Kevin T. Crews

Biography

Kevin Crews
Kevin Crews is counsel in Weil’s Corporate Department and is based in Dallas. Mr. Crews advises public and private companies and private equity sponsors in a wide variety of complex corporate transactions (including acquisitions, dispositions, joint ventures, strategic investments, restructurings and financings) and on other general corporate and commercial matters (including securities laws, corporate governance issues and strategic considerations). He often works with Weil’s midstream and upstream oil and gas clients.

Experience:

  • ENGIE North America Inc. (f/k/a GDF SUEZ Energy North America, Inc.) in its sell-side auction of U.S. power generation assets, culminating in the $3.3 billion sale (and related reorganization) of its portfolio of electric generating plants in Texas, New England and the Mid-Atlantic, to Dynegy and the $1.2 billion sale of hydroelectric power generation assets to Public Sector Pension Investment Board
  • Magnetar Capital in numerous strategic investments, financings, recapitalizations and dispositions, including:
    • its preferred financing of Covey Park Energy’s $465 million acquisition of upstream assets in the Haynesville shale from Chesapeake Exploration
    • its $250 million line of equity commitment to Lucid Energy Group II Holdings, a leading midstream oil and gas company
    • its co-investment in a $1.25 billion preferred financing of Chesapeake Utica upstream joint venture and exit from the investment
    • its co-investment in a $1.25 billion preferred financing of Chesapeake Cleveland Tonkawa upstream joint venture
    • in (together with EIG Global Energy Partners) its $475 million perpetual preferred equity investment in CrownRock Holdings, L.P.
    • in its capacity as a holder of preferred equity in connection with the $18 billion merger of Energy Transfer Partners and Regency Energy Partners
    • in its capacity as a holder of preferred equity in connection with the approximately $7.5 billion merger of Crestwood Equity Partners and Crestwood Midstream Partners
    • in its capacity as a holder of preferred equity (together with GSO Capital Partners, EIG Global Energy Partners and TPG Capital) in the sale of upstream assets by Chesapeake Cleveland Tonkawa joint venture to FourPoint Energy and related redemption of preferred equity
    • its investment (together with Harvest Partners) in convertible preferred units of Regency Energy Partners, a master limited partnership, and its exit from the investment
    • its co-investment in a $450 million preferred financing of Plains Exploration and Production Gulf of Mexico offshore development project
    • its $400 million mezzanine debt financing of Eclipse Resources’ acquisition of The Oxford Oil Company
    • its acquisition (together with GSO Capital Partners) from General Electric Energy of preferred units of the general partner of Summit Midstream Partners, a master limited partnership
  • Wildcat Midstream Partners and related companies in numerous investments, joint ventures and dispositions, including:
    • its joint venture with a public upstream company for construction and operation of a crude oil pipeline in the Permian basin and subsequent sale of the joint venture to JP Energy Development, a master limited partnership
    • its midstream joint venture with Liberty Energy
    • its sale of a controlling stake in a midstream portfolio company to Highstar Capital
  • Discovery Midstream Partners
    • and other selling owners of Discovery DJ Services LLC, a joint venture of Old Ironsides Energy and Ward Energy Partners, in the sale of Discovery DJ Services to TPG Capital and rollover of a portion of management’s equity
    • in its midstream joint venture with Old Ironsides Energy
  • Breitburn Energy Partners LP in its $775 million sale of certain of its upstream assets to Birch Permian Holdings, Inc. and its $793 million sale of the remainder of its assets to Maverick Natural Resources LLC, via a chapter 11 reorganization
  • Fieldwood Energy LLC (a portfolio company of Riverstone) in its prepackaged chapter 11 cases pursuant to which Fieldwood deleveraged its balance sheet by $1.6 billion, raised approximately $525 million in an equity rights offering and purchased for $710 million all Gulf of Mexico deepwater oil and gas assets of Noble Energy, Inc.
  • Old Ironsides Energy
    • in its upstream joint venture with Carbon Natural Gas Company and Yorktown Energy Partners to explore and produce in the Southern Appalachia
    • in the $1.75 billion sale of three Delaware Basin subsidiary companies of Brazos Midstream Holdings, LLC to Morgan Stanley Infrastructure
  • Ontario Teachers’ Pension Plan in various equity investments in upstream and midstream oil and gas companies
  • Stonegate Production Company LLC in its sale of certain non-operated oil and gas assets to Stonehold Energy Corporation
  • Tailwater Capital in its formation of an upstream and midstream energy investment fund and that fund's acquisition of oil and gas investments from HM Capital Partners
  • Fir Tree Partners and Crestline Investors in their acquisition of substantially all of the assets of Emerald Oil pursuant to a bankruptcy plan and the formation of an asset-level joint venture with Petro-Hunt
  • EIG Global Energy Partners in its recapitalization of an upstream offshore oil and gas portfolio company and its joint venture with Sankaty Advisors
  • Oxford Finance Corporation (a portfolio company of Sumitomo Corporation of America) in its sale of a minority stake to Welsh Carson and establishment of a joint venture for life science and healthcare services companies
  • NYDJ Apparel (a portfolio company of Falconhead Capital) in its sale of a controlling interest in leading women’s clothing maker to Crestview Partners
  • General Growth Properties, Inc. in its $8 billion recapitalization by Brookfield and Pershing Square, and in its spinoff of The Howard Hughes Corporation and Rouse Properties, Inc.

Mr. Crews has been recognized as a “Rising Star” in Texas for corporate M&A by Super Lawyers ​since 2014. He was also selected by the Business Council for the Arts for its prestigious 2017-18 Leadership Arts Institute. Prior to joining Weil, he worked on M&A transactions for two years in the Investment Banking Division of Merrill Lynch in New York. Mr. Crews received his J.D., with Harlan Fiske Stone Scholar honors, from Columbia Law School where he was a staff editor for the Columbia Business Law Review, and his B.A., summa cum laude, from the University of North Carolina at Chapel Hill.

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