Dechert Advises Lenders on the restructuring of the Existing Financing of Sequana Tower Acquisition

Dechert advised a consortium of banks, acting as lenders, on the restructuring of the existing financing in the context of the acquisition of Sequana Tower, Accor's headquarters, by British fund Valesco.

Valesco has acquired the €460 million Sequana Tower from Accor, a leading European hotel group. Accor has entered into a long-term lease and maintains an existing shareholder loan. This transaction is the first carried out by Valesco's new fully discretionary fund, anchored in sovereign capital.

Dechert’s team included finance and real estate partner Privat Vigand, as well as associates Chloé Lebret, Alessia Longo and Carla Skaineh.

About Dechert

Dechert is a leading global law firm with 21 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.

With 65 lawyers, the Paris office is a key component of the firm's strategy in Europe and is active in antitrust/competition and European law, corporate and securities, financial services matters, financing, intellectual property, international arbitration, investigations and compliance, labor and employment, litigation, regulatory and tax.