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Yum! Brands has agreed to sell Pizza Hut to Connecticut private equity firm LongRange Capital for about $1.5 billion, with an earn-out option of $75 million by 2030, while Pizza Hut in mainland China will be acquired by Yum China Holdings for about $1.2 billion.
Sidley, Weil and Mayer Brown are serving as outside legal advisors.
For the week ended June 13, the CDT Roundup reported on ten deals with a disclosed value of $11 billion.
A year ago at this time, the Roundup reported on nine deals with a combined disclosed value of $478 million.
By far the largest deal of the week was a massive venture involving PE, a sovereign fund, a power provider and a major chipmaker. That and more in this edition of CDT Roundup.
Gibson, Dunn & Crutcher confirmed in a news release on Thursday afternoon that the firm is the lead counsel to SpaceX on its initial public offering set to price Friday and revealed the lawyers involved across the entire transaction. (Photo credit: Sharon Ferranti/Texas Lawbook)
David Aaronson is joining McGuireWoods as a partner in Houston as the firm continues to expand its energy M&A and finance practices.
For the week ended June 6, there were 14 deals reported to CDT Roundup with a combined disclosed value of about $9.5 billion.
That said, you might take note of the overabundance of material covered in our Late Arrivals and Other Matters section, as well as other deals in this week's edition.
Trent Bridges is joining Paul Weiss in Houston as a partner in the white-shoe firm’s M&A group. Bridges advises companies in energy and infrastructure projects with a focus on midstream oil and gas and has been practicing in Houston since September 2021.
Three AI-related deals. A soon-to-be-Japanese-owned digital infrastructure provider sopped up a major alternative energy investor. A Miami-based PE firm bought 10 data centers. You get the idea.
For the week ended May 30, the CDT Roundup reported on 14 transactions valued at a nearly $19.9 billion.
That falls short of last week's 15 deals for $75 billion, but within shouting distance of the 19 transactions valued at $23 billion at this time last year.
That and more in this edition of CDT Roundup.
Houston-based Fertitta Entertainment added significantly to its gambling and hospitality holdings Thursday, cutting a long-rumored deal for Caesars Entertainment for $17.6 billion in cash and assumption of debt. Guided by general counsel Steven Scheinthal, Fertitta chose White & Case as outside counsel. Caesars tapped both Latham & Watkins and Skadden Arps. Coincidentally, Scheinthal (pictured) is being honored Thursday night by the Association of Corporate Counsel’s Houston Chapter and The Texas Lawbook with the 2026 Houston Corporate Counsel Award for General Counsel of the Year for a Midsized Legal Department. The Lawbook's Jason Philyaw has more on the deal and the more than 70 lawyers involved.
Sixteen deals were reported to the CDT Roundup this week valued at $79.4 billion the second-highest weekly total recorded this year — or, if you prefer, the largest weekly total that didn’t involve SpaceX. Well, not exactly.
That and more in this edition of CDT Roundup.
NextEra Energy and Dominion Energy announced Monday an agreement to merge in an all-stock transaction valued at $66.8 billion. Kirkland & Ellis advised NextEra with a team led by Zach Savrick and Andy Calder in Houston with David Feirstein, who works from Houston and New York, and Brooksany Barrowes in Washington, D.C. Dominion Energy is being advised by McGuireWoods.
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