The platform will be 80 percent owned by the private equity giant and 20 percent owned by the company, freeing up capital that can be used elsewhere.
CDT Roundup: 18 Deals, 13 Firms, 152 Lawyers, $8.6B
Vinson & Elkins is rocking what seems like a deal a day these days; sometimes two. Of late, Houston partner Steve Gill has been carrying the V&E banner for what sometimes seems like a firm cast of thousands. This week’s CDT Roundup spotlights a couple of his recent transactions, along with the other Texas lawyers who reported more than $8 billion in deals last week.
CDT Roundup: 15 Deals, 13 Firms, 146 Lawyers, $6.1B
Two Texas buddies from high school and college have made millions together in the oil & gas business under the name Double Eagle. In fact, they’re still making deals. The CDT Roundup details their latest venture, as well as the deals reported by Texas lawyers last week.
CDT Roundup: 17 Deals, 12 Firms, 228 Lawyers, $11.9B
Dealmaking is hard enough in the simplest of times. Try putting one together when you’re in the process of changing firms. Angela Olivarez did exactly that, pulling off a complex technology deal while switching from Willkie to O’Melveny. Read what she tells the CDT Roundup about the experience, along with the usual list of last week’s Texas-made deals.
Latham Aids Natgas Processor Lucid on Sale to Targa for $3.55B
V&E advised the buyer, who plans to fund the purchase using available cash and debt within its targeted leverage ratio.
V&E Counsels Hamm on $25B Bid to Take Continental Resources Private
The firm has long advised the company. Harold Hamm’s offer represents a nearly 10 percent premium over Continental’s closing price yesterday.
CDT Roundup: 17 Deals, 12 Firms, 123 Lawyers, $7.6B
With oil and gas prices high, older established fields are seeing a renaissance. That may explain recent deals involving North Dakota’s Williston Basin. This week’s CDT Roundup looks at what makes the Williston attractive, along with the firms and lawyers involved in deals there and elsewhere.
CDT Roundup: 9 Deals, 11 Firms, 86 Lawyers, $3.2B
Last week brought a surprise: James Chenoweth, one of the most active tax advisors in Texas M&A, left Gibson Dunn. The bigger surprise is where he went. The CDT Roundup has that, and the usual roster of the week’s Texas dealmakers.
TotalEnergies Buys Half of GIP’s stake in Clearway for $1.6B
The consideration includes giving the infrastructure fund a stake in SunPower. Texas lawyers from Latham advised on the deal.
CDT Roundup: 14 Deals, 12 Firms, 185 Lawyers, $7.3B
Last week saw something not seen for awhile: the IPO debut of an oilfield services company. The $288 million deal was a bit below target, but it may have signaled investor interest in something too often unfamiliar in the industry: capital discipline. The CDT Roundup has details on that deal, as well as the usual weekly deal rosters.