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Financing role for A&O on LVMH's acquisition of Tiffany & Co

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Roy Thomas
Thomas Roy

Counsel

Paris

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Clark Nicholas
Nicholas Clark

Partner

London

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Todd Koretzky

Partner

New York

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28 November 2019

Paris/New York: Allen & Overy has advised the banks on one of the largest deals ever in the luxury sector. A EUR15 billion equivalent loan facility is being used to finance the agreed acquisition by LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury group, of Tiffany & Co. (NYSE: TIF) (“Tiffany”), the global luxury jeweller, making it one of this year's flagship deals in the European loan market.

Commenting on the transaction, Thomas Roy who led the deal from A&O Paris said: "Assembling loan facilities of this size in such a short time period is a testament to the strength of LVMH’s banking relationships and the depth of the European loan market. Being able to draw on our expertise in Paris, New York and London allowed us to support the banks efficiently on this high profile, cross-border transaction.”

Partners Nick Clark and Todd Koretzky provided advice from London and New York respectively.

For further information, please contact Amina Elothmani, amina.elothmani@allenovery.com on +33 140 065 436 in Paris, or Susanna Robinson, susanna.robinson@allenovery.com on +44 (0)20 3088 3918 in London.