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Vinson & Elkins LLP

2801 VIA FORTUNA, SUITE 100, AUSTIN, TX 78746-7568, USA
Work +1 512 542 8400
Fax +1 512 542 8612
Austin, Beijing, Dallas, Dubai, Hong Kong, Houston and 10 more

Paul Tobias

Vinson & Elkins LLP

Work Department

M&A/Venture Capital




Paul’s practice focuses on representing technology and growth companies in the formation and operation of their businesses, raising capital through private and public offerings and buying and selling companies and assets.

United States: Finance

Capital markets: equity offerings

Within: Capital markets: equity offerings

‘A dominant player in energy deals’, the consensus is that Vinson & Elkins LLP ‘owns the oil and gas space’. The practice, which is particularly active on behalf of issuers, also garners a significant share of REITs, private equity, life sciences and technology-related offerings. Sources highlight capital markets co-chair David Oelman and the ‘up-and-coming’ Ramey Layne as ‘having more experience advising energy issuers than any other partner combination in the market’; together, the Houston-based specialists advised Liberty Oilfield Services on its $248.9m upsized IPO. Layne also acted alongside New York’s Brenda Lenahan to assist Spartan Energy Acquisition Corporation with its $552m IPO. On the technology front, Paul Tobias and Wesley Jones, both of whom are based in Austin, advised SailPoint Technologies Holdings on its $276m IPO. In Houston, the group also draws on the experience of firm chairman Mark Kelly and department co-lead Matthew Strock, while REITs expert Daniel LeBey is recommended in Richmond.

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United States: M&A/corporate and commercial

Shareholder activism

Within: Shareholder activism

At Vinson & Elkins LLP, Lawrence Elbaum advised Nutrisystem on the defense of a campaign brought by Legion Partners, which was subsequently withdrawn. Elbaum and Paul Tobias in Austin also advised Comscore on a campaign brought by Starboard Value. Understandably, the firm handles a number of energy-sector mandates, with Elbaum and Stephen Gill in Houston having represented Sandridge Energy in defense of a proxy fight brought by Carl Icahn. Other clients include Ultra Petroleum and Papa Murphy's, the latter of which the team advised on defense against a short attack by one fund and activist campaigns brought by two others. Kai Liekefett is now at Sidley Austin LLP.

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Venture capital and emerging companies

Within: Venture capital and emerging companies

Primarily based in Austin, Vinson & Elkins LLP's practice has been kept busy handling investor-side mandates. Paul Tobias advised CognitiveScale on its $26m Series B-1 financing, and acted for Elsewhere Partners, as lead investor, in the $12m Series A financing of Statflo. Other clients include Teva Pharmaceuticals, SailPoint Technologies Holdings and Pensa Systems. Wes Jones and Milam Newby are other key contacts. William Volk has retired.

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