Pierre-Louis Cléro

  • Partner
  • Epierre-louis.clero@lw.com
  • 45, rue Saint-Dominique
  • Paris 75007
  • France
  • T +


Pierre-Louis Cléro is a partner and Local Chair of Latham & Watkins' Corporate Department in Paris. Mr. Cléro’s practice focuses on complex international mergers and acquisitions, representing corporate buyers and sellers in a wide variety of strategic transactions.

His corporate law experience encompasses joint ventures, stock exchange-related transactions, and general corporate and commercial law advice.


Mr. Cléro is named in The Legal 500 EMEA 2020.


Mr. Cléro’s matters include representing:

  • Atos in its sale of Worldline shares for an amount of €1.23 billion, through a placement to qualified investors by way of ABB and transfer to the Atos UK 2019 Pension Scheme
  • Atos in the context of the spin-off of 23.4% of the share capital of Worldline for a total consideration of €2.34 billion
  • Shandong Ruyi Investment Holding in its acquisition of a controlling stake in Bally International, a Switzerland-based designer and manufacturer footwear and other related products
  • Worldline in its €2.3 billion proposed acquisition of SIX Payment Services from SIX
  • Siemens AG on the combination of its mobility business, including its rail traction drive business, in a merger of equals with Alstom SA, representing a combined revenue of €15.3 billion
  • Euronews in its joint venture with Comcast/NBC and investment by Comcast/NBC in Euronews
  • Lagardère Active in its investment and joint venture with the market place Shopcade
  • Shandong Ruyi Group, one of the largest textile manufacturers in China, in its acquisition of SMCP Group (Sandro, Maje, Claudie Pierlot), a leading global company in the accessible luxury sector from KKR and other investors and its subsequent IPO on the regulated market of Euronext Paris
  • Galeries Lafayette group in its acquisition of La Redoute
  • The consortium led by Beijing Sanyuan Foods Co., Ltd. and Fosun Group in its acquisition of St Hubert
  • Vipshop International Holding Ltd. in its book building of ShowRoomPrivé shares
  • Alcatel-Lucent Board of Directors in the combination between Alcatel-Lucent and Nokia
  • Emerson Electric in the sale of Leroy-Somer and Control Techniques, a manufacturer and supplier of alternators, drives, and motors, to Nidec

Thought Leadership

  • Foreign Investments in France: New Regime, Effective April 1, 2020 -  March 31, 2020
  • Impact of COVID-19 on French M&A Transactions -  March 25, 2020
  • 4 Key Reasons Why European P2P Deals Fail – and How Private Equity Deal Teams Can Avoid Them -  October 15, 2019
  • Outbound Chinese Investment into the EU: What You Need to Know about Regulatory Roadblocks -  March 23, 2017

Mr. Cléro is recognized as a key figure in his practice.


The Legal 500 EMEA 2019
Bar Qualification
  • Avocat (Paris)
  • MBA Finance and Strategy, ESCP Graduate School of Management, 2000
  • Graduate Degree Business and Tax Law, University of Paris X (Nanterre), 1999
  • Aerospace, Defense & Government Services
  • Communications
  • Oil & Gas
  • Internet & Digital Media
  • Mining & Metals
  • Mergers & Acquisitions
  • Private Equity