Overview

David McHugh doesn’t simply represent his clients – he becomes part of their executive team. Drawing on his experience counseling a wide range of companies, from startups to Fortune 500 businesses, David crafts legal strategy with a singular goal: achieving his clients’ business objectives. Regularly serving as outside general counsel to public and private companies both inside and outside of the United States, David collaborates with the firm’s other practice groups to find practical, forward-thinking solutions. Many of David’s former colleagues have become clients, relying on him for his day-to-day business and legal insight.

David has extensive experience advising public and private companies in connection with mergers and acquisitions and general corporate matters, including organizational and compliance issues. He combines deep legal knowledge with an entrepreneurial spirit to provide a fresh perspective on his clients’ challenges and helps develop comprehensive, cost-effective solutions. David then works with clients to adjust these solutions as they are implemented, ensuring successful outcomes that support long-term business strategies.

David’s clients are from diverse fields – such as manufacturing, technology, consumer, and industrial products – and they appreciate his flexible, responsive counsel. He works with every level of management, and is adept at handling corporate governance, compliance, and securities-related issues for businesses of all sizes. Clients trust David as a discreet, thoughtful adviser, and return to him for counsel regularly.

David is often called upon by clients to lead their international transactions. Clients rely on David’s judgment that he has developed from his first-hand experience working on an individual basis with a wide network of counsel throughout the world and navigating complex legal issues on cross-border transactions.

In addition to his work with public companies, David has represented a variety of others in their business dealings. He has advised issuers and investment banks in equity and debt offerings; has been bond counsel for state and local political subdivisions; and he works with private equity sponsors and investors in their acquisition, divestiture, and financing activities.

  • Experience

    • Represented Newell Brands (NYSE: NWL) in the following transactions:
      • Disposition of Jostens Inc., the Minnesota maker of school memorabilia and class and championship rings, to private equity firm Platinum Equity for approximately $1.3 billion in cash.
      • $615 million acquisition of the worldwide stationery products businesses (PaperMate, Parker, Waterman and Liquid Paper brands) of The Gillette Company, which included the acquisition of stock and assets in more than 40 countries.
      • $450 million acquisition of American Saw & Mfg. Company, a manufacturer of saw-blade products.
      • $445 million acquisition of Technical Concepts®, a global provider of innovative restroom hygiene systems.
      • $270 million sale of Levolor and Kirsch window covering brands to Hunter Douglas.
      • Sale of its Rexair business to investment funds affiliated with Rhône Capital, a global private equity firm.
      • $100 million acquisition of Smith Mountain Industries, a candle maker that sells under the WoodWick candle brand.
      • $75 million acquisition of Chesapeake Bay Candle from its founders.
      • Acquisition of CardScan, Inc; the acquisition of United Receptacle, a high-end commercial receptacles manufacturing business; the acquisition of the assets of the BebeSounds® brand of child and juvenile products; and the acquisition of the assets of the Solano® brand of hair styling and related products and accessories for salon professionals.
      • Disposition of the BernzOmatic business; the disposition of Newell’s Totes business to United Solutions,
      • Disposition of hardware businesses (Amerock, Ashland, Bulldog and Shur-Line brands) to Nova Capital
    • Represented Snap-on Incorporated (NYSE:SNA), a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions, in the following transactions:
      • Acquisition of Pro-Cut International, which designs, manufactures and distributes equipment used in brake servicing by automotive repair facilities, for approximately $42 million in cash.
      • Acquisition of Sweden-based Car-O-Liner Holding AB for approximately $155 million in cash.
      • Acquisition of Sturtevant Richmont for approximately $13 million in cash.
      • Acquisition of Norbar Torque Tools, which designs and manufacturers torque control equipment.
    • Represented Roper Technologies (NYSE:ROP) in the sale of its machinery protection and condition monitoring hardware platform systems, products and services, including software, and in the acquisition of BillBlast, an e-billing software, by its Aderant unit.
    • Represented TTS Tooltechnic Systems, a privately held company based in Germany, in its acquisition of SawStop LLC.
    • David represented Franklin Electric Co., Inc. (Nasdaq: FELE) in the following transactions:
      • $121 million acquisition of Little Giant Pump Company, a worldwide manufacturer of submersible and above-ground water pumps and products, from Tecumseh Products. The stock purchase expanded Franklin’s customer base in the residential and commercial markets.
      • $35 million acquisition of Healy Systems, Inc., a worldwide provider of Stage II Vapor Recovery Systems and Components used at gasoline stations to reduce vapor emissions during refueling.
      • Acquisition of multiple pump-related businesses, including a division of Monarch Industries Limited, WEStern Pumps LLC, HQ Couplers LLC, Beaudreau Electric, Inc. and Calvert Engineering, Inc.
    • David worked on the disposition by merger of Chicago-based New Asia Bank to Cathay Bank (Nasdaq: CATY), a $23.46 million transaction in cash and stock.

    David has also worked on numerous unpublished acquisitions and dispositions for public and private clients, including private equity funds, in a variety of industries.

  • Credentials

    Education

    • Syracuse University College of Law, J.D., 1997, cum laude
      Certificate of Specialization in Law and Economics
      Justinian Honorary Law Society
    • University of Vermont, B.A., Economics and Political Science, 1994

    Bar Admissions

    • Illinois

            Professional Memberships

            • American Bar Association, Section of Business Law
            • Chicago Bar Association
            • Florida Bar Association
            • Vermont Bar Association
          • Insights

            TITLE
            News Release

            Schiff Represents Newell in Sale of Rexair

            Schiff Hardin LLP represented Newell Brands, a leading global consumer goods company, in the sale of its Rexair business to investment funds affiliated with Rhône Capital, a global private equity firm.

            News Release

            Schiff Hardin Advises Snap-on in Power Hawk Acquisition

            Schiff Hardin LLP represented Snap-on Incorporated (NYSE:SNA), a manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions, in its acquisition of Power Hawk Technologies for approximately $8 million.

            News Release

            2019 Leading Lawyers Lists Recognize 95 Schiff Attorneys

            Schiff Hardin LLP is pleased to have 95 attorneys named to the 2019 Leading Lawyers list.

            News Release

            The Legal 500 Recognizes Three Schiff Hardin Practices for the Third Time in a Row

            Schiff Hardin LLP is pleased to announce that three of its practice groups have been recognized for the third consecutive year by The Legal 500 United States 2018 guide, a nationwide analysis of law firms with input from more than 300,000 corporate counsel on which firms provide the most cutting-edge and innovative advice.

            News Release

            95 Schiff Hardin Lawyers Named to 2018 Leading Lawyers Lists

            Ninety-six Schiff Hardin lawyers have been named to the 2018 Leading Lawyers lists for Illinois and Michigan.

            News Release

            99 Schiff Hardin Attorneys Named to 2017 Leading Lawyers List

            Ninety-nine Schiff Hardin lawyers have been named to the 2017 Leading Lawyers list for Illinois and Michigan.

            News Release

            PlacementTracker Recognizes Schiff Hardin in Q3 2016 U.S. PIPE Market Investor Counsel League Tables

            Schiff Hardin was the 12th most active investor counsel in Q3. The firm was also the 11th most active placement agent counsel.

            News Release

            91 Schiff Hardin Lawyers Named to 2016 Illinois, Michigan Leading Lawyers Network

            The list is comprised of those attorneys who are most recommended as top lawyers among their peers.

            Alert

            ISS and Glass Lewis Policy Updates for the 2016 Proxy Season

            With the 2016 proxy season getting started, we would like to remind clients that Institutional Shareholder Services (ISS) and Glass Lewis have each made some revisions to their 2016 voting policies. If your proxy statement involves any of the following topics, you should review these updates.

            Trending Legal Issue

            SEC Proposes Clawback Rules

            On July 1, 2015, the Securities and Exchange Commission (SEC) issued a proposed rule that implements the clawback provisions of the Dodd-Frank Act.

          • Citizenship

            Pro Bono Activities

            David is a long-standing supporter of Lurie Children’s Hospital of Chicago. He serves on many of its boards and committees, including the Children’s Research Fund, where he was Chairman for three years.

            Civic and Charitable Memberships

            • Lurie Children's Medical Center of Chicago, Director
            • Lurie Children's Hospital of Chicago Foundation, Executive Committee, Director
            • Stanley Manne Children's Research Institute, Director
            • Children's Research Fund, Director, Executive Committee, Legal Counsel, Past Chairman; Past Treasurer
            • Children’s Research Fund Junior Board Foundation, Legal Counsel, Past Co-Chair