Akin represented the buyer and Kirkland the sellers in something of a strategic departure for Viper.
CDT Roundup: 14 Deals, 6 Firms, 92 Lawyers, $2.5B
Clay Brett arrived in May at the Houston offices of Baker Botts with a deep résumé: partner and GC at a private investment firm, Willkie and Bracewell alum. Since then he’s been busy. Very busy. In a Q&A with the Lawbook’s Claire Poole, Brett describes his decision to join Baker Botts, the bifurcated presence (long and short) of private equity in the energy spaces and dealmaking the energy storage space. That, along with the usual list of deals and fundings reported by Texas lawyers last week.
Energy/Infra Lawyer Purohit Leaves Latham for Paul Weiss
Ravi Purohit becomes co-head of Paul Weiss’s infrastructure practice. There has been speculation that Paul Weiss is planning to open a Houston office and has been out trying to recruit lawyers.
CDT Roundup: 17 Deals, 13 Firms, 202 Lawyers, $12.2B
The heat is on in Texas, in more ways than one. It’s no secret that record summer temperatures have tested the durability of the state’s electric grid; but lesser known is its growing dependence on alternative energy transmissions to meet this year’s extraordinary demand. Wind and solar, however, are only as dependable as the ability to store the energy they produce, and the CDT Roundup this week looks at the growing number of deals involving utility-scale battery storage sector which have, if you’ll pardon the expression, become very hot.
King & Spalding Grabs M&A Attorney Mitch Tiras
The lawyer, who spent 26 years at Locke Lord, has been busy on the deals front this year.
CDT Roundup: 19 Deals, 13 Firms, 213 Lawyers, $11.5B
Who are the leading law firms in global M&A? Not necessarily who you thought they were. This week’s CDT Roundup features the top-ranked M&A firms in a recent PitchBook list for Q2. There’s that, and the usual listing of Texas deals reported last week, led by three deals of more than $1 billion, including a $7.2 billion bolt-on acquisition by Energy Transfer.
Permian Resources Buys Earthstone for $4.5B
Kirkland counseled the buyer and V&E advised the seller in what’s being billed as creating a $14 billion oil and gas explorer and producer in the Delaware Basin.
Energy Transfer Scoops Up Crestwood for $7.1B in Stock
Kirkland counseled the buyer and V&E the seller in a combination that analysts say makes strategic sense.
CDT Roundup: 19 Deals, 13 Firms, 184 Lawyers, $9.7B
Of course, having noted the continued primacy of the energy industry in Texas dealmaking of late, we hit a week when there are none. Moreover, capital markets came roaring back last week with a dozen deals reported, the most reported for a single week in more than two years. Claire Poole takes a closer look at those deals and the lawyers behind them this week in the CDT Roundup.
Weil Poaches Energy Deal Lawyer from Skadden
Cody Carper, who focuses on complex energy and infrastructure transactions, has counseled Macpherson Energy, North Hudson Resources, Samson Energy, Contango Oil & Gas and Southwestern Energy on deals.