Florent Bouyer

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Florent Bouyer dispose d’une expérience significative en marchés de capitaux, en fusions-acquisitions publiques ainsi qu’en droit des sociétés et droit boursier complexes. Reconnu comme l’un des praticiens de référence dans ces domaines, il conseille des émetteurs, des actionnaires et des institutions financières dans le cadre d’un large éventail d’opérations, notamment OPA/OPE et fusions-acquisitions, introductions en bourse, augmentations de capital (avec DPS ou en placement privé), transactions de blocs, doubles cotations, opérations equity-linked (y compris non-dilutives et/ou avec des composantes actions et dérivés), ainsi que des transactions publiques et des PIPE sur le Nasdaq pour des émetteurs français. Il a également développé une expertise reconnue dans les secteurs des énergies renouvelables, des technologies, de la défense et de la pharmacie.

Florent Bouyer est distingué chaque année depuis plus de dix ans par les principaux guides professionnels, notamment Chambers Global, Chambers Europe et The Legal 500 EMEA, où il est classé « Hall of Fame ». Ses clients soulignent « sa capacité à gérer des dossiers complexes », le considèrent comme l’un des principaux experts en marchés de capitaux en France et indiquent qu’il est « extremely well-regarded and involved in major deals ».

Il est récemment intervenu sur des transactions complexes telles que les aspects marchés de capitaux de la scission d’Opella par Sanofi, d’un montant de 16 milliards d’euros, l’offre publique d’achat lancée par EQT sur Waga Energy, ainsi que les émissions d’obligations convertibles de Legrand, soit la plus importante émission obligataire convertible réalisée en France depuis septembre 2020, d’Exail Technologies et de Rexel, dans le cadre de laquelle il est intervenu en qualité de conseil du syndicat bancaire.

Expérience

  • Banking syndicate completes €400 million offering of bonds convertible into new shares and/or exchangeable for existing shares (OCEANEs) by RexelJones Day advised the banking syndicate in connection with an offering of €400 million aggregate principal amount of 1.00% Senior Unsecured Bonds due 2031 convertible into new shares and/or exchangeable for existing shares (OCEANEs), by way of an offering to qualified investors only, by Rexel (Euronext Paris: RXL), a worldwide expert in the multichannel professional distribution of products and services for the energy world.
  • Valneva raises €84 million in reserved offeringJones Day represented Valneva SE in connection with the successful completion of an €84 million reserved offering of new Ordinary Shares with warrants attached subscribed by a limited number of investors, including €37 million received upon closing and an aggregate of up to €47 million upon exercise of all warrants.
  • Gorgé S.A. completes sale of Exail Technologies shares in €75.6 million institutional private placementJones Day advised Gorgé S.A., the Gorgé family's holding company and reference shareholder of Exail Technologies S.A., in connection with the successful sale of approximately 3.5% of the share capital of Exail Technologies, via an institutional private placement by way of an accelerated book-building process reserved to institutional investors at a price of €126 per share for a total amount of approximately €75.6 million.
  • American Industrial Partners enters into exclusive agreement for Alba to acquire Aluminium DunkerqueJones Day is advising American Industrial Partners (AIP) in the sale of Aluminium Dunkerque Industries France (ADIF), the owner of Europe’s largest primary aluminium smelter, to Aluminium Bahrain (Alba).
  • BNP Paribas issues €400 million Non-Dilutive Cash-Settled Zero Coupon Convertible Bonds linked to BNP Paribas sharesJones Day represented BNP Paribas, as issuer and sole bookrunner, in connection with the offering by BNP Paribas of €400 million Non-Dilutive Cash-Settled Zero Coupon Convertible Bonds due 2031 linked to BNP Paribas shares.
  • Exail Technologies issues €256 million of additional undated bonds convertible into new shares and/or exchangeable for existing sharesJones Day advised Exail Technologies SA on its supplementary issuance of undated bonds convertible into new shares and/or exchangeable for existing shares (ODIRNANE), the first European primary offering this year in the Defense sector.
  • Waga Energy sells majority stake to EQT followed by tender offerJones Day represented Waga Energy S.A. (an RNG producer – Euronext Paris: WAGA) in connection with the acquisition by EQT (a global investment organization), through its EQT Transition Infrastructure strategy, of a controlling stake in Waga Energy through a block transaction and the consecutive mandatory tender offer at €21.55 per share.
  • Exail Technologies issues €300 million of undated bonds convertible into new shares and/or exchangeable for existing sharesJones Day advised Exail Technologies SA in connection with its €300 million private placement of undated bonds convertible into new shares and/or exchangeable for existing shares (including a SBF/AFTI agreement and a delta placement).
  • Valneva renews its at-the-market programJones Day acted as French counsel to Valneva SE in connection with the renewal of its at-the-market (ATM) program.
  • Legrand issues €800 million of convertible bondsJones Day advised Legrand S.A., a global specialist in electrical and digital building infrastructures, in connection with a €800 million private placement of an eight-year convertible bonds to qualified investors.
  • Sanofi to separate its consumer healthcare business, OpellaJones Day acted as securities law counsel in the separation of Opella, Sanofi's consumer healthcare business, and the sale of a 50% controlling stake to CD&R.
  • Société Générale sells Société Générale Equipment Finance's (SGEF) activitiesJones Day advised Société Générale in the sale of the professional equipment financing businesses operated by Societe Generale Equipment Finance (SGEF) to Groupe BPCE.
  • Crédit Agricole Corporate and Investment Bank, BNP Paribas, and Société Générale act as global coordinators of €600 million capital increase with shareholders' preferential subscription rights carried out by Société de la Tour EiffelJones Day advised Crédit Agricole Corporate and Investment Bank, BNP Paribas, and Société Générale in connection with the €600 million capital increase with shareholders' preferential subscription rights of Société de la Tour Eiffel, a company listed on the Paris Stock Exchange specialized in commercial real estate.
  • Tender offer for Eurobio Scientific launched by NextStage AM and IK PartnersJones Day advised Eurobio Scientific SA in the tender offer launched by a consortium led by the management of Eurobio Scientific and funds managed by NextStage AM and IK Investment Partners, at a price of €25.3 per share representing a maximum amount of approximately €161 million and valuating Eurobio Scientific at approximately €270 million.
  • Orange voluntarily delists from NYSE by successful consent solicitation and voluntarily deregisters with U.S. Securities and Exchange CommissionJones Day advised Orange, S.A., a leading telecommunications operator and digital service provider serving 287 million customers, on its voluntary delisting of its American Depositary Shares from the New York Stock Exchange (“NYSE”) and voluntary deregistration from the U.S. Securities and Exchange Commission, including its successful consent solicitation in relation to its US$2.5 billion outstanding 30-year Notes due 2031.
  • Valneva raises €61 million in accelerated bookbuilding offeringJones Day advised Valneva SE, a specialty vaccine company that develops, manufactures, and commercializes prophylactic vaccines for infectious diseases addressing unmet medical needs, in connection with its capital €61 million private placement through an accelerated bookbuilding process.
  • Waga Energy raises €52 million in accelerated bookbuilding offeringJones Day advised Waga Energy, an independent producer of renewable biomethane (RNG) from landfill gas with operations in Europe and North America, on its €52 million accelerated bookbuilding private placement.
  • Natixis and Morgan Stanley Europe enter into derivatives forward transactions with ENGIE S.A. and ENGIE Group Participations S.A. and complete their hedging by way of private placement of €273 million of Gaztransport & Technigaz S.A.’s Ordinary SharesJones Day represented Natixis S.A. and Morgan Stanley Europe SE, acting as hedging banks in the derivatives transactions and joint global coordinators in the private placement, in connection with derivatives forward transactions with ENGIE S.A. and ENGIE Group Participations S.A. over Ordinary Shares of Gaztransport & Technigaz S.A. and the private placement executed through an accelerated bookbuild offering of approximately €273 million of Gaztransport & Technigaz S.A.'s Ordinary Shares, as part of the hedging bank’s hedge of their commitment under the derivatives forward transactions.
  • Kartesia sells shares in Orapi to Groupe ParedesJones Day advised Kartesia Management SA in the sale of the shares held in Orapi SA to Groupe Paredes as part of Groupe Parades' public tender offer for Orapi SA.
  • H20 Innovation delists its shares on Euronext Growth in ParisJones Day acted as French counsel to H20 Innovation Inc., a Canadian company listed on the Toronto Stock Exchange and on the multilateral trading facility of Euronext Growth in Paris, in connection with the delisting of its shares trading on Euronext Growth in Paris.

    • The following represents experience prior to joining Jones Day:
     
    Initial public offerings
     
    - Natixis in the initial public offering of Euro Media Group (process aborted - 2011)
    - Rexel in its initial public offering (€6.2 billion, 2007)
    - Natixis and Société Générale in the initial public offering of Outremer Telecom (€121 million,   2007)
    - Legrand in its initial public offering (€5.4 billion, 2006)
    - CACIB and Goldman Sachs in the initial public offering of bioMérieux (€300 million, 2004)
     
    Capital Increase
     
    - Vilmorin (Issuer), Natixis, HSBC and Société Générale in a €200 million capital increase (2010)
    - Natixis in a €30 million capital increase (2010, Issuer : Vivalis)
    - Natixis in a €22 million capital increase by way of a private placement (2009, Issuer: Cellectis)
    - Natixis in a €320 million capital increase (2007, Issuer: Eurosic)
    - CACIB and Goldman Sachs in a €750 million capital increase (2003, Issuer: SCOR)
    - Rexel in its €417 million capital increase (2003)
     
    Block Deals
     
    - Nexgen and Natixis in the sale by Nexgen of 1.6% of Gecina’s share capital (2013)
    - Areva and HSBC in the sale by Areva of 3.65% of Safran's share capital (2011)
     
    Debt and Equity-linked
     
    - CACIB, Natixis and Oddo Corporate Finance in a €92 million convertible/exchangeable bonds (ORNANEs) offering (2011, Issuer: Assystem)
    - BNP Paribas, CACIB and Société Générale in a €50 million convertible/exchangeable bonds (OCEANEs) offering (2011, Issuer: GFI Informatique)
    - Ingenico (Issuer), Goldman Sachs, Lazard-Natixis, Société Générale and BNP Paribas in a €250 million OCEANEs offering (2011)
    - Natixis in a €50 million convertible/exchangeable bonds (ORANEs) offering (2009, Issuer: Atari)
    - BNP Paribas, Calyon, Lazard Natixis, Société Générale and UBS in a €661 million OCEANEs offering (2009, Issuer: Air Franc-KLM)
    - Artemis, Calyon and BNP Paribas in the offering by Artemis of bonds exchangeable  in existing Vinci's shares (OE) (€300 million, 2009)
    - BNP Paribas and Société Générale in OCEANEs offerings (2004, 2006 and 2009, Issuer: Nexans)BNP Paribas, J.P. Morgan and Morgan Stanley in a €500 million OCEANEs offering (2009, Issuer: Capgemini)
    - BNP Paribas, J.P. Morgan and Morgan Stanley in a €500 million OCEANEs offering (2009, Issuer: Capgemini)
    - Vilmorin (Issuer), HSBC and Lazard-Natixis in a €150 million OCEANEs offering (2008)
    - BNP Paribas and HSBC in a €148.5 million subordinated OCEANEs (OSCEANEs) offering (2007, Issuer: Steria)
     
    Public Mergers & Acquisitions
     
    - Foncia, Bridgepoint and Eurazeo (LBO) (2012)
    - Rexel in the mandatory standing offer for its shares and a squeeze-out in connection with its LBO (2005)
     
    Delisting
     
    - Delisting of the shares of Ito Yokado, Co., Ltd. from Euronext Paris (2005)

    May 2026 Commentary

    Inside Information in Protracted Processes: Supplement to EU Market Abuse Regulation Provides Additional Clarity

    May 2026 Newsletters

    International Capital Markets Update | Spring 2026

    September 2025 Newsletters

    Innovative Insights: Legal Updates in Life Sciences | Third Quarter 2025

    August 2025 Alert

    ESMA Clarifies Position on Documents Incorporated by Reference in Prospectuses

    April 2025 Newsletters

    EU Markets Become More Accessible to Small and Medium-Sized Enterprises Thanks to Changes to the EU Prospectus Regulation: A Welcome Development for Companies Active in the Medical Sector

    December 2019 White Paper

    "To Be or Not to Be": Determining When a European Bond is a PRIIP

    January 2019 Commentary

    Blockchain Trading for Nonlisted Securities: The New French Regime Is Achieved

    December 2017 Jones Day Publications

    AIM Companies and the Legal Entity Identifier Requirement, European Capital Markets Update

    December 2017 Jones Day Publications

    ESMA Issues Technical Advice on Format and Content of Prospectuses: Focus on Proposed Deletion of Requirement to Include Accountants' or Auditors' Report in Prospectus Presenting Profit Forecast or Estimate, European Capital Markets Update

    December 2017 Jones Day Publications

    ESMA Update Q&A to Clarify Definition of "Closely Related Person" for Purposes of Article 3(1)(26) of MAR, European Capital Markets Update
    Voir toutes les publications

    Autres publications

    • Septembre 2017
      Table ronde Equity Capital Markets (ECM) : Tendances et opérations emblématiques 2017 – Organisée par le Magazine des Affaires, Paris.
    • September 2017
      ECM Round Table: Market Trends and Landmark Deals 2017, Organized by the Magazine des Affaires, Paris
    • August 2012
      Interview in Option Finance regarding Equity-swaps and notifications of threshold crossings
    • July-August 2012
      Compétitivité, Liquidité et Transparence du marché obligataire, Magazine des affaires n°72/73
    • January-February 2012
      Offre publique et réinvestissement, les contraintes réglementaires, Magazine des affaires n°67/68
    • January 30, 2012
      Responsabilité du banquier pour rupture de la convention d’introduction en bourse, Option Finance n°1158/2012
    • October 10, 2011
      Les émetteurs se rachètent auprès de leurs actionnaires, Option Finance n°1143
    • June 6, 2011
      Introduction en bourse et accès privilégié à l'offre, les viticulteurs champenois ont tracé le sillon, Option Finance n°1128
    • March 16, 2009
      Comment augmenter son capital avec un cours de bourse inférieur au pair ?, Option Finance n°1020
    • December 9, 2008
      La transparence au chevet de la crise, La Tribune.fr
    • November 11, 2006
      Directive Transparence: plus et plus vite !, Gazette du Palais
    • December 12, 2004
      Programmes de Rachat: Légitimité ou Suspicion? Les Echos

    • June 8, 2023
      IPO en 2023 et au-delà: Enjeux, tendances et pratiques de marché - Partage d'expériences. Access to financing in its various forms: IPOs, SPACs, PIPE, Secondaries, Partner Contracts
    • 13 septembre 2017
      Table ronde Equity Capital Markets (ECM) : Tendances et opérations emblématiques 2017 – Organisée par le Magazine des Affaires, Paris
    • September 13, 2017
      ECM Round Table: Market Trends and Landmark Deals 2017, Organized by the Magazine des Affaires, Paris
    • 15 janvier 2015
      Le private equity : le retour en force de la France ?
    • 29 janvier 2014
      Le private equity en 2014 : tendances et opportunités

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