Baker Botts is off to an early start in large energy deals for 2015 – see below for news that the firm is representing Regency Energy Partners in its announced US$18 billion merger with Energy Transfer Partners.
The firm’s corporate, tax, antitrust, litigation and employee benefits groups in Houston and Dallas are advising Regency in the deal, expected to close in the second quarter.
The deal portends another active year for energy-related M&A at Baker Botts, following a blowout 2014. The firm advised on 73 M&A transactions last year, valued at more than US$250 billion, the majority of that activity coming in the second half – including representing Halliburton in its announced US$35 billion acquisition of Baker Hughes, as well as the board of directors in Kinder Morgan’s US$70 billion purchase of various MLPs, the largest energy deal since Exxon and Mobil merged.
Adapted from a press release by David Bizley