CDT Roundup: Energy Sector Leads the Charge

The week ending May 10 was, to say the least, brisk. Depending on how you count, there were 21 transactions valued at $21.5 billion or 24 valued at just over $30 billion. Either way, that’s pretty fair traffic compared to last week’s 11 deals for $4.2 billion. But it seems in keeping with last year’s 22 deals for $14 billion at about this time. Maybe deals just wanted to close themselves for Mothers’ Day.

Sunoco’s $9.1 billion acquisition of Canadian fuel distributor Parkland was the week’s blockbuster acquisition. But it was closely followed in size and scope by a $5 billion deal for the Matterhorn Express Pipeline. But while these two energy deals gobbled up much of the week’s deal value, there was plenty of value and variety in the rest of the traffic that provided significant work for Texas lawyers: a $1.5 billion joint venture to provide fiber networking to underserved parts of Canada; a $700 million foray by Uber into the Istanbul food delivery market; a Permian bolt-on by Permian Resources; a $500 million carbon capture JV between a Thailand E&P and a Copenhagen investor; a take-private deal by WhiteHawk Energy; a $250 million investment in a Dallas data center provider; the sale of a West Palm Beach asset manager to another one based in Milan and the sale of a Norwegian LNG carrier to a familiar U.S. investor.

On the Capital Markets side of things, the big deal of the week was a $110 million IPO for a Florida insurance company handled by Haynes Boone.

And the $9.4 billion deal for Skechers even blinked an eye on Texas.

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
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

Sunoco to acquire Canadian fuel distributor Parkland for $9.1B

Sunoco announced May 5 that it has agreed to buy Parkland Corp., a Canadian fuel retailer and distributor for $9.1 billion in cash and stock, including assumption of debt. The combination of Dallas-based Sunoco and Parkland would make the combined company the largest distributor of fuels in the Americas. Sunoco is the largest independent fuel distributor in North America. Parkland’s distribution network includes more than 4,000 retail and convenience store locations across 26 countries. Legal advisors for Sunoco include Stikeman Elliott, Vinson & Elkins and Weil. For more details about the transaction, please see our daily coverage here.

I Squared, MPLX, Enbridge to acquire Matterhorn Express Pipeline for $5B

Deal Description: I Squared, MPLX and Endbridge Inc. announced May 6 that they have jointly agreed to acquire equity in the Matterhorn Express Pipeline from Ridgemont Equity Partners (Charlotte, NC) and Devon Energy (Oklahoma City). Terms were not announced but Bloomberg has reported the value of the transaction as $5 billion. Following the close of the transaction sometime in Q2 2025, Whitewater (Austin) will own 65 percent of Matterhorn. MPLX and Enbridge will each own 10 percent. Whitewater, which will continue to operate Matterhorn, is jointly backed by Miami-based I Squared, First Infrastructure Capital (Houston) and other investors. The 510-mile pipeline, placed into service in November 2024, transports natural gas from the Waha area in the Permian Basin to Wharton and Katy, Texas. The pipeline also includes two Midland Basin laterals — one 50 miles in length, the other 85 miles.

Whitewater Outside Legal Counsel: Simpson Thacher & Bartlett

Simpson Thacher Lead Lawyers: Breen Haire (Houston), Shamus Crosby (Houston),

Texas Lawyers: Katy Lukaszewski (Houston), Tushar Parashar (Houston), Andrew Kingsbury (Houston), Gavin Jaco (Houston), Cameron Jones (Houston), Arthur Kopilevich (Houston), John Carter (Houston), Adam Arikat (Houston)

Elsewhere: Elizabeth Trask (Washington, D.C.) Larry Moss (New York) Steven DeLott (New York)

I Squared Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Kyle Watson (Houston) and Josh Teahen (Houston)

Texas Lawyers: Colleen Haile (Dallas), Alexa Grealis (Dallas), Marissa Kinsey (Houston), Lucas Spivey (Houston), Osaro Aifuwa (Houston), Kirby Swartz (Houston), Darby Branch (Houston), David Wheat (Dallas) and Bill Dong (Houston)

Canada’s BCE and PSP join in $1.5B fiber venture

Deal Description: Two of Canada’s largest business entities, BCE and the Public Sector Pension Investment Board, announced an agreement May 8 to create Network FiberCo, a long term strategic partnership to accelerate the development of fiber networks in Canada’s underserved regions. Contingent on closing its acquisition of Zipley Fiber, BCE will hold a 49 percent stake in Network FiberCo through Ziply. PSP holding a majority interest through its High Inflation Correlated Infrastructure Portfolio (HICI). Network FiberCo plans to develop approximately one million fiber passings in Ziply Fiber’s existing operational areas and will target development of up to 5 million additional passings. PSP Investments has agreed to provide up to $1.5 billion in capital to the new entity. Both BCE and PSP are headquartered in Montreal.

PSP Outside Legal Counsel: Simpson Thacher & Bartlett

Simpson Lead Lawyers: Shamus Crosby (Houston) and Christopher May (Houston)

Texas Lawyers: Mark Kunzman (Houston)

Uber enters Türkiye with $700M acquisition of Trendyol Go

Deal Description: Uber, the hailing and food-fetching giant, announced May 8 its purchase of a $700 million, 85 percent controlling stake in Trendyol Go, a meal and grocery delivery service in Istanbul. The controlling stake in Trendyol Go, acquired from Chinese online giant Alibaba, marks Uber’s entry into the Turkish market. Trendyol Go serves 90,000 restaurants with 19,000 couriers operating as a subsidiary of Trendyol Group, Türkiye’s largest e-commerce platform.

Trendyol Group Outside Legal Counsel: Clifford Chance

Clifford Chance Lead Lawyers: Itır Çiftçi (Istanbul)

Texas Lawyers: Alexandra Wilde (Houston), Austin Johnson (Houston), Pardis Baha (Houston)

TPG to acquire comms investor Peppertree Capital in $660M deal

Deal Description: TPG announced May 6 that it has agreed to acquire Peppertree Capital Management, an investment manager specializing in wireless communications towers and other communications infrastructure assets. The adjustable cash and equity deal includes a payment of up to $242 million in cash due at closing alongside as much as $418 million in equity. The deal also includes the potential for a performance earnout of as much as $300 million. Founded in 2004 in Chagrin Falls, Ohio, Peppertree reports AUM of $7.7 billion through more than 175 investments in more than 10,000 communications infrastructure assets.

Peppertree Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Emma Lange-Novak (Chicago) and Rami Totari (Dallas)

Texas Lawyers: Zach Sheehan (Dallas)

Elsewhere: Carlo Zenker (New York), Zahraa Hadi (New York), James Mayne (New York), Zackary Theo (Chicago), Jordan Murray (New York), Samuel Francis (New York), Stanley Ramsay (New York), Steven Cantor (Washington, D.C.), Afshin Khan (New York)

TPG Outside Legal Counsel: Weil, Gotshal & Manges

Weil Lead Lawyers: Brian Parness (New York)

TPG Financial Advisors: BofA Securities, Goldman Sachs, Houlihan Lokey, Campbell Lutyens

Peppertree Financial Advisors: Evercore

Permian Resources adds bolt-on from APA for $608M

Deal Description: Permian Resources announced May 7, a bolt-on acquisition from APA Corp (Houston) of about 13,320 net acres in New Mexico for $608 million. The deal reflects 8,700 net royalty acres, and expected second-half production of 12,000 boe/d, over 65 percent operated, with a breakeven of $30 per barrel WTI, according to Midland-based Permian Resources. In July 2024, Permian Resources acquired acreage in Reeves County, Texas, from Occidental Petroleum for $817 million. The northern tip of Reeves County abuts the southern border of New Mexico.

APA Chief Legal Counsel: Kimberly Warnica (Houston)

Permian Resources General Counsel: John Bell (Midland)

Permian Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Will Eiland (Dallas)and Chad Smith (Houston)

Texas Lawyers: Matt Gibson (Houston), Braxton Smith (Houston), Jake Johnson (Houston), Mark Dundon (Houston), Jacob Walley (Houston), James Dolphin (Houston), Courtney Tibbetts (Dallas)

APA Outside Legal Counsel: Bracewell

Bracewell Lead Lawyers: Austin Lee (Houston) and John Stavinoha (Houston)

Texas Lawyers: Timothy Wilkins (Austin) and J. Dean Hinderliter (Dallas), Jay Harper (Houston), Avery Steen (Houston) and William Kamensky (Houston)

BKV, Copenhagen Infrastructure form CCUS JV for $500M

Deal Description: BKV Corporation and Copenhagen Infrastructure Partners announced May 8 a $500 million joint venture to develop carbon capture utilization and sequestration projects throughout the U.S. BKV’s CCS portfolio already includes two projects in Texas (Barrett Zero and Eagle Ford) that will be contributed to the new JV. BKV will operate the JV’s current and future projects through its subsidiary BKV dCarbon Ventures for a 51 percent stake in the JV. CIP has committed to a $500 million investment in the joint venture for a 49 percent share. BKV is headquartered in Thailand with a U.S. base in Denver. CIP is based in Copenhagen.

Financial Advisor: Jefferies

BKV Outside Legal Counsel: BakerHostetler

BakerHostetler Lead Lawyers: Mike Moyer (Seattle), John Lehrer (Washington, D.C.)

Texas Lawyers: Gary Alletag (Houston)

Elsewhere: Nick Mowbray (Washington, D.C.), Marty Booher (Cleveland), and Tom Hogan (Washington, D.C.), Jonathan Park (Chicago), Joshua Wilson, and Chi Kim (Seattle)

Copenhagen Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Adam Larson (Houston) and Brittany Sakowitz (Houston)

Texas Lawyers: Rachael Lichman (Houston), Mark Dundon (Houston)

Elsewhere: Dustin Cooper (Salt Lake City), Munir Saadi (Washington, D.C.), Mike Masri (New York)

H.I.G. Capital to acquire 4Refuel for $450M

Deal Description: Vancouver-based Finning, the world’s largest Caterpillar equipment dealer, announced May 8 that it is selling its mobile on-site fuel business 4Refuel to H.I.G. Capital for $450 million, including debt. Under terms of the agreement, Finning will receive $400 million, $330 million in cash at closing, along with a $50 million note receivable and up to $20 million payable over two years, contingent on performance metrics. H.I.G. also assumes responsibility for approximately $50 million in debt and leaseholds. 4Refuel specializes in delivering diesel exhaust fluids to remote worksites and client locations. Finning says it is selling 4Refuel to refocus on its core business strategy.

Finning Outside Legal Counsel: Morgan Lewis & Bockius

ML Lead Lawyer: Sameer Mohan (Houston)

Texas Lawyers: Kelsey Warren (Houston) Jeff Dinerstein (Houston)

Casey August (Philadelphia) and Greg Hartker (San Francisco), and associate Andreas Andrews (Philadelphia), Patrick Rehfield (Washington DC) Kristen Campana (New York) and Sarah Grimm (New York)

Greenlake Energy anchors second fund with $200M NGP-led investment

Deal Description: Greenlake Energy announced May 6 the formation of its new upstream acquisition platform, Greenlake Energy II with a $200 million equity commitment from sponsor NGP Energy Capital Management along with Greenlake management. The new fund aims to expand the company’s Permian asset base in the Delaware Basin. Greenlake Energy I drilled 60 horizontal wells in the region. Greenlake II is headed by Matt Gallgher, previous CEO of Parsley Energy up to its sale in 2021 to Pioneer Natural Resources. NGP is headquartered in Houston.

NGP In-House Counsel: Jeff Zlotky (Dallas)

Greenlake Management Outside Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Adam Larson (Houston) and Joshua Tehan (Houston)

Texas Lawyers: Julian Seiguer (Houston), Stephen Jacobson (Houston), Karsten Busby (Dallas)

Elsewhere: Timothy Campany (New York)

NGP Energy Outside Legal Counsel: Vinson & Elkins

V&E Lead Lawyers: Matt Strock (Houston) and David Lassetter (Houston)

Texas Lawyers: Michelle Yang (Houston), Joshua Payne (Houston), David Peck (Dallas), Brian Russell  (Dallas), Kathryn Fish (Dallas), and associate Madeline O’Neill (Houston)

Elsewhere: Joo Hyun Lee (New York)

PHX agrees to $187M take-private acquisition by WhiteHawk Energy

Deal Description: On May 8, PHX Minerals (Oklahoma City), a royalty investor, released its quarterly report for Q1 2025, announcing a rise in quarterly revenue, a narrow drop in net income and the fact that it had agreed to be taken private in a sale to WhiteHawk Energy (Plano) for $4.35 per share in an all-cash transaction valued at $187 million, including PHX debt. The deal expands WhiteHawk’s presence in the Haynesville Shale and diversifies the company’s holdings in the SCOOP/STACK region in Oklahoma. The sale price represents a 21.8 percent premium over the PHX share price on May 7 and a 23.9 percent premium over PHX’s share price on the last day prior to disclosure of WhiteHawk’s proposed acquisition, last Oct. 24. Noted WhiteHawk CEO Daniel Herz: “PHX’s assets are underpinned by over 6,500 producing wells and significant undeveloped inventory that will increase and diversify our cash flows while providing potential upside. This transaction reflects our strategy to grow with assets that provide cash flow generation with no capital expenditures.”

WhiteHawk Financial Advisors: Stephens Inc.

WhiteHawk Outside Legal Counsel: Weil, Gotshal & Manges

Weil Lead Lawyers: James Griffin (Dallas) and Claudia Lai (Dallas); Omar Samji (Houston)

PHX Financial Advisors: RBC Capital Markets (lead) and Intrepid Partners

PHX Outside Legal Counsel: Blank Rome

Lamar to acquire Caruth-backed Premier Outdoor Media assets

Deal Description: Premier Outdoor Media, a major owner of out-of-home advertising assets across the Mid-Atlantic states, announced May 5 that it has sold those assets to Lamar Advertising. Lamar Advertising, owner and/or operators of more than 360,000 outdoor display sites across the U.S. and Canada, is headquartered in Baton Rouge. Terms of the deal were undisclosed. But the sale includes more than 200 billboard faces, 45 of them digital, in key markets across Maryland, New Jersey, Delaware, Pennsylvania and New York. Headquartered in Mount Laurel Township, New Jersey, Premier was founded in 2008 as Jersey Outdoor Media and acquired in 2018 by Dallas-based Caruth Capital Partners. Premier acquired 15 Digital Displays, a White Plains, New York, advertiser. Caruth Capital also acquired snack maker Taos Bakes (Questa, New Mexico) in 2018 and environmental services provider Secur LPT (Sewickley, Pennsylvania) in 2017.

Premier Outside Legal Counsel: Munsch Hardt Kopf & Harr

Munsch Hardt Lead Lawyers:  Mike Hainsfurther (Dallas) and Nicole Manley (Dallas)

Premier Financial Advisors: Moorgate Securities

Lamar Financial Advisors: Kean Miller

Note: Caruth Capital CEO Tim Wegener co-founded Caruth in 2017 with a former investment colleague, Benjamin deTar Wilhite. Wilhite died in 2020 at the age of 31.

Teleperformance Group partners with Ema, Parloa on AI advances

Deal Description: Global business services investor Teleperformance Group (TP) announced April 30 its partnership with two AI developers, Ema and Parloa. Emma, an agentic developer based in Mountain View, California, specializes in the automation of back office operations with a no code agent builder platform. Parloa, based in Munich, specializes in the development of human-sounding voice-first customer service operations. The deal with Paris-headquartered Teleperformance Group gives TP the right to invest up to $15 million in the next financing round of Ema and $10 million in Parloa.

TP Outside Legal Counsel: Latham & Watkins

Latham Lead Lawyers: Scott Craig (Austin) and James Garrett (Houston)

Texas Lawyers: Mason Taylor (Austin)

Elsewhere (on Ema): Steven Chinowsky (San Diego), Paul Rosen (Washington, D.C), Arun Mohan (New York) and Elliot Hecht (Washington, D.C.)

Elsewhere (on Parloa): Markus Krüeger (Frankfurt), Susan Kempe-Mueller (Frankfurt), and Adrian Pandza (Frankfurt)

NOVA Infrastructure to acquire DartPoints with $250M investment

Deal Description: NOVA Infrastructure (New York) announced April 30 the close of its $250 million majority investment in Dallas-based data center operators DartPoints. The company operates 11 data centers in 10 markets in South Carolina, North Carolina, Ohio, Indiana and Louisiana. With the transaction, DartPoints has already acquired the underlying real estate in DartPoints’ Greenville, SC; Baton Rouge, LA; and Asheville, NC data centers, further transitioning to ownership of its strategic facilities. NOVA is acquiring DartPoints from Astra Capital Management, which acquired the data center company in May 2020. Under terms of the agreement, Astra is maintaining a minority investment in DartPoints. The deal also includes a debt and equity investment by Orion Infrastructure Capital.

DartPoints Outside Legal Counsel: Sheppard Mullin and Debevoise & Plimpton

DartPoints Financial Advisors: Bank Street Group (M&A); Houlihan Lokey (debt)

NOVA Outside Legal Counsel: Winston & Strawn

Orion Outside Legal Counsel: Vinson & Elkins

V&E Lead Lawyers: Caitlin Turner (New York) and Chris Dawe (Dallas)

Texas Lawyers: Annabel Wei (Dallas),  Taylor Kopriva (Houston), Meghan Dobbins (Dallas), Prentiss Cutshaw (Dallas), Catherine Callahan (Dallas), Mark Kramer (Dallas), Matt Falcone (Houston), David Lassetter (Houston), Wendy Salinas (Houston), Lauren Nieman (Houston), Matt Dobbins (Houston),  Audrey Doane (Houston), Rajesh Patel (Houston), Haley Titcomb (Austin)

Elsewhere: Cam Viney (Washington, D.C.) Jill O’Driscoll (London),  Michael Kurzer (New York)

Argano to acquire Real Dynamics

Deal Description: Argano, a Plano-based digital services consultancy, announced May 6, its acquisition of Real Dynamics, a provider of large-scale implementations of business services based on Microsoft Dynamics. Real Dynamics, a Microsoft Dynamics 365 FastTrack Portfolio Partner since 2015, provides implementation services, business intelligence, and data and analytics which Argano says will align with its own Microsoft Business Unit. Terms of the agreement were undisclosed. Real Dynamics is based in Newport Beach, California.

Argano In-House Counsel: Elizabeth Frederic (Cincinatti)

Argano Financial Advisor: Ernst & Young

Argano Outside Legal Counsel: Kirkland & Ellis

Kirkland Lead Lawyers: Thomas Laughlin (Dallas) and Jordan Rex (Dallas)

Texas Lawyers: and Trent Tucker  (Dallas), Christie Alcala (Houston), Stephen Jacobson (Houston), David Wheat (Dallas) and Jon Nelsen (Austin) IP transactions.

Elsewhere: Maureen O’Brien (Chicago), Sally Ye (Washington, D.C.) Nick Niles (Chicago) Matt Lovell (Chicago)

Note: The Real Dynamics acquisition is Argano’s second this year. Just two weeks ago, Argano announced its acquisition of the digital supply chain platform Netlogistik. Laughlin led that deal, as well.

Apollo to acquire HAV Energy LNG from HitecVision

Deal Description: Apollo Global Management announced May 6 that it has agreed to acquire Hav Energy LNG Holding AS, a maritime liquified natural gas carrier infrastructure platform based in Norway. Terms of the agreement were undisclosed. Formed in 2022 by HiTecVision, Hav Energy invests in LNGC projects in partnership with Knutsen LNG, which owns a portfolio of 10 newbuild LNG carriers, including two set to be delivered this year and next by Hyundai Heavy Industries, the Korean shipbuilders.

Apollo Outside Legal Counsel: Thommessen, Stephenson Harwood and Vinson & Elkins

V&E Lead Lawyers: Francisco Morales Barrón (New York) and Dan Komarek (New York)

Texas Lawyers: Christina Wu (Austin)

Elsewhere: Maram Mahajna

Azimut to acquire HighPost

Deal Description: On May 7, European asset managers Azimut Group announced its acquisition of HighPost Capital, an asset management group based in West Palm Beach, Florida. HighPost was founded in 2019 by David Moross and Mark Bezos. The company claims $644 million in AUM over two platforms: HighPost, a control buyout and acquisition platform, and HIPSTR, an early-stage investment vehicle for consumer and consumer tech businesses. Through the acquisition, whose terms were undisclosed, Azimut increases its previously held 15 percent stake in HighPost to 56 percent. Azimut is based in Milan.

HighPost Outside Legal Counsel: Gibson Dunn & Crutcher

Gibson Lead Lawyers: Shukie Grossman (New York) and Michael Piazza (Houston)

Texas Lawyers: Jesse Myers (Houston), Adam Whitehouse (Houston), Hunter Michielson (Houston), Ashley Whittington (Houston), Michael Cannon (Dallas), Krista Hanvey (Dallas)

Elsewhere: Jason Park (New York), Juliette Rafael (Los Angeles), Philip Stachnik (New York), Ryan Rott (New York), John Curran (New York), Joshua Lipton (Washington, D.C.), Andrew Cline (Washington, D.C.), Alexander Merritt (Washington, D.C.)

Capital Markets/Credit

Haynes Boone advises on Insurance $110M IPO

American Integrity Insurance (Dallas), a Florida-based property and casualty company (Dallas), announced May 9 the completion of its IPO. The company offered 6.25 million shares of common stock at $16 per share (Dallas), netting proceeds of $110 million. The company began trading on the NYSE on May 8 (Dallas), under the symbol “AII.” American Integrity is headquartered in Tampa.

AII Outside Legal Counsel: Haynes Boone

Haynes Boone Lead Lawyer: Matt Fry (Dallas) and Logan Weissler (Dallas)

Texas Lawyers: Tyler Murry (Dallas), Maya Thomas (Dallas), Walt Cory (Dallas), Susan Wetzel (Dallas), Danielle Marr (Dallas), Raquel Alvarenga (Dallas)

Hess Midstream announces $200M unit repurchase

Deal Description: Hess Midstream announced May 6, its repurchase of $200 million of its Class B units Class A shares. The repurchase included $190 million of 5,151,842 Class B units (2.4% of the consolidated company) owned by its Hess Operations subsidiary, affiliates of Hess Corp. and Global Infrastructure Partners (now owned by BlackRock). The company repurchased another $10 million of its publicly owned Class A shares from JP Morgan Chase Bank. Terms of the agreements were approved by the Hess Midstream board and a conflicts committee. After completing the unit repurchase transaction but before giving effect to any publicly traded Class A shares purchased by Hess Midstream in the ASR transaction, ownership of Hess Midstream on a consolidated basis will be approximately 55.1% for the public, 7.1% for Global Infrastructure Partners and 37.8% for Hess Corporation.

Hess Midstream In-House Counsel: Timothy Goodell (Houston)

Conflicts Committee Legal Counsel: Gibson Dunn & Crutcher

Gibson Lead Lawyer: Hillary Holmes (Houston)

Texas Lawyers: Stella Tang (Houston), To Nhu Huynh (Houston)

LyondellBasell issues $500M in guaranteed notes

Deal Description: On May 6, LyondellBasell announced a $500 million offering of 6.150 percent guaranteed notes by its wholly-owned subsidiary LYB International. The notes are due 2035. The offering is due to close on May 15. The company plans to use the proceeds from the issue for general corporate purposes, which may include a repayment of the 1.25 percent guaranteed notes due 2025.

LyondellBasell In-House Legal Counsel: Jeffrey Kaplan (Houston)

LyondellBasell Outside Legal Counsel: Gibson Dunn & Crutcher

Gibson Lead Lawyers: Hillary Holmes (Houston) and Cynthia Mabry (Houston)

Texas Lawyers: Alan Williams (Houston), Caroline Simms (Houston)

Elsewhere: Jennifer Sabin (New York)

Book-running managers: BofA Securities; Wells Fargo Securities

Northern States Power Company offers $1.1B in mortgage bonds

Deal Description: Northern States Power Company (Minneapolis) announced May 2 the close of its issue of $600 million of 5.05% First Mortgage Bonds, Series due May 2035 and $500 million principal amount of its 5.65% First Mortgage Bonds, Series due May 2055.

Northern States Outside Legal Counsel: Jones Day

Underwriters Outside Legal Counsel: Hunton Andrews Kurth

Hunton Lead Lawyer: Peter O’Brien (New York)

Texas Lawyers: Will Freeman (Dallas), Robert McNamara (Houston)

Southwestern Public Service Company issues $500M in mortgage bonds

Deal Description: Southwestern Public Service Company, an Amarillo-headquartered subsidiary of Xcel Energy, announced May 2 the close of its issue of $500 million in $500 million of 5.30 percent first mortgage bonds due 2035.

Southwestern Outside Legal Counsel: Faegre Drinker

Underwriters Outside Legal Counsel: Hunton Andrews Kurth

Hunton Lead Lawyer: Peter O’Brien (New York)

Texas Lawyers: Will Freeman (Dallas), Robert McNamara (Houston), Caitlin Scipioni (Dallas)

Also…

Latham advised Francisco Partners in the May 6 close of its take-private acquisition and restructuring of Movella, a provider of hardware and software for motion sensor capture. The deal has been in the making since Movella voluntarily suspended trading of its stock on Nasdaq last year. Francisco Partners was one of the original investors when Movella went public via a deSPAC merger announced in October 2022. Lead for Latham was Daniel Munn (New York). Ben Gelfand (Houston) was the only Texas lawyer on the Latham team.

Latham also advised Skechers in its $9.4 billion acquisition by 3G Capital on May 5. The deal was led for Latham by Steven Stokdyk (Century City) and Josh Dubofsky (Bay Area). Christine Mainguy (Houston) was the only Texas lawyer on the Latham team.

Likewise, AvidXchange was advised by Latham in its $2.2 billion acquisition by TPG. AvidXchange is an accounts payable platform based in Charlotte, North Carolina. The Latham team was led David Beller (New York) and Ian Nussbaum (New York). Counsel Krisa Benskin (Houston) was the sole Texas bar card on that team.