Kabir Phaguda

Associate, Houston

Biography

Overview

Kabir Phaguda is an associate in the Mergers and Acquisitions Practice Group in the Firm's Houston office.

Kabir has experience representing domestic and international buyers and sellers in private and public domestic and cross-border mergers and acquisitions, joint ventures and private investments, across a broad range of industries. His practice also includes representing oil and gas conglomerates as well as financial and strategic investors involving the purchase and sale of energy assets, including equity investments and joint ventures.

Kabir is listed in Best Lawyers in America: Ones to Watch for Corporate and Mergers & Acquisitions (2023 and 2024).

Prior to joining the Houston office, Kabir was based in the Firm's Miami office.

Bars and Courts
Texas State Bar
Education
JD
University of Texas School of Law
BA
University of Florida
Languages
English

Experience

Representation of EnCap Investments L.P., a leading private equity firm specializing in the energy industry, in its US$1 billion sale of Broad Reach Power LLC, one of the premier independent utility-scale energy storage and renewable energy platforms in the United States and a portfolio company of EnCap, to the French multinational utility company ENGIE.

Representation of Elevance Health (NYSE: ELV), one of the nation's leading healthcare companies in its acquisition of Blue Cross and Blue Shield of Louisiana (BCBSLA), a Louisiana mutual insurance company.

Representation of EnCap Investments in its sale of Jupiter Power LLC, a leading operator and developer of stand-alone, utility-scale battery energy storage systems in the United States and a portfolio company of EnCap, to an affiliate of BlackRock Alternatives.

Representation of Ara Partners, a leading private equity firm that specializes in industrial decarbonization investments, on its acquisition of Genera Energy Inc., a manufacturer of non-wood agricultural pulp and molded fiber products.

Representation of Vitol, Inc. in its strategic investment in Delfin Midstream, Inc. ("Delfin") in connection with Vitol's 15-year Henry Hub-linked LNG SPA for 0.50 million tonnes per annum of LNG offtake (with an estimated revenue value of $3 billion) from Delfin's proposed deepwater floating LNG export project off the coast of Louisiana.

Representation of electric commercial vehicle company VIA Motors International, Inc. on its acquisition (in an all-stock merger valued at up to US$630 million) by Ideanomics, Inc., a global company focused on driving the adoption of commercial electric vehicles and associated energy consumption.

Representation of EnCap Investments L.P., a leading private equity firm specializing in the energy industry, in its sale of a 50 percent stake in Broad Reach Power LLC, one of the premier independent utility-scale energy storage and renewable energy platforms in the United States and a portfolio company of EnCap, to affiliates of Apollo Global Management, Inc.

Representation of Cobepa S.A. in the acquisition of MicroConstants Inc., a San Diego-based contract research organization, by BioAgilytix Labs, LLC, a portfolio company of Cobepa.

Representation of I Squared Capital Advisors (US) LLC in its acquisition of Star Leasing, a leading trailer lessor in the US.

Representation of IFM Investors in the acquisition by the IFM Global Infrastructure Fund of Buckeye Partners, L.P. (NYSE: BPL), a publicly traded master limited partnership which owns and operates a diversified global network of pipeline assets and midstream logistics solutions, in a take private transaction with a US$10.3 billion enterprise value and US$6.5 billion equity value. The transaction was named "Private Equity Deal of the Year (Over US$10 billion)" by The M&A Advisor (2020).

Representation of Macquarie Infrastructure Corporation in its US$2.685 billion sale of International-Matex Tank Terminals, a bulk liquid terminals business, to Riverstone Holdings LLC.

Representation of Morgan Stanley Energy Partners in connection with its investment in SolMicroGrid, a developer and operator of solar-enabled microgrid systems for commercial and industrial customers, and in connection with SolMicroGrid's negotiation of commercial agreements for development and operation of microgrids at customer locations.

Representation of Sole Source Capital, an industrial-focused private equity firm, in its platform acquisition of Dallas Plastics, a leading manufacturer of blown polyethylene film with printing, embossing, and other value-added capabilities for the medical, food and industrial end-use markets.

Representation of an affiliate of Sixth Street Partners in a US$402 million overriding royalty interest acquisition and joint venture with Antero Resources Corporation.

Representation of a consortium composed of Brookfield Infrastructure and its institutional partners and GIC on the US$8.4 billion acquisition of Genesee & Wyoming Inc.

Representation of Abu Dhabi Future Energy Company (Masdar) on its acquisition of John Laing Group's stakes in two wind farms in the United States (the Rocksprings wind farm in Texas and the Sterling wind farm in New Mexico).

Representation of IFM Investors in the acquisition by IFM Global Infrastructure Fund, Vitol Group, and Vitol Investment Partnership II Ltd of Buckeye Partners LP's 50 percent equity interest in VTTI BV, the leading global independent provider of crude oil, refined product, and other petroleum storage, in consideration of cash proceeds of US$975 million. Upon completion, VTTI became owned 50 percent by IFM Global Infrastructure Fund and 50 percent by Vitol and Vitol Investment Partnership II Ltd.

Representation of AutoLotto, Inc., a leading platform to play the lottery online, in its US$526 million business combination with Trident Acquisitions Corp. (NASDAQ: TDACU, TDAC, TDACW), a SPAC.

Representation of CVC Capital Partners in its acquisition of OANDA Global Corp., a global online retail trading platform, currency data and analytics company.

Representation of Dominus Capital L.P. in its acquisition of BluSky Restoration Holdings LLC, a provider of commercial, industrial, governmental, residential and multifamily restoration, renovation, environmental and roofing services in the United States and Puerto Rico.

Representation of L2 Brands, LLC (f/k/a League Collegiate Outfitters, LLC), a manufacturer of premium collegiate apparel and accessories and portfolio company of Dominus Capital, L.P., in its acquisition of L&W Apparel, LLC (f/k/a L&W Apparel Co., Inc., d/b/a Legacy Athletic), a leading designer and supplier of vintage-inspired collegiate, resort and corporate headwear, apparel and home décor.

Representation of Cincinnati Fan & Ventilator Company, Inc., a manufacturer of industrial fans and blowers and portfolio company of Dominus Capital, L.P., in its acquisition of Strobic Air Corp., a recognized technological leader in the air movement industry, specializing in technologically advanced exhaust systems for laboratory fume hoods in various industries.

Representation of seven affiliates of Codina Partners, LLC, a Florida developer, in its refinancing of a portfolio of retail and office projects in downtown Doral, Florida.