Over the last few years, this space has seen more than a few deals involving Morgan Lewis Houston partner Jeff Dinerstein and his client Park Lawn, Inc., the Toronto-based purveyor of funerals, cremations and such. With the news this week that Park Lawn has agreed to be acquired for $1.2 billion, the CDT Roundup decided to review a few of Dinerstein’s deals. And, of course, we include the usual summary of the lawyers and firms behind transactions reported last week.
CDT Roundup: 12 Deals, 11 Firms, 147 Lawyers, $34.5B
The ongoing once-in-a-generation wave of oil & gas consolidation has gained serious momentum, as witnessed by the $22.5 billion merger agreement reached last week between ConocoPhillips and Marathon Oil. What’s driving it? The Roundup’s Claire Poole tops off her weekly summary of Texas-related dealmaking with a roundup of factors behind the recent proliferation of big energy deals, and takes a bonus look at the prospect that they could lead to more.
Waste Management Picks up Stericycle for $7.2B
The garbage giant tapped Vinson & Elkins and Baker Botts and the target used Latham & Watkins. The deal is expected to broaden the scope of the Houston-based buyer’s service offerings.
CDT Roundup: 13 Deals, 15 Firms, 171 Lawyers, $9.7B
We’re more used to writing about semiconductor chips than corn chips, but this week the CDT has the pleasure of highlighting the ones you stick in salsa. Yes, it’s a PE deal involving one of our favorites, And you can enjoy it alongside our usual review of last week’s dealmaking.
Energy Transfer Snares WTG Midstream for $3.25B
V&E advised Energy Transfer and Sidley assisted private equity-backed WTG on the deal, which expands the buyer’s natural gas pipeline and processing network in the Permian Basin.
CDT Roundup: 11 Deals, 11 Firms, 173 Lawyers, $5.5B
While the oil and gas business remains the endoskeleton of the Texas economy, oil and gas are currently living divergent performance experiences. Oil is experiencing boom times; natural gas, not so much. In such a market the semi-annual Haynes Boone borrowing base and price deck surveys can offer a valuable lenders’-eye view of the immediate future. The CDT Roundup mines the latest data, along with the usual survey of last week’s Texas-related deals.
Crescent Captures SilverBow Resources for $2.1B
Vinson & Elkins counseled Crescent, which counts KKR as a major investor, and Gibson Dunn advised SilverBow on the deal, which builds scale in South Texas’ Eagle Ford shale.
CDT Roundup: 22 Deals, 14 Firms, 227 Lawyers, $14.9B
The $6.2 billion take-private sale of Minnesota utility Allete to a joint venture of the Canada Pension Plan Investment Board and Global Infrastructure Partners would be noteworthy if just for the price tag alone. But a closer look reveals a common bond among the lawyers involved that graduates from noteworthy to extraordinary. The Roundup’s Claire Poole takes that closer look, along with her usual list of Texas-related transactions reported last week.
CDT Roundup: 13 Deals, 9 Firms, 87 Lawyers, $3.1B
If you happen upon a bank transaction in Texas (or even if it’s not in Texas) there are a couple of lawyers you figure know something about it: Sandy Brown at Alston & Bird in Dallas and Chet Fenimore at Fenimore Kay Harrison in Austin. So, when Texas Dow Employees Credit Union announced its purchase of Sabine State Bank, The Roundup turned to them. Turns out, one of them was involved. CDT notes on that involvement, as well as the work of 87 lawyers who advised on deals last week.
Allete Agrees to $6.2B Buyout by CPPIB, GIP
Kirkland & Ellis counseled the acquiring consortium with a team led by corporate partners Melissa Kalka, Emily Lichtenheld and Andy Calder.