Equity financings by French start-ups and scale ups have reached record levels in the past few years, both in volume and value. We thought that it would be interesting to review the publicly available corporate documents on a selection of the most successful amongst them, to see what lessons we could learn objectively about “what’s market”.
We selected the 2022 edition of the French Tech Next 40 as our sample. These include French companies which have qualified as unicorns or have undertaken fund raisings of an amount in excess of EUR 100 million in the past three years.
To receive a copy of our report, please fill in the form here.
| Cookie | Duration | Description |
|---|---|---|
| cookielawinfo-checkbox-analytics | 6 months | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Analytics" category . |
| cookielawinfo-checkbox-necessary | 6 months | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Necessary" category . |
| CookieLawInfoConsent | 6 months | Records the default button state of the corresponding category & the status of CCPA. It works only in coordination with the primary cookie. |
| viewed_cookie_policy | 6 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
| wp-wpml_current_language | 1 day | Stores the current language. |
| Cookie | Duration | Description |
|---|---|---|
| _pk_id.1.f514 | 1 year | This cookie is associated with the Piwik open source web analytics platform. It is used to track visitor behaviour and measure site performance. |
| _pk_ses.1.f514 | 30 minutes | This cookie is associated with the Piwik open source web analytics platform. It is used to track visitor behaviour and measure site performance. |
Rankings – Chambers France & Global 2025
CHAMBERS GLOBAL: France: . Corporate/M&A: High-end Capability . Litigation: Elite Individual Rankings : . Bertrand Barrier – France – Corporate/M&A: High-end Capability – Foreign Expert for Ukraine Spotlight . Cyril Deniaud – Capital Markets: Equity . Karl Hepp de Sevelinges – France – Corporate/M&A: High-end Capability – Foreign Expert for Germany Spotlight . Thierry Lauriol: […]
Paris
“Quelques dernières tendances de la pratique juridique des opérations de M&A”, Option Finance, May 2024
Dans un contexte global de baisse du nombre des opérations de fusion-acquisition, un basculement progressif du rapport de force au profit des acquéreurs s’est souvent opéré durant la négociation contractuelle*. Consulter l’article via le bouton : Télécharger le PDF
| CORPORATE – M&A – PRIVATE EQUITY
“Distressed M&A: How to Undertake Distressed M&A in France”, Thomson Reuters, december 2023
A Practice Note giving an overview of the legal framework applicable to distressed M&A transactions in France, with a global insight into the main features and the pitfalls specific to each situation. Read the Article : here
| CORPORATE – M&A – PRIVATE EQUITY
Rankings – Chambers FinTech Guide 2025
CHAMBERS FINTECH LEGAL FRANCE: Firm Rankings : Fintech Legal – Band 2 Individual Rankings: Benjamin May – France – Fintech Legal – Band 2 David Roche – France – Fintech Legal – Band 2 For more details: click
| IP, TECH & DATA
Distressed M&A – France 2025, Lexology, december 2024
Anne Toupenay-Schueller and Ali Baydoun are annual contributors to Lexology’s “Distressed M&A” Guide. The 2025 guide focuses on : Market context and legal framework Transaction structures and sales processes Due diligence Valuation and financing Documentation Regulatory and judicial approvals Dispute resolution News and trends Read article : here
| DISTRESSED M&A
“Secured claims in French restructurings: lessons from the 2021 reforms and recent large case precedents”, JIBFL, november 2024
The treatment of secured claims in restructuring and insolvency is paramount for secured lenders whose risk-taking is based primarily on the quality of their collateral and its effectiveness in future restructuring scenarios and insolvency proceedings. Read the article : here
Paris | BANK-FINANCE-REGULATORY
The Dawn of a New Era in the French Duty of Vigilance’s Litigation Scene ?, LIR, September 2024
A few years after the adoption of French Corporate Duty of Vigilance law in 2017, the long-awaited Corporate Sustainability Due Diligence directive n°2024/1760 (“CSDDD”) was published on July 5, 2024, and entered into force on July 25. Read the article : here
| LITIGATION – ARBITRATION – MEDIATION
Fintech: how is the world shaping the financial innovation industry? (2024) – IBA Banking & Financial Law Committee – France
In France, there is no single set of regulation for fintechs. There is also no legal definition of fintechs. They are generally considered to be companies carrying innovative technologies in digital, artificial intelligence and data processing (big data) applied to the finance industry, where they play a role of accelerator of change, often disruptive. Read […]
| BANK-FINANCE-REGULATORY
Evaluating France’s introduction of the classes of affected parties mechanism – Article by Laïd Estelle Laurent – RESTRUCTURING & INSOLVENCY GUIDE 2024 FRANCE, 9/07/2024
The system has proved to be effective in addressing companies with business difficulties, but areas of uncertainty remain, say Laïd Estelle Laurent, Jean Delapalme, and Claire Blondel of Jeantet. To find out more, click here.
Paris | RESTRUCTURING – LAW OF COMPANIES IN DIFFICULTY
Wealthy French make post-election contingency plans – Quotes by Vincent Lazimi – Financial Times, 28/06/2024
«People are worried about a wealth tax, the end of the flat tax and potential higher taxation on salaries, as well as an overall atmosphere that is not pro-business. » To read the full article, click on the link below.
Paris | TAX
Western European lawyers play key role in navigating regulatory maze – Legal Advisory Viewer – MergerMarket – May 2024. Quotes by Karl Hepp de Sevelinges
“Deals are coming back in Western Europe, but a tough regulatory scene means it is harder than ever to get them over the line….” Link to the article
Paris | CORPORATE – M&A – PRIVATE EQUITY
Fida, une réforme pour le meilleur ou le pire de l’assurance – L’Agefi – Mai 2024. Citations d’Olivier Lyon Lynch
Sujet technique autant que polarisant, le projet de règlement européen de Financial Data Access (Fida) soulève interrogations et inquiétudes chez les acteurs de l’assurance. lien vers l’article
Paris | Fida, une réforme pour le meilleur ou le pire de l’assurance – L’Agefi – Mai 2024. Citations d’Olivier Lyon Lynch