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Michael K. Pierce

Michael K. Pierce Partner, Private Investment Funds

Michael Pierce advises private equity and venture capital fund sponsors, primarily in the oil and gas sector, on the full life cycle of their investments. 

Mike is highly skilled in handling such matters as fund formation, capital raising, capital deployment, portfolio company investments, mergers & acquisitions, restructurings, and exits.

With more than 25 years of experience advising fund sponsors, Mike has established longstanding ties to his clients. Mike is the recipient of multiple accolades from such publications as Legal 500 U.S., Chambers USA, and The Best Lawyers in America.

Experience Highlights

  • Sponsors in the formation of various private equity funds in the natural resources area, including funds with commitments from institutional taxable, tax-exempt, ERISA, foreign, and sovereign wealth fund investors as follows:

    • $6.5 billion
    • $5.0 billion
    • $3.5 billion
    • $3.0 billion
    • $2.5 billion
    • $1.75 billion
    • $1.5 billion
    • $1.3 billion
    • $825 million
    • $625 million
    • $417 million
    • $410 million
  • Fund sponsor in the sale of minority interest to a unit of a large private asset manager
  • Numerous M&A transactions, including the sellers in the "exit" transactions referenced below:

    • sale of upstream and midstream oil and gas assets for an aggregate purchase price of $2.6 billion
    • sale of oil and gas assets in a series of transactions to three purchasers, including two NYSE-listed corporations, for an aggregate purchase price of $1 billion and shares of publicly-traded common stock
    • sale of membership interests in private oil and gas exploration company to NYSE-listed corporation for $750 million cash
    • sale of oil and gas assets to a NYSE-listed corporation for approximately $410 million
    • sale of partnership interests in a limited partnership holding Haynesville Shale assets to a NYSE-listed corporation for approximately $185 million and shares of publicly-traded common stock
    • sale of oil and gas properties to a NASDAQ-listed MLP for approximately $160 million
    • sale of equity interests to a U.S. subsidiary of a publicly traded Canadian energy trust for approximately $77.6 million consisting of cash plus assumed debt and other obligations
    • sale of a limited liability company owning a fractional interest in a gas plant to a division of a NYSE-listed corporation for approximately $68.5 million cash

Private Equity and M&A

  • Private equity funds and other institutional investors in numerous private equity investments, including three with aggregate capital commitments of $500 million, $300 million, and $200 million, respectively
  • Issuer in the placement and sale of $251.5 million senior notes and $10 million equity to effect purchase of net profits interest in producing oil and gas properties 
  • Institutional investors in the $185 million purchase of interests in a limited liability company formed to engage in U.S. exploration and production activities  
  • Institutional investor in the $142 million purchase of limited partnership interests to facilitate the monetization of certain oil and gas reserves owned by the general partner
  • Seller in the $84.4 million sale of stock plus assumed debt in a privately held exploration and production company to a NYSE corporation 
  • A private equity fund in the $41.5 million purchase of preferred units and common units in a limited liability company to facilitate the acquisition of a majority interest in a publicly traded exploration and production company
  • Principal equity owners in the $52 million sale of a limited liability company for cash and shares of common stock in a NYSE corporation
  • A private equity fund in the $38 million equity investment to facilitate the acquisition of a publicly traded exploration and production company for approximately $83 million 


Contact Details

Houston

T +1.713.758.3461
F +1.713.615.5661
mpierce@velaw.com
1001 Fannin Street
Suite 2500
Houston, TX 77002
Local time: 12:48 PM
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Practices

  • Southern Methodist University Dedman School of Law, J.D., 1979 (Order of the Coif; Phi Delta Phi scholastic honorary fraternity; Managing Editor, Southwestern Law Journal (now known as SMU Law Review))
  • Drake University, B.S., Business Administration summa cum laude, 1976 (Phi Eta Sigma and Beta Gamma Sigma scholastic honorary fraternities)
  • Admitted to practice: Texas
Chambers USA, Corporate/M&A (Texas), 2014-2017
Legal 500 U.S., M&A/Corporate and Commercial: M&A – Middle-Market (Sub-$500m), 2015-2018
The Best Lawyers in America© (Woodward/White, Inc.), Corporate Law, Natural Resources Law, Securities/Capital Markets Law, 2007−2018
• Selected to Texas Super Lawyers list, Super Lawyers (Thomson Reuters), 2003-2015, 2017
• Selected to the Best Lawyers in Houston list, H Texas Magazine, 2004, 2005
  • Member: American Bar Association, Corporate Law Section
  • Member: State Bar of Texas, Business Law Section; Partnership Law Committee, 1985-present, Vice Chairman, 1994-1995, Chairman, 1995-2002; Limited Liability Company Committee, 1993-present; Ad Hoc Codification Committee, 1995-present
  • Member, Houston Bar Association, Corporate Counsel Section
  • Member, American College of Investment Counsel