White & Case advises Bain Capital on refinancing of Les Hôtels de Paris

Global law firm White & Case LLP has advised Bain Capital, one of the world’s leading private investment firms, on the refinancing of Les Hôtels de Paris (Machefert Group), a French high-end hotels operator listed on Euronext Paris, by way of a subscription to super senior bonds for an amount of approximately €135 million. 

This refinancing was completed within the framework of a combined restructuring plan approved by the Paris Commercial Court on 11 July 2025 for the benefit of Les Hôtels de Paris, which includes both a reorganisation plan and an asset disposal plan, to settle the liabilities of the company and finance the development of the group.

The bonds are secured by the post money privilege and a security package, including the entering into of a concerting shareholders’ agreement with the Machefert family (controlling shareholder).

The White & Case team which advised on the transaction was led by partners Saam Golshani and Hugues Racovski (both Paris) and included partners Samir Berlat, Brice Engel, Alexandre Jaurett, Clara Hainsdorf (all Paris) Thomas Glauden (Luxembourg & Brussels) and Guilhèm Becvort (Luxembourg), local partner Ruslana Hrischeva (Luxembourg) and associates Louis Gibon, Victor Menu, Adrien Ahmadi Kermanshahani, Grégoire Berger, Sid-Ahmed Chalane, Thibaut Alibert, Clément Bellaclas, Cécilia Grosjean, Olga Kosno, Claire Sardet, Corentin Traxel (all Paris), Sophia Fotso (Brussels & Luxembourg), Arvine Nooralian, Anis Bendimred, Thomas Rousset, Arnaud Marquet and Timothé Lefèvre (all Luxembourg).

Press contact
For more information please speak to your local media contact.