Kirkland counseled the Austin-based company, which provides infrastructure and environmental solutions to U.S. markets.
At best, 2022 was a mixed year for upstream M&A across the U.S., according to Enverus Intelligence Research. The numbers looked big, $58 billion across 160 deals. But the reality is that they were down, particularly in deal count, even when compared to pre-pandemic averages. The CDT Roundup takes a look at a few companies whose deals defined and, in some ways, defied the market, as well as the law firms that are advising them. Of course, there is the usual roundup of last week’s transactions.
Baker Botts counseled the company and Vinson & Elkins assisted the private equity firm on the deal, which at first blush makes sense given its valuation metrics and other factors, an analyst said.
The new year has arrived with an uptick in O&G deals, typified by this week’s sale by Chesapeake of Eagle Ford assets. This week’s CDT Roundup takes a look at that deal and discusses the near-term market for similar transactions with one of the lawyers who advised Chesapeake. And as always, there’s the CDT review of the week’s transactions and the lawyers who advised on them.
2023 was a year of contrasts: deals were up, but values were down; interest rates were up, but the energy sector was vibrant; dealmakers were cautious, but their lawyers were busy, busy, busy. The Corporate Deal Tracker has the year-end tally and analyses by our Texas experts from every corner of the market.
Haynes and Boone advised the seller while Locke Lord assisted the buyer.
Maybe you haven’t heard of ProFrac; but you probably should. The company’s been on an acquisition tear of late, gobbling up producers of pumps and proppants at an eye-popping rate. CDT Roundup has their latest deals — and the lawyers and firms that advised them, along with the usual roster of last week’s transactions.
M&A in 2022 was down by a lot, especially in deal value. Post-pandemic 2021 was a record year, so some decline was more than possible. But according to Refinitiv, the 37 percent global decline in deal values from 2021 was, in fact, the worst year-over-year drop in value since 2001. This week’s CDT Roundup observes a few other ways in which 2022 stood out, as well as the names of 167 lawyers who helped forge the first deals of 2023.
In dealmaking 2022 was no 2021. Still, the CDT Roundup reported a total of 778 deals during the 52 weeks just ended, and we can show you how the CDT Roundup’s year stacked up against last year’s record-smasher — not to mention the names of those Texas lawyers who worked before and during the holidays.
The year about to elapse may not have been a year for record-breaking deals, but it was a year of more than a few notable deals. Tracking the most important transactions is, at best, a fool’s errand. But here are ten deals that the CDT Roundup considers the most significant. Not everyone will agree with the choices, but they are worth arguing for or against as we toast the New Year.