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Neil Clausen
Neil Clausen
Associate — Tax
Associate — Tax

Neil Clausen

Neil Clausen
Houston

1001 Fannin Street
Suite 2500
Houston, TX 77002

Neil Clausen

Neil’s practice focuses on the federal income tax aspects of domestic and international transactions, including mergers and acquisitions (M&A), restructurings, and capital markets transactions. He advises clients on the formation of various inbound and outbound cross-border structures, “Up-Cs” and other initial public offering (IPO) vehicles, publicly traded partnerships (also known as master limited partnerships or MLPs), joint ventures, and private equity structures. The following is a list of representative matters in which Neil has assisted.

IPOs & Equity Offerings

  • Fortis Minerals, LLC in its initial public offering of Class A shares utilizing an Up-C structure (In Registration)

  • Tortoise Acquisition Corp., a special purpose acquisition company, in its $233 million initial public offering of units 

  • New Fortress Energy LLC in its $291 million initial public offering of Class A shares utilizing an Up-C structure

  • Focus Financial Partners Inc. in its $615 million initial public offering of common stock utilizing an Up-C structure

  • Liberty Oilfield Services, Inc. in its $249 million initial public offering of common stock utilizing an Up-C structure

  • Solaris Oilfield Infrastructure, Inc. in its $121 million initial public offering of common stock utilizing an Up-C structure

  • Select Energy Services, Inc. in its $122 initial public offering of common stock utilizing an Up-C structure

  • Marathon Petroleum Corporation, the controlling owner of MLPX LP and Andeavor Logistics LP, as special tax counsel in MPLX LP’s $14 billion acquisition of Andeavor Logistics LP, creating a combined midstream and logistics MLP with an estimated $55 billion enterprise value

  • Roan Resources in its $1 billion sale to Citizen Energy Operating, LLC, an affiliate of Warburg Pincus

  • Targa Resources in its $1.6 billion sale of a minority interest in Targa Badlands to GSO Capital Partners and Blackstone Tactical Opportunities

  • Andeavor Logistics in the $1.55 billion drop-down acquisition of a portfolio of logistics assets from Andeavor 

  • Global Atlantic Financial Group in the $1.175 billion acquisition from Southern Power of a 33 percent minority interest in its solar portfolio (comprised of 26 operating solar facilities representing approximately 1.7 gigawatts of capacity)

  • Select Energy Services, an affiliate of Crestview Partners, in its $1.3 billion merger with Rockwater Energy Solutions

  • Patterson-UTI Energy in its $1.76 billion merger with Seventy Seven Energy

Credentials

  • University of Virginia School of Law, J.D., 2016 (Editorial Board, Virginia Law Review; Order of the Coif; Edwin S. Cohen Tax Prize; Mary Claiborne and Roy H. Ritter Prize)
  • Crummer Graduate School of Business, M.B.A. with honors, 2013
  • Rollins College, A.B., Economics summa cum laude, 2012 (John R. Commons Award; NCAA All-American Athlete; Men’s Tennis Team Captain)
  • Texas
  • “Tax Reform Update and Implications,” YPE Houston Breakfast Series, January 23, 2018 (speaker)
  • “District Court Invalidates Section 7874 Inversion Regulation and Opens Door for Challenges of Certain Temporary Regulations,” V&E Tax Update E-communication, October 9, 2017 (co-author)