News Releases

1st Half 2013 M&A Transaction Values Hit $21.5 Billion at Baker Botts

Release

HOUSTON, July 30, 2013 -- Through the first half of 2013, Baker Botts lawyers have advised clients on more than 20 major merger and acquisition transactions valued at a total of $21.5 billion.

The firm’s M&A activity for the first half of 2013 is up approximately $3.5 billion compared to the first half of 2012.

Transaction values are derived from public filings as well as internal data and closing documents, which are often confidential. As such, the total transaction values reported for the firm by external agencies may differ from the firm’s total number reported above due to the criteria used by the agencies.

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

  • CenterPoint Energy, Inc. in its joint venture with OGE Energy Corp. and ArcLight Capital Partners, LLC, with assets valued at over $11 billion. Houston corporate lawyer David Kirkland acted as lead partner on the transaction
  • Liberty Media Corporation in its acquisition of a 27.3% interest in Charter Communications for approximately $2.6 billion and the related Stockholders Agreement with Charter. New York corporate lawyer Buzz McGrath acted as lead partner on the matter
  • Kinder Morgan Energy Partners, L.P. in the $1.7 billion acquisition of a 50% equity interests in El Paso Midstream Investment Company, L.L.C., and a 50% equity interests in El Paso Natural Gas Company, L.L.C. from Kinder Morgan, Inc. The Firm represented the Conflicts and Audit committees of Kinder Morgan Energy Management, LLC and Kinder Morgan G.P., Inc. Houston corporate lawyer Josh Davidson acted as lead partner on the deal.

“The firm’s activity in merger and acquisition transactions has been strong for the start of this year, and we expect to see the trend continuing into the second half of the year,” said David Kirkland, chair of Baker Botts’ Corporate Practice. “Energy and TMT transactions are particularly strong, and joint venture transactions are up.”

About Baker Botts
Baker Botts is an international law firm of approximately 700 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients’ industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Throughout our 173-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit www.bakerbotts.com

Related Professionals