Adam D. Larson, P.C.
Overview
Adam Larson is a partner in the Houston office of Kirkland & Ellis LLP. Adam’s primary practice areas include mergers and acquisitions, private equity, and capital markets. He has counseled private equity investors, their portfolio companies, and other public and private companies in connection with mergers, acquisitions, dispositions, joint ventures and offerings of equity and debt securities.
Adam also advises clients in connection with the negotiation of partnership and LLC agreements, securities laws compliance, and corporate governance. Adam has advised clients across a broad range of industries, including energy, renewables and sustainability, consumer products, and industrials.
Experience
Representative Matters
Spring Valley Acquisition Corp. (NASDAQ: SV), a special purpose acquisition company, in its pending $1.2 billion business combination with Aerofarms, a public benefit corporation and certified B corporation that is a leading indoor vertical farming company
McDermott International Ltd. in its minority investment in Lummus Technology Holdings I LLC, a holding company of Lummus Technology
Apollo Global Management Inc. on the sale of its interest in Arlington Valley Solar Energy II, a 175 megawatt solar photovoltaic project, to Capital Dynamics
Oaktree Capital Management L.P. on its $100 million preferred equity investment in BKV Corporation, following BKV’s acquisition of Devon Energy Corporation‘s assets in the Barnett Shale
Zenith Energy in its acquisition of three interconnected terminals in Greater Los Angeles from Plains All American Pipeline
Forum Energy Technologies, Inc., a global oilfield products company, in its issuance of $315 million of Convertible Senior Secured Notes in exchange of approximately $328 million of existing unsecured notes
Castleton Resources LLC in its acquisition of Terryville upstream assets in Northern Louisiana from subsidiaries of Range Resources Corporation for $245 million plus contingent payments tied to future commodity prices
Sheridan Holding Company II, LLC and its affiliates, an oil and natural gas investment fund, in their prepackaged Chapter 11 restructuring to address over $1.1 billion of funded debt obligations
Warburg Pincus in its line-of-equity investment in Delta Midstream, LLC, a midstream company targeting opportunities across multiple basins in North America
Warburg Pincus in its $300 million equity commitment to Scale Microgrid Solutions, a developer of modular, microgrid clean energy solutions
McDermott International, Inc. in its $2.725 billion sale of Lummus Technology to The Chatterjee Group and Rhône Group, through a court-supervised auction process as part of McDermott’s prepackaged Chapter 11 restructuring
Warburg Pincus in the $1 billion take-private acquisition of Roan Resources Inc. by Warburg’s portfolio company, Citizen Energy Operating LLC
Stronghold Energy II and its sponsor, Warburg Pincus, in its $191 million acquisition of Central Basis Platform upstream assets from Devon Energy Corp
TPG in its preferred equity investment of up to $140 million to fund capital contributions to Double E Pipeline LLC, a joint venture between Summit Midstream Partners LP and Exxon Mobil Corporation, to construct a FERC-regulated interstate natural gas pipeline in the Delaware Basin
Warburg Pincus in its lead role in a $1 billion equity commitment to WildFire Energy I LLC, a Houston-based exploration and production company focused on U.S. basins
Desert Royalty Company, LLC in its combination with Kimmeridge Energy Management Company, LLC to form Desert Peak Minerals, the largest pure-play mineral and royalty company in the Delaware Basin
C&J Energy Services in an approximately $1.8 billion merger-of-equals with Keane Group
Ensign Natural Resources LLC, a portfolio company of Warburg Pincus and Kayne Anderson, in its acquisition of all of Pioneer Natural Resources USA, Inc.’s Eagle Ford acreage in South Texas
GSO Capital Partners in its $500 million capital commitment to Sequel Energy Group II, a Denver-based oil and gas exploration and production company focused on structured investments in non-operated assets
Nine Energy Service, Inc. in its $493 million acquisition of Magnum Oil Tools International, Ltd.
Warburg Pincus in its $500 million equity commitment to Tall City Exploration III LLC, a Midland-based exploration and production company focused on the Permian Basin
Warburg Pincus in its acquisition of Conquest Completion Services, LLC, a provider of coil tubing services and completion fluids in the Texas and New Mexico oil and gas markets
Pine Brook Road Partners in its line of equity commitment to Ancova Midstream, LLC, an Oklahoma City, Oklahoma-based midstream development company focused on near-the-wellhead oil and gas infrastructure in the U.S. Mid-Continent
Funds managed by Apollo Global Management, LLC in connection with a $200 million equity commitment to Freestone Midstream Holdings, LLC to invest in water assets serving the oil and gas industry with an initial focus on the Powder River Basin in Wyoming
Warburg Pincus in its $300 million capital commitment to Citizen Energy Holdings LLC, an Oklahoma-based oil and gas company
Private midstream company in the buildout of a gathering system and related dedication of acreage in the DJ Basin by an undisclosed producer
Warburg Pincus in its $300 million capital commitment to Ridge Runner Resources LLC, a Midland-based exploration and production company focused on shale developments in the Delaware Basin
Warburg Pincus in its $150 million capital commitment to Stronghold Energy II, a Midland-based oil and gas exploration and production company focused on the Central Basin Platform of the Permian Basin
Warburg Pincus as lead investor in a $350 million convertible preferred equity investment in SemGroup Corporation
Zenith Energy in the sale of a 51 percent membership interest in the Pawnee Crude Oil Terminal in Colorado to Tallgrass Energy Partners, LP
The management team of Lucid Energy Group II in the approximately $1.6 billion sale of Lucid Energy Group II to a joint venture controlled by affiliates of Riverstone and Goldman Sachs
Warburg Pincus in its lead role in a line of equity financing of up to $780 million to ATX Energy Partners, a newly formed oil and gas exploration and production company, and the successor company to Brigham Resources
Warburg Pincus and Zenith Energy U.S., L.P. in the approximately $750 million acquisition of Arc Logistics Partners LP and its general partner, Arc Logistics GP LLC, along with certain related assets held by owners of Arc Logistics Partners
RimRock Oil & Gas and its sponsor, Warburg Pincus, in a $500 million acquisition of upstream assets in the Bakken Shale in North Dakota from Whiting Petroleum Corporation
Alberta Investment Management Company in its commitment to fund, along with a syndicate of financial sponsors, Howard Midstream Energy Partners LLC’s strategic partnership with WPX Energy (NYSE:WPX) to develop crude oil and natural gas gathering and processing infrastructure in the Delaware Basin
Warburg Pincus in connection with the acquisition by its portfolio company, Chisholm Energy, of Delaware Basin oil assets from an undisclosed seller
Warburg Pincus in its $500 million capital commitment to Chisholm Energy, a Fort Worth-based oil and gas exploration and production company focused on the Delaware basin
Warburg Pincus in connection with the $875 million initial public offering of its portfolio company, Antero Midstream GP LP, the general partner of Antero Midstream Partners LP
Warburg Pincus in its capital investment in Hawkwood Energy, a Denver-based independent upstream oil and gas company formed in 2012 with Warburg Pincus and Ontario Teachers’ Pension Plan as lead investors, in connection with Hawkwood Energy’s acquisition of assets owned by Halcon Resources in a transaction valued at approximately $500 million
Quintana Energy Services, LP., an oilfield services company, in connection with its out-of-court recapitalization and the restructuring of its revolving credit facility agented by Amegy Bank
Pine Brook on its co-led $600 million line of equity investment in Admiral Permian Resources, LLC with Riverstone Holdings
Warburg Pincus in its $500 million capital commitment to Trident Energy, a newly-formed oil and gas exploration and production company focused on international assets
GSO Capital Partners in its $500 million capital commitment to Sequel Energy Group, a Denver-based oil and gas exploration and production company focused on structured investments in non-operated assets
Alberta Investment Management Corporation on its agreement to acquire, on behalf of certain of its clients, an ownership stake in Howard Energy Partners from EnLink Midstream Partners, LP
Warburg Pincus on the $2.43 billion sale by its portfolio company, Brigham Resources LLC, of Permian Basin leasehold interests and related assets to Diamondback Energy, Inc
An undisclosed buyer in connection with the purchase of certain of Gastar Exploration Inc.’s oil and gas leasehold interests located primarily in northeast Canadian County and also in southeast Kingfisher County, Oklahoma for approximately $71 million
KKR in its partnership with Venado Oil and Gas, LLC to consolidate proven assets in the Eagle Ford Shale of South Texas
Alberta Investment Management Corporation in its $500 million preferred equity investment in Howard Midstream Energy Partners, LLC
Pine Brook Road Partners in its line of equity commitment to Accelerate Resources Holdings, a Dallas-based exploration and production company focused on U.S. oil and gas basins
Warburg Pincus in a follow-on investment round in Monolith Materials, a chemicals company backed by First Green Partners (a Warburg Pincus-backed fund) and KERN Partners
Warburg Pincus in its lead role in a $1.13 billion line of equity commitment to Venari Resources, an oil and gas company focused on deepwater exploration in the Gulf of Mexico, and in Venari’s subsequent raising of an additional $1.3 billion of equity commitments
Warburg Pincus in its $500 million line of equity commitment to Navitas Midstream Partners, a producer-focused midstream company*
Zenith Energy, an international liquids and bulk terminaling company and Warburg Pincus portfolio company, in its acquisition of the Bantry Bay Oil Terminal in West Cork, Ireland, from Phillips 66*
SCF Partners in the combination of three portfolio companies to form Nine Energy Service, a provider of completion tools and services to support the development of unconventional and conventional oil and gas resources*
MarkWest Energy Partners in its approximate $2 billion acquisition of The Energy & Minerals Group’s stake in a Marcellus Shale joint venture*
Warburg Pincus in its lead role in a $600 million line of equity commitment to Delonex Energy Limited, an East Africa-focused exploration and production company*
Global Infrastructure Partners in its $2.8 billion joint venture with El Paso Corporation to construct, own, and operate the Ruby Pipeline, a 675-mile natural gas pipeline from Wyoming to Oregon*
Quintana Capital Group in connection with its evaluation of the Las Brisas Energy Center coal-fired power plant development project.*
Global private equity fund in its bid for Ameren Corporation’s non-state regulated electrical generation business*
SCF Partners and several of its portfolio companies, including Forum Energy Technologies, Nine Energy Service, and Reservoir Group, in more than 35 domestic and international acquisitions of energy services companies*
MarkWest Energy Partners in its $950 million joint venture with The Energy & Minerals Group for the construction and operation of midstream infrastructure in the Utica Shale, and subsequent increase of EMG’s funding commitment to the joint venture*
Edge Oilfield Services and Summit Oilfield Services in their $300 million sale to Key Energy Services*
Pine Brook Road Partners in its sale of Global Oilfield Services, an artificial lift company, to Halliburton*
Concho Resources in its $1.65 billion acquisition of the oil and gas assets of Marbob Energy Corporation and affiliated entities*
*Matters prior to joining Kirkland
More
Recognition
Adam has also been a guest lecturer at University of Texas Law School, teaching courses on negotiating corporate transactions.
Recognized by The Legal 500 U.S. for Energy Transactions: Conventional Power, Energy Transactions: Oil and Gas, and Private Equity Buyouts, 2017.
Selected to the Texas Rising Stars list, Super Lawyers (Thomson Reuters), 2013–2020.
Memberships & Affiliations
Houston Bar Association, Member
Credentials
Admissions & Qualifications
- 2007Texas
Education
- Harvard Law SchoolJ.D.cum laude2005
- University of Illinois at Urbana-ChampaignB.S.with Highest Honors2002