White & Case advises EP Group on lock-up agreement for Casino Group's financial restructuring

Global law firm White & Case LLP has advised EP Equity Investment III s.à r.l, a company controlled by businessman Daniel Kretinsky, on the signing of a lock-up agreement relating to Casino Group's financial restructuring, alongside Fimalac and Attestor, with Casino Group and some of its main creditors.

The signing of the lock-up agreement is a continuation of the agreement in principle reached on July 27, 2023 by EP Group, Fimalac and Attestor (the Consortium) with Casino Group and certain secured creditors. The financial restructuring provides for an equity injection of €1.2 billion, comprising €925 million subscribed by the Consortium, as well as a reduction of the Casino Group's financial indebtedness by €6.1 billion.

Upon completion of the planned restructuring, the Consortium will control Casino Group via a special purpose vehicle controlled by EP Equity Investment III s.à r.l..

The White & Case team which advised on the transaction was led by partner Saam Golshani (Paris) and included partners Franck De Vita, Denise Diallo, Jean Paszkudzki, Séverin Robillard, Estelle Philippi, Alexandre Jaurett, Orion Berg (all Paris), Monica Barton, James Greene (both London) and Thomas Glauden (Luxembourg, Brussels), counsel Hugues Racovski and Michel Courtois (both Paris), and associates Anne-Liz Salapian, Yasmine Sefraoui, Antoine Rueda, Aliénor Huchot, Gaétan de la Raudière, Ophélie Clain, Yeram Kim, Tiphanie Levassort, Etienne Branthomme, Charles Linel, Charlotte Wright, Claire Sardet, Cécilia Grosjean (all Paris), Sophie Rezki, Mariam Sadqi, Vic Sohal (all London), Thomas Jacques (Dubai) and Konstantinos Strakas (Luxembourg).

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