Paul Lombard

Partner

Paris
Willkie Farr & Gallagher LLP
21 boulevard Malesherbes
75008 Paris
T +33 1 53 43 46 71
F +33 1 53 43 46 99
plombardwillkie.com

Paul E. Lombard is a partner in the Corporate & Financial Services Department, Chair of the European Finance Department and heads the acquisition and corporate finance team in Paris. He focuses primarily on acquisition leverage finance and he has particular experience in the integration of innovative financing technology (such as PIK financing and Unirate bonds) into the capital structure. His other focus is debt restructuring and he is also regularly involved in matters in the syndicated loan market.

Mr. Lombard is cited as a leading practitioner in Banking & Finance by Chambers Global (2022) and has been recognized by Chambers Europe (2022) for several years. He is described by clients as "deal-driven and pragmatic", "a problem solver, particularly during negotiations" and "very good and extremely calm."

Mr. Lombard is also recognized as a ‘Leading Individual' in The Legal 500 with clients noting, "Paul Lombard is always agreeable and makes complex problems seem simple" and "Paul's team is incredibly responsive on all of our deals. They are technically excellent, but also demonstrate that they understand the commercial framework in which businesses operate and conduct transactions." He is ranked as ‘Highly Regarded' in IFLR1000 (2022).

Mr. Lombard is also recognized by Best Lawyers 2023 for Banking & Finance Law.

Mr. Lombard is fluent in English and French. 

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Highlights

Paul E. Lombard is a partner in the Corporate & Financial Services Department, Chair of the European Finance Department and heads the acquisition and corporate finance team in Paris. He focuses primarily on acquisition leverage finance and he has particular experience in the integration of innovative financing technology (such as PIK financing and Unirate bonds) into the capital structure. His other focus is debt restructuring and he is also regularly involved in matters in the syndicated loan market.

Selected Significant Matters

Mr. Lombard's significant matters in acquisition leverage finance include advising:

  • Waterland Private Equity in the context of its proposed takeover of the Boncolac Group and Mag’M. (2022).
  • Ardian Private Debt as lender in the context of a financing made available to Eurazéo for the acquisition of VetDev. (2022)
  • Céréa in a financing for the acquisition of Novepan by Sagard. (2022)
  • Five Arrows Principal Investments (FAPI) on the financing of the acquisition of EDH Group, one of the main players in private higher education in France. (2022)
  • Blackrock and Bridgepoint Credit as lenders in a financing to be made available to Antin for the acquisition of Faraday. (2022)
  • BlueGem in a financing for the acquisition of Nutrimuscle. (2022)
  • Groupe Holder in the context of negotiations on new debt financings for parent company of Boulangeries Paul. (2022)
  • Bridgepoint Credit on the financing of the acquisition of Valyantis, a leading global consulting and services firm by Keensight Capital. (2022)
  • DiliTrust on the financing of the acquisition of Hyperlex, a start-up specialized on the analysis and management of contracts. (2022)
  • Ardian for a financing to be made available to Group Résonance. (2022)
  • Barings in the context of a financing for the acquisition of Finexvet. (2022)
  • GSquare and Adental Group (Dentego) in the context of the implementation of a 50M additional commitment and a new financing of several acquisitions. (2022)
  • Eurazeo on an ARR financing for the acquisition of DiliTrust. (2022)
  • Eurazeo in the context of an additional financing to be made available to UTAC CERAM. (2022)
  • Eurazeo and Vitaprotech in the context of a refinancing (2022) Eurazeo in the context of a new financing to be made for the acquisition of iTracing. (2021)
  • Pemberton/Bridgepoint Credit as lenders in the context of a financing for the acquisition of Partners Finances by Bridgepoint. (2022)
  • Latour Capital on a refinancing transaction for Atlas for men, the leading France-based clothing brand, and their shareholder. (2022)
  • Barings in the context of a new financing to be made available to Eurazeo for the acquisition of Groupe Premium. (2022)
  • Astorg and IGM Resins in a new financing. (2022)
  • Labeyrie Fine Foods and its shareholders, including in particular PAI Partners and Lur Berri, in relation to a €520 million refinancing. (2021)
  • Ardian on the sale of Solina, the leading European manufacturer of ingredient and seasoning blends for the food industry, to Astorg (2021)
  • Air France KLM on its €4 billion French State measures to recapitalize Air France and its holding company (2021)
  • Questel and its financial sponsors Eurazeo, IK Investment Partners and Raise Investissement on the contemplated acquisition of NovumIP from Paragon Partners (2021)
  • Eurazeo on the financing of its capital reorganization in iM Global Partner, a global network dedicated to asset management (2021)
  • IK Investment Partners, through its IK Small Cap II Fund, on its contemplated acquisition of a majority stake in LSA Courtage, a leading French online insurance brokerage platform (2021)
  • G-Square and its participation in Argos in the context of a new financing. (2021)
  • Idinvest Partners in the context of a financing to be made available to Valoria International. (2021)
  • The lenders in the context of a financing to be made available to Eurazeo for the acquisition of Altaïr. (2021)
  • LGT PD and Permira in the context of a financing of the acquisition of Skill & You by IK IP and consequently, on a build-up in Spain and a 128M add-on. (2021)
  • Pemberton and Partners Group in the context of a new financing to be made available to Eurazeo for the acquisition of Aroma-Zone. (2021)
  • Ardian as lender in the context of a refinancing of the existing unitranche debt and dividend recapitalization of the ECS group. (2021)
  • Five Arrows PI in the context of a refinancing of the existing unitranche debt of A2Mac1. (2021)
  • Ardian as lender to finance the acquisition by the Cyrus Group of Financière Conseil and its subsidiaries. (2021)
  • ICG Europe VII, an affiliate of Intermediate Capital Group, in its investment in Biogroup, a leading French operator of medical diagnostic laboratories (2020)
  • IK Investment Partners and RAISE Investissement on the sale of Questel, a major worldwide technology player in the area of intellectual property management, to Eurazeo Capital (2020)
  • PAI Partners in connection with its contemplated acquisition of a majority stake in Euronext listed Amplitude Surgical, a French leader on the global surgical technology market for lower-limb orthopedics (2020)
  • A private equity firm in the implementation of the first NAV Facility (Net Asset Value Facility) in France (2020)
  • Bel on its first USPP bond issue under French law with Pricoa Private Capital, a leading US institutional investor. (2020)
  • Barings on the acquisition of financing of Altaïr. (2020)
  • BlueGem Capital Partners on the acquisition financing of the Béaba Group. (2020)
  • Eurazeo and C2S on the acquisition financing of the Polyclinique de Franche Comté and the Polyclinique du Parc. (2020)
  • Eurazeo PME on the acquisition financing of Utac Ceram. (2020)
  • Five Arrows on the acquisition financing of the Dutscher Group by LBO France. (2020)
  • Tikehau in a financing for the acquisition of SP Vie. (2020)
  • Arian Private Debt on the unitranche financing for the acquisition of Cyrus by Bridgepoint Development Capital. (2020)
  • Tikehau Capital on the unitranche financing for the acquisition of Destiny NV by Apax Partners. (2020)
  • Blackrock on the unitranche financing for the acquisition of Graitec by Apax Partners. (2020)
  • Telemos Capital on the finance acquisition through its portfolio company MedEuropa of Centre Catalan d’Oncologie in France. (2020)Tikehau Capital on an additional financing for QCNS Cruise (2019)
  • IK Investment Partners on the refinancing and capital reorganization of I@D (2019)
  • Latour Capital on the refinancing and capital reorganization of Syclef, a leading provider for the design, installation and maintenance services for commercial and industrial refrigeration systems in France (2019)

Prior Experience

Mr. Lombard was previously a senior associate at Allen & Overy LLP in Paris (2001 - 2010), having spent some time in the firm's London office.

Selected Publications and Lectures

Mr. Lombard's recent publications include “ Consideration and acquisition finance: private acquisitions (France)” in Practical Law for Thomson Reuters.