Danny Tricot leads Skadden’s European corporate finance practice and is based in the London office. His capital markets work includes acting for issuers and underwriters on a broad range of equity and debt transactions.

Bio

Mr. Tricot’s general corporate practice includes experience in complex cross-border mergers and acquisitions. He has worked across several European jurisdictions, and also in growth markets, with extensive experience in the Middle East, Africa and Russia.

Chambers UK has described Mr. Tricot as “an incredibly hard-working lawyer” who displays “a balance of commerciality and technical brilliance.” He also is listed as a leading individual in Chambers Europe, Chambers Global, The Legal 500 and IFLR1000. He was named as one of only three lawyers in the Financial News’ Top 100 Rising Stars 2007, and in 2016 he was featured in the Financial News’ Hall of Fame. Mr. Tricot’s work has been repeatedly recognised for its quality and innovation in various international awards, including several commendations in the Financial Times’ “Innovative Lawyers” reports, and various IFLR awards.

On the equity side, Mr. Tricot has advised on initial public offerings, rights offerings and private placings. He has been involved in equity listings in London and on various international exchanges. Most of the offerings that he has worked on have included a Rule 144A component. Mr. Tricot’s experience includes advising:

  • Phoenix Group Holdings in its fully underwritten rights issue to raise £735 million to partially finance the acquisition of Abbey Life from Deutsche Bank AG, one of the largest acquisition funding rights issues of recent years;
  • Hochschild Mining plc, a precious metals company focused on the exploration, mining, processing and sale of silver and gold in North, Central and South America, in a £65 million rights issue on the premium listing segment of the London Stock Exchange;
  • Old Mutual plc, a provider of investment, savings, insurance and banking services, as selling shareholder in a US$267 million secondary offering of ordinary shares of OM Asset Management plc;
  • Greenhill & Co. LLC and Cenkos Securities plc as financial advisers to the management buy-in team of The AA, the United Kingdom’s largest roadside assistance provider, in the £1.4 billion acquisition of The AA via an accelerated initial public offering on the London Stock Exchange;
  • Och-Ziff Capital Management Group, an institutional asset manager, in connection with a £250 million rights issue by Phoenix Group Holdings, a provider of insurance services in the United Kingdom;
  • the sponsors in the redomiciliation of Evraz Group S.A., a steel producer, to the United Kingdom and premium listing on the London Stock Exchange. This was the first premium listing of a Russian business in the form of a PLC, and was the first Russian business to be included within the FTSE 100;
  • Gazprom, the Russian state-owned oil and gas company, in relation to the listing on the London Stock Exchange of additional American depositary shares;
  • Travelport Limited, a provider of distribution, technology, payment and other services for the travel and tourism industry, on its proposed US$1.8 billion premium listing on the London Stock Exchange;
  • the founders of Eurasian Natural Resources Corporation plc (ENRC), a Kazakhstan/Central African-focused natural resources company, in connection with ENRC’s US$14 billion IPO and premium listing on the London Stock Exchange;
  • Eurasia Drilling Company Limited, an oilfield services company in Russia, on its US$3.4 billion initial public offering and listing on the London Stock Exchange of global depositary receipts; and
  • the banks acting as listing sponsors for Barclays in its £67.5 billion share and cash offer for ABN AMRO.

Mr. Tricot’s experience also covers a range of debt capital markets work. His experience includes acting for:

  • Atlas Mara Limited, an investment firm specialising in acquisitions in the African financial and financial services sectors, on its US$81 million placement of 8% senior secured convertible notes due 2020;
  • the lead underwriter in a US$10 billion offering of senior notes and contingent convertible securities by HSBC Holdings plc. The senior notes issuance is the largest issue of debt by a foreign financial institution into the U.S. market in 2016 and HSBC’s largest-ever dollar issuance;
  • The Egyptian General Petroleum Corporation (EGPC), the Egyptian state-owned petroleum company, on six separate financings in both the debt capital markets and the bank markets carried out by monetising long-term commodity sale agreements, raising in aggregate in excess of US$7 billion;
  • the Arab Republic of Egypt on three separate sovereign bond offerings, raising in aggregate in excess of US$6 billion;
  • the underwriters in five separate sovereign bond offerings by the State of Qatar, raising in aggregate in excess of US$25 billion;
  • Banco BTG Pactual S.A., a Brazilian bank, in the establishment of its global medium-term note programme and in various offerings under the programme;
  • Zobele Holding S.p.A., a manufacturer of air fresheners and insecticide products based in Italy, on a €180 million high-yield bond issue; and
  • the underwriters in a number of offerings of notes by VimpelCom Holdings BV, the Russian telecommunications company.

Mr. Tricot’s M&A experience includes advising:

  • the majority shareholders of Eurasia Drilling Company Limited in its US$1.7 billion going-private acquisition by certain management and core shareholders;
  • Ares Life Sciences AG, an investment fund created by the Bertarelli family, in connection with the cross-border merger of Ares Allergy Holdings with subsidiary Stallergenes and Greer Laboratories to create a leading allergenic immunotherapy company, listed on the regulated market of Euronext Paris, known as Stallergenes Greer PLC;
  • CF Industries Holdings, Inc. in its proposed US$8 billion acquisition of the European, North American and global distribution businesses of OCI N.V.;
  • Permira Funds in the US$2.8 billion sale of its portfolio company Iglo Foods Holdings Limited to Nomad Holdings Limited;
  • Russell Investments, a subsidiary of Northwestern Mutual Life Insurance Company, in its US$2.7 billion acquisition by the London Stock Exchange Group plc;
  • Nokia Corporation in the US$7.1 billion sale of its devices and services business to Microsoft Corporation;
  • Colfax Corporation, a manufacturer of fluid handling products, in its US$2.4 billion acquisition of Charter International plc, an owner of a welding and cutting business and an air and gas handling business; and
  • EGPC in the US$303 million sale via an auction of four oil fields located in the Gulf of Suez to PICO International Petroleum and KUFPEC; and in the US$1.4 billion sale of the exploration, development and productions rights of three gas fields located in the Mediterranean Sea known as the Abu Qir Concession, to Edison International S.p.A., an energy company in Italy.

Credentials

Education

  • Legal Practice Course (Distinction), The College of Law, London, 1996
  • Law with French Law (First Class Honours), University College London, 1995

Admissions

  • Solicitor, England & Wales

Danny Tricot