Dallas finance lawyers from Sidley counseled IGT, which plans on using a big chunk of the proceeds to reduce debt and focus on its lottery business.
CDT Roundup: 19 Deals, 12 Firms, 248 Lawyers, $16.4B
Before Houston-based Intuitive Machines landed the first privately funded craft on the moon, they landed a merger partner and a major investor with the help of the Houston office of Latham & Watkins. This week, The Roundup looks back at those deals and the lawyers who worked on them — along with the $16 billion in Texas-related deals reported last week.
Chord Scoops Up Enerplus for $4.2B
Vinson & Elkins advised Chord and Latham & Watkins assisted Enerplus, a combination that analysts say will create a more formidable, acquisitive Williston-focused explorer and producer.
CenterPoint Sheds Natural Gas Assets to Bernhard Capital for $1.2B
Latham advised CenterPoint and Kirkland assisted Bernhard on the transaction, which is part of a broader trend by utilities disposing of their unregulated businesses.
CDT Roundup: 26 Deals, 14 Firms, 196 Lawyers, $10.8B
VC M&A has suffered from the same statis markets as any other kind of M&A. But it’s been a while since the CDT Roundup has focused on startups, so this is the week. With the help of PitchBook, The Lawbook’s Claire Poole takes a look at what those in the industry are predicting for the coming year. Are non-SPAC IPOs making a comeback? That, and a look at a rather raucous week of 26 pretty disparate deals and the lawyers who worked on them.
Diamondback, Endeavor Energy Merge in $26B Transaction
Paul Weiss and Vinson & Elkins counseled the privately owned Endeavor, whose 85-year-old founder has been considering selling.
California Resources Buys Aera Energy for $2.1B
Latham & Watkins lawyers in New York and Houston counseled Aera’s owners IKAV and Canada Pension Plan Investment Board on the deal, which will enhance CRC’s scale across both the upstream and carbon management businesses.
Berry Spins Off Unit, Merges with Glatfelter in $3.6B Combination
A Houston deal team from King & Spalding counseled Glatfelter on the transaction, which is expected to bring Berry $1 billion in proceeds to repay debt.
CDT Roundup: 12 Deals, 18 Firms, 125 Lawyers, $8.4B
The term “cautious optimism” may be about as cautious (and as literal) as you can get when it comes to M&A in 2024. But a survey of 200 multinational executives by Mergermarket and Norton Rose Fulbright suggests just that, even though nearly six in ten say their own appetite for M&A is likely to increase over the coming year. In fact, one in four say the overall market is likely to increase significantly. The Roundup’s Claire Poole returns this week with a detailed examination of the report, along with the usual look at recently reported deals that involved Texas firms and Texas lawyers.
Dealmaker Jay Hughes Leaves Willkie to Return to McGuireWoods
The M&A attorney has worked on transactions primarily in the energy sector, including representing private equity firms on deals.