Mayer Brown Advises Bain Capital in Relation to Acquisition of Art Deco Landmark in Paris

London/Paris – Mayer Brown has advised leading private investment firm Bain Capital on a joint venture with Revcap, the European real estate investor, and in connection with the acquisition, financing and development of 29 – 33, Champs-Élysées by the joint venture, an iconic asset in the "Triangle d'Or" in central Paris and an art deco landmark. Black Swan Real Estate Capital have been appointed as the asset manager of the project.

The investment will support the redevelopment of the vacant asset into three flagship retail units and modern office space designed to meet long-term demand from global brands and corporate occupiers. The transaction has been described as “a once in a decade value add opportunity in Paris’ prime retail and office market.” Our work, combining advice on an English law joint venture with a Paris acquisition, and the related financing, is an emphatic demonstration of the cross-border, cross-practice capabilities we can deploy for private equity real estate clients.

Bain Capital is one of the world's leading private multi-asset alternative investment firms. Since its founding in 1984, it has organically expanded into numerous asset classes including private equity, credit, public equity, venture capital, real estate, life sciences, insurance and other strategic areas of focus. The firm has offices on four continents, more than 1,985 employees and approximately $215 billion in assets under management.

The Mayer Brown team was led by partner Charles Malpass and included partners Kate Ball-Dodd, Harriet Hainsworth and Alastair Dolman, senior associate James Beattie and associate Niki Mehta (all London) and partner Déborah Gelblat (who led the Paris team) counsel Wladimir Mangel and associates Margot Lacoste and Solenn Hegron, senior counsel Hervé Kensicher and senior associate Stephane Joly (all Paris).