Stephen T.Olson

Partner-in-Charge Houston

(T) 1.832.239.3744

Stephen Olson is widely recognized as one of the leading M&A lawyers in the country. He counsels clients in connection with public and private acquisition and divestiture transactions, complex joint ventures, registered offerings and private placements of debt and equity securities, as well as corporate governance and other general corporate matters. His clients include private equity firms, private and mature public companies, and investment banking firms. He is Partner-in-Charge and head of M&A of the Houston Office.

He has worked with clients across a diverse number of industries including chemicals, manufacturing, health care, technology, finance, media, telecommunications, and energy.

Stephen maintains an active pro bono practice and regularly serves as outside legal advisor to one of the largest NGOs in the world. He works with international financial institutions, such as The World Bank and the International Monetary Fund (IMF), on projects related to advancing the rule of law and the safeguarding and stewardship of sovereign wealth in developing nations to help build sustainable infrastructures and improve basic living conditions.

Stephen is heavily involved in the local Houston community, serving on the board of directors of the Friends of West University Place Parks Fund and coaching several youth sports teams.

Experience

  • Arsenal Capital Partners acquires HistoGeneX and Caprion BiosciencesJones Day advised Arsenal Capital Partners on major investments in HistoGeneX and Caprion Biosciences and the subsequent combination of the two businesses.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Rivian receives $500 million investment from FordJones Day advised Global Oryx Company Limited and Rivian Automotive Inc. in a $500 million investment from Ford Motor Company.
  • Rivian receives $700 million investment led by AmazonJones Day advised Global Oryx Company Limited and Rivian Automotive Inc. in a $700 million investment led by Amazon.
  • Arsenal Capital Partners sells IGM Resins to AstorgJones Day advised Arsenal Capital Partners (“ACP”) on the full shop auction of IGM Resins Cooperative U.A. and its group (“IGM”) to European private equity firm Astorg as the successful bidder.
  • Andeavor subsidiary Western Refining Company acquires west coast asphalt terminals from Delek US HoldingsJones Day advised Western Refining Company, L.P. ("WRC"), a subsidiary of Andeavor (NYSE: ANDV), in connection with the acquisition of asphalt terminals from subsidiaries of Delek US Holdings, Inc. for a total consideration of $75 million, plus working capital.
  • Rivian receives strategic investment from Sumitomo Corporation of AmericasJones Day advised Rivian in the strategic investment by Sumitomo Corporation of Americas.
  • Investment banking and securities firm provides $255 million revolving credit facility and term loans supporting midstream oil and gas company in ColoradoJones Day represented the administrative agent in connection with a $255 million revolving credit facility and term loans supporting a midstream oil and gas company in Colorado.
  • Flowchem acquired by KMG for $495 millionJones Day advised Flowchem LLC, a portfolio company of Arsenal Capital Partners, in its $495 million acquisition by KMG Chemicals, a leading global provider of specialty chemicals.
  • Shoreline Energy successfully confirms chapter 11 plan and closes asset salesJones Day represented Shoreline Energy LLC and seven of its affiliates in their chapter 11 cases which filed for protection on November 2, 2016 in the Southern District of Texas.
  • Schulz Holding sells U.S. and German Business to Precision Castparts Corp.Jones Day advised Schulz Holding GmbH & Co., KG ("Schulz"), a Germany based global piping manufacturer, in the sale of its U.S. and German Business to Precision Castparts Corp., a Berkshire Hathaway company.
  • Rivian acquires manufacturing facility in IllinoisJones Day advised Rivian Automotive in its purchase of the Mitsubishi Motors North American facility in Normal, Illinois.
  • Swift Energy sells its interests in Lake Washington Field in East Louisiana to Hilcorp EnergyJones Day advised Swift Energy Company in connection with the sale of its interests in the Lake Washington Field (Plaquemines Parish, LA) to Hilcorp Energy.
  • Kel-Tech, Inc. sold to Clariant AGJones Day advised Kel-Tech, Inc., a subsidiary of Arsenal Capital Partners that provides oilfield production chemicals, in connection with its sale to Clariant AG, a Swiss-based leader in specialty chemicals.
  • SAExploration completes restructuring transactionsJones Day advised SAExploration Holdings, Inc., an internationally-focused oilfield services company offering seismic data acquisition and logistical support services, in the negotiation of a restructuring support agreement with a group of holders of the company's outstanding bonds; an exchange offer and consent solicitation for these bonds based on Section 4(a)(2) and Regulation S of the Securities Act of 1933 (pursuant to which $138 million of unsecured bonds were exchanged for $76 million of new Senior Secured Notes and 6.4 million shares of Common Stock); the issuance of two series of warrants to existing common stockholders the issuance of over 90% of Common Stock to the supporting bondholders; and new governance arrangements (including amendments to the charter and bylaws of the company and board designation rights of the supporting bondholders).
  • Swift Energy emerges from bankruptcyJones Day represented Swift Energy and eight of its subsidiaries in chapter 11 cases that were commenced on December 31, 2015 due to the significant reduction in oil and gas prices the entire industry was facing at the time.
  • Swift Energy sells shares of company’s holdings in South Bearhead Creek Field and Burr Ferry Field areas to Texegy LLCJones Day represented Swift Energy Company in the sale of a 75 percent share of the company’s holdings in the South Bearhead Creek Field and Burr Ferry Field areas, located in Central Louisiana, to Texegy LLC.
  • The following represents experience acquired prior to joining Jones Day.

    Represented a multinational offshore oil field services company in its $300 million acquisition and financing of two accommodation and construction support jack-up rigs being built by Chinese shipbuilding company Dalian Shipbuilding Industry Offshore. With respect to the project finance aspect of the transaction, advised client on mezzanine debt offering and equity offering.

    Represented a Saudi-based investment conglomerate in an approximately $500 million joint venture with a U.S.-based automotive OEM to manufacture and distribute vehicles in the U.S., China, Turkey, the Middle East, and North Africa.

    Represented a NYSE-listed global consulting firm in its acquisition of a prominent Washington, D.C.-based lobbying group, including coordinating a team to advise on what procedures the client would need to adopt internally post-closing in order to comply with federal and state regulations governing lobbying activities.

    Represented Denbury Resources (NYSE: DNR) in its $4.5 billion merger with Encore Acquisition Company. Represented Denbury in all aspects of the transaction, including negotiating and drafting the merger agreement, Form S-4, and merger proxy, and with financing the merger and its offering of $1 billion senior notes and subsequent cash tender offers to purchase three series of Encore's outstanding senior notes.

    Represented a Netherlands-based global engineering and fabrication company in a cross-border transaction involving spin-off and subsequent sale of two of its international subsidiaries.

    Represented a joint venture consisting of two multinational energy companies in preparation and negotiation of definitive agreements with a consortium of five multinational petroleum companies related to a $750 million offshore pipeline project in deepwater Gulf of Mexico. Prepared and negotiated transaction documents, including construction agreement and transportation agreements with each individual producer.

    Represented management team of leading financial services firm in its $200 million MBO, including negotiating financing for buyout with private equity firm. Drafted and negotiated documents related to both acquisition and financing aspects of the transaction.

    Represented the independent directors of MLP general partners in "special approval" of conflicted merger and acquisition transactions, including directors of EPE GP Holdings in its $8 billion merger into Enterprise Products Partners, and directors of Duncan Energy Partners in its $3.3 billion acquisition by Enterprise Products.

    Speaking Engagements

    • January 25, 2018
      State of the Oil Patch: Current State of the Market, Lessons Learned and the Way Forward
    • October 20, 2016
      Energy Summit: Transaction Services
    • October 4, 2016
      Essential Power Sources: Legal Counsel and Managing Energy Deals/Ensure Business Growth in a Volatile Energy Market
    • May 17, 2016
      Ethics CLE Breakfast Club: Ethical Issues for Distressed Businesses
    • May 11, 2016
      Accounting and Enforcement Update for Energy Companies
    • February 18-19, 2016
      The Center for American and International Law’s 67th Annual Oil & Gas Law Conference
    • February 18, 2016
      Institute for Energy Law 67th Annual Oil & Gas Law Conference A&D Strategies in Low Commodity Price Conditions: In-Court and Out-of-Court Options
    • September 10, 2015
      6th Law of Shale Plays Conference: Private and Public Capital Raises and Exit Transactions in Today's Shale Plays
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