During more than 25 years of practice, Kevin Vold has served as the lead attorney advising on corporate, securities and finance matters to clients in diverse industries, including real estate; hospitality and gaming; telecommunications, media and technology; aerospace and defense; biotechnology; energy; retail; and specialty finance and banking.

Chair of Polsinelli's Securities & Corporate Finance practice, Kevin represents issuers and underwriters in equity and debt capital markets transactions, including:
  • Initial public offerings
  • Secondary offerings for significant selling shareholders
  • Follow-on common stock offerings, including “at-the-market” continuous offering programs
  • Offerings of preferred securities
  • Registered and Rule 144A offerings of investment grade and high-yield notes, both secured and unsecured and convertible and non-convertible

In addition, Kevin represents clients in a broad range of strategic transactions. He has negotiated and implemented all types of M&A transactions, ranging from small tack-on transactions to multi-billion dollar public company exits, and has led complex internal restructurings and reorganizations, including carve-out financings and other significant realignment efforts.

Kevin also proactively counsels public company clients to address corporate governance issues and comply with SEC, NYSE and Nasdaq rules and regulations. Along with advising and counseling boards of directors and senior management in the development and implementation of corporate strategy, structure and governance matters, Kevin partners with clients in connection with their preparation and filing with the SEC of current and periodic reports and annual meeting proxy materials and other matters arising under the federal securities laws.

Kevin’s capital markets experience includes the following representative transactions:
  • Advising a clinical-stage biopharmaceutical company in its $71.2 million PIPE transaction; its successful “uplisting” to Nasdaq; its $78.2 million follow-up public offering; and its $100 million “at-the-market” continuous offering program.
  • Representing a Nasdaq-listed manufacturing company in its Rule 144A offerings of an aggregate of $875 million of senior notes.
  • Counseling a Nasdaq-listed animal health company in its Rule 144A offering of senior convertible notes.
  • Representing a NYSE-bank holding company in its registered public offering of investment grade debt.
  • Advising a NYSE-listed lodging REIT on its $150 million IPO; its $147.6 million follow-on offering; its $240.5 million follow-on offering; its $125 million offering of Series A cumulative redeemable preferred shares; its $138.3 million follow-on offering; its $173 million follow-on offering; its $100 million “at-the-market” continuous offering program; and its $154 million follow-on offering.
  • Counseling the underwriters in the $253.4 million initial public offering of a lodging REIT focused on upscale and upper midscale hotels; its $50 million offering of Series A cumulative redeemable preferred shares; its $112.5 million follow-on offering; its $75 million offering of Series B cumulative redeemable preferred shares; its $155.3 million follow-on offering; its $85 million offering of Series C cumulative redeemable preferred shares; and its $158.7 million follow-on offering.
  • Representing a mall-based specialty retailer in its $175 million Rule 144A offering of senior secured high yield notes in April 2011 and the Rule 144A offering by its parent company of $165 million of senior PIK toggle notes.
  • Advising a leading self-storage REIT in connection with 11 public offerings of depositary shares representing interests in its serial cumulative redeemable preferred shares having an aggregate offering price of more than $3.5 billion, and a secondary offering by a related party of approximately $105 million of common shares.
  • Representing a specialized commercial finance company on its $340 million initial public offering and more than $2.5 billion of subsequent securities offerings.

Strategic Transactions

Selected strategic transaction engagements in which Kevin has played a leading role include the following:

  • Advising Chesapeake Lodging Trust in its approximately $2.5 billion sale to Park Hotels & Resorts.
  • Counseling a NYSE American-listed company in a “going private” transaction with a related party.
  • Representing a NYSE-listed media company in multiple bolt-on acquisitions of complementary digital marketing and media properties.
  • Advising the independent directors of a NYSE-listed REIT in the acquisition of development property from a related party.
  • Counseling a Chinese conglomerate in its acquisition of a controlling interest in a NYSE-listed solar technology company.
  • Representing a leading self-storage REIT in its SEC-registered redomestication as a Maryland real estate investment trust and in its SEC-registered acquisition of approximately $100 million of limited partnership interests in various joint venture affiliates.
  • Advising a joint venture comprised of U.S. private equity fund and Chinese conglomerate in its acquisition by merger of a NYSE-listed hospitality company with an aggregate transaction value of approximately $600 million.
  • Advising Highland Hospitality Corporation in its approximately $2 billion sale to a private equity buyer.
  • Counseling a specialty commercial finance company in various strategic transaction efforts, including its pre-IPO reorganization; its conversion to a REIT and related special dividend of cumulative earnings and profits; its acquisition and securitized financing of approximately $250 million of senior living facilities; its proposed disposition of its senior living business through a $345 million carve-out IPO; and various issuer tender offers and consent solicitations relating to its debt securities.
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