The DCM practice at Fried, Frank, Harris, Shriver & Jacobson LLP, which climbs the ranking this year, is ‘very smart, thorough, hardworking and always on to get the deal done’. The firm acts for both issuers and underwriters on structured and bespoke debt products including hybrid bonds, equity-linked convertible and exchangeable offerings, regulatory capital transactions, as well as in complex liability management deals. Head of EMEA transactions Ashar Qureshi and key partner John Satory are skilled in both ECM and DCM transactions. Newly promoted partner Aseet Dalvi has extensive experience in SEC-registered programs and issuances, as well as EMTN programmes.
Testimonials
Collated independently by Legal 500 research team.
‘Very smart, thorough, hardworking and always on to get the deal done. Deep sectorial knowledge and excellent understanding of the law. Also, I always found them to be very commercial and focused on delivering the right result for their clients.’
‘I especially like Aseet Dalvi - he is incredibly smart and knowledgeable, very dedicated to getting the deal over the line and has fantastic across-the-board experience. I love working with him.’
Key clients
- Goldman Sachs
- Navios Maritime Holdings
- Puma Energy
- Standard General / The Queen Casino & Entertainment Inc.
- Grupo Televisa, S.A.B.
- Liquid Intelligent Technologies / Cassava Technologies
- NiSource Inc.
- Petershill Partners plc
- Blue Owl GP Strategic Capital
- Novelis Inc.
Work highlights
- Represented Puma Energy on a successful tender offer to purchase $410 million in the aggregate of its 5.125% U.S. dollar-denominated Senior Notes due2024and 2.650% Euro-denominated Amortizing Senior Notes due 2024, as well as a subsequent redemption of the holdover U.S. dollar-denominated notes, building on the flexibility obtained through its earlier June 2023 consent solicitation.
- Advised Navios Maritime Holdings on the restructuring of a 2021 convertible debenture into a senior secured PIK debenture. The Senior Secured PIK Debenture will mature on January 9, 2029 and bear interest at a fixed rate of 18% per annum, payable semi-annually in-kind.
- Acted as counsel to NiSource Inc., one of the largest fully-regulated utility companies in the United States, in connection with the SEC-registered 2023 remarketing and final remarketing of preferred stock (with mandatorily convertible features and with a liquidation preference of $1,000 per instrument) that were a component of a NiSource’s 2021 offering of stapled units comprising purchase contracts and preferred stock.
Practice head
The lawyer(s) leading their teams.
Ashar Qureshi