Ashurst advised the senior lenders to JOA group (formerly MoliflorLoisirs), the third largest French casino operator and an onlinegambling operator, on its financial restructuring.
The transaction involved the restructuring of JOA group's capitaland debt structure. This was achieved by reducing the debt incurredby JOA group as a result of financing its existing LBO, andproviding new money, thus allowing JOA group to finance externalgrowth.
Some of the senior lenders are now the new shareholders of the JOAgroup.
The Ashurst team, led by partners Jean-Pierre Farges and DianeSénéchal, comprised counsel Thomas de Mortemart, associates ScottWebster, Constance d'Heucqueville and Thomas Jeannin on therestructuring and financing aspects; partner Guy Benda and counsel AnneReffay, assisted by associates Isaure Sander and Joseph Gadenne onthe corporate aspects; and partner Nadine Gelli and associate Sonia Bouaffassa onthe tax aspects. Associate Jacques Dabreteau advised onall aspects relating to public law.
Law firm Elvinger Hoss & Prussen dealt with the Luxembourgianaspects of the transaction alongside the senior lenders.
Keep up to date
Sign up to receive the latest legal developments, insights and news from Ashurst. By signing up, you agree to receive commercial messages from us. You may unsubscribe at any time.
Sign up
