Firms reported 25 big deals to Law Week in our Q4 2022 survey, outstripping the number of deals reported last quarter.
Last year, firms reported 48 deals to Law Week in Q4. Fewer deals were reported in 2022 as global markets prepared for an anticipated recession.
Law Week reported last year that initial projections for global market growth in 2022 were around 4%, but economists lowered their forecasts due to various disruptions, including the Russia-Ukraine war, continued supply chain issues and general labor shortages in addition to complications related to high inflation.
The following deals were submitted to Law Week by the firms who worked on them. Deal notes and details were edited for clarity, length and style.
Acquisitions
$35,000,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Katie Schroder, partner; Kelsey Johnson, associate; Jennifer Horchem, of counsel; David Weil, of counsel
Other parties: Confidential
Notes: DGS assisted with the acquisition of oil and gas properties.
$29,735,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner
Other parties: Confidential
Notes: DGS assisted with the acquisition of oil and gas properties.
$18,000,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Katie Roux, associate; Kelsey Johnson, associate; Jennifer Horchem, of counsel
Other parties: Confidential
Notes: DGS assisted with the acquisition of oil and gas properties.
$11,300,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Katie Roux, associate; Kelsey Johnson, associate; Jennifer Williams, staff attorney
Other parties: Confidential
Notes: DGS assisted with the acquisition of oil and gas properties.
$9,500,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Kelsey Johnson, associate
Other parties: Confidential
Notes: DGS assisted with the acquisition of oil and gas properties.
Confidential
Holland & Hart
Client: NextWorld Evergreen and Credo Beauty
Team: Lauren Schoeffler, partner; Aisha May, associate
Other parties: Follain
Notes: Holland & Hart represented NextWorld Evergreen, a San Francisco-based investment partnership, and Credo Beauty, a clean beauty company in the acquisition of Follain, a Boston-based clean beauty retailer. As part of the acquisition, Credo will absorb Follain’s online retail business and storefront in Beacon Hill, which will serve as the retailer’s second store in the Boston market. The Follain-branded skincare line will become part of Credo’s owned brand portfolio.
Confidential
Holland & Hart
Client: WSG Holdco, LLC (together with its subsidiaries, Willow Street)
Team: Amos Barclay, partner; Josh Allgeier, associate; Marika Rietsema Ball, associate; Peter Perla, partner; Trent Timmons, associate; Colin Oldberg, associate; Ben Gibbons, of counsel; Laurie Rogers, associate; Lindsay Silber, partner; Lori Argall, paralegal; Erin Goldbaum, paralegal
Other parties: Pathstone was represented by Alston & Bird LLP
Notes: Holland & Hart represented WSG Holdco, LLC (together with its subsidiaries, Willow Street), a Wyoming-based, independent, partner-owned trust and fiduciary services firm, in its combination with Pathstone, an independently operated, partner-owned family office. Together, the combined firm will serve the increasingly complex needs of multigenerational families.
Confidential
Holland & Hart
Client: Liteye Systems, Inc.
Team: Matthew Cavarra, partner; Robert Denzer, associate; Anton Krayniy, associate; Nicki Cerasoli, of counsel; Theland Thomas, associate; Trent Timmons, associate
Other parties: Highlander Partners LP was represented by Baker McKenzie
Notes: Holland & Hart represented Liteye Systems, Inc., a defense company that develops, integrates and manufactures counter unmanned aircraft systems, or C-UAS, which detect, identify, track and disrupt unmanned aircrafts, in its acquisition by Highlander Partners, L.P., a private investment firm. Earlier this year, Highlander established a new division, High Point Aerotechnologies LLC, to focus on and pursue the rapidly evolving C-UAS and UAS industries.
Confidential
Perkins Coie LLP
Client: 11:11 Systems
Team: Sonny Allison, partner; Amelia Davis, partner; Tessa Bell, associate
Other parties: Sungard Availability Services
Notes: Perkins Coie represented 11:11 Systems, Inc. in its acquisition of Sungard Availability Services, a provider of connected cloud infrastructure and workplace recovery services intended for enterprise customers.
Confidential
Perkins Coie LLP
Client: Copley Equity Partners, LLC
Team: Nate Ford, partner; Jessica Batzell, partner; Kaycie Benesch-Rupp, counsel; Amelia Davis, partner
Other parties: FMG Leading
Notes: Perkins Coie represented Copley Equity Partners, LLC in its acquisition of FMG Leading, an advisory firm that helps clients build value-driven organizations by aligning human performance with business strategy.
Dispositions
$125,000,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Kelsey Johnson, associate; Jennifer Horchem, of counsel; David Weil, of counsel
Other parties: Confidential
Notes: DGS assisted with the divestiture of oil and gas properties.
$22,500,000
Davis Graham & Stubbs LLP
Client: Confidential
Team: Lamont Larsen, partner; Ryan Mahoney, associate
Other parties: Confidential
Notes: DGS assisted with the divestiture of oil and gas properties.
Debt finance
$800,000,000
Gibson, Dunn & Crutcher LLP
Client: Atmos Energy Corporation
Team: Robyn Zolman, partner; Sarah Ediger, associate; Jordan Holsinger, associate
Other parties: Mizuho Securities USA LLC, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. were representatives of the underwriters. Shearman & Sterling LLP represented the underwriters
Notes: Gibson Dunn represented Atmos Energy in connection with an $800 million offering of two tranches of SEC-registered senior notes.
Equity finance
$11,500,000
Holland & Hart
Client: Partake Foods
Team: Chuck Cotter, partner; Lauren Schoeffler, partner; Aisha May, associate
Notes: Holland & Hart represented Partake Foods, a brand of certified gluten-free, vegan, non-GMO and allergy-friendly baked goods and baking mixes, in its series B financing round. This round consisted of a number of closings, totaling approximately $11.5 million in funding.
Confidential
Davis Graham & Stubbs LLP
Client: Atomos Nuclear and Space Corporation
Team: Trent Martinet, partner; Jessica Dangoia-Crandall, associate; David Weil, of counsel
Other parties: Wilson Sonsini Goodrich & Rosati represented the lead investor
Confidential
Davis Graham & Stubbs LLP
Client: Best Shot Care Inc.
Team: Trent Martinet, partner; Jessica Dangoia-Crandall, associate
Notes: DGS assisted with series seed-2 equity financing.
Confidential
Davis Graham & Stubbs LLP
Client: Morpheus Data Holdings, LLC
Team: Trent Martinet, partner; Jessica Dangoia-Crandall, associate; David Weil, of counsel
Other parties: King & Spalding LLP represented the investor
Notes: DGS assisted with add-on series D equity financing.
Other
Confidential
Holland & Hart
Client: Prologis
Team: Ashley Wald, partner; Eric Wolaver, associate
Notes: Holland & Hart was lead counsel to Prologis in the negotiation of five power purchase agreements with Clean Power Alliance of Southern California for the installation of five rooftop solar projects, with a combined generating capacity of 5.92 megawatts. Each of the PPAs has a 15-year contract term and will deliver clean energy to disadvantaged communities in Los Angeles and Ventura Counties through CPA’s Disadvantaged Communities Green Tariff program.
$500,000,000
Holland & Hart
Client: Fundare Resources Company, LLC
Team: Todd Criger, partner; Tim Crisp, partner; Kent Karber, of counsel; Kit LeVoy, senior counsel; Lori Argall, paralegal
Other parties: BOK Financial was represented by Baker Botts LLP
Notes: Holland & Hart represented Fundare Resources Company, LLC, a Denver-based exploration and production company, in negotiating, documenting and closing a $500 million senior-secured credit facility. On Dec. 12, Fundare announced it entered into a credit agreement with Fundare Redtail, LLC as a borrower and a syndicate of lenders led by BOK Financial as administrative agent. KeyBanc Capital Markets served as joint lead arranger and UMB Bank served as syndication agent. The credit agreement provides for a reserve-based revolving facility in an aggregate original commitment amount of $500 million with an initial borrowing base of $120 million that will be redetermined semi-annually. The credit facility will be used to refinance existing indebtedness, fund future development of Fundare Redtail’s oil and gas properties and for other corporate development opportunities and general corporate purposes.
$9,500,000
Holland & Hart
Client: Comrit Investments I, LP
Team: Amos Barclay, partner; Andrew Leddy, associate
Notes: Holland & Hart represented Comrit Investments I, LP in five tender offers for shares of nontraded real estate investment trusts, or REITs. These offers resulted in the aggregate purchase by Comrit of approximately $9.5 million in common equity of various nontraded REITs.
$5,000,000
Sherman & Howard
Client: zLinq, Inc.
Team: Lyle Wallace, member; Jackie Benson, member; Alex Thomas, associate
Other parties: A subsidiary of McCarthy Capital was represented by Koley Jessen P.C.
$8,000,000
Sherman & Howard
Client: Reynolds Family Farm, LLC
Team: Bill Peffer, member; Ryan Christ, member; Vince Luparell, associate
Other parties: Other parties were represented by Spencer Fane
Confidential
Sherman & Howard
Client: CC&S, LLC
Team: Bill Peffer, member; Ryan Christ, member; Vince Luparell, associate
Other parties: Other parties were represented by in-house counsel
Confidential
Sherman & Howard
Client: Meiers Mechanical, Inc.
Team: Bill Peffer, member; Vince Luparell, associate
Other parties: Other parties were represented by Sheppard Mullin
Notes: Sherman & Howard assisted with the sale of equity in HVAC businesses.
Confidential
Sherman & Howard
Client: Confidential
Team: Garth Jensen, member; Alex Thomas, associate; Heather Vickles, member
Other parties: Confidential
Notes: Sherman & Howard assisted with the asset sale of a freight logistics company.