Kirkland announced Monday morning that prominent capital markets partner Julian Seiguer has joined the firm’s Houston office.
Seiguer was formerly at Vinson & Elkins. He says he was attracted to Kirkland’s “tremendous success in establishing a market-leading energy private equity and M&A platform in Houston.
“There is a tremendous opportunity to contribute to the further building of a similarly successful position in the equity and debt capital markets space, and being a part of that story was too compelling to pass up,” he added.
Seiguer represents both issuers and investment banks on initial public offerings, follow-on equity offerings, Rule 144A offerings and other corporate financing transactions. This year, he has handled an IPO for Ranger Energy Services and concurrent equity and debt offerings for Parsley Energy to fund the purchase of assets from Double Eagle Permian.
“The energy capital markets have seen some dislocations in the second half of 2017 and issuers and sponsors are looking at creative forms of alternative capital and/or exit opportunities,” Seiguer notes. “The direction and stability of commodity prices is going to dictate how sponsors and management teams think about their options.”
Seiguer ranked fifth in The Texas Lawbook’s Corporate Deal Tracker in 2016 for leading or co-leading the most securities offerings on the issuer’s and underwriters’ side combined.
Last September, Seiguer was among a group of lawyers who helped revive the energy IPO market when he represented Houston-based Noble Midstream Partners in its $323 million initial public offering. The Noble Midstream transaction was the first energy IPO to successfully price close in 2016 due to a slump in new issue activity in the oil and gas market.
Seiguer also advised Yorktown, BlackRock and Neuberger Berman-backed Extraction Oil & Gas on its initial public offering last year as well as Quantum, Riverstone and Lime Rock Partners-backed Vantage Energy on its planned IPO, which was preempted when the company agreed to be acquired by Rice Energy last year for $2.7 billion.