
Milbank’s equity capital markets team advises corporates, sponsors, and underwriters on IPOs, follow-ons, and private placements across European and global markets. The group combines UK and US securities law capabilities and is active across a range of sectors, including financial services, infrastructure, and energy, with growing strength in Nordic and southern European transactions. Spearheading the firm’s ECM practice is David Dixter, who assists a strong roster of corporates, sponsors, and financial institutions across the full spectrum of equity capital markets transactions. Apostolos Gkoutzinis brings expertise in both US and EU securities matters and is particularly active in the Greek market, while Philipp Klöckner focuses on public takeovers. Alexia Pimbli also comes recommended.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘David Dixter is among the best US ECM lawyers in Europe - it is that simple.'
- ‘The Milbank ECM team has had a very strong Nordic presence over the last many years. With in-depth market knowledge, cultural fit and impeccable legal skills, they have become one of the leading US firms in the Danish market.'
- ‘The team is incredibly knowledgeable on cross border ECM transactions. They are very pragmatic and commercial in their approach.’
- ‘David Dixter is excellent. Very responsive, pragmatic and commercially astute, with a deep knowledge of and extensive experience in capital market transactions.'
- ‘David has more knowledge of different markets than his competitors and better skills to navigate the intricacies of smaller markets.'
- ‘The Milbank team is exceptional to work with, deliver their work swiftly but securely and have the experience to work on the most complex transactions.'
Key clients
- Boxer Retail / Pick n Pay Stores Limited
- Apotea AB
- Goldman Sachs
- J.P. Morgan SE
- General Atlantic
- Citigroup
- Aurous Resources
- BofA Securities Europe
- National Bank of Greece
- BofA
- Danske Bank
- HSBC Continental Europe
Work highlights
Advised the underwriters in connection with Athens International Airport IPO.
Advised Boxer Retail Limited in connection with its IPO and Johannesburg Stock Exchange listing.
Advised Apotea AB (publ) in connection with its initial public offering and Nasdaq Stockholm listing.
Lawyers
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.

Practice head
David Dixter; Apostolos Gkoutzinis
Other key lawyers
Philipp Klöckner; Alexia Pimbli
