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 EC1Y, London EC2R, New York, 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