Daniel Hurstel Partner MAIN OFFICE: Paris Willkie Farr & Gallagher LLP 21-23 rue de la Ville l'Evêque Paris 75008, France T +33 1 53 43 4523 F +33 1 40 06 9606

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Daniel Hurstel is a partner in the Corporate and Financial Services Department of Willkie Farr & Gallagher LLP in Paris.  Mr. Hurstel has extensive experience in mergers and acquisitions/capital markets, group restructurings, joint ventures, IPOs and the creation of a wide variety of financial instruments.

Mr. Hurstel represents French and foreign companies in France.  His clients include large French and international corporate and financial institutions, LBO funds, media concerns, and defense and IT companies.

Chambers Global (2008) ranks Mr. Hurstel among the leading individuals practicing corporate/M&A law in France.

Mr. Hurstel was appointed Co-Chair of the Capital Markets Forum of the International Bar Association.  He was also appointed to serve as a member of the Consultative Working Group charged with assisting the European “Expert Group” on the drafting of the European directive on Prospectus and Disclosure Requirements set up by the CESR (Committee of European Securities Regulators). 

Mr. Hurstel frequently speaks and writes on corporate and securities matters.  In 2007 he is serving as a senior lecturer on “Legal Aspects of International Mergers & Acquisitions” at the Institute of Political Studies (Maître de conférence à Sciences-Po).

• Counsel to Wendel in its proposed sale of Editis to Grupo Planeta. (€1 billion)
  
  
• Counsel to GL Events in its acquisition of Expo Indus
  
  
• Counsel to Italian pharmaceutical company Recordati in connection with the acquisition of Orphan Europe (€120 million)
  
  
• Counsel to Tocqueville Finance SA in connection with the reorganization of its shareholdings
  
  
• Counsel to Goldman Sachs, Colony Capital and Merchant Equity Partners in connection with their acquisition of But, the French furniture and electricals business of Kesa Plc (€550 million)
  
  
• Counsel to Thales in connection with the sale of its e-Transactions business lines to Hypercom ($120 million)
  
  
• Counsel to German lab-equipment maker Sartorius AG in its agreement to purchase a controlling stake in French peer Stedim SA and to combine into the latter its biotechnology division
  
  
• Counsel to Thales SA on its $2.2 billion agreement to purchase the satellite activities, transport signalling and critical infrastructure protection of Alcatel SA 
  
  
• Counsel to Paris-based toll roads company Groupe APRR SA in the $3.7 billion IPO sponsored by the French government
  
  
• Advising Bigi Co. on the sale of their participation in Zara Japan Corporation to Inditex
  
  
• Counsel to the investors (funds advised by CVC Capital Partners, Advent and Carlyle) for the LBO of Lafarge Matériaux de Spécialités, now called Matéris
  
  
• Counsel to British Aerospace for a joint venture in the missiles industry 
  
  
• Counsel to Lazard Frères and CAI for the sale of Saint-Gobain’s stake in Essilor and counsel to CAI for a rights offering for Euro Disney
  
  
• Counsel to EADS, the largest European defense company, on various acquisitions, disposals and joint venues
  
  
• Advisor to Bloomberg with respect to regulatory issues relating to trading activities in Europe

• General Overview: Introduction, adoption process, main concepts, strengths and weaknesses of the EU Prospectus Directive - Raising Capital in Europe - The Legal Framework Following the EU Prospectus Directive, Luis de Carlos Bertran for the International Bar Association et Richmond, December 2005
  
  
• Chapter 5: Prospectus regulation in France - Raising Capital in Europe - The Legal Framework Following the EU Prospectus Directive, Luis de Carlos Bertran pour l’International Bar Association et Richmond, December 2005
  
  
• The role of the lawyer in the restoration of market confidence, Securities Law, Newsletter de l’International Bar Association, November 2005
  
  
• Un cadre plus favorable aux introductions en Bourse, La Tribune, March 2005
  
   
• Chapter 'The role of the lawyer in the restoration of market confidence', in 'Droit et Economie de la Régulation - les régulations économiques : légitimité et efficacité', Presses de Science Po et Dalloz, June 2004
  
   
• Qui, du dirigeant ou de l’actionnaire, doit gérer l’entreprise ? L’Agefi, April 15, 2004
  
   
• The Prospectus Directive : Blaming CESR won’t help Europe’s issuers, International Financial Law Review, November 2003
  
   
• La loi Sarbanes-Oxley doit-elle inspirer une réforme du gouvernement d’entreprise en France ? Revue des Sociétés, January / March 2003
  
   
• Les Leçons d’ Enron: Capitalisme, la déchirure.  Collection Autrement Dirigé par Marie-Anne Frison-Roche, February 2003
  
   
• Le nouveau projet de DSI s’oriente vers une déconcentration  L’Agefi, June 26, 2002
  
   
• Public-to-Private, mythe ou réalité? L’Agefi, March 15, 2002
  
   
• Bourse contre ATS:  le régulateur / arbitre va-t-il rester neutre?  L’Agefi, November 28, 2001
  
   
• La Commission européenne réfléchit à l’avenir des marchésfinanciers: est-ce une bonne nouvelle? L’Agefi, November 21, 2001
  
   
• "L'émission de stock-options au vu de l'introduction en bourse" (Issuance of stock options in view of an IPO), Les Echos, July 21, 2000

Selected Speaking Engagements:

• Mondialisation, organized by Thales on September 27, 2007
  
  
• Principales problématiques juridiques soulevées à l’occasion de l’introduction en bourse et de la privatisation des sociétés concessionnaires d’autoroutes, organized by Willkie Farr & Gallagher LLP on October 18, 2006
  
  
• Principales problématiques juridiques soulevées par le dossier APRR, organized by IEP (Sciences Po) on January 26, 2006
  
  
• The Emerging Global Standard for Corporate Compliance Programs, organized by Willkie Farr & Gallagher LLP on June 9, 2005
  
  
• Mergers of Equals / Cross-border Mergers, organized by Lafarge on February 2005
  
  
• Mergers of Equals / Cross-border Mergers organized by EADS on December 2004
  
  
• PtoP and IPO opportunities across Europe : securities techniques kick in, organized by Corporations, Entrepreneurs, Funds & Investors Summit on November 25, 2004
  
  
• Corporate Governance : les limites du contrôle des actionnaires sur les dirigeants, organized by EFE on November 16, 2004
  
  
• Introduction en bourse d’Autoroutes Paris-Rhin-Rhône : aperçu de la réglementation relative à la détention d’informations privilégiées, organized by Autoroutes Paris-Rhin-Rhône on November 4, 2004
  
  
• Advising clients in an expanded Europe: the Financial Services Action Plan and the Accession Countries, organized by the European Lawyer and the International Bar Association (Vienna) on April 30, 2004
  
  
• European Financial Services Forum. Prospectus and transparency directives: EU issuers, organized by the International Financial Law Review (London) on April 21, 2004
  
  
• The restoration of market confidence: should the lawyer have a role ? organized by the World Federation of Exchanges (New York) on October 14, 2003
  
  
• CMF: Corporate Governance forum. Current status of corporate governance issues in France, organized by the Capital Markets Forum (IBA) (San Francisco) on September 18, 2003
  
  
• EU Directives in securities regulation - prospectus and takeover bid directives. Prospectus Directive: Introduction, organized by the International Bar Association (San Francisco) on September 15, 2003
  
  
• Gouvernement d’entreprise: conflits et information de l’ Administrateur, organized by the Capital Markets Forum (IBA) (Paris) on April 22, 2003
  
  
• Gouvernement d’entreprise: l’expérience réglementaire américaine récente doit-elle être reproduite en France?, organized by the Assemblée Nationale, Commission des Lois (Paris) on January 23, 2003
  
  
• Is the Committee of European Securities Regulators (CESR) the solution to the need for a central European Regulator?, organized by the Capital Markets Forum of the International Bar Association (2002 Euro Conference in Frankfurt) on September 26, 2002
  
  
• Quatrième forum de la régulation, organized by the Institut d’Etudes Politiques (Paris) on June 24, 2002
  
  
• How to regulate Alternative Trading Systems?, organized by the International Bar Association (Cancun) on November 2, 2001
  
  
• The art of a hostile defence, organized by the International Bar Association (Cancun) on October 30, 2001
  
  
• EU Passport for Securities Issues, organized by the International Bar Association (Helsinki) on May 11, 2001
  
  
• Du Business Plan à la Bourse L'introduction en Bourse au Nouveau Marché (From business plan to public offering: IPO on the Nouveau Marché) - organized by EFE,  October 4, 2000