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Business & Finance
Schulte works with some of the world's top alternative asset managers in connection with oil and gas, coal and the chemical and electric industries. From advising on sophisticated energy-related mergers and acquisitions, divestitures, proxy contests, workouts and restructurings, to handling capital markets transactions, real estate transactions, distressed investments, tax issues with U.S. and non-U.S. capital and the development and trading of new and complex financial products, we skillfully meet the investment fund and transactional needs of our clients in this highly specialized area.
Our clients benefit from our premier practice in investment management, allowing us to provide unparalleled advice to energy-focused asset managers. Our lawyers are leaders in the industry and we have a substantial and well-regarded private equity practice. We authored the leading treatise Private Equity Funds: Formation and Operation and partnered with Private Equity International to release Fund Formation and Incentives Report, a research study of senior private equity managers. Schulte was named the Investment Funds – Alternative/Hedge Funds Law Firm of the Year at The Legal 500 United States Awards in 2014 and 2015, and the top legal service provider for hedge funds based on AUM for the last six years in HFR's annual Market Microstructure Hedge Fund Industry Report. We also possess extensive regulatory, employment and ERISA experience, and we have a proven track record of success in federal and state litigation and arbitration proceedings.
Schulte's oil and gas experience extends to each link of the value chain. We have advised on upstream transactions covering exploration and production; midstream transactions dealing with gathering, storage, transportation and processing; and downstream transactions that involve refining, marketing, petrochemicals trading and derivatives, transportation and shipping.
Represented Cerberus Capital Management acquisition of Keane & Sons Drilling Co., a major provider of hydraulic fracturing drilling services, primarily in the Marcellus Shale. We have also represented Keane in a number of add-on acquisitions to expand its business to other areas.
Represented an affiliate of Veritas Capital in the $150-million acquisition of EMCORE Corporation’s Space Photovoltaics business, which provides products for space power applications, including high-efficiency multi-junction solar cells, coverglass interconnected cells and complete satellite solar panels and terrestrial applications.
Represented Aeroflex Holding Corp. in its $1.46-billion sale to Cobham plc, a U.K.-listed company that designs and manufactures a wide range of equipment, specialized systems and components for the aerospace, defense, energy and electronics industries.
Represented Carlson Capital as shareholder of EPL Oil & Gas Inc., an independent oil and natural gas exploration and production company, in its $2.3-billion merger with Energy XXI, an independent oil and natural gas exploration and production company.
Represented TPH Asset Management, an affiliate of Tudor, Pickering, Holt & Co. Advisors, LLC, in connection with the establishment and offering of hedge funds that focus on energy and energy infrastructure companies, including utilities and master limited partnerships, and the acquisition of investments for such vehicles.
Represented The Energy & Minerals Group, a private investment firm with a family of funds that invest in the energy and minerals sectors, in connection with fundraising and structuring to establish the $4 billion EMG Fund III – EMG’s third energy and minerals fund.
Represented Wexford Capital in connection with the establishment and offering of private equity funds and hedge funds investing in energy and natural resources, including coal.
Representing Vortus Investment Advisors, a private equity firm investing in the mid-market upstream energy industry in North America, regarding fundraising and structuring advice to establish Fund I — the manager’s maiden oil and gas fund — including closing a $50 million club deal for warehouse investment.
Representing REAL Infrastructure Capital Partners on fundraising and structuring to establish REAL Infrastructure Capital Partners — the manager’s first renewable energy fund. The fund will invest in utility-scale, renewable resource power generation.
Represented a specialty finance lender as prepetition/DIP/proposed exit lender to Storm Cat Energy, an oil and gas exploration and production company.
Represented a group of lenders in financing the acquisition (by a private equity sponsor) of certain companies, operated from numerous locations in West Virginia and Kentucky, engaged in the business of storing and transferring coal, liquids and general bulk commodities, barge-towing services and the mixing and selling of synthetic fuel and coal.
Represented the agent for a syndicate of lenders in an oil and gas reserve based financing to a privately-held exploration and development company operating primarily in the Appalachian area.
Represented TPG-Axon Capital Management in its successful activist campaign with SandRidge Energy Inc., conducting a consent solicitation that resulted in the immediate addition of four TPG-Axon nominees to the board and the departure of SandRidge’s CEO.
Representing Soros Fund Management in connection with its investment in Radnor, Pa.-based oil and gas company Penn Virginia Corp., seeking to cause the company to explore strategic alternatives and modify capital allocation policies to increase shareholder value.
Represented the board of Equal Energy in connection with an activist campaign brought by two individual activist investors, defeating a proposed proxy contest; and successfully advised the board during Lawndale Capital’s activist campaign to force the immediate sale of the company.
Represented investors in the unregistered PIPE issued by Magnum Hunter Resources Corporation, an independent oil and gas company engaged in the exploration, exploitation, acquisition, development and production of crude oil, natural gas and NGLs in the United States and Canada.
Represented investors in the registered direct PIPE issued by Samson Oil & Gas, an Australia-based oil and gas company.
Represented investors in the registered direct-CMPO PIPE issued by Gevo, a leading renewable chemicals and advanced biofuels company.
Represented investors in the registered direct PIPE issued by Ballard Power Systems, a designer and manufacturer of clean energy hydrogen fuel cells.
Represented Tennenbaum Capital Management and TPG Specialty Lending Inc. as prepetition first lien lenders in the Chapter 11 case of Global Geophysical Systems Inc. and affiliates.
Represented Ableco Finance, Wells Fargo Foothill and Regiment Capital as prepetition secured creditors in the bankruptcy case of Pen Holdings, Inc., where the debtors were primarily engaged in the mining and sale of coal, and controlled the mineral rights to approximately 200 million tons of reserves.
Represented Alfa SAB de CV, a Mexican holding company, before the U.S. Court of Appeals for the Second Circuit in litigation stemming from the bankruptcy of Enron, a Houston-based energy, commodities and services company.
Represented the creditors’ committee in Global Power Equipment Group and Pegasus Gold Corporation.
Represented the chairman of an official equity committee in the reorganization of Seahawk Drilling Inc., a company that provided drilling services to the oil and natural gas exploration and production industries.
Distressed Debt & Claims Trading
Represented investors in Stallion Oilfield, a leading oilfield services company that provides comprehensive wellsite support and production and logistics services to oil and natural gas exploration and production companies, during its Chapter 11 reorganization.
Represented an investment fund with respect to a foreclosure upon natural gas working interests in the Fayetteville Shale.
Represented investors in Trident Resources Corporation, a natural gas production company principally focused on the exploration and exploitation of unconventional natural gas resources, during its Chapter 11 restructuring.
Represented a private investment firm in connection with its investment in secured debt issued by Texas Competitive Electric Holdings, a subsidiary of Energy Future Holdings.
Represented a secured lender in the Chapter 11 case of Mahalo Energy, a coal-bed methane and unconventional gas exploration and development company.
Represented an affiliate of an investment manager in connection with an investment in Dynegy Inc., a Texas-based electric utility company.
Represented a private investment firm in the evaluation of a potential acquisition of Dynegy, a Texas-based electric utility company.
Represented an exploration company and insurance company in private party claims of injury and damage arising out of alleged condensate releases from a petroleum gathering system in Louisiana.
Represented Tennenbaum Capital Partners LLC in leading a group of investors that provided a $75-million credit facility to Oxford Resource Partners LP, which owns Oxford Mining, operator of several coal mines in Ohio and Kentucky, and in the securing of mortgages on the coal leasehold rights and fee properties.
Schulte Roth & Zabel (SRZ) is hosting its 27th Annual Private Investment Funds Seminar today in New York. A pioneer in the alternative investment management industry, SRZ has advised private funds for nearly 50 years. Today’s seminar...
Schulte Roth & Zabel (SRZ) is hosting its 26th Annual Private Investment Funds Seminar today in New York. A pioneer in the alternative investment management industry, SRZ has advised private funds for nearly 50 years. Today's seminar features the...
The Sabin Center for Climate Change Law and the Center on Global Energy Policy at Columbia University
While a recent federal bankruptcy court ruling provides some clarity as to how midstream gathering agreements may be treated in Chapter 11 cases involving oil and gas exploration and production companies (“E&Ps”), there are still many...
We have extensive, broad-based experience and pride ourselves on our accessibility to our clients and our responsiveness to their needs. Having participated in all litigation and transactional aspects of in-court and out-of-court restructurings, we...
The Group advises clients in structuring, preparing and negotiating deal-specific transaction documentation, including trade confirmations, debt and post-reorganization equity purchase and sale agreements, claim assignment agreements, participation...
Given the complexity and size of recent financing transactions that are now in or near distress, structuring or restructuring the deal may also require collaboration by our clients with one or more other parties who have aligned interests in order to...
Our finance practice, unlike most other law firms, covers the entire debt stack. Our lawyers have extensive experience in both middle-market and large-cap leveraged transactions, representing both traditional and alternative lenders. Stricter federal...
That counsel is bolstered with knowledge from every practice area of our firm — from tax and M&A to intellectual property, employment law and litigation — so your fund is covered from every angle. With proven business acumen and financial expertise,...
Our unparalleled team features both leading lawyers focused on general litigation and others in highly specialized areas, including antitrust; private securities litigation, including class actions and derivative suits; shareholder activism, proxy...
We regularly advise on M&A deals worth more than a billion dollars, and we have experience working with some of the most talented foreign law firms in the world on cross-border deals. Because good work leads to more of the same, we’ve also become the...
Long a leader in investor representation, particularly in the development of sophisticated and complex products, we have also become a go-to adviser to investment banks and placement agents on their most complex assignments. The firm has represented...
Our lawyers take a collaborative approach, working side by side with other specialists at our firm to provide their private equity-oriented expertise on fund formation, deal structuring and day-to-day issues faced by funds and their portfolio...
Our lawyers are skilled in all aspects of the real estate business including: acquisitions, dispositions, joint ventures, development, construction lending, financing, mezzanine lending, workouts, restructurings, REITs and commercial lending. And as...
In addition to our transactional capital markets practice, we counsel investors, public companies, their boards, board committees, special committees and executive officers in connection with ongoing compliance under the U.S. securities laws,...
The firm assists with all matters relating to activism, including campaign strategies, corporate governance, proxy rules, trading and affiliate rules, Sections 13 and 16 compliance, antitrust regulations, federal and state securities and corporate...
We provide business-critical counsel and innovative solutions for the complex formation, structuring and transactional needs of private investment firms, advising on the tax aspects of the investment activities and structures for their domestic and...