CDT Roundup: 16 Deals, 13 Firms, 165 Lawyers, $6.8B

Highlights from a busy week in Texas-related dealmaking included two take-private deals: Consolidated Communications by Searchlight and British Columbia Investment and Logistec by Blue Wolf and Stonepeak. What’s going on?

Anytime there’s financial turbulence in the market, it creates an attractive environment for take-privates. According to a Bloomberg report in June based on its own data, turmoil across equity capital markets over the past 18 months has resulted in more companies being taken private so far this year than listing via traditional initial public offerings.

There have been 47 proposed or completed deals to take a public company private with a total value of $113 billion, versus 39 U.S.-based companies that have gone public via traditional IPOs on U.S. exchanges, raising a modest $9.3 billion. Bloomberg said the divide continues a trend that started early last year when the market collapsed as the Federal Reserve started raising interest rates.

There were 30 P2Ps in the first quarter worth a combined $70.9 billion, almost triple the $25.6 billion in total value of the 27 take-privates in the previous quarter, according to a White & Case report citing data from Mergermarket. This also represents a 12 percent increase over the first quarter of 2022 and nearly double the volume, the firm said.

Now that IPO’s have seen a slight resurgence this fall, at least among oil companies (check out the introduction to a recent CDT Roundup here), maybe take-privates will run out of gas? Not likely for the right buyer with deep pockets.

For the week ending Oct. 21, there were 16 transactions reported for just a shade under $6.8 billion. There were 15 M&A deals and a single capital markets transaction worth $3 million. That pales in value, of course, next to the $62 billion reported for the week prior — a week that included the ExxonMobil acquisition of Pioneer Natural Resources.

The same week a year ago totaled 20 deals for $8.2 billion, but that included seven capital markets transactions worth $2.7 billion.

Weekly Corporate Deal Tracker Roundup Stats

A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)

Week Ending	Deal Count	Amount	Firms	Lawyers	M&A Count	M&A Value $M	CapM Count	CapM Value $M
23-Nov-24	15	$4,553	15	145	11	$3,379	4	$1,174
16-Nov-24	17	$11,488	11	245	13	$10,186	4	$1,303
09-Nov-24	14	$2,110	12	139	12	$1,410	2	$700
02-Nov-24	12	$52,788	11	107	11	$52,738	1	$50
26-Oct-24	8	$3,160	8	65	7	$3,065	1	$75
19-Oct-24	12	$5,304	11	136	11	$4,554	1	$750
12-Oct-24	17	$8,438	12	150	15	$8,116	2	$322
05-Oct-24	22	$23,181	12	189	15	$19,980	7	$3,201
28-Sep-24	11	$2,356	7	144	7	$53	4	$2,303
21-Sep-24	12	$9,568	10	169	5	$4,101	7	$5,467
14-Sep-24	24	$10,988	12	235	16	$7,175	8	$3,813
7-Sep-24	12	$20,420	16	168	11	$20,307	1	$112.9
31-Aug-24	13	$20,631	9	134	12	$14,775	1	$5,856
24-Aug-24	19	$8,452	21	325	16	$7,102	3	$1,350
17-Aug-24	25	$49,196	16	304	11	$39,386	14	$9,810
10-Aug-24	20	$12,264	15	312	16	$9,794	4	$2,470
03-Aug-24	26	$16,498	16	334	18	$8,137	8	$8,361
27-Jul-24	19	$16,442	21	271	15	$13,838	4	$2,604
20-Jul-24	15	$16,016	14	184	10	$14,232	5	$1,784
13-Jul-24	20	$17,220	14	265	18	$7,146	2	$10,074
6-Jul-24	11	$3,941	11	95	8	$2,650	3	$1,291
29-Jun-24	14	$6,296	15	224	8	$6,296	6	$1,927
22-Jun-24	12	$5,679	8	137	5	$210	7	$5,469
15-Jun-24	13	$9,895	16	214	10	$5,280	3	$4,615
8-Jun-24	19	$23,859	13	239	12	$19,436	7	$4,423
1-Jun-24	12	$34,510	11	147	9	$26,110	3	$8,400
25-May-24	13	$9,684	15	171	10	$4,434	3	$5,250
18-May-24	11	$5,490	11	173	8	$3,129	3	$2,361
11-May-24	22	$14,855	14	227	16	$11,105	6	$3,750
4-May-24	13	$3,139	9	87	10	$1,297	3	$1,842
27-Apr-24	10	$6,684	6	28	10	$6,684	0	0
20-Apr-24	19	$15,989	11	147	9	$5,208	10	$10,781
13-Apr-24	13	$8,952	9	76	10	$1,652	3	$7,300
6-Apr-24	22	$22,616	14	222	14	$13,501	8	$13,116
30-Mar-24	12	$9,286	8	136	8	$4,299	4	$4,987
23-Mar-24	18	$5,451	17	266	16	$4,759	2	$692
16-Mar-24	21	$11,437	13	186	14	$9,316	6	$2,070
9-Mar-24	23	$4,695	21	218	19	$2,723	4	$1,972
2-Mar-24	20	$9,108	19	372	14	$4,558	6	$4,550
24-Feb-24	19	$16,382	12	248	15	$9,507	4	$6,875
17-Feb-24	16	$29,932	15	157	12	$29,216	4	$716
10-Feb-24	25	$10,750	17	196	19	$5,372	6	$5,379
3-Feb-24	12	$8,416	18	125	9	$3,416	3	$5,000
27-Jan-24	9	$8,165	9	87	8	$7,815	1	$800
20-Jan-24	14	$4,084	12	109	12	$3,219	2	$865
13-Jan-24	17	$33,588	12	256	12	$26,765	5	$6,823
6-Jan-24	8	$7,915	8	84	6	$7,265	2	$650
30-Dec-23	17	$14,599	12	99	15	$2,714	2	$11,885
23-Dec-23	23	$4,182	13	219	16	$1,813	7	$2,370
16-Dec-23	13	$16,436	13	280	7	$15,150	5	$1,286
9-Dec-23	26	$14,633.90	17	244	16	$8,095	10	$6,538.90
2-Dec-23	13	$6,720	9	57	12	$6,630	1	$90
25-Nov-23	9	$4,835	9	131	6	$1,785	3	$3,050
18-Nov-23	22	$6,568.70	17	184	14	$4,709.20	8	$1,859.50
11-Nov-23	15	$9,825	13	179	12	$6,581	3	$3,244
4-Nov-23	15	$20,582.50	14	193	12	$19,417.50	3	$1,165
28-Oct-23	18	$68,419.10	18	152	15	$66,646	3	$1,773.10
21-Oct-23	16	$6,755.90	16	165	15	$6,755.90	1	$3
14-Oct-23	14	$67,851.20	13	125	9	$61,998.50	5	$5,852.70
7-Oct-23	17	$6,595.50	13	228	16	$5,995.50	1	$600
30-Sep-23	17	$1,896.45	13	189	14	$806.45	3	$1,090
23-Sep-23	23	$6,432.70	17	230	16	$1,402.80	7	$5,029.90
16-Sep-23	25	$23,226.70	23	353	16	$17,239	9	$5,987.70
9-Sep-23	12	$6,369	8	102	7	$4,311	5	$2,058
2-Sep-23	14	$2,522	6	92	13	$1,322	1	$1,200
26-Aug-23	17	$12,160.25	13	202	15	$6,573.25	2	$5,587.00
19-Aug-23	19	$11,505	13	213	15	$11,255	4	$250
12-Aug-23	19	$9,698.80	13	184	7	$3,270	12	$6,428.80
5-Aug-23	13	$5,201	12	118	12	$5,051	1	$150
29-Jul-23	15	$21,031.60	13	196	11	$18,292.00	4	$2,739.60
22-Jul-23	18	$3,992	12	130	13	$2,808	5	$1,184
15-Jul-23	13	$8,254.95	13	81	13	$8,254.95	0	0
8-Jul-23	16	$5,441.45	12	172	11	$2,443	5	$2,998.45
1-Jul-23	16	$6,872	10	105	12	$5,474	4	$1,398
24-Jun-23	13	$10,914	16	201	10	$7,874	3	$3,040
17-Jun-23	17	$5,880.70	15	151	15	$4,705.70	2	$1,175
10-Jun-23	19	$8,516.10	13	111	16	$6,252.40	3	$2,263.70
June 3 2023	12	$6,104.42	12	138	8	$4,256.92	4	$1,847.50
27-May-23	17	$12,200	10	67	11	$6,165	6	$6,035
20-May-23	11	$22,458.10	8	103	4	$19,455	7	$3,003
13-May-23	12	$7,034	10	101	8	$5,460	4	$1,574
6-May-23	20	$3,297.60	18	196	17	$2,985.60	3	$312
29-Apr-23	23	$3,691.20	18	135	17	$1,969.70	6	$1,721.50
22-Apr-23	16	$5,570	14	104	14	$4,750	2	$1,000
15-Apr-23	12	$23,818.10	9	59	10	$21,618.10	2	$2,200
8-Apr-23	16	$7,949	9	173	9	$5,472	7	$3,477
1-Apr-23	21	$18,676.70	12	175	11	$10,926.70	10	$7,750
25-Mar-23	15	$8,779.50	10	141	5	$2,362	10	$6,416.50
18-Mar-23	7	$14,048.80	6	69	5	$13,345	2	$703.80
11-Mar-23	21	$11,576	16	165	16	$8,131	5	$3,445
4-Mar-23	20	$9,668	11	228	16	$8,209	4	$1,459
25-Feb-23	13	$5,335	13	130	12	$4,235	1	$1,200
18-Feb-23	14	$5,743.70	13	158	8	$898.70	6	$4,845
11-Feb-23	16	$12,088	12	137	12	$9,965	4	$2,123
4-Feb-23	17	$8,066	15	140	13	$5,614	4	$2,452
28-Jan-23	7	$2,180	7	75	5	$1,692.75	2	$488
21-Jan-23	17	$5,768	16	174	12	$1,918	5	$3,850
14-Jan-23	11	$2, 800	10	102	8	$421	3	$2,400
7-Jan-23	18	$8,296	11	167	14	$6,461	3	$1,835
31-Dec-22	14	$2,732	11	99	12	$2,092	2	$640
17-Dec	14	$7,919	13	115	12	$7,419	1	$500
10-Dec-22	14	$10,093	12	88	11	$7,093	3	$3,000
3-Dec-22	26	$12,800.90	11	172	20	$4,141	6	$8,659.90
26-Nov-22	8	$2,266.70	8	5	3	$76	5	$2,190.70
19-Nov-22	21	$2,886	15	212	19	$2,550	2	$336
12-Nov-22	13	$15,093.70	9	81	9	$14,200	4	$893.70
5-Nov-22	25	19,337.20	16	509	22	$8,267.20	3	$11,070
29-Oct-22	15	$7,805.30	9	116	14	$7,180.30	1	$625
22-Oct-22	20	$8,193.50	13	253	13	$5,442	7	$2,751.50
15-Oct-22	9	$3,046.10	9	139	7	$2,588.30	2	$457.80
8-Oct-22	19	$2,011.80	12	114	16	$833.80	3	$1,178
1-Oct-22	23	$5,532.90	16	156	18	$4,952.30	5	$580.60
24-Sep-22	18	$5,194	14	216	15	$4,050	3	$1,144
17-Sep-22	21	$8,352.30	12	320	15	$4,759.60	6	$3,592.70
10-Sep-22	15	$19,853.50	10	126	13	$19,403.60	2	$450
3-Sep-22	9	$2,312	9	62	9	$2,312	0	0
27-Aug-22	16	$30,891.70	10	135	15	$30,666.40	1	227.7
20-Aug-22	12	$1,977	8	152	9	925	3	$1,052
13-Aug-22	18	$8,004.70	11	242	11	$2,844.70	7	$5,160
6-Aug-22	24	$7,948.90	12	240	17	$3,577	7	$4,371.90
30-Jul-22	8	$6,941	9	78	7	$6,839	1	$102
23-Jul-22	11	$801	11	92	10	$801	1	0
16-Jul-22	14	$3,650	10	122	14	$3,650	0	0
9-Jul-22	10	$3,557.70	7	68	9	$3,557.70	1	0
2-Jul-22	18	$8,609.40	13	152	15	$2,754.40	3	$5,855
25-Jun-22	15	$6,142	13	146	9	$2,017	6	$4,125
18-Jun-22	17	$11,890.10	14	228	15	$11,410	2	479.7
11-Jun-22	17	$7,600	12	123	10	$2,300	7	$5,300
4-Jun-22	12	$2,937	10	127	9	$692	3	$2,245
28-May-22	9	$3,197.60	11	86	9	$3,197.60	0	0
21-May-22	14	$7,284.50	12	185	11	$6,609	3	$675.50
14-May-22	11	$306.60	9	80	10	$306.60	1	$225
7-May-22	16	$10,451.75	12	108	12	$1,827	4	$8,624.75
30-Apr-22	16	$2,296.50	16	157	12	$895.50	4	$1,401
23-Apr-22	10	$2,241	11	58	8	$1,641	2	$600
16-Apr-22	11	$6,643	7	156	8	$2,359	3	$4,284
9-Apr-22	17	$4,429	14	184	11	$1,690	6	$2,739
2-Apr-22	13	$1,755	8	84	10	$1,145	3	$610
26-Mar-22	11	$3,205	8	65	6	$200	5	$3,005
19-Mar-22	13	$2,239.17	9	106	13	$2,239.17	0	0
12-Mar-22	18	$12,016	11	239	15	$11,965	2	$51.35
5-Mar-22	17	$6,786	13	137	13	$5,161	4	$1,625
26-Feb-22	12	$5,095	8	149	9	$4,437.50	3	$658
19-Feb-22	17	$22,229	17	174	14	$21,354	3	$875
12-Feb-22	12	$2,344.70	10	73	8	$641.70	4	$1,703
5-Feb-22	11	$2,503	8	99	11	$2,503	0	0
29-Jan-22	11	$3,872	12	101	12	$3,872	0	0
22-Jan-22	13	$5,143.50	10	99	12	$4,842.50	1	$301
15-Jan-22	12	$7,605	9	155	9	$6,480	3	$1,025
8-Jan-22	13	$8,256.20	11	102	13	$8,256.20	0	0
1-Jan-22	9	$1,273.80	6	50	9	$1,273.80	0	0
25-Dec-21	21	$4,734.75	11	176	16	$3,410	5	$1,324.75
18-Dec-21	26	$7,325.20	15	193	18	$3,640.20	8	$3,685.20
11-Dec-21	16	$5,017	10	109	13	$1,417	3	$3,600
4-Dec-21	14	$2,310	8	86	8	$2,310	6	$1,882.05
27-Nov-21	9	$3.460.1	10	101	6	$1,758	3	$1,702.60
20-Nov-21	20	$22,792	15	157	12	$18,864.50	8	$3,928
13-Nov-21	21	$26,729	12	178	13	$11,822	8	$14,907
6-Nov-21	12	$8,303	13	157	10	$6,682	3	$1,621
30-Oct-21	21	$10,368	15	218	15	$9,24.4	6	$1,103.00
23-Oct-21	21	$18.783.1	15	222	11	$12,314	10	$6,468.60
16-Oct-21	15	$3,868	11	118	15	$2,293	2	$1,575
9-Oct-21	20	$8,610	16	175	16	$7,795	4	$815
2-Oct-21	14	$6,250	11	137	10	$5,200	4	$1,050
25-Sep-21	11	$11,460	9	93	7	$10,200	4	$1,250
18-Sep-21	11	$16,603	8	99	8	$15,084	3	$1,519
11-Sep-21	17	$10,653	11	103	13	$8,503	4	$2,150
4-Sep-21	13	$7,222	10	89	11	$6,715	2	$507
28-Aug-21	12	$763	9	63	11	$663	1	$100
21-Aug-21	12	$29,659	7	79	11	$29,579	1	$80
14-Aug-21	22	$17,845	11	199	12	$12,805	10	$5,04
7-Aug-21	17	$13,670	12	139	15	$11,766	2	$1,904
31-Jul-21	21	$8,160	11	134	10	$3,574	10	$4,586
July 24,2021	21	$6,367	11	139	15	$3,712	6	$2,655
17-Jul-21	14	$4,009	11	124	12	$2,015	2	$1,994
10-Jul-21	16	$3,997	13	143	11	$1,597	4	$2,4
3-Jul-21	24	$7,492	13	94	16	$3,769	8	$3,722
26-Jun-21	10	$4,995	7	85	8	$3,847	2	$1,148
19-Jun-21	28	$16,830	8	228	9	$1,861	19	$14,968
12-Jun-21	26	$27,238	15	209	19	$25,602	7	$1,636
5-Jun-21	15	$15,539	13	100	13	$14,709	2	$600
29-May-21	35	$20,279	11	145	28	$18,64	7	$1,639
22-May-21	24	$53,208	14	174	17	$51,047	7	$2,161
15-May-21	18	$10,620	13	220	11	$5,870	7	$4,809
8-May-21	17	$10,400	11	156	15	$8,386	2	$2,500
1-May-21	21	$7,200	16	115	12	$3,808	9	$3,392
24-Apr-21	8	$20,200	9	31	8	$20,200	0	0
17-Apr-21	14	$6,270	8	102	11	$40,180	3	$2,260
10-Apr-21	15	$8,940	13	129	14	$7,990	1	$950
3-Apr-21	18	$19,513	10	151	12	$16,923	6	$2,590
27-Mar-21	27	$13,942	15	244	14	$4,300	13	$9,633.50
20-Mar-21	11	$2,046	4	102	3	$270	8	$1,776
13-Mar-21	15	$3,270	9	109	6	$538	9	$2,732
6-Mar-21	24	$13,617	10	196	13	$10,395	11	$3,222
27-Feb-21	19	$8,105	12	139	15	$4,970	4	$3,135
20-Feb-21	9	$8,820	9	153	8	$8,520	1	$300
13-Feb-21	12	$4,852.60	7	81	7	2,766	5	$2,086.60
6-Feb-21	18	$9,752	13	153	14	$5,222	4	$4,530
30-Jan-21	18	$9,449	9	182	15	$8,753.80	3	$695.30
23-Jan-21	14	$8,150	8	118	6	$4,000	8	$4,150
16-Jan-21	17	$6,783	13	138	11	$2,400	6	$4,382.90
9-Jan-21	22	$6,829	14	135	18	$3,139.30	4	$3,690
2-Jan-21	7	$1,466	7	60	7	$1,466	0	0
26-Dec-20	18	$15,900	12	163	16	$5,300	1	$600
19-Dec-20	18	$9,769	14	110	14	$8,426	4	$1,343
12-Dec-20	10	$7,200	9	100	9	$3,325	1	$3,830
5-Dec-20	15	$4,261	9	122	9	$2,780	6	$1,481
28-Nov-20	19	$7,758	10	110	13	$4,003	6	$3,755
14-Nov-20	14	$864.10	14	157	12	$289.10	2	$575
7-Nov-20	13	$6,332	9	129	9	$2,483.50	4	$3,849
31-Oct-20	10	$3,995.80	8	103	6	$3,231.10	4	$754.70
24-Oct-20	6	$18,100	6	58	5	$17,709	1	$350
17-Oct-20	8	$351.90	5	55	8	$351.90	0	0
10-Oct-20	7	$5,229	3	50	4	$735	3	$4,494
3-Oct-20	14	$21,428	9	173	9	$17,535	5	$3,893
26-Sep-20	10	$12,770	8	93	5	$10,300	5	$2,470
19-Sep-20	14	$8,365	9	101	6	$1,020	8	$7,345
12-Sep-20	6	$4,406	8	59	3	$1,270	3	$3,136
5-Sep-20	11	$5,191	8	117	9	$4,061	2	$1,130
29-Aug-20	11	$2,531	9	94	5	$1,130	6	$1,401
22-Aug-20	18	$6,574	12	140	7	$1,930	11	$4,644
15-Aug-20	13	$4,991	10	97	7	$1,216	6	$3,775
8-Aug-20	12	$32,092	11	112	9	$30,457	3	$1,635
1-Aug-20	7	$5,287	8	76	5	$3,687	2	$1,600
25-Jul-20	9	$18,751	6	67	7	$18,403	2	$348
18-Jul-20	6	$1,982.50	5	50	4	$1,407.50	2	$575
11-Jul-20	11	$565.10	12	75	10	$65.10	1	$500
4-Jul-20	10	$8,889	8	98	9	$8,788	1	$100.30
27-Jun-20	8	$6,874	10	50	5	$4,972.50	3	$2,081.50
20-Jun-20	12	$4,444	9	115	7	$2,829	5	$1,615
13-Jun-20	6	$3,582	4	37	2	$350	4	$3,232
6-Jun-20	11	$3,213.70	8	65	7	$470	4	$2,743.70
30-May-20	8	$7,335	7	48	6	$4,639	2	$2,697
23-May-20	4	$432.40	4	34	3	$432.40	1	0
16-May-20	6	$310	6	34	5	$310	1	0
9-May-20	18	$5,630	16	124	14	$3,180	4	$2,450
2-May-20	15	10,400	10	90	8	$1,900	7	$,8,500
25-Apr-20	8	$3,400	9	36	5	$1,000	3	$2,450
18-Apr-20	19	$9,500	14	92	8	$185.70	11	$9,360
11-Apr-20	12	$6,000	9	40	5	$190	7	$5,800
4-Apr-20	14	$8,200	11	68	10	$2,200	4	$6,000
28-Mar-20	16	$6,500	13	96	10	$3,700	6	$2,800
21-Mar-20	11	$11,910	7	33	7	$2,250	4	$9,960
14-Mar-20	7	809.8	6	34	6	684.8	1	125
7-Mar-20	16	$2,500	15	70	13	$669	3	$1,400
29-Feb-20	13	$15,260	13	128	11	$11,760	2	$3,500
22-Feb-20	12	$3,700	10	92	10	$2,560	2	$1,130
15-Feb-20	16	$1,250	10	84	12	$35	4	$1,222
8-Feb-20	18	$6,080	14	123	14	$2,595	4	$3,485
1-Feb-20	21	$20,900	12	101	14	$17,860	7	$3,060
25-Jan-20	13	$7,430	13	62	12	$6,430	1	$1,000
18-Jan-20	23	$9,580	15	120	19	$6,580	4	$3,000
11-Jan-20	21	$14,200	18	199	16	$1,020	5	$13,200
4-Jan-20	22	$6,400	11	119	16	$3,204	6	$3,245
28-Dec-19	22	$7,150	19	175	18	$6,800	4	$327.40
14-Dec-19	24	$36,300	23	167	19	$9,500	5	$26,800
7-Dec-19	11	$10,400	11	55	7	$1,082	4	$9,370
November 30. 2019	14	$2,450	12	126	12	$1,760	2	$692.50
23-Nov-19	16	$1,995	10	41	11	$615	5	$1,380
16-Nov-19	15	$3,820	13	135	11	$2,500	4	$1,271
9-Nov-19	25	$12,900	17	182	23	$12,200	2	$575
2-Nov-19	10	$2,470	12	61	9	2,450	3	$22
26-Oct-19	12	$5,560	14	70	11	$3,860	1	$1,700
19-Oct-19	8	$6,600	8	138	8	$6,600	0	0
12-Oct-19	19	$4,300	14	55	16	$3,800	3	$500
5-Oct-19	18	$14,500	19	166	15	$11,100	3	$3,400
28-Sep-19	19	$8,100	18	132	18	$7,560	1	$550
21-Sep-19	14	$6,300	16	66	11	$2,160	3	$4,170
14-Sep-19	15	$23,800	12	56	11	$21,250	4	$2,570
7-Sep-19	17	$3,500	15	98	14	$1,900	3	$1,600
31-Aug-19	5	$8,700	6	50	5	$8,700	0	0
24-Aug-19	16	$10,000	14	82	15	$4,250	1	$5,750
16-Aug-19	10	$1,680	5	52	7	$650	3	$950
9-Aug-19	17	$17,700	15	68	14	$3,900	3	$13,800
2-Aug-19	13	$5,760	12	108	13	$5,760	NA	NA
27-Jul-19	11	$7,300	13	76	8	$6,570	3	$730
20-Jul-19	13	$11,800	13	125	11	$5,300	2	$6,500
13-Jul-19	10	$775	7	46	8	$542.50	2	$233
6-Jul-19	7	$2,500	9	85	7	$2,500	0	0
29-Jun-19	23	$8,290	15	154	17	$2,300	6	$5,970
22-Jun-19	17	$10,700	10	139	14	$7,700	3	$3,000
15-Jun-19	11	$13,500	14	160	11	$13,500	NA	NA
8-Jun-19	13	$2,870	17	55	11	$1,570	2	$1,300
1-Jun-19	10	$4,460	11	60	8	$4,140	2	$315
25-May-19	17	$4,360	14	79	14	$3,700	3	$612
18-May-19	22	$9,000	17	150	16	$3,400	6	$5,600
11-May-19	18	$19,800	17	177	15	$18,300	3	$1,500
4-May-19	10	$7,075	6	32	8	$6,900	2	$175
27-Apr-19	15	$3,200	14	117	14	$3,160	1	$40
20-Apr-19	13	$13,500	10	90	9	$12,200	4	$1,300
13-Apr-19	16	$38,900	14	91	14	$37,800	2	$1,100
6-Apr-19	12	$6,870	11	94	10	$6,730	2	$50
30-Mar-19	15	$6,470	12	84	10	$7,91.5	5	$5,677
23-Mar-19	18	$6,450	14	91	14	$5,042	4	$1,408
16-Mar-19	14	$10,180	12	115	11	$8,800	3	$1,300
9-Mar-19	9	$1,800	6	49	8	$1,300	1	$500
2-Mar-19	20	$3,033	16	107	14	$1,817	6	$1,262
23-Feb-19	12	$2,040	8	69	9	$614.60	3	$1,430
16-Feb-19	16	$9,970	18	77	16	$9,970	0	0
9-Feb-19	14	$6,400	10	110	14	$6,400	0	0
2-Feb-19	18	$6,740	15	99	16	$5,720	2	$950
26-Jan-19	13	$2,770	11	67	11	$918.95	2	$1,850
19-Jan-19	15	$3,819	16	76	12	$2,594	3	$1,225
12-Jan-19	18	$7,283	14	92	15	$1,683	3	$5,600
5-Jan-19	10	$529	12	50	10	$529	0	0
22-Dec-18	17	$2,570	13	87	14	$941	3	$1,629
15-Dec-18	10	$2,860	8	26	8	$264	2	$2,600
8-Dec-18	15	$1,819	16	65	12	$552	3	$1,267
1-Dec-18	12	$7,500	10	90	9	$1,200	3	$6,200
28-Nov-18	15	$4,500	11	107	14	$4,000	1	$500
19-Nov-18	18	$6,137	13	98	13	$2,142	5	$3,995
14-Nov-18	18	$9,200	13	152	15	$8,500	3	$694
6-Nov-18	16	$17,300	16	183	14	$16,361	2	$950
29-Oct-18	14	$14,400	18	127	17	$13,800	1	$600
24-Oct-18	13	$6,140	13	126	11	$5,122	2	$1,018
17-Oct-18	18	$18,390	15	125	14	$12,292	4	$6,098
10-Oct-18	29	$3,149	18	104	20	$1,647	9	$819
2-Oct-18	18	$9,300	11	67	14	$7,300	4	$2,000
25-Sep-18	13	$7,000	11	75	10	$6,000	3	$995
18-Sep-18	9	$3,570	7	44	9	$3,570	0	0
11-Sep-18	13	$5,900	10	132	13	$5,900	0	0
7-Sep-18	14	$5,000	15	86	11	$4,000	3	$1,000
29-Aug-18	15	$20,700	14	79	13	$4,700	2	$16,000
20-Aug-18	10	$12,400	11	53	8	$11,380	3	$1,057
14-Aug-18	12	$19,900	12	132	9	$18,889	3	$1,011
7-Aug-18	16	$68,600	11	106	13	$67,259	3	$1,340
31-Jul-18	15	$15,100	15	95	11	$13,060	4	$2,060
23-Jul-18	13	$2,130	15	60	10	$1,804	3	$1,100
17-Jul-18	14	$5,370	17	98	9	$4,310	5	$1,100
9-Jul-18	16	$11,200	15	74	10	$11,080	6	$862
3-Jul-18	13	$7,000	7	81	12	$6,330	1	$750
25-Jun-18	15	$8,800	13	97	9	$4,970	6	$3,930
18-Jun-18	13	$14,200	14	80	7	$221	6	$14,290
11-Jun-18	12	$6,300	8	96	8	$5,910	4	$803
6-Jun-18	13	$14,500	10	88	8	$14,154	5	$579
31-May-18	11	$4,890	10	63	8	$3,240	3	$1,790
22-May-18	15	$20,400	11	63	9	$19,808	6	$885
15-May-18	15	$4,700	15	106	10	$3,900	5	$643
9-May-18	11	$1,400	13	88	9	$1,300	2	$560
1-May-18	8	$14,250	7	88	7	$13,400	1	$450
24-Apr-18	12	$5,300	6	61	11	$4,470	1	$800
17-Apr-18	9	$1,800	10	44	7	$2,330	2	$1,434
11-Apr-18	11	$2,500	8	32	6	$1,690	5	$809
3-Apr-18	15	$13,400	11	121	9	$12,020	6	$1,090
28-Mar-18	10	$4,000	10	92	7	$3,870	3	$215
19-Mar-18	17	$5,800	13	51	10	$590	7	$5,165
12-Mar-18	15	$3,130	11	43	11	$2,360	4	$788
6-Mar-18	19	$5,400	13	116	10	$1,530	9	$4,860
27-Feb-18	20	$6,600	13	69	14	$5,530	6	$1,030
19-Feb-18	15	$5,500	14	111	10	$3,990	6	$1,980
12-Feb-18	23	$10,900	17	157	12	$7,110	11	$3,840
5-Feb-18	16	$8,600	13	100	7	$1,330	9	$7,800
30-Jan-18	11	$12,600	11	68	5	$7,300	6	$4,982
24-Jan-18	19	$9,400	15	129	5	$2,010	14	$7,337
18-Jan-18	10	$6,280	8	49	2	$2,100	8	$4,188
9-Jan-18	12	$16,500	12	92	9	$15,890	3	$475
3-Jan-18	10	$2,500	9	47	8	$2,350	2	$150
27-Dec-17	15	$9,000	15	113	9	$7,568	6	$1,784
18-Dec-17	15	$13,800	16	164	9	$13,010	7	$1,118
11-Dec-17	14	$9,700	10	126	12	$2,940	4	$8,500
4-Dec-17	6	$1,800	6	31	5	$1,510	1	$300
28-Nov-17	7	$3,850	8	76	4	$3,260	3	$285
16-Nov-17	10	$2,700	10	48	6	$1,840	4	$856
8-Nov-17	15	$2,380	17	91	10	$1,860	5	$516
1-Nov-17	12	$4,700	17	94	9	$3,400	4	$1,300
23-Oct-17	15	$10,500	10	67	10	$9,780	4	$1,530
18-Oct-17	6	$2,000		37	3	$225	3	$1,820
10-Oct-17	12	$6,570		100	9	$3,880	3	$3,360
2-Oct-17	8	$3,100	11	19	3	$1,630	5	$1,750
25-Sep-17	8	$4,880	8	79	5	$2,660	5	$2,070
18-Sep-17	9	$4,770			3	$300	6	$4,470
12-Sep-17	11	$4,430			8	$2,030	3	$2,400
1-Sep-17	4	$1,310			3	$317	1	$1,000
23-Aug-17	11	$13,640	9		8	$11,840	3	$1,800

M&A/FUNDINGS

Searchlight, BCI take Consolidated Communications private in $3.1B deal

Deal Description: Consolidated Communications Holdings Inc., a top 10 fiber provider in the U.S., announced Oct. 16 that it agreed to be acquired by affiliates of Searchlight Capital Partners and British Columbia Investment Management Corp. in an all-cash transaction with an enterprise value of $3.1 billion, including the assumption of debt. Closing is expected by the first quarter of 2025 if the transaction clears regulators and shareholders. Latham & Watkins is providing legal counsel to Illinois-based Consolidated with a Texas-led team. Check out the full story here.

Vista Outdoor to sell sporting products business to Czechoslovak Group for $1.91B

Deal Description: Vista Outdoor Inc., the parent company of 41 brands that design, manufacture and market sporting and outdoor products to consumers globally, announced Oct. 16 a definitive agreement to sell its sporting products business to Czechoslovak Group in an all-cash transaction with an enterprise value of $1.91 billion. The transaction represents the next step in Vista Outdoor’s plan to split the company into separate entities, which was announced in May 2022. The deal is supported by $1.11 billion of fully committed debt financing with the remaining amount funded by CSG. The valuation is 5 times enterprise value to Sporting Products fiscal year 2024 EBITDA, including estimated standalone costs. Vista Outdoor will separate its outdoor products business from its sporting products business, and CSG will merge one of its subsidiaries with Vista Outdoor with current public stockholders of Vista Outdoor receiving shares of the outdoor products unit (recently rebranded as Revelyst) and $750 million in cash. The structure has corporate level tax of $50 million versus $380 million for a divestiture as an asset sale and allows for the tax-efficient return of cash to stockholders, Vista said. CSG operates five segments: defense, aerospace, ammunition, mobility and business and is 100 percent owned and led by Michal Strnad, who has transformed it into a leading Czech industrial group with an international footprint with 10,000 employees.

Expected Closing: 2024 if the deal clears stockholders and regulators

Vista’s Financial Adviser: Morgan Stanley & Co.

Vista’s Outside Counsel: Cravath, Swaine & Moore led by New York partners Aaron Gruber, Craig Arcella, Bethany Pfalzgraf and Stephen Kessing 

Vista Independent Directors’ Financial Adviser: Moelis & Company

Vista Independent Directors’ Outside Counsel: Gibson, Dunn & Crutcher led by Century City, Calif., partner Jonathan Layne

CSG’s Financial Adviser: J.P. Morgan

CSG’s Outside Counsel: Clifford Chance led by London partner Nigel Wellings but including Houston partners Alexandra Wilde and David Stringer and counsel Kyle Kreshover along with London partner Jill Concannon and Prague partner David Kolacek.

Canada’s Logistec to go private in $1.2B deal with Blue Wolf, Stonepeak

Deal Description: Blue Wolf Capital announced Oct. 16 that it is acquiring, in partnership with Stonepeak, the Canada-based shipping specialists Logistec in an all-cash deal that values the company at $1.2 billion. Under the agreement, Logistec will become a privately held company and will no longer be traded on the Toronto Stock Exchange. The deal is expected to close in the first quarter of 2024 subject to regulatory approvals and clearances in Canada and the U.S., Logistec shareholder approval and Court approval. Stonepeak is advised by Sidley Austin with a mostly Texas team. For more, click here.

SurgePE invests in Elite Clinical in deal worth $200M

Deal description: BakerHostetler said Oct. 13 it counseled Dallas-based Surge Private Equity on its new strategic partnership with Elite Clinical Network in a deal valued at around $200 million. The transaction was announced Sept. 8. ECN operates phase I-IV clinical research sites in California, Arizona, Nevada and Texas, using industry knowledge, practices and technology to move clinical trials efficiently from mandate to completion. It has completed thousands of studies for pharmaceutical companies and contract research organizations since launching in 2003. 

From BakerHostetler: From M&A: partner Patrick Rose, counsel Allison Jones and associates Patrick Luthen, Patrick Dean, Nathan Henderson, Reed Leigh and Thomas Paquette; debt: partners Adam Nazette and JR Lanis and associates Jamal Baghlani, David Corrigan and Chang Baek; FDA/healthcare: partners Lee Rosebush, Lance Shea, Elise Barajas and Jenny Givens, counsel Payal Cramer and associates Marc Wagner and Laura Macherelli; IP/data privacy: Partner Craig Carpenter; tax: partner Michelle Hervey and counsel Nicholas Mowbray; benefits: partners Stefan Smith and Ann Caresani; real estate: associates Miranda Owens and Katie Gourley; employment: partner Sabrina Shadi; and antitrust: partner Thomas Hogan and associate Jeffrey Liskov.

Notes: This is the second major deal BakerHostetler helped SurgePE close in as many weeks closely following its client’s acquisition of Tower Legal Solutions at the end of August.

Expro acquires PRT Offshore for $106M

Deal description: Womble Bond Dickinson said Oct. 19 its oil services client Expro acquired PRT Offshore, an offshore services company, in a transaction valued at $106 million. The deal was originally announced in late August. According to a press release on Oct. 3, the price included $62 million in cash and $44 million of newly issued Expro shares. Potential additional consideration will be based on PRT Offshore’s financial performance during the four quarters following closing. Excluding possible cost and revenue synergies, total consideration is expected to be approximately 4 times PRT Offshore’s estimated 2023 and 2024 adjusted EBITDA. Houston-based Expro said the acquisition will enable it to expand its portfolio of services and solutions within the subsea well access sector in the Americas and accelerate the growth of PRT Offshore’s surface equipment offering in the Europe and Sub-Saharan Africa and Asia Pacific regions. PRT Offshore employs around 90 people in Texas and Louisiana.

From Womble Bond Dickinson: Houston partner Francisco Balduzzi, together with Matt Homan, Shelby Martin and Gerald Ruiz

Expro’s Financial Advisor: RBC Capital Markets

Veritan’s NexTen raises $85M

Deal description: Veriten, an energy research, investing and strategy firm, announced Oct. 18 the closing of its debut fund, NexTen, with $85 million in committed capital. The NexTen fund is complementary to Veriten’s mission of identifying and advancing reliable, sustainable, scalable and economically viable solutions with minimal environmental impact in a constantly evolving and volatile energy landscape. The fund has made five investments to date. Participants in the NexTen fund include energy companies and financial institutions, current and former energy operations and finance professionals, family offices and Veriten team members. The firm’s leadership is comprised of its founder, Maynard Holt, co-founder and former CEO of the energy investment bank Tudor, Pickering, Holt & Co., along with Jeff Tillery, former head of TPH Research, Arjun Murti, former head of Goldman Sachs Research, Mike Bradley, former head of TPH Capital Markets, and Todd Scruggs, former treasurer and VP of corporate development at WPX Energy.

NexTen’s Outside Counsel: Baker Botts led by corporate partner Bryan Henderson in Dallas, special counsel Jay Gould in San Francisco, senior associate Josh Gonzales in Houston and associate Michael Donnellan in Houston. On tax: Steve Marcus (partner, Dallas); and on executive compensation: Jason Loden (partner, Dallas).

SPAC Aimfinity I plans to merge with Taiwanese medical device developer Docter in $60M deal

Deal Description: Aimfinity Investment Corp. I, a Cayman Islands incorporated special purpose acquisition company listed on the Nasdaq Global Market, and Docter Inc., a Taiwanese non-invasive blood glucose watch developer, announced Oct. 16 that they entered a definitive merger agreement in which a newly established Aimfinity subsidiary will become a publicly listed company combining Aimfinity and Docter. Upon closing, the combined company expects to list its ordinary shares on Nasdaq. The merger consideration is $60 million payable by newly issued shares of the combined company valued at $10 per share. Additional earnout shares may be issuable to Docter stockholders after closing upon achievement of certain sales targets in 2024 and 2025. Aimfinity shareholders will have 51.92 percent interest in the combined company and Docter stockholders will hold 48.08 percent. Docter recently announced a memorandum of understanding with Harvard Medical School for the purchase of 10,000 Docter watches used in a long Covid research project.

Expected Closing: Q1 2024 if the deal clears Aimfinity and Docter stockholders and regulators

Aimfinity’s M&A/Capital Markets Advisor: US Tiger Securities

Aimfinity’s Outside Counsel: Robinson & Cole

Docter’s Outside Counsel: Winston & Strawn with a team led by Houston partner Mike Blankenship and including Dallas partner Dean Hinderliter, Shanghai counsel Susan Deng and Houston associates Jon Bodle and Nnamdi Ezenwa and Los Angeles associate Christine Ko

GCL Asia to go public via $42.9M merger with SPAC RF Acquisition

Deal Description: Grand Centrex Ltd., an Asian video game distributor and publisher, announced Oct. 18 that it and its subsidiaries and affiliated companies entered into a definitive business combination agreement with RF Acquisition Corp, a publicly traded special purpose acquisition company, and RF Dynamic that will result in GCL Asia becoming a publicly listed company. Upon closing, the combined company is expected to be listed on Nasdaq under the reserved ticker symbol “GCL.” The proposed transaction gives GCL $1.2 billion in pre-transaction equity value. GCL’s existing shareholders will roll over all of the equity and keep a majority of the combined company’s outstanding shares, while GCL will also designate a majority of the combined company’s board. The transaction includes a minimum cash condition of $25 million and is expected to result in GCL receiving gross proceeds of about $42.9 million. RF Acquisition and GCL have agreed to work together to pursue commitments for a private placement of equity, debt or other alternative financings of up to $20 million. GCL expects to use proceeds from the transaction to accelerate its game publishing and IP management business, alongside its marketing reach with AAA/AA PC game titles.

Expected Closing: Q2 2024 if the deal clears shareholders

RF’s Outside Counsel: Winston & Strawn led by partners Mike Blankenship in Houston and Simon Luk in Hong Kong and including partner Dean Hinderliter in Dallas and associates Jon Bodle, Allan Jeanjaquet, Alexandra Santana and Robbie Oaks in Houston

GCL’s U.S. Counsel: Loeb & Loeb

GCL’s Singapore Counsel: Icon Law

RF’s Financial Advisor: Early Bird Capital Inc.

GCL’s Advisor: AMGM

FieldPulse snares $21M series B funding round led by Fulcrum

Deal Description: FieldPulse, a Dallas-based software provider in the field service industry, announced Oct. 19 an $21 million Series B funding round led by Fulcrum Equity Partners of Atlanta. The round also saw continued participation from current investors Capri Ventures and Superseed Ventures. The funding comes at a pivotal time for FieldPulse, which has seen growth and customer satisfaction in the past several years, the company said. The funding will be used to increase product and development, expand the team and bolster marketing initiatives in a multi-billion dollar market.

Fulcrum’s Outside Counsel: Morris, Manning & Martin including Atlanta associate Andy Klemm

FieldPulse’s Outside Counsel: Roberts Zimmerman in Southlake

NovoHydrogen secures $20M equity commitment from Modern Energy

Deal Description: Colorado-based NovoHydrogen Holdings announced Oct. 17 it attracted a $20 million equity commitment from Modern Energy, a clean energy company that invests in, builds and operates energy transition businesses to drive progress toward a zero-carbon economy. The capital will enable NovoHydrogen to continue strengthening its team and bring its development portfolio of green hydrogen projects to final investment decision and into construction.

NovoHydrogen’s Outside Counsel: Vinson & Elkins with a team was led by partner Michael Gibson with assistance from associates Alan Albrecht and Hannah Thai. Other key team members were counsel Allyson Seger and associates Ryan Dolmanet and Lauren Nieman (tax); partner Sean Becker and associate Ashley Plunk (employment/labor); partner Shane Tucker and associate Maddison Riddick (executive compensation/benefits); and partner Michael Kurzer and associate Haley Titcomb (technology transactions/IP).

Scorability lands $11M in funding

Deal Description: Austin-based Scorability, a platform for matching athletes with college athletics programs, announced Oct. 17 it raised $11 million in seed funding. The investment comes from Next Coast Ventures and Silverton Partners alongside Scorability’s co-founders. Led by AlertMedia founder and former CEO Brian Cruver and former AlertMedia chief revenue officer Brett Andrew, Scorability aims to become the new standard platform through which 28,000 college sports programs find, evaluate and engage with millions of prospective student athletes. The funding will be used to build the Scorability team across multiple departments, develop the company’s recruiting tech and user experiences and to bring those products to market by early 2024.

Sterling-backed West Star Aviation to combine with Jet East

Deal Description: West Star Aviation, a portfolio company of the Sterling Group, announced Oct. 17 that it signed a definitive purchase agreement to combine with Jet East in the coming weeks following a shareholder meeting of Jet East’s parent company, Gama Aviation. Terms weren’t disclosed. West Star is a provider of maintenance, repair and overhaul services to the business aviation industry providing maintenance, modification and other services to aviation customers. Jet East provides MRO services as well and focuses on supporting fractional and managed fleet operators. Founded in 1982, the Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of 66 platform companies and numerous add-on acquisitions for a total transaction value of over $22.0 billion. Sterling currently has $6.1 billion of assets under management. 

West Star’s Financial Adviser: Jefferies

Sterling/West Star’s Outside Counsel: Latham & Watkins with a corporate deal team led by Houston partners Bruce Herzog and Nick Dhesi and London partner Douglas Abernethy with associates Brad Guest, Zach Lippman and Alexander Nagorny. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associate Brian Rogers; on labor matters by Chicago associate Laura Waller; on benefits and compensation matters by New York partner Bradd Williamson and Chicago counsel Leah Segall, with associate Daniel Gocek; on antitrust matters by Washington, D.C. partner Jason Cruise and counsel Patrick English; on data privacy matters by Houston counsel Robert Brown, with associate Ishita Mattoo; on sanctions matters by Washington, D.C. partner Joe Bargnesi, with associate Ryan Malo; on environmental, health and safety matters by Washington, D.C. partner James Barrett, with associates Thomas Pearce and Anna Dykema; on real estate matters by New York counsel Shira Bressler; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Ryan Clore; and on insurance matters by Los Angeles partner Drew Levin, with associates Hannah Cary and Ryan Kazemaini.

PDQ receives investment from Berkshire Partners

Deal Description: PDQ, a provider of IT asset management software, announced Oct. 17 a growth investment from Berkshire Partners. Terms weren’t disclosed but PDQ said the sum was “significant.” Berkshire Partners, together with PDQ’s founders and executive management and existing investor TA Associates, will seek to bolster PDQ’s innovation capabilities as the company strategically expands its portfolio of easy-to-use IT asset management and scanning software solutions. Founded in 2001 and headquartered in Salt Lake City, PDQ provides software application inventory and deployment solutions used by IT professionals across industries and business sizes. The company’s newest product, PDQ Connect, is an agent-based device and patch management software for deploying applications, software patches and running custom remote scripts. Serving more than 25,000 customers, PDQ’s additional primary products are PDQ Deploy, an automated patch management solution, and PDQ Inventory, an endpoint information collection and reporting application for software, hardware and Windows configuration data.

PDQ’s Financial Adviser: William Blair

Berkshire’s Financial Adviser: Guggenheim Securities

TA’s Outside Counsel: Kirkland & Ellis with a team led by corporate partners Andrew Walker in Austin and Sean Kramer in the Bay Area; tax partner Devin Heckman; debt finance partners Kathryn Leonard and Brian Ford; antitrust partners Andrea Murino and Jack Coles; executive compensation partner Rohit Nafday; and international trade partner Luci Hague.

Berkshire’s Outside Counsel: Ropes & Gray

Petra Funds snares strategic investment from Charlesbank

Deal Description: Petra Funds Group, a fund administrator serving private investment firms, announced Oct. 19 that it entered into a definitive agreement to receive a majority growth investment from Charlesbank Capital Partners, a middle-market private equity firm based in Boston and New York. Terms weren’t disclosed. The Petra founders and management team remain significant shareholders alongside Charlesbank. Founded in 2021, Petra offers comprehensive fund administration and related middle and back-office services to private equity and private debt managers totaling more than $110 billion of assets under administration. 

Petra’s Outside Counsel: Latham & Watkins with a corporate deal team led by Houston partner Bruce Herzog and New York partner Caroline Phillips with associates Karen Song, Cody Conwell and Zainab Hashmi. Advice was also provided on tax matters by Houston partner Tim Fenn with associate Christine Mainguy and on benefits and compensation matters by New York partner Bradd Williamson and Chicago counsel Leah Segall.

Westlawn-backed Ellipsis buys more Delaware Basin assets

Deal Description: Ellipsis U.S. Onshore Holdings, a Dallas portfolio company of Houston-based Westlawn Group, announced Oct. 12 the acquisition of additional assets in the Delaware Basin of Texas and New Mexico.  Ellipsis bought non-operated oil and gas properties consisting of 3,000 net acres, production of more than 3,000 barrels of oil equivalent per day and operational upside associated with about 900 gross remaining locations. Including the purchase, Ellipsis anticipates fourth quarter production to average 7,000 barrels of oil equivalent per day. Westlawn formed Ellipsis to pursue the acquisition and development of large, producing oil and natural gas assets in the U.S.

Westlawn’s Outside Counsel: McDermott Will & Emery with a deal team led by Kevin Brophy, Ming Lei and Jack Langlois and including Sarah Nabors, Alex Farr and Jacob Hollinger.

Invitation Homes buys Las Casas at Windrose

Deal Description: Jones Day said Oct. 20 it represented Invitation Homes in connection with its acquisition of Las Casas at Windrose, an entire subdivision of Build-to-Rent 2-story homes in Litchfield Park, Arizona. The deal closed Aug. 18. According to an industry newsletter, each single-family home offers around 1,940 square feet of living space and each house is renting for $2,500 to $3,000 per month.

From Jones Day: Ryan Girnun and Collin Waring

CAPITAL MARKETS/FINANCINGS

Nxu announces $3M public offering of common stock

Deal Description: Nxu Inc., a Tempe, Ariz.-based technology company developing and making EV charging and energy storage solutions, announced Oct. 19 the pricing of a public offering of 86 million shares of Class A common stock at an offering price of 3.5 cents per share. The gross proceeds, before deducting placement agent fees and commissions and other offering expenses, are expected to be around $3 million. The offering is expected to close on or about Oct. 23.

Placement Agent: Maxim Group

Nxu’s Outside Counsel: Winston & Strawn led by Houston partner Mike Blankenship and including partner Justin Hoffman and associates Carly Ginley and Emily Semon