Kirkland Advises Vista Equity Partners in Formation and Fundraising of Vista Equity Partners Fund V

Kirkland represented Vista Equity Partners in the formation and fundraising of Vista Equity Partners Fund V, its fifth flagship fund, which completed its fundraising six months early and announced its final closing on October 15, 2014. With Kirkland’s assistance, Fund V far exceeded its $3.5 billion target, raising in excess of $5.775 billion in limited partner commitments. Investors in Fund V include significant commitments from Fund IV limited partners as well as new corporate limited partners, public pension plans, non-U.S. pension funds and sovereign wealth funds, foundations and high-net-worth individuals, including many Vista portfolio company executives. Target investments, for which Vista routinely retains Kirkland as counsel, will focus on middle and upper-middle market enterprise software companies.

More >>

Simpson Thacher Represents Tesoro Logistics LP in Committed Financing in Connection with its Announced Acquisition of QEP Field Services, LLC.

The Firm is representing Tesoro Logistics LP (“TLLP”) in connection with the committed financing for its announced acquisition of 100% of the outstanding equity interests of QEP Field Services, LLC (“QEPFS”), including up to $2.5 billion in senior unsecured bridge financing and a $900 million revolving credit facility. The bridge financing will be reduced by the amount of gross proceeds TLLP receives from a public offering of its common units and a private placement of its debt securities.

More >>

Baker Botts Represents Cabot Oil & Gas in $925 Million Private Placement

On September 24, 2014, Cabot Oil & Gas Corporation (NYSE: COG) announced the closing of a $925 million private placement of senior unsecured notes to a group of institutional investors. In total, Cabot raised $925 million through the following three series of notes: $100 million of 7-year 3.24% notes due 2021, $575 million of 10-year 3.67% notes due 2024 and $250 million of 12-year 3.77% notes due 2026. Proceeds from the offering will be used to repay Cabot’s outstanding borrowings under its credit facility, fund its Eagle Ford Shale acquisition and for other general corporate purposes.

More >>

Baker Botts Represents Kinder Morgan Energy Partners (KMP) and Kinder Morgan Management (KMR) in $70 Billion Purchase of KMP, KMR and El Paso Pipeline Partners (EPB) by Kinder Morgan, Inc. (KMI)

Earlier today, Kinder Morgan, Inc. (NYSE: KMI) announced its intention to acquire by merger of all of the outstanding equity securities of Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Kinder Morgan Management, LLC (NYSE: KMR) and El Paso Pipeline Partners, L.P. (NYSE:EPB), all of which are controlled by KMI.  The proposed mergers, the consideration of which is valued at approximately $70 billion in the aggregate, collectively represent the largest energy M&A transaction since the merger of Exxon and Mobil.  The combined entity will be the largest energy infrastructure company in North America and the third largest energy company overall with an estimated enterprise value of approximately $140 billion.

More >>

Akin Gump Advises Newfield Exploration in $588 Million Sale of Granite Wash Assets

Akin Gump advised Newfield Exploration Company in a deal announced July 29, in which the company signed a $588 million purchase and sale agreement for its Granite Wash assets to Oklahoma City-based Templar Energy LLC (operating through Le Norman Operating LLC). The sale will have an effective date of July 1, 2014, and is expected to close in the third quarter of 2014.

More >>

Hogan Lovells Advises JX Nippon Oil & Gas Exploration Corporation in Joint Venture with NRG Energy to Build World’s Largest Post-Combustion Carbon Capture-Enhanced Oil Recovery Project

A Hogan Lovells cross-border, cross-practice team made up of lawyers from Denver, Houston, Washington, D.C., and Tokyo, advised JX Nippon Oil & Gas Exploration Corporation (“JX Nippon”) in its formation of a 50/50 joint venture company (“ the Company”) through its wholly owned subsidiary JX Nippon Oil Exploration (EOR) Limited1; and Petra Nova Holdings LLC, a wholly owned subsidiary of NRG Energy, Inc. (“NRG”).

More >>

Jackson Walker Welcomes Daniel Nossa

Daniel Nossa is a partner in the Energy, Derivatives, and Investment Funds group at Jackson Walker. He advises public and private entities on commodity and financial transactions ranging from plain vanilla trades to complex multi-billion dollar structured deals. Mr. Nossa has extensive experience negotiating and drafting industry standard documentation such as the ISDA, GMSLA, MSLA, MSRA, EEI and NAESB agreements and many forms of credit support documents including CSAs, security agreements, guaranties and letters of credit. He advises dealers and end users on the Commodity Exchange Act and Dodd-Frank regulations. Mr. Nossa received his A.B., cum laude, from Princeton University and his J.D. degree from Stanford Law School.

More >>