Paul Hastings Advises R Capital and Paris Orléans on MBO of FircoSoft

June 03, 2011

Paris, France Paul, Hastings, Janofsky & Walker LLP, a leading international law firm, has advised R Capital and Paris Orléans, entities belonging to the Rothschild group in connection with a Management Buy Out of FircoSoft Group, an international leader in payment screening systems, previously owned by Sword Group.

With offices in Paris, New York, London, and Singapore, FircoSoft saw its revenues grow by more than 20 per cent per year over the last two years, and it makes its services available to more than 400 clients located in 70 countries.

In connection with this transaction, R Capital and Paris Orléans worked with the historical management team led by Jean Losco, FircoSoft Groups new Chairman. Idinvest Partners contributed mezzanine financing in this transaction, with senior debt co-arranged by Société Générale and LCL.

The Paul Hastings team was led by Corporate Partner Olivier Deren, assisted by Arnaud Levasseur. Partners Mounir Letayf and Allard de Waal, assisted by Laurent Ragot also advised on the transaction.

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