In this new episode of our Fil Rouge series, our restructuring lawyers explore the legal and financial challenges businesses can face during an LBO, from early warning signs to restructuring options and strategic solutions.

They explain the key issues for companies, shareholders, lenders and investors, and highlight how anticipating difficulties can help preserve value and support long-term recovery.

Louis des Cars, Philippe de Saint-Bauzel, and Jean-Guy de Ruffray, whose terms have been renewed, are joined by Fabien Pouchot.

In addition, Frédéric Manin joins ADVANT’s Steering Group, where he will contribute to the firm’s international reach alongside Jean-Nicolas Soret and Gilles Gaillard.

Founded in 2009, ADVANT Altana has established itself over the past fifteen years as one of the leading independent law firms in Paris, with nearly 100 attorneys, including 28 partners. As a founding member of ADVANT alongside ADVANT Beiten (Germany) and ADVANT Nctm (Italy), the firm offers integrated services across all areas of business law and maintains an international presence through the ADVANT network, which comprises more than 750 professionals across 15 offices.

The renewal of these two bodies reflects the firm’s strength and cohesion and is part of the growth momentum initiated in recent years: team expansion, the rise of ADVANT, the creation of an Advisory Board, and the continuous strengthening of sector-specific expertise.

The Executive Committee would like to acknowledge the commitment of all the firm’s teams, whose professionalism and daily dedication fuel the firm’s growth and reputation. This wealth of human talent—where emerging talents and seasoned practitioners, as well as French and international cultures, come together—forms the foundation upon which ADVANT Altana is building its future.

Representing a variety of economic sectors (manufacturing, new technologies, and services), the four independent external members of the Advisory Board will bring their experience and vision to ADVANT Altana.

It is composed of:

• Maud Bailly, CEO of Sofitel Legend, Sofitel, MGallery & Emblems
• Hélène Etzi, President, The Walt Disney Company France
• Augustin de Romanet, Honorary Chairman of Aéroports de Paris, Advisor to the Executive Management at Eight Advisory
• Laurent Solly, Co-Founder and Chief Operating Officer (COO), Advanced Machine Intelligence

This Advisory Board embodies the firm’s commitment to surrounding itself with dedicated leaders who will help it anticipate change, seize new opportunities, and pursue an ambitious path.

“This Advisory Board embodies our commitment to opening ourselves even further to the business world and its challenges. These leaders will help us anticipate change, seize new opportunities, and continue building a firm that combines legal excellence with a deep understanding of economic realities,” says Valérie Lafarge Sarkozy, partner at ADVANT Altana.

“With this initiative, ADVANT Altana reaffirms its commitment to positioning itself as a strategic and innovative partner for its clients and to continuing the growth momentum it has maintained since its inception,” adds Pierre-Marie Ouchet, partner at ADVANT Altana.

Article available here 

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In our new publication 'Company Directors Facing Financial Distress: A Cross-Border Perspective', Mana Rassouli, Heinrich Meyer and Fabio Marelli from the ADVANT-wide Restructuring and Insolvency team explore how company directors react to financial distress and risk.

In the publication, the team analyses the issue and wider business / regulatory landscape both from a cross-border perspective (with a focus on France, Germany and Italy) and within the context of the EU's Insolvency Directive.