Dan Hirschovits
  1. Partner

Mr. Hirschovits is a partner in Davis Polk’s Corporate Department, practicing in the London office. He advises companies, investment banks, private equity sponsors and investors on a wide range of corporate finance and capital markets transactions, including IPOs, secondary offerings, private placements and other equity and debt financing structures, as well as public and private acquisitions, disposals and joint ventures.

He has extensive experience of advising on the rules and market practice relating to UK listed company transactions, securities offerings and corporate governance.

In addition, he also represents companies, shareholders and placement agents on early stage financings and investments, such as private funding round transactions, for start-up and growth companies, with a particular focus in the technology, healthcare and financial services sector.

 
 

Work Highlights

CAPITAL MARKETS

Recent transactions have included advising:

  • The joint bookrunners to Anglo Pacific Group plc on its £46 million cashbox placing and retail offer of new ordinary shares
  • The sponsors and underwriters to Hammerson plc on its £552 million rights issue and Class 1 disposal of its interest in Via Outlets
  • Royalty Pharma plc on its $6 billion senior notes offering
  • Comcast Corporation and Sky Limited and Sky Group Finance plc on consent solicitations in respect of 13 series of outstanding debt securities
  • The underwriters on Zegona Communication's £100.5 million placing of new ordinary shares 
  • ContourGlobal Power Holdings S.A. and ContourGlobal plc, in connection with multiple offerings of senior secured notes
  • ContourGlobal plc on its £1.7 billion IPO and London premium listing
  • The sponsors and underwriters on the IPOs and London premium listings of Charter Court Financial Services Group plc, Wizz Air Holdings plc and OneSavings Bank plc
  • Ferguson plc on its $750 million senior notes offering 
  • The joint bookrunners to Ocado Group plc on mulitple accelerated bookbuild placings of ordinary shares
  • The sponsor and underwriters to Just Retirement Group plc on its £150 million standby underwriting arrangement and £101.1 million placing and open offer
  • Selling shareholders and underwriters on numerous secondary sale block trades
M&A AND PRIVATE CAPITAL

Recent transactions have included advising:

  • Gyroscope Therapeutics Limited on its $148 million private placement of Series C preferred shares
  • Ocado Group plc on its $262 million acquisition of Kindred Systems, an advanced piece-picking robotics company, and acquisition of Haddington Dynamics, a robotics-arm designer and manufacturer
  • Reliance Industries Limited in connection with its agreement to establish a joint venture to be held 51% by RIL and 49% by an affiliate of BP plc relating to their petroleum retail business in India
  • Charles Taylor on its £261 million takeover by Lovell Minnick
  • Temenos on its £1.4 billion takeover offer for Fidessa
  • ContourGlobal plc on its €806 million Class 1 acquisition of Acciona Termosolar
  • Dai-ichi Life Holdings, Inc. in connection with the $6 billion merger of Janus Capital Group, Inc. and Henderson Group plc and its strategic partnership with the combined group
  • Mastercard Incorporated on its £700 million acquisition of 92.4% of VocaLink Holdings Limited

 

Recognition

  • Financial News – "40 Under 40 Rising Star: Legal Services,” 2015
 
 

Of Note

  • Co-Author, “Underwriting Practice and Procedure,” Chapter 8, European Securities Law, 3ed., Oxford University Press
  • Co-Author, Acquisitions and Disposals by Listed Companies, published by the Institute of Chartered Secretaries and Administrators (ICSA) in October 2013
 
 

Professional History

  • Partner, 2017-present
  • Associate, Davis Polk, 2012-2017
  • HSBC, 2011-2012
  • Freshfields Bruckhaus Deringer, 2005-2011
 
 

Bar Admissions

  • England and Wales

Education

  • M.A., History, University of Cambridge, 2000