The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Fried, Frank, Harris, Shriver & Jacobson LLP

ONE NEW YORK PLAZA, NEW YORK, NY 10004, USA
Tel:
Work +1 212 859 8000
Fax:
Fax +1 212 859 4000
Email:
Web:
www.friedfrank.com
Frankfurt, London, New York, Paris, Washington DC

Daniel Bursky

Tel:
Work 212 859 8428
Email:
Fried, Frank, Harris, Shriver & Jacobson LLP

Work Department

Corporate, capital markets, finance, private acquisitions and private equity

Position

Corporate partner and co-head of the Firm’s Capital Markets Practice. Concentrates his practice in corporate finance and US securities law, representing both issuers and underwriters in a variety of financing transactions, including equity offerings, convertible securities, high-yield debt and bank financings. Often represents investment banks and private equity firms with respect to acquisition financings, including bank, mezzanine and high-yield debt. Active in restructurings and special situations.

Career

Mr. Bursky joined Fried Frank in 1993 and became a partner in 2001. He is also an adjunct professor at Cardozo Law School, teaching a course in private equity.

Member

Mr. Bursky is a member of the International Bar Association and a board member of the Stanley M. Isaacs Neighborhood Center, a social service agency in the settlement house tradition.

Education

Mr. Bursky received his JD from Columbia Law School in 1993, Harlan Fiske Stone Scholar, and his BA from Yale University in 1990.


United States: Finance

Capital markets: debt offerings

Within: Capital markets: debt offerings

Fried, Frank, Harris, Shriver & Jacobson LLP, which has significantly increased its market share of investment grade transactions during recent years, has a robust underwriter-side practice and is also routinely called upon by issuers. Key names Daniel Bursky and Stuart Gelfond, who co-lead the New York-based group, advised the underwriters on five debt offerings by Athene Global Funding totaling $2.7bn. Bursky and Andrew Barkan acted for the underwriters on multiple issuances by Procter & Gamble, including assisting Citigroup Global Markets, Goldman Sachs and JP Morgan Securities with Procter & Gamble’s two-tranche $2bn notes offering. Recent issuer clients include Coach, Humana and Merck.

[back to top]

Capital markets: equity offerings

Within: Capital markets: equity offerings

Fried, Frank, Harris, Shriver & Jacobson LLP strikes the right note with its ‘extremely responsive service’ and ‘high-quality work product’. The firm continues to win a good balance of issuer and manager-side mandates, with notable strength in advising private equity sponsors. In a recent example, group-co head Daniel Bursky and ‘up-and-coming partnerMark Hayek advised JELD-WEN Holding, an Onex portfolio company, on its $661m IPO and its $495m secondary offering. The same pair also advised the underwriters on Athene Holdings’ $1.2bn IPO and its two secondary follow-on offerings. Team co-head Stuart Gelfond is ‘an excellent and extremely responsive relationship partner’ and assisted Oneok with its $1bn at-the-market offering. The ‘outstanding’ New York-based team also includes younger partner Andrew Barkan, who advised AEA portfolio company Evoqua Water Technologies on its $500m IPO.

[back to top]

Capital markets: global offerings

Within: Capital markets: global offerings

Among Fried, Frank, Harris, Shriver & Jacobson LLP’s manager-side highlights, group co-head Daniel Bursky advised the underwriters on a string of equity and debt offerings for Athene Holding, including its headline $1.2bn IPO. Issuer mandates included group co-head Stuart Gelfond assisting Merck with its €1bn offering of two series of euro-denominated senior unsecured notes. The shipping sector is also a notable source of work and Joshua Wechsler recently acted as underwriter’s counsel on a debt offering by Scorpio Tankers and equity offerings by Diana Shipping and Star Bulk Carriers. Other key contacts in the New York-based department include Andrew Barkan, Joshua Coleman and ‘very strong’ rising star Mark Hayek.

[back to top]

Capital markets: high-yield debt offerings

Within: Capital markets: high-yield debt offerings

Highly responsive and commercialFried, Frank, Harris, Shriver & Jacobson LLP’s ‘excellent team’ is, according to some clients, ‘comprised of subject matter experts’. The New York-based group is sought after by a diverse spread of corporate issuers and private equity sponsors as well as leading investment banks such as Bank of America Merrill Lynch, Morgan Stanley and Deutsche Bank. Stuart Gelfond, who co-heads the practice, acted on a string of high-yield debt deals through 2017, including advising the issuers on Lithia Motors’ $300m private placement of senior notes and Terex Corporation’s $600m private offering. Daniel Bursky co-leads the group and advised the initial purchasers on Warrior Met Coal’s $350m offering of senior secured notes. Joshua Coleman and Andrew Barkan are also recommended.

[back to top]

Commercial lending

Within: Commercial lending

Fried, Frank, Harris, Shriver & Jacobson LLP enjoys a strong reputation in the market, both for its borrower and lender work. The hugely experienced F William Reindel has stepped down as group head and is concentrating more on the fee-earning work, and has been replaced at the helm by J. Christian Nahr, who is well regarded for his advice to sponsors. The firm added to its sponsor side team through the recruitment of Adam Summers from Cadwalader, Wickersham & Taft LLP, while the arrival of partner Meredith Mackey, formerly counsel at Davis Polk & Wardwell LLP, added to the lender side. One of the firm’s most significant matters came from luxury fashion company Coach, concerning its $2bn financing for its acquisition of the fashion brand, Kate Spade. The firm also advised Goldman Sachs on the $455m financing of its acquisition of Transcendia, a plastics products manufacturer. On the lender side, a team headed by Brian Murphy and Reindel, advised a group of five joint lead arrangers, led by Citibank, on the $990m financing of Onex’s acquisition of Moran Foods. Other key partners include Daniel Bursky, Stewart Kagan and Julian Chung.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New Legislation Reduces Maximum Weekly Working Hours in Korea

    *For better understanding of this article with other graphics , we highly recommend you to visit our firm's website as below. http://www.bkl.co.kr/upload/data/20180410/bkl-legalupdate-2018000410.html#.WsxBYIhuaHs
  • Supreme Court Renders Decision Calling for “Gender Sensitivity” in Sexual Harassment Cases

    Amid the widespread attention that sexual harassment/violence in the workplace has received due to international movements such as the “Me Too” movement, the Supreme Court of Korea has recently rendered a significant decision on the need to reform the judicial system’s approach to sexual harassment cases.
  • Geographical Indications Of Origin In Serbia: Where The Past Fuels The Future

    This article was written by Dragomir Kojić, Partner ⃰, and Tamara Bubalo, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine. To see the original article, please follow this link.
  • Striving Towards the Black Gold

    This article was written by Petar Mitrović, Partner ⃰, and Nikolina Kažić, Associate ⃰, and was originally published in Issue 5.2 of the CEE Legal Matters Magazine To see the original article, please follow this
  • Montenegro To Publish A Tender For A 200 MW Solar Power Plant

    The Montenegrin Government plans to publish a tender for the lease of state land for the purpose of constructing a solar power plant in the municipality of Ulcinj. According to the announcement, the tender envisages a total of 6,621,121 square meters of land for the planning, construction, exploitation, and maintenance of a solar power plant at Briska gora, in the very south of Montenegro.
  • Laying the Foundations: ZF Group Building a Factory in Serbia

    The Karanović & Nikolić team, led by Senior Partner Marjan Poljak and Senior Associates ⃰ Ana Stanković and Ana Luković, advised ZF Friedrichshafen on the project of opening an electric vehicle parts factory in Pančevo, Serbia. The German company, a global leader specialising in the design, research and development, and manufacturing activities in the automotive industry, laid the foundations and began construction on 21 June 2018.
  • Harmonising the GDPR in Mauritius

    Mauritius is the first country in the southern hemisphere to have recently revamped its data protection legal regime by repealing the previous Data Protection Act 2004 (" DPA 2004 ") and adopting a new law, namely the Data Protection Act 2017 (" DPA 2017 ") following the adoption of the General Data Protection Regulation (Regulation (EU) 2016/679) (" GDPR ") in the European Union. 
  • Listing on the Emerging Companies Market of the Cyprus Stock Exchange

    A.     INTRODUCTION
  • DORDA advises on the acquisition of Austrian office properties Denk Drei

    Stefan Artner , Partner and Head of the Real Estate Practice Group, and real estate attorney Klaus Pfeiffer of DORDA advised Austrian Real Estate Development GmbH ( ARE , a subsidiary of Bundesimmobilien-Gesellschaft, the Austrian privatization agency) on the acquisition of the Denk Drei office properties from IC Development . The successful closing of the forward purchase transaction took place on April 30, 2018. The parties have agreed not to disclose the purchase price.
    - Dorda
  • A closer look at Settled Status for EU citizens

    Following the release of more details of the UK Government’s scheme for a streamlined application process to grant EU citizens in the UK settled status to safeguard their position following the UK’s departure from the EU, our EEA immigration solicitors here at OTS Solicitors take a look at the post-Brexit position for EU nationals and what the settled status scheme entails in more detail.