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David B. Sheinbein

Attorney Profile

Top Rated Mergers & Acquisitions Attorney in Houston, TX

Chamberlain Hrdlicka
1200 Smith Street, Suite 1400
Houston, TX 77002
Phone: 713-658-1818
Fax: 713-658-2553
Selected to Rising Stars: 2005
Licensed in Texas Since: 2001
Practice Areas: Mergers & Acquisitions (50%), Business/Corporate (30%), Securities & Corporate Finance (20%)
  • Free Consultation
Attorney Profile

David is a shareholder in the firm's Business Group.  Known for helping his clients find practical and timely solutions, David is a leading corporate transactional attorney.  His clients include both private and public middle-market companies.  David represents buyers and sellers of stock and business assets and borrowers and lenders in commercial finance transactions.  Based in Houston, Texas, David has significant experience in the energy, real estate, manufacturing and financial services industries.

David regularly advises management teams, in-house general counsel, boards of directors and investors in the development and execution of their corporate strategies.  He also frequently speaks to professional groups about structuring or negotiating a business sale or acquisition.

David's goal is to approach each client relationship with a view to maintaining trust and promoting project efficiency. 

Significant Transactions

Mergers, Acquisitions and Significant Transactions

  • Represented seller of chemical manufacturing business focusing on industrial, oil and gas, and specialty products (sales price undisclosed).
  • Represented seller of family-owned, electrical manufacturer of junction boxes, hangers and fittings, and low-voltage devices (sales price undisclosed).
  • Represented sellers of pipeline land survey company ($31 million).
  • Represented seller of professional employer organization operating in 42 states.
  • Represented sellers of a leading direct sales company within the commercial sectional doors and docking products industries in the U.S. and Mexico (sales price undisclosed).
  • Represented company in sale of project engineering firm (sales price undisclosed).
  • Represented sellers of broad line food distribution company (sales price undisclosed).
  • Represented sellers of well testing business in South America ($70 million).
  • Currently serves as "outside general counsel" to professional employer organization and affiliated insurance and finance businesses (includes roll up acquisitions of several competitors).
  • Represented large, publicly-owned, seismic survey company in $105 million acquisition of competitor.
  • Represented buyer in $55 million acquisition of an oil and gas equipment supplier.
  • Assisted ice cream producer in corporate reorganization ($18 million in approximate savings to client).
  • Assisted in a management buyout of large shipping and platform design firm ($15 million acquisition).
  • Represented buyer of several concrete asphalt production facilities (totaling $9 million).
  • Assisted in the representation of purchaser in $6 million acquisition of chemical pump manufacturing plants and related real estate assets.
  • Represented specialty pipe company in purchase and rehabilitation of cold pilger machine ($7 million) and in negotiation of senior credit facility ($15 million).
  • Represented buyer of energy services company in Eagle Ford shale ($6 million).
  • Represented buyer of bankrupt construction supply business with six Texas locations ($5 million).
  • Represented sand and gravel production company in $5 million acquisition of competitor.
  • Represented home electronics retailer in regional expansion and $3 million acquisition of business assets.
  • Assisted seller in $3 million sale of assets of commercial insurance agency.
  • Represented seller of food distribution business and underlying real estate ($112 million sale).
  • Represented home builder in $2 million buy-out of outside investors.
  • Provides continuous legal representation to management arm of an airport development and privatization group (includes handling employee matters, general corporate and Foreign Corrupt  Practices Act program compliance).
  • Assisted natural gas storage company in reorganization of corporate assets to limit liability exposure.

Securities: Public and Private Offerings

  • Assisted in the representation of an issuer in public security offering ($554 million raised).
  • Assisted in the representation of a hedge fund in $175 million private placement of securities.
  • Represented issuer in $125 million equity offering and listing on the American Stock Exchange.
  • Represented issuer of $110 million Senior Floating Rate Notes.
  • Represented energy services company in public debt offering ($50 million).
  • Represented retail real estate developer in various equity offerings, debt financings and mixed-use developments ($12 million in equity raised).
  • Represented master franchisee of U.S. restaurant chain in Australia and New Zealand, including the raising of $10 million in debt and equity to fund operations.
  • Negotiated loan documentation in the financing of construction loans for retail developer.
  • Assisted developer of master-plan community in raising capital and partnership issues ($20 million in equity raised).
  • Negotiated numerous commodity, financial derivatives (e.g., interest rate and foreign currency swaps) and gas marketing contracts on behalf of publicly-held oil and gas companies.
  • Represented investor in structuring oil and gas exploration and production venture (initial funding valued in excess of $8 million).

Real Estate Transactions

  • Represented seller of 15 retail gas station/convenience stores in the State of Texas (sales price undisclosed).
  • Represents retail shopping center developer in land acquisitions and property development ($25 million in the aggregate).
  • Represented buyer of 7 story office tower in the Galleria area of Houston, Texas ($6 million).
  • Represented natural gas storage operator in $18 million acquisition of 600 acres of land for underground storage operations. 
  • Represented tenants and franchisees in the lease of retail space and negotiation of franchise agreements.
  • Represented seller of commercial property in College Station, Texas ($2 million).

White Papers

  • Chamberlain Corporate Update - Coronavirus Liquidity Concerns? Don't Overlook These Steps Before Selling Selected Business Assets (2020) - The COVID-19 pandemic is having an unprecedented financial impact on many small and large businesses. The uncertainty surrounding how long the crisis will continue and the ultimate impact on the economy has business owners critically reviewing their operational and financial needs. For many, now may be a time to consider selling non-core assets in an effort to generate liquidity and reduce cost.
  • Chamberlain Corporate Update - Paycheck Protection Program Loans Under the CARES Act (2020) - On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act" or the "Act") was signed into law. The CARES Act, among other things, provides certain employers (generally, those with 500 or fewer employees, discussed below) an opportunity to apply for an SBA loan of up to $10 million to cover payroll costs and other operation expenses. Our previously published summary of the Paycheck Protection Program loans ("PPP Loans") under the CARES Act is accessible here.
  • Chamberlain Corporate Update - Emergency Business Planning (2020) - The COVID-19 pandemic is having a devastating impact on businesses and the employees they support. Mass lockdowns and rapid changes in consumer and company spending are forcing businesses to scale back and implement drastic measures in an effort to survive. As businesses await clarity on how long the pandemic will last, and what local and national government will be able to do to support them, business owners can take general steps now to better position their business to handle an uncertain future.
  • Chamberlain Corporate Update - SBA Loans Under the CARES Act (2020) - In response to the overwhelming economic impact of the COVID-19 pandemic on the U.S. economy, on Friday, March 27, 2020, after prior approval by the U.S. Senate and House of Representatives, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) was signed into law by President Trump.

About David B. Sheinbein

First Admitted: 2000, Florida

Professional Webpage: https://www.chamberlainlaw.com/attorneys-david_sheinbein.htm...

Newsletters

  • The U.S. Securities and Exchange Commission (“SEC”) estimates that capital raised in 2019 in private offerings under Regulation D ($1.56 trillion) was larger than the $1.2 trillion raised in public offerings during the same period. In a recent move, the SEC provided further support of private capital markets by broadening the definition of who may qualify as an “accredited investor” under Regulation D. While the stated purpose of the revised definition is to “better align access to unregistered offerings with the financial sophistication required to assess an investment opportunity,” we expect the result will be an increase in private capital entering the marketplace in 2020 and beyond., Private Companies now have Greater Access to Capital

Bar/Professional Activity

  • American Bar Association, Business Law Section  
  • Houston Bar Association

Educational Background

  • Tulane University, B.A. , 1996
  • University of Miami School of Law, LL.M. in Taxation, magna cum laude , 2000

Other Outstanding Achievements

  • Rising Star from Super Lawyers, 2005

Honors/Awards

  • , Rising Star, H-Texas Magazine , 2007

Pro bono/Community Service

  • Assisted with packaging of food and other consumer products for distribution to homeless and low income citizens in Houston-area community (Houston Food Bank)., 2016

Scholarly Lectures/Writings

Transactions

  • Significant TransactionsMergers, Acquisitions and Significant TransactionsRepresented seller of chemical manufacturing business focusing on industrial, oil and gas, and specialty products (sales price undisclosed). Represented seller of family-owned, electrical manufacturer of junction boxes, hangers and fittings, and low-voltage devices (sales price undisclosed). Represented sellers of pipeline land survey company ($31 million). Represented seller of professional employer organization operating in 42 states. Represented sellers of a leading direct sales company within the commercial sectional doors and docking products industries in the U.S. and Mexico (sales price undisclosed). Represented company in sale of project engineering firm (sales price undisclosed). Represented sellers of broad line food distribution company (sales price undisclosed). Represented sellers of well testing business in South America ($70 million). Currently serves as "outside general counsel" to professional employer organization and affiliated insurance and finance businesses (includes roll up acquisitions of several competitors). Represented large, publicly-owned, seismic survey company in $105 million acquisition of competitor. Represented buyer in $55 million acquisition of an oil and gas equipment supplier. Assisted ice cream producer in corporate reorganization ($18 million in approximate savings to client). Assisted in a management buyout of large shipping and platform design firm ($15 million acquisition). Represented buyer of several concrete asphalt production facilities (totaling $9 million). Assisted in the representation of purchaser in $6 million acquisition of chemical pump manufacturing plants and related real estate assets. Represented specialty pipe company in purchase and rehabilitation of cold pilger machine ($7 million) and in negotiation of senior credit facility ($15 million). Represented buyer of energy services company in Eagle Ford shale ($6 million). Represented buyer of bankrupt construction supply business with six Texas locations ($5 million). Represented sand and gravel production company in $5 million acquisition of competitor. Represented home electronics retailer in regional expansion and $3 million acquisition of business assets. Assisted seller in $3 million sale of assets of commercial insurance agency. Represented seller of food distribution business and underlying real estate ($112 million sale). Represented home builder in $2 million buy-out of outside investors. Provides continuous legal representation to management arm of an airport development and privatization group (includes handling employee matters, general corporate and Foreign Corrupt  Practices Act program compliance). Assisted natural gas storage company in reorganization of corporate assets to limit liability exposure.Securities: Public and Private OfferingsAssisted in the representation of an issuer in public security offering ($554 million raised). Assisted in the representation of a hedge fund in $175 million private placement of securities. Represented issuer in $125 million equity offering and listing on the American Stock Exchange. Represented issuer of $110 million Senior Floating Rate Notes. Represented energy services company in public debt offering ($50 million). Represented retail real estate developer in various equity offerings, debt financings and mixed-use developments ($12 million in equity raised). Represented master franchisee of U.S. restaurant chain in Australia and New Zealand, including the raising of $10 million in debt and equity to fund operations. Negotiated loan documentation in the financing of construction loans for retail developer. Assisted developer of master-plan community in raising capital and partnership issues ($20 million in equity raised). Negotiated numerous commodity, financial derivatives (e.g., interest rate and foreign currency swaps) and gas marketing contracts on behalf of publicly-held oil and gas companies. Represented investor in structuring oil and gas exploration and production venture (initial funding valued in excess of $8 million).Real Estate TransactionsRepresented seller of 15 retail gas station/convenience stores in the State of Texas (sales price undisclosed). Represents retail shopping center developer in land acquisitions and property development ($25 million in the aggregate). Represented buyer of 7 story office tower in the Galleria area of Houston, Texas ($6 million). Represented natural gas storage operator in $18 million acquisition of 600 acres of land for underground storage operations.  Represented tenants and franchisees in the lease of retail space and negotiation of franchise agreements. Represented seller of commercial property in College Station, Texas ($2 million)., 2020

Industry Groups

  • Construction
  • Distribution
  • Energy
  • Financial Services
  • Manufacturing
  • Real Estate
  • Transportation
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Office Location for David B. Sheinbein

1200 Smith Street
Suite 1400
Houston, TX 77002

Last Updated: 1/7/2021

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