Akin Gump served as legal advisor to Memorial Production Partners LP in the pricing of a $300 million bond offering that closed today. The company, along with its wholly owned subsidiary, Memorial Production Finance Corporation, intends to use the proceeds for repayment of a portion of the outstanding borrowings under its revolving credit facility and for general partnership purposes (more…)
It’s no secret that those of us at the Texas Chronicles and Kinney Recruiting have deep ties to the University of Texas. We are of course based in Austin, and several of our employees attended the University and the School of Law. And the orange in our logo is no coincidence. Needless to say, our offices have seen more than a few heated discussions about football, basketball, the Big 12, baseball, volleyball, Mack Brown, national championships, swimming & diving…(the list goes on). We’ve even been prone to a few DFW/Austin inter-office arguments over TCU or the occasional bout with Evan Jowers, whose beloved Gators somehow hired our head coach in waiting.
With that in mind, there’s some news from right here in the capital of Texas that encompasses a few of our interests. The just announced retirement of athletic director DeLoss Dodds has opened one of the biggest jobs in American sports. In a press release, the University stated that it will retain executive search firm Korn/Ferry to fill the position. This is exciting news for our staffing industry cohorts, and we wish them the best of luck in the process. It also shows that no matter what the position, the involvement and insight of a great recruiting team can make all the difference for both employers and candidates.
Regency Energy Partners LP (“Regency”) (NYSE:RGP) and PVR Partners, L.P. (“PVR”) (NYSE:PVR) today announced that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. This acquisition will be a unit-for-unit transaction plus a one-time cash payment to PVR unitholders that collectively imply a value today for PVR of approximately $5.6 billion, including the assumption of net debt of $1.8 billion (more…)
American Energy – Utica, LLC (“AEU”), an affiliate of American Energy Partners, LP, raised approximately $1.7 billion in private equity commitments and term loan proceeds to pursue a business plan focused on the Utica Shale. AEU’s lead equity investor is The Energy & Minerals Group based in Houston, and additional equity was provided by First Reserve Corporation based in Greenwich, CT and others. The term loan facility was led by GSO Capital Partners based in New York and additional debt investors, including Magnetar Capital and BlackRock, Inc (more…)
John Wood Group PLC and Siemens AG have entered into a joint venture consisting of the Maintenance and Power Solutions businesses of Wood Group GTS (excluding its Rolls Wood Group, Trans Canada Turbine and Sulzer Wood joint ventures), and Siemens’ TurboCare business unit which provides aftermarket gas turbine, steam turbine and generator design, repair and manufacturing services. The joint venture will be a differentiated, integrated rotating equipment service provider to the power generation, oil & gas and industrial sectors (more…)
Bracewell & Giuliani LLP represented Los Angeles based Thomas Properties Group, Inc., a full-service real estate company, in a long term lease to Statoil Gulf Services L.L.C., the U.S. upstream subsidiary of the Norwegian energy company, at CityWestPlace in Houston’s Westchase District. The lease includes 581,000 square feet, which more than doubles the size of Statoil’s North American headquarters. By mid-2015, Statoil will occupy the entirety of the 431,000 square foot CityWestPlace Building 2 (2107 CityWest Boulevard). The company also extended its existing lease of 150,000 square feet in CityWestPlace Building 4 (2103 CityWest Boulevard) (more…)
Sidley Austin LLP announced today that S. Scott Parel will join the firm in Dallas as a partner and member of Sidley’s global Private Equity and M&A practices. Mr. Parel is joining eight of his former colleagues from Weil Gotshal & Manges who have recently moved to Sidley, two of whom also are members of the firm’s Private Equity practice (more…)
Michael T. Larkin has joined Porter Hedges as a partner in the Corporate Practice Group. He practices primarily in the areas of mergers and acquisitions, public and private offerings of securities, joint ventures and strategic alliances, and corporate and securities law matters. He has experience representing companies in the oil and gas, health care, telecommunications, technology, pharmaceuticals, manufacturing and professional services industries (more…)
Simpson Thacher is representing First Reserve Corporation and its portfolio company Templar Energy LLC in connection with a $1.0 billion acquisition of oil and gas assets located in the Texas Panhandle and western Oklahoma from Forest Oil Corporation. The transaction is expected to close on or before November 25, 2013, and is subject to customary purchase price adjustments, regulatory approvals and closing conditions (more…)
The international law firm Greenberg Traurig LLP added shareholder Christopher L. Bell in the environmental, energy and litigation practice groups, including environmental & toxic tort litigation (more…)
Bracewell & Giuliani LLP announced today that Jane H. Macon, Michael D. Bernard, Blakely L. Fernandez, and William T. Avila will join its San Antonio office as partners, working in the areas of public finance, public law, corporate law, and litigation (more…)
Perkins Coie is pleased to announce that John D. Penn has joined the firm’s Dallas office as a partner in the firm’s Bankruptcy & Restructuring practice. He will also spend time as needed in the firm’s New York office working on Chapter 11 bankruptcy filings in that venue. He was most recently a partner with Haynes and Boone LLP in Fort Worth. Penn is the fourth partner (and eighth attorney) to join the Dallas office since March (more…)
Amarillo Ausitn Austin Beaumont Clear Lake Clerkships dall Dallas East Texas El Paso Fort Bend Fort Bend County Fort Worth Frisco Granbury Houston Irving Lamesa Longview McAllen Midland North Texas Panhandle Plano Richardson San Antonio South Texas Texarkana Texas The Woodlands Tyler Waco West Texas
WP Cumulus Flash tag cloud by Roy Tanck requires Flash Player 9 or better.