Finance Monthly - Deal Maker Awards 2022

Finance Monthly Deal Maker Awards 2022 France 43 Armand Grumberg Partner Armand Grumberg is the head of Skadden’s European Mergers and Acquisitions practice and the leader of the firm’s Paris office. He has extensive experience in strategic and complex cross-border transactions, including public and private acquisitions, contested and hostile bids, joint ventures, corporate reorganizations, and capital markets transactions. Mr. Grumberg also has significant experience in shareholder activist-related matters. Prior to joining Skadden in 2003, he practiced law in the New York, London and Paris offices of another leading international law firm. Transactions in which he has acted include: • Air France-KLM in connection with corporate and governance matters relating to the €4 billion recapitalization measures approved by the European Commission in April 2021; • LVMH Moët Hennessy Louis Vuitton S.E. in its $15.8 billion acquisition of Tiffany & Co.; • Renault in the proposed (but withdrawn) €32.6 billion 50/50 merger with Fiat Chrysler Automobiles; in matters relating to the Renault–Nissan–Mitsubishi Alliance; in its $1.3 billion strategic acquisition of a 25 percent stake in AvtoVAZ; and Renault V.I. in the combination of its bus business with Iveco; • SCOR in numerous transactions, including: its successful defense against a €8.3 billion unsolicited takeover proposal from COVEA; its defense against claims made by the activist fund CIAM; the equity investment by COVEA; the equity investment by Sompo; its acquisition of a controlling interest in Presses Universitaires de France; its $750 million acquisition of Generali U.S. and its acquisition of a controlling stake in MRM; its CHF315 million perpetual subordinated notes and cornerstone investment in the IPO of PICC Group; its $912.5 million acquisition of Transamerica Re’s mortality business from Aegon and its CHF625 million perpetual fixed- to-floating rate step-up notes; its €150 million contingent capital equity line; its sale of its stake in Gecimed; its CHF3.3 billion acquisition of Converium Holding AG (the first successful unsolicited takeover bid ever in the reinsurance industry) and the creation of three Societas Europaea (including the first publicly listed SE in France); its €605 million acquisition of Revios, €377 million rights offering, €350 million deeply subordinated notes offering and spin- off of its non-life reinsurance activities to SCOR GLOBAL P&C; its €232 million rights offering and acquisition of a 46.65 percent stake in IRP Holdings Limited from Highfields Capital for €183.1 million; its €200 convertible-exchangeable bond (OCEANEs) offering; and its group reorganization, including its €751 million rights offering and the spin-off of its life reinsurance activities to SCOR VIE; • Dassault Systèmes in its $5.8 billion acquisition of Medidata Solutions, Inc.; • Westfield Corporation in its combination with Unibail-Rodamco SE, creating the world’s premier developer and operator of flagship shopping destinations, with the new group’s stapled securities listed on the Euronext Paris and Amsterdam. The transaction implied an enterprise value for Westfield Corporation of $24.7 billion; • Capgemini in numerous transactions, including: its sale of Odigo to Apax Partners; its $4 billion acquisition of IGATE; its acquisition of Euriware from Areva; the BRL321 million sale of a 22% stake of its Brazilian subsidiary CPM Braxis to Caixa Econômica Federal; its €233 million acquisition of a 55% stake in Brazilian IT services company CPM Braxis; its acquisition of the Latin American financial shared services operations of the Unilever Group; its €507.2 million capital increase, $1.25 billion acquisition of Kanbay and acquisition of a 51% interest in Indigo from the Unilever Group; and its $12.1 billion acquisition of the consulting business of Ernst & Young; • Auchan Retail S.A. on the acquisition of a 36.16 percent stake in its Hong Kong-listed subsidiary Sun Art Retail Group Ltd. by Alibaba Group Holding Limited for $2.88 billion; • Nokia in its combination, through a €15.6 billion public exchange offer, with Alcatel- Lucent.

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