David Dixter

Select highlights of his transactions include the representation of:

Equity Capital Markets

• Boxer Retail Limited and its parent company, Pick N Pay Stores Limited, in connection with Boxer's initial public offering and Johannesburg Stock Exchange listing. Shortlisted for IFLR Africa Capital Markets Deal of the Year 2025.
• The underwriters on the share capital increase of Cenergy Holdings S.A.
• The underwriters on the divestment of Hellenic Financial Stability Fund’s 10% stake in National Bank of Greece S.A.
• General Atlantic on the successful placement of shares in ATOSS Software SE
• Pick n Pay on its ZAR4 billion rights offering.
• Joint global coordinators and managers in connection with separation and listing of Svitzer Group A/S, A.P. Møller-Mærsk’s towage and marine services activities.
• Aurous on $362M business combination with Rigel Resource.
• The underwriters in connection with the initial public offering and Athens Stock Exchange listing of Athens International Airport S.A., Greece's biggest IPO in over 15 years. Winner of IFLR Europe Equity Deal of the Year 2025.
• Euronext Oslo-listed Kalera PLC on its business combination with Agrico Acquisition Corp and transition to a listing on Nasdaq. The combined company will retain the Kalera name and commenced trading on Nasdaq under the new ticker symbol “KAL.”
• Kalera AS, one of the preeminent leafy green vertical farming companies and a leader in plant science for producing high-quality produce in controlled environments, in connection with a definitive merger agreement with Agrico Acquisition Corp., a special purpose acquisition company. As a result, Kalera will transition from its current EuroNext Growth Oslo listing to a publicly listed company with its common shares traded on the NASDAQ stock market during Q2 2022. This all-stock transaction creates a combined company with an equity value of approximately $375 million on a fully diluted pro forma basis.
• The underwriters in connection with the initial public offering and Nasdaq Stockholm listing of Synsam, the leading optical retailer in the Nordic Region.
• The underwriters in connection with the initial public offering and Oslo Børs listing of AutoStore, Norway’s biggest IPO in 20 years. The AutoStore shares priced at NOK 31 per share, valuing the company at NOK 103.5 billion (US$12.4 billion).
• Storskogen Group AB in connection with its initial public offering and listing of its shares on Nasdaq Stockholm. The total value of the offering amounted to SEK 13.4 billion (US$ 1.5 billion), which represents the largest offering in Stockholm this year. The shares commenced trading on Nasdaq Stockholm on October 6, 2021.
• Carnegie Investment Bank AB, Danske Bank A/S, Danmark, Sverige Filial and Jefferies GmbH. as joint global coordinators, and ABG Sundal Collier AB, Skandinaviska Enskilda Banken AB (publ) and UBS Europe SE as joint global bookrunners in connection with the initial public offering and Nasdaq Stockholm listing of Cary Group. Trading on Nasdaq Stockholm commenced on September 23, 2021. The offering price was set at SEK70 per share, corresponding to a market value for all outstanding shares of approximately SEK9.2 billion ($1.1 billion).
• Acast AB in connection with its initial public offering and the listing of its shares on Nasdaq First North Premier Growth Market. Trading in the shares commenced 17 June 2021.
• The underwriters in connection with the initial public offering and Nasdaq Copenhagen listing of Switzerland-based Trifork Holding AG. The transaction closed on May 31, 2021.
• 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 in connection with NatWest Group Plc’s offering of $1.75B senior notes.
• Citycon on €300M green notes and tender offer.
• The underwriters, led by NatWest Markets Securities Inc., in connection with NatWest Group plc’s offering of $1 billion 5.516 % Senior Callable Fixed-to-Fixed Reset Rate Notes due 2028. The underwriters also included BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC and RBC Capital Markets, LLC.
• Storskogen Group AB (publ) on its bank facility agreement of €500 million, to be used as a back-up facility and to increase financial flexibility.
• The dealers in connection with the issuance of US$500 million 3.750% Notes due 2032 by The Israel Electric Corporation Limited (“IEC”). IEC is the largest supplier of electrical power in Israel. The State of Israel holds 99.85% of IEC’s shares.
• Lar España, a leading Spanish real estate developer and property asset manager, on two green bond issuances this year: its €400M Senior Unsecured Green Bond Offering and related tender offer and with its €300M Senior Unsecured Green Bond Offering.
• The underwriters in connection with ArcelorMittal’s US$2 billion offering of ordinary shares and mandatorily convertible subordinated notes.
• 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 US 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

David has been ranked as a Notable Practitioner by Chambers UK, which quotes him as being a “heavyweight’ in the equity capital markets space, “very knowledgeable with a lot of expertise and always attentive to client’s needs” 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.” David is named a “Rising Star” by Law360, and has worked on numerous “Deal of the Year” transactions. David is also recognized as a “Highly Regarded” by IFLR 1000 2023.

Clients note:

"David is an extremely pragmatic lawyer who has a wealth of experience across several markets in Europe."

"David Dixter has good communication skills, as well as excellent judgement and analytical skills."

"David Dixter is a very responsive and can-do partner."

"David is truly knowledgeable about the Nordic market."

"He is highly commercial, responsive and gives good advice on the matter at hand, which is always delivered in a personable manner."

"David can find solutions that clients need in complicated situations. He is professional, commercial, and precise."

“David Dixter stands out for his knowledge and experience in relation to US securities law and Nordic ECM transactions, primarily IPOs.”

“Exceptionally talented, very commercial and highly experienced team. They are solutions driven.”

“David Dixter has a wealth of experience mixed with a great ability to always keep an eye on the bigger picture whilst comfortably assisting clients navigate complex issues.”

David 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.