David is a partner in Bowman Gilfillan’s Corporate Department. David specialises in mergers and acquisitions, capital markets and general corporate and commercial law, as well as the provision of regulatory advice in the field of black economic empowerment. In the capital markets area, David was the execution partner of the team that advised Royal Bafokeng Platinum Limited in relation to a combined offering of its shares (involving a primary issue by the company, and a secondary issue by its shareholders) and its listing on the JSE, which will take place at the beginning of November 2010. He was also part of the team that acted as South African counsel to Morgan Stanley in the secondary offering by Anglo American of some of its shareholding in Exxaro at the time of its IPO, and more recently, was part of the team advising Bharti in the proposed listing of its GDRs on the JSE as part of the greater proposed merger transaction with MTN.
Recent M&A transactions that David has advised on include black economic empowerment transactions entered into by Merrill Lynch and Cisco Systems, Inc. involving the disposal of equity stakes in the listed parent companies to South African empowerment shareholders and the disposal by Boart Longyear of its mining capital equipment business to a private equity buyer. David was also part of the team advising the Tongaat-Hulett Group in relation to a transaction involving, inter alia, the unbundling of Tongaat Hulett Group’s shareholding in Hulamin and the introduction of BEE partners into both Tongaat Hulett and Hulamin.