Danny Tricot heads Skadden’s European capital markets practice. 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 repeatedly has been 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 extensive experience in equity listings on the London Stock Exchange, but also advises on listings on various other international exchanges. Most of the offerings that he has worked on have included a Rule 144A component. Mr. Tricot’s experience includes advising:

  • National Atomic Company Kazatomprom and Sovereign Wealth Fund Samruk-Kazyna (as selling shareholder) on Kazatomprom’s US$451 million IPO and listings on the London Stock Exchange and the Astana Exchange;
  • TMF Group in connection with its proposed IPO and admission to listing on the premium segment of the London Stock Exchange;
  • Phoenix Group Holdings on its:
    • rights issue on the London Stock Exchange to raise £950 million to partially finance the £2.9 billion acquisition of Standard Life Assurance from Standard Life Aberdeen plc; and
    • rights issue on the London Stock Exchange to raise £735 million to partially finance the £935 million acquisition of Abbey Life from Deutsche Bank AG;
  • Globalworth Real Estate Investment Limited on an equity fundraising to raise €340 million;
  • M7 Real Estate on the establishment of a new closed-ended investment fund, M7 Multi-Let REIT plc, and the REIT’s proposed £300 million initial public offering of ordinary shares;
  • Old Mutual plc on the strategic and managed separation of its U.S. asset management business OM Asset Management plc (OMAM) through various public and private disposals for an aggregate consideration of more than US$2 billion;
  • Hochschild Mining plc on a £65 million rights issue on the premium listing segment of the London Stock Exchange;
  • Greenhill & Co. LLC and Cenkos Securities plc as financial advisors to the management buy-in team of The AA on the £1.4 billion acquisition of The AA via an accelerated IPO on the London Stock Exchange;
  • the sponsors on the redomiciliation of Evraz Group S.A. to the United Kingdom and premium listing on the London Stock Exchange;
  • Och-Ziff Capital Management Group in connection with a £250 million rights issue by Phoenix Group Holdings;
  • Eurasia Drilling Company Limited on its US$3.4 billion IPO and listing on the London Stock Exchange of global depositary receipts; and
  • Travelport Limited on its proposed US$1.8 billion premium listing on the London Stock Exchange.

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

  • The Egyptian General Petroleum Corporation (EGPC) on eight separate financings in both the debt capital markets and the bank markets carried out by monetising long-term commodity sale agreements, raising in aggregate approximately US$10 billion;
  • HSBC Securities (USA) Inc. as lead underwriter in multiple debt offerings by HSBC Holdings plc, raising in aggregate in excess of US$47 billion;
  • the underwriters on seven separate sovereign bond offerings by the State of Qatar, raising in aggregate in excess of US$49 billion;
  • the Arab Republic of Egypt on three separate sovereign bond offerings, raising in aggregate in excess of US$6 billion;
  • Banco BTG Pactual S.A. on the establishment of its global medium-term note programme and in various offerings under the programme;
  • Cinépolis India Private Limited on its private placement of Rs.3.7 billion fixed rate “Masala” bonds due 2021;
  • Atlas Mara Limited on its US$81 million placement of senior secured convertible notes due 2020; and
  • Zobele Holding S.p.A. on its €180 million high-yield bond issue.

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

  • Waypoint GP Limited, an investment fund created by the Bertarelli family, in its €730 million take-private acquisition of Stallergenes Greer plc;
  • Eurasia Drilling Company Limited on the proposed acquisition of a 51 percent stake in the company by Schlumberger Limited;
  • the majority shareholders of Eurasia Drilling Company Limited on 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. on its US$8 billion acquisition of the European, North American and global distribution businesses of OCI N.V.;
  • Permira Funds on the US$2.8 billion sale of its portfolio company Iglo Foods Holdings Limited to Nomad Holdings Limited;
  • Nokia Corporation on the US$7.1 billion sale of its devices and services business to Microsoft Corporation;
  • Colfax Corporation on its US$2.4 billion acquisition of Charter International plc; and
  • The Egyptian General Petroleum Corporation (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.

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