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Vinson & Elkins advised Enviva Holdings, LP (“Enviva Holdings”) in a definitive agreement pursuant to which all of Enviva Holdings’ ownership interests were acquired by Enviva Partners, LP (“EVA”) and EVA’s incentive distribution rights were eliminated, all in exchange for 16 million EVA common units, representing total consideration of approximately $870 million based on EVA’s 20-day volume-weighted average price ending on October 13, 2021.
Vinson & Elkins advised Takkion TP&L Holdings LLC, a portfolio company of funds managed by affiliates of Apollo Global Management, Inc., in connection with its acquisition of San Angelo, TX-based Airway Services, LLC, from family office-backed private investment firms Northaven Capital Partners and Concentric Equity Partners.
Vinson & Elkins partner Caroline Blitzer Philips has been named a 2021 BTI Client Service All-Star for her superior client service.
Vinson & Elkins advised funds managed by Oaktree Capital Management, L.P. in a transaction whereby Oaktree and Providence Energy Ltd. will form a new mineral and royalty acquisitions company, Sierra Energy Holdings, LLC, backed with $500 million in equity commitments.
The 2022 edition of Chambers Latin America recognizes Vinson & Elkins as a leading firm for International Arbitration work. When interviewed by Chambers, clients said, “Not only do they establish the best defense strategy for the client, but they make sure that it is executed in the best possible way.”
Vinson & Elkins advised funds managed by affiliates of Apollo Global Management, Inc. in a $150 million equity commitment to FlexGen Power Systems, Inc., a leading integration services and software technology provider for energy storage solutions in the U.S. and globally.
Vinson & Elkins advised CoolSys™, the market-leading refrigeration, HVAC, engineering and energy solutions company and a portfolio company of Ares Management Corporation, in its acquisition of T&O Refrigeration, one of the largest independently owned refrigeration services companies in the Southeast region.
Vinson & Elkins advised funds managed by affiliates of Apollo Global Management, Inc. in a strategic partnership with Johnson Controls, the global leader for smart, healthy and sustainable buildings, to provide sustainability and energy efficiency services to help customers address decarbonization and operating cost goals for their buildings.
Vinson & Elkins advised DigitalBridge Investment Management, the investment management platform of DigitalBridge Group, Inc., in connection with a definitive agreement to acquire a controlling stake in Vertical Bridge Holdings, LLC, the largest private owner and operator of wireless communications infrastructure in the United States with over 308,000 owned or master-leased sites, including over 8,000 towers across the U.S.
Vinson & Elkins advised Spectrum Gaming Capital as financial advisor to Golden Nugget Online Gaming, Inc. in a definitive agreement between DraftKings Inc. and Golden Nugget Online Gaming, Inc. for DraftKings to acquire Golden Nugget Online Gaming in an all-stock transaction that has an implied equity value of approximately $1.56 billion.
Vinson & Elkins advised WPT Industrial Real Estate Trust (“WPT”) in connection with its sale to Blackstone Real Estate Income Trust, Inc. (“BREIT”), in which BREIT will acquire all of the outstanding units of WPT through a series of transactions that will result in unitholders receiving US$22.00 per Unit in an all-cash transaction valued at US$3.1 billion including the assumption of debt.
Vinson & Elkins advised Queen’s Gambit Growth Capital, the first special purpose acquisition company entirely led by women, in a definitive agreement for a business combination with Swvl Inc. (“Swvl”), a Dubai-based provider of transformative mass transit and shared mobility solutions, that would result in Swvl becoming a publicly listed company.