Kirkland Advises Hornbeck on Combination with Helix to Create a Premier Integrated Offshore Services Company

Kirkland & Ellis advised Hornbeck Offshore Services, Inc. on a definitive agreement to combine with Helix Energy Solutions Group, Inc. (NYSE: HLX) in an all-stock transaction, establishing a premier integrated offshore services company. Upon closing of the transaction, Hornbeck shareholders will own approximately 55% and Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. The strategic combination will create a recognized leader in offshore operations through a diversified and expanded high-specification fleet of specialty vessels, supported by subsea robotics, well intervention and technical service capabilities, including trenching subsea pipelines and cables.

Read the transaction press release

The Kirkland team included corporate lawyers Jonathan Benloulou, Kim Hicks and Walton Dumas; capital markets lawyers Matt Pacey and Ieuan List; debt finance lawyers Mary Kogut and James Kelly; tax lawyers David Wheat and Joe Tobias; executive compensation lawyers Stephen Jacobson and Brandon Newman; and technology and IP transactions lawyer Matt Darch.