Seacor Holdings Acquires JV Partner’s Interest in Sea-Vista
Vinson & Elkins advised Avista Capital Partners (“Avista”) in relation to SEACOR Holdings Inc.’s (the “Company”) acquisition through a subsidiary of Avista’s 49% indirect interest in the SEA-Vista joint venture between the Company and Avista. Purchase consideration consisted of $106 million in cash and 1,500,000 shares of the Company’s common stock.
Avista is a private equity firm specializing in investments primarily in growth-oriented energy, healthcare, communications and media, industrial and consumer companies. SEA-Vista operates a fleet of U.S.-flag petroleum and chemical carriers servicing the U.S. coastwise trade of crude oil, petroleum and chemical products.
The V&E corporate team was led by partners Creighton Smith and Ramey Layne with assistance from senior associate Benji Barron and associate Leslie Vaughn. Partner John Lynch and associate Christine Mainguy provided tax advice.