Kirkland & Ellis advised Vista, which also used the firm when Apptio bought Cloudwiry and when Vista acquired Apptio itself.
CDT Roundup: 17 Deals, 15 Firms, 151 Lawyers, $5.9B
Three oil & gas deals moved last week totaling more than $4 billion. They involved Earthstone, Gibson Energy and Patterson-UTI. The apparent strategy behind each deal — not to mention their structure — suggests something different about O&G these days, as well as the current market. The Roundup this week takes a look at each of the deals, as well as the 151 lawyers behind who reported their role in transactions last week.
Blackstone Picks Up Interest in Indiana Electric Utility from NiSource for $2.15B
If FERC clears the transaction, NIPSCO will remain a part of NiSource, which will keep an 80.1 percent stake and continue operating the company. The terms of the deal implies a NIPSCO equity value of $10.8 billion. Latham advised Blackstone and McGuireWoods advised NiSource on the deal. Claire Poole has the details.
Civitas Enters Permian by Acquiring Assets from NGP-backed Hibernia, Tap Rock for $4.7B
Kirkland advised the publicly traded buyer, whose management has spoken about wanting to diversify its assets, and Baker Botts and V&E assisted the sellers, which were said to have wanted to shed their assets.
Patterson-UTI Buys NexTier for Almost $2B
Gibson Dunn advised the buyer while Kirkland assisted the seller in what’s being billed as a merger of equals worth $5.4 billion.
CDT Roundup: 19 Deals, 13 Firms, 118 Lawyers, $8.5B
Deals are down across the globe, according to Refinitiv. In the U.S. the view is a little more complicated. In Texas, it’s a lot more complicated — but in a good way. The CDT Roundup has the numbers for you to consider, along with the usual rundown of last week’s deals.
UPDATED: Dealmakers Leave Jones Day, Kirkland for Clifford Chance
The London-headquartered firm’s Houston office launch team of “at least 10 partners” is taking shape. Partners from Kirkland & Ellis and Jones Day are joining a roster that also includes dealmakers from Vinson & Elkins and Latham & Watkins.
CDT Roundup: 12 Deals, 12 Firms, 138 Lawyers, $6.1B
PureWest was sold last week for $1.84 billion to an unusual consortium of family offices and financial institutions. But you knew that because we wrote about the 67 lawyers at four different firms that worked on it. But PureWest has an interesting history that winds from Wyoming to Appalachia through a couple of bankruptcies and a couple of different names. The CDT Roundup recounts that history, along with a list of the lawyers and firms who reported their deals last week.
Clifford Chance Officially Hangs Shingle in Houston
The Texas Lawbook exclusively reported on Friday that Jonathan Castelan joined the Magic Circle firm from Latham & Watkins’ Houston office. Trevor Lavelle, a partner at Latham, will also be accompanying him.
Clifford Chance Lands Castelan
The energy M&A/infrastructure attorney worked on several deals for Latham, including counseling ExxonMobil and Chevron on projects.