The Dubai and Riyadh offices of Vinson & Elkins (V&E) advised a Saudi Arabian based bulk chemical storage operator Arabian Chemical Terminals (ACT) on its entry into strategic agreements with Abu Dhabi Ports, the master developer of ports and industrial zones in the Emirate of Abu Dhabi, UAE.
Vinson & Elkins advised affiliates of Crestview Advisors, L.L.C. as the lead investor in a private placement of newly issued Series B Redeemable Convertible Preferred Stock of U.S. Well Services, Inc.
Vinson & Elkins advised CARBO Ceramics Inc. in an agreement with Wilks Brothers, LLC and Equify Financial, LLC (together, the “Wilks Brothers”) under which the Wilks Brothers will acquire CARBO Ceramics through a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.
The U.S. District Court for the Southern District of Texas has issued a significant victory to V&E client Lydia Ann Channel Moorings LLC (LACM), tossing a lawsuit by a group of local residents alleging that LACM and the U.S. Army Corps of Engineers violated Texas and federal law in connection with the permitting and operation of LACM’s barge mooring and fleeting facility in Lydia Ann Channel.
Vinson & Elkins advised WPT Industrial REIT in its acquisition of a portfolio of 26 U.S. distribution and logistics properties totaling approximately nine million square feet of gross leasable area and one 85-acre land parcel for a purchase price of US$730 million (the “Acquisition”). Announced concurrently, V&E also advised WPT Industrial REIT in an agreement to sell to a syndicate of underwriters co-led by Desjardins Capital Markets, BMO Capital Markets and RBC Capital Markets, on a bought deal basis, 14,150,000 Subscription Receipts at a price of US$14.35 per Subscription Receipt for gross proceeds of approximately US$203 million (the “Offering”).
Partner Damara Chambers has been selected as Vinson & Elkins’ 2020 Leadership Council on Legal Diversity (LCLD) Fellow and senior associates Rafael Alvarado and Michelle Arishita have been selected as V&E’s 2020 LCLD Pathfinders.
Vinson & Elkins advised Goldman Sachs’ Alternative Energy Investing Group in connection with the formation of a joint venture with TELOS Clean Energy to develop, construct, own and operate distributed solar power projects.
Chris Duffy, an accomplished trial lawyer with nearly two decades of experience in complex commercial litigation matters, has joined Vinson & Elkins as a partner, further enhancing the firm’s global trial and litigation team and expansion in New York.
Vinson & Elkins advised Lifesize, a global innovator of video collaboration and meeting productivity solutions, in connection with its merger with Serenova, a leading contact center-as-a-service (CCaaS) provider, creating a contact center communications and workplace collaboration company serving more than 10,000 customers worldwide.
For the fourth consecutive year, Refinitiv, a global provider of financial markets data, has awarded Vinson & Elkins’ Shareholder Activism practice the No. 1 ranking for company and board representation based on the number of activism campaigns defended in 2019.