Energy Transfer Buys Vaquero Midstream for $2.6B
Energy Transfer said Vaquero has enough acreage to support another two trains that could boost capacity to about 1.2 billion cubic feet a day. Sidley repped ET and Willkie guided Vaquero on the deal.
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Jason compiles the weekly Corporate Deal Tracker Roundup and covers the dealmakers behind the deals.
Jason compiles the weekly Corporate Deal Tracker Roundup and covers the dealmakers behind the deals.
Energy Transfer said Vaquero has enough acreage to support another two trains that could boost capacity to about 1.2 billion cubic feet a day. Sidley repped ET and Willkie guided Vaquero on the deal.
The week ending Oct. 3 saw 14 deals valued at a bit over $4 billion, featuring the usual menu of power and infrastructure deals. It was a week without a banner transaction — made extraordinary by its adequacy in head-scratching times.
For the week ended Sept. 26, the CDT Roundup saw just seven deals reported with a combined value of just over $6.3 billion. There were no billion-dollar M&A transactions and more than half the deal value resided in CapM debt issues.
Given that summer is over and the close of Q3 is just days away, we were expecting more traffic.
Baker Botts said Mark Schlackman has counseled clients in conventional and renewable power deals, as well as midstream and downstream oil and gas transactions, and “has built a reputation for moving complex projects forward while keeping a client’s broader commercial objectives in view.”
Shan Khan has jumped to Greenberg Traurig after eight years at Kirkland & Ellis.
Of the 10 equity transactions reported last week, five were minority fundings, and the largest chunk of the week's transaction value derived from a revolving credit deal. It marked the fourth straight week when even the good numbers exude caution. Some would call that a trend.
Fern Han was previously at Simpson Thacher. She has advised on deals for EnCap Investments, Saudi Aramco, Arroyo Investors and Société Générale.
The firm said Stephen Olson, who joins from Gibson Dunn, enhances its private capital capabilities and his appointment continues the expansion of its national energy and infrastructure practice.
Jen Smith has joined Norton Rose Fulbright as a partner in the corporate, M&A and securities group in Austin after about five years at Latham & Watkins, where she helped that firm open its office in the Texas capital.
Last week was another light one, all around, with a total of six deals — five of them M&A/Funding — for a total of $3.3 billion. You know the gruel is thin when the main cause for celebration is the first capital markets transaction in three weeks.
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