DavidAumain

Associate

Paris + 33.1.56.59.39.24

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David Aumain focuses his practice on securitization, covered bonds and debt funds (investing in small and medium-sized enterprises [SMEs]), infrastructure projects, real estate projects, trade receivables, and crowd-lending platforms, with or without double structures.

He has worked extensively on the creation of various debt funds in the form of French fonds de prêt à l'économie (FPE) and European Long-Term Investment Funds (ELTIFs).

Recently, David has worked on the restructuring of covered bonds issuers (société de crédit foncier and société de financement de l'habitat) and on transactions related to the sale of nonperforming loan (NPL) portfolios.

Experience

  • Deutsche Pfandbriefbank and Société Générale complete €159 million project financing for modernization of Ariane waste treatment plant in NiceJones Day advised Deutsche Pfandbriefbank AG (pbb) and Société Générale in connection with the €159 million project financing of the modernization of the Ariane waste treatment plant operated by Veolia in Nice for Métropole Nice Côte d'Azur under a Build-Operate-Transfer (BOT) concession scheme.
  • BNP Paribas acts as arranger and senior investor on securitization of consumer loans originated by Younited Credit in ItalyJones Day acted as reviewing counsel to BNP Paribas, as arranger and senior investor, in connection with the acquisition by M&G Specialty Finance (Luxembourg) No.1 S.à r.l., a Luxembourg investment vehicle managed by M&G Investment Management Limited, of consumer credit portfolios originated by Younited Credit S.A., Italian Branch, for a total maximum value of approximately €300 million.
  • BPCE group completes €750 million private French consumer loans securitizationJones Day advised BPCE and Unicredit Bank AG, as co-arrangers, and Natixis, as cap counterparty, on a securitization of French consumer loans originated by certain Banques Populaires and Caisses d’Epargne belonging to the BPCE group through the establishment of a French fonds commun de titrisation "BPCE Demeter Tria FCT".
  • Crédit Immobilier de France Développement completes fourth public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its fourth public securitization of French residential loans of €635 million through the French fonds commun de titrisation "Harmony French Home Loans FCT 2021-1".
  • Crédit Immobilier de France (CIF) Group, BNP Paribas, and Crédit Agricole Corporate and Investment Bank complete STS SecuritizationJones Day advised Crédit Immobilier de France (CIF) Group and the arrangers, BNP Paribas and Crédit Agricole Corporate and Investment Bank, on the French residential loans securitization made through the French fonds commun de titrisation "Private Harmony BTL 2021 FCT".
  • BNP Paribas Asset Management sets up €1 billion French debt fund investing into Dutch residential mortgage loansJones Day acted as legal adviser to BNP Paribas Asset Management in connection with the setting up of a French debt fund with compartments investing into Dutch residential mortgage loans for a maximum amount of €1 billion with the first compartment investing only into residential mortgage loans that are guaranteed by Waarborgfonds Eigen Woningen (NHG Mortgage loans) originated by HollandWoont (a Dutch mortgage loan originating platform) and the second compartment investing only into residential mortgage loans (not considered as NHG Mortgage loans) originated by the Dutch platform Clarian Wonen, both compartments issuing pass-through bonds privately placed.
  • Crédit Immobilier de France Développement completes third public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its third public securitization of residential loans of €670 million through the French fonds commun de titrisation "Harmony French Home Loans FCT 2020-2".
  • October and Intesa Sanpaolo launch €200 million ABS Notes financing of State Guaranteed Loan for Italian SMEsJones Day assisted the SME lending platform October and Intesa Sanpaolo, as senior investor of the asset-backed notes, in the context of a €200 million financing of State Guaranteed Loans for Italian SMEs through the direct lending French FFS licensed as ELTIF (European Long Term Investment Fund) named “October Italian SME Fund 1” and the issuance of ABS Notes by a French FCT named “SME Funding Italy Direct October 2020-A”.
  • 123 Investment Managers set up société de financement spécialiséJones Day assisted 123 Investment Managers with setting up a "société de financement spécialisé" (SFS) with compartments named "123 Asset Securities".
  • Crédit Immobilier de France Développement completes second public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its second public securitization of residential loans through the French fonds commun de titrisation "Harmony French Home Loans FCT 2020-1".
  • BPCE completes €1 billion private French consumer loans asset-backed financingJones Day advised BPCE on a private French consumer loans assets-backed financing through the establishment of a French fonds commun de titrisation (FCT) with compartments (BPCE Demeter FCT).
  • October forms October SME IVJones Day advised October S.A. in connection with the structuring of October SME IV, a French fund dedicated to the financing of SMEs based in France, Spain, Italy, the Netherlands, and Germany through direct loans ranging from €30,000 to €5 million originated by the October platform.
  • Crédit Immobilier de France Développement completes first public securitization transaction of residential loansJones Day acted as legal adviser of Crédit Immobilier de France group in its first public securitization of residential loans through the French fonds commun de titrisation “Harmony French Home Loans FCT 2019-1” in connection with a portfolio of French residential loans of €710 million (US$792.8 million).
  • Natixis and BofA Merrill Lynch act as joint lead managers on French residential loans securitization BPCE Home Loans FCT 2019Jones Day acted as legal adviser of Natixis and BofA Merrill Lynch, joint lead managers, and Natixis, interest rate swap counterparty, in connection with the securitization of French residential loans originated by the Banques Populaires and the Caisses d'Epargne through the French fonds commun de titrisation “BPCE Home Loans FCT 2019”.
  • Société Générale sells Societe Generale Serbia and Sogelease Serbia to OTP BankJones Day advised Société Générale in the sale of 100% of the shares in its subsidiary Societe Generale Serbia (SGS) and Sogelease Serbia to OTP Bank Nyrt., including the indirect sale of 100% of the shares in SG Leasing (SGS' wholly owned subsidiary dedicated to leasing activities).
  • Société Générale sells its majority stake in Mobiasbanca Societe Generale (Moldova) to OTP BankJones Day advised Société Générale in the sale of its majority stake in Mobiasbanca Societe Generale (Moldova) to OTP Bank Nyrt, the leading Hungarian bank.
  • Société Générale sells Societe Generale Montenegro to OTP BankJones Day advised Société Générale in the sale of Societe Generale Montenegro to OTP Bank.
  • Société Générale sells its majority stake in Societe Generale Albania to OTP Bank.Jones Day advised Société Générale in the sale of its majority stake in Societe Generale Albania to OTP Bank.
  • CIF Group completes First STS Securitization in EuropeJones Day advised Crédit Immobilier de France (CIF) Group on the French home loans securitization made through "Private Harmony French Home Loans FCT".
  • BNP Paribas Asset Management creates infrastructure debt fund dedicated to Korea Investment & SecuritiesThe international law firm Jones Day advised BNP Paribas Asset Management (BNPP AM) in the creation of an infrastructure debt fund dedicated to the Korea Investment & Securities (KIS), one of the largest investment and brokerage banks in Korea.
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