March 03, 2020
Corporate partner Yannick Piette has been recognized by French business publication Décideurs magazine in its “Deals & Dealmakers 2020” as among nine highly skilled lawyers in France who led deals that “resonated in the marketplace” in 2019. The dealmakers were highlighted for both technical achievement and service as trusted advisors to their clients. Mr. Piette’s profile, published on January 29, 2020 and titled “Yannick Piette: Dexterity and Empathy,” focuses on innovative deals for clients Française des Jeux and Casino, Rallye and recognizes not only Mr. Piette’s formidable legal skills but also the empathy with which he advises clients “involved in strategic operations or facing business challenges.”
The publication noted that the landmark privatization and IPO of Française des Jeux (FDJ), the French state-owned company that runs the national lottery, was a “true legal innovation.” The high-profile and complex IPO was the first large French privatization since 2005 and raised €2 billion for the French government. The Weil team included partner Frédéric Salat-Baroux and counsel Marc Lordonnois.
The innovation, Mr. Piette said, ”was the mechanism of free shares to encourage individuals to participate in the operation, which has proven to be a great popular success.” That meant that for every ten shares purchased and held for 18 months, one share would be allocated free of charge. "However, this type of mechanism had never been put in place in the new legal framework for privatizations, “ commented Mr. Piette.
The publication pointed to a second innovative matter: Mr. Piette, along with partners Jean-Dominique Daudier de Cassini and Anne-Sophie Noury, advised the Casino, Rallye holding company on its €3.5 billion restructuring, which was “one of the most important since the Eurotunnel’s in 2007,” he said.