Davis Polk welcomes financial partner Nicholas Palumbo
NEW YORK–(BUSINESS WIRE) – Davis Polk today announced that Nicholas Palumbo, a leading private credit and direct lending lawyer, has joined the firm as a partner in the Finance group in New York.
Mr. Palumbo joins Davis Polk after working at White & Case LLP, where he led the private credit and direct lending firm in the Americas. He has extensive experience in structuring and negotiating direct loans and private credit transactions including senior stretch and unitranche facilities, syndicated secured and unsecured loans, second lien and recurring income operations, facilities credit on assets, underwriting lines of credit, subordinated loans and mezzanine financings.
“We are delighted to welcome Nick to Davis Polk,” said Neil Barr, Managing Partner of Davis Polk. “Direct lending has become an essential source of financing for many transactions. With Nick on board, we are further strengthening our leadership position in complex finance. We are in a unique position to guide our clients through the full range of transaction structures, including single source and clubbed direct lending operations, distressed investments and restructurings, syndicated leveraged and large finance. capitalization, as well as transactions in capital markets and derivatives. ”
“Nick has established a market-leading direct lending practice and enjoys an unrivaled reputation for his in-depth understanding of the private lending world and his ability to find creative business solutions,” said Jason Kyrwood, co-director of Davis Polk Financial Group. “Direct lending has grown explosively over the past few years, and Nick brings exceptional market knowledge and experience that will anchor our private lending practice going forward. He is an exceptional addition to our team.
“We couldn’t be more excited about Nick’s arrival and what it means for the continued growth of Davis Polk’s financial practice,” added Jim Florack, co-director of Davis Polk’s financial group. “Davis Polk is a true one-stop-shop for complex financing transactions of all types, and we are uniquely positioned as financing models continue to evolve.”
Nick Palumbo said, “Davis Polk’s finance lawyers are phenomenal across the board. I am excited to join the team and look forward to collaborating with my new colleagues as the company continues to strengthen its investment in the critical space of direct lending. ”
Mr. Palumbo received his JD from Brooklyn Law School in 2004 and his BS from the Leonard N. Stern School of Business at New York University in 1999.
About Davis Polk.
Davis Polk & Wardwell LLP (including its associated entities) is an elite global law firm with world-class practices at all levels. Customers know they can count on Davis Polk for their toughest legal and business matters. Our more than 1,000 lawyers in 10 offices in the world’s major financial centers and political capitals work together seamlessly to deliver exceptional service, sophisticated advice, and creative and practical solutions. Visit davispolk.com.
About Davis Polk Financial Group.
Davis Polk is a leading financial advisory firm, providing personalized and innovative advice on the world’s largest and most complex finance transactions. Clients, including financial institutions, direct lenders and corporate borrowers, rely on our in-depth legal experience and insightful business understanding of global financial markets in transactions, including the financing of leveraged acquisitions and investment grade, direct loans, fund financing, bridging loans, structured, asset-based financing. loans, financing of projects and infrastructure, and financing of debtors in possession and exit. No law firm has a better reputation for excellence in the many types of direct and syndicated financial transactions that are of critical importance to borrowers and lenders.