"Very responsive and someone you can rely on. He is pretty pragmatic and helpful in getting the deal done."
Chambers Europe 2024
"A very seasoned tax lawyer with a great ability to understand clients' needs."
Chambers Europe 2024
"We call upon Xavier Renard because he knows our sector well and is an experienced lawyer."
Chambers Europe 2024
"He is a great lawyer. He knows our company very well and I have no doubt about his quality."
Chambers Europe 2023
"Xavier Renard has an excellent level of expertise in the LBO field."
The Legal 500 EMEA 2023
Leading Individual – Tax
The Legal 500 EMEA 2024
"He has a very clear vision of the subjects to be tackled and how to deal with them."
The Legal 500 EMEA 2022
"Extremely knowledgeable, able to find solutions in situations where it is not necessarily obvious, creative and flexible."
Chambers Europe 2022
Profile
Xavier Renard is a partner in the Tax Department in the Paris office.
Xavier is active in the field of corporate taxation and provides general tax advice to French and multinational groups of companies, investment funds, and financial institutions. He also specializes in the tax aspects of mergers and acquisitions, financings of groups of companies, tax consolidation regimes, taxation of financial products, and asset financing transactions.
Xavier is a member of the International Fiscal Association and the Institut des Avocats Conseils Fiscaux. He is also recognized as a key player in LBO taxation.
Recognition
Recognized as a Notable Practitioner in the ITR World Tax Rankings 2024
Recognized as a Leading Individual. According to clients “Xavier Renard is a recognized professional recommended for French and international transactions.” The Legal 500 EMEA 2020
Described by one impressed client as a “well balanced tax adviser” who offers “very good technical knowledge in his field, but also a pragmatic approach.” Chambers Europe 2020
“Mr. Renard is well known for his expertise in transactional tax law. His client base includes large banks and investment funds. He acted for ICG and Sagesse Retraite Santé on the €2.5 billion acquisition of a majority stake in DomusVi.” Chambers Europe 2019
“Mr. Renard is experienced in advising domestic and international clients on the tax elements of M&A and capital markets transactions. One source highlights 'his depth of expertise' and recommends him as a 'very knowledgeable and reactive' practitioner.” Chambers Europe 2018
Experience
Xavier's matters have included advising:
One Rock Capital Partners, LLC (One Rock) on entering into an exclusive agreement relating to the planned acquisition of Europe Snacks, a leading private label manufacturer of savory snacks for the European market
PSP Investments on Fives Group’s share capital increase
Albea in the sale of its Innovative Beauty Group (IBG) division
The banks in connection with Kapla Holding’s liability management exercise and offering of €650 million senior secured floating rate notes
Eurazeo on its contemplated sale of D.O.R.C. for an enterprise value of €985 million
Pernod Ricard on the sale of the Becherovka brand, an iconic Czech bitter, to the Maspex group
PAI Partners in:
its majority investment in ECF Group
its acquisition of Albéa from Sun European Partners
Montefiore Investment on its proposed acquisition of oXya
Summit Partners, a global alternative investment firm, on its majority growth investment in Doctrine, a leading provider of legal intelligence solutions
ZEPLUG, a leading European provider of electric vehicle charging services in multi-occupant and office buildings, in its €240 million fundraising and acquisition of Bornes Solutions
SK Capital Partners in the acquisition of Saint-Gobain’s Crystals Business
Imerys, the world leader in mineral-based specialty solutions for industry, in the context of:
the disposal of its assets serving the paper market to an affiliate of Flacks Group, a US investment firm, for a net equity value close to €150 million
its exclusive negotiations to sell its High Temperature Solutions business (HTS) to Platinum Equity
its acquisition of Kerneos, the world leader in calcium aluminate-based high-performance binders from Astorg Partners
TA Associates in the context of:
the joint acquisition, alongside Montagu Private Equity, of Harvest, a leading fintech in France for software dedicated to the wealth and finance professions
Francisco Partners’ investment in Orisha, a European software publisher dedicated to companies in the retail, real estate, healthcare, construction, and agri-food sectors
the partial sale of Odealim, a leading French insurance brokerage firm for real estate professionals
its acquisition of a majority growth investment in DL Software
Worldline, the European leader in payments services, on the proposed binding offer by Apollo funds to acquire its Terminals, Solutions & Services business (TSS)
The arrangers in connection with the €600 million refinancing of Keolis, one of the world leaders in shared mobility
Astorg and Goldman Sachs in the sale of HRA Pharma, a rapidly expanding, innovation-driven consumer healthcare company, to Perrigo
Lagardère SA in a tender offer of existing bonds and new €500 million bond issue
Elior Group on a €550 million senior notes issue
Astorg in the context of:
its acquisition of Solina, the leading European manufacturer of ingredient and seasoning blends for the food industry from Ardian
the acquisition of Nemera, a leading global manufacturer of drug administration systems for the pharmaceutical industry
Ardian in the context of:
its entrance into exclusive negotiations to acquire French appliance group Hameur, owner of Magimix, and Robot Coupe
its acquisition of a minority stake in Inovie, the leading independent medical diagnostic provider in France
the sale of its majority stake of DRT, world leader in plant-based chemistry, to Firmenich
its acquisition of a majority stake in the Santé Cie Group, a specialist in home medical assistance
its acquisition of Les Dérivés Résiniques et Terpéniques (DRT) alongside founding families and Tikehau Capital
its acquisition of a 60% stake in Global Product Solutions, the France-based research and development division of Assystem, a provider of engineering and innovation consultancy services
its acquisition of a majority stake in the Trigo Group, a world-leading provider of quality management and inspection services, from IK Investment Partners
Carrefour in the sale of a majority stake in its fintech Market Pay to AnaCap
Alcentra European Direct Lending in the acquisition of the BVA Group, the third largest French market research and consulting firm
Mainstay Medical, a European medical device company focused on bringing to market an innovative implantable neurostimulation system, in the delisting of its shares from Euronext Paris
J.P. Morgan as initial purchaser in connection with the offering of €200 million senior secured notes due 2025 by IM Group
Albéa in the contemplated sale of its dispensing business to Silgan
ICG in its sale of a majority stake in Gerflor, manufacturer and marketer of vinyl flooring solutions and wall finishes for resilient floors and wall coverings, to Cobepa
Platinum Equity in its acquisition of Biscuit International from Qualium Investissement
TechnipFMC in its planned spin-off transaction to separate into two industry-leading, independent, publicly traded companies
Atos in its sale of Worldline shares for an amount of €1.23 billion, through a placement to qualified investors by way of ABB and transfer to the Atos UK 2019 Pension Scheme
Astorg in its acquisition of Nemera, a leading global manufacturer of drug administration systems for the pharmaceutical industry
Eurazeo Capital in its acquisition of Dutch Ophthalmic Research Center (DORC), a medical technology company from Montagu
Auchan Holding in its 50.1% sale of Oney Bank SA to BPCE
Eurazeo in the context of:
the sale of game publisher Asmodee group to PAI Partners
its acquisition of the game publisher Asmodee Group and advise of the Asmodee Group on subsequent build-up acquisitions
PSP Investments in:
its acquisition together with CDPQ of significant minority stakes in group Fives
its acquisition alongside Partners Group of European medical laboratory services operator, Cerba HealthCare
Siemens AG on the combination of its mobility business, including its rail traction drive business, in a merger of equals with Alstom SA, representing a combined revenue of €15.3 billion
Galeries Lafayette group in its acquisition of La Redoute
Intermediate Capital Group and Sagesse Retraite Santé in their acquisition of a majority stake in DomusVi, a France-based provider of services to elderly people including nursing homes, residential facilities, and home care, for an amount of €2.8 billion
FMC Technologies in its merger of equals with Technip, a France-based designer and developer of offshore oil and gas processing facilities, via the EU cross-border merger regime
The commitment parties (Deutsche Bank, Goldman Sachs, and JP Morgan) in the financing of the acquisition of SFR by Altice, combined with the refinancing of the Altice and SFR groups as well as the acquisition of Vivendi's stake in SFR
The Carlyle Group in its acquisition with PAI and subsequent sale of Custom Sensors & Technologies from Schneider Electric unit of French electrical connectors maker FCI
Sagard in the sale of and reinvestment with PAI in Kiloutou a French company specialized in equipment rental
Qualifications
Bar Qualification
Avocat (Paris)
Education
MBA, ESSEC Graduate School of Management, 1989
Graduate Degree Business Law, University of Paris II (Panthéon-Assas), 1987
Paris lawyers who are alumni discuss advising major players in the global economy and why Latham often recruits students with both legal and business qualifications in Magazine Reflet ESSEC n° 123, February-March 2018 (in French).
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