In what comes as no surprise, global M&A activity continued to surge in the first quarter of 2021 – and SPACs and private equity buyouts are some of the key talking points. A little closer to home, Texas dealmakers had a slower week this time around in the latest installment of the Corporate Deal Tracker roundup.
Things may be looking up – if only slightly – as producers, lenders, private equity firms and others chime in on the state of borrowing bases and more as part of Haynes and Boone’s semi-annual energy reports.
Akin Gump has added two transaction lawyers that previously held leadership roles at Thompson & Knight and have deep ties to North Texas’ energy community.
A publicly traded company, some of the most in-demand assets in the Permian Basin, and a little more than a week to move from an indication of interest to a purchase agreement: Those are just some of the variables in Pioneer’s $6.4 billion plans to purchase DoublePoint Energy. Gibson Dunn’s Mike Darden, who advised Pioneer, detailed the timeline and more in an interview with The Texas Lawbook.
Pioneer Natural Resources is once again strengthening its hold in the Permian Basin with the $6.4 billion acquisition of a Fort Worth-based company.
McGuireWoods is adding a partner with experience advising in transactions as they pertain to private equity funds, portfolio companies, independent sponsors and family offices.
The four new partners bring a breadth of experience in private-equity and middle-market transactions, in addition to business tax counseling.