Les Hôtels de Paris undergoes Bain Capital-led refinancing
Deal News | Aug 11, 2025 | White & Case LLP
Global law firm White & Case LLP has advised Bain Capital, a prominent private investment firm, on securing a €135 million refinancing for the French luxury hotel operator, Les Hôtels de Paris (Machefert Group). The action involved subscribing to super senior bonds, which was part of a combined restructuring plan approved by the Paris Commercial Court on July 11, 2025. This plan includes both a reorganization and an asset disposal strategy aimed at settling liabilities and fostering the development of the company. The security package applied ensures post-money privilege and a concerting agreement with the Machefert family, the controlling shareholders. A diverse team from White & Case, including partners from Paris, Luxembourg, and Brussels, executed this complex transaction.
Sectors
- Private Equity
- Hospitality
- Legal Services
Geography
- France – The refinancing deal involves Les Hôtels de Paris, a French company, and was approved by the Paris Commercial Court.
- Global – Bain Capital and White & Case operate on a global scale, indicating the international aspect of the transaction.
Industry
- Private Equity – Bain Capital, a private investment firm, is engaging in the refinancing process, highlighting this industry's involvement.
- Hospitality – Les Hôtels de Paris operates in the high-end hospitality sector, emphasizing the industry's relevance.
- Legal Services – White & Case LLP is providing legal advisory services, showcasing the legal industry's role in the transaction.
Financials
- €135 million – Total amount for the refinancing through super senior bonds.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Les Hôtels de Paris (Machefert Group) | Target Company | Company | A French high-end hotels operator listed on Euronext Paris. |
| Bain Capital | Bidding Company/Refinancer | Company | A leading worldwide private investment firm. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising Bain Capital on the refinancing process. |
| Paris Commercial Court | Government | Government | Approved the restructuring plan for Les Hôtels de Paris. |
| Machefert Family | Controlling Shareholder | Company | They are the controlling shareholder of Les Hôtels de Paris. |