Insights Search

In this presentation, we will discuss SPACs and recent transactions.

Material adverse event: Those three words can stop a deal dead in its tracks . . . and, indeed, that nearly happened when the devastating impact from two major events, the COVID-19 pandemic and a crash in oil prices, set in motion a number of steps that threatened to derail the heavily negotiated prepackaged Chapter 11 cases of…

While the market witnessed a flurry of renewable energy and clean tech IPOs from 2010-2015, they have become much rarer in recent years despite markedly improved market fundamentals.

On June 30, 2020, V&E partner Ramey Layne spoke on a panel titled “SPACs are Back” hosted by The Deal.

It’s hard to overstate the damage of the COVID-19 pandemic to the airline industry. As travel demand around the world has plummeted, the resulting crisis for airlines has been unprecedented — far worse than what they experienced in the wake of the September 11 terrorist attacks. In the face of this seismic challenge, Southwest Airlines…

When a leading technology-focused private equity firm turned to V&E a year and a half ago to work on transactions involving its portfolio companies, it was more than a cause for celebration at the firm. “This was a great testament to the quality of our technology practice,” said V&E partner Milam Newby, who is advising…

Late last year, a long-running effort to build a state-of-the-art anhydrous ammonia plant at an industrial chemical site in Texas City, Texas, reached a major milestone. Gulf Coast Ammonia LLC (GCA) closed on an approximately $570 million non-recourse project financing, as well as an equity commitment from joint venture partners Starwood Energy Group Global LLC…

The deal involved some 165 current Planet Fitness clubs, but Wes Jones didn’t break a sweat. A veteran Mergers & Acquisitions partner at V&E, Jones represented Austin-based United PF Partners (“United PF”) in their recent sale of their expansive network of Planet Fitness clubs. Jones had been working with United PF’s Larry Meyer and Trey…

With almost half of U.S. midstream assets housed in MLP structures and significant continuing challenges in accessing the equity capital markets, this program discussed the midstream REIT alternative.

Investing in the midstream energy sector is an attractive way to participate in the North American energy market.

This primer provides an overview of SPACs, including a comparison to an operating company IPO, their capitalization and economic structure, governance considerations, and the post-IPO target…