Alexandra Bigot

Partner

Paris
Willkie Farr & Gallagher LLP
21-23 rue de la Ville l'Evêque
75008 Paris
T +33 1 53 43 4550
F +33 1 40 06 9606
abigotwillkie.com

Alexandra Bigot is a partner in the Business Reorganization & Restructuring Department, a position she has held since 2003. Alexandra is regularly involved in out-of-court and cross-border restructuring matters on behalf of debtors, sponsors and hedge funds, especially with respect to troubled leveraged buyout (LBO) cases (including loan-to-own strategies) and sales of underperforming or distressed branches of international groups. She also advises investors (corporate investors, hedge funds and recovery funds) seeking investment opportunities in insolvency proceedings and out-of-court restructuring cases. Alexandra has significant previous experience advising private equity funds in LBO acquisitions with regard to corporate, finance and tax matters. She also gained specific experience as a former private equity investor at Lazard.

Alexandra was named “2017 Structured Finance Lawyer of the Year,” “2014 Structured Finance Lawyer of the Year” and "2011 Insolvency and Reorganization Lawyer of the Year" by France's Best Lawyers, all of which were recognized in Les Echos. Since 2012, Alexandra has been ranked by Chambers Europe in the number 1 tier among leading individuals practicing in the area of restructuring/insolvency law in France. She has also been recognized by Chambers Global.

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Highlights

Alexandra Bigot is a partner in the Business Reorganization & Restructuring Department, a position she has held since 2003. Alexandra is regularly involved in out-of-court and cross-border restructuring matters on behalf of debtors, sponsors and hedge funds, especially with respect to troubled leveraged buyout (LBO) cases (including loan-to-own strategies) and sales of underperforming or distressed branches of international groups. She also advises investors (corporate investors, hedge funds and recovery funds) seeking investment opportunities in insolvency proceedings and out-of-court restructuring cases. Alexandra has significant previous experience advising private equity funds in LBO acquisitions with regard to corporate, finance and tax matters. She also gained specific experience as a former private equity investor at Lazard.

Selected Significant Matters

  • Advised CMA CGM in its bid for an asset deal under bankruptcy proceedings of Necotrans
  • Advised Leaseplan in the out-of-court restructuring of Voitures Noires
  • Advised Anchorage, Hayfin and new money lenders in the second out-of-court restructuring of Vivarte (additional €800 million debt-to-equity swap)
  • Advised Macquarie in its distressed purchase of assets from Unitec
  • Advised Dolby Laboratories in the bankruptcy proceedings of X-Gem
  • Advised Camano in its bid for an asset deal under bankruptcy proceedings of Kindy
  • Advised Pillarstone in the out-of-court restructuring of Famar
  • Advised Technip FMT in connection with the out-of court restructuring of Oderbrecht Oil and Gas in Brazil
  • Advised Ardian and the mezzanine Co-com in the out-of-court restructuring of Camaieu (debt-to-equity swap)
  • Advised Aleph Capital in its bid to take over Solocal (listed company)
  • Advised Qualium as main shareholder in the safeguard proceedings of Invicta
  • Advised Solice in its out-of-court restructuring
  • Advised KKR in its bid for an asset deal under bankruptcy proceedings of Gérard Darel
  • Advised BIM main financial shareholder in the safeguard proceedings of El Rancho
  • Advised BUT in its successful bid for an asset deal under bankruptcy proceedings of Fly
  • Advised Fauché in its out-of-court restructuring
  • Advised Apollo and Monarch, who led a lender working group in the completion of Latécoère’s restructuring (debt-to-equity swap on a listed company)
  • Advised the lenders and anchor investors in Vivarte’s €2.5 billion restructuring, the largest-ever fully consensual French restructuring (debt-to-equity swap)
  • Advised Transdev as shareholder of SNCM (ferry operation between Corsica and France)
  • Advised bpifrance as minority shareholder of Mecamidi under financial reorganization
  • Advised Jacques Veyrat (Impala) in its takeover of CPI (European leader of black and white printing), a former “lenders led”
  • Advised Centerbridge and Angelo Gordon in their takeover of Frans Bonhomme through a debt-to-equity swap
  • Advised Ateliers Mériguet in its successful bids for asset deals under bankruptcy proceedings of:
    •  EDM projets (stonework)
    • Ateliers de la Boiseries (woodwork)
  • Advised Hachette Livre in various bankruptcy or distressed M&A matters:
    • bankruptcy of Gibert Jeune (book seller chain)
    • bankruptcy of Sauramps (book seller chain)
    • bankruptcy of Mory (messenger)
    • distressed situation of the real estate promoter of its new head office
    • bankruptcy of Actisisia Retail (Chapitre book seller chain)
    • bankruptcy of Virgin Stores (cultural products outlet chain)
    • bankruptcy of Gérard de Villiers (book editor)
    • bankruptcy of Les Humanoïdes (book editor)
    • sale of BSSL (educational products)
    • sale of Flocnos (book editor)
    • bankruptcy of Anne Carrière (book editor)
  • Advised Jacques Veyrat (Impala) in its bid for the takeover of SAUR (water utilities)
  • Advised Qualium as main shareholder in relation to the financial restructuring of Groupe Quick (fast food chain)
  • Advised Vencorex (chemicals) in its industrial reorganization
  • Advised CDC Entreprises (now bpifrance) as minority shareholder of Loret Telecom (telecom) under safeguard proceedings
  • Advised Arcapita as main shareholder in the financial restructuring of CEPL (logistics)
  • Advised the members of the mezzanine steering committee in the financial restructuring of Consolis
  • Advised CMA CGM in its debt restructuring negotiations
  • Advised ParkSquare as second lien lender in the financial restructuring of Mediannuaire, parent company of Pages Jaunes (yellow pages)
  • Advised EADS :
    • as minority shareholder of Recaero (aeronautic parts) under safeguards proceedings
    • as shareholder in the distressed sale of Sogerma
  • Advised Wendel and its subsidiaries in the financial restructuring of:
    • Materis (building specialties) in its Amend and Extend proposal to its creditors
    • Deutsch Connectors in France and the USA
  • Advised Anovo (repair of electronice devices), a listed company, in its bankruptcy proceedings
  • Advised Butler Capital in its bid for the takeover of Mory (freight company) under bankruptcy proceedings
  • Advised Pragma Capital in various restructuring matters related to its portfolio:
    • financial restructuring (A&E) of La Croissanterie (chain of restaurants)
    • financial restructuring (A&E) of Leyton (cost optimization)
    • financial restructuring (debt for equity swap) of Retif (store layout)
    • financial restructring (A&E) of Trefilaction (DIY products)
    • bankruptcy proceedings of Proven (cleaning products)
  • Advised the main shareholders of Novasep (fine chemistry) in the debt-to-equity swap implemented by its high yield bond holders
  • Advised management’s vehicle in the safeguard proceedings of Helios (SPV held by Apax) in its participation in Sechilienne Sidec
  • Advised Oaktree in its takeover through a debt-to-equity swap of SGD Group, previously held by Sagard and Cognetas
  • Advised Wagon Automotive in its bankruptcy proceedings
  • Advised the senior lenders of Mechachrome under safeguard proceedings in France and equivalent in Canada
  • Advised CVC Capital in the financial restructuring of two portfolio companies:
    • CPI (black and white publisher) in the 1rst lenders-led implemented in France
    • Almar Jalatte (security shoes)
  • Advised PAI, as shareholder, in the financial restructuring of Kaufmann & Broad (property developer)

Prior Experience

Prior to joining Willkie as a partner in 2003, Alexandra was with Fonds Partenaires-Gestion, the management company of the French private equity funds of Lazard Bank, which focuses on majority LBO acquisitions. Here she was responsible for managing portfolio companies and she obtained significant experience handling restructuring matters. From 1991-1999, as a corporate tax lawyer in Willkie’s Paris office, Alexandra specialized in advising private equity funds on an array of corporate, finance and tax matters.

Selected Professional and Business Activities

Alexandra is a member of the board of French turnaround association: Association pour le Retournement des Entreprises (ARE).

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