DigitalBridge, Crestview to Take Colorado Broadband Company Private for $1.5B
Simpson Thacher, Wachtell and Davis Polk advised the parties on the transaction which takes private the regional internet, cable and telecommunications provider.
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Simpson Thacher, Wachtell and Davis Polk advised the parties on the transaction which takes private the regional internet, cable and telecommunications provider.
The week ending Aug. 9 was a strong one by any measure: 19 deals for $16 billion. It follows 17 deals at $19 billion the week prior and compares very favorably with 20 deals for $12 billion this time last year. There were, of course, a healthy number involving data centers or data center infrastructure. Those will be moving the dial for a while. But the word that best describes the week is "wrinkled." Because there were lots of wrinkles. That and more in this edition of CDT Roundup.
Vinson & Elkins and Gibson Dunn advised on the deal, which extends Western Midstream's reach for critical water resources into Eastern New Mexico.
Two major energy companies announced earnings Wednesday and both revealed upstream deal activity valued at more than $2 billion. ConocoPhillips announced a $1.3 billion sale of assets in the Anadarko Basin, which was advised by Haynes Boone.
The week ending Aug. 2 saw 17 transactions reporting values of $19 billion. You can compare that to last week's 15 deals for $3 billion or the 26 deals for $16 billion we reported this time last year. The news this week is the same news last week: It's all about AI infrastructure. The good news is that even those deals cut a healthy swath across emerging data-related business sectors. That and more in this edition of CDT Roundup.
Marking their first investment in a $50 billion joint venture campaign announced last year, Energy Capital Partners and KKR said Friday they are investing $4 billion into the development of a data center campus in Bosque County, about 75 miles southwest of Fort Worth. Kirkland & Ellis advised on the JV.
MPLX said Friday it has agreed to pay $2.375 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian Basin. Latham & Watkins advised Five Points on the transaction.
Seeking to expand its presence in the surge of data center development, Quanta Services, a Houston-based platform for industrial energy and power services, announced Thursday the completion of its acquisition of mechanical and plumbing specialists Dynamics Services for $1.35 billion. King & Spalding advised on the deal.
The week ending July 26 saw 15 transactions for just over $3 billion, which doesn't sound like much. The volume is akin to the week before, in which 14 deals were reported for $6 billion. But both pale against the 19 transactions for $16.4 billion reported last year. The plain truth is that transactions in M&A dwindled in Q2 and have stayed dwindled in the first few weeks of Q3. But take heart; Q2 was the weakest quarter in Texas M&A deals last year and the year before. But there was plenty of diversity in the mix.
The week ending July 18 saw 14 deals for $6 billion dollars. The week prior saw 15 deals for $13 billion and there were 15 deals for $16 billion reported during the same week last year. But consider the actual deals and you begin to sense a difference: a $25 billion data center deal that probably will be but really isn't yet; a flurry of placements aimed at flipping the switch on crypto assets; an IPO for a Japanese AI-driven HR platform whose goal is to be a lawyer.
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