Bryn Alan Sappington

Partner
Norton Rose Fulbright US LLP

Dallas
United States
T:+1 214 855 7180
Houston
United States
T:+1 713 651 3740
Dallas
United States
T:+1 214 855 7180
Houston
United States
T:+1 713 651 3740
Bryn Alan Sappington

Bryn Alan Sappington

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Biography

Bryn Sappington is a partner in the Dallas and Houston offices of Norton Rose Fulbright. His practice is focused on mergers and acquisitions and securities offerings. In particular, his practice is concentrated in energy, financial institutions and transportation.


Professional experience

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JD, cum laude, University of Michigan, 1998
BA, Biology, Baylor University, 1992

  • Texas State Bar

Energy:

  • Private equity fund in its purchase of a Tulsa-based midstream logistics and storage company (2019)
  • NYSE listed exploration and production company in its merger with another publicly listed exploration and productions company for a combined enterprise value of $1.4 billion (2019)
  • Texas based exploration and production company in its $200 million joint venture with a Houston, Texas based private equity fund (2019
  • Exploration and production company in its $818 million initial public offering and listing on the NYSE (2014)
  • NYSE listed exploration and production company in several securities offerings, including:
    • $440 million private placement of common stock to a group of private equity funds (2015)
    • $550 million of senior notes pursuant to Rule 144A (2015)  
  • NYSE listed midstream master limited partnership in several public offerings, including:
    • Public offering of $320 million of common units (2013)
    • Public offering of $1.15 billion of common units (2014)
    • Public offering of $144 million of common units (2014) 
    • At-the-market offering of up to $200 million of common units (2014)
    • At-the-market offering of up to $750 million of common units (2015-2016)
    • Public offering of $300 million of common units (2016)
  • NYSE listed midstream master limited partnership in its $2.5 billion acquisition of a gas gathering and processing business, including the general partner and limited partner interests of another NYSE listed master limited partnership (2014)
  • NYSE listed master limited partnership in its $300 million unit-for-unit merger with another NYSE listed master limited partnership (2015)
  • NYSE listed mid-stream master limited partnership in several securities offerings, including:
    • $300 million of senior subordinated notes pursuant to Rule 144A (2012)
    • $150 million of senior subordinated notes pursuant to Rule 144A (2010)
    • $68 million of common units (2009)
    • $79 million of common units (2011)
    • Several private placements of common units to an independent petroleum refiner and third parties in connection with acquisitions
  • NYSE listed master limited partnership in the acquisition of more than $1 billion in pipeline, refinery, terminal and storage assets in direct acquisition, side-by-side acquisitions, dispositions and drop-down transactions, including:
    • Drop-down acquisition of a $35 million of crude gathering pipeline (2009)
    • Drop-down acquisition of refinery loading rack and storage assets from an independent petroleum advisor (2009)
    • Side-by-Side acquisition of $75 million of logistics assets in tandem with a refinery acquisition by an independent petroleum advisor for both unit and cash consideration (2009)
    • Agreements calling for the construction of and long-term throughput commitments related to a $35 million refined products pipeline (2009)
    • Drop-down acquisition of a crude trunk line (2009)
    • Sale of a refined products pipeline to another master limited partnership (2009)
    • Drop-down acquisition of refinery storage, pipeline and other logistics assets for $93 million (2010)
    • Agreements calling for the construction of and long-term throughput commitments related to an interconnecting intermediates and feedstock pipeline between two refineries (2011)
    • Drop-down acquisition of $340 million of storage, terminal and pipeline assets for a combination of cash, unsecured notes and units (2011)
    • The acquisition of an interest in a pipeline joint venture for $315 million of cash and units (2012)
  • Texas-based, Fortune 100 refiner in the public offering of $900 million of senior subordinated notes (2005)
  • Texas-based, Fortune 100 refiner in connection with the adoption of a rights plan in response to actions by a private investment corporation(2007)
  • Conflicts committee of an NYSE listed natural gas master limited partnership in a "going-private" tender offer from its majority shareholder (2009)
  • European investment fund in acquiring $200 million of mineral interests in the U.S.
  • Indonesian based oil exploration and production company in a $400 million investment by a private equity fund (2011)


Financial Institutions:

  • Underwriters in the $50 million registered offering of senior subordinated notes of a NASDAQ listed bank holding company (2016)
  • Underwriters in the $75 million registered offering of senior subordinated notes of a NASDAQ listed bank holding company (2015)
  • Bank holding company in the $260 million merger with an NYSE listed bank holding company (2014)
  • Bank holding company in connection with its planned initial public offering (2013)
  • Publicly traded bank holding company challenging insurgents' attempt to block its merger with a Houston-based bank holding company (2012)
  • Texas-based bank holding company in its merger with a NASDAQ listed bank holding company (2011)
  • NASDAQ listed thrift holding company in an offering of $600 million in debt and equity securities to institutional investors (2008)


Transportation:

  • NYSE listed tank barge operator in:
    • a $710 million acquisition of a major diesel engine manufacturing and distribution company (2017)
    • a $700 million merger with an NYSE listed master limited partnership that operated offshore barges (the first-ever reverse merger between a publicly traded corporation and a master limited partnership) (2011)
    • seven separate acquisitions of more than $1 billion of marine transportation and diesel engine businesses (2007 - 2018)
    • a $360 public offering of common stock by selling stockholders (2017)
  • NASDAQ listed transportation technology company in the offering of $400 million of senior notes pursuant to Rule 144A


Industrial:

  • UK-based publicly listed industrial and engineering firm in its $200 million acquisition of a US-based ESOP-owned industrial automation manufacturer (2018)
  • UK-based publicly listed industrial and engineering firm in its $85 million acquisition of a US-based specialty valve manufacturer (2019)

Healthcare:

  • Private equity owned health-care company in the purchase of a multi-state bariatric surgery center business (2013)
  • Purchase and sale of several private and government owned hospitals for an NYSE listed healthcare company


Technology and Venture Capital:

  • Venture-funded high-tech battery company in its sale to a Norwegian public company (2007)
  • Multinational semiconductor chip maker in multiple venture capital investments in technology companies to promote adoption of the parent company's technology platform
  • Internet advertising company in the sale of convertible preferred stock to a venture capital fund for $90 million


Retail and Agri-business:

  • NYSE listed retailer in the offering of $710 million of senior subordinated notes pursuant to Rule 144A
  • NASDAQ listed retailer in a $25 million rights offering
  • Private equity funds in various acquisitions of food ingredient and high-tech manufacturing companies
  • Private equity fund in the purchase and subsequent sale of food ingredient intellectual property assets to a Fortune 50 agri-business company
  • Private equity fund in the acquisition and eventual sale of a granola food ingredient company to a Canadian agri-business company
  • Acritas Star, Acritas, 2019
  • Legal 500 US, recommended lawyer, M&A: middle-market ($500m-999m), The Legal 500, 2019
  • Who's Who in Energy, Dallas Business Journal, 2013 - 2014
  • Texas Rising Star, Thomson Reuters, 2005 - 2007, 2009 - 2010
  • American Bar Association
  • Dallas Bar Association
    • Corporate Counsel Section - Chairman (2016)

Knowledge

Terminating merger agreements: Delaware

Publication | October 19, 2018