V&E, Baker Botts and T&K Advise in Joint Acquisition

© 2013 The Texas Lawbook.By Natalie Posgate Staff Writer for The Texas Lawbook Houston-based Quantum Energy Partners and Forum Energy Technologies announced Wednesday an agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm. No financial details of the transaction were disclosed, according to a statement by Forum. When the transaction closes, Forum and Quantum will each hold an equal interest in Global Tubing, and certain members of Global Tubing’s management team will retain a small interest. Global Tubing is located in Dayton, Texas, just 37 miles northeast of Houston. It provides coiled tubing strings and related services to customers worldwide.Vinson & Elkins is advising Quantum in the deal, with M&A partners Keith Fullenweider (Houston) and Caroline Blitzer Phillips (New York) as the lead lawyers. Houston associates Roxanne Almaraz and Christine Shaheen also played a large role. Also assisting with the deal are Houston partners Brian Moss and John Lynch; Dallas partner Brian Bloom; Houston associates James Longhofer, Stephen Jacobson, Devika Kornbacher and Martin Luff; and Dallas associate Russell Oshman. Baker Botts is representing Forum, with Houston transactional partner Tull Florey leading the deal. Houston M&A partner Sarah McLean of Thompson & Knight is representing…