Apache has exited Canada through the closing of three different transactions. The Houston-based energy company said it will use the $713 million in proceeds to focus on the Permian Basin, fund its capital program, and reduce debt.
Jones Day Advises on $3B Plano Real Estate Deal
South Carolina-based Greystar Real Estate Partners said it will pay $3 billion to purchase Monogram Residential Trust, a Plano-based REIT that owns, operates, and develops luxury residential and corporate apartment communities.
Wilson Elser Leads $1B Sale of George Clooney’s Casamigos Tequila
When is a tequila shot before noon warranted? When you facilitate the $1 billion sale of George Clooney’s tequila business, of course.
Vinson & Elkins Turns 100
V&E has faced turbulent times during its 100 year history, including the Enron scandal. But the firm continues to thrive with 700 lawyers in 16 offices across the globe, $653 million in revenues last year and profits per partner at $1.8 million.
V&E and Latham Take Lion’s Share of 2016 Offering Work
Though the type of securities offerings that companies issued differed from 2015 to 2016, the Texas law firms and lawyers behind the offerings stayed pretty close to the same, according to new data from The Texas Lawbook’s Corporate Deal Tracker. To no one’s surprise, most lawyers ranked at the top are all Houstonites. But one Dallasite broke the mold on the issuer’s side.
This article names the individuals dominating securities work and has a breakdown of how each firm’s capital markets work in 2016 compared to the previous year. (Spoiler alert: two firms handled 65 percent of all securities offerings in the 2016 database).
‘Runaway Swiss Businessman’ Pleads Guilty to Perjury in Court Filings
A Swiss businessman and former Dallas resident who was a fugitive abroad for nine months last year will plead guilty to one count of perjury in a federal bankruptcy proceeding, according to papers filed by his lawyers and the U.S. government late last week.
Exclusive: Saudi Prince Wins $3M From Irving’s Youtoo Media
In a unanimous verdict, five women and three men ordered Youtoo Media and its general partner, Christopher Wyatt, to pay more than $3 million to Prince Mansour Bin Abdullah Al-Saud of the Kingdom of Saudi Arabia for his lost investment. The court also tossed a $6 million claim the prince’s courtroom opponents brought against him.
2016 M&A Lawyer Leaderboard: Houstonians and a Lotta White Guys
The scoreboard for the top Texas M&A deal-makers in 2016 is final. From Akin Gump, Andrews Kurth Kenyon and Baker Botts to Latham, V&E and Weil, all the usual suspects are there. Several newcomers have broken into the top 30. Kirkland’s investment in Houston is paying off.
But The Texas Lawbook does more than just name names. We paint a biographical portrait of Texas deal-makers. FYI: Most are from Houston – not Dallas. Very few are women and even less are ethnic minorities.
Corp. Deal Tracker: M&A Firm Leaderboard Played Musical Chairs in 2016
For most Texas-based M&A lawyers, 2016 was not in line with one of Charles Dickens’ most famous lines: it was neither the best of times nor the worst of times for corporate transactional work. But some changes occurred among the law firm leaderboard.
New data from The Texas Lawbook’s Corporate Deal Tracker reveals which firms stayed at the very top for handling the most M&A work in 2016 and which firms got booted out of the top by others. This report provides a full analysis on the new rankings and insights from firm leaders for how deal flow is looking in 2017.
Exclusive: Runaway Swiss Businessman Returns to Dallas… In Handcuffs
A Swiss arbitration ruled that Rudolf Suter owed $2 million to a Florida investor from a failed business deal. Suter ignored it. When the investor discovered he was living large in Texas, the investor sought and received a judgment from a Dallas federal court. Suter filed for bankruptcy. He ignored that until he was threatened with jail. And when a Dallas federal judge decided to hold a contempt hearing, Suter caught a British Airways jet for London.
Last month, Suter was arrested when he tried to return to the U.S. He was returned to Dallas, cuffed hand and foot, for a hearing last Friday and was presented with a whole new legal problem: federal charges for lying during his bankruptcy proceedings.
“He has been avoiding the U.S. legal system for over five years,” said one of the lawyers involved. “Although it took a while, it looks like the system has caught up with him.”