Hydrogen ranks No. 1 in the Periodic Table of Elements, but its carbon-heavy production process has made it a target – not only of environmental concerns — but of potential solutions. Its elemental role in a variety of industrial production processes has made the pursuit of CCS technologies (carbon capture and sequestration) a rising star in a Texas-led pursuit of scalable environmental abatement. Alan Alexander, a partner at Vinson & Elkins, has made himself part of that pursuit. His views are part of this week’s CDT Roundup, along with the usual summaries of new transactions and the roster of lawyers who made them.
CapM Lawyers Lionberger, Brown Leave Winston for H&K
The pair worked on various public and private offerings of equity and debt securities as well as IPO’s, often involving SPACs.
2023 CDT M&A Lawyer Rankings – Deal Values
Only three Texas lawyers so far in 2023 worked on M&A deals with a combined deal value of $25 billion or more, according to The Texas Lawbook’s exclusive Corporate Deal Tracker. See their numbers and those of more than 300 Texas lawyers here.
2023 M&A Texas Deal-Lawyer Rankings
The Corporate Deal Tracker’s Texas lawyer rankings for M&A dealmaking in 2023 ranked by deal count from Jan. 1 through Aug. 31 shows that only two lawyers have been involved in at least 10 mergers, acquisitions and joint ventures so far this year, but 23 have worked on five or more transactions during the first eight months of the year.
CDT Roundup: 27 Deals, 23 Firms, 353 Lawyers, $24B
By now it should be obvious that deal volume was down in the second quarter. The reasons aren’t mysterious: Persisting inflation and a short spurt of bank failures beginning with Silicon Valley Bank signaled the drop in deals. But middle market deals, while down, have fared better than most, according to Boston-based Capstone Partners. This week’s CDT Roundup explores their prediction that deal volume in the $100 million to $500 million range is set for a rebound — along with our summaries of a week that saw a whopping 27 transactions involving lots and lots of Texas-based lawyers.
Vital Buys Oil & Gas Assets for $1.16B
In simultaneous acquisitions from three different sellers, Vital promises to add scale in the Permian Basin, increase cash flow and reduce leverage. Texas lawyers from six different firms were involved: Akin, Baker Botts, Jackson Walker, Kirkland & Ellis, Latham & Watkins and Vinson & Elkins.