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Dechert LLP

160 QUEEN VICTORIA STREET, LONDON, EC4V 4QQ, ENGLAND
Tel:
Work 020 7184 7000
Fax:
Fax 020 7184 7001
DX:
30 LONDON CHANCERY LANE WC2
Web:
www.dechert.com

David Miles

Tel:
Work +44 20 7184 7558
Email:
Web:
www.dechert.com/people/m/david-miles
Dechert LLP

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

Member

Law Society of England & Wales

Education

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


London: Finance

Acquisition finance

Within: Acquisition finance

Able to leverage the firm's very strong funds brand, both on the formation side and on transactions, Dechert LLP continues to be on the ascendancy in the market since the relatively recent formation of its leveraged finance offering. Focused on advising those in the asset management space, either in their capacity as borrowers seeking to raise finance to facilitate M&A deals, or as direct lenders, the team is praised for its 'top-quality advice and execution' and its 'responsiveness, creativity and industry knowledge'. Described by one client as a 'rare and true rock star of leveraged finance', team head John Markland 'combines deep knowledge of the underlying matter with a commercial aptitude that allows him to effortlessly straddle the principal/adviser divide and deliver superior tactical legal advice'. Particularly strong on the private equity sponsor side, Markland regularly handles work for core client Mid-Europa Partners including recently assisting portfolio company, Moji Brendovi, on a refinancing/recapitalization. The 'excellent' Philip Butler and David Miles 'balance detail and understanding of complexity with commerciality' and both have a 'very strong reputation' for mid-market work in the burgeoning direct lending space. Butler recently advised Ares Management and RBS on a senior debt financing package to support Phoenix Equity Partners’ acquisition of a majority stake in the Forest Holidays Group. Other clients include CVC Credit Partners and VTB Capital.

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