Corp. Deal Tracker/M&A Archives

CDT Roundup: 15 Deals, 12 Firms, 186 Lawyers, $5.3B

The biggest deal reported last week was the $2.4 billion sale of “non-core” assets along the Texas-Louisiana Gulf Coast by Dow, the chemical giant. The sale involved a 40 percent stake in Dow InfraCo sold to alternative asset manage Macquarie. The deal is only the latest in a series of “non-core” sell-offs, a phrase that is becoming as common as “consolidation” in the current market. The CDT takes a look at the “non-core” transaction trend and an observer of the Dow deal who less than impressed. And, of course, the usual report on last week’s deals and dealmakers.

December 16, 2024 Allen Pusey

Hunton Andrews Kurth Adds Capital Markets Partner from V&E

Joanna Enns joined HuntonAK’s Dallas office after a nearly five-year tenure at V&E, where she primarily focused on M&A, capital markets and liability management transactions in the natural resources and mining sectors.

December 11, 2024 Nick Peck

Macquarie to Pay $2.4B for 40% Stake in Dow Gulf Coast Assets; Sidley, Linklaters Advise

Assets to be included in a newly-created partnership, Diamond Infrastructure Solutions, involve power and steam production, pipelines and general industrial site infrastructure in Freeport and Seadrift, in Texas and Plaquemine and St. Charles in Louisiana, along with pipeline and storage assets adjacent to NGL and olefin hubs.

December 9, 2024 Allen Pusey

CDT Roundup: 16 Deals, 10 Firms, 231 Lawyers, $4.8B

In the year that will soon be past, the sheer volume of energy-related, or energy-adjacent transactions are worth noting. Whether in O&G per se, data center energy demands or the more mundane multitude of PE acquisitions in HVAC manufacturing and service companies, the sides seem okay with the value. So, we weren’t that surprised by the November findings of the semi-annual Haynes Boone Borrowing Base Redeterminations Survey. The CDT Roundup takes a look at the details, along with the usual run-down of the week’s M&A deals and the lawyers behind them.

December 9, 2024 Allen Pusey

CDT Roundup: 10 Deals, 9 Firms, 103 Lawyers, $10.3B

As we approach the end of 2024, it’s crucial to ensure that your submissions to the Corporate Deal Tracker are fully credited. The Texas Lawbook’s M&A team is committed to identifying all relevant submissions for deals involving Texas-based lawyers, and we want to make sure that no qualified deal from your firm goes unaccounted for. That and more, including last week’s deals, in this edition of the CDT Roundup.

December 2, 2024 Allen Pusey

Arizona Case Heightens ESOP Oversight Responsibilities of Company Directors

A recent decision in Arizona federal court shows that the directors of ESOP companies need to recognize that their interests and fiduciary duties are not always aligned with those of the ESOP investment banker (who is providing them guidance), the ESOP trustee and the ESOP advisors. This article highlights the key takeaways from a closely-watched case by the industry, Su v. Bensen.

November 25, 2024 John Kober

CDT Roundup: 15 Deals, 15 Firms, 153 Lawyers, $4.6B

For some, it may be too soon to talk about it, but business leaders are already weighing in on how their industries might be impacted by the election results. In one of the first survey’s we’ve seen, Endeavor Business Intelligence deployed a short questionnaire to U.S. business leaders on their perceptions of the upcoming change in administrations. There were 160 respondents, not bad for a one-week project; and the answers proved more complex than one might expect. That and the usual review of last week’s reported transactions.

November 25, 2024 Allen Pusey