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Houston-based Targa Resources Corp. announced Tuesday that it agreed to sell 45 percent of North Dakota unit Targa Badlands to funds managed by GSO Capital Partners and Blackstone Tactical Opportunities for $1.6 billion in cash. Claire Poole has the details.
Ivana Rouse is Latham's third lateral partner hire in Houston this year. She will be a partner in the firm's corporate department and a member of the investment funds practice.
Should the M&A market be preparing for a slow start to 2019? The data crunchers at Interlinks think so. They project first half growth of only 5 percent over H1 2018. Claire Poole explains their reasoning in her weekly CDT Roundup.
Merger and acquisition activity usually starts out the year slowly and then builds. Bloomberg has reported that last month was the best January for deals globally since 2000 with $275 billion worth of transactions. So if past patterns hold, 2019 could be a very big year for dealmaking. Claire Poole explains in her weekly CDT Roundup.
Latham & Watkins announced that it hired midstream-focused corporate M&A attorney Jonathan Castelan from Kirkland & Ellis' Houston office.
Barclays and Goldman Sachs top the 2018 league tables for investment banks advising on Texas deals. But the real story in exclusive Mergermarket data provided to The Texas Lawbook may be the trend toward fewer but bigger deals in the state and elsewhere. Claire Poole explains.
Blackstone Infrastructure Partners is acquiring a controlling interest in Tallgrass Energy for $3.3 billion. The purchase shows that private investors continue to have strong interest in the oil and gas industry despite lower commodity prices, particularly in the infrastructure part of the sector. Claire Poole reveals the names of lawyers and firms involved.
Mid-sized private equity deals were at record levels last year: up in volume by 15.1 percent and in value by 14.8 percent. But capital raised slipped a bit and the number of funds dropped more than 20 percent. Does that mean a mid-market slow-down is coming? Maybe not. Visible optimism still rules the markets, as Claire Poole explains.
David Lowery, who spent 37 years at Jones Day in Dallas, has left the firm and is now general counsel of Mill Creek Residential Trust, an apartment developer, acquirer and operator.
Last year, 2018, was a good one for M&A. The deal count, a 12-year high, may have been the highest for Texas companies ever. The value of those deals was the second-best since 2007. But a sluggish fourth quarter gives pause for the new year, one that a Mergermarket expert describes as big dealmaking "in search of a catalyst." Claire Poole explains.
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