M&A - Creating Opportunities and Building Alliances - PART 4
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Transcript of M&A - Creating Opportunities and Building Alliances - PART 4
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Robert J. Viguet, Jr.
Energy Construc5on Forum
Thompson & Knight LLP
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o Established in 1887
o Full-‐service firm
o Approximately 330 aLorneys
o U.S. offices in Texas, New York, and California
o Interna5onal offices and associa5ons in the Americas, North Africa, and Europe
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About Thompson & Knight
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o Named “Law Firm of the Year” in Oil & Gas Law in the 2011/2012, 2013, and 2015 edi5ons of Best Law Firms, the preeminent lis5ng of the na5on’s top legal prac5ces from the publishers of U.S. News & World Report and The Best Lawyers in America®
o Thompson & Knight’s corporate/M&A team is known for its “excellent midmarket prac6ce focused on energy transac5ons in the upstream space” according to Chambers USA 2014 by Chambers & Partners.
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Recent Accolades
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o Energy Construc5on Company sales, financings, and leveraged recapitaliza5ons
› Industry consolidators; private equity firms
› Entrepreneurs who build and sell their business
› Corporate sales, asset sales, and joint ventures
› Secured financing, mezzanine financing, and private equity investment
› Leveraged recaps 4
Energy Construc5on Exper5se
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o Leveraged Recaps – popular structure
› Allows owners of energy construc5on firms to “take chips off the table” – typically 65-‐80% of the value
› Requires con5nued employment of owners and key execu5ves for several years and provides incen5ves to grow the Company
› Former owners retain a minority stake and typically hold management and board posi5ons
› Private equity or industry sponsor provides the Company with financial support and growth opportuni5es
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Energy Construc5on Exper5se
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o We have par5cular experience helping clients in the midstream sector with joint ventures and partnerships
› Assist in the forma5on of joint ventures for the development, construc5on, acquisi5on, and opera5on of pipelines and processing and treatment plants
› Advise on the construc5on and opera5on of jointly owned pipelines
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Energy Construc5on Exper5se
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o Related legal services for energy construc5on clients:
› Labor and Employment advice and regulatory compliance
› Dispute resolu5on – trial, arbitra5on, and media5on
› Treasury Support -‐ swaps and deriva5ves, leLers of credit, bonding, and collec5ons
› Contract nego5a5on and documenta5on; bidding
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Energy Construc5on Exper5se