Haynes and Boone Wins Two National Awards for Rise Energy Acquisition of Pacific Energy Resources Controlling Interest


CHICAGO – Haynes and Boone, LLP attorneys have been awarded two prestigious national awards for their role representing Rise Energy Partners, LP in a series of 2009 distressed debt transactions.

In separate Chicago ceremonies, The M&A Advisor honored Dallas partners Robert D. Albergotti, Janice V. Sharry and Sue Murphy for conducting the Energy Deal of the Year, while the Global M&A Network designated them winners of the 2009 Energy and Services Turnaround Atlas award.

The attorneys assisted Rise in the acquisition of a 51.75 percent ownership interest in oil and gas properties of Pacific Energy Resources Ltd. and the stock of San Pedro Bay Pipeline Company.

The M&A Advisor announced winners of the 2010 Financing Awards June 22 at the 5th Annual Middle-Market Financing Awards Gala at the Drake Hotel. The Financing Awards Gala honored deal-teams, deal-makers, and firms whose activities set the standard for the industry. This year, 99 finalists in 26 categories were chosen. An independent body of experts who represent a cross-section of the middle-market financing industry determined the ultimate recipients of the awards.

"In these tough economic times we should praise these firms for rising to the challenge to seize and close middle-market deals," said Roger Aguinaldo, CEO of The M&A Advisor. "All financing award recipients are true industry leaders and it is our honor to recognize them."

Presentation of the Global M&A Network awards was made June 17 in ceremonies at Chicago’s Allerton Hotel. It was the second straight year the firm has been recognized in one of the top Turnaround Atlas categories. Last year, Haynes and Boone was honored for the firm’s performance in the complex asset purchase and reorganization of Marcal Paper Mills, Inc., a fourth-generation family business bought out of bankruptcy by Highland Capital Management.

"Finalists and winners should take pride for completing an impressive variety of turnarounds during tough economic conditions,” said Shanta Kumari, Global M&A Network managing partner and CEO. “It is a testament to their resourcefulness, persistence and leadership.” The winning efforts, she said, came during a record year for non-judicial and in-court reorganizations, highlighted by the U.S. auto reorganizations and increases in pre-packaged bankruptcies and distressed M&A activities.

“We were privileged to assist our friends at Rise Energy Partners with this challenging series of transactions,” Ms. Sharry said. “It is doubly rewarding to receive industry recognition for serving such a top-notch client.”

The properties acquired included three offshore leases located in federal waters off the coast of California, three production platforms and a pipeline connecting the production platforms to the coast.

The acquisition was completed pursuant to an Order of the United States Bankruptcy Court for the District of Delaware pursuant to Section 363 of the Bankruptcy Code. Haynes and Boone attorneys led multiple parallel facets of distressed turnaround simultaneously negotiating and finalizing the purchase of the debtor's distressed debt, negotiating with creditors' committee and debtor Section 363 restructuring bid comprised of credit bid and assumption of debt.

Haynes and Boone, LLP is an international corporate law firm with offices in Texas, New York, California, Washington, D.C., Mexico City and Moscow, providing a full spectrum of legal services. With almost 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The firm has been recognized as one of the "Best Corporate Law Firms in America" (Corporate Board Member Magazine, 2001-2009), as one of "The Best 20 Law Firms to Work For" (Vault.com, 2009), and as a Top 100 law firm for both diversity (MultiCultural Law Magazine, 2009) and women (Women 3.0, 2008).

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