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Shearman exits continue as Paris duo follow global head out the door

Goodwin Procter announced today (5 October) that a team from Shearman & Sterling will be joining their private equity practice in Paris as of mid-October.

The move follows Shearman’s global head of private equity Mark Soundy confirming his exit earlier this week. It is not yet known where Soundy is headed next.

The incoming team includes partners Arnaud Fromion, Frederic Guillox and counsel Adrien Paturaud and specialises in acquisition and corporate finance. The team also acts for lenders and borrowers on ‘crossover’ and telecom financings.

Chair of Goodwin in Paris Maxence Bloch said: ‘We are delighted that Arnaud and Frédéric, together with Adrien, are joining Goodwin in Paris. Their talent and market-leading expertise, acting for both lenders and sponsors, adds further depth to our team and momentum in building out the firm’s private equity and M&A practices in Europe.’

The co-founder of Goodwin’s private equity practice John LeClaire added that the biggest asset that Fromion, Guillox and Paturaud bring to the firm is their deep experience in handling sophisticated financing structures. He said: ‘As we continue to expand our private equity footprint in Europe, we are excited to add this accomplished trio to the seasoned team we have in place in Paris.’

Goodwin’s Paris PE team was created just this summer, within a year of their new PE practice was set up in London after hiring King & Wood Mallesons’ Richard Lever. Opening with six partners and focused primarily in the middle market, the Paris practice specialises in M&A, leveraged buyouts, private equity and public-to-private transactions for French and foreign private equity funds.