Cleary Gottlieb represented Valeo in its recent offer to repurchase notes under its outstanding €600 million 3.75% notes due June 24, 2013, out of which €400 million were still outstanding, and a simultaneous offering of €500 million 5.75% notes due January 19, 2017. These offerings launched on January 9, 2012 and closed on January 19, 2012.