David Swinburne

Partner

Paris + 33.1.56.59.38.19

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David Swinburne has close to 25 years of experience in the private equity sector. His practice includes mid-cap to large-cap leveraged buyouts (LBOs), infrastructure M&A, special situations transactions, and LBO restructurings. He also regularly represents large corporates in their complex transactions involving private equity sponsors (carve-outs, joint ventures, and shareholders' agreement disputes).

David has been recognized by clients in Chambers with a high-level of satisfaction. He has handled numerous transactions including advising the Macquarie funds on various matters including the syndication of their holdings in the Pisto group and the APRR group; OVHCloud on the acquisition of Gridscale; True Green Capital on their investment in the solar platform Faradae; ForTalents on their investments in Groupe Petit Forestier, Paprec, Altavia, and Hôtels Maurice Hurand; InvestIndustrial on their investment in Comax France; Armor Iimak's management on their MBO (management buyout) and the simultaneous investment of the Astorg funds in the group; Kartesia on the debt and equity financing of Orapi; the Noven Group on the successive increase of its stake in Trapil; international financial investors on their bids for the Dunkirk and Fos LNG terminals; and Cyrus Capital Partners on the acquisition of the French business of Toys "R" Us and its combination with PicwicToys.

Experience

  • For Talents invests in GPAJones Day advised For Talents in its acquisition of a minority stake in GPA, an industrial player in the circular economy specializing in recycling motor vehicles and distributing used car parts.
  • LumApps receives backing from BridgePointJones Day acted as counsel to management in the $650 million leveraged management buyout of LumApps SAS by Bridgepoint Group plc.
  • For Talents invests in BelenergiaJones Day advised For Talents in the €190 million joint investment, together with RGreen Invest, in Belenergia SpA, a leading independent renewable energy producer with operations in Italy, France and Spain.
  • 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.
  • For Talents invests in CofinasJones Day advised For Talents in the acquisition of a minority investment in Cofinas, holding company of the BS Battery group, leader in the distribution of motorcycle batteries in Europe.
  • OVHcloud acquires gridscaleJones Day advised OVHcloud, the European Cloud leader, in the acquisition of the German company gridscale, a software provider specialized in hyperconverged infrastructures.
  • True Green Capital Management invests in Faradae SASJones Day advised True Green Capital Management LLC in the acquisition of a controlling interest in Faradae SAS, an independent renewable power producer based in Lyon, France, that targets French real estate investment trusts ("REITs") and other corporate customers for solar installations.
  • Brut raises €40 millionJones Day advised Brut, a French fast-growing online media platform, in connection with its €40 million Series D investment round, with respect to the implementation of an incentive package.
  • For Talents invests in Altavia GroupJones Day advised For Talents in its minority stake investment in Altavia Group, the world’s leading network dedicated to marketing services for the retailers.
  • Armor sells stake in ARMOR-IIMAK to AstorgJones Day advised EN5, controlling shareholders of the Armor group, on the management buyout of Armor Iimak group and the simultaneous 40% investment by Astorg Midcap in the Armor Iimak group.
  • Simpson Manufacturing Company announces offer to acquire Etanco GroupJones Day advised Simpson Manufacturing Company, Inc. in the €725 million acquisition of the Etanco Group.
  • ARMOR USA acquires industrial segment of International Imaging Materials, Inc.Jones Day represented Armor SAS and ARMOR USA, Inc., a French-based company that specializes in the industrial formulation of inks and the coating of thin layers onto thin films, in the acquisition and financing of International Imaging Materials, Inc. ("IIMAK"), a global developer and manufacturer of value-added consumable solutions for industrial applications.
  • Macquarie Euro Ltd and CDPQ Revenu Fixe refinance Berger Levrault groupJones Day advised Macquarie Euro Ltd and CDPQ Revenu Fixe Inc. in connection with the refinancing of the Berger Levrault group.
  • ForTalents acquires minority stake in Groupe Petit ForestierJones Day represented ForTalents in connection with its minority stake investment in Groupe Petit Forestier, the European leader in refrigerated assets rentals.
  • Kartesia Management restructures and refinances ORAPI and its holding company La Financière MG3FJones Day advised Kartesia Management SA in connection with the conciliation procedure, restructuring, and refinancing of ORAPI and the refinancing and restructuring of its holding company La Financière MG3F through multiple equity and debt instruments.
  • Macquarie Infrastructure and Real Assets divests stakes in Autoroutes Paris-Rhin-RhoneJones Day advised Macquarie Infrastructure and Real Assets (Europe) Limited in the sale by subsidiaries Macquarie Infrastructure Fund 2, Macquarie Mercer Infrastructure Trust 1, and Macquarie Mercer Infrastructure Trust 2 of remaining stakes in Autoroutes Paris-Rhin-Rhone for an aggregate price of €867 million.
  • Société Générale sold Ohridska Banka (Macedonia) to Steiermärkische Bank und Sparkassen AGJones Day advised Société Générale in the sale of majority stake in Ohridska Banka AD Skopje (Republic of North Macedonia) to Steiermärkische Bank und Sparkassen AG.
  • Pemberton Asset Management Group and Permira Debt Managers Limited provide significant unitranche financing for acquisition of Euro Techno Com GroupJones Day represented Pemberton Asset Management Group and Permira Debt Managers Limited in connection with a significant unitranche financing for the acquisition of the Euro Techno Com Group ("ETC"), a distributor of equipment and supplies for the telecommunications market, by Carlyle European Technology Partners.
  • Cyrus Capital Partners acquires, in French insolvency proceeding, of French business of Toys R UsJones Day represented Cyrus Capital Partners in connection with the acquisition, in a French insolvency proceeding, of the French business (comprised notably of 44 stores) of Toys R Us.
  • LGT European Capital Limited, Idinvest Partners, and Swen Capital provide €125 million unitranche financing to RemadeGroupJones Day represented LGT European Capital Limited, Idinvest Partners, and Swen Capital in connection with a €125 million (US$145.2 million) unitranche financing provided to RemadeGroup S.A.S., a French company that sells refurbished smartphones, to be used for general corporate purposes and to refinance existing debt.

    • The following represents experience acquired prior to joining Jones Day.

    Advised Pisto (controlled by Macquarie, Predica, and CNP) on the increase of its stake in Trapil.

    Advised OVH Groupe on the acquisition of the U.S. and EU vCloud Air business from VMware and on the minority investment of Towerbrook and KKR in its share capital.

    Advised Macquarie on the acquisition of a 36 percent stake in Pisto from Antin Infrastructure; on the subsequent disposal of 36 percent and 40 percent stakes to CNP and Predica; and on their tentative public tender offer for Theolia.

    Advised Macquarie Autoroutes de France 2 and AREA on their stake in ADELAC, the concessionaire of the A41 motorway.

    Advised Nestlé SA on the creation of Froneri Limited, the ice cream joint venture with the R&R Group (controlled by PAI Partners); on the sale of Davigel to Brakes (controlled by Bain Capital); and on its bid for Yoplait (sold by PAI Partners).

    Advised Nestlé Health Science on several acquisitions, sales, and R&D joint ventures.

    Advised Metric Capital on its investment in Domia.

    Advised Change Capital Partners on the acquisition of Paule Ka.

    Advised Ericsson on the acquisition of Technicolor's broadcasting division.

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    October 2018 Commentary

    Draft French Finance Bill for 2019 Reveals Significant Tax Amendments

    September 18-20, 2023 Speaking Engagements

    Jones Day lawyers to attend IPEM 2023

    Additional Speaking Engagements

    • 15 janvier 2019
      La fiscalité du financement des entreprises : nouvelle donne ?
    • 13 novembre 2018
      Projet de loi PACTE : Deux séminaires dédiés chez Jones Day
    • November 13, 2018
      Jones Day dedicates two seminars to PACTE
    • 16 janvier 2018
      Actualité du private equity 2018 : la SLP, Fonds de dette, Actualités européennes, Actualité fiscale

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