Cheyne Cudby

Primary Focus & Experience

Cheyne’s experience covers a broad spectrum of sectors, including power and energy, real estate, banking and finance, healthcare, hospitality, oil and gas, and petrochemicals. She also has significant experience in advising corporations and sovereign wealth funds on their corporate finance and M&A matters.

Cheyne’s capital markets experience includes advising:

• the joint lead managers in connection with a debut high-yield bond offering by Aboitiz Equity Ventures;
• the dealers in connection with the update of VLL International, Inc.’s medium term note programme and the issuance of notes under the programme;
• Rizal Commercial Banking Corporation in connection with the issuance of Additional Tier 1 Capital Securities;
• the joint lead managers in connection with the issuance of notes by Filinvest Development Corporation;
• the dealers in connection with the establishment of a medium term note program by AC Energy and the issuance of two tranches of notes under the programme;
• Citi as sole global coordinator in connection with an equity rights offering by Union Bank of the Philippines;
• Philippines National Bank in connection with the establishment of a medium term note programme; and
• the joint global coordinators and bookrunners in connection with the IPO of D.M. Wenceslao & Associates, Inc. an integrated property developer.

Cheyne’s corporate finance and M&A experience includes advising:

• Metro Pacific Investments Corporation and Singapore Sovereign wealth fund, GIC, in connection with the sale to a consortium led by KKR of the majority interest in Metro Pacific Hospital Holdings, Inc.; and
• PH Travel and Leisure Holdings Corp. in connection with a term loan facilities agreement to Emerald Development Holdings Limited, a subsidiary of Udenna Corporation.

Cheyne’s capital markets experience prior to joining Milbank includes:

• a €500 million offering by Smurfit Kappa;
• a €1.1 billion offering by INEOS;
• a US$1.6 billion offering to fund the acquisition of LeasePlan by a consortium of investors;
• the US$1.6 billion equity and ADR offerings in India and the US by HDFC Bank;
• a €350 million offering by Ferroglobe;
• a NZ$250 million US private placement by Auckland Airport; and
• the establishment of a RMB1 billion European medium term notes programme by Fonterra.

Cheyne’s investment fund and M&A experience prior to joining Milbank includes:

• the formation of a New York-based cryptocurrency investment fund;
• the merger of two Toronto-based hedge funds with Cayman investment vehicles;
• the migration of a Cayman private wealth fund to a new investment manager;
• the acquisition of Net-a-Porter by Yoox Group; and
• the acquisition of a New Zealand ice-cream manufacturer by Emerald Foods.

Recognition & Accomplishments

Cheyne received her Bachelor of Laws with first class honors and Bachelor of Commerce and Administration with a major in economics from Victoria University of Wellington, New Zealand. Prior to joining Milbank, Cheyne worked in capital markets in the London office of another highly regarded US law firm. Cheyne has passed the CFA Level I exam and is proficient in French and Italian.