Michael’s representations prior to joining Davis Polk include:

Leveraged Buyouts – Public

• Sycamore Partners on its $23.7 billion acquisition of Walgreens Boots Alliance, including a €1.1 billion (equivalent) high-yield offering
• Bain Capital and Cinven in €1.3 billion of high-yield offerings to finance their takeover of STADA Arzneimittel
• Financing sources on the $1.2 billion financing for Advent International’s acquisition of Sapiens International
• Advent International in a $900 million high-yield offering to finance its takeover of Ultra Electronics
• Starwood Capital on the financing aspects of its takeover offer for CA Immobilien Anlagen
• Bain Capital and Carlyle on the financing aspects of their takeover offer for OSRAM Licht

Leveraged Buyouts – Private

• Advent International, Cinven and RAG-Stiftung in a €6.7 billion high-yield offering to finance their carve-out acquisition of TKE
• Financing sources on the €1.3 billion financing for Advent International’s acquisition of Kereis
• High-yield offerings in connection with the acquisition by Advent International, Bain Capital and Clessidra of Nexi (€1.1 billion), Advent International of IRCA (€750 million), KKR of SBB Serbia (€475 million), Bain Capital of Diversey (€450 million), Astorg of Kerneos (€350 million), Bain Capital of Wittur (€225 million)

Refinancings and Recapitalizations

• Issuers in high-yield offerings by STADA (€4.6 billion), Nexi (€3.9 billion), Algeco (€1.7 billion), Clarios (€1.1 billion equivalent), Smurfit Kappa (€750 million), Sani/Ikos (€650 million), Travelodge (£390 million), kp (€300 million), Brakes (£200 million), MEIF (£190 million)
• Initial purchasers in high-yield offerings by Medical Properties Trust (€2.3 billion equivalent), Kantar (€1.3 billion), Samvardhana Motherson (€500 million), Merlin (€200 million), TwinSet (€150 million)

Special Situations, Credit Opportunities and Debt Tender Offers

• Ad hoc committees on a recapitalisation of Matalan, an exchange offer by WiZink, a restructuring of Olympic Entertainment Group, an enforcement over Lebara and an exchange offer by HETA Asset Resolution. Issuers on public and private exchange offers by Ideal Standard, Edcon and STADA.
• Various issuers and dealer mangers on unmodified Dutch auction tender offers, waterfall knock-out tender offers, refinancing tender offers and exchange offers