Vinson & Elkins advised Targa Resources Corp., a leading provider of midstream services and one of the largest independent midstream infrastructure companies in North America, in the sale of Targa’s wholly-owned subsidiary that holds a 25% equity interest in the Gulf Coast Express Pipeline (“GCX”) to ArcLight Capital Partners, LLC and affiliates (collectively, “ArcLight”) for $857 million. Targa and ArcLight agreed to terms on February 3, 2022 and, following a call right period in favor of the other members of GCX, the sale was completed on May 16, 2022.
Vinson & Elkins partner Scott Stiegler named “most highly regarded” Future Leader in Who’s Who Legal 2022 Construction Guide
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC as lead investor in Infinitum Electric’s $80 million Series D funding. Infinitum Electric, creator of the sustainable, breakthrough air-core motor, will use the investment to vertically integrate and automate production of its motors for the commercial and industrial market segments, and complete development and commercialization of a traction motor for the rapidly growing electric vehicle market, where its exceptional breakthrough power density can significantly extend the range of electric vehicles.
Vinson & Elkins advised ProFrac Holding Corp. in connection with an initial public offering of 16,000,000 shares of its Class A common stock at $18.00 per share. The offering closed on May 17, 2022.
Since 2019, Vinson & Elkins has supported Crystal Mason-Hobbs pro bono, a defendant who is fighting a five-year state jail sentence for alleged illegal voting.
Vinson & Elkins provided pro bono advice to Social Motion, Inc. in connection with its merger with The Center for Pursuit, bringing together two of Houston’s leading nonprofits serving the special needs community.
On May 5, 2022, Travis County District Court Judge Catherine A. Mauzy granted a motion for summary judgment filed by Vinson & Elkins attorneys and students from the First Amendment Clinic at SMU’s Dedman School of Law.
Legal publication Lawdragon featured 14 Vinson & Elkins partners on its ‘500 Leading Dealmakers in America’ list, highlighting M&A, capital markets, finance, tax, corporate governance, private equity, investment funds and securities attorneys.
Vinson & Elkins advised Blackstone Energy Partners in its majority investment in Geosyntec Consultants, Inc.
On April 29, 2022, a team of Vinson & Elkins trial attorneys secured an approximately $94 million jury verdict for Huntsman Corporation, a publicly traded global manufacturer and marketer of differentiated and specialty chemicals, in connection with the Company’s long-running court battle against Praxair/Linde, one of the industrial gas suppliers to Huntsman’s Geismar, Louisiana methylene diphenyl diisocyanate (MDI) manufacturing site.
Vinson & Elkins advised an affiliate of Riverstone Holdings LLC in its investment in Group14 Technologies’ $400 million Series C funding round led by Porsche AG with additional participation from OMERS Capital Markets, Decarbonization Partners, Vsquared Ventures, Moore Strategic Ventures, and other large institutional investors.
Vinson & Elkins advised Archaea Energy Inc., the industry-leading renewable natural gas (“RNG”) producer in the U.S., in a joint venture with Republic Services, Inc., a leader in the environmental services industry, to develop 39 landfill gas to RNG projects across the country.