Clifford Chance

Clifford Chance advises Cinven on its acquisition and on the financing of Tractel from LBO France

Leading international law firm Clifford Chance advised Cinven, a leading European private equity firm, on the acquisition and on the financing of Tractel group from LBO France. A purchase agreement has been signed on 29 July and the completion of the transaction is subject to customary regulatory approvals.

Tractel group is a global player in lifting and handling, suspended access, safety equipment and other products associated with working-at-height: pulleys, hoists, suspended working platforms and safety elements.

Cinven is a leading European private equity firm, founded in 1977, with offices in Guernsey, London, Frankfurt, Paris, Madrid, Milan, Luxembourg, Hong Kong and New York. Cinven acquires successful European companies and helps them to grow and develop.

The Clifford Chance team was led by Partner Laurent Schoenstein and associate Michael Samol and comprised Gilles Lebreton (Partner corporate), Xavier Petet and Thierry Diouf (associates corporate), Wassilla Kameche (associate employment law) and Emmanuel Durand (Partner antitrust) and Liliane Gam (associate antitrust).

On the financing aspects the team was led, in Paris, by Thierry Aracthangi (partner), Guy Abehsera and Charles-Henri de Gouvion Saint Syr (counsel), and in London by Roderick McGillivray (partner), Gaye Duren (senior associate) and Puja Patel (lawyer).