David Dixter

Partner

Contact
F +44.20.7615.3100

London

10 Gresham Street

London, UK EC2V 7JD

T +44.20.7615.3120

F +44.20.7615.3100

David Dixter a partner and a member of the firm’s European Leveraged Finance and Capital Markets Group.

Primary Focus & Experience

David Dixter advises issuers and underwriters, including major corporates, financial institutions and private equity clients, on equity and debt capital markets and liability management transactions, as well as in securities law and corporate governance matters. He has extensive experience advising on a variety of corporate finance transactions, including initial public offerings, secondary offerings, capital increases and rights offerings, as well as investment grade, emerging markets and sovereign bond offerings. He is a frequent speaker on these topics and has also authored a number of related articles.

 

Select highlights of his transactions include the representation of:

Equity Capital Markets

  • The underwriters in connection with ArcelorMittal’s US$2 billion offering of ordinary shares and mandatorily convertible subordinated notes.
  • The underwriters in connection with NKT A/S’ DKK 1.31 billion rights offering.
  • Nordic Paper Holding AB (publ) in connection with its initial public offering and Nasdaq Stockholm listing.
  • Unifiedpost Group SA/NV in connection with its initial public offering and Euronext Brussels listing.
  • VNV Global Ltd., formerly known as Vostok New Ventures Ltd. (VNV), in connection with its rights offering and redomestication from Bermuda to Sweden.
  • The Foschini Group Limited (TFG) in connection with its R3.95 billion rights offering.
  • The placement agents in connection with Samhällsbyggnadsbolaget i Norden AB (publ)’s (SBB) rights issue launched in connection with SBB's acquisition of Hemfosa.
  • The underwriters in connection with the €669.5 million initial public offering and privatisation of Nova Ljubljanska banka, Slovenia’s largest bank, and the listing of its shares on the Ljubljana Stock Exchange and GDRs on the London Stock Exchange. This is the largest ever Slovenian IPO.
  • The underwriters in connection with Sibanye Gold Limited’s $1 billion rights offering. This is one of the largest ever rights offerings by a South African company and the largest ever acquisition-related capital raising in South Africa.
  • Tele2 AB in connection with its SEK 3 billion rights offering and its SEK 27 billion merger with Com Hem.
  • The underwriters in connection with the NOK 7.9 billion initial public offering and listing on Oslo Børs of Elkem ASA.
  • Sonae SGPS and Sonae MC in connection with the proposed initial public offering and Euronext Lisbon listing of Sonae MC.
  • The underwriters in connection with the initial public offering and listing on Euronext Amsterdam of NIBC Holding N.V.
  • The underwriters in connection with Terveystalo Oyj’s €876 million initial public offering and Nasdaq Helsinki listing.
  • Euronext N.V., as issuer, and Intercontinental Exchange, Inc., as selling shareholder, in connection with Euronext's €1.4 initial public offering and listing on Euronext Paris, Euronext Amsterdam and Euronext Brussels.
  • The underwriters in connection with the €3.8 billion privatisation, initial public offering and Euronext Amsterdam listing of ABN AMRO.
  • The underwriters in connection with the €3.1 billion re-IPO of Endesa SA. The underwriters in connection with Banco Popular Español's €2.4 billion rights offering.

Debt Capital Markets

  • The underwriters on multiple bond offerings by NatWest Group (formerly The Royal Bank of Scotland Group), including its $1.25 billion fixed-rate/floating-rate senior notes offering; establishment of a U.S. medium-term note programme and inaugural offering of $1 billion senior notes and $300 million of floating rate senior notes; $2 billion fixed-rate/floating-rate senior notes offering; $1.5 billion fixed-rate/floating-rate senior note offering; its $2.65 billion perpetual subordinated contingent convertible notes; $1.25 billion floating-rate senior notes; and $2 billon floating-rate senior notes.
  • The initial purchasers in connection with Reckitt Benckiser’s $7.75 billion bond offering in connection with the acquisition of Mead Johnson Nutrition Company; and the initial purchasers in connection with Reckitt Benckiser's €1.7 billion and £500 million senior notes offerings.
  • The underwriters in connection with the Republic of Iraq’s inaugural $1 billion bond offering.
  • Nokia in connection with multiple bond offerings and liability management transactions.
  • Partner Communications Company Ltd. in connection with multiple debenture offering.
  • The Republic of South Africa in connection with the preparation and filing of its annual report on Form 18-K, and the underwriters in connection with a $1 billion SEC-registered bond offering by the Republic of South Africa.
  • Citycon Oyj in connection with multiple bond offerings, including its inaugural €350 million green capital securities, and multiple liability management transactions.
  • Coca Cola European Partners plc (CCEP) in connection with its multiple bond offerings.
  • The underwriters in connection with Banco Santander S.A.’s $2.5 billion registered debt offering.

Recognition & Accomplishments

Mr. Dixter has been ranked as a Notable Practitioner by Chambers UK, which quotes him as being “very knowledgeable with a lot of expertise” and “very practical and commercial.” He is also named as a Leading Individual by the Legal 500 UK, which references him as a “highly user-friendly, commercial” group head who is “always very involved.” Mr. Dixter is named a “Rising Star” by Law360, and has worked on numerous “Deal of the Year” transactions.

Mr. Dixter received his BCL and LLB degrees from McGill University. He started his legal career in the New York and London offices of a prominent Wall Street law firm, then as partner at a leading US firm in London prior to joining Milbank in 2021.

Additional Details
Education
  • McGill University, B.C.L.
  • McGill University Faculty of Law, LLB
Admissions
  • New York