Max Turner
Biography
Overview
Max Turner is a US-qualified Partner in the Firm's Capital Markets group in Paris.
He advises corporations, financial institutions and sovereigns on issuances of equity and debt securities, in particular Rule 144A and other offerings involving placements into the United States. Max's areas of focus include initial public offerings, rights offerings, block trades, Yankee bonds, regulatory capital and high yield bonds, as well as liability management transactions, by French issuers and other issuers in Europe, the Middle East and Africa.
Before joining White & Case in 2014, Max practiced in the New York and Paris offices of a Magic Circle law firm for nine years.
Experience
IPOs: EUROAPI (2022, €1.3bn), OVHCloud (2021, €400m), Antin Infrastructure Partners (2021, €550m), I2PO (2021, €215m), DEE Tech (2021, €165m), Aramis (2021, €446m), Transition (2021, €200m), Believe (2021, €300m), Accor Acquisition Company (2021, €300m), ESG Core Investments (2021, €250m), 2MX Organic (2020, €300m), La Française des Jeux (2019, €1.826bn), Verallia (2019, €978m), CIRA (2018), CI Capital Holding (2018, EGP1.7bn), SMCP (2017, €623m), Carmila (2017, €632m).
Rights Offerings / Capital Increases: Mersen (2023, €100m), Forsee Power (2023, €50m), ALD (2022, €1.2bn), Neoen (2023, €750m, 2021, €600m), Faurecia (2022, €705m), Air France-KLM (2021, €1bn; 2017, €751m), Alstom (2020, €2bn), Korian (2020, €400m), Technicolor (2020, €330m), Eurofins (2020, €535m), SES-imagotag (2020, €35m), Showroomprivé (2018, €40m), Altran (2018, €750m), Suez (2017, €750m), Eurofins (2017, €300m), Direct Energie (2017, €130m), Gecina (2017, €1bn), Europcar (2017, €175m), Elis (2017, €325m), Foncière des Régions (2017, €400m).
Block Trades: AXA / Banca Monte Dei Paschi Di Siena (2023, €233m), Renault SA/Daimler AG (2021, €1.14bn), Saint-Gobain/Sika (2020, €2.41bn), Worldline/SIX (2020, €567m), FFP/DKSH (2019, CHF212m), Vivendi/Ubisoft (2018, €2bn), CFER/Derichebourg (2018, €132m), Groupama/OTP Bank (2017, €208m), EBM Trirhena AG/Direct Energie (€76.7m), BFCM/Safrand and Eiffage (2017, €520m).
144A Debt Offerings ("Yankee Bonds"): Sodexo (2021, US$1.25bn), Pernod Ricard (2020, US$2bn), Air Liquide (2019, US$500m), Vinci (2019, US$1bn), AXA (2018, US$862.5m).
Regulatory Capital / US MTN: Société Générale (2023, US$5bn; 2022, US$1.5bn, US$2.65bn, US$5bn; 2021, US$1bn; 2020, US$2bn, US$1.5bn, US$500m, US$3bn; 2018, US$1.75bn and US$1.25bn Tier 1), BPCE (2022, US$2.050bn; 2021, US$2.75bn), Dexia Crédit Local (2021, US$1bn, US$1.5bn; 2020, US$1.5bn; 2018, US$1.5bn; 2017, US$2bn).
Sovereign Offerings: West African Development Bank (2021, €750m), Republic of Côte d'Ivoire (2021, €850m; 2020, €1bn; 2019, €1.7bn), Republic of Gabon (2021, US$800m; 2020, US$1bn), Republic of Cameroon (2021, €685m).
High Yield Bonds: FORVIA (2022, €700m), Rubis Terminal (2020, €410m), NewCo GB (2018, €200m), Faurecia (2017, €700m), Burger King (2017, €60m and €565m), Louvre Bidco (2017, €270m).
Liability Management (tender/exchange offers): Air Liquide (2023, US$383m), Gabon (2023, US$500m), AXA (2022, US$615.9m), LVMH/Tiffany (2021, US$800m), Neoen (2019, €200m).
Next Generation Leading Lawyer, Capital Markets – France, The Legal 500 EMEA 2023
Rising Star Partner, Capital Markets – France, IFLR 1000 2022
'Max Turner (a US-qualified partner) is an excellent expert, always available, provides very good advice and client-oriented.'
Client testimony, Legal 500 2020
