ALFA Partners

Monitoring Trustee

ALFA Partners is an independent monitoring trustee practice based in Paris. It has been appointed in thirteen merger and antitrust mandates before the European Commission and three national competition authorities.

13 ALFA Partners, since 2023
30+ as trustee, since 2015
4 authorities

Current mandates

Third parties with a question, a concern or a complaint relating to an ongoing mandate should write to the case-dedicated address below. Correspondence sent to a case address is handled by the trustee directly.

Ongoing monitoring trustee appointments
Parties Authority Case Decision year Contact & decision
Brasserie Nationale / Boissons HeintzDivestiture · Luxembourg European Commission M.11485 2024
Carrefour / DelhaizeDivestiture · Retail Autorité de la concurrence 25-DCC-56 2025
Louis Wane / TNTBehavioural · Hospitality Autorité polynésienne de la concurrence 2022-CC-02 2022
Ballande — Hyper U Anse UaréBehavioural · Retail Autorité de la concurrence de Nouvelle-Calédonie 2020-DCC-09 2020
Ballande — Hyper U PaïtaBehavioural · Retail Autorité de la concurrence de Nouvelle-Calédonie 2020-DCC-08 2020
Ecolab / AniosStructural & behavioural · Hygiene Autorité de la concurrence 17-DCC-12 2017
ASL / ArianespaceStructural · Aerospace European Commission M.7724 2016

Completed mandates

Mandates discharged following full implementation of the commitments.

Discharged monitoring trustee appointments
Parties Authority Case Decision year Decision
Rubis / SRPPPetroleum · Réunion Autorité de la concurrence 15-DCC-104 2015
Rubis / SARAPetroleum · Caribbean Autorité de la concurrence 15-DCC-54 2015
Airbus / Safran — joint ventureStructural · Space propulsion European Commission M.7353 2014
Antilles Glaces / Brasserie LorraineBehavioural · Brewing Autorité de la concurrence 14-DCC-123 2014
Canal+ Overseas / MediaservBehavioural · Media & telecoms Autorité de la concurrence 14-DCC-15 2014
Bouyer Leroux / Imerys building materialsStructural · Building materials Autorité de la concurrence 13-DCC-101 2013

The role

The four letters of ALFA.

A Accurate

Findings the parties can check and the authority can rely on.

L Leading

A practice built on the cases themselves, not on a methodology deck.

F Fair

One standard, applied to both sides of the file.

A Actionable

Problems raised early enough to be fixed, not merely recorded.

A monitoring trustee is appointed to verify that a company does what it undertook to do. The mandate is narrow, the delegated authority is real, and the position is structurally uncomfortable: the trustee is paid by the parties and reports to the regulator.

That last sentence is the whole job.

Three things decide whether a mandate goes well.

Independence that survives contact with the case. Independence is easy to declare at appointment and hard to hold in month fourteen, when implementation has slipped and the commercially sensible answer is not the one the commitments require. The trustee's only durable asset is that the case team believes the report.

Knowing what the remedy is for. Commitments are drafted quickly, under deadline, by people who are negotiating. They contain gaps, and implementation is where the gaps are found. A trustee who reads the text without the theory of harm behind it will either over-enforce a drafting accident or miss a breach that matters.

Being useful to both sides without being captured by either. Most implementation problems are solvable, and most are better solved early and informally than in a non-compliance report. A trustee who only escalates is not doing the job either.

ALFA Partners is a single-practitioner firm by design. The person the authority approves is the person who reads the documents, attends the meetings and signs the report. Where a mandate calls for specific technical, accounting or sector expertise, ALFA works with named specialists disclosed to the authority at the time of appointment.

Alongside trustee mandates, ALFA Partners advises on regulatory strategy in merger and antitrust proceedings — remedy design, implementation planning, and the practical consequences of commitment wording.

Reference material

The trustee

An authority approves an individual, not a firm.

François Dumonteil

François Dumonteil is a competition lawyer with a general management background, and has acted as monitoring trustee in more than thirty mandates since 2015. He founded ALFA Partners in 2023, after eight years in a previous practice where he led the Paris trustee services team; the mandates he held there transferred with him, and all thirteen listed above are held by ALFA Partners. There he was responsible for the French-jurisdiction mandates — before the Autorité de la concurrence and the New Caledonian and French Polynesian authorities — including the successive Canal+ matters: Vivendi / Groupe Canal+ / TPS and Vivendi / Groupe Canal+ / Direct 8 – Direct Star.

He came to trustee work from a decade in private practice: Senior Counsel at De Gaulle Fleurance & Associés, and before that nine years at Gide Loyrette Nouel — first in the Brussels office, then in the Economic Law department in Paris — on French and EU merger control and antitrust matters.

Admitted to the Paris Bar and currently non-practising, he holds a master's degree in international and European law from Université Panthéon-Assas (Paris II), where he was awarded the Francis Lefebvre prize in corporate law, and an MBA from HEC Paris. The second half of that training is the less usual one, and it is what a mandate tends to turn on: whether a divested business can stand on its own, whether a carve-out's systems and people actually work, whether a behavioural commitment survives contact with a sales force. Those are management questions before they are legal ones.

From 2019 to 2021 he served as Non-Governmental Advisor to the International Competition Network, appointed by the Competition Authority of New Caledonia, contributing to the merger and unilateral conduct working groups.

His analysis of early merger implementation under Article 7(3) of the EU Merger Regulation — a review of every decision since 2004 — was published in Concurrences in May 2024: Deciphering Article 7(3) — full article and summary deck available.

In practice since
2001
Trustee since
2015
Bar
Paris (non-practising)
Education
Panthéon-Assas (Paris II) · HEC Paris
Authorities
European Commission · Autorité de la concurrence · ACNC · APC
Also
Non-Governmental Advisor, ICN (2019–2021)
Languages
French · English
Based in
Paris
Profile
LinkedIn

Contact

For appointment enquiries, conflict checks and case-specific correspondence.

General

contact@alfapartners.eu
+33 (0)1 83 64 40 59
Add to contacts (vCard)

Office

ALFA Partners
6 rue d'Armaillé
75017 Paris
France

Ongoing mandates

Third parties should use the case-dedicated address listed under Current mandates.