In addition to its usual fare, the CDT Roundup this week includes a quarterly accounting of the volume and value of deals Texas firms reported to us during the first 13 weeks of 2024. It turns out we’ve logged a lot of lawyer names. We have that number, too.
CDT Roundup: 13 Deals, 9 Firms, 76 Lawyers, $9B
The Roundup swings its spotlight in a different direction this week to focus on the fund formation world and a young lawyer to be reckoned with, Simpson Thacher partner Linda Tieh. The Harvard-trained lawyer earned her undergrad degree from the University of Texas, holds bar cards in New York and Texas and finds herself front and center in some of the largest and most complicated deals we cover, including our largest transaction this week. Claire Poole has more on Tieh’s remarkable resume of transactions, as well as the usual summary of last week’s deals.
Prysmian Picks up Encore Wire for $4.1B
The McKinney, Texas-based target is expected to expand the Italian cable maker further into North America. O’Melveny, with a group including Dallas attorneys, advised Encore Wire on the deal.
Energy Finance Lawyer Leaves White & Case for V&E
Mark Holmes is known for counseling sponsors, borrowers and lenders leading project and leveraged finance transactions across traditional and emerging energy and infrastructure sectors.
CDT Roundup: 23 Deals, 14 Firms, 222 Lawyers, $22.6B
We know it’s routine for to push some older deals our way at the end of each quarter. Here at the CDT Roundup we sometimes imagine firms pulling out pockets and searching under seat cushions for league table qualifiers they might have missed. But sometimes in the late-arriving flotsam we find deal work worthy of mention, even though it has appeared on our doorstep a tad late. Such is the case of Justin Hoffman, a partner at Winston & Strawn in Houston, whose work leading more than a few capital markets transactions attracted our attention. We look at a few of those deals and a take in a few observations about his practice along with the usual summaries of last week’s transactions and the lawyers behind them.
SLB Scoops Up ChampionX for $7.7B
Latham & Watkins was the main outside counsel advising SLB while Weil assisted ChampionX. The combination is expected to expand SLB’s presence in the less cyclical and growing production and recovery space.
CDT Roundup: 12 Deals, 8 Firms, 136 Lawyers, $9.3B
The end of Q1 this week suggests a healthy M&A market during the opening round of 2024, with deal volumes rising globally by 26 percent, with the U.S. volumes even high and topping the $400 billion value mark, according to data from Dealogic. Claire Poole examines the deals behind the data in this week’s CDT Roundup and reviews the Easter week action on the Texas M&A front.
CDT Roundup: 18 Deals, 17 Firms, 266 Lawyers, $5.5B
It was an unusual week for M&A, especially energy deals. Not just for the fact that there were so many of them, but for the fact that the flavor of the week was oilfield services. Claire Poole caught up with Gibson partner Gerry Spedale, who led the biggest deal reported last week for his longtime client Dril-Quip, a $1.5 billion merger agreement with Innovex Downhole Solutions. He shared a few insights on what is making energy M&A so attractive these days — and she shares her usual list of Texas-related deals.
CDT Roundup: 23 Deals, 21 Firms, 218 Lawyers, $4.7B
When watching the M&A markets it’s easy to become fixated on billion-dollar deals. But the bread-and-butter transactions of a truly healthy market lie in the middle. Having looked at the high-end last week, the CDT Roundup this week checks out Citizens Financial’s 13th annual survey of CEOs, CFOs and private equity principals which found them warming up to what they see as an economy free of the kind of headwinds that have chilled expectations in recent years. And the data suggests a surge may be in the making as 8 in 10 PE firms see themselves as stronger buyers than they were in 2023. Claire Poole has the particulars along with the usual summary of Texas-related deal activity last week.
EQT Brings Equitrans Back into Fold for $5.5B in Stock
Kirkland advised EQT and Latham assisted Equitrans on the combination, which would create a top vertically integrated natural gas business in the Appalachian region with an initial enterprise value of more than $35 billion.