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Vinson & Elkins LLP

1001 FANNIN STREET, SUITE 2500, HOUSTON, TX 77002-6760, USA
Tel:
Work +1 713 758 2222
Fax:
Fax +1 713 758 2346
Email:
Web:
www.velaw.com
Austin, Beijing, Dallas, Dubai, Hong Kong, Houston and 10 more

Matthew Strock

Tel:
Work +1 713 758 3452
Email:
Vinson & Elkins LLP

Work Department

Mergers, Acquisitions and Buyouts

Position

Matt’s principal areas of practice include mergers and acquisitions, capital markets transactions, private equity investments, and corporate governance. He has counseled clients in connection with public and private acquisition and divestiture transactions, registered offerings and private placements of debt and equity securities, and general securities law compliance issues, as well as corporate governance and other general corporate matters. His representations range from private to mature public companies, investment banking firms, and private equity firms. Matt has assisted clients in a broad range of industries, including energy, energy services, airline, manufacturing, and technology.

Member

  • Member: Houston Bar Association

Education

Matt graduated from Washington & Lee University, B.A. magna cum laude in 1995, and The University of Texas, J.D. with Honors in 1999. Admitted to Texas Bar in 1999.


United States: Finance

Capital markets: debt

Within: Capital markets: debt

Vinson & Elkins LLP, well known for its ‘specialized offering in the energy space’, packs a punch on the issuer side, where it is a popular choice for oil and gas companies looking to access the debt markets. Other key industry sectors include power, transport and financial services. Matthew Strock and David Oelman co-lead a team that also includes chairman Mark Kelly, Douglas McWilliams and Richmond-based Daniel LeBey. Highlights included advising Occidental Petroleum on its $1bn offering of senior notes, and also advising Citigroup as lead underwriter to Enterprise Products Partners LP on its $3bn notes offering. Other representative clients include Southwest Airlines, TPG RE Finance Trust and Western Gas Partners. All named lawyers are based in Houston, unless otherwise stated.

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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

M&A: large deals ($1bn+)

Within: M&A: large deals ($1bn+)

Vinson & Elkins LLP remains the market leader in energy sector M&A. It is 'very knowledgeable and responsive' and has 'great market experience'. In 2018, it advised RSP Permian on its sale to Concho Resources in an all-stock transaction valued at some $9.5bn; this was the the largest M&A deal in the oil and gas exploration and production sector since 2012, according to research outfit Wood Mackenzie. Beyond its Houston heartland, the firm has strong M&A teams in New York and Dallas. In a headline deal outside of the energy sector, the firm represented CYS Investments, an agency mortgage real estate investment trust (REIT), on its merger with Two Harbors Investment Corp, a leading hybrid mortgage REIT. The New York team was further enhanced by the arrival of John Kupiec from Kirkland & Ellis LLP, although the firm did lose a four partner team, including New York senior figure Mike Rosenwasser, to Baker Botts L.L.P..  Keith Fullenweider heads the corporate practice, which includes M&A group co-head Matthew Strock and New York managing partner James Fox. Emerging names include Stephen Gill, who 'has an extraordinary amount of experience in public company M&A matters that is very valuable', and Lande Spottswood who is 'a very knowledgeable M&A and corporate partner'. All partners are Houston-based unless stated otherwise.

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Private equity buyouts

Within: Private equity buyouts

Vinson & Elkins LLP continues to lead the way in energy industry private equity, and notably advises number of big-name buyout funds, as well as a growing number of financial sponsors. Major clients include Apollo Global Management, Blackstone Capital Partners, Goldman Sachs, KKR, Riverstone and TPG Capital. The team advised TPG Growth on its $1.2bn sale of Discovery Midstream to a newly-formed joint venture between KKR and Williams. It also advised Global Atlantic Financial Group on its $1.17bn acquisition of a 33% minority interest in Southern Power's solar portfolio. Key names include corporate practice head Keith Fullenweider, who has advised the likes of TPG Capital, Blackstone and Crestview Partners. Co-head of the M&A group Matthew Strock and co-managing partner of the New York office James Fox are also prominent practitioners.

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United States: Real estate

Real estate investment trusts (REITs)

Within: Real estate investment trusts (REITs)

Vinson & Elkins LLP's 'practice is very knowledgeable, always available and really excels at structuring and problem solving'. It covers regulatory, financial and tax matters, IPOs, offerings of equity and debt securities, restructurings, going-private transactions, and UpREIT and DownREIT partnership structures; the team has also worked on numerous M&A deals involving REITs. It advised the TPG-backed TPG RE Finance Trust on its $233m common stock IPO. The principal advisers are Richmond's Daniel LeBey, New York-based David Freed, Houston's David Oelman and Matthew Strock, and, in Washington DC, tax expert Christopher Mangin Jr, Gregory Cope and Christopher Green.

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