V&E, Porter Hedges and Baker Botts Advise in $910 Million Transaction

© 2013 The Texas Lawbook.By Natalie Posgate Staff Writer for The Texas Lawbook (October 17) – EXCO Resources Inc. announced Thursday that it and U.S. affiliate of Britain’s BG Group plc will sell their joint venture, TGGT Holdings, LLC, to Azure Midstream Holdings LLC for approximately $910 million. Three Texas firms are handling the legal matters for the deal: Vinson & Elkins, Porter Hedges and Baker Botts. V&E is representing both BG Group and Dallas-based EXCO, with Houston M&A partner Trina Chandler and Dallas associate John Grand as the lead attorneys. The rest of the M&A team comprised of Austin associate Becky Diffen, Dallas associate Thomas Laughlin and Houston associate Christine Shaheen. Chandler is not new to her clients. In 2010, she represented BG North America in the $450 million sale of its entire U.S. power generation portfolio to Energy Capital Partners.EXCO’s general counsel is William Boeing. Before he joined the company in 2006, Boeing was a partner at Haynes and Boone in Dallas. Other V&E attorneys involved in the deal include Houston-based partners James Olson, Sean Becker and Larry Nettles and counsel Pam Stabler; Dallas-based partner Jim Meyer and associate Will Russ; and attorneys from the firm’s New York…