Skadden Takes Two French Mandates For Silver Lake
Kirkland & Ellis is advising the seller on one of the proposed acquisitions, which will bolster Silver Lake's European footprint.
July 23, 2020 at 07:38 AM
2 minute read
Paris, France / Photo: Shutterstock.com
Skadden Arps Slate Meagher & Flom is advising heavyweight U.S. private equity fund Silver Lake on a duo of acquisitions in France.
Silver Lake, which focuses its investments in technology companies, is currently in exclusive negotiations to buy a majority stake in Groupe Meilleurtaux, a Paris-based provider of online financial services, from West Street Capital Partners VII, a fund managed by the merchant banking division of Goldman Sachs Group.
Earlier in July, Silver Lake announced it would acquire Silae, a provider of cloud-based payroll and HR software based in Aix-en-Provence. The sellers are Silae's founding shareholders, who intend to remain involved in the firm, according to a statement from Silae.
Both deals are expected to conclude before the end of the year, subject to approval by regulators and worker representatives, according to statements from Silver Lake.
Skadden is advising Silver Lake on both deals. A multi-office team is advising on the Meilleurtaux deal, which includes corporate partners Lorenzo Corte and Katja Butler in London and Arash Attar-Revzani in Paris, tax partners Thomas Perrot in Paris and Alex Jupp in London and antitrust partner Frederic Depoortere in Brussels.
Kirkland & Ellis is advising West Street Capital Partners on the sale, with a team led by corporate partner Vincent Ponsonnaille in Paris, according to a person with knowledge of the deal. West Street is also being advised by Sullivan & Cromwell, led by competition partner Juan Rodriguez in London, the person said.
Silae is being advised by French firm YDES and by Fieldfisher corporate partner Pascal Squercioni in Paris, the person added.
Meanwhile the Skadden team advising Silae is being led by Corte in London and includes Attar-Rezvani, Perrot and Depoortere.
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