Pierre-Louis Cléro

Pierre-Louis’ experience includes representing:

Strategic M&A

• Cadence, a pivotal leader in electronic systems design, during the negotiations leading to a binding agreement to acquire Secure-IC, a leading French embedded security IP platform provider
• Teleperformance in its acquisition of Majorel, a Luxembourg-based digital business services company
• Pernod Ricard on the sale of the Becherovka brand, an iconic Czech bitter, to the Maspex group
• Inari Medical in its acquisition of LimFlow
• L’Oréal in:
  • Its agreement with Swiss retail group Migros to acquire Dr.G, the South Korean skincare brand
  • The acquisition of a minority stake in Galderma, the pure-play dermatology category leader
  • Its proposed acquisition of Aēsop
• Saur in connection with the acquisition of Suez by Veolia, and then as purchaser of the divested assets in the context of the commitments made by Veolia
• AllianceBernstein in its joint venture project with Société Générale in order to accelerate its growth in the cash actions 
• ZEPLUG, a leading European provider of electric vehicle charging services in multi-occupant and office buildings, in its €240 million fundraising and acquisition of Bornes Solutions
• Carrefour in connection with:
  • The acquisition of Cajoo, a quick commerce pioneer in France, by Flink
  • Its sale of a majority stake in fintech Market Pay to AnaCap
• DAMS Développement in the sale of DAMS
• Tencent in its minority investment in Alma, completed as part of the company’s c. €115 million Series C round
• Worldline, the European leader in payments services, in:
  • The proposed binding offer by Apollo funds to acquire its Terminals, Solutions & Services business (TSS)
  • Its €2.3 billion proposed acquisition of SIX Payment Services from SIX
• Atos in its:
  • Exclusive negotiations with Lutech S.p.A. (Lutech), an Italian provider of IT services and solutions, for the sale of its Italian operations
  • Sale of Worldline shares for €1.23 billion, through a placement to qualified investors by way of ABB and transfer to the Atos UK 2019 Pension Scheme
  • Spinoff of 23.4% of Worldline’s share capital for €2.34 billion in total consideration
• Siemens in the combination of its mobility business, including its rail traction drive business, in a merger of equals with Alstom, representing €15.3 billion in combined revenue
• MGN in the contemplated sale of Euronews
• TA Associates and its founders in Antin Infrastructure Partners’ investment in Babilou, a leading private network of daycare facilities and early years education in Europe
• Mainstay Medical, a European medical device company focused on bringing to market an innovative implantable neurostimulation system, in delisting its shares from Euronext Paris
• L’Oréal in the sale of the Roger & Gallet brand, a French cosmetics and fragrance firm
• Shandong Ruyi Investment Holding in acquiring a controlling stake in Bally International, a Switzerland-based designer and manufacturer footwear and other related products
• Euronews in its joint venture with Comcast/NBC and Comcast/NBC’s investment in Euronews
• Lagardère Active in its investment and joint venture with marketplace Shopcade
• Shandong Ruyi Group, one of China’s largest textile manufacturers, in acquiring SMCP (Sandro, Maje, Claudie Pierlot), a leading global luxury company, from KKR and other investors and its subsequent IPO on Euronext Paris’ regulated market
• Galeries Lafayette Group in its acquisition of La Redoute
• A consortium led by Beijing Sanyuan Foods and Fosun Group in its acquisition of St Hubert
• Vipshop International Holding in its book building of ShowRoomPrivé shares
• Alcatel-Lucent’s board of directors in Alcatel-Lucent and Nokia’s combination
• Emerson Electric in its sale of Leroy-Somer and Control Techniques, a manufacturer and supplier of alternators, drives, and motors, to Nidec
• Schlumberger, the world’s largest oilfield services company, in the sale of Schlumberger Business Consulting, its oil consulting business, to Accenture
• Vinci Construction in acquiring HEB Construction, a New Zealand-based civil construction company
• Lagardère Services Distribution in its sale of more than 900 points of sale across five jurisdictions
• Expedia in acquiring Auto Escape, a leading European online car rental reservation company, from Montefiore Investment
• A Hédiard shareholder in the food purveyor’s bankruptcy proceedings
• Chenavari Investment in its acquisition of Buy Way, a leading consumer credit company in Belgium and Luxembourg
• Lagardère in the context of:
  • Selling 20% of its stake in Canal+ France to Vivendi
  • A binding offer from Hearst for its international magazine business*
• Air France in its acquisition of Airlinair and in the joint venture structuring of regional airline HOP!
• JCDecaux in its acquisition of 25% of and joint venture with Russ Outdoor, an outdoor advertising leader in Russia
• Ingenico in its acquisition of Ogone, leading pan-European online payment services provider
• Recyfina in its sale of Recylux Group to Ecore*
• Schlumberger in its US$1.07 billion acquisition of Geoservices* 
• Air France-KLM in its €323 million acquisition of a 25% interest in Alitalia*
• Arcelor in the attempted spinoff and IPO of its stainless steel activities*

Venture Capital Financings

• Apollo-managed affiliates, funds, and strategic accounts on the signing of an agreement to invest up to £4.5 billion in fixed-rate callable notes issued by Électricité de France (EDF) pursuant to its €50 billion EMTN program
• Coatue Management on the €173 million Series F financing of Alan, a leading independent digital health insurance provider in France
• A global medical device leader on the US$50 million Series D financing round of TriCares, a French medtech startup
• Lead investor a16z (Andreessen Horowitz) on the €385 million Series A financing round of Mistral AI, a French startup specializing in generative artificial intelligence
• Atomico in its investment in Sorare’s US$680 million Series B raise, the largest ever in the non-fungible token (NFT) space
• Dragoneer on France’s largest independent e-commerce site ManoMano's US$355 million fundraising
• Coatue Management in its investment in Alan, France’s leading independent digital health insurance provider
• Tencent in the context of:
  • Its subscription of €36 million of new shares issued by DON’T NOD, an independent French studio that creates, develops, and publishes video games
  • Its minority investment in Voodoo, the world leader in hyper-casual games
  • Its investment in DONTNOD Entertainment, an independent French studio that creates and develops video games
• Carrefour in its minority investment in Cajoo, a French specialist in the express delivery of everyday shopping

*Matter handled prior to joining Latham