Mr David Miles > Dechert LLP > London, England > Lawyer Profile

Dechert LLP
25 Cannon Street
EC4M 5UB
England
David Miles photo

Work Department

Finance; Leveraged Finance; Corporate Finance and Capital Markets; Corporate; Mergers and Acquisitions

Position

Partner

Career

David Miles represents lenders, borrowers, sponsors and corporates on a full range of domestic and cross-border corporate lending and leveraged finance transactions. He has significant experience assisting leading UK and international clients in connection with large-scale private equity backed buyouts, public bids, corporate M&A, refinancings and recapitalizations.

Mr. Miles is well regarded in the debt market sphere for his work in MBOs and transactions utilizing alternative debt products. He regularly advises lenders on all capital structure layers, including senior, second lien, unitranche, mezzanine and PIK and is well regarded for his involvement in the development of unitranche as a major funding source in the European leveraged finance market in recent years. Additionally, his experience includes advising corporate borrowers, funds, lenders and sponsors on complex acquisition financings, corporate lending transactions, and refinancings and restructurings of leveraged assets.

Prior to joining Dechert, Mr. Miles was a partner in the London office of another international law firm where he served as the head of the London debt practice group.

Languages

English

Memberships

Law Society of England & Wales

Education

Exeter University, Law (2:1); The College of Law, Chester, LPC (Commendation)

Lawyer Rankings

London > Finance > Acquisition finance

(Leading partners)

David MilesDechert LLP

The ‘very experienced’ team at Dechert LLP provides ‘commercial’ advice to a fund-focused client base acting both as lenders and borrowers. Consequently, in spite of relatively challenging M&A conditions in 2023, the firm has been relatively well hedged, able as it has been to handle a considerable amount of portfolio work, including in the context of consensual reorganisations. Philip Butler ‘has real presence in the market’, particularly among credit funds providing the financing to sponsors to facilitate M&A in the mid-market. David Miles is also well regarded for his utilisation of alternative debt products including his work at the forefront of the unitranche product. Drawing upon his ‘very technical’ knowledge, Bishoy Eskander is also well-liked by credit funds, who appreciate his ‘deep market insight and how to avoid terms creep to protect the lender’s position’.