Paris, 12 May 2020. DWF assisted Rubis, a group listed on Euronext Paris (FR0013269123 RUI) with a market value of more than four billion euros and an independent international operator specialising in downstream oil and chemicals, in connection with the setting up of its partnership in Rubis Terminal with I Squared Capital through the ISQ Global Infrastructure Fund II.
DWF was involved in the legal structuring, preparation, negotiation, implementation and completion of this partnership. On this occasion, DWF also led a reorganization of the Rubis Terminal division with the support of its Belgian office and its Belgian (Strelia), Dutch (Dirkzwager Legal & Tax), Turkish (OGB Attorney Partnership) and Brazilian (Pinheiro Neto Advogados) correspondents. DWF also advised Rubis Terminal in the restructuring of existing indebtedness and assisted in its refinancing for a total amount of 410 million euros.
The transaction valued the Rubis Terminal division at circa. one billion euros, and allowed Rubis Terminal to be deconsolidated.
DWF team, acting as lead counsel, was led by Pascale Gallien, partner, assisted by Vincent Maufront, counsel, Marie-Noëlle Guilpain and Hugues Lefort, associates, and by Valérie Cruet, paralegal, on corporate aspects, Mathilde Plénat, partner, on employment aspects and Paul Cesar, partner, on aspects related to the renegotiation of certain credits and Charles Koskas, partner, on real estate aspects;
Jérémie Swiecznik, partner at the law office Degroux Brugère, was involved in the legal structuring and contract negotiation;
CMS Francis Lefebvre Avocats with Jean-Charles Benois, Philippe Zoubritzky, partners, Alexia Cayrel and Floriane Dienger, associates, assisted on structuring and tax law aspects;
White & Case with Séverin Robillard, Max Turner, partners, Roman Picherak, Tatiana Uskova, Michel Courtois, Imane Bellafqih, associates, and Linklaters with Colin Chang, partner, advised on the legal aspects of financing.
Société Générale Corporate & Investment Banking, with Stéphane Krief, Kevin Debrabant and their team, and SPF, with Stéphane-Paul Frydman, assisted on the financial aspects.
I-Squared Capital: Linklaters LLP
Bank consortium: Latham & Watkins