Joe Tobias
Overview
Joe Tobias is a tax partner in the Dallas office of Kirkland & Ellis LLP. His practice focuses on the federal income tax consequences of complex business transactions.
Experience
Representative Matters
Macquarie Asset Management in its preferred equity investment in Pavlov Media, Inc., one of the largest independent providers of fiber-based internet connectivity to off-campus student housing in the United States.
Canada Pension Plan Investment Board (CPP Investments) in its partnership with IKAV to acquire Aera Energy, California’s second largest oil and gas producer.
Atlas Technical Consultants, Inc. (NASDAQ: ATCX), a leading provider of infrastructure and environmental solutions, in its acquisition by funds managed by GI Partners in an all-cash transaction valued at approximately $1.05 billion.
Ontario Teachers’ Pension Plan in its $805 million convertible equity portfolio financing of a large portfolio of renewables assets owned by NextEra Energy Partners, LP (NYSE: NEP).
Spring Valley Acquisition Corp. II (NASDAQ: SVIIU), a special purpose acquisition company sponsored by an affiliate of Pearl Energy Investment Management, LLC and focusing on target businesses in the sustainability industry, in its $230 million initial public offering.
Spring Valley Acquisition Corp. (NASDAQ: SV) in its $1.9 billion merger with NuScale Power, an industry-leading provider of small modular nuclear reactor technology.
Blackstone Energy Partners in its acquisition of Irth Solutions, a leading provider of cloud-based software-as-a-service (SaaS) solutions that automate processes for damage prevention and asset protection across critical network infrastructure assets.
Array Technologies, Inc. in its $375 million upsized offering of convertible senior notes to finance its acquisition of STI Norland.
Apollo (NYSE: APO) in its acquisition of a 50 percent stake in Broad Reach Power LLC, a leading renewable energy and energy storage developer.
GEP Haynesville, LLC in its $1.85 billion sale to Southwestern Energy (NYSE: SWN).
Bouchard Transportation Co., Inc. and certain of its subsidiaries (“BTC”) in their Chapter 11 cases in the United States Bankruptcy Court for the Southern District of Texas. Prior to the bankruptcy filing, BTC was one of the nation’s largest independently owned ocean-going petroleum barge companies operating within the Jones Act market, possessing a fleet of 24 barges and 25 tugs that provided oil and petroleum product transportation services. During their Chapter 11 cases, BTC obtained over $100 million of new capital through a series of court-approved transactions and consummated two simultaneous value-maximizing sale transactions for substantially all of their assets that allowed their state of the art fleet to continue operating in the Jones Act market.
The Blackstone Group and its portfolio companies, Swallowtail Royalties and Swallowtail Royalties II, on the definitive purchase and sale agreement with Viper Energy Partners LP, a subsidiary of Diamondback Energy, Inc., to acquire certain mineral and royalty interests from Swallowtail.
Primexx Energy Partners on the $788 million acquisition of its leasehold interests and related oil, gas and infrastructure assets by Callon Petroleum Company.
Power & Digital Infrastructure Acquisition Corp. (NASDAQ: XPDI), a special purpose acquisition company, in its approximately $4.3 billion combination with Core Scientific Holding Co., a 100% net carbon neutral, vertically integrated blockchain infrastructure and mining company, and Blockcap, Inc., a leader in digital asset mining.
Therma Holdings, a Blackstone portfolio company, in its acquisitions of CMTA and Building Systems Holdings.
Extraction Oil & Gas, Inc. (NASDAQ: XOG) in Civitas Resources, Inc.’s $4.5 billion acquisition of Crestone Peak Resources.
Indigo Minerals LLC in its $135 million sale of certain Cotton Valley upstream oil and gas assets and related facilities located primarily in the state of Louisiana to Diversified Gas & Oil plc.
Encino Acquisition Partners (EAP) in its inaugural 144A offering of $700 million in senior unsecured notes.
QL Capital Partners in the formation of an up to $550 million drilling partnership with Antero Resources Corporation.
Peridot Acquisition Corp. (NYSE: PDAC) in its $1.67 billion combination agreement with Li-Cycle Corp.
WPX Energy, Inc. (NYSE: WPX) in its $12 billion all-stock merger of equals with Devon Energy Corporation (NYSE: DVN).
Guidon Operating LLC in the divestiture of all leasehold interests and related assets to Diamondback Energy, Inc. (NASDAQ: FANG) for a mixture of cash and shares of Diamondback common stock.
Peridot Acquisition Corp., a special purpose acquisition company, in its $300 million initial public offering. Peridot is sponsored by an affiliate of Carnelian Energy Capital Management, LP and will target businesses in the electrification, clean fuel transportation, self-directed and autonomous mobility and related infrastructure, energy storage and efficiency, smart grid technology and renewable energy sectors.
Nexstar Media Group, Inc., the largest television station owner in the United States with 197 stations in 115 markets addressing nearly 63% of US television households, in its $1 billion offering of senior notes.
Hilcorp Alaska in tax and structuring advice for its $5.6 billion acquisition of BP’s upstream and midstream business in Alaska.
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.
Nexstar Broadcasting Group in its $1.3 billion sale of nineteen stations in fifteen markets to TEGNA and The E.W. Scripps Company.
Clearlake Capital Group in its sale of Sage Automotive Interiors.
Nexstar Broadcasting Group in its $6.4 billion acquisition of Tribune Media Co., creating the largest local television broadcaster and local media company.
Canyon Creek Energy – Arkoma, LLC in the formation of a drilling partnership arrangement with Pivotal Petroleum Partners II, LP to develop wells in the Arkoma STACK play.
KKR/Venado Oil & Gas, LLC in its $765 million acquisition of Cabot Oil & Gas Corporation’s (NYSE: COG) developed and undeveloped oil and gas assets in the Eagle Ford Shale.
Blackstone Energy Partners in its purchase of a 25 percent joint venture interest in the Grand Prix natural gas liquids pipeline from Targa Resources Corp.
GSO/Sequel Energy Group LLC in their formation of $325 million drilling partnership to develop domestic unconventional resources in the Utica Shale with Eclipse Resources Corp. (NYSE: ECR).
HG Energy II LLC/Quantum in their $1.23 billion acquisition of Noble Energy, Inc.’s (NYSE: NBL) upstream assets in the Marcellus Shale play.
Bayou City Energy, an investor in Alta Mesa and Kingfisher Midstream, in the $3.8 billion combination of Silver Run Acquisition Corp. II (NASDAQ: SRUN), a special purpose acquisition company, with Alta Mesa and Kingfisher Midstream.
Pine Brook in its co-led $600 million line of equity investment in Admiral Permian Resources, LLC with Riverstone Holdings.
KKR in the preferred financing of Covey Park Energy LLC’s $465 million acquisition of assets in the Haynesville shale area of North Louisiana from Chesapeake Exploration, LLC and related companies.
CSL Capital Management in its joint venture with Baker Hughes and Goldman Sachs’ merchant banking division combining the parties’ pressure pumping businesses under the BJ Services brand.
Indigo Haynesville in its agreement to purchase from Chesapeake Energy Corp. a portion of its acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximately $450 million and associated placement of second lien and equity financing with a syndicate of private equity firms.
KKR & Co. L.P. in connection with its investment in Resource Environmental Solutions, LLC, a leader in the ecological solutions market.
MultiPlan, Inc. and Starr Investment Holdings, LLC in connection with its sale of MultiPlan to Hellman & Friedman.
TPG Special Situations Partners, LLC in connection with its formation of $400 million drilling partnership to develop domestic unconventional resources in the Midland Basin with Hunt Oil Company.
WL Ross Holding Corp. in connection with its acquisition from TPG Capital of Nexeo Solutions Holdings, a chemical distribution company.
Nexstar Broadcasting Group in connection with its $4.6 billion acquisition of Media General, ending a six-month public takeover battle during which Nexstar jumped Media General’s previously announced transaction with Meredith Corp.
Prior Experience
Summer Associate, Kirkland & Ellis LLP, NY, 2014
Summer Associate, Vinson & Elkins LLP, Dallas, 2013
SEO Intern, Cadwalader, Wickersham & Taft LLP, NY, 2012
More
Thought Leadership
Seminars
"Joint Ventures with Private Equity Sponsors," Tax Executive Institutes Conference, May 2018
Credentials
Admissions & Qualifications
- 2015Texas
Education
- Stanford Law SchoolJ.D.2015
- Oklahoma State UniversityB.S., Finance & Economicscum laude2012
Spears School of Business Outstanding Senior, 2012