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Special Situations Group

Vinson & Elkins’ Special Situations practice leverages the firm’s global presence with a deep, talented bench of lawyers. Our client base includes private equity houses, special situations funds, hedge funds and other financial sponsors who seek Vinson & Elkins counsel to advise on their most complex and high profile transactions.

Our team routinely advise prospective purchasers, investors and lenders in various distressed asset acquisitions and investments. Our Special Situations lawyers team up with V&E lawyers with experience in specific sectors, including as to bankruptcy-related risks that may affect prospective investments, divestitures, and purchases. Our experience covers a range of sectors including traditional energy, renewables, infrastructure, commodities, retail, wholesale, manufacturing, real estate, and health care. Where necessary in certain jurisdictions, we work alongside carefully chosen advisors to provide a single and seamless legal work product.

Our global special situations practice is experienced advising buy-side investors in a broad range of transactions, including:

  • Private capital debt and equity investments
  • Loan and asset portfolio acquisitions and related financings
  • Liquid investing and capital structure analysis
  • Restructurings and bondholder committee advice
  • New money financings into complex capital structures
  • Private M&A and growth equity
  • Joint ventures and investment platforms

Experience Highlights

  • VGO Capital on the mezzanine financing of a specialty healthcare group with properties across the UK

  • Deutsche Bank on the investment structure for a portfolio of non-performing and performing loans and REO assets from HETA and the related establishment of a co-investment join venture platform; including a securitizaion structure

  • Sixth Street Partners on virtually all of its infrastructure, energy and renewable energy investments, including acquisitions, financings and divestitures

  • Sixth Street Partners and Oaktree Capital on the acquisition out of administration of a distressed business with existing licences in the North Sea and the establishment of a platform to bid for further licences

  • Goldman Sachs ESSG on various acquisitions and bids to acquire performing and non-performing loans secured by commercial shipping vessels and related maritime assets. Experience includes combined bids with other investors

  • Goldman Sachs Special Situations Group in multiple investments (equity, debt and hybrid) in wind, solar, geothermal, energy storage and other alternative energy and industrial projects and companies, refined coal projects, oil and gas and other hydrocarbons and commodities matters

  • Goldman Sachs Special Situations Group on investments in health care, retail, financial services and other companies

  • Elliott Management Corporation on a range of investments in energy, infrastructure, agricultural and other sectors, including debt and equity investments in public and private companies