Jhett R. Nelson, P.C.
Overview
Jhett Nelson is a partner in the Houston and Austin offices of Kirkland & Ellis LLP. His practice focuses on M&A transactions, private equity investments, capital raises, special situation strategies and joint ventures in a variety of sectors, including energy, infrastructure and technology. In addition to his transactional work, Jhett also advises senior management, investment funds, family offices and boards on general strategic, governance and corporate matters.
Jhett was recognized as a “Rising Star” by Law360 for 2022.
Experience
Representative Matters
Since joining Kirkland, Jhett’s representative matters include:
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King Street Capital in its acquisition of Colovore, a Silicon Valley-based data center operator specializing in liquid-cooled, high-density colocation for artificial intelligence and high-performance computing
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Greenbelt Capital Partners in its strategic investment in CTC Global, a global provider of advanced conductors for utilities and grid infrastructure
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Powin, a global leader in energy storage solutions, in its partnership with Hitachi Energy in eks Energy
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SiO2 Medical Products, Inc., a material life sciences company, in its prearranged Chapter 11 case filed in the U.S. Bankruptcy Court for the District of Delaware
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Harvest Midstream Company in its acquisition of the Belle Chasse Terminal Facility from Phillips 66
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Greenbelt Capital Partners in its majority investment in Unirac, a leading designer and manufacturer of solar photovoltaic mounting solutions
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Powin, a global leader in energy storage solutions, in its acquisition of eks Energy, a leading provider of advanced power electronics and energy management solutions for energy storage and renewables
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Bluescape Clean Fuels, LLC, in its definitive business combination agreement with CENAQ Energy Corp., a special purpose acquisition company focused on energy and energy transition
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Powin, a global leader in energy storage solutions, in growth and strategic equity investments with GIC and Samsung Venture Investment Corporation
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Oaktree Capital Management, L.P. in an equity investment in Accurus Aerospace in connection with Accurus’ acquisition of Australia-based Ferra Holdings Limited
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A global investment fund in acquisitions of manufacturing, consumer products and logistics businesses
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Greenbelt Capital Partners as lead investor of a consortium in an investment with Trilantic Energy Partners II North America, Blackstone Credit and Energy Impact Partners in ION Solar LLC, a leading provider of rooftop solar sales and installations
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Navitas Midstream Partners Holdings LLC, a portfolio company of Warburg Pincus LLC, in its $3.25 billion sale of its Midland Basin natural gas gathering, treating and processing business to Enterprise Products Partners LP (NYSE: EPD)
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Arena Fortify Acquisition Corp. in its $150 million initial public offering
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Oaktree Capital Management L.P. in a $150 million redeemable preferred equity investment in Mission Lane, a purpose-driven financial technology company
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Trilantic North America in the initial public offering of Aris Water Solutions, Inc.
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JDH Capital in the sale of two peaker power plants to Rockland Capital
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Blackstone Credit in Altus Power, Inc.’s $1.58 billion combination with CBRE Acquisition Holdings, Inc. (NYSE: CBAH)
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Cleanhill Partners on its partnership with KORE Power, Inc., a leading U.S.-based developer of battery cell technology for the energy storage and electric transportation industries
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Glass Houses Acquisition Corp., a SPAC focused on businesses that provide critical resources and services to the technologies powering the 21st century industrial economy, in its initial public offering
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Trilantic North America as lead investor in its acquisition of a controlling interest and significant equity funding for Powin Energy, a global leader in the design and manufacture of safe and scalable battery energy storage solutions
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A global alternative investment firm in its growth equity investment into a fintech company
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Oaktree Capital Management L.P. on its $100 million preferred equity investment in BKV Corporation
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Trilantic North America on its investment in AEGIS Hedging Solutions, a leading fintech and advisory solutions provider for commodity price and interest rate risk management
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Bluescape Clean Fuels, a clean fuels technology company, in its formation and acquisition of assets
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Pickering Energy Partners in its partnership with a private operator in the Midland Basin
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Vortus Investments on its partnership with Alchemist Energy, LLC to provide structured capital solutions to the energy market
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Bluescape Energy Partners, as part of a consortium of investors, in the $1.4 billion preferred and common equity investment in CenterPoint Energy, Inc.
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AVAIO Capital, as the lead investor of a consortium that acquired control of Mexico Pacific Limited LLC, the developer of an LNG export facility in Puerto Libertad in Sonora, Mexico
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Sidewalk Infrastructure Partners in its spin-out from Sidewalk Labs and financial commitments from Ontario Teachers' Pension Plan and Alphabet Inc.
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Hilcorp Alaska in its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska
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KKR in its $900 million acquisition of an equity interest in a newly-formed partnership with NextEra Energy Partners, LP that owns a portfolio of 10 utility scale wind and solar projects across the U.S.
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Elite Compression Services and its sponsor JDH Capital in the sale of Elite to Archrock, Inc. for $410 million in cash and equity, and a $30 million purchase by Harvest Midstream Company of assets from Archrock, Inc.
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STX Beef Company, an affiliate of JDH Capital, in its acquisition of Kane Beef Processing
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The private infrastructure investment arm of AECOM in its spin-out to form AVAIO Capital
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North Hudson Resource Partners in the formation of and equity commitment to Split Rock Resources
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Nine Energy Service in its $493 million acquisition of Magnum Oil Tools International, Ltd.
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Nine Energy Service in its acquisition of Frac Technology in Norway
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A private midstream company in a $250 million preferred equity investment from a leading alternative asset manager
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North Hudson Resource Partners in its spin off and equity commitments to TNM Resources, LLC and Winright Resources, LLC
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COERT Holdings 1 in its successful Section 363 acquisition of the Enduro Royalty Trust assets and interests from Enduro Resource Partners
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FourPoint Energy and its investors, Quantum Energy Partners and GSO Capital Partners, in the formation of a joint venture with Double Eagle Energy Holdings III LLC named DoublePoint Energy
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An affiliate of a publicly traded alternative investment manager in the acquisition of an entity holding substantial Mid-Continent assets
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A global alternative investment adviser in its acquisition of warrants and secured credit facility in a Colorado based company
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Warburg Pincus as lead investor in the $350 million convertible preferred equity investment in SemGroup Corporation
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A global investment firm in various matters related to a major nuclear power company bankruptcy
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A major sovereign wealth fund as lead investor in a $133 million direct co-investment in a private equity backed infrastructure project
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Conquest Completion Services in its acquisition of Viking Coil Tubing
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A global investment firm in its sale of a global manufacturing company to a strategic buyer
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KKR in its agreement to acquire with other purchasers $550 million of Series A convertible preferred units representing limited partner interests in NextEra Energy Partners, LP
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Warburg Pincus in its acquisition of Conquest Completion Services
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Chambers Energy Capital in its $80 million convertible preferred equity investment in Lonestar Resources US Inc. to finance two large acquisitions
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Quantum Energy Partners in connection with its $765 million agreement to acquire a Noble Energy Inc. subsidiary holding company that held a 33.5% ownership interest in CONE Midstream Partners LP and a 50% interest in CONE Gathering, LLC (parent of the general partner of CONE Midstream Partners LP)
Prior to joining Kirkland, Jhett represented:
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An alternative investment fund in its $185 million convertible preferred equity investment in a company prior to its initial public offering
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A major private equity group in its equity and debt commitments to a management team to fund multiple acquisitions
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An E&P company in the formation of a royalties vehicle and $550 million commitment in private equity capital
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A company in its $400 million equity and debt recapitalization by a major private equity fund
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An affiliate of a publicly traded alternative investment manager in the acquisition of interests in an entity holding substantial Oklahoma SCOOP assets
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A management team in its equity commitment from a major private equity fund and simultaneous contribution of existing assets
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An E&P company in its $181 million sale of assets
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A major private equity fund in its investments in multiple drilling partnerships
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A major private equity fund in its preferred equity investment to finance an $850 million acquisition by a newly formed acquisition vehicle
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An ad hoc group of unsecured noteholders in corporate, finance and energy matters related to the bridge funding and bankruptcy of an E&P company
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An ad hoc group of secured loan holders in corporate and energy matters related to the restructuring and subsequent bankruptcy of an E&P company
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A private equity group in its roll-up of 10 oilfield services companies into a newly formed MLP
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A private equity backed energy company in its multiple asset dispositions totaling over $1 billion
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Debt and financing matters related to a $837 million acquisition of a logistics enterprise for cash and equity consideration
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Companies and funds in the negotiation of over $6 billion in term and revolving credit facilities, structured financing arrangements and debt and equity capital raises in public and private markets
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An E&P company in its monetization of escalating wellbore interests and unconventional midstream assets with a private equity backed MLP
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An international private equity fund in its various fund and transaction matters
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A company in its initial public offering on the NYSE and subsequent acquisitions
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The conflicts committee of the board of directors of a publicly traded MLP in its $1.3 billion of acquisitions
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The conflicts committee of the board of directors of a publicly traded general partner in its $950 million merger with its MLP
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A midstream MLP in a restructuring merger to eliminate its incentive distribution rights
In mid-2013 to early 2014, Jhett was on an in-house secondment in the United Arab Emirates with the international energy arm of a major sovereign wealth fund, assisting various business units with transactional, governance and commercial matters, including joint ventures and sales, marketing, human resources, technology and software contracts.
Prior Experience
Akin Gump Strauss Hauer & Feld LLP
Consultant, Situs
More
Thought Leadership
Publications
Co-author, “Paring Risk in Private Equity,” Oil and Gas Investor, 2016
Co-author, “Getting Energy M&A Done: Deal Terms Become as Dynamic as Markets,” Rigzone, 2016
Co-author, “Profiting from the Fall,” Private Equity International’s Perspectives, 2016
Co-author, “Structuring Private Funds to Profit from the Oil Price Decline: Due Diligence, Liquidity Management and Investment Options,” The Hedge Fund Law Report, 2015
Recognition
Credentials
Admissions & Qualifications
- 2009Texas
Education
- University of Texas at Austin School of LawJ.D.with Honors2009
- The College of William and MaryB.B.A., Finance & Public Policy2006