David P. Elder focuses on mergers and acquisitions, public and private securities offerings, corporate governance, and general corporate and securities matters.
Practice & Background
Previously a Certified Public Accountant with Ernst & Young from 1989 to 1992, Mr. Elder represents major corporate clients in the energy, oil and gas, sports and entertainment, and telecommunications sectors, as well as issuers, underwriters and investment banking firms in a wide variety of public and private offerings. Along with various other mergers, acquisitions and capital markets transactions, Mr. Elder has represented a major international oil and gas company in a $2.5 billion tender offer and merger proposal and also counseled a major energy company in its negotiation of the largest naming rights transaction of its kind. Mr. Elder is also a member of the firm’s management committee, audit and finance committee and its partnership admissions committee.
Mr. Elder is a member of the State Bar of Texas, American Bar Association, Houston Bar Association, Houston Estate and Financial Forum and Houston Young Lawyers Association.
Mr. Elder’s representative transactions include representing:
- a large publicly traded midstream MLP in its $1.2 billion acquisition of gathering assets in the Haynesville shale
- a publicly traded E&P company in its restructuring and sale to a large publicly traded E&P company
- the financial advisor to the special committee in connection with the merger of two publicly traded MLPs
- a leading international publicly traded oil and gas company in its $2.5 billion tender offer and merger proposal for another smaller publicly traded oil and gas company
- a large publicly traded midstream master limited partnership (MLP) in its $1.2 billion acquisition of another midstream company
- a midstream master limited partnership in its initial public offering
- a publicly traded chemical company in its merger with another publicly traded chemical company
- a publicly traded chemical company in its $120 million offering of convertible senior subordinated notes
- an E&P MLP in its initial public offering
- a large publicly traded midstream MLP in its $231.5 million acquisition of a propylene fractionation business and equity interests in four related pipelines from two other publicly traded companies
- a large publicly traded midstream MLP in its $129 million acquisition of storage assets and 24 related pipelines from a large private company
- a large publicly traded midstream MLP in numerous acquisition bids and joint venture agreements
- a large publicly traded media company in its approximately $1 billion acquisition of a Dutch cable company owned by a leading telecom provider and other various acquisitions
- a large publicly traded international telecommunications company in its acquisition of a strategic parts supplier along with a consortium of well-known international and domestic telecommunication companies
- the special committee of the board of directors of the general partner of a large publicly traded coal MLP in a $250+ million public offering of subordinated units, one of the first of its kind
- a midsized publicly traded E&P company in its acquisition of another publicly traded E&P company
- a midsized publicly traded E&P company in its acquisition of another midsized E&P company and various other securities matters
- a large energy company in connection with one of the largest known naming rights transactions to date. The transaction involved negotiating related ancillary agreements, including a joint sponsorship agreement and team sponsorship agreement, with a major National Football League sports team and involved the interplay of various NFL rules governing NFL sporting events
- a major National Basketball Association team in connection with the naming rights transaction associated with a new basketball arena
- a large investment bank in a $1.5 billion debt offering by a large publicly traded oil field services company
- a midsized publicly traded propane MLP in its $350 million acquisition of a competing propane business and the simultaneous purchase of the general partner of that MLP by the owners of the competing business
- a midsized publicly traded propane MLP in numerous common unit offerings and securities matters
- a midsized publicly traded MLP in its approximately $100 million offering of common units
- a publicly traded concrete company in the initial acquisition of six separate operating businesses and simultaneous public offering of common stock (roll-up transaction).