Eversheds Sutherland Names Phyllis Young Head of Texas Finance
Eversheds Sutherland named Phyllis Y. Young partner and head of the multinational firm’s Texas finance team within its U.S. Finance Practice Group.
CDT Roundup: Thirteen Deals, One Theme? Energy Still Rules
For the week ended March 14, the CDT Roundup saw 13 deals reported — same as the week prior and the same as this time last year. The reported values were different, ranging from $5.9 billion last week, down from $48.1 billion during the prior week and $13.7 billion last year. The bump in value in our last report derived from BlackRock's $33 billion take-private deal of AES. There was nothing of that magnitude this week.
There was, however, plenty of energy represented.
Clifford Chance Taps Alexandra Wilde to Lead Houston Office
Clifford Chance named Alexandra Wilde the Office Managing Partner in Houston, as the Magic Circle law firm continues investing in the nation’s fourth-largest city.
Wilde joined the firm after more than a decade at Jones Day in Dallas, as one of the first partners in the Houston office in 2023.
Gibson Dunn Advises Exxon As Energy Giant Looks To Reincorporate in Texas
ExxonMobil announced Tuesday that its board seeks shareholder approval to change the company’s legal permanent home to Texas from New Jersey.
Gibson Dunn advised the company with a team led by Houston partners Gerry Spedale, Hillary Holmes and Tull Florey, as well as Washington, D.C., partner Ronald Mueller. Jeff Taylor is Exxon's general counsel.
Shell Sells Jiffy Lube to PE Firm for $1.3B
Pennzoil Quaker State, the lubricants business of Shell USA, announced Monday an agreement to sell Jiffy Lube International to an affiliate of middle-market private equity firm Monomoy Capital Partners for $1.3 billion. Kirkland & Ellis provided counsel to Monomoy. Travis Torrence is head of legal for Shell USA.
AI Arms Race, Digital Infrastructure Revolution, Middle Market Producing M&A Super Cycle
The rapid expansion of AI is creating a “super cycle” in data centers, combining headline megadeals with a powerful but less visible middle‑market M&A surge in specialized infrastructure and services. Investors are racing to build and acquire hyperscale facilities, while private equity sponsors increasingly target mission‑critical providers in areas such as cooling, electrical, HVAC, plumbing and more to keep data centers humming around the clock. Legal advisors and their financial counterparts report increasingly sophisticated deal structures (and widely available capital) to support expansion and acquisitions.
CDT Roundup: Biopharma, Logistics and a $33B Take-Private Power Deal
For the week ended March 7, the CDT Roundup saw 13 deals with a total reported value of about $48.1 billion. Thanks to a $33.4 billion take-private deal for yet another power provider, that's better than the 11-deal $7.3 billion clocked the week prior. And it's far better than the seven-deal $2.2 billion week reported this time last year. That and more in this edition of CDT Roundup.
Paul Weiss Adds Another Kirkland Veteran to New and Growing Houston Office
Paul Weiss is adding an energy infrastructure partner to its new Houston office as Jennifer Gasser joins the Wall Street firm’s M&A Group within the Corporate Department.
Gasser comes to the growing Paul Weiss Houston office from Kirkland & Ellis. She advises private equity sponsors and public companies in the energy and infrastructure industries on mergers and acquisitions, divestitures and joint ventures.
Thoma Bravo Acquires Dallas Parcel and Freight Logistics Firm WWEX Group
Chicago tech investment firm Thoma Bravo said Tuesday that it agreed to acquire WWEX Group, a parcel and freight services logistics provider headquartered in Dallas. Financial terms weren’t disclosed. Bloomberg reports that the deal values WWEX at $5 billion.
Kirkland & Ellis and Latham & Watkins advised on the deal.
BlackRock Unit and Others Taking AES Corp. Private for $15/Share Cash
AES Corp. has agreed to be acquired by a consortium that includes a BlackRock unit, Swedish investor EQT Group, CalPERS and the Qatar Investment Authority for $15 a share cash. The companies said the offer represents a 40 percent premium to AES Corp.'s 30-day average stock price prior to July 8 when the deal was first announced.
Kirkland, Skadden, Davis Polk and Simpson Thacher advised on the deal.