Fanny Combourieu

Fanny has worked on the structuring of numerous transactions in particular in relation to private equity, infrastructure and real estate assets such as:

Private Equity:

• Advising Circana (IRI), following the acquisition of NPD group, on the coordination, structuring and reorganisation of the two groups in 9 jurisdictions (US, Canada, Australia, Spain, Italy, France, Germany, UK and the Netherlands).
• Advising Eurazeo and Naxicap funds in the context of the acquisition of the 2RH group and the external growth operations carried out by the group in Italy (acquisition of the Nolan group), in the United States (acquisition of Troy Lee Designs) and in Central Europe (acquisition of Casco).
• Advising MML Capital in the context of the acquisition, alongside Metric Capital Partners, of the GPS group, a metal crate rental company for the transport of raw materials; and in the context of their investment in Arηs Group, a fast-growing European IT services firm
• Advising The Carlyle Group in the context of the acquisition of Euro Techno Com (supplier of passive equipment for telecom networks) and the sale of the group to Cinven as well as in connection with the group's external growth operations in the United States (acquisition of Comstar and Walker) and in Poland (acquisition of Klonex).
• Advising The Carlyle Group in the context of the acquisition of LPG, HGH, SESAMn, Inova and Envea and the sale of Prima XI and Prima Compliance to Duck Creek.
• Advising Eurazeo Brands in the context of the acquisition of Axel Arigato and UltraPremium Direct.
• Advising Mérieux Equity Partners in the context of its investment in Janvier Labs and in the Serb Group.
• Advising the management of Circet in the context of the sale of Advent's stake to ICG and their reinvestment in the group.
• Advising the management of B&B in the context of the sale of the group by PAI Partners to Goldman Sachs.
• Advising 21 Invest in the context of the acquisition of the Landanger group.
• Advising Lion Capital in the context of the acquisition and refinancing of the DMC group.

Infrastructure:

• Advising Hy24 (Clean H2 Infra Fund) on its investment in the share capital of Elyse Energy through the "Clean Hydrogen Infrastructure Fund".
• Advising Hy24 within the framework of the first investment of its fund dedicated to equipment and technologies for decarbonized hydrogen (Clean Hydrogen Equipment Fund) in the Norwegian company Hexagon Purus.
• Advising Hy24 (Clean H2 Infra Fund) on its strategic equity investment into InterContinental Energy.
• Advising Hy24 (Clean H2 Infra Fund) in the context of the joint-venture between Everfuel and Hy24 who create a €200 million joint venture to accelerate the deployment of green hydrogen production infrastructure in the Nordic countries. Also advising Hy24 on the joint-venture’s first acquisition of Phase 1 of the HySynergy green hydrogen production project, a 20MW electrolyzer located in Fredericia, Denmark. 
• Advising Vauban Infrastructure Partners in the context of the acquisition of Financière Groupe Proxiserve, a major player in energy services in France, from Asterion Industrial Partners.
• Advising Mirova and Asterion Industrial Partners in the context of the acquisition of the group Proxiserve, a major player in energy services in France.

Real estate:

• Advising AXA in the context of the acquisition of "Dolphin Square", the largest private rented residential complex in London for AXA investors located in different jurisdictions.
• Advising Ares in the context of the acquisition of the shares of a French SPPICAV (OPPCI) owning indirectly a portfolio of six logistics/warehouse assets from OJIREL managed by ALDERAN.
• Advising Harbert Management Corporation in the context of the acquisition and development of several logistics' warehouses on a plot of land located in France.
• Advising Cain International in the context of the acquisition of its first office building in France through a JV with the asset manager FREO Asset Management.
• Advising Real IS in the context of the acquisition of office buildings in Paris (Faubourg asset) Lyon (located Quai Perrache – Convergence buildings, and one office building ) and Marseille (located bd de Dunkerque – the Grand Large buildings), and in the context of the sale of an office building in Paris (avenue Hoche)
• Advising Union Investment in the context of the acquisition of the hotel operated by Melia in La Défense and sale of numerous assets (Le Prime, Capella, Arc de Seine, Altaïr, Aile Sud, Le Cap, Le Wilson...).
• Advising Barings on multiple acquisitions, including the purchase of a 23,000 sqm (grade A) logistics warehouse in Nanteuil-le-Haudouin, a 6,500 sqm (grade A) office space in Pré-Saint-Gervais, and a 22,500 (grade A) sqm warehouse in Savigny-le-Temple.

Individual recognitions

• Chambers France – Tax – Band 4, 2026
• Legal 500 – Private Equity Tax - Leading Individual, 2026
• Best Lawyers – Tax Law – each year since 2017
• Best Lawyers – Private Equity Law – each year since 2014
• Who’s Who Legal - Expert in Corporate Tax in France
• "Fanny Combourieu is a major asset for DLA Piper." –Chambers France – Tax – 2026
• "We are thankful for Fanny Combourieu's availability and her expertise." –Chambers France – Tax – 2026
• "Fanny Combourieu is a prime lawyer in tax, expertly managing the other DLA European offices involved in our case." –Chambers France – Tax – 2026

Team recognitions

• Chambers France – Tax – Band 4, 2026
• Chambers France – Investment Funds – Band 3, 2026
• Legal 500 – Tax – Tier 3, 2026
• International Tax Ranking - Transactional Tax – Tier 2 – 2026
• International Tax Ranking - General Corporate Tax – Tier 3 – 2026
• International Tax Ranking - Tax Controversy – Tier 3 - 2026
• International Tax Ranking - Real Estate Tax – Tier 3 - 2026
• International Tax Ranking - Transfer Pricing – Tier 3 - 2026
• "DLA Piper provides great support during a tax audit. Its team are responsive and dedicated." –Chambers France – Tax – 2026
• "DLA Piper is very reliable, available and pays attention to details. The team knows how to handle complex and transnational cases." –Chambers France – Tax – 2026
• "DLA Piper offers unique expertise in the taxation of investment funds." –Chambers France – Tax – 2026
• "DLA Piper demonstrates great rigor and an ability to handle complex issues in a pragmatic and operational manner, with a strong sense of priorities." –Chambers France – Tax – 2026
• "DLA Piper is well-suited for international deals." –Chambers France – Tax – 2026
• "Very strong responsiveness and ability to understand issues and provide solutions quickly." –Legal 500 – Tax – 2026
• "Fanny Combourieu and Thomas Guillier stand out particularly for their technical knowledge and flexibility." –Legal 500 – Tax – 2026
• "We work primarily with Fanny Combourieu, Antoine Faure, and Brice Fernandez. They are attentive, competent in their respective fields, available, and pragmatic." –Legal 500 – Tax – 2026
• "Responsiveness, reliability. Experience and teaching skills. They inspire confidence because they master their subject. They offer practical solutions." –Legal 500 – Tax – 2026
• "A dynamic, available and competent team. Excellent service provided." –Legal 500 – Tax – 2026
• "Hands on, dedicated to support. Very reliable, attention to detail, always available." –Legal 500 – Tax – 2026
• "DLA Piper France's tax team distinguishes itself through strong technical expertise, a structured international presence, and a tailored service offering for leading corporate and financial clients." –Legal 500 – Tax – 2026

• Clarification du régime fiscal et social des gains de Management Packages, Option Finance, June 2025
• Loi de Finances pour 2024, 12 January 2024
• Projet de Loi de finances pour 2024 : des changements significatifs pour les entreprises et les particuliers, 04 October 2023
• "DAC 6 : Beaucoup de travail pour rien ?", Les Echos Capital Finance, February 2021
• "Loi de Finances pour 2021", DLA Piper Insights, January 2021
• "Les entreprises face au Covid-19 : quelles mesures fiscales?", DLA Piper Insights, March 2020
• "France publishes transposition order to implement EU DAC6 directive into domestic law", DLA Piper Insights, December 2019
• "Loi de Finances pour 2020", DLA Piper Insights, February 2020
• "Déclaration des dispositifs fiscaux potentiellement agressifs (DAC 6) : l'ordonnance de transposition est parue", DLA Piper Insights, October 2019
• "Loi de finances pour 2019 - Mesures fiscales intéressant les entreprises", DLA Piper Insights, January 2019
• "Loi de finances pour 2019 - Mesures fiscales intéressant les particuliers", DLA Piper Insights, January 2019