White & Case Advises on Minority Stake Acquisition in Paris
Deal News | Jan 07, 2025 | White & Case
Global law firm White & Case LLP provided legal counsel to Caisse des Dépôts in its acquisition of a minority stake in the Westfield Forum des Halles, a leading shopping center in Paris. The stake was acquired from Unibail-Rodamco-Westfield. This strategic maneuver marks a significant investment in one of Paris's major commercial hubs, emphasizing the continued attractiveness of the city’s retail sector. The legal team from White & Case was led by partner Brice Engel, including associate Grégoire Baudry. This transaction underscores the pivotal role legal advisors play in facilitating significant real estate acquisitions, ensuring compliance and strategic alignment with client objectives.
Sectors
- Legal Services
- Real Estate
- Investment Management
- Retail
Geography
- France – The transaction occurs in Paris, France, where Caisse des Dépôts acquires a stake in the Westfield Forum des Halles.
Industry
- Legal Services – The involvement of White & Case LLP as legal advisors highlights the role of legal services in M&A transactions.
- Real Estate – The transaction involves a significant real estate asset, the Westfield Forum des Halles shopping center.
- Investment Management – Caisse des Dépôts is an investment manager, acquiring a minority stake as part of investment strategies.
- Retail – The Westfield Forum des Halles is a key retail location, emphasizing the sector's relevance to the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| White & Case LLP | Legal Advisor | Company | A global law firm advising on the acquisition transaction. |
| Caisse des Dépôts | Buyer | Company | A French public financial institution acquiring a minority stake in the shopping center. |
| Unibail-Rodamco-Westfield | Seller | Company | A European commercial real estate company selling a minority stake in the shopping center. |
| Brice Engel | Lead Legal Advisor | Person | A partner at White & Case LLP leading the transaction advisory team. |
| Grégoire Baudry | Legal Advisor | Person | An associate at White & Case LLP advising on the transaction. |