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Paul Davison


Financial services | Life sciences | Pro bono | Restructuring and capital solutions | Tax |

"Paul is very supportive and pragmatic." "Paul has a huge range of knowledge."

Chambers UK 2024

Profile details

About Paul Davison

Paul brings a calm, considered approach to complex tax and finance matters.

He advises on the full range of financing transactions and has particular expertise and experience in distressed debt restructurings. Paul also advises a range of clients on corporate finance mandates (including both public and private M&A), and helps clients resolve complex HMRC enquiries and disputes. Clients appreciate the rigour of Paul’s legal analysis, which he bases on a firm grasp of the commercial realities, and allies with a detailed understanding of accounting concepts.


Recent work

  • Deliveroo on its tender offer to return up to £250 million to shareholders 
  • Indivior plc, the global pharmaceutical company specialising in the treatment of substance use disorders, on its additional US listing on NASDAQ
  • Euromoney Institutional Investor PLC on the £1.6bn recommended cash offer by Becketts Bidco Limited, a newly incorporated company formed by a consortium of funds managed and/or advised by Astorg Asset Management S.à r.l., Epiris GP Limited and Epiris GP III Limited 
  • The sovereign wealth fund of the Kingdom of Bahrain, Bahrain Mumtalakat Holding Company B.S.C., on the share capital reorganisation of McLaren Group Limited
  • ED&F Man Group, one of the world’s largest traders of agricultural products, on its successful corporate restructuring and complex cross-border refinancing, involving the first large scale international financial restructuring where the new English restructuring plan was also used to amend the company’s articles of association
  • Debenhams administrators on the sale of Debenhams’ global IP to boohoo
  • London Stock Exchange Group and other clients on the European Commission’s adverse state aid decision concerning aspects of the UK’s CFC rules, with an ECJ judgment awaited in proceedings to challenge that decision, and advice also ongoing on clients’ responses to HMRC’s enforcement of recovery in the UK in the meantime
  • RELX Group on the disposal of its ‘Proagrica’ business, a brand of LexisNexis Risk Solutions
  • Culligan (a BDT & MSD portfolio company) on the acquisition of the majority of Primo Water Corporation’s business in EMEA
  • Pepco Group N.V. on its debut €375,000,000 high-yield senior secured notes offering and related RCF upsizing and intercreditor restatement 
  • Telereal Trillium on its further issuance of £270m Class A-6 and £35m Class B-2 Notes (2021), and £179m Class A-3 and £76m Class A-4 Notes 
  • The Royal Foundation of the Duke and Duchess of Cambridge on the spin out of “The Earthshot Prize” into its own stand-alone charitable entity