Daniel Hemli regularly advises clients on complex antitrust issues relating to mergers, acquisitions and joint ventures and advocates before federal, state and foreign antitrust authorities. He has experience representing both buyers and sellers in connection with investigations of numerous national and multinational acquisitions and joint venture transactions across a broad range of industries, including oil and gas, electric power, chemicals, commercial and industrial equipment, waste services, construction materials, consumer goods, healthcare, technology and financial services. He has advised on transactions in a variety of contexts, including negotiated deals, hostile takeovers and distressed situations. Dan also counsels clients on a broad range of antitrust matters arising out of their day-to-day operations and assists clients in designing and implementing antitrust compliance programs. He prides himself on having a thorough understanding of his clients' business operations and objectives and providing very practical and business-focused advice.
Before joining Bracewell, Dan practiced with the New York law firm Wachtell, Lipton, Rosen & Katz.
Recent Notable Matters
TC Energy Corporation — approximately $1.275 billion sale of US midstream assets held by its subsidiary, Columbia Midstream Group, to a subsidiary of UGI Corporation
Upper Bay Infrastructure Partners — acquisition of Tidewater Transportation & Terminals, a multi-commodity transportation, terminal, and marine construction and repair company serving the Pacific Northwest, from Stonepeak Infrastructure Partners. Upper Bay Infrastructure Partners was the lead investor of a group consisting of Ullico, funds and accounts under management by BlackRock, Silverfern and certain other co-investors.
Halcón Resources Corporation — $325 million divestiture of water infrastructure assets across the Delaware Basin to a subsidiary of WaterBridge Resources LLC
East Texas Medical Center Healthcare System — sale of substantially all assets to Ardent Health Services, including a network of 9 hospitals, 39 clinics, 2 inpatient facilities, 13 regional rehabilitation facilities, physician clinics, 2 emergency centers, regional home health services covering 41 counties, a comprehensive seven-trauma center care network, and an EMS fleet of more than 45 ambulances and 4 helicopters. In connection with the acquisition, Ardent and The UT Health Science Center formed a partnership and will invest more than $125 million in the new UT Health East Texas health system to support operations and fund improvements.
Holly Energy Partners, L.P. — $250 million acquisition from Plains All American Pipeline, L.P. of the 50 percent and 75 percent interest in Frontier Aspen LLC and SLC Pipeline LLC, respectively, that Holly Energy Partners does not already own
Great Plains Energy Incorporated — stock-for-stock merger of equals transaction with Westar Energy, Inc., creating a company with a combined equity value of approximately $14 billion, and with nearly 13,000 MW of generation capacity and more than 51,000 miles of distribution lines
Chevron Corporation — sale to ONEOK Partners, LP of the Mesquite Pipeline and its 80 percent interest in the West Texas LPG Pipeline Limited Partnership for approximately $800 million
Southern Waste Systems/Sun Recycling — sale of residential, commercial, and industrial solid waste collection, processing/recycling and transfer operations and assets to Waste Management Inc. of Florida
Alinda Capital Partners and GE Energy Financial Services — sale of SourceGas Holdings LLC to Black Hills Corp. for $1.89 billion
Duke Energy Corporation — $2.8 billion sale of its Midwest merchant generation business to a subsidiary of Dynegy Inc., which includes ownership interests in 11 power plants with a total capacity of approximately 6,100 MW, as well as Duke’s competitive retail electric and gas business; Platts Global Energy Awards, 2015 Strategic Deal of the Year
Lufkin Industries, Inc. — $3.3 billion acquisition by a global conglomerate of a manufacturer of oilfield equipment and industrial gearboxes
Phillips 66 — exchange of Phillips Specialty Products Inc. to Berkshire Hathaway Inc. for shares of Phillips 66 stock held by Berkshire Hathaway affiliates, valued at approximately $1.4 billion
Dexter Axle Company — a designer and manufacturer of trailer axles, brakes and related components, in the acquisition of AL-KO Vehicle Technology from AL-KO Kober SE for €370 million to form DexKo Global Inc.
Apache Corporation — $3.75 billion sale of its Gulf of Mexico Shelf operations and assets to Fieldwood Energy LLC, an affiliate of Riverstone Holdings
Old World Industries, LLC and Old World Management, Inc. — sale of its chemicals business to Indorama Ventures PCL for $795 million
FTS International, Inc. — sale of substantially all of the assets of its proppant mining and processing business and related logistics assets to Fairmount Minerals
Rockland Capital, LLC — acquisition of a portfolio of six generating plants with a combined generation capacity of 972.5 MW from AES Ohio Generation, LLC
The Sterling Group — sale of Universal Fiber Systems, a manufacturer of high-performance, specialty synthetic fibers, to funds managed by HIG
Howard Midstream Energy Partners, LLC — purchase of northeast Pennsylvania gathering assets from Southwestern Energy Company for $500 million
One of the largest energy companies in North America — sale of interests in two natural gas pipeline systems for over $6 billion
Apache Corporation — $2.85 billion acquisition of Cordillera Energy Partners III, LLC, which holds oil and gas assets in the Anadarko/Granite Wash Basin
Cinergy Corp — $9.1 billion acquisition by Duke Energy*
Arrow Group — a manufacturer of generic pharmaceuticals, in its $1.75 billion sale to Watson Pharmaceuticals*
Respironics, Inc. — a provider of medical devices for the sleep therapy and respiratory markets, in its $5.1 billion sale to Royal Philips Electronics*
Longs Drug Stores Corporation — $2.9 billion sale to CVS Caremark*
Publications and Speeches
"Criminal Prosecutions over No-Poaching Arrangements Are Coming," Society for Human Resource Management, April 5, 2018.
"Reassessing and Optimizing the Value of an Effective Compliance Program", 2016 Oil & Gas Regulatory Symposium, Bracewell LLP, October 6, 2016.
“Beating the Competition: Antitrust Issues in Mergers & Acquisitions,” Recycling Today, May 2016.
“Navigating the Turbulent Waters of Aggressive Antitrust Merger Enforcement,” Association of Corporate Counsel Greater New York Chapter, July 23, 2014.
"FTC Broadens Notification Requirements for Transfers of Pharmaceutical Patent Rights," IP Today, January 2014.
"Deal Makers Take Note: Recent Trends in Merger Enforcement at the U.S. Antitrust Agencies," Ethics & Compliance Officers Association Annual Conference, Sept. 25-27, 2013.
"Shining a Light on the Middle Market," AM&AA Summer Conference, July 9-11, 2013.
"The United States," The Design of Competition Law Institutions: Global Norms, Local Choices, 329-383 (Oxford University Press, 2013).