David Broadley
Partner and Global Co-Head, Corporate
London
David Broadley
Partner and Global Co-Head, Corporate
London
Contact details
David is co-head of our Global Corporate Practice with over 25 years corporate finance experience in both public and private M&A transactions and a wide range of equity capital markets deals, acting for both issuers and underwriters. David’s client base has a significant focus on financial institutions. He is also head of our UK Equity Capital Markets business.
David is a "market Leader" in IFLR1000 for ECM, and listed as a leading individual in Legal 500 for M&A and ranked in Chambers UK legal directory for both M&A and ECM.
David receives praise for the quality of his advice in complex M&A and equity capital market transactions. Chambers UK 2021 (M&A).
"When the full Covid-19 crisis struck, the value of David Broadley’s team was apparent – they were able to advise with confidence and clarity how market practice was changing (which was daily). We received a high level of carefully thought-out and bespoke advice that meant we negotiated this period without missteps." Legal 500 UK 2021 (Corporate Governance) .
"He's excellent - he's a hard worker and clients love him." Chambers UK 2021 (ECM).
Qualifications
Professional
Academic
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Experience highlights
Advising Quilter on its demerger from the Old Mutual group of companies and the associated IPO of Quilter on the London Stock Exchange and Johannesburg Stock Exchange.
Advising 21st Century Fox on its GBP27.7bn takeover bid for Sky and the subsequent GBP11.6bn sale of its 39% stake in Sky to Comcast.
Advising Worldpay on its GBP2.24bn IPO on the London Stock Exchange, at its time the largest IPO of a private equity company in the UK and the largest UK FinTech IPO.
Advising Virgin Money on its GBP 4.4bn merger with CYBG.
Qualifications
Professional
Academic
Fraudulent emails
Please note there is a known fraud/scam currently using the Allen & Overy brand and David Broadley's name.
More information on fraud using the Allen & Overy brand can be found here.
Other noteworthy experience
Advising:
- A multinational insurance company on its GBP5.6bn recommended al-share acquisition of the life insurance specialist Friends Life Limited.
- A leading UK consumer business and its banking company on the recapitalisation plan for the banking company which involves a consensual bail in, the first of its kind in the UK, and other capital raising initiatives.
- HBOS on its GBP4bn rights issue and subsequent acquisition by Lloyds Banking Group and the associated GBP11.5bn placing and open offer.
- A global financial institution on the purchase of Fauchier and the joint venture with Fauchier Partners Management Limited, and then the subsequent sale to Permal Group Limited, a subsidiary of Legg Mason, Inc.
- Direct Line Insurance Group plc and parent company, The Royal Bank of Scotland Group plc, on the GBP2.9bn IPO of Direct Line on the London Stock Exchange (and pre-IPO Tier 2 debt issuance).
- Virgin Money on the acquisition of Northern Rock and its GBP1.25bn IPO on the London Stock Exchange.
- A global financial institution on the purchase of Fauchier and the joint venture with Fauchier Partners Management Limited, and then the subsequent sale to Permal Group Limited, a subsidiary of Legg Mason, Inc.
- KCA Deutag on its USD660m acquisition of Dalma Energy's Omani and Saudi Arabian land drilling business.
- The core UK shareholders in a European division of a payments technology company on the company’s EUR16.5bn acquisition of that European division.
- A multinational insurance company on the sale of its Asia-Pacific Real Estate platform to JPMorgan Asset Management.
- Gjensidige Forsikring, the Norwegian insurer, on its EUR54m acquisition of 99.879% of the issued share capital of the Lithuanian unit PZU Lietuva from Polish state-controlled insurer PZU.
- A global financial institution on the disposal of their wealth management business in the Netherlands.
Published work
- Co-Author, 2011, United Kingdom chapter in "Mergers & Acquisitions", Global Legal Insights by Global Legal Group
Recognition
"a very experienced practitioner who knows the best way of doing things"
Chambers 2020, ECM
has an ability to step back out of the minutiae and give a good, commercial view of the bigger picture around a situation
Chambers UK 2020, ECM
Leading individual
Legal 500 UK 2020
very pragmatic and knowledgeable and able to give you a lot of confidence.
Chambers UK 2019, Corporate/M&A
Awards & accolades
KCA Deutag's acquisition of Dalma Energy – M&A Deal of the Year
IFLR Middle East Awards 2018
Worldpay IPO - Equity Deal of the Year
IFLR Europe Awards 2016
