David Miles

david-miles

David Miles

Partner

London | 160 Queen Victoria Street, London EC4V 4QQ
+44 20 7184 7558 | +44 20 7184 7001

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David Miles represents lenders, borrowers, sponsors and corporates on a full range of domestic and cross-border corporate lending and leveraged finance transactions. He has significant experience assisting leading UK and international clients in connection with large-scale private equity backed buyouts, public bids, corporate M&A, refinancings and recapitalizations.

Mr. Miles is well regarded in the debt market sphere for his work in MBOs and transactions utilizing alternative debt products. Noted by Chambers UK 2017 as “highly experienced and very commercial,” he regularly advises lenders on all capital structure layers, including senior, second lien, unitranche, mezzanine and PIK and is well regarded for his involvement in the development of unitranche as a major funding source in the European leveraged finance market in recent years. Additionally, his experience includes advising corporate borrowers, funds, lenders and sponsors on complex acquisition financings, corporate lending transactions, and refinancings and restructurings of leveraged assets.

Mr. Miles is ranked among the top banking and finance lawyers in the UK by Chambers Global , where he is described in the 2018 edition as "very responsive, very clear in communicating the specific issues at hand and very user-friendly." He is praised as “a technically adept lawyer [who is] able to step back and see the wider picture.” Mr. Miles is also recognized in Chambers Europe and Chambers UK for banking and finance as well as recommended in The Legal 500 UK for acquisition finance and banking lending: investment grade debt and syndicated loans.

Prior to joining Dechert, Mr. Miles was a partner in the London office of another international law firm where he served as the head of the London debt practice group.

Experience
  • Ares Management Limited on their provision of a financing package to support Phoenix Equity Partners acquisition of a majority stake in Nexus Vehicle Rentals Group from Bowmark Capital.
  • CVC Credit Partners and EQT Credit as mandated lead arrangers in connection with the provision of senior and subordinated financing facilities to the Paymentsense Group.
  • Ares and HSBC Bank plc on their provision of additional unitranche and senior financing facilities to the Ocorian Group.
  • Ares and HSBC Bank plc on their provision of a senior debt financing package to support the Medivet Group, in which Inflexion Partnership Capital has a minority investment. 
  • Ares on the provision of their financing package in support of MxP Partners LLP buyout of the pub group, Amber Taverns Group.
  • Ares on the provision of their financing package in support of Midlothian Capital Partners to acquire Park Leisure.
  • Ares and Barclays Bank plc in connection with their provision of unitranche and super senior debt facilities to assist in the funding of the acquisition of Dobbies Garden Centres from Tesco, by a consortium led by Midlothian Capital Partners and Hattington Capital.
  • Ares and Barclays Bank plc in connection with their provision of unitranche and super senior facilities to assist in the funding of the management buyout by Inflexion Private Equity of Bedell Trust, a leading, award-winning, corporate, fund and fiduciary administration company.
  • Ares and Barclays Bank plc in connection with their provision of unitranche and super senior facilities in connection with Inflexion Private Equity’s Partnership Capital, minority investment, in CloserStill Media Ltd (CloserStill), the UK’s fastest growing international media and exhibitions business.
  • HSBC Bank plc in connection with its provision of senior debt facilities to assist Warburg Pincus in its acquisition of a majority stake in Mercator Group a leading provider of travel and transportation solutions with significant operations in the Middle East from dnata, part of the Emirates Group. Through dnata, the Emirates Group continues to hold a minority stake in the company following the transaction.
  • CVC Credit Partners in connection with its provision of second lien facilities to the Southern Dental Group.
  • Lloyds Banking Group in its provision of senior debt facilities (alongside third party mezzanine facilities) to assist Dunedin Private Equity in its investment in Alpha FMC the leading global asset and wealth management consulting firm.
  • Crédit Agricole Corporate and Investment Bank, GE Corporate Finance Bank SAS, HSBC Bank plc, Investec Bank plc, Lloyds Bank plc and The Royal Bank of Scotland plc on their provision of senior debt finance (with ICG providing mezzanine finance) to fund the secondary buyout of the Education Personnel Group of Companies by ICG with an enterprise value in excess of £300 million together with related recapitalizations.
  • The Mill Group and Equistone Private Equity in connection with the refinancing of The Mill Group's financing facilities.
  • A major global oil producer in connection with the refinancing of its super senior facilities alongside the refinancing of its high yield financing arrangements.
  • UBS in connection with the provision of bridge debt facilities for certain subscription obligations for an AIM IPO followed by corporate lending facilities provided to the underlying group.
  • A Swedish borrower in connection with the provision of debt liquidity facilities from Deutsche Bank AG for Middle Eastern, Swedish and Cypriot operations.

Includes matters handled at Dechert or prior to joining the firm.

Education
  • Exeter University, Law, (2:1)
  • The College of Law, LPC, 1994, Commendation, Chester
Admissions
  • England and Wales