The SPAC market’s hot streak continues with a multibillion-dollar deal involving a blank-check firm helmed by Houston hospitality mogul and NBA team owner Tilman Fertitta. White & Case and Ropes & Gray are advising.
Latham Advises on Two $1B+ SPAC Deals
The two deals, part of a huge spate of SPACs advised by Latham involve business software and solar fintech. Caroline Evans has the names of the lawyers involved.
V&E, Latham, Mayer Advise on $2.6 Billion EV Charging SPAC Merger
EVgo, a Los Angeles-based electric vehicle charging outfit that opened its first-ever station in Texas in 2011, is set to go public through a merger with New York-listed blank-check firm Climate Change Crisis Real Impact I Acquisition. Proceeds from the deal will fund the company’s ambitious expansion plans.
Texas M&A: A Bottom-Heavy Market…For Now
When you’re looking at Mergermarket stats on deals by Texas companies or Corporate Deal Tracker stats on deals handled by Texas lawyers, 2020 looks pretty much the same: more than two-thirds of last year’s deals were worth less than $500 million.
Caroline Evans explains the significance of that fact.
CDT Roundup: 17 Deals, 13 Firms, 132 Lawyers, $6.8B
So, we have a new president, one who has telegraphed his intentions regarding hydrocarbons. Decarbonization is going to be a big deal. The Keystone XL pipeline apparently isn’t. Not only does it mark a break with the past, it may mark the point at which we recognized that lots of energy dollars had already moved on. In the CDT Roundup Caroline Evans explains.
Blackstone Deal Reunites Former Colleagues
The recent Blackstone investment in Dallas-based software provider ISN was satisfying to Bell Nunnally partner Larry Shosid. But maybe the most personally satisfying aspect of the deal was a chance to work with a former colleague: ISN general counsel Jim Skochdopole. Caroline Evans has the details.
CDT Roundup: 22 Deals, 14 Firms, 135 Lawyers, $6.8B
No getting around it: The nation remains on guard, with the potential for disturbances at all 50 statehouses this weekend. It is a time, says Caroline Evans, for personal reflection, even as the corporate world has already moved to act. Last week’s deals and more in the CDT Roundup.
Two New Fortress Deals for $2.1B Are Part of LNG Gas-To-Power Play
In addition to its $2.2 billion purchase of Hygo Energy Transition, New Fortress will also take over Golar’s master limited partnership Golar LNG Partners in a cash deal with an enterprise value of $1.9 billion and an equity value of $251 million. Caroline Evans names the lawyers examines the strategy behind the two deals.
Latham, Kirkland Advise on $1.6 Billion Electric Vehicle ArcLight SPAC Deal
Proterra, a California-based EV manufacturing company, announced Tuesday that it is going public through a merger with an Arclight SPAC. Lots of Texas lawyers were involved. Caroline Evans has all the details and all the names.
2020: Worst Year for Texas M&A Since 2011
What started out as a good year became a bad year but became a good year again. Mergermarket has the numbers, The Lawbook’s Caroline Evans has the details.
