Most alternative investors are sticking to their long-term plans despite the coronavirus, although they differ on when business will return to normal, while deal flow involving Texas lawyers continues to trend upward.
The capital markets continued to provide more solid companies with the cash they need to keep going through the coronavirus pandemic.
Three large capital markets transactions – plus last week’s $3.2 billion in funding from the federal government – bring the Dallas airline’s total cash haul to more than $9 billion.
The impact of the coronavirus on pending transactions may be overstated, according to one law firm, while new deals involving Texas lawyers slumped last week. Claire Poole reports.
Blame the oil and gas industry, which even before the market collapse had difficulty attracting funding given its out-of-favor status on Wall Street.
Houlihan Lokey ranked-one in deal count, handling 11 transactions in the state. Claire Poole reports on the latest exclusive Mergermarket numbers.
Last week was a big one for capital markets transactions, in spite of…well, everything. M&A? Not so much. In her weekly CDT Roundup, Claire Poole has names and numbers for the deals that kept Texas lawyers busy while they WFH.
The move returns the Blank Rome attorney to his former firm, where he last served as counsel.
Deals are being terminated or renegotiated all over the place due to the coronavirus and fallen oil prices, with one seller in Texas taking a 30% haircut. Meanwhile, deal activity among Texas lawyers is beginning to slide with no letup in sight.
UPDATED The attorney specializes in private equity financings and debt restructurings in the energy industry, including special and distressed situations.