Image: Allard de Waal

Allard de Waal

Partner, Tax Department
32, rue Monceau

Fax: 33-1-78-40-46-25


Allard de Waal is a Tax partner at Paul Hastings in Paris, which he joined after servicing as a partner with a multinational law firm as co-chair of its Tax department.

He regularly works with clients on both national and cross-border transactions, offering them integrated tax advice to help them achieve tax-optimal structuring. He is also recognized for his experience in structuring both national and international investments. He is recognized as one of the most authoritative lawyers on complex issues involving international tax treaties. He had recently provided strategic advice to various financial investors involved in major tax audits and tax controversies.

He began his career with a multinational consulting firm in 1986, before joining an established international law firm, which elected him to the partnership in 2000.

Accolades and Recognitions

  • Recognized by Chambers Europe 2018 and Legal 500 EMEA 2018 as one of the leading tax lawyers in Paris, Mr. de Waal focuses on corporate matters, especially around issues of private equity, business reorganizations, and structured finance.


  • Holds a diploma from the HEC (Ecole des Hautes Etudes Commerciales) business school and an advanced degree (DESS) from the University of Paris XI, both of them earned in 1986.

Speaking Engagements

  • Lectures frequently on key tax-related issues related to private equity and mergers and acquisitions transactions


  • Admitted to the Paris Bar in 1991, and speaks fluent French, English, German, and Dutch.

Recent Representations

 LBOs and Acquisitions/Sales

  • Advising Amundi Private Equity Funds andBpifrance in connection with the LBO of Wifirst Group.

  • Advising EquistonePartners Europe in connection with the LBO of Groupe Vulcain Ingénierie.

  • Advising Astorg in connection with the sale of M7 Group to Groupe Canal+.

  • Advising B & Capital in connection with the LBO of HR Team Group.

  • Advising Keensight Capital in connection with its investment in ASTI Mobile Robotics and 3P Biopharmaceuticals.

  • Advising Meeschaert Capital Partners in connection with the LBO of Aterno Group.

  • Advising Gimv and UI Gestion in connection with the LBO of La Comtoise Group.

  • Advising Almaviva Santé Group in connection with the LBU of Medifutur (ex Dial Invest).

  • Advising Société Générale Capital Partenaires and Bpifrance in connection with the LBO of Milexia.

  • Advising the shareholders of Dushow in connection with the sale of the Group to Novelty Magnum.

  • Advising the shareholders of Aries Alliance Group in connection with the LBO of Aries Alliance Group structured by Astorg Asset Management.

  • Advising CM-CIC Investissement in connection with the sale of Circet to Advent International.

  • Advising the Management of  OGF Group in connection with its sale and reinvestment in the LBO structured by Ontario Teachers Pension Plan.

  • Advising Equistone in connection with the sale of Unither Pharmaceuticals.

  • Advising Tikehau Investment Management in connection with the financing  of the acquisition of JJA by TowerBrook Capital.

  • Advising the shareholders of Groupe Metrologic in connection with the sale of Groupe Metrologic to Sandvik.

  • Advising Antin Infrastructure Partners in connection with the LBO of Almaviva Santé.

  • Advising Eurazeo PME in connection with the LBO of In'Tech Medical Group.

  • Advising Aramisauto on its equity partnership and strategic alliance with PSA.

  • Advising the majority shareholders and the managers in connection with the OBO of Provalliance Group.

  • Advising Giat Industries/Nexter in connection with the merger between Nexter and KMW.

Practice Areas

Tax Litigation and Controversy
Private Equity






Universite de Paris-Sud, DESS 1986

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