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M&A Transactions Total $65.6 Billion at Baker Botts in 1st Half of 2015

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HOUSTON, June 30, 2015 -- Baker Botts L.L.P, a leading international law firm, announced today that through the first half of 2015, firm lawyers advised clients on 35 major merger & acquisition transactions valued at a total of $65.6 billion. 

The firm’s M&A activity for the first half of 2015 is up approximately 16% ($9 billion) compared to the first half of 2014 when the firm worked on transactions totaling $56.6 billion. The increase marks the second year in a row in which the firm’s numbers for the first half of the year have risen, with 2015 representing a more than 205% increase when compared to 2013.

Baker Botts lawyers represented clients in a number of notable transactions over the past six months, including:

• Regency Energy Partners LP in the $18 billion merger with Energy Transfer Partners L.P. Dallas partner Neel Lemon and Houston partner A.J. Ericksen led the transaction.

• Liberty Broadband Corporation in the $5 billion acquisition of New Charter Class A Common Stock as part of Charter’s $75 billion acquisition of Time Warner Cable and $10.4 billion acquisition of Bright House Networks. New York partners Buzz McGrath and Renee Wilm led the transaction.

• Conflicts Committee of Williams Partners L.P. in the proposed $13.8 billion acquisition by The Williams Companies Inc. The transaction was led by Houston partners Josh Davidson and Tull Florey.

• MeadWestvaco Corporation in the $16 billion merger with Rock-Tenn Company. Washington, D.C. partner Joseph Ostoyich provided antitrust advice in connection with the transaction.

• Depomed, Inc. in the $1.05 billion acquisition of the U.S. rights to the NUCYNTA franchise from Janssen Pharmaceuticals, a subsidiary of Johnson & Johnson. Palo Alto partners John Martin and Brian Lee led the transaction.

“During the first half of the year we saw the trend carry forward from 2014, with a high volume of big-ticket M&A work on behalf of our clients – the work ranged from Energy, to Media/Telecoms, to Technology as well as activity in other sectors,” said David Kirkland, Co-Chair of the firm’s Corporate Department.

“Based on discussions with clients, we expect to see continued significant activity in our M&A practice for the balance of the year,” continued Kelly Rose, also Co-Chair of Baker Botts' Corporate Department.

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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