CDT Roundup: A $79 Billion Week, Yet SpaceX Still Steals the Shot

Sixteen deals were reported to the CDT Roundup this week valued at $79.4 billion the second-highest weekly total recorded this year — or, if you prefer, the largest weekly total that didn’t involve SpaceX. Well, not exactly, as you’ll see.

The biggest deal of the week was the $66.8 billion merger of electricity providers NextEra and Dominion, aimed at creating the largest utility company on the planet. That’s news colossal on its own antitrust implications.

But a day later SpaceX and Elon Musk proceeded to photobomb the mega-utility closeup by making public the registration of its long-anticipated IPO. That deal is thus far unpriced, so its value remains a product of Musk’s seemingly limitless imagination — and not part of this week’s tally.

But the week also included a $5 billion commitment by Blackstone to a joint venture with Google Cloud for data center development, as well as a $4 billion sale of federal leases by the Bureau of Land Management.

Elsewhere there was a hazardous waste services deal, the closing of a $105 million venture energy fund, a reverse merger in pharmaceuticals involving migraine therapy, an acquisition by an upstart renewables developer, a new Trinity Hunt platform, two new strategic investments by Plano-based Argano, a pair of SPAC IPOs and a private equity investment in the Cleveland Browns.

All told, the week compared more than nicely with last week’s 12 deals for $6 billion, or even the 15-deals for $24 billion recorded at this time last year.

The CDT Roundup is a regular feature from The Texas Lawbook highlighting the work Texas dealmakers are doing inside and outside the state.

Have a deal we should include next week?

Please share your news with us at CDTRoundup@texaslawbook.net by sending a news release or a short blurb containing the date of the deal, a brief description, a link to any public announcement, the lead lawyers and their offices, and all other Texas lawyers who advised on the deal.

Allen Pusey contributed to this report.

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
05-23-26	15	$75,425	12	140	10	$72,420	5	$3,005
05-16-26	12	$5,959	8	168	4	$1,100	8	$4,859
05-09-26	20	$11,283	12	237	13	$3,771	7	$7,512
05-02-26	13	$37,870	7	122	5	$16,870	8	$21,000
25-Apr-26	11	$19,690	7	220	9	$16,020	2	$3,670
18-Apr-26	14	$3,510	12	192	11	$2,263	3	$3,510
11-Apr-26	10	$5,095	9	107	5	$1,930	5	$3,165
04-Apr-26	11	$32,957	12	94	9	$32,222	2	$735
28-Mar-26	13	$10,741	9	106	9	$7,250	4	$3,491
21-Mar-26	11	$7,527	9	114	6	$5,985	5	$1,631
14-Mar-26	13	$5,980	12	134	7	$1,472	6	$4,508
07-Mar-26	13	$48,140	8	118	9	$41,776	4	$6,364
28-Feb-26	11	$7,312	11	102	5	$4,775	6	$2,537
21-Feb-26	10	$7,087	7	180	7	$6,187	3	$899
14-Feb-26	14	$20,460	9	151	9	$16,440	5	$4,020
7-Feb-26	8	$316,505	11	203	8	$316,505	0	0
31-Jan-26	11	$3,985	8	72	7	$135	4	$3,850
24-Jan-26	8	$1,340	5	120	7	$985	1	$355
17-Jan-26	19	$18,440	10	203	13	$12,963	6	$5,477
10-Jan-26	18	$8,958	12	182	17	$8,358	1	$600
03-Jan-26	2	$1,519	2	17	1	$18.8	1	$1,500
27-Dec-25	2	$3,200	2	15	2	$3,200	0	0
20-Dec-25	11	$10,167	8	96	7	$7,411	4	$2,756
13-Dec-25	15	$9,952	10	211	11	$6,267	4	$3,686
06-Dec-25	16	$9,947	11	94	13	$8,091	3	$1,856
29-Nov-25	6	$4,075	5	60	2	$175	4	$3,900
22-Nov-25	20	$5,546	14	166	14	$3,309	6	$2,238
15-Nov-25	16	$16,373	11	136	8	$4,790	8	$11,583
08-Nov-25	21	$75,919	15	191	15	$70,630	6	$5,289
01-Nov-25	20	$25,927	12	152	14	$21,455	6	$4,472
25-Oct-25	19	$61,470	14	262	18	$60,894	1	$576
18-Oct-25	14	$47,792	12	130	13	$46,592	1	$1,200
11-Oct-25	14	$17,361	9	104	7	$14,444	7	$2,917
04-Oct-25	21	$20,843	15	236	10	$15,376	11	$5,467
27-Sept-25	16	$22,774	12	219	10	$19,103	6	$3,671
20-Sept-25	24	$11,305	13	238	16	$6,209	8	$5,096
13-Sept-25	20	$26,575	11	225	12	$20,971	8	$5,604
06-Sept-25	19	$8,622	12	190	13	$2,880	6	$8,622
30-Aug-25	10	$6,569	9	109	7	$3,519	3	$3,050
23-Aug-25	23	$15,207	10	129	18	$14,500	5	$707
16-Aug-25	13	$26,405	12	149	7	$3,180	6	$23,225
09-Aug-25	19	$16,066	16	245	15	$11,307	4	$4,759
02-Aug-25	17	$19,480	11	104	13	$18,002	4	$1,478
26-Jul-25	15	$3,164	12	96	12	$3,0023	3	$162
19-Jul-25	14	$6,080	14	97	9	$4,165	5	$1,915
12-Jul-25	15	$13,012	14	208	12	$10,902	3	$2,110
05-Jul-25	9	$15,778	8	91	4	$7,280	5	$8,498
28-Jun-25	13	$7,777	8	154	7	$2,031	6	$5,746
21-Jun-25	16	$5,984	10	113	11	$3,087	5	$2,897
14-Jun-25	9	$478	8	133	6	0	3	$478
07-Jun-25	16	$26,210	11	196	11	$24,744	5	$1,466
31-May-25	19	$23,381	11	166	12	$18,665	7	$4,717
24-May-25	15	$24,033	11	121	13	$23,624	2	$409
17-May-25	16	$21,760	12	145	11	$18,615	5	$3,145
10-May-25	24	$33,175	16	206	19	$30,765	5	$2,410
03-May-25	11	$4,249	13	90	11	$2,226.5	2	$2,022.5
26-Apr-25	12	$8,787	9	168	9	$6,011	3	$2,776
19-Apr-25	11	$8,097	7	138	9	$7,985	2	$112
12-Apr-25	13	$2,392	8	152	10	$2,065	3	$327
05-Apr-25	19	$27,762	15	188	16	$25,473	3	$2,289
29-Mar-25	21	$8,188	10	258	16	$4,125	5	$4,064
22-Mar-25	19	$6,485	14	231	15	$4,128	4	$2,857
15-Mar-25	13	$13,737	13	151	10	$9,932	4	$3,805
8-Mar-25	7	$2,234	5	66	5	$224	2	$2,100
1-Mar-25	11	$3,050	8	75	10	$2,550	1	$500
22-Feb-25	12	$16,397	7	149	6	$6,635	6	$9,862
15-Feb-25	17	$12,136	13	134	10	$9,411	2	$2,725
8-Feb-25	14	$7,154	9	179	9	$4,950	5	$2,204
1-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

NextEra, Dominion Energy Merge in Stock Swap Valued at $66.8B

Deal Description: NextEra Energy and Dominion Energy announced on May 18 an agreement to merge in an all-stock transaction valued at $66.8 billion. Kirkland & Ellis advised NextEra with a team led by Zach Savrick and Andy Calder in Houston with David Feirstein, who works from Houston and New York, and Brooksany Barrowes in Washington, D.C. Charles Sieving is NextEra Energy’s chief legal officer. Jim Stuckey is vice president and general counsel at Dominion Energy, which tapped McGuireWoods as outside legal counsel. Click here to read more and see the lawyers involved.

Devon Energy acquires $2.6 billion in O&G leases in BLM sale

Deal Description: The Bureau of Land Management announced May 20 the sale of more than $4 billion in oil and gas leases on 33,530 acres of federal lands in the Permian Basin across West Texas and Eastern New Mexico. The deals involved bids on 74 individual parcels. Houston-based Devon Energy placed winning bids on 24 of those parcels and more than 16,000 acres with bids totaling $2.6 billion. The second-largest bid came from Federal Abstract Company, a New Mexico-based brokerage, which purchased 5,154 acres across six parcels for about $1.14 billion, presumably on behalf of buyers who wished to remain anonymous. The sale included a 12.5 percent royalty paid to the federal treasury for oil and gas produced on the parcels, reducing the 16.67 percent royalty introduced by the Inflation Reduction Act.

Blackstone invests $5B in new ‘compute-as-a-service offering’ venture with Google

Deal Description: Blackstone announced on May 18 an initial commitment of $5 billion in a new joint venture with Google to create a company that offers efficient data center capacity, operations, networking and Google Cloud’s tensor processing units, which are designed to accelerate machine learning and AI workloads. Google has used tensor processing units for about a decade and made them publicly available in 2018. Blackstone, the world’s largest asset manager with more than $1.3 trillion in total assets under management, said the new venture will provide “a compute-as-a-service offering” and give customers another option to access the tensor processing units in addition to using them through Google Cloud. Blackstone expects to bring the first 500 megawatts of capacity online in 2027, with plans to scale significantly. The company said Google will supply hardware, software and services to the new entity to meet the increasing demand for accelerated computing. 

Blackstone Outside Legal Counsel: Simpson Thacher

Simpson Thacher Lead Lawyers: Anthony Vernace (New York), Michael Chao (New York), Katy Lukaszewski (Houston)

Clean Harbors buys Carolina waste services firm Terra Nova for $225M cash

Deal Description: Clean Harbors said on May 14 that it has acquired Terra Nova Solutions, a provider of hazardous and non-hazardous waste services in the Carolinas, for $225 million cash. Norwell, Mass.-based Clean Harbors said Terra Nova operates five wastewater treatment, solidification and waste processing sites that are expected to generate $45 million to $50 million of annual revenue and about $15 million of adjusted earnings before interest, taxes, depreciation and amortization. Terra Nova is a Crescentia Capital portfolio company. Clean Harbors provides waste management services and owns owns Safety-Kleen, the largest re-refiner and recycler of used oil in North America.

Clean Harbors Outside Legal Counsel: Davis, Malm & D’Agostine

Terra Nova Financial Advisor: Raymond James

Terra Nova/Crescentia Capital Legal Counsel: Willkie Farr & Gallagher

Willkie Farr & Gallagher Lead Lawyers: Neil Townsend (New York), Aaron Savella (Houston)

Veriten closes $105 venture energy fund

Deal Description: Houston-based research, strategy and investment firm Veriten said on May 19 that it closed a second flagship energy venture fund, with more than $105 million in capital commitments. The company said the fund is designed “to accelerate scalable technology solutions for energy, power and industrial applications.”

Veriten Outside Legal Counsel: Baker Botts

Lead Lawyer: Bryan Henderson (Dallas)

Texas Lawyers: Alira Thomas (Dallas), Steve Marcus (Dallas), Michael Donnellan (Houston)

Mentari Therapeutics going public in reverse merger with InMed Pharmaceuticals

Deal Description: InMed Pharmaceuticals said on May 19 that it has agreed to a reverse merger with private biotech firm Mentari Therapeutics via a stock swap. Terms weren’t disclosed. The Vancouver-based drug maker said Mentari develops therapies for migraine prevention. Upon close, the combined entity will operate as Mentari Therapeutics and trade on Nasdaq under a new ticker symbol. Waltham, Mass.-based Mentari also announced a $290 million private placement led by Philadelphia investment firm Fairmount with participation from more than a dozen other firms. The companies expect proceeds to fully fund operations through 2028, providing enough of a runway “to aggressively compete in what we believe will be the next era of migraine prevention.”

Mentari Therapeutics Outside Legal Counsel: Gibson Dunn

Gibson Dunn Lead Lawyers: Ryan Murr (San Francisco), Branden Berns (San Francisco), Evan Shepherd (Houston)

Frontier Power USA acquires Texas battery energy projects from Bimergen

Deal Description: Frontier Power USA, a newly formed energy storage developer and investor, said on May 21 that it acquired a 480 MWh portfolio of battery energy storage system projects from Bimergen Energy Corp. Financial terms weren’t disclosed. The companies said Frontier Power will fund construction of three projects in Texas that are expected to start soon, pay Bimergen a development fee and cover transaction costs. Based in Pittsburgh, Frontier Power is backed by Eos Energy Enterprises and Cerberus Capital Management. Frontier Power USA will own 92.5 percent of the merged entity, with Newport Beach, Calif.-based Bimergen retaining 7.5 percent. 

Cerberus Capital Outside Legal Counsel: Simpson Thacher & Bartlett and Jackson Walker

Bimergen Energy Outside Legal Counsel: Norton Rose Fulbright

Norton Rose Fulbright Lead Lawyers: Thomas Verity (Houston), Allie Hemmings (Austin)

Norton Rose Lawyers: Keith Martin (Washington, D.C.), Ori Noiman (Denver), Lauren Shapiro Newberry (Austin)

Arctos acquires minority stake in Cleveland Browns

Deal Description: On May 5, KKR closed its acquisition of acquisition of Arctos Partners, a private investment firm founded in Dallas in 2019 with a focus on owning professional sports franchises. On May 19, the Cleveland Browns said the NFL approved Arctos’ acquisition of a minority stake in the football team. Specific terms weren’t disclosed. In August 2024, NFL owners voted to allow PE firms to acquire up to 10 percent of a team, with the minimum stake of 3 percent. Arctos now owns at least three percent of the Browns, 8 percent of the Los Angeles Chargers and 10 percent of the Buffalo Bills. These three teams have zero Super Bowl wins between them.

Arctos Partners Outside Legal Counsel: Kirkland & Ellis

Kirkland & Ellis Lead Lawyer: Adam Garmezy (Houston/New York)

Texas Lawyers: Michael Considine (Dallas), Logan Krulish (Austin), Marissa Kinsey (Houston), Joe Tobias (Dallas), Brooke Schafer (Dallas)

Elsewhere: Victor A. Ghazal (New York), Khori Davis (New York), Samuel R. Scarcello (Chicago), Justin Frumm (Chicago), Elliot Foley (Chicago), Jordan Stansfield (Chicago)

Argano acquires Colorado-based AI workforce operating platform Ascend

Deal Description: Plano-based Argano said on May 12 that it acquired Boulder, Colo.-based Ascend, which provides managed services for UKG’s AI-led workforce operating platform. Terms weren’t disclosed. Argano is a specialized consultancy focused on high-performance business operations “with an AI-forward approach to transformation.”

Argano Outside Legal Counsel: Kirkland & Ellis

Kirkland & Ellis Lead Lawyer: Thomas Laughlin (Dallas)

Texas Lawyers: Jordan Rex (Dallas), Kelly McConnell (Dallas), Christie Alcala (Houston), Jon Link (Houston), Alex Clark (Dallas), Carly Krause (Houston), Anna Haynes (Houston), David Yaka (Austin), David Wheat (Dallas/Houston), Jon B. Nelsen (Austin)

Elsewhere: Matt Lovell (Chicago), Hayley Hollender (Chicago), Nick Niles (Chicago), Jason Klein (Chicago)

Argano acquires Gaea Global, building portfolio of “operational transformation”

Deal Description: Plano-based Argano said on May 19 that it acquired Gaea Global Technologies, an Oracle partner based in Santa Clara, Calif., that provides project portfolio management and controls for large-scale projects and infrastructure. Terms weren’t disclosed. Argano said it has acquired more than two dozens companies since its founding in 2020, as it “continues to bring together leading specialized firms to build the world’s most comprehensive portfolio of services focused on operational transformation.”

Argano Outside Legal Counsel: Kirkland & Ellis

Kirkland & Ellis Lead Lawyer: Thomas Laughlin (Dallas)

Texas Lawyers: Jordan Rex (Dallas), Abby Feeney (Dallas), Bridgette Dwyer (Dallas), Christie Alcala (Houston), Stephen M. Jacobson (Houston/New York), Maddison M. Riddick (Houston), David Yaka (Austin), Vincent P. Forcinito (Dallas), Catherine Garner (Dallas), David Wheat (Dallas/Houston), Jon B. Nelsen (Austin)

Elsewhere: Matt Lovell (Chicago), George Cartveli (New York), Frank Policastri (Washington, D.C.),
Maureen D. O’Brien (Chicago), Grant W. Rasmussen (Chicago)

Trinity Hunt launches landscaping platform with acquisition of Landscape Endeavors

Deal Description: On May 21, Dallas private equity firm Trinity Hunt Partners said that it has formed Elevation Landscape Group, a commercial landscaping platform. The formation was followed with Elevation’s acquisition of Landscape Endeavors, a commercial and residential landscaping operation, based in Colorado Springs, where Elevation will be based. Terms weren’t disclosed. Trinity Hunt Partners aims to replicate the success it had growing Visterra Landscape Group in the eastern part of the country.

Kirkland & Ellis advised Trinity Hunt Partners with a team led by Dallas partner Thomas Laughlin. Brad Johnson, Kelly McConnell, Ben Samway and David Wheat also advised from Dallas with Jon B. Nelsen in Austin.

Trinity Hunt Outside Legal Counsel: Kirkland & Ellis

Lead Lawyer: Thomas Laughlin (Dallas)

Texas Lawyers: Brad Johnson (Dallas), Kelly McConnell (Dallas), Ben Samway (Dallas), David Wheat (Dallas), Jon B. Nelsen (Austin).

Capital Markets/Credit

Gibson Dunn guides SpaceX on potentially record‑shattering IPO

Deal Description: Elon Musk’s SpaceX filed a Form S-1 with the SEC on May 20 for the much-anticipated initial public offering that will most likely be the largest in the history of public stock markets that goes back at least to Philadelphia in 1790, or maybe under a tree on Wall St. in 1792, and possibly even as far back as Amsterdam in 1602. This IPO, thus far unpriced, is projected to be more than three times larger than the $25.6 billion raised Saudi Aramco in 2019 and the $21.8 billion raised by Alibaba in its 2018 IPO. Based in Starbase, in the southernmost past of the Lone Star State, SpaceX is advised by Gibson, Dunn & Crutcher capital markets partners George Sampas in New York and Hillary Holmes, Harrison Tucker and Atma Kabad in Houston. Davis Polk is advising the underwriters. Click here for The Lawbook’s coveage.

Par Pacific Holdings boosts Wells Fargo revolving credit line to $1.8B

Deal Description: Par Pacific Holdings announced on May 14 that it increased an asset-based revolving credit facility with Wells Fargo Bank to $1.8 billion. The Houston energy company said the credit is guaranteed by assets of its Par Petroleum unit that recently issued $500 million of notes in a private placement. The company used cash and proceeds from the transactions to repay and terminate a Par Petroleum term loan due 2030. 

Par Pacific Outside Legal Counsel: Baker Botts

Baker Botts Lead Lawyer: Clint Culpepper (Austin/Houston)

Texas Lawyers: Madeline McCune (Houston), Adrienne Murr (Houston), Tessa Driver (Houston),
Jordan Hahn (Dallas), Meaghan Christner (Houston), Louis Layrisson (Houston)

Elsewhere: Matthew Fusina (Washington D.C.), Tyler Kendler (Washington D.C.)

DP Red River issues $850M of notes in private placement

Deal Description: DP Red River, a unit of Birmingham, Ala.-based Diversified Energy, said on May 13 that it privately issued $590 million of 6.016 percent notes due 2046 and $260 million of 6.91 percent  notes due 2046. The upstream oil and gas company plans to use proceeds to repay notes due 2038. DP Red River operates in the Western Anadarko Basin of Texas and Oklahoma.

Diversified Energy Outside Legal Counsel: Haynes Boone

Haynes Boone Lead Lawyers: Jeremy Kennedy (Houston), Kim Mai (Houston), Roy Schwartz (Houston)

Texas Lawyers: John Craven (Houston), Reem Abdelrazik (Houston), Camie Carlock McKee (Dallas), Liz Felicidario (Houston), Will Johnson (Houston), Adrienne Webb (Houston), Ashleigh Gibbs (Houston), Ken Kattner (Houston/New York), David Staab (Dallas/Fort Worth)

Elsewhere: Andy Robertson (New York), Sam Lichtman (New York), Don Shiman (New York), Rachel Hass Reinus (Orange County)

GSR V Acquisition Corp. nets $230M in SPAC IPO

Deal Description: GSR V Acquisition Corp. announced on May 15 that its initial public offering of 23 million units priced at $10 each. The SPAC said each unit consists of one of the common share and one-seventh of one right with a whole right entitling the holder to one common share upon the consummation of an initial business combination. The units are listed on Nasdaq and began trading under the ticker symbol “GSRVU” on May 14.

Underwriters: Polaris Advisory Partners and The Benchmark Co. (joint bookrunners)

Polaris Advisory Partners Outside Legal Counsel: O’Melveny

O’Melveny Lead Lawyers: James R. Brown (Houston), Doug Lionberger (Houston/New York), Daniel Kim (Seoul), Keith Turner (Houston)

Breeze Acquisition Corp. II nets $140M in IPO after over-allotment option

Deal Description: Breeze Acquisition Corp. II said on May 15 that underwriters exercised an over-allotment option for 1.5 million units at $10 each, bringing its initial public offering to 14 million units. The Irving-based SPAC said each unit includes one share and one right that entitles the holder to one-fifth of one ordinary share upon close of an initial business combination. The units began trading on Nasdaq under symbol “BREZU” on May 13.

Underwriters: IB Capital LLC and I-Bankers Securities (book-running managers)

Underwriters Outside Legal Counsel: A&O Shearman

A&O Shearman Lead Lawyers: Bill Nelson (Houston), Taylor Landry (Houston)

Texas Lawyers: John Menke (Houston), Justin Higdon (Houston), Paul Gerstle (Houston)

Elsewhere: Kazumasa Watanabe (New York)

Late Arrivals and Other Matters …

On May 1, Zayo Group Holdings, a private, Denver-based digital infrastructure provider, said that it closed the acquisition of Crown Castle’s fiber network business for $3.7 billion that was first announced in May 2025. Crown Castle is a Houston-based shared communication infrastructure company. Zayo said the acquisition further scales its fiber networks, “strengthening the digital infrastructure backbone for the next wave of AI growth,” by adding about 90,000 route miles and 40,000 on-net enterprise locations to Zayo’s network. Jones Day represented Zayo led by J. Bruce McDonald from Houston.

On May 4, Midland-based Viper Energy said it agreed to acquire Riverbend Oil & Gas IX for $337 million cash and about 3.7 million common shares. Viper said the acquired assets include about 3,064 acres, evenly split between the Midland and Delaware Basins. The company expects to close the deal early in the third quarter. Latham & Watkins represented Viper with a team lead by Chris Heasley and Ryan Lynch in Houston and Zach Podolsky in New York. Jay Harper, ​Emily Brown, Graysen Mechler, Tim Fenn and Christopher Garza also advised from Houston with Emily Johnson in New York.

Haynes Boone said on May 20 that its restructuring team advised LYCRA Co. on a court-approved Chapter 11 plan that will eliminate about $1.2 billion in debt for the spandex and specialty fiber manufacturer. Haynes Boone served as co-counsel with London-based Magic Circle law firm Linklaters LLP. The Haynes Boone team was led by Arsalan Muhammad in Houston. Partners Tiffany Cooke, who works from Denver and Dallas, Charles A. Beckham Jr., who works from Houston, New York and San Antonio, and Kenric Kattner with offices in Houston and New York also advised with support from Kourtney Lyda in Houston and David Staab in Dallas/Fort Worth. Houston Associates Imaan Patel and Adam Schmit, and New York Associate Lauren Sisson also provided counsel.