Baker Botts, Latham Advise in NRG’s $3.6B Acquisition of Direct Energy
North American power company NRG announced Friday it is acquiring Houston-based Direct Energy. The deal extends the reach of NRGs retail power business well beyond Texas.
Jared Sine’s So Far, So Good, Very Remarkable Year
While the rest of us have been dodging disaster, Jared Sine has been having a very, very good year. After settling with Bumble, the chief legal officer for Match helped guide the company through a reverse-split from Barry Diller’s IAC. Even in the best of times, it’s a complicated transaction that requires intense attention, a firm sense of direction and lots of luck. But add to that an economic collapse and a global pandemic and you ... well, Sine explains what it took to The Texas Lawbook.
CDT Roundup: Six Deals, 5 Firms, 50 Lawyers, $1.98B
During a horrible stretch for traditional oil and gas transactions, there is one category of energy transactions that has been holding its own: renewables. And even under the mudslide of bankruptcies and recap transactions, it's hard not to notice that Texas lawyers are beginning to cash in.
V&E Leads Noble Energy’s Sale to Chevron
Houston-based Noble Energy GC Rachel Clingman chose Vinson & Elkins to lead the oil and gas company's sale to Chevron for $5 billion or $13 billion in enterprise value, which includes debt. Chevron hired lawyers at Paul Weiss and Shearman & Sterling as its legal advisors. This is the largest M&A deal in the Texas oil patch this year.
CDT Roundup: 11 Deals, 12 Firms, 75 Lawyers, $565.1M
With the transactional markets a mess, you might expect venture capital to be lagging. A new report by PitchBook suggests that your instincts are correct. This week's CDT Roundup has the details.
CDT Roundup: 10 Deals, 8 Firms, 98 Lawyers, $8.9B
This week's numbers may hold a glimpse of a foreseeable future: one full of DIP lending, consolidation, reshuffled credit, renewable energy and re-securitized debt.
1,160 Texas Law Firms Receive Pandemic Paycheck Protection
Updated to include lender details According to data released Monday by the U.S. Treasury Department, 1,160 Texas law firms applied for and received as much as $924 million total in ultimately forgivable loans from the Paycheck Protection Program. The Texas Lawbook has the entire list and it includes law firms from every corner of the state.
Texas Law Firm PPP Loans
The U.S. Treasury Department released this week the names of Texas businesses receiving loans under the Paycheck Protection Program voted by Congress in response to the COVID-19 pandemic. Among the
Kirkland-Dallas Involved In $2.65B Uber Acquisition of Postmates
Uber Technologies, which has sought to delay planned investments in Texas due to the COVID-19 pandemic, announced the acquisition of one of its home-delivery rivals. Allen Pusey has the details.
M&A Hits Lowest Mark Since 2009
UPDATED: Texas-headquartered dealmaking has plummeted to historic levels in 2020. The second quarter had only 89 deals, only one more than Q1 2009, at the nadir of the Great Recession. The Texas Lawbook has the numbers and they include a nearly 94% drop in year-over-year value from 2019.