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Hogan Lovells US LLP

COLUMBIA SQUARE, 555 THIRTEENTH STREET, NW, WASHINGTON DC 20004, USA
Tel:
Work +1 202 637 5600
Fax:
Fax +1 202 637 5910
Email:
Web:
www.hoganlovells.com

David Bonser

Tel:
Work 1 202 637 5868
Email:
Hogan Lovells US LLP

Work Department

Corporate

Position

David Bonser advises and represents public and private companies on a wide variety of corporate, securities and partnership transactions, with a particular focus on transactions involving real estate companies. These transactions include public and private equity and debt securities offerings, public and private mergers, asset acquisitions and dispositions, stock purchases, investment fund formation and joint ventures. He regularly advises clients on general business issues and general securities law and reporting compliance matters.

Member

National Association of Real Estate Investment Trusts.

Education

University of Texas School of Law (JD, with honors, 1987); Duke University (BA, cum laude, 1984).


United States

Real estate

Within: Real estate

Hogan Lovells US LLP handles a wide range of real estate work, including cross-border transactions involving foreign investors across Europe, the Middle East and Asia. Areas of expertise include the acquisition, development and restructuring of commercial real estate and REIT-related matters. New York-based Americas real estate head Mark Eagan recently advised Ivanhoé Cambridge on its $3.8bn joint acquisition, with Blackstone, of Pure Industrial Real Estate Trust. Lee Berner and REIT specialist Bruce Gilchrist in the firm's Washington DC office worked together on Greystar Real Estate Partners' $4.6bn acquisition of Education Realty Trust, a college housing REIT based in Memphis. Denver-based Lea Ann Fowler represented Prologis on the sale of a $1.1bn property portfolio - including 41 industrial properties across the US - to Mapletree Investments. Another highlight included advising the Bahrain-based Mumtalakat Holding Company on a $135m joint venture acquisition with Sentinel Partners and Saudi Aramco of the Lenova office campus in North Carolina. Other clients include Parkway, Onexim Sports and Entertainment, Industrial Property Trust and Equity Residential. Bruce Parmley and David Bonser in Washington DC are also recommended. Al Stemp and Lee Samuelson left for Proskauer Rose LLP and Holland & Knight LLP respectively.

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United States: Finance

Capital markets: debt

Within: Capital markets: debt

Hogan Lovells US LLP’s corporate department works seamlessly with its market-leading regulatory practice to pack a punch in handling debt offerings for issuers in the technology, life sciences, government, health and aerospace sectors. Among its headline deals, Washington DC-based Eve Howard led a cross-office team to assist Apple with over $14bn worth of debt offerings, including a $7bn senior notes issuance. Howard also paired up with New York’s Lillian Tsu to advise Marvell Technology Group on a $1bn senior notes offering to support its $6bn acquisition of Cavium. Richard Parrino, also based in Washington DC, advised UnitedHealth Group on a $4bn debt offering. Other key names include New York’s Oscar Stephens, who recently advised the Republic of Ecuador on $5.5bn worth of notes offerings, and Washington DC-based department head David Bonser.

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Capital markets: equity offerings

Within: Capital markets: equity offerings

Among Hogan Lovells US LLP’ key attributes, sources commend its ‘strong presence in REIT-related matters’ and its ‘well-known life sciences expertise’. In addition, the wider firm’s signature regulatory offering also ensures a stream of activity in the TMT, energy and financial institutions spheres. In a recent example of its REIT work, Stuart Barr advised Park Hotels & Resorts on the sale by its largest shareholder, China-headquartered HNA Group, of approximately $1.4bn in common stock through a public secondary offering and a concurrent privately-negotiated repurchase of shares by Park Hotels. Dell Technologies is a marquee client and it turned to Richard Parrino to assist with the $638m IPO of its subsidiary Pivotal Software. REITs specialist David Bonser heads a practice which has also recently undertaken work for Optinose, QTS Realty Trust and Rexahn Pharmaceuticals. All named attorneys are based in Washington DC.

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United States: M&A/corporate and commercial

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Hogan Lovells US LLP's unique national, transatlantic and global platform enables it to offer an especially compelling offering to major corporates. The M&A practice's growing standing across the US has enabled it to advise on a series of headline cross-border transactions. Moreover, it continues to impress in regulated sector deals, most notably in the financial services, life sciences and healthcare, and defense industries. The team is 'very customer driven, practical in its approach, commercially aware and  able to understand the real world issues'. A team led by New York’s Adam Golden and Washington DC partner Joseph Gilligan advised Novartis on its $8.7bn acquisition of AveXis, the US clinical-stage gene therapy biotech company; this was Novartis’s largest US public company acquisition to date. Golden also led the team that advised Celgene on its $9bn acquisition of Juno Therapeutics, the cell-based cancer immunotherapy company. The deals further demonstrate the firm’s leadership in healthcare and life sciences.  It also advised Orbital ATK, the aerospace and defense company, on its $9.2bn sale to Northrop Grumman, the leading global security business. On the West coast, a team led by Silicon Valley partners Richard Climan and Jane Ross advised Walmart on its $16bn acquisition of a majority stake in India-based Flipkar; this was the largest ever completed deal by Walmart and established it as a leader in India's e-commerce market. The firm’s Silicon Valley team is considered to be one of the premier groups of advisers in tech deals with Keith Flaum, another eminent West coast figure, advising Oracle on its acquisition of Aconex in Australia. Baltimore partner Kelly Hardy is 'a standout partner who continues to excel year after year' thanks to her 'responsiveness', 'super high emotional intelligence', 'practical' approach, 'commercial awareness' and 'ability to relate to understand real world issues'. The firm is also a leader in real estate and REIT deals with David Bonser particularly to the fore; a team advised Prologis, on the $1.1bn sale of a high-quality portfolio of buildings and land in Europe and the US to Mapletree, the real estate investment arm of Singaporean sovereign investor Temasek.

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Shareholder activism

Within: Shareholder activism

At Hogan Lovells US LLP, Matt Thomson, David Bonser and John Beckman successfully defended QTS Realty Trust in a campaign launched by Land & Buildings to vote against its management and say-on-pay proposal. Paul Hilton, who divides his time between Denver and New York, is also recommended for shareholder activism matters.

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United States: Real estate

Real estate investment trusts (REITs)

Within: Leading lawyers

David Bonser - Hogan Lovells US LLP

Within: Real estate investment trusts (REITs)

Hogan Lovells US LLP's 'available and responsive team is one of the most knowledgeable practices in the market when it comes to corporate and securities works for REITs'. It is actively involved in every aspect of the REIT industry, including IPOs, M&A, capital markets, joint ventures and corporate governance. The client list includes Apple Hospitality REIT, Colony Capital, Cousins Properties, Greystar Real Estate Partners, JBG Smith Properties and Kite Realty Group Trust. The team advised Greystar Real Estate Partners, a property developer, investor and manager, on its $4.6bn acquisition of Education Realty Trust, a Memphis-based college housing REIT; and acted for the special committee of the board of directors of Phillips Edison Grocery Center REIT II in its merger with Phillips Edison & Company. Group head David Bonser is 'a business-minded, results-oriented lawyer, who sees the practical as well as the technical side of any matter'; and Prentiss Feagles, is 'the pre-eminent tax lawyer in the REIT space and incredibly skilled in structuring complex transactions'. Other key advisers include Michael McTiernan, Matt Thomson Jr and Stacey McEvoy. Named advisers are in Washington DC, unless otherwise stated; Stuart Barr and Cameron Cosby left for Fried, Frank, Harris, Shriver & Jacobson LLP.

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