San Antonio Utility Buys Four Natural Gas Plants for $1.4B
CPS Energy agreed to acquire four natural gas powered electricity generation facilities in Texas for nearly $1.4 billion from PROENERGY. Dykema and Latham & Watkins are advising on the deal.
Keurig Dr Pepper Turns to Paul Weiss to Lead $18.4B Deal for JDE Peet’s
Paul Weiss Rifkind Wharton & Garrison served as lead counsel for Keurig Dr Pepper in its landmark $18.4 billion acquisition of Dutch coffee giant JDE Peet’s, alongside the in-house lawyers of KDP's team. Paul Weiss continues to be a central legal adviser in high-profile Texas transactions, even as it eyes its first office in the state. A&O Shearman advised JDE Peet's.
Clark Hill Adds Estate Planning Pro
Clark Hill recently added Jason McCuiston as a member to its tax and estate planning group in the Collin County office.
Bradley Adds Another Partner in Dallas
Bradley Arant Boult Cummings named Jeffrey M. Harvey partner in its corporate and securities practice group in Dallas.
Brookfield Acquires 19.7% Stake in Duke Energy Florida for $6B
Global investment firm Brookfield Asset Management acquired a 19.7 percent stake in Duke Energy Florida for $6 billion. The utility plans to use proceeds to further its energy modernization strategy and reduce debt. Kirkland & Ellis and Skadden Arps advised.
Baker Hughes to Buy Chart Industries in $13.6B All-Cash Deal
Baker Hughes said on Tuesday it has agreed to acquire Chart Industries for $210 a share in cash, or about $13.6 billion, as the Houston energy technology company furthers its expansion in liquified natural gas and data centers. Also Tuesday, Irving-based Flowserve Corp. said it terminated its offer to acquire Chart because the Baker Hughes offer is a “superior proposal.”
Veteran Houston Partner Jumps from Latham to Simpson
Bryce Kaufman spent nearly 12 years in the Houston offices of Latham, specializing in multilayered financial transactions. He joins Simpson Thacher's growing Houston office to focus on energy and infrastructure to help clients seeking financing solutions.
Skadden Hires Two M&A Partners from White & Case
Skadden has added two oil and gas veterans to its M&A team in Houston. In a news release Monday, the firm said Mingda Zhao and Emery Choi will advise energy and infrastructure clients, as well as private equity funds on mergers and acquisitions, joint ventures, investments and other energy transactions.
Weil Advises PE Firm in Selling Stake as Part of $1.2B Deal
PSG Equity said it completed the sale of a minority stake in SevenRooms on June 16 to DoorDash as part of the food delivery service’s $1.2 billion acquisition of the customer relationship management technology company. Weil acted as legal counsel to PSG, with David Gail leading the transaction from Dallas. Madeleine Carpenter, an associate in Weil’s Dallas office, was also on the team.
Hines’ Richard Heaton ‘Listens But Does Not Hesitate’
To build a global group of lawyers from the ground up, a leader needs to communicate clearly about the culture being created while also earning the trust of business partners and scaling the function across geographies and practice types. In a dozen years at Hines, the private, Houston-based real estate investment giant, Chief Legal and Compliance Officer Richard Heaton has done just that by recruiting and training lawyers to work as one team across the 30 countries where the company operates. The Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook congratulate Heaton for being selected as one of two finalists for the 2025 Houston General Counsel of the Year Award. The awards ceremony is set for May 22 at the Four Seasons downtown.