Baker Botts Represents Valero Energy Corporation in $671 Million Drop-Down to Valero Energy Partners LP

Valero Energy Corporation (NYSE: VLO) entered into a drop-down transaction with Valero Energy Partners LP (NYSE: VLP), pursuant to which VLP acquired membership interests in certain subsidiaries of VLO for total consideration of about $671 million, including approximately $100 million of common and general partner units of VLP.

More >>

Tags:  Baker Botts LLP | Houston

Kirkland & Ellis Represents Madison Dearborn, Ikaria in $2.3B Sale to Mallinckrodt

Kirkland & Ellis LLP represented Madison Dearborn Partners and Ikaria, Inc., a privately held critical care company, which today announced that it has reached a definitive agreement with Mallinckrodt plc under which a subsidiary of Mallinckrodt will acquire Ikaria from a Madison Dearborn-led investor group in a transaction valued at approximately $2.3 billion. Mallinckrodt (NYSE: MNK), is a leading global specialty biopharmaceutical company. Subject to customary closing conditions, the parties expect the transaction to be completed early in the second calendar quarter of 2015.  More >>

Tags:  Kirkland & Ellis LLP | Chicago | Houston | Los Angeles | New York | Palo Alto | San Francisco | Washington

Baker Botts Represents Valero Energy Corporation in $671 Million Drop-Down to Valero Energy Partners LP

Valero Energy Corporation (NYSE: VLO) entered into a drop-down transaction with Valero Energy Partners LP (NYSE: VLP), pursuant to which VLP acquired membership interests in certain subsidiaries of VLO for total consideration of about $671 million, including approximately $100 million of common and general partner units of VLP. More >>

Tags:  Baker Botts LLP | Houston

Cadwalader Adds Chad Mills to Energy and Commodities Practice in Houston

Cadwalader, Wickersham & Taft LLP, a leading counselor to global financial institutions and corporations, today announced that Chad Mills is joining the firm as Partner in its Energy & Commodities Practice in Houston. Mills is a leading practitioner in structured energy transactions and related energy trading agreements, project infrastructure development, mergers and acquisitions, and other corporate transactions for clients including energy providers, developers, investors and underwriters in gas, electric power and oil.

“Chad’s addition demonstrates our firm’s continuing ability to attract top talent,” said Patrick Quinn, Managing Partner. “Chad is a great fit with our firm’s emphasis on coordinating our expertise across all our practice areas to produce the best results for clients on their most complex matters. He embraces the opportunity to combine his energy transactional experience with our regulatory, financial, corporate and other strengths to best serve our clients, and we couldn’t be more pleased to have him join us.” More >>

Tags:  Cadwalader, Wickersham & Taft, LLP | Houston

Baker Botts Represents American Industrial Partners in Purchase of Anixter’s Fasteners Unit For $380 Million

Anixter International Inc. (NYSE: AXE) announced that it has entered into a definitive agreement to sell its OEM Supply – Fasteners (“Fasteners”) segment to American Industrial Partners (“AIP”) for $380 million in cash, subject to certain post-closing adjustments. The transaction, which was approved by Anixter’s Board of Directors, is expected to close during the second quarter of 2015, subject to customary closing conditions and regulatory approval. More >>

Tags:  Baker Botts LLP | Houston | New York | Washington

Akin Gump Advises Rose Rock Midstream in $325 Million Crude Oil Deal

Akin Gump advised the conflicts committee of the board of directors of Rose Rock Midstream, L.P.’s general partner in the partnership’s $325 million purchase of the remaining crude oil assets of SemGroup Corporation, which include the Wattenberg Oil Trunkline System and SemGroup’s 50 percent interest in the Glass Mountain Pipeline. More >>

Tags:  Akin Gump Strauss Hauer & Feld LLP | Houston

Baker Botts Represents EnLink in $600 Million Acquisition of Coronado Midstream

The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together “EnLink”), announced a definitive agreement to acquire Coronado Midstream Holdings LLC (“Coronado”), which owns natural gas gathering and processing facilities in the Permian Basin, for approximately $600 million, subject to certain adjustments More >>

Tags:  Baker Botts LLP | Austin | Dallas | Houston