Davis Polk & Wardwell LLP, Cot Law and Weil, Gotshal & Manges advised Meridiam on the deal. PwC Société d’Avocats advised the consortium composed of Meridiam, GIP, la Caisse des dépôts and CNP Assurances. Wildgen advised the Suez Group.
Meridiam signed, along with Global Infrastructure Partners (“GIP”) and the CDC Group (Caisse des Dépôts et Consignations and CNP Assurances), an agreement in principle with Suez and Veolia to form the long-term shareholding of New Suez. Meridiam, GIP and the CDC Group confirmed on May 17, 2021, their association in a partnership of 40% for Meridiam, 40% for GIP and 20% for the CDC Group. The shareholding of New Suez, which will be balanced, complementary, long-term and predominantly French, will also be open to employees, with a target of 10% of the capital within seven years. Meridiam, GIP and the CDC Group have also finalized the terms of a stable and efficient governance structure for New Suez, in line with the provisions of the agreement dated April 11, 2021, entered into between Veolia and Suez (confirmed by the execution between Suez and Veolia of a Memorandum of Understanding on May 14, 2021). The implementation of this agreement is subject to the finalization of discussions with the Suez and Veolia Groups, in dialogue with all stakeholders and with respect for the social body, as well as to the agreement of the various governance bodies of the entities concerned.
Meridiam is a French company and world leader in investment and infrastructure management for public services.
The Davis Polk corporate team included counsel Georges Terrier and associate Ferdinand Barbé. Counsel Alexandre Vermynck provided litigation advice.
Cot Law advised Meridiam on competition law with Jean-Mathieu Cot (partner).
Weil, Gotshal & Manges (Paris) team included Benjamin de Blegiers, Marine Jamain, Alexandre Namoun, Mathilde Vasseur, Frédéric Salat-Baroux (Picture), Marc Lordonnois, Kalish Mullen, and Awen Carnot.
The PwC Société d’Avocats team included Nicolas Arfel, Sarah Dezes, Stanislas Bocquet, Morgane Croisier, Amandine Vincent.
The Wildgen team included Karine Vilret, Miryam Lassalle.
Involved fees earner: Jean-Mathieu Cot – Cot Law; Ferdinand Barbé – Davis Polk & Wardwell; Georges Terrier – Davis Polk & Wardwell; Alexandre Vermynck – Davis Polk & Wardwell; Stanislas Bocquet – PwC Tax & Legal; Morgane Croisier – PwC Tax & Legal; Sarah Dezes – PwC Tax & Legal; Nicolas Arfel – PwC Tax & Legal; Amandine Vincent – PwC Tax & Legal; Awen Carnot – Weil, Gotshal & Manges; Benjamin de Blegiers – Weil, Gotshal & Manges; Marine Jamain – Weil, Gotshal & Manges; Olivier Jauffret – Weil, Gotshal & Manges; Marc Lordonnois – Weil, Gotshal & Manges; Kalish Mullen – Weil, Gotshal & Manges; Alexandre Namoun – Weil, Gotshal & Manges; Frédéric Salat-Baroux – Weil, Gotshal & Manges; Mathilde Vasseur – Weil, Gotshal & Manges; Miryam Lassalle – Wildgen; Karine Vilret – Wildgen;