Baker Botts, a leading international law firm, today announced that its client, OAO Gazprom, the Russian-based oil and gas company, has successfully defended a claim for $1.37 billon USD lodged by Moncrief Oil International. More >>
Tags: Baker Botts L.L.P. | Dallas | Houston
Alston & Bird today announced a significant expansion of its Finance Practice with the hiring of four new partners and four additional attorneys in Dallas. The group brings with it considerable real estate and structured finance experience and in-depth capabilities in domestic and cross-border public and private securitization transactions, floating and fixed-rate portfolio financing, mortgage- and asset-backed securities and loan servicing. More >>
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Thompson & Knight LLP today announced the addition of Luis F. Gomar as a Partner in the Corporate and Securities Practice Group of the Firm’s Dallas and Mexico City offices. More >>
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Jackson Walker L.L.P. successfully represented CommZoom Communications, LLC, a San Antonio-based broadband and cable television company, in its raising of $8.4 million in equity from a private offering. More >>
Tags: Jackson Walker, LLP | Dallas | San Antonio
Carrington Coleman is pleased to announce that Marc Myrin has joined the firm as a Partner. As Carrington Coleman continues implementing its plan for strategic growth to better serve its growing client base, Mr. Myrin will bring new capabilities to the firm and extend its existing capacity. Mr. Myrin is in the Real Estate and Transactions practices at Carrington Coleman. More >>
Tags: Carrington, Coleman, Sloman & Blumenthal, L.L.P. | Dallas
In a deal that closed December 10, Akin Gump advised Alliance Data Systems Corporation in its purchase of Conversant, Inc. for $2.3 billion in cash and stock. More >>
Tags: Akin Gump Strauss Hauer & Feld LLP | DallasJones Day is advising The Procter & Gamble Company (“P&G”) in the sale of its Duracell personal power business to Berkshire Hathaway Inc. for $2.9 billion. Following the sale of P&G’s interest in its Nanfu joint venture, which operated P&G’s battery business in China, P&G entered into a Transaction Agreement on November 13, 2014 with Berkshire Hathaway Inc. and certain of its affiliates under which P&G will transfer its Duracell business to Berkshire Hathaway in a private split-off transaction. In this unusual tax-free structure (sometimes referred to as a “cash rich private split”), P&G will convey its Duracell business (which will be infused with $1.8 billion in additional cash) to a newly formed subsidiary (SplitCo) and will exchange its shares in SplitCo for approximately $4.7 billion of outstanding P&G shares currently held by the Berkshire Hathaway group. The transaction is expected to close in the second half of calendar year 2015. More >>
Tags: Atlanta | Chicago | Cleveland | Dallas | New York | San DiegoDavis Polk advised underwriters represented by CIBC World Markets Inc., HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc. and RBC Dominion Securities Inc. in connection with the offering of C$500 million aggregate principal amount of 1.75% bonds due October 9, 2018, issued by the Province of Ontario. The net proceeds of the bonds will be used for special environmental projects. This is the inaugural green bonds offering for the Province of Ontario. More >>
Tags: Dallas | Ontario
Schiff Hardin LLP, a leading national law firm, today announced it is expanding its platform with a new office in Dallas. The office will be anchored by five accomplished finance, corporate and securities partners. They will occupy temporary space at 1717 McKinney Avenue in Dallas, while the firm secures an office capable of accommodating an expanding local presence. Celebrating its 150th Anniversary in 2014, Schiff Hardin now comprises more than 400 attorneys across eight offices located throughout the United States. More >>
Tags: Schiff Hardin LLP | DallasThompson & Knight advised privately-held institutional affiliates of EnerVest Ltd. (“EnerVest”) in the $1.95 billion acquisition of oil and gas assets in the Granite Wash and Cleveland fields of Texas and Western Oklahoma from Linn Energy LLC (“Linn”).
The Thompson & Knight team was led by Arthur J. Wright and included Brandon L. Bloom, Cole Bredthauer, Anthony J. Campiti, Jason Patrick Loden, Mary A. McNulty, and Kelli C. Sims.
The purchase almost triples EnerVest’s position in the Anadarko Basin. The Granite Wash and Cleveland properties acquired by the company include approximately 145,000 net acres with production of about 195 million cubic feet of natural gas equivalent per day. The sale is expected to close in the fourth quarter of 2014 with an effective date of September 1, 2014.
EnerVest is one of the 25 largest oil and gas companies in the United States, with more than 34,000 wells across 15 states, 5.5 million acres under lease, and $10 billion in assets under management.
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