CHG Participations and PAI Partners entered into exclusive negotiations with the American fund JC Flowers & Co regarding the sale of their holdings in CEP, Compagnie Européene de Prévoyance, a French leader in loan insurance broking. The founding president of CEP, Hubert Guillard, and the managers will reinvest in J.C Flowers & Co.
Ashurst LLP advised CHG Participations and Hubert Guillard with partners Nicolas Barberis and Guy Benda for the corporate aspects, assisted by associate Julien Rebibo and partner Diane Sénéchal and associate Stéphanie Vannier for the financing aspects. Partner Nadine Gelli managed the tax aspects.
Willkie Farr & Gallagher LLP advised PAI Partners with partner Christophe Garaud, European Counsel Jeffrey Fouts, and associates Grégory de Saxcé and Élise Carrera for the corporate aspects. European Counsel Philippe Grudé managed the tax aspects while European Counsel Paul Lombard managed the financing.
JC Flowers & Co was advised by Skadden. The Skadden team was led by Christopher Baker and Pascal Bine and comprised Matthias Boizard, Alexandre Michel and Benjamin Godard on the corporate aspects as well as Philippe Derouin et Sophie Thomazi on the tax aspects. The financing aspects were managed by the Skadden team in London.
