If we’ve learned nothing else from the digital age, we ought to realize by now that, sadly, there are nefarious elements of the digital world that are, in some ways, driving it.
More than 5.52 billion (67 percent) of the world’s population has access to the internet, which means that, in addition to access to such statistics and lots of other people’s vacation photos, they also hold, unwittingly or not, potential access to email spam, Trojan horses, spear-phishing, bot-prop and other malicious interactions.
Attracted to anonymity and encryption in all its forms, criminals have long been early adopters of new technologies for pornography, human trafficking, credit fraud, ransomware, embezzlement, terrorism and digital services designed to assist in all that. The Department of Homeland Security calls it the “Crime-as-a-Service” model.
Which inevitably brings us to Artificial Intelligence and cybersecurity — and, of course, M&A.
Just as AI is accelerating investment in energy and power sourcing for data centers, deals involving cybersecurity software and services are being accelerated by the potential threats against them. While gaining traction in both public and private sectors, the report notes, AI is creating “significant and growing demand for advanced cybersecurity solutions.”
“AI is also being used by bad actors as a tool to fuel more sophisticated cyberattacks and increase their volume, as exemplified by the rise in AI-enhanced social engineering and the substantial financial impact of data breaches,” says the McKinsey report. The average cost of a data breach globally is $4.88 million. In the U.S., the cost is doubled: $9.7 million.
It’s a sector McKinsey describes as an addressable market of $2 trillion, ten times the value of the software and services currently vended.
It’s a market that extends to Texas and its lawyers. In 2024, according to The Texas Lawbook‘s Corporate Deal Tracker, there were 17 Texas-related transactions involving the acquisition of security firms. Nearly all were software and data deals. For instance:
- The Houston office of Simpson Thacher advised on the DigitalBridge acquisition of Articul8 AI, an Intel spin-off that specializes in AI applications in regulated environments.
- Frisco-based Netwrix, advised by DLA Piper, acquired Endpoint Security Software.
- Lawyers from Weil in Dallas advised Formstack when it bought data security specialists Open Raven. And again for data security providers with ThreatConnect and its purchase of data analyst Polarity.
- McGuireWoods advised SageLink Capital in its acquisition of cybersecurity managers Legato Security.
The dangers for any business from the use of AI can seem limitless. Its ability to mimic photos, documents or contracts has obvious uses in fraudulent transactions. Hackers can use its fast-developing generative language to pose as friends, relatives or colleagues of targets to reveal propriety information, company security arrangements or intimate business details.
But the latest iterations of AI have the ability to make or cultivate more sophisticated criminals and crimes: to analyze more efficient ways to commit fraud, to conceive or identify the most vulnerable targets or to imagine the best ways to elude arrest. AI can even be deployed against its security counterpart to elude detection during an intrusion better, camouflage its malicious purpose or recalibrate its approach when confronting its AI-driven security self.
In the end, it’s a digital cat-and-mouse game. Both sides are trying to outthink the other. But as anyone who’s been around cops and/or criminals understand: That’s the way it’s always been.
Crime may not pay, but it costs.
The week ending Jan. 18 saw 19 transactions reported for $7.4 billion. That’s a decline from the 21 deals valued at $33.6 billion the week prior. But it’s better both by volume and value than the 14 deals for $4.1 billion during the same week last year.
Weekly Corporate Deal Tracker Roundup Stats
A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)
(Deal Values in Millions)
| Deal Count | Amount | Firms | Lawyers | M&A Count | M&A Value $M | CapM Count | ||
|---|---|---|---|---|---|---|---|---|
| 05-Jul-2025 | 9 | $15,778 | 8 | 91 | 4 | $7,280 | 5 | $8,498 |
| 28-Jun-2025 | 13 | $7,777 | 8 | 138 | 7 | $2,031 | 6 | $5,746 |
| 21-Jun-2025 | 16 | $5,984 | 10 | 113 | 11 | $3,087 | 5 | $2,897 |
| 14-Jun-2025 | 9 | $478 | 8 | 133 | 6 | 0 | 3 | $478 |
| 07-Jun-2025 | 16 | $26,210 | 11 | 196 | 11 | $24,744 | 5 | $1,466 |
| 31-May-2025 | 19 | $23,381 | 11 | 166 | 12 | $18,665 | 7 | $4,717 |
| 24-May-2025 | 15 | $24,033 | 11 | 121 | 13 | $23,624 | 2 | $409 |
| 17-May-2025 | 16 | $21,760 | 12 | 145 | 11 | $18,615 | 5 | $3,145 |
| 10-May-2025 | 24 | $33,175 | 16 | 206 | 19 | $30,765 | 5 | $2,410 |
| 03-May-2025 | 11 | $4,249 | 13 | 90 | 11 | $2,226.5 | 2 | $2,022.5 |
| 26-Apr-2025 | 12 | $8,787 | 9 | 168 | 9 | $6,011 | 3 | $2,776 |
| 19-Apr-2025 | 11 | $8,097 | 7 | 138 | 9 | $7,985 | 2 | $112 |
| 12-Apr-2025 | 13 | $2,392 | 8 | 152 | 10 | $2,065 | 3 | $327 |
| 05-Apr-2025 | 19 | $27,762 | 15 | 188 | 16 | $25,473 | 3 | $2,289 |
| 29-Mar-2025 | 21 | $8,188 | 10 | 258 | 16 | $4,125 | 5 | $4,064 |
| 22-Mar-2025 | 19 | $6,485 | 14 | 231 | 15 | $4,128 | 4 | $2,857 |
| 15-Mar-2025 | 13 | $13,737 | 13 | 151 | 10 | $9,932 | 4 | $3,805 |
| 8-Mar-2025 | 7 | $2,234 | 5 | 66 | 5 | $224 | 2 | $2,100 |
| 1-Mar-2025 | 11 | $3,050 | 8 | 75 | 10 | $2,550 | 1 | $500 |
| 24-Feb-25 | 12 | $16,397 | 7 | 149 | 6 | $6,635 | 6 | $9,862 |
| 17-Feb-25 | 17 | $12,136 | 13 | 134 | 10 | $9,411 | 2 | $2,725 |
| 10-Feb-25 | 14 | $7,154 | 9 | 179 | 9 | $4,950 | 5 | $2,204 |
| 3-Feb-25 | 16 | $10,068 | 7 | 200 | 11 | $7,553 | 5 | $2,515 |
| 25-Jan-25 | 14 | $10,261 | 10 | 125 | 9 | $2,207 | 5 | $8,054 |
| 18-Jan-25 | 19 | $7,382 | 15 | 316 | 12 | $2,300 | 7 | $5,082 |
| 11-Jan-25 | 21 | $33,560 | 16 | 187 | 16 | $32,521 | 5 | $1,039 |
| 4-Jan-25 | 9 | $6,827 | 9 | 80 | 9 | $6,827 | 0 | 0 |
| 21-Dec-24 | 11 | $2,798 | 11 | 92 | 8 | $2,229 | 3 | $570 |
| 14-Dec-24 | 15 | $5,323 | 12 | 186 | 12 | $3,812 | 3 | $1,511 |
| 07-Dec-24 | 16 | $4,766 | 10 | 231 | 11 | $2,321 | 5 | 2,445 |
| 30-Nov-24 | 10 | $10,291 | 9 | 103 | 4 | $8,290 | 6 | $2.001 |
| 23-Nov-24 | 15 | $4,553 | 15 | 153 | 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 | 23 | $26,616 | 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/Funding
Kinder Morgan Acquires Gas Gathering and Processing System From Outrigger Energy for $640M
Deal Description: Kinder Morgan, a Houston-based energy infrastructure-focused firm, announced on Jan. 13 that its subsidiary Hiland Partners Holdings has purchased a natural gas gathering and processing system in North Dakota from Denver’s Outrigger Energy for $640 million. The Houston-based firm plans to pay for the transaction through a combination of short-term loans and cash it currently has on hand. The acquired system includes a processing facility of 270 million cubic feet per day and a 104-mile gas gathering header pipeline with a capacity of 350 MCF/D, which connects needed supplies from the Williston Basin to other markets. The system also currently has commitments from significant customers within the region as well as long-term contracts. Furthermore, through this transaction, the firm expects it will aid in reducing its future acquisition expenses and aid in the growth of its current Bakken customers.
Kinder Morgan In-House Legal Counsel: The Kinder Morgan team that worked on the deal included VP and GC Catherine Callaway James (Houston), VP and deputy GC and secretary Eric McCord (Houston), VP of tax and chief tax officer Jordan Mintz (Houston), assistant GC Patrick Stewart (Houston), VP and tax planning and auditor Jeff Utay (Katy) and VP and deputy GC Bill Wolf (Houston).
Kinder Morgan Outside Legal Counsel: Bracewell lawyers involved in this transaction included partners Jason M. Jean (Houston), Lytch T. Gutmann (Houston), W. Jared Berg (Houston), Bucky Brannen (Dallas), Heather L. Brown(Houston), Amber K. Dodds (San Antonio), Matthew B. Grunert (Houston), J. Dean Hinderliter (Dallas), D. Kirk Morgan II (Washington, D.C.), Tony L. Visage (Houston) and Timothy A. Wilkins (Austin/Houston). Additionally, counsel Tamara L. McKinzie (Houston) and associates Chase V. Edmunds and Bronwyn T. Tuff (Houston) contributed to the deal.
Outrigger Energy Outside Legal Counsel: Vinson and Elkins advised Outrigger in the deal with a team that included partner Creighton Smith (Houston) and counsel Alexander Baker (Dallas), with assistance from senior associate Matthew Fiorillo (Houston) and associate Ashley Osborne (Houston). Additionally, partner David Peck (Dallas), senior associate Miron Klimkowski (Dallas), associate Paige Kelley Rapp (Dallas), employment and labor partner Sean Becker(Houston), executive compensation and benefits partner Shane Tucker (Dallas), senior associate Nicole Waterstradt(Dallas) and associate Madeline O’Neill (Houston) also contributed to the deal. Furthermore, energy regulation partner Suzanne Clevenger (Houston), antitrust partner Hill Wellford (Washington, D.C.), antitrust counsel Ryan Will(Washington, D.C.), associate Rami Rashmawi (Washington, D.C.), real estate-focused counsel Kenneth Adler (Dallas), and environmental partner Matthew Dobbins (Houston) and associate Ryan Vanderlip (Austin) also contributed to the deal. Finally, insurance partner Sarah Mitchell (Dallas), IP counsel Rajesh Patel (Houston), senior associate Alexa Chally (Austin), anti-corruption-focused partner Brian Howard (Washington, D.C.) and sanctions counsel Elizabeth Krabill McIntyre (Washinton, D.C.) also worked on the deal.
CBRE Group Acquires Remaining Equity Stake in Industrious for $400M
Deal Description: CBRE Group, a Dallas-based commercial real estate services and investment firm, announced on Jan. 14 that it has acquired the remaining 60% equity stake in Industrious National Management Company, a workplace experience and operations-focused firm, for $400 million. CBRE has invested in the firm since 2020 through a 40% equity interest stake and a $100 million convertible note. The complete deal represents an implied enterprise valuation of $800 million for the New York-based firm. Furthermore, this transaction is expected to be additive to CBRE’s 2025 core EBITDA and increase its free cash flow. In addition, as a part of the acquisition, CBRE will create a new business segment named “Building Operations & Experience,” which will be led by Industrious’ CEO and co-founder Jamie Hodari. This new business segment will include CBRE’s Enterprise Facilities Management, Local Facilities Management, Property Management and the newly-acquired Industrious.
Industrious Outside Legal Counsel: Sullivan & Cromwell
CBRE Group In-House Legal Counsel: Chad Doellinger (Dallas)
CBRE Group Outside Legal Counsel: Simpson Thacher & Bartlett
Origis Energy Announces $1B Investment from Brookfield Asset Management and Antin Infrastructure Partners
Deal Description: Origis Energy, a Miami-based renewable energy platform, announced on Jan. 15 that it has received a new strategic investment from Toronto’s Brookfield Asset Management and additional commitments from its majority owner, France’s Antin Infrastructure Partners. The combined investment is expected to exceed $1 billion, and Brookfield will invest in the company through its infrastructure-structured solutions strategy and other affiliated entities. Origis plans to use the new capital to enhance its solar and battery storage portfolio further and will use it to continue to aid in bringing clean electricity to its U.S.-based customers.
Origis Energy Financial Advisors: PJT Partners, JP Morgan and Santander
Origis Energy Outside Legal Counsel: Latham & Watkins represented Origis Energy with a team led from New York by partners Alex Kelly and Peter Sluka.
Brookfield Outside Legal Counsel: Vinson and Elkins with a team that included Peter Marshall (Dallas), Austin White (Austin), Michelle Fu (New York), Maham Shahzad (Austin) and Devon Espinoza-Fontenot (Dallas). Additionally, Eamon Nolan (New York), Bader Thabti (London), Jacob Panagi(London), Tom Rhys-Jones (London), Joe Mallet (London), Tom Osborn (London), Stephanie Coco (Houston), Jake Silver (Washington, D.C.), Peter Berquist (Houston), Hunter Michielson (Houston) and Joseph Balhoff also contributed to the deal. Also, Josh Heideman (Los Angeles), Aaron Prince (New York), Rimal Kacem (New York), Jose Bill Olaguera (Los Angeles), Peter Kim (New York), Lina Dimachkieh (Houston), Lauren Collins (Los Angeles), Miron Klimkowski (Dallas), Sarah McIntosh (Washington, D.C.), Sean Becker (Houston), Peter Goetschel (Houston) and Ashley Plunk (Houston) also contributed to the deal. In addition, Joo Hyun Lee (New York), Henry Crowell (Houston), Madeline O’Neill (Houston), Michael Kurzer (New York), Alexa Chally (Austin), Sean Dao (Dallas), John Decker(Washington, D.C.), Ethan Borrasso (Houston), Max Aguirre (Houston), Matthew Dobbins (Houston), Nathan Schumacher (Houston) and Evan Miller (Washington, D.C.) also contributed to the deal.
Stoke Space Announces $260M in New Funding
Deal Description: Stoke Space, a Seattle-based reusable rocket manufacturer, announced on Jan. 15 that it has received $260 million in investment dollars from a large grouping of firms. The investor group includes Breakthrough Energy Ventures, Glade Brook Capital Partners, Industrious Ventures, Leitmotif, Point72 Ventures, Seven Seven Six, the University of Michigan, Woven Capital and Y Combinator. The space-focused firm will use the funding to complete its construction of Launch Complex 14 at Florida’s Cape Canaveral Space Force Station for its Stoke Nova launch vehicle.
Stoke Space Outside Legal Counsel: Pillsbury Winthrop Shaw Pittman represented Stoke Space in the deal with a team that included corporate partner Ronald Fleming (New York), senior associate Taylor O’Toole (New York) and associates Sarah Konnerth (New York) and Hongxi Wang (New York). Additionally, international trade partners Matthew Rabinowitz (Washington, D.C.), Aaron Hutman (Washington, D.C.), and Benjamin Cote (Washington, D.C.), counsel Zachary Rozen (Washington, D.C.), intellectual property partners Edward Cavazos (Austin), Chris Drymalla (Austin), and Patrick Jennings (Washington, D.C.) and litigation partner Melissa Lesmes (Washington, D.C.) contributed to the deal. Furthermore, government contracts and disputes partner John Jensen (Northern Virginia/Washington, D.C.), finance partner Thomas Klaus Gump (San Francisco and New York) and regulatory associate Arielle Heffez (Washington, D.C.) contributed to the agreement.
Homestead Capital Announces Minority Investment From Kudu Investment Management
Deal Description: Homestead Capital, a San Francisco-based U.S. farmland-focused investment and real asset manager, announced on Jan. 14 a new strategic partnership with Kudu Investment Management, a New York-based long-term capital solutions provider. The partnership also includes a minority investment in Homestead from the New York-based firm; however, neither firm disclosed financial details. Additionally, despite the recent investment from Kudu, Homestead will remain primarily employee-owned. Furthermore, the partnership will aid in Homestead’s ability to bolster its investments across the agricultural asset class and aid Kudu investors’ ability to invest in the real assets market.
Kudu Investment Management Outside Legal Counsel: Seward & Kissel
Homestead Capital Financial Advisor: Grace Strategic Consulting
Homestead Capital Outside Legal Counsel: Holland and Knight represented Homestead in the deal with a team that included M&A partner Walker Brierre (Houston), M&A associate Tim Strother (Houston), tax partners Ryan Phelps(Houston) and Neely Munnerlyn (Dallas), labor and employment partner Micah Prude (Dallas) and regulatory partner Jennifer Connors (New York).
Amplify Energy to Merge With Juniper Capital’s Rocky Mountain Portfolio Companies
Deal Description: Amplify Energy Corporation, a Houston-based acquirer, developer and producer of oil and natural gas properties, announced on Jan. 15 that it has entered a merger agreement with Juniper Capital, a Houston-based energy investment firm. The portfolio companies that Amplify will merge with have oil-weighted producing assets and leasehold interests in the DJ and Powder River Basins. As a part of the agreement, Amplify will issue the real estate-focused investor 26.7 million shares of Amplify with a par value of $0.01 per share and take on $133 million in net debt. Furthermore, following the issuing of the shares, shareholders of Amplify will own 62 percent of the firm and 39 percent will now be owned by Juniper. Additionally, a pair of Juniper partners, Edward Geiser and Josh Schmidt, will join and replace a pair of former Amplify Board of Directors members. The current management team will lead the newly merged company and look to support the Rocky Mountain portfolio companies more by making strategic operational hires.
Amplify Energy Financial Advisor: Houlihan Lokey
Amplify Energy Outside Legal Counsel: Kirkland & Ellis advised Amplify on the deal with a team that included Doug Bacon (Houston/New York), Kim Hicks (Austin/Houston), Jack Shirley (Dallas), Josue Medina (Houston), Lucy Li(Austin) and Miles Matey (Houston). Additionally, real asset transactions lawyers Lindsey Jaquillard (Houston), Alex Lippert (Houston), Clayton Hart (Houston), and Shelby Velasquez (Houston), capital markets lawyers Matthew Pacey(Houston), Ben Sharp (Dallas), Analynn Gabler (Dallas), and Will Whitlock (Dallas), and tax lawyers David Wheat(Houston/Dallas), William Dong (Salt Lake City/Houston), and Eli Kukharuk (Salt Lake City) contributed to the deal. Furthermore, executive compensation lawyers Michael Krasnovsky (New York), Karsten Busby (Dallas), and Grace Egger Zagorskis (New York), employee benefits lawyers Jack Bernstein (Chicago) and Mackenzie Packard (Chicago), and employment and labor lawyers Christie Alcala (Houston) and George Cartveli (New York) also contributed to the deal. In addition, debt finance lawyers Will Bos (Houston), Daniel Kirksey (Houston), Alex Moosariparambil (Dallas), and Darby Branch (Houston), environmental transactions lawyers Jonathan Kidwell (Dallas) and Thomas Boynton (Dallas), antitrust and competition lawyers Ian John (New York), Michael Thorpe (Chicago), Todd Garcia (New York) and Savannah Malnar-Cole (New York) and derivatives lawyers Brett Ackerman (Dallas) also contributed to the deal.
Juniper Capital Financial Advisor: Wells Fargo
Juniper Capital Outside Legal Counsel: Gibson, Dunn & Crutcher represented Juniper in the deal with a team that included partners Gerry Spedale (Houston), Michael Piazza (Houston), Jesse Myers (Houston) and associates Jonathan Sapp (Dallas), Chris Atmar (Houston) and Mariana Lozano (Houston). Additionally, financing partner Shalla Prichard (Houston), of counsel Andy Chen (Houston) and associate Iris Hill Crabtree (Houston) advised on the deal. Furthermore, tax-focused partner Michael Cannon (Dallas/Houston), benefits partner Krista Hanvey (Dallas) and antitrust counsel Andrew Cline (Washington, D.C.) contributed to the deal.
Braemont Capital Makes Strategic Investment in TEC Services
Deal Description: Braemont Capital, a Dallas and New York-based growth equity investment firm, announced on Jan. 14 that it strategically invested in TEC Services, a Maryland-based food and grocery janitorial and sanitation services provider. Neither firm disclosed the deal’s financial details; however, the investment is expected to help TEC accomplish its strategic growth plans through leveraging Braemont’s network and experience in scaling service-based businesses. TEC’s management team may also look for strategic acquisition opportunities to aid the planned expansion.
TEC Services Financial Advisor: BlackArch Partners
TEC Services Outside Legal Counsel: Duane Morris
Braemont Capital Outside Legal Counsel: Kirkland & Ellis advised Braemont on the deal with a team that included Thomas Laughlin (Dallas), Steve Wright (Dallas), Andrei Bucur (Dallas) and Jon Welfelt (Dallas). Additionally, the deal included debt finance lawyers Jordan Roberts (Houston) and Marco Chan (Dallas), tax lawyers David Wheat (Dallas/Houston) and Nicole Dressler Martin (Houston) and employee benefits lawyer Justin Coddington (Houston). Furthermore, executive compensation lawyers Stephen Jacobson (Houston/New York) and Jake Ebers (New York), employment and labor lawyer Christie Alcala (Houston), technology and IP transactions lawyer Matthew Lovell (Chicago) and environmental transactions lawyer Jonathan Kidwell (Dallas) also contributed to the deal.
New Mountain Capital makes strategic investment in Dallas’ Access Healthcare
Deal Description: New Mountain Capital, a New York-based growth-focused investment firm, announced on Jan. 14 that it has made a strategic investment in Access Healthcare, a Dallas-based technology-enabled revenue cycle management platform. The strategic investment will enable the Dallas-based firm to further enhance its AI, workflow automation and product development capabilities. Additionally, the investment will help the firm expand into new market areas. The Access Healthcare leadership and general teams are expected to stay in place and continue to lead the organization through this planned growth period.
New Mountain Capital Outside Legal Counsel: Ropes & Gray represented New Mountain Capital in the deal with a team that included partners Garrett Charon (New York) and Todd Kornreich (New York)
Access Healthcare In-House Legal Counsel: Chad Knight (Dallas)
Access Healthcare Outside Legal Counsel: Sidley Austin represented Access Healthcare in the deal with a team that included a trio of private equity partners in S. Scott Parel (Dallas), Aaron Rigby (Dallas) and Parthiv Rishi (Singapore).
London’s Montagu Private Equity Acquires Tyber Medical
Deal Description: Montagu Private Equity, a London-based mid-market private equity firm, announced on Jan. 13 that it has acquired Bethlehem, Pa.-based Tyber Medical, a manufacturer of orthopedic devices for the spine, extremities and trauma-affected body areas. As a part of the deal and to create a unified medical device supplier, Tyber will merge with a pair of other Montagu medical portfolio companies in 2022-acquired Resolve Surgical Technologies and 2021-acquired Intech. Resolve is an organization that primarily focuses on helping original equipment manufacturers bring their orthopedic-focused devices to market. In contrast, Intech is a firm that develops and manufactures orthopedic surgical devices. Through the merger, Montagu hopes to accelerate innovation from the trio of firms and improve patient care globally.
Tyber Medical Financial Advisor: Houlihan Lokey
Tyber Medical Outside Legal Counsel: Dechert
Montagu Private Equity, Intech and Resolve Surgical Technologies Outside Legal Counsel: Weil Gotshal & Manges represented Montagu, Intech and Resolve in the deal with a team that included private equity partners Ryan Taylor (New York) and Pierre-Alexandre Kahn (Paris). Additionally, the deal included banking and finance partners James Clarke(Paris), Brendan Conley (Dallas),and Vynessa Nemunaitis (Dallas) and associates Keiko Quiñones-Osumi (Dallas) and Angela del Carmen Estrada (Dallas). Furthermore, tax partner and associate Jonathan Macke (Dallas), Andrew Lawson (Dallas) and real estate attorney Leslie Smith (Dallas) contributed to the deal.
Medtronic Increases Investment and Enters a Distribution Agreement With Contego Medical
Deal Description: Medtronic, a Galway, Ireland-based global healthcare technology firm, announced on Jan. 13 that it has entered an exclusive U.S. distribution agreement with Contego Medical, a developer and manufacturer of devices used for cardiovascular and peripheral vascular procedures. The deal also includes an increased investment from Medtronic in Contego after it made a minority investment in the Raleigh, N.C.-based firm in 2020. Furthermore, the deal also includes an option for Medtronic to acquire the company in the future. The distribution agreement consists of Contego’s portfolio of commercially available products, and Medtronic will use its peripheral vascular and neurovascular commercial teams to distribute it beginning this spring.
Medtronic Outside Legal Counsel: WilmerHale
Contego Medical Outside Legal Counsel: Sidley Austin represented Contego in the deal with a team that included emerging companies and venture capital partner Frank Rahmani (Palo Alto/San Francisco), private equity partner Aaron Rigby (Dallas), M&A counsel Nick DeAngelis (Dallas/Palo Alto), M&A managing associate Jake Funk (Palo Alto), M&A associate Samantha Carvalho (San Francisco), technology and life sciences transactions partner Joshua Hofheimer (Century City/Palo Alto) and technology and life sciences transactions associate Sabrina K. Glavota (Century City).
Princeton Equity Group Makes Strategic Investment in Barry’s Bootcamp
Deal Description: Princeton Equity Group, a Princeton, N.J.-based private equity firm primarily investing in multi-unit companies and franchisors, announced on Jan. 13 that it has invested in Florida’s Barry’s Bootcamp, a fitness brand with 89 studios globally. The investment size was not announced, but Barry plans to use the investment to fund its expansion into 12 new US cities this year as well as a handful of European cities. Additionally, it will help the firm consolidate its operations in the U.K. and Canada. Barry’s has also received other private equity investments from firms like LightBay Capital and North Castle Partners.
Princeton Equity Group Outside Legal Counsel: Akin advised Princeton Equity Group in the deal with a team led by Thomas Yang (Dallas), corporate partner Eric Williams (Dallas), and associates Joshua Parisi (Dallas), Rafita Ahlam (New York), Megan Hamilton (Dallas) and Kathryn Faulk (Dallas). The team also included debt finance partner Andrew Sagor (New York), counsel Joseph Lumley (New York), and associates Matthew Sebbag (New York), Yossi Abadi (New York) and Lance Tinana (New York). Additionally, U.K. partners Justin Stock (London) and Stephen Brown (London), counsel Charlotte Irvine (London) and Mohammed Natha (London) and associates Gloriya Andonova (London), Matteo Lissana (London), Iffat Ahmad (London), Natasha Rix (London), tax partner Julia Pashin (Dallas), counsel Aaron Vera (Dallas) and associate Samir Halawi (Houston) contributed to the deal. Furthermore, real estate partner John Allen Bain(Dallas), counsel Payne Roberts (Dallas), practice attorney Stuart Graves (Dallas), labor & employment partner Desiree Busching (New York), counsel Jenny Bobbit (New York), executive compensation & employee benefits partner Stephanie Bollheimer (New York), counsel Alexandra Ritschard (New York), intellectual property partner David Vondle (Washington, D.C.), cybersecurity, privacy & data protection head Natasha Kohne (Abu Dhabi/San Francisco), senior counsel Michael Miller (Los Angeles) and advisor Joseph Hold (Washington, D.C.) contributed to the deal. In addition, international trade partners Melissa Schwartz (Washington, D.C.) and Alexis Guinan (Washington, D.C.), associate Eveline Liu (Washington, D.C.), environmental partner David Quigley (Washington, D.C.), senior counsel Andrew Oelz (Los Angeles) and associate Erin Magoffie (Washington, D.C.) contributed to the deal.
Presidio Investors Acquires 100% Ownership Stake in Hellas Verona Football Club
Deal Description: Presidio Investors, an Austin-based lower middle market private equity firm, announced on Jan. 16 that it acquired 100 percent ownership of Italy-based football team Hellas Verona Football Club. The Austin-based firm’s managing partner, Christian Puscasiu, and principal, Dirk Swaneveld, led the deal for Presidio. The newly acquired football club is expected to be led by a board that will include the club’s executive chairman, Italo Zanzi, the former CEO of AS Roma, managing director of FOX Sports Asia and VP of the MLB. Furthermore, as a part of the deal, the club’s former president, Maurizio Setti, will take on a new role as senior advisor of football operations, working alongside the club’s sporting director, Sean Sogliano. Additionally, Simona Gioè, former club general manager, will remain in a senior leadership role and will be joined by global sports executives Gennaro Leo and Sean Foley. The deal is Presido’s first sports-based investment since the firm sold Hattrick Sports Group, a European-based sports betting software developer, in 2017.
Presidio Investors Financial Tax and Commercial Due Diligence Advisor: Deloitte Sports Business Group
Presidio Investors Outside Legal Counsel: Hogan Lovells represented Presidio in the deal with a team that included Eric Andalman (Denver), Paola Barometro (Milan), Matthew Eisler (New York/Denver) and Patrizio Messina (Rome/Milan).
Capital Markets/Credit
Plains All American Pipeline Announces $1B of Unsecured Senior Notes Offering
Deal Description: Plains All American Pipeline, a Houston-based company specializing in midstream energy infrastructure and logistics services for crude oil and NGL, and its subsidiary PAA Finance Corporation announced on Jan. 13 that the duo has co-issued an underwritten public offering of $1 billion worth of senior unsecured notes at 5.950 percent due in 2035. Additionally, the notes will offer a price to the public of 99.761 percent of the notes’ face value. The move comes a week after the Houston-based firm announced a trio of bolt-on acquisitions for $670 million, with V&E also advising on two of the deals in the trio. The firm plans to use $988.1 million worth of proceeds from this offering to aid in paying off two of those Jan. 7-announced deals. The specific deals it plans to use the proceeds on include its acquisition of Ironwood Midstream Energy Partners for $475 million alongside the repurchase of 12.7 million series A preferred shares, which represent limited partner interests in PAA at $26.25 per share. In addition, the firm will also use the proceeds to pay off outstanding debts for its credit facilities and its commercial paper program. Furthermore, if the firm cannot close either of the Jan.7-announces deals, it will use the proceeds from the recently announced notes for other general corporate purposes and to refinance its 4.65 percent senior notes due in Oct. 2025.
Plains All American Pipeline In-House Legal Counsel: Richard McGee (Houston)
Plains All American Pipeline Joint Book-running Managers: JP Morgan, BMO Capital Markets, Mizuho Securities and Scotia Capital
Plains All American Pipeline Outside Legal Counsel: Vinson & Elkins represented Plains in the deal with a team that included partners Scott Rubinsky (Houston), David Palmer Oelman (Houston) and David Harry Stone (Houston). Senior associate Nathaniel Richards and associates Cole Leveque (Houston), Rachel Campbell Alexander (Houston) and Joshua Payne (Houston) also assisted on the deal. Additionally, tax partners Natan Levya (Dallas), John Lynch (Houston), Ryan Carney (Houston) and associate Jeff Slusher (Dallas) contributed to the deal.
Outside Counsel for Underwriters: Baker Botts with a team led from Houston by partner Doug Getten (Houston) and senior counsel Josh Davidson (Houston) with senior associates Parker Hinman (Houston) and associates Edmund Gyasi (Houston) and Blake Vick (Houston) with special counsel T. Chuck Campbell (Houston) and associate Mike Kovacich (Houston) on tax and special counsel Elizabeth Singleton (Houston) on environmental issues.
CNX Resources Corporation Announce $200M of Additional Senior Notes
Deal Description: On Jan. 13, CNX Resources Corporation, a Canonsburg, Pennsylvania-based firm that develops and produces natural gas and natural gas-focused technologies, announced the pricing of $200 million worth of additional senior notes for 7.25 percent due in 2032 for 100.500 percent of par, plus accrued interest from Sept. 2024, with a yield to worst of 7.104 percent. These newly announced notes are part of previously issued notes in Feb. 2014 worth $400 million. CNX’s restricted subsidiaries will guarantee the new notes, which guarantee its revolving credit facility. Additionally, the Jan. 13 announced notes will have identical terms to the Feb. 2014 notes, outside of the issue date, the initial offering price, and the first interest payment date. CNX plans to use the proceeds from notes to initially pay down borrowings under its senior secured revolving credit facility. In addition, it will also use the proceeds to pay for a portion of the transaction costs from its pending acquisition of Apex Energy, Apex Energy Minerals and Apex WML Midstream.
CNX Resources Corporation Outside Legal Counsel: Latham & Watkins represented CNX in the deal with a team led by partner David Miller (Austin) and corporate partner Monica White (Houston) with associates Paul Robe (Houston) and Armaan Bhimani (Houston). Tax partners Bryant Lee (Houston) and Jim Cole (Houston), associate Dominick Constantino (Houston), environmental matters-focused partner Joshua Marnitz (Los Angeles/Houston) and associate Brandon Wesley Kerns (Los Angeles) also contributed to the deal.
Initial Purchasers Outside Counsel: Vinson & Elkins represented the initial purchasers in the deal with a team that included partners Thomas Zentner (Austin/Houston) and David Harry Stone (Houston), with assistance from senior associate Nathaniel Richards (Houston) and associates Connor Rabalais (Houston), Shelby Shearer (Houston), Ethan Twining (Houston) and Patience Li (Houston). Tax partner Wendy Trahan Salinas (Dallas), associate Jeff Slusher (Dallas), associate Patrick Darby (Dallas), environmental partner George Casey Hopkins (Washington, D.C.) and associate Thomas Aird (Washington, D.C.) contributed to the deal. Furthermore, finance partner Zach Rider (Houston), senior associate David Albano (Houston), executive compensation and benefits partner David D’Alessandro (Houston/Dallas), counsel Heather Reynolds Johnson (Dallas), employment and labor counsel Alex Bluebond (Houston) and associate Ashley Plunk (Houston) contributed to the deal.
Calumet Announces $100M Senior Notes Offering and $65M ATM Equity Offering Program
Deal Description: Calumet, an Indianapolis-based manufacturer of lubricating oils, solvents, waxes and other fuel-related products, announced on Jan. 14 that through its subsidiaries Calumet Specialty Products Partners and Calumet Finance Corporation, it intends to offer a new round of senior notes worth $100 million at 9.75 percent due in 2028. Furthermore, these new notes will mirror the firm’s Jun. 2023 issued 9.75 percent senior notes, also due in 2028, worth $325 million. The firm plans to use the proceeds from this new offering to pay off a portion of its outstanding 2026-due 11.00 percent senior notes by the middle of Apr. 2025. Additionally, the firm filed for an at-the-market equity offering program to issue and sell shares of its common stock through the Nasdaq Global Select Market for up to $65 million. The Indianapolis-based firm will use the proceeds from the ATM Program to repay debt and obtain working capital and other capital expenditures.
Calumet Outside Legal Counsel: Gibson Dunn advised Calumet in the pair of deals with a team that included Hillary Holmes (Houston), counsel Robbie Hopkins (Houston), and associates Alan Williams (Houston), Allan Jeanjaquet (Houston), Muriel Hague (Houston) and Caroline Bakewell (Houston).
Sales Agent and Initial Purchasers Outside Legal Counsel: Baker Botts represented the sales agent in the deal with a team that included corporate-focused attorney in partner Eileen Boyce (Houston), senior counsel Joshua Davidson (Houston), senior associate Parker Hinman (Houston), associate Austin Lee (Houston), associate Cade Luedde (Houston) and Jack Hennessy (Houston). Additionally, finance-focused partner Clint Culpepper (Austin), partner Caitlin Lawrence (Houston) and associate Morgan Copher (Houston) contributed to the deal. Furthermore, tax special counsel Chuck Campbell (Houston) and environmental special counsel Elizabeth Singleton (Houston) contributed to the deal.
Hess Midstream Announces $100M Repurchase Agreement
Deal Description: Hess Midstream, a Houston-based owner and operator of midstream assets for oil, gas and water, announced a repurchase agreement on Jan. 14 for $100 million worth of 2,572,677 Class B shares through its subsidiary, Hess Midstream Operations, from affiliates Hess Corporation, BlackRock’s Global Infrastructure Partners and Hess Midstream sponsors. The shares were purchased at a purchase price of $38.87, and once the transaction is completed, the firm’s ownership team will consist of the public owning 47.9 percent of the firm on a consolidated basis, Global Infrastructure Partners owning 14.3 percent, and Hess Corporation owning 37.8 percent. Furthermore, the firm plans to finance the offering through borrowings from its existing credit facility.
Hess Midstream In-House Legal Counsel: Timothy B. Goodell (Houston)
Conflicts Committee of the Board of Directors of Hess Midstream Outside Legal Counsel: Gibson Dunn represented the group in the deal with a team that included partner Hillary Holmes (Houston/Dallas) and associates Stella Tang (Houston) and To Nhu Huynh (Houston).
Sponsors Outside Legal Counsel: Latham & Watkins advised the Sponsors in the deal with a team that included Thomas Brandt (Houston) and associates Denny Lee (Houston), Morgen Seim (Houston), Jordan Armstrong (Houston) and Armaan Bhimani (Houston). Additionally, tax partner Bryant Lee (Houston) contributed to the deal.
PicoCELA Incorporated Announces $7M Initial Public Offering
Deal Description: PicoCELA Incorporated, an enterprise wireless mesh solutions provider based in Tokyo, announced on Jan. 16 the pricing of an initial public offering of 1,750,000 ADSs at $4.00 per share, totaling $7,000,000. The Tokyo-based firm will also allow the underwriters to buy an additional 262,500 shares to cover overallotments at the initial offering price. Furthermore, the shares will trade on the Nasdaq with a ticker symbol of “PCLA.” The firm plans to primarily use the proceeds from the offering to obtain working capital to improve its inventory production processes as well as R&D.
PicoCELA Incorporated Financial Advisor and Initial Public Offering Consultant: Spirit Advisors
PicoCELA Incorporated Outside Legal Counsel: Hunter Taubman Fischer & Li
Lead Book-Running Representative and Co-Underwriter for the Offering: Benjamin Securities and Prime Number Capital
Benjamin Securities and Prime Number Capital Outside Legal Counsel: Winston & Strawn represented the underwriter duo in the deal with a team that included partner Michael Blankenship (Houston/San Francisco/New York), partner David Sakowitz (New York/London) and associates Jacob Botros (Houston), Robbie Allan Oakes (Houston) and Peter Staviski (Houston).
APA Corporation Makes $3.6B Exchange and Tender Offer
Deal Description: APA Corporation, a Houston-based owner of consolidated subsidiaries that produce oil and natural gas globally, announced on Jan. 8 that it plans to exchange outstanding debt securities of one of its subsidiaries, Apache Corporation, for new senior notes issued by APA and cash. Additionally, APA plans to purchase outstanding Apache debt securities of up to $1 billion. APA also received consent from the debt securities holders to modify the indentures. The total amount paid in newly issued senior notes from APA and cash was $3.6 billion. In addition, on Jan. 7, APA announced a $850 million private senior notes offering to aid in paying for the purchase of Apache debt securities in the tender offers, an offering that Bracewell also represented APA in.
APA Corporation In-Hounse Counsel: Kimberly Warnica (Houston)
APA Corporation Outside Legal Counsel: Bracewell represented APA in the deal with a team that included partners Troy L. Harder (Houston), William Anderson (Houston), J. Dean Hinderliter (Dallas) and Matthew B. Grunert(Houston). Additionally, the deal included a team of associates, Shannon Baldwin (Houston), Ben Meredith (Houston), and Sydney Kate Watkins (Houston), who also contributed to the deal.
Apache Corporation Bondholders Outside Legal Counsel: Akin Gump Strauss Hauer & Feld represented the Apache Corporation’s bondholders in the deal with a team that included Jesse Michael Brush (New York/Boston), Beatrice Techawatanasuk (New York) and Lulu Ward (New York).
Lead Dealer Managers for the Exchange and Tender Offers: BofA Securities, HSBC, Mizuho and RBC Capital Markets
Joint Book-running Managers for the Private Notes: JPMorgan, MUFG, Scotiabank and TD Securities
New York Mortgage Trust Announces $75M Public Offering of Senior Notes
Deal Description: New York Mortgage Trust, an internally managed REIT that primarily looks to acquire, manage and invest in multi-family and mortgage-related single-family residential properties, announced on Jan. 8 the pricing of an underwritten public offering of senior notes worth $75 million at 9.125% due 2030. The New York-based firm has also offered the underwriters the 30-day opportunity to purchase an additional $11.25 million worth of notes. The notes will be senior unsecured obligations, and the firm will pay interest on the first of the month of each quarter and will begin this process in Apr. 2025. The notes will mature in Apr. 2030 and will have the opportunity to be redeemed in Apr. 2027. Furthermore, the company’s notes will be traded on the Nasdaq under the ticker symbol “NYMTG” and are expected to be traded 30 days after they are initially issued. The firm plans to use the proceeds from this round for general corporate purposes, including obtaining working capital and enabling it to acquire more targeted residential properties.
Book-running Managers for the Offering: Morgan Stanley, Piper Sandler, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities
New York Mortgage Trust Outside Legal Counsel: Vinson & Elkins advised New York Mortgage Trust on the deal with a team that included partners Christopher Green (Washington, D.C.) and David Harry Stone (Houston), who were assisted by associates Austin Scieszinski (Washington, D.C.), Selena Govan (Houston) and Kayla Duperrouzel (Washington, D.C.). Other V&E attorneys contributing to the deal included partner Paige Anderson (Richmond/New York) and associate Maddie Brown (Austin).