© 2015 The Texas Lawbook.
By Brooks Igo
(Nov. 19) – Haynes and Boone recently announced that Neal Kaminsky, a corporate finance expert, has joined the firm’s Houston office as a partner.
Kaminsky, who was previously at Porter Hedges, said he has had great experiences opposite Haynes and Boone at the negotiation table in financial transactions he has worked on.
“They are a recognized leader in financial services,” he said. “The move will allow me to expand my client base and provide current and future clients with a broader and deeper bench of legal services across many well-known jurisdictions.”
In the current economic climate, particularly in the oil and gas industry, Kaminsky expects to see a continued focus by lenders and borrowers on the scalability of a borrower’s operations.
“That, together with investments from equity sponsors or from previous capital raises from the public markets, may provide some clarity on who will come out healthier and stronger on the other side,” he says.
The new Haynes and Boone partner adds that there remains dry powder on the sidelines to use for acquisitions in the near future, which will likely lead to financing opportunities.
In the past couple of years, Kaminsky has closed a number of leveraged financings in conjunction with acquisitions.
One involved a private equity sponsored acquisition of a multi-jurisdictional petrochemical services business. Another deal involved a two-step financing with the spin-off of a division of a food service company as a result of the sale of the parent company.
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