A Delaware bankruptcy judge gave approval Monday for Dallas-based Energy Future Holdings to sell its 80 percent ownership stake in Oncor to Sempra. It was a key hurdle to clear before the Texas Public Utility Commission decides as early as March 8 whether to approve the deal. This article by DBJ reporter Jon Prior has details.
Updated – Corp. Deal Tracker Weekly Round-Up: 13 Firms and 69 Texas Lawyers Advise on 20 Transactions Worth $6.6B
Transaction count and value was up from the prior week, when there were 15 transactions worth $5.5 billion. However, there was one less firm and two-thirds fewer attorneys working the deals, which ranged from M&A and capital markets transactions to a private equity fundraising to venture financings, including one in artificial intelligence.
Mergermarket: Texas M&A Dealmaking Evolves Over a Decade
Exclusive new data examining mergers and acquisitions during the past eight years involving Texas-based companies shows that a dramatic shift has taken place in the corporate legal marketplace. Mergermarket shows that 28 of the 40 law firms advising Texas businesses in the most M&A deals from 2010 to 2017 are based outside Texas.
Corp. Deal Tracker Weekly Round-Up: 14 Firms and 111 Texas Lawyers Advise on 15 Transactions Worth $5.5B
Transactions were all over the map last week involving a major acquisition by a chemical giant, a major oil and gas purchase by a company in pre-packaged bankruptcy, capital funding for a medical device manufacturer and a merger by two companies in the infrastructure business just as the Trump administration announced plans to pump $200 billion into public works projects. Claire Poole has deal details and weekly totals in her CDT Weekly Roundup in The Texas Lawbook.
Analysis: Texas Corporate Law Market Sees Massive Shake-Up & Realignment of M&A Practice
The Texas corporate legal market is experiencing extraordinary turmoil in 2018 – and the year is only six weeks old. Three large Texas-based corporate law firms are in the final stages of merger negotiations with out-of-state law firms. Five national law firms have either opened or are opening new offices in the state before the end of March. Since Jan. 1, more than 100 business lawyers have quit the law firms in Austin, Dallas and Houston where they have worked for years or even decades to join competitors.
The Texas legal market, which has been a hotbed of activity since 2010, is in the midst of a frenzied transformation not witnessed in decades. The Texas Lawbook has details.
Corp. Deal Tracker Weekly Round-Up: 17 Firms and 157 Texas Lawyers Work on 23 Transactions Worth $7.1B
Texas deal attorneys were active this past week, with 17 firms and 157 lawyers working on 23 deals worth $7.1 billion. The deals ranged from mergers to asset divestitures to joint ventures to equity and debt issues to private equity commitments all across the oil and gas spectrum. Claire Poole has the details in her weekly roundup.
One Day, Two Billion-Dollar Deals, Three Texas Law Firms
Amid the volatility of the financial markets on Tuesday, two billion-dollar deals were announced that involved three different Texas law firms – Baker Botts, Bracewell and V&E. One deal is more certain, the other not so much.
Corp. Deal Tracker Weekly Round-Up: 13 Firms and 100 Texas Lawyers Work on 16 Transactions Worth $8.6B
Deal count was up by five transactions versus the previous week. But the deal value was down by 31.7 percent over last week’s $12.6 billion–even counting a large October notes issue whose lawyers weren’t revealed until last week. Claire Poole’s weekly Deal Tracker Roundup recounts all the deals, all the details and all the numbers behind them in The Texas Lawbook.
Corp. Deal Tracker Weekly Round-Up: 11 Firms and 68 Texas Lawyers Work on 11 Transactions Worth $12.6B
Last week Texas dealmaking continued apace: an energy-related IPO moved forward, two joint ventures were inked, a bankruptcy was filed and oil and gas asset sales continued. In addition, there were fundings of a healthcare company and an oil and gas explorer as well as a private equity firm purchase of an oilfield services company. Does any of this mean that the energy sector has officially turned around? See what Claire Poole has to say in her weekly Deal Tracker Roundup in The Texas Lawbook.
Corp. Deal Tracker Weekly Round-Up: 15 Firms and 129 Texas Lawyers Toil on 19 Transactions Worth $9.4B
A surge in deal-making over the last few weeks has observers believing that 2018 may be a strong one. Tax reform and a rise in oil prices fueled a week that saw 129 Texas lawyers from 15 different firms and in-house teams working on 19 transactions worth $9.4 billion. That was up considerably from the previous week when 49 Texas lawyers worked on 10 transactions worth $6.28 billion. Claire Poole has her weekly update in The Texas Lawbook. and the news is good.