S.) on its public exchange offer on Integra (France).

Mr. Bine also has been involved in a number of capital market transactions representing French issuers in IPOs and other equity and debt offerings, including:

  • Wendel (France) in its €520 million institutional private placement of Legrand shares;
  • Renault SA (France) in its US$4.2 billion and US$2 billion institutional private placements of series B and series A shares of Volvo AB (Sweden);
  • Mayroy SA (Luxembourg) in its €139 million institutional private placement of Ipsen shares;
  • Imerys in its €251 million right issue;
  • Capgemini in its €507 million equity offering; and
  • SCOR in its subordinated debt offerings between 2006 and 2016 and its €233 million equity offering.

In addition, Mr. Bine has significant experience in all key aspects of banking and complex structured finance transactions under French law. He represented Air France in connection with its Enhanced Equipment Trust Certificate-type aircraft securitization financing, and SCOR in the negotiation of its stand-by letters of credit and credit revolving facility agreements. He also has been involved in several trade receivable and other asset-based refinancing transactions. Mr. Bine’s experience in banking and structured finance also extends to multijurisdictional bank financing transactions advising both borrowers and lenders in connection with corporate and acquisition financings.

Mr. Bine won the 2012 International Law Office Award for exceptional client service by a capital markets practitioner in France.

Credentials

Education

  • LL.M., Cornell Law School, 1995
  • LL.M., Université de Paris X, Business Law, 1993
  • M.A., Institut d'Études Politiques de Paris, 1988

Admissions

  • Paris

Languages

  • English
  • French

Pascal Bine

Partner, Mergers and Acquisitions; Capital Markets
pascal.bine@skadden.com