Aged 47, he assisted Alain de Royer Dupre before he took out his own trainer's licence in 1992. His star filly Terre A Terre catapulted him to international prominence. She won the Gr.1 Prix de l'Opera and ran a close third in the 2001 Hong Kong Cup. A year later she won the Dubai Duty Free and at the end of 2002, Libaud carried off the Hong Kong Vase with Ange Gabriel. His Cup runner this year, Vision D'Etat, won the French Derby last season and Prince Of Wales's Stakes in June.