Edward Rhyne

Partner

edward.rhyne@bakerbotts.com

Houston

P: +1.713.229.1709 F: +1.713.229.2809
Edward Rhyne Photo

Ed Rhyne focuses his practice on private equity and other privately held firms, including family offices and family-owned businesses. Mr. Rhyne represents sponsors and institutional and family office investors in the formation of private equity funds and complex investment and co-investment vehicles, and buyers and sellers in private equity sponsored and other private mergers and acquisitions and related financing transactions. Over his more than 30-year career, Mr. Rhyne has worked as a senior partner in law firms, a member of a private equity firm and in-house general counsel of two public companies. His experience covers a broad range of industries, including aircraft finance, agricultural, commuter airlines, construction, construction services, defense and government contracting, energy and energy services, family office management, financial services, food packaging, production and services, grocery, healthcare, hospitality, industrial manufacturing and services, logistics, manufacturing, oilfield services, produce distribution, professional sports franchises, recycling, restaurant chains and franchises, software, technology and others.

Mr. Rhyne is particularly well-known among investment bankers, private equity firms and others in the Houston business community for his informative M&A school and for his thoughtful client relationship development leadership at all levels.

Related Experience

Private Equity Sponsors and Institutional Investors

  • CIC Partners (and its predecessor) – representation for over 30 years, including in connection with formation of sponsor entity, four middle-market private equity funds and a co-investment fund, over 50 M&A transactions and regulatory compliance, administrative and employment matters, and representation of portfolio companies
  • Genesis Park – representation in connection with formation of sponsor platform entity with ownership interests held by four family office groups and the formation of a middle-market private equity fund
  • Pelican Energy Partners – representation for nine years, including in connection with formation of sponsor entity, three middle-market private equity funds, M&A transactions and regulatory compliance, administrative and employment matters, and representation of portfolio companies
  • Upstream/Oilfield Services Fund – representation of veteran private equity management team in connection with the formation of sponsor entity and a re-branded oilfield services focused private equity fund
  • Upstream Fund – representation in connection with the formation of sponsor entity and a private equity fund focused on upstream investments
  • Institutional Investor – representation of a major institutional investor in connection with the formation of an infrastructure investment platform with one of the largest public pension plans in the United States
  • Outfitter Energy Management, LLC – representation in connection with Tudor, Pickering, Holt & Co.’s restructuring of, and the spin-out of management from, TPH Partners I and TPH Partners II
  • The Teacher Retirement System of Texas – representation in connection with the structuring and completion of TRS’ strategic partner network commitments of $3 billion to each of Apollo and KKR
  • UTIMCO – representation in connection with LP commitments to over 15 private equity funds, including the structuring and completion of UTIMCO’s initial fund-of-one investment
  • Quantum Resource Funds – representation of senior management team in the restructuring of their roles with Quantum Energy and assuming the principal leadership roles for the Quantum Resource Funds
  • Stellus Capital Management – representation in connection with D.E. Shaw’s spinout of its Direct Capital Activities strategy

Family Offices/Family-Owned Businesses

  • Representation of a large family office for over 10 years in connection with its investment activities, including M&A, private equity fund commitments, secondary transactions, private equity warehouse commitments and bridge loans, and regulatory compliance and portfolio company governance and management matters
  • Representation of family office in connection with developing a tax-efficient multi-family office structure and business plan
  • Representation of family in connection with the structuring and formation of a family office
  • Representation of sellers of family-owned business in structuring and formation of family office
  • Matter Family Office – representation in connection with restructuring and management acquisition of equity stake
  • 4M Capital Ltd. – representation of founding owner in connection with the sale of Arteriors to Norwest Equity Partners
  • Inrock Drilling Systems, Inc. – representation of founding owner in connection with sale to Sandvik, Inc.
  • Strike, LLC – representation of founding owner and family in connection with sale of controlling interest to One Equity Partners

Representative Mergers and Acquisitions/Investment Matters

  • Basin Energy Partners – representation in connection with acquisitions of Beck Oilfield Supply, Flowell, Frank Henry Equipment, Generators of Gillette, LarMar Rentals, OTS, Permian Pump, Pinnacle, and Tolteq Group
  • CIC Partners (including predecessor) – representation in connection with investments in (among others) Ace Cash Express, Adams Produce, CraftMark Bakery, DynaGrid, East Hampton Sandwich Co., Gaffey Overhead Crane, L&L Foods, Schuepbach, Tiff’s Treats, Willie’s Grill & Icehouse, Furr’s Family Dining, Dynamic Foods, Combs Produce, CSP, CTI Foods, Dale Gas Partners, Don Pablo’s, Greenleaf, Industrial Container Services, InnerChange, KPR, Legends Hospitality Management, Main Street Restaurant Group, OmniSYS, Quiznos Sub, Restoration Hardware, RiverPoint Farms, SignStorey Digital Media, SPG, TacoMac, The Texas Rangers, Thayer Aerospace and Triumph Pacific Oil and Gas
  • Guggenheim Corporate Funding – representation in connection with six upstream debt/equity investments
  • Hi-Crush – representation of founders in connection with formation, initial acquisitions and investment by Avista Capital Partners’; and representation of Hi-Crush in connection with acquisitions of/investments in Black Mountain Sand, Bulk Tracer, D&I Silica, FB Industries, Permian Basin Sand, Pronghorn Logistics and Proppant Express, SEC and regulatory compliance, labor and governance matters
  • Lime Rock Partners – representation in connection with structuring and investment commitment to PDC Mountaineer, LLC, a joint venture with Petroleum Development Corporation
  • Main Street Capital Corporation – representation in connection with approximately 30 portfolio debt and equity investments
  • Strike, LLC – representation in connection with acquisitions of Circle K, Crossfire and Delta Directional
  • TNT Crane – representation in connection with acquisitions of Affirm Oilfield Services, Allison Inc., Rent-A-Crane, Rocky Mountain Structures, Southway Crane & Rigging and Turner Brothers and sale-leaseback transactions with Morgan Stanley and Utica Equipment Finance; representation of management team in connection with separate acquisitions of controlling ownership by MML, Odyssey Investment Partners and First Reserve
  • Representation of project developer in connection with a private equity-backed financing and joint venture formation for the development, construction and operation of a hydrocarbon processing facility
  • Representation of water project developer in connection with a private equity-backed financing and joint venture formation for an effluent water pipeline project
  • Representation of both capital providers and management teams in private equity sponsored upstream exploration and development ventures in the Barnett, Delaware, Marcellus, Powder River, Eagle Ford and Permian Basins

Other Matters

  • Former General Counsel and Member of Management Board of IFCO Systems N.V. (f/k/a PalEx, Inc.)
  • Former General Counsel of Quanta Services, Inc.

Awards & Community

Legal 500 U.S., Recommended lawyer, M&A/corporate and commercial - M&A - middle-market ($500m-999m), 2016

The Best Lawyers in America, 2009-2017

Recognized as a Texas Super Lawyer (Thomson Reuters), 2004-2005, 2010-2011, 2015-2018

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Baker Botts M&A Tool Kit Series

This school is for in-house legal, corporate, investment banking and private equity professionals. It will provide participants with a thorough understanding of the M&A process and agreements associated with M&A transactions.

2019 Houston M&A School

Let us help you train your M&A professionals! This school is for in-house legal, corporate, investment banking and private equity professionals. It will provide participants with a thorough understanding of the M&A process and agreements associated with M&A transactions. Invited organizations will have the exclusive opportunity to enroll their professionals, free of charge.