Our corporate and securities group serves as counsel on virtually every type of purchase and sale transaction involving public and privately held businesses. Totaling billions of dollars annually, these transactions include mergers, stock sales and exchanges, management and leveraged buyouts, acquisitions and dispositions of partnership interests and joint venture interests, acquisitions and dispositions of assets, tender offers, recapitalizations, roll-ups and other business combinations. In addition to buyers and sellers, we represent special committees of boards of directors and financial advisors in M&A transactions. We also represent funds, companies and management teams in private equity investments.
Recent Notable Matters
Financial advisor to the Conflicts Committee of the Board of Directors of Teekay Offshore GP L.L.C. — sale of publicly held common units of Teekay Offshore Partners L.P. to Brookfield Business Partners L.P.
Holly Energy Partners, L.P. — formation of a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC, with Plains All American Pipeline, L.P. for the purpose of owning and operating a crude oil terminal in Cushing, Oklahoma and constructing, owning and operating a crude oil pipeline from Cushing, Oklahoma to Tulsa, Oklahoma
COG Operating LLC — contribution of 13 salt water disposal wells and approximately 40 miles of large-diameter produced water gathering pipelines to Solaris Water Midstream, LLC in exchange for cash and equity in Solaris Midstream Holdings, LLC
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
Prosperity Bancshares, Inc. — $2.1 billion proposed acquisition of LegacyTexas Financial Group, Inc., which is the second largest bank merger in the history of Texas
Global Infrastructure Partners — preferred equity investment of up to $200 million in Dos Rios Crude Intermediate LLC, a subsidiary of Noble Midstream Partners LP formed to hold Noble Midstream's 30% equity interest in the EPIC Crude Pipeline, which is being designed with an initial capacity of 590 MBbl/d from the Permian Basin and Eagle Ford to the Gulf Coast
PreCheck, Inc. — sale to Cisive, a global provider of compliance-driven human capital management and risk management solutions
Parsley Energy Inc. — $2.8 billion acquisition of certain entities holding undeveloped acreage and producing oil and gas properties in the core of the Midland Basin from Double Eagle Energy Permian LLC and certain of its affiliates consisting of approximately $1.4 billion in cash and approximately 39.8 million units of Parsley Energy
Harvest Midstream Company — $1.125 billion acquisition from Williams Partners L.P. of certain assets in the Four Corners area, including over 3,700 miles of pipeline, two gas processing plants and a CO2 treating facility
Pembina Pipeline Corporation — CAD $9.7 billion combined cash and stock acquisition of Veresen Inc.
Matlin & Partners Acquisition Corporation — merger and contribution agreement with U.S. Well Services, LLC, creating one of the first publicly traded oilfield service companies with all-electric hydraulic fracturing capabilities with an enterprise value of $588 million
Conflicts Committee of the Board of Directors of the general partner of Tallgrass Energy Partner, LP — acquisition of all of Tallgrass Energy Partner, LP's publically held common units by Tallgrass Energy GP, LP in exchange for newly issued Class A Shares of Tallgrass Energy GP, LP valued at approximately $2.2 billion
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
Drilling Tools International, Inc. — represented Drilling Tools International, Inc., a portfolio company of Hicks Equity Partners LLC, in its acquisition of the drill pipeline rental division of Premium Oilfield Services LLC
Financial advisor to the Conflicts Committee of the Board of Directors of the general partner of CNX Midstream Partners LP (Client: Evercore) — $265 million acquisition of 95 percent interest in the Shirley-Pennsboro gathering system from CNX Resources Corporation
HPS Investment Partners, LLC and Kingfisher Midstream, LLC — merger agreement between Kingfisher, Silver Run Acquisition Corporation II and Alta Mesa Holdings, LP to combine and form Alta Mesa Resources, Inc.
Eni S.p.A. — $934 million sale of a participating interest in the Egyptian Shorouk Concession, containing the Zohr gas field, to Mubadala Petroleum
Independent oil and natural gas exploration and production — $2.7 billion stock and cash acquisition of Clayton Williams Energy, Inc.
Lilis Energy, Inc. — acquisition of approximately 2,798 net acres located in the Delaware Basin in Lea County, New Mexico from OneEnergy Partners, LLC
Financial advisor to the Conflicts Committee of the Board of Directors of Archrock GP LLC — $307 million acquisition by Archrock, Inc of all the outstanding common units of Archrock Partners
Castleton Commodities International LLC — acquisition of more than 160,000 net acres of leasehold and Carthage midstream assets in East Texas from subsidiaries of Anadarko Petroleum Corporation for over $1 billion
DCP Midstream LLC — 50/50 joint venture between Phillips 66 and Spectra Energy, in a transaction combining all of the assets and debt of DCP Midstream, LLC with DCP Midstream Partners, LP. The combination created the largest gathering and processing master limited partnership in the United States with a pro-forma enterprise value of approximately $11 billion.
Tallgrass Energy Partners, LP — $60 million acquisition of 2 percent membership interest in Tallgrass Pony Express Pipeline, LLC and other administrative assets from Tallgrass Development, LP
Alinda Capital Partners — sale of NorTex Midstream Partners, LLC, a company owned by funds managed by Alinda that own Texas gas storage facilities, to a subsidiary of Castleton Commodities International LLC
Delta Card Services, Inc. — $470 million acquisition of substantially all the assets of its subsidiary, Merchants' Choice Payment Solutions, by Paysafe Group plc.