Orrick Advises the Consortium Composed of Egis, Bouygues Construction, Serena Industrial Partners, Aéroports de la Côte d’Azur, and TIIC on the Award of New Concession for Paris-Beauvais Airport and its Financing

2 minute read | October.08.2024

Orrick has advised the consortium composed of Egis, Bouygues Construction, Serena Industrial Partners, Aéroports de la Côte d’Azur, and TIIC, which was awarded the new concession for Paris-Beauvais airport with a view to its modernization.

The consortium has formed a new company, named Bellova, which signed the concession contract with the mixed syndicate of Beauvais-Tillé airport, effective 1 October. Bellova also signed the project and financing documentation with its partners for the realization of the operation.

The modernization project includes strong commitments in terms of environmental and sustainable development, notably including a noise reduction plan. Bellova aims to achieve ACA (Airport Carbon Accreditation) level 3+ by 2028, and then ACA level 4+ before 2032, thus pursuing ambitious goals compatible with the Paris Agreement concluded at COP21.

Bellova has also made strong commitments to involve local businesses. The project aims to generate numerous direct and indirect jobs.

The project consists of a 22-month study phase and a 40-month construction phase, with the progressive commissioning of the new infrastructures. Investments amount to nearly 190 million euros and are entrusted to a group of design-builders led by Bouygues Bâtiment Grand Ouest.

A multidisciplinary team led by Geoffroy Berthon (Partner, Public Law, Energy & Infrastructure) and Paul Loisel (Partner, Finance, Energy & Infrastructure) advised the consortium and Bellova with:

Constance Boillot (Of Counsel), Lek Regjepaj (Jurist), and Charlotte Berrat (Jurist) on public law aspects and project contracts;
Ahmed Boulahcen (managing associate) and Camille Heissat (associate) on financing aspects;
Malik Idri (Partner), Maxence Jonvel (managing associate), Dieynaba Kane (associate), and Quitterie De La Poype (associate) on competition law aspects;
Marine Jamain (Partner), Marc Diab Maalouf (managing associate), and Violette Jacquot (associate) on corporate law aspects;
Nadège Owen (Partner), Elise Naudin (managing associate), and Lisandre Bedard-Venne (managing associate) on employment law aspects; and
Jessie Gaston (Partner) and Hichem Hadj Abdelkader (Jurist) on tax law aspects.

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Geoffroy Berthon Partner, Energy, Infrastructure

Paris

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D:+33 1 5353 7515
E: [email protected]

Practice:

Energy & Infrastructure Sector
Energy
Infrastructure
Public Finance

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Geoffroy Berthon Partner

Paris

Geoffroy advises on public contracts, particularly in the context of concessions and PPPs. He has been involved in projects relating to the financing, construction and operation of the Stade Vélodrome in Marseille; the Sud Europe Atlantique high-speed line; the Athletes' Village for the Paris 2024 Olympic Games; the Grand Paris Express and the offshore extension of the Principality of Monaco. He has also worked on several French highway (A412, A69, RCEA, A88, A41, A150), port (Calais, Cannes) and airport projects (Nice, Lyon, Beauvais).

In the renewables field, he acts alongside the French government (Ministry of Energy Transition) in calls for tenders for the construction of offshore wind farms, including floating wind turbines, and advises operators in the realization of biomass and geothermal projects, as well as investors in the context of "M&A" operations concerning wind and solar assets and methanization. He also has experience in hydroelectricity matters. He advises both sponsors and lenders and works regularly with public entities and governments. He also advises on the drafting and negotiation of corporate PPAs, acting for both energy producers and buyers.

Geoffroy Berthon is recognised by clients as "a high quality lawyer whose analyses are very precise and rigorous and whose pragmatic approach is highly regarded" (Legal 500) and as a Leading Individual by Legal 500 (EMEA 2023) in public law and energy.

Geoffroy holds a doctorate in public law, was a lecturer in public contract law at Sciences Po, and frequently published in both English and French.

Paul Loisel Partner, Energy & Infrastructure, Banking & Finance

Paris

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D:+33 1 5353 7291
E: [email protected]

Practice:

Energy & Infrastructure Sector
Energy & Infrastructure
Banking & Finance
Renewable Energy
Power
Africa

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Paul Loisel Partner

Paris

Paul's practice focuses on project finance and strategic acquisition transactions in energy and infrastructure.

He advises sponsors and financiers on large greenfield and brownfield project financings, both cross-border and domestic, primarily in France, in EMEA and Africa.

He brings exceptional knowledge in structuring and financing of public-private, transport, telecom, energy transition, social infrastructure and real estate projects.

Paul also regularly advises clients in the fast-growing EnergyTech and InfraTech sectors.

He has extensive experience on all types of financings (senior, junior, mezzanine, loans, bonds) and related derivative instruments.

More generally, Paul advises on financing aspects of strategic assets in connection with project finance, M&A/private equity or restructuring transactions.

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