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Bryan Cave Leighton Paisner advises banks on financing of development of wine tourism for Château Léognan in Gironde

May 3, 2022

Summary

Bryan Cave Leighton Paisner (BCLP) has advised the Caisse Régionale de Crédit Agricole Mutuel d'Aquitaine (as arranger) as well as the Caisse d'Epargne et de Prévoyance Aquitaine Poitou Charentes, Arkéa Banque Entreprises et Institutionnels and La Banque Postale in connection with the financing of the wine tourism development of Château Léognan in Gironde in France.

The BMF Group, a family owned group operating across a wide range of real estate businesses (asset investment, hotels, property development and enhancement), has joined forces with Chantal and Philippe Miecaze, owners of Château Léognan since 2006, to transform and modernize this wine estate as part of a large-scale wine tourism and hotel project.

This operation will enable the Château Léognan to have a complete tourist offering as of spring 2023. In the heart of the 70 hectares of the estate, nearly 10 hectares will be dedicated to the production of the Grand Vin du Château Léognan with the investments used to accelerate the marketing of the Grand Vin du Château Léognan and the estate’s other wine brands. The upmarket hotel business will be managed by the MILLÉSIME group.

BCLP’s team, comprised of Partner Olivier Borenstejn, Counsel Cyrille Rumen and Associate Gwenaël Fassot, advised the Caisse Régionale de Crédit Agricole Mutuel d'Aquitaine (as arranger with a team led by Hervé Lucas), as well as the Caisse d'Epargne et de Prévoyance Aquitaine Poitou Charentes, Arkéa Banque Entreprises et Institutionnels and La Banque Postale, for the setting up of several senior loans.

The law firm Vidalenc, Arnal & Lagrange, represented by Mathieu Lagrange, advised the banking consortium on the real estate aspects.

BMF Group was advised by Ockham Avocats, with a team led by David Guez, partner, and by Monceau Notaires, represented by Matthieu de Saint-Marc on the financing aspects. Pierre-Emmanuel Pinlon from Sallon Dauriac also acted on the acquisition aspects.

The BMF Group team was led by Antoine Ménard, managing director and Justine Souchay, corporate legal director.

Chantal and Philippe Miecaze were advised by PwC Bordeaux, whose team consisted of Julien Détis and Mélina Ferreira for the corporate aspects and Thierry Droulez for tax, as well as by the Notmos Group, notaries, represented by Martine Verdon for the sale of the site.

This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.