Karine Fitau

Partner

Expertise

  • Corporate / M&A –  Tax – Private Equity / Finance
  • International
  • Ecological Transition – Sustainable development

Biography

She has recognised expertise in mergers and acquisitions, private equity, fundraising, joint ventures, restructurings and cross-border transactions. She acts on small- and mid-cap deals as well as large-cap transactions, advising founders, senior management and management teams.

Karine has extensive experience of equity transactions, whether sponsorless or backed by investment funds (including MBOs, LBOs, build-ups, growth capital, venture capital, exits and secondary transactions, and public-to-private deals). She also advises on stock-market and capital-markets issues relating to governance, capital structure and investor exits.

Her practice has a strong international dimension. She assists clients with cross-border M&A, market entry, joint ventures and international partnerships, as well as group restructurings with an international footprint.

Karine is involved at every stage of the value chain: structuring, negotiation, legal risk management, governance and exit. She also works closely with management teams, particularly on the design and negotiation of management packages and in their discussions with investment funds.

She frequently acts in high-pressure situations, in pre- and post-litigation contexts or in the event of shareholder disputes. She is recognised for her ability to identify negotiation levers, break deadlock and steer discussions towards a balanced outcome that allows transactions to be completed.

  • Advising Indigo Capital on a primary LBO, involving a minority investment through its fund Indigo Capital III in the share capital of Groupe Heytens, the European leader in bespoke window furnishings.
  • Advising Indigo Capital on a primary LBO, involving a minority investment through its fund Indigo Capital III in the share capital of La Famille, a group specialising in fast-casual food services in both B2B and B2C segments.
  • Advising Montefiore Investment on a fundraising to support the development of Street Empire.
  • Advising Montefiore Investment on several fundraisings to finance external growth operations.
  • Advising an investor on the structuring of its second sector-focused fund, designed to qualify as an “Article 8+” fund under the SFDR and based on a demanding environmental and social impact strategy.
  • Advising a services group specialised in security and electronic protection—structured around a holding company federating several regional subsidiaries to offer integrated solutions for the protection of sites and persons—on the acquisition of several companies specialised in electronic surveillance.
  • Advising the same security-services group on the sale of one of its business units.
  • Advising the same security-services group on the acquisition of a company specialised in locking systems.
  • Advising the same security-services group on the acquisition of a company specialised in fire-safety systems.
  • Advising G3S Alyzia on the minority investment made by IDIA and other satellite funds of Crédit Agricole.
  • Advising Le Fayel Investissements on the disposal of a hotel in Lyon to the Sohoma group (financed by Extendam), together with reinvestment in a new hotel asset alongside the Wargny family.
  • Advising the founders and executive teams on the disposal of 100% of the share capital of an independent specialist in data management, virtualisation and security, to a buyout holding company, with reinvestment by the founders and investment by managers, in a transaction subject to foreign-investment control and mandatory notification to the French Competition Authority.
  • Advising the sellers on the disposal of 100% of the share capital of a group specialised in post-secondary education, with reinvestment by the founders alongside the acquirer.
  • Advising an investment fund on the disposal of 100% of the share capital of two companies specialising in hybrid-cloud managed services and cybersecurity, to a buyout holding company, with reinvestment by the founders and investment by the management teams.
  • Advising the founders on the disposal of 100% of the share capital of a French veterinary-services group to a buyout holding company, with reinvestment by the founders and investment by the management teams.
  • Advising the management team, as minority shareholders, on the disposal of a stake in the capital of a French company specialised in tea.
  • Advising a digital-services group on the acquisition of a consultancy specialised in the integration of sales solutions.
  • Advising a digital-services group on the acquisition of a major player in software-integration solutions in France.
  • Advising a family office on its investment and divestment transactions in the IT sector, including the disposal of a stake to a listed company, several industrial minority investments, and the negotiation of an optimised exit from one of its investments. Comprehensive support provided to the executive team on M&A, corporate matters and governance.
  • Advising a French company specialising in the import and distribution of professional kitchen equipment on a fundraising to restructure its capital and finance its expansion.
  • Advising a company specialising in energy efficiency on several strategic transactions, including a minority investment by an international fund, the launch of a load-shedding offering with a leading French energy-market operator, and an external-growth project involving a competitor.
  • Advising the founder of an energy-transition company on the purchase of his co-founder’s shares, in the context of a capital restructuring designed to support a scale-up. Work included the entire process, including negotiation of the economic and legal terms of the exit.
  • Advising an investment fund on the LBO of a company specialising in hybrid-cloud managed services and cybersecurity, with founder reinvestment, management investment, and a concurrent M&A transaction.
  • Advising the founders and executive teams on the LBO of an independent specialist in data management, virtualisation and security, with significant reinvestment, in a transaction subject to foreign-investment control and mandatory notification to the French Competition Authority.
  • Advising the founders of a waterproofing company on the industrial sale of the business.
  • Advising a travel-agency operator on the acquisition of a platform specialised in travel-agency services.
  • Advising a platform specialising in high-end event and private-rental spaces on a fundraising dedicated to the rollout of a new commercial concept.
  • Advising a company specialised in artificial-intelligence solutions for the media sector on a fundraising to support its growth.
  • Advising a private individual on the disposal of two hotel properties.
  • Advising an airport-services operator in connection with a strategic capital increase enabling the entry of several investment funds affiliated with a major French banking group, to support its international expansion and energy-transition initiatives.
  • Advising a player in energy efficiency and building decarbonisation on a growth-capital transaction combining refinancing and fundraising, in the context of court-supervised conciliation proceedings and strategic repositioning.
  • Advising an investment fund on a fundraising (equity and flexible debt) to support the development of a content-production and distribution activity.
  • Advising an investment fund on a fundraising (equity and flexible debt) to finance an external-growth operation.

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