© 2018 The Texas Lawbook.
By Brooks Igo
(June 18) – Baker Botts announced on Monday that capital markets partner Justin Hoffman has left Kirkland & Ellis to join the firm’s Houston office.
Hoffman, who also practiced at Simpson Thacher before moving to Kirkland in 2016, has advised on bunches of deals so far in 2018.
In January alone, Hoffman was part of groups that advised underwriters on Nine Energy Service’s $161 million initial public offering; affiliates of Värde Partners on its $100 million convertible preferred stock investment into Lilis Energy; and Warburg Pincus on $350 million private placement investment in Semgroup. He also counseled EIG Global Energy Partners on a $500 million investment into USA Compression Partners to help it finance its $1.8 billion acquisition of CM Resource Management, a unit of Energy Transfer Partners.
In February, he was part of a group that advised the underwriters on a $600 million Weatherford notes offering.
“I really enjoy working on interdisciplinary capital markets transactions that occur in connection with a broader strategic transaction because they require both a big picture focus and attention to small details,” he said.
Hoffman pointed specifically to the convertible instruments work for Värde Partners as an example.
“These transactions were very bespoke and required significant coordination among banking, M&A and securities lawyers,” he noted.
Hoffman expects to see a continued efforts to make the U.S. public markets more competitive globally, particularly through the streamlining of disclosure rules and requirements. He also predicts the 144A bond market will remain a reliable source of capital for public and pre-public companies even with rising interest rates.
“Justin’s experience in the capital markets arena, and energy sector, will be a great addition to our already robust corporate team,” Andrew Baker, managing partner of Baker Botts, said in a statement.
“His strategic focus and outstanding track record advising clients through initial public offerings, debt and public equity offerings will add significant value for our clients.”
Claire Poole contributed to this report.
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