Title

London

About the Office

Davis Polk’s London office, which opened in 1972, consists of a team of over 50 English and U.S. law-qualified lawyers who are familiar with working on the most complex international and cross-border deals.

We focus on providing sophisticated advice across the full range of private and public M&A, equity and debt capital markets, finance and restructuring transactions. Our corporate and finance teams are supported by lawyers with first-rate corporate tax, regulatory and anti-trust experience.

As with other Davis Polk offices, many of our London-based lawyers are acknowledged as being leaders in their fields and our transaction teams are frequently recognized for innovation and client service.

Lex et Brexit

On June 23, 2016, the U.K. electorate voted to leave the European Union. The referendum was advisory rather than mandatory and did not have any immediate legal consequences. It has and will continue to have, however, a profound effect.

Davis Polk is pleased to publish Lex et Brexit, our fortnightly publication on Brexit developments. 

Read the publications >

Recognition

  • Ranked among the leading U.K. law firms in Capital Markets: Debt and Equity Offerings – Chambers UK 2015
  • "Houses a deep bench of UK and US qualified lawyers, highly skilled in all aspects of DCM and ECM work. Regularly advises on many of the markets most complex and high-profile transactions. Utilises the firm's international network of offices to offer effective coverage across multiple jurisdictions." – Chambers UK 2015
  • "Since 2012, Davis Polk & Wardwell LLP's London office has offered English law capabilities alongside its US law offering, and has been involved in a number of big-ticket transactions." – Legal 500 U.K. 2014
  • "The build out of its international network, including the development of local law capabilities in key markets such as London and Hong Kong, has earned it an even stronger standing when it comes to muti-jurisdictional deals." – Legal 500 U.S. 2014

Capital Markets

Equity

  • Cellnex (€1.9 billion). We advised Cellnex on its €1.9 billion initial public offering and Spanish Stock Exchange listing.
  • Wizz Air (£258 million). We advised the sponsor and other underwriters on Wizz Air's £258 million initial public offering and London listing.
  • Charles Taylor (£30 million). We advised Charles Taylor on its £30 million rights issue on the London Stock Exchange.
  • NNIT (DKK 1.25 billion). We advised NNIT and the selling shareholder on NNIT's DKK 1.25 billion initial public offering and NASDAQ Copenhagen listing.
  • Thule (SEK 2.1 billion). We advised Thule Group on its SEK 2.1 billion initial public offering and NASDAQ Stockholm listing of shares.
  • UBM (£545 million). We advised UBM on its £545 million rights issue on the London Stock Exchange and class one acquisition.
  • OneSavings Bank (£134.3 million). We advised the global coordinator on OneSavings Bank’s £134.3 million initial public offering and London listing.
  • NN Group (€1.54 billion). We advised the underwriters on NN Group’s €1.54 billion initial public offering and Euronext Amsterdam listing.
  • esure Group (£1.209 billion). We advised esure Group on its £1.209 billion initial public offering and London listing.
  • Royal Mail (£1.722 billion). We advised Royal Mail on its £1.722 billion initial public offering and London listing.

Debt

  • The Royal Bank of Scotland
    • ($3.125 billion). We advised RBS on its $2 billion offering of subordinated contingent convertible additional Tier 1 notes due 2020 and $1.15 billion subordinated contingent convertible additional Tier 1 notes due 2025.
    • ($2.25 billion). We advised RBS on its offering of $2.25 billion 5.125% subordinated Tier 2 notes due 2024.
    • ($1 billion). We advised RBS on its offering of $700 million 1.875% senior notes due 2017 and $300 million floating-rate notes due 2017.

ING

  • ($2.5 billion). We advised the underwriters on a $2.5 billion offering of fixed-rate notes  by ING Bank.
  • ($2.25 billion). We advised the underwriters on a $2.25 billion offering of additional Tier 1 convertible notes by ING Groep.
  • ($2.35 billion). We advised the the underwriters on a $2.35 billion offering of fixed-rate notes by ING Bank.
  • Naspers ($1.2 billion). We advised the underwriters on a $1.2 billion notes offering by Myriad International Holdings B.V., a wholly owned subsidiary of Naspers Limited.
  • Rio Tinto ($1.2 billion). We advised the underwriters on a $1.2 billion notes offering by Rio Tinto Finance (USA) Limited.
  • Abengoa (€200 million). We advised the underwriters on the early conversion of unsecured convertible notes due 2019.
  • Roche ($1 billion). We advised Roche in connection with its $1 billion notes offering and concurrent cash tender offer.
  • Telecom Italia ($1.5 billion). We advised Telecom Italia on Its $1.5 billion senior notes offering.
  • Anglo American ($1 billion). We advised the underwriters on a $1 billion senior notes offering by Anglo American.

M&A

  • Dialog Semiconductor ($4.6 billion). We advised Dialog Semiconductor on its $4.6 billion acquisition of Atmel.
  • Ladbrokes ($2.3 billion). We advised the financial advisers, sponsors and underwriters to Ladbrokes on its proposed merger with certain businesses of Gala Coral.
  • Just Retirement (£1.7 billion). We advised the lead financial adviser, sponsor and underwriters to Just Retirement Group on its proposed £1.7 billion merger with Partnership Assurance Group, £150 million standby underwriting arrangement and £101.1 million placing and open offer.
  • GO Scale (£3.3 billion). We advised a GO Scale Capital-led consortium on its acquisition of an 80.1% interest in Philips' combined LED components and automotive lighting business.
  • Verisk Analytics (£1.85 billion). We advised Verisk Analytics on its £1.85 billion acquisition of Wood Mackenzie from Hellman & Friedman and others.
  • Temenos (€235 million). We advised Temenos on its €235 million acquisition of Multifonds from Summit Partners and others.
  • Ball Corporation (£4.3 billion). We advised the lead financial adviser to Ball Corporation on its £4.3 billion takeover of Rexam.
  • Green King (£774 million). We advised the sponsors and financial advisers to Greene King on its £774 million acquisition of Spirit Pub Company.
  • Imperial Tobacco ($7.1 billion).We advised the sponsor and financial adviser to Imperial Tobacco on its $7.1 billion acquisition of assets from Reynolds American in connection with its $27.4 billion acquisition of Lorrilard.
  • Tele 2 ($2.4 billion). We advised Tele 2 on the $2.4 billion disposal of its Russian operations to VTB.
  • Edwards Group ($1.6 billion). We advised Edwards Group on its $1.6 billion acquisition by AtlasCopco.

Credit and Restructuring

  • CF Industries ($4 billion). We advised the joint lead arrangers and joint bookrunners on a $4 billion senior unsecured 364-day bridge facility for CF Industries in connection with its proposed acquisition of certain subsidiaries on OCI.
  • Solvay ($6.4 billion). We advised Solvay on the bridge financing for its $6.4 billion acquisition of Cytec Industries.
  • Abengoa Finance (£375 million). We advised the initial purchasers on a £375 million high-yield notes offering by Abengoa Finance.
  • Mylan ($34 billion). We advised the arranger on the bridge financing to support Mylan's proposed $34 billion public-to-private acquisition of Perrigo.
  • Verisk Alalytics (£1.85 billion). We advised Verisk Analytics on the financing for its £1.85 billion acquisition of Wood Mackenzie from Hellman & Friedman and others.
  • Temenos (€235 million). We advised Temenos on the financing for its €235 million acquisition of Multifonds from Summit Partners and others.
  • Advanced Computer Software (£725 million). We advised the lenders to Vista Equity partners on its £725 million takeover of Advanced Computer Software.
  • Abengoa Yield ($323 million). We advised the initial purchasers on a $323 million high-yield notes offering by Abengoa Yield.
  • Bridon (£365 million). We advised the lenders to Ontario Teachers' Pension Plan on its £365 million acquisition of Bridon.
  • Synergy Health ($1.9 billion). We advised the lenders to STERIS on its £1.9 billion acquisition of Synergy Health.
  • Abengoa Greenfield (€265 million). We advised the underwriters on a €265 million high-yield notes offering by Abengoa Greenfield.
Location
  • London

    Davis Polk & Wardwell London LLP
    5 Aldermanbury Square

    London

    England
    EC2V 7HR
    P: + 44 20 7418 1300
    F: + 44 20 7418 1400

    Davis Polk & Wardwell London LLP is a limited liability partnership formed under the laws of the State of New York, USA, and is authorised and regulated by the Solicitors Regulation Authority with registration number 566321.

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