Bordeaux FC’s Restructuring

Latham & Watkins advised Fortress Investment Group, as existing lender, in relation to the sale and refinancing of Football Club des Girondins de Bordeaux (Bordeaux FC). Shearman & Sterling advised King Street Capital Management, as shareholder.

On July 26, following the favorable decision of the Bordeaux Commercial Court approving the conciliation protocol, the debt restructuring and the sale of the club to Gérard Lopez were finalized.

Gérard Lopez is the new owner of Bordeaux FC, following confirmation by the Commercial Court of Bordeaux.

Fortress Investment Group is a leading, highly diversified global investment manager.

Football Club des Girondins de Bordeaux (Bordeaux) is a French professional football club based in the city of Bordeaux in Gironde, Nouvelle-Aquitaine. The club currently play in Ligue 1, the top division of French football. 

King Street Capital Management is an investment management firm that invests primarily in distressed companies, stocks, bonds, currencies, warrants and options. King Street Capital Management, L.P. was founded in 1995 and is based in New York City.

The Latham team was led by Paris restructuring partner Hervé Diogo Amengual (Picture) and London finance partner Sanjev Warna-kula-suriya, with London partner Adrian Chiodo, Paris counsel Etienne Gentil, associates Rob Davidson, Siobhan Kennedy, Zahra Haji, Virginie Terzic, Eeva Bernard, and Celia Jiquel, and paralegal Camille Bulle. Advice on corporate matters was provided by Paris partners Charles-Antoine Guelluy and Jean-Luc Juhan, with associates Rim Benzakour and Antoine Dufrane; and on tax matters by Paris partner Olivia Rauch-Ravisé.

Shearman & Sterling advised King Street Capital Management with a team comprised of Pierre-Nicolas Ferrand, Thomas Philippe, Benjamin Marché, Gaspard Bastien-Thiry, Gary Hamp, and Michèle Smith.

Involved fees earner: Hervé Amengual – Latham & Watkins; Rim Benzakour – Latham & Watkins; Eeva Bernard – Latham & Watkins; Adrian Chiodo – Latham & Watkins; Rob Davidson – Latham & Watkins; Antoine Dufrane – Latham & Watkins; Etienne Gentil – Latham & Watkins; Charles-Antoine Guelluy – Latham & Watkins; Zahra Haji – Latham & Watkins; Célia Jiquel – Latham & Watkins; Jean-Luc Juhan – Latham & Watkins; Siobhan Kennedy – Latham & Watkins; Olivia Rauch-Ravisé – Latham & Watkins; Virginie Terzic – Latham & Watkins; Sanjev Warna-kula-suriya – Latham & Watkins; Gaspard Bastien-Thiry – Shearman & Sterling; Pierre-Nicolas Ferrand – Shearman & Sterling; Gary Hamp – Shearman & Sterling; Benjamin Marché – Shearman & Sterling; Thomas Philippe – Shearman & Sterling; Michèle Smith – Shearman & Sterling;

Law Firms: Latham & Watkins; Shearman & Sterling;

Clients: Fortress Investment Group; King Street;

Federica Tiefenthaler

Author: Federica Tiefenthaler