Davis Polk & Wardwell LLP‘s derivatives and structured products departments offers an extensive range of conventional and unconventional product structured product advise. The team’s expertise in OTC derivative transactions makes them attractive to hedge funds, corporations, and the US Treasury Department, owing to the team’s experience in accelerated share repurchases, currency, equity, commodity, and interest rate securities, funded collars, swaps, forwards, and hedges. The practice can also rely on strong regulatory capacities, being closely familiar with SEC, CFTC, FDIC and Dodd-Frank regulatory matters. Christopher Schell and Mark Mendez co-head the New York-based team, and field their considerable experience in equity linked products. Yan Zhang is often engaged in new financial products, while Derek Walters is experienced in transactions involving convertible note offerings, along with other OTC derivatives and structured products. Mark DiFiore enjoys a strong reputation in the margin loan, mandatory convertible security, and other equity-linked transaction space. Caitlin Wood fields broad public and private equity-related transaction expertise, including securities offerings, margin loans, hedging, and accelerated share repurchase programs.
Legal 500 Editorial commentary
Accolades
Client satisfaction
Key clients
- Aptiv PLC
- Brookfield Capital
- Cosan
- Equinix
- GoDaddy
- Penumbra
- PPL Capital Funding
- Semtech
- XP Control
Work highlights
Advised Aptiv in connection with accelerated share repurchase transactions it entered into pursuant to which Aptiv is repurchasing an aggregate of $3 billion of its ordinary shares.
Advised the underwriter, forward seller and forward purchaser, in connection with the execution of a forward sale agreement with HL1 17 LP (the selling shareholder), an affiliate of 3G Capital Partners Ltd., relating to the sale of 6,528,013 common shares of Restaurant Brands International Inc. (RBI). In connection with the forward sale agreement, the forward counterparty, borrowed a portion of the shares from third parties, which it then sold to the underwriter of an SEC-registered secondary offering.
Advised the representatives of the initial purchasers in connection with a Rule 144A offering by Snowflake Inc. of $1.15 billion aggregate principal amount of its 0.00% convertible senior notes due 2027, including $150.0 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes and $1.15 billion aggregate principal amount of its 0.00% convertible senior notes due 2029, including $150.0 million principal amount of convertible notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional convertible notes.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Caitlin Wood
Practice head
Christopher S. Schell; Mark Mendez
Other key lawyers
Yan Zhang; Derek Walters; Mark DiFiore; Caitlin L. Wood
