Pierre-Hadrien Darriet

Pierre-Hadrien Darriet’s practice focuses on corporate transactions, including mergers and acquisitions, joint ventures and capital markets transactions. Mr. Darriet’s representations include:

• SCOR SE, the fifth-largest reinsurance group worldwide and which is listed on both Euronext Paris and the SIX Swiss Exchange:
• in its successful defense against an €8.3 billion unsolicited takeover proposal from Covéa, a French mutual insurance group and the largest shareholder of SCOR SE; and
• in connection with its defense against claims made by the activist fund CIAM;

• Westfield Corporation, an international retail property group, in connection with its US$24.7 billion business combination with Unibail-Rodamco, Europe’s largest listed commercial property company, through Australian law schemes of arrangement and a stapling of the shares of Unibail-Rodamco with the shares of a Dutch subsidiary. This stapled security structure, which included the shares of a publicly traded French company, was a first under French law;
• Iliad, a listed telecom group and “parent company of French telecom company Free, in connection with the acquisition of a 75% stake in Jaguar Network, a leading developer of technologies for the cloud, telecom and smart cities markets in France;
• L’Occitane International S.A., a global luxury cosmetics group based in Europe and listed on the Hong Kong Stock Exchange, in connection with its proposed acquisition of the Elemis Group for US$900 million, as well as on the financing of the acquisition;
• Renault in the proposed but withdrawn €32.6 billion 50/50 merger transaction with Fiat Chrysler Automobiles; and in connection with matters relating to the Renault–Nissan– Mitsubishi Alliance;
• Daimler in its disposals of certain dealerships in France in connection with the company’s strategic plan for its distribution network;
• the Beaufour family’s trust in connection with the reorganization of the controlling shareholding structure of Ipsen, a French publicly listed pharmaceutical company;
• Silver Lake Partners in its €275 million term loan B and revolving credit facilities in connection with its acquisition of Groupe Meilleurtaux, a leading French online and mobile financial services provider; and
• Air France-KLM in connection with corporate and governance matters relating to the €4 billion recapitalization measures approved by the European Commission in April 2021.