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The San Antonio Spurs announced that Peter J. Holt has been elevated to Managing Partner. At the same time, Sixth Street, a leading global investment firm, and Michael Dell have joined the Spurs investor group as Strategic Partners. Both moves have been approved by the NBA Board of Governors. The transaction is scheduled to close next week. Vinson & Elkins serves as counsel to Sixth Street.
Vinson & Elkins served as initial purchasers’ counsel in connection with NH Hotels’ private placement offering of €400 million five year 4.00% senior notes due 2026.
Vinson & Elkins senior associate Carla Jordan-Detamore has been selected as Chambers’ Diversity & Inclusion Future Leader.
Vinson & Elkins advised Taurus Industrial Group in connection with its acquisition of Amber LP, an electrical and instrumentation services provider to the downstream and industrial sectors.
Vinson & Elkins advised FLASH, the leader in flexible technology solutions for urban real estate, in its acquisition of Parkonect.
Vinson & Elkins represented Decarbonization Plus Acquisition Corporation III, a blank check company, in a definitive agreement for a business combination with Solid Power, Inc. (“Solid Power”), an industry-leading producer of all-solid-state batteries for electric vehicles, that would result in Solid Power becoming a publicly listed company. The pro forma implied enterprise value of the combined company is approximately $1.2 billion.
Vinson & Elkins advised Jera Asset Management, a national real estate investment firm focused on properties that are net-leased to quality credit tenants, in a strategic joint venture with an institutional client of Invesco Real Estate, a global real estate investment manager, to form Mercury Trust to take advantage of the strong industrial markets.
On June 10, 2021, Vinson & Elkins (“V&E”) represented MoneyGram International, Inc. (“MoneyGram”) in obtaining a dismissal of criminal charges after the Company successfully completed a deferred prosecution agreement (“DPA”) and corporate monitorship. The dismissal of the case was formally ordered by United States District Judge Christopher C. Conner pursuant to a motion to dismiss by the United States Department of Justice’s Criminal Division and the United States Attorney’s Office for the Middle District of Pennsylvania (collectively, “DOJ”) following the termination of the DPA and monitorship on May 10, 2021.
The Legal 500 U.S. recommended Vinson & Elkins as a leading law firm in 41 categories. In total, 118 attorneys are recognized in the 2021 U.S. edition, many in more than one category. Special designations were awarded to 20 attorneys such as “Hall of Fame,” “Leading Lawyer,” Next Generation Partner” or “Rising Star.”
Vinson & Elkins advised Liberty Oilfield Services in connection with an underwritten public offering of 12,299,996 shares of Class A common stock by funds affiliated with Riverstone. The offering closed on June 10, 2021.
On April 22, 2021, Travis County District Court Judge Amy Clark Meachum granted the motion for summary judgment filed by Vinson & Elkins attorneys and students from the First Amendment Clinic at SMU’s Dedman School of Law on behalf of The Marshall Project as Intervenor-Relator in a Texas Public Information Act lawsuit.
Vinson & Elkins advised the initial purchasers in connection with an offering of $500 million of 3.750% senior secured notes by RLJ Lodging Trust, L.P. The offering priced on June 10, 2021 and is expected to close on June 17, 2021.