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Mark L. Darley

Partner

Partner

Banking

London

T: 44.20.7519.7160

F: 44.20.7072.7160

mark.darley@skadden.com

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Mark Darley is based in the London office of Skadden. An English-qualified solicitor, he has led Skadden’s European law banking practice since joining the firm in April 2002 and was appointed global co-head of Skadden’s Banking Group in 2009. Throughout his career, Mr. Darley has focused particularly on leveraged finance, restructuring and project finance transactions. His practice embraces advising both lenders and borrowers, including international financial institutions, private equity houses, hedge and other funds, and investment grade corporates. Clients have included Citibank, RBS, SG, SEB, Credit Suisse, UCB SA, Joh. A. Benckiser, Ares Life Sciences, Pfizer Inc., News Corporation, Vue Cinemas, Doughty Hanson and Oaktree.

Notable transactions include advising:

  • Joh. A. Benckiser GmbH in connection with:

    • the related €3.3 billion acquisition financing of its US$9.8 billion acquisition of D.E Master Blenders 1753 N.V; and
    • the subsequent financing of the combination of the coffee businesses of D.E. Master Blenders and Mondelez International, Inc., including advising in its reported €7.6 billion leveraged financing. This was Europe’s largest post-credit crisis leveraged loan transaction;
  • AbbVie Inc. in the financing of its US$54 billion acquisition of Shire plc, including a £13.5 billion bridge loan facility. This is the largest-ever U.S. acquisition of a European company;
  • Pfizer Inc. in the financing of its proposed US$115 billion acquisition of AstraZeneca PLC through a newly formed U.K. holding company;
  • Seat Pagine Gialle S.p.A. in its filing for a composition with creditors for the restructuring of its senior secured bonds and debt facilities;
  • Vue Cinemas Limited in its bid for CinemaxX AG, a German public company;
  • Credit Suisse in the provision of acquisition financing to TPG Capital LLP for its bid for GlobeOp Financial Services SA (Luxembourg), a hedge fund administrator;
  • Ares Life Sciences in its acquisition of an increased stake in Euromedic International;
  • Alfa-Access-Renova (AAR) in the financing aspects of the US$56 billion sale of TNK-BP, a joint venture between AAR and BP plc, to Rosneft Oil Company;
  • Outokumpu in connection with:

    • the refinancing of various syndicate and bilateral facilities; and
    • its acquisition of ThyssenKrupp’s stainless steel business;
  • JC Flowers in its acquisition of Compagnie Européenne de Prévoyance in France;
  • UCB SA in a €1.5 billion financing;
  • various private equity houses in connection with the acquisition of portfolio companies, including Apax, Apollo, Doughty Hanson, JW Childs, Oaktree, Towerbrook and TPG;
  • Basell Polyolefins in its US$23 billion financing for its acquisition of Lyondell Chemical Company and in its proposed US$9.6 billion acquisition of Huntsman Corporation;
  • NASDAQ in the financing of its bid for the London Stock Exchange;
  • Citibank, RBS, SG and SEB in their financing of a bid for a publicly listed company;
  • UCB SA in the financing for its bid for Schwarz Pharma;
  • News Corporation in the financing aspects of the US$3.6 billion going-private acquisition of NDS Group plc;
  • The Vitol Group and Helios Investment Partners LLP in the financing of the acquisition of Royal Dutch Shell plc’s downstream assets in 14 African jurisdictions;
  • TeleColumbus GmbH in the restructuring of its debt financing;
  • Access Industries in the Chapter 11 proceedings and DIP financing for LBI;
  • various financings for infrastructure and mining projects; and
  • several private equity portfolio companies in the restructuring of their leveraged finance facilities.

Mr. Darley has been selected for inclusion in Chambers Global: The World’s Leading Lawyers for Business, Chambers UK and Who’s Who Legal – Banking, and named “Leveraged Finance Lawyer of the Year in England 2014” by Global Law Experts.

Bar Admissions

Solicitor, England & Wales

Education

LL.B. (Honours), Manchester University, 1983

College of Law, Chester (Law Society Final Examinations), 1984

Publications

"A Comparison of Key Provisions in U.S. and European Leveraged Loan Agreements"

The International Comparative Legal Guide to: Lending & Secured Finance 2014

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