Germany announced this week that it is halting certification of the Nord Stream 2 natural gas pipeline from Russia. Germany is Russia’s largest European market for their gas, so the move is not insignificant. But the move could have even broader significance for the new Texas alternative to alternative energy: LNG. The CDT Roundup explains, along with its weekly roll call of lawyers involved in what was the year’s best week thus far in M&A.
CDT Roundup: 12 Deals, 10 Firms, 73 Lawyers, $2.3B
According to a report by Bain, the consulting firm, healthcare M&A was up by 16% in 2021 by volume but also up by 44% in value. The same can be said in Texas where healthcare deals proved both plentiful and interesting. More on that and the transactions reported last week in this latest CDT Roundup.
CDT Roundup: 11 Deals, 8 Firms, 99 Lawyers, $2.5B
Texas M&A staged a comeback year in 2021 with some astonishing deal numbers. But behind those numbers lies some interesting changes in the business sectors that both gained and changed. Some are obvious, like healthcare and infrastructure; but some are not so obvious, like food. The CDT Roundup looks at some of those numbers and, in particular, one food deal that typifies several ways in which the food sector is changing, along with last week’s dealmaking and the firms involved.
M&A 2021: A Year Beyond ‘Even the Wildest Expectations’
Texas M&A boomed in Texas in 2021 — in value, in deal count and in ways that bode well for 2022. According to exclusive data from The Texas Lawbook’s Corporate Deal Tracker, each month of 2021 outperformed 2020 year-over-year. There were more deals at basically every level — for $1 million or $1 billion or beyond. Whether in energy or healthcare, construction or infrastructure, technology or transportation, it was a year that rebounded from the pandemic beyond the most optimistic expectations. The Lawbook has the numbers, the tables and the views of deal lawyers across the state of what was, from virtually any perspective, a very remarkable year.
CDT Roundup: 11 Deals, 12 Firms, 101 Lawyers, $3.9B
M&A in North America reached a record $2.7 trillion in 2021, according to PitchBook last week. Meanwhile deals in Texas kept apace with nearly a dozen. The CDT Roundup has all of them, and the lawyers involved.
CDT Roundup: 13 Deals, 10 Firms, 99 Lawyers, $5.1B
Upstream M&A values for oil and gas were up last year by 25% over 2020, a hopeful sign that energy production transactions are getting back to pre-Covid levels. However, gains in deal volume were slight. At the moment, 2022 seems set for continued deal flow, particularly in the mid-size markets. But beyond? The CDT Roundup has more on those numbers and a look at the lawyers who provided last week’s deals.
CDT Roundup: 12 Deals, 9 Firms, 155 Lawyers, $7.6B
2021 was a record year for private equity in the U.S. According to PitchBook stats there were 8,600 PE deals worth more than $1.2 trillion, waaay higher than even the previous record. The Roundup has more on the banner year, as well as last week’s reported transactions.
CDT Roundup: 13 Deals, 11 Firms, 102 Lawyers, $8.3B
The oil & gas sector may have lost cachet, but its importance to Texas is enduring. And projections for investment in O&G and LNG show that 2022 isn’t going to change that. That and the lawyers who moved last week’s deals in the CDT Roundup.
CDT Roundup: 9 Deals, 6 Firms, 50 Lawyers, $1.3B
By almost any measure, 2021 ended as a pretty good year. But of all the high spots, the most notable is the return of the IPO. Last year, there were more initial public offerings than from 2016 through 2019 combined. More on that and the final deals of the year in the CDT Roundup.
The Top 10 M&A Deals of 2021
If for nothing else, 2021 is going to be remembered as the year business wrenched itself out of the clutches of the coronavirus pandemic, or at least learned to live with it. So regardless of the numbers the simple return to a normal business climate is something to celebrate. Here are 10 M&A deals from the year just passed that the CDT Roundup thinks are significant, regardless of size.