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M&A numbers may be down across the globe, but there is one sector that is holding its own: U.S. oil and gas. In her weekly Roundup Claire Poole explores the data along with last week's deals involving Texas lawyers.
While the deal count stayed above 200 in the third quarter, it was the lowest level over a 12-year period since the second quarter of 2013. Observers blame trade wars and economic concerns as the culprits.
Global M&A activity looks pretty sickly so far this year, falling 11% to $2.8 trillion – the slowest pace in more than two years, according to Refinitiv. But conditions may be turning around, with dealmaking among Texas lawyers hopping last week. Claire Poole reports.
The offer represents a 24% premium for Roan, which was born out of the bankruptcy of Linn Energy and will be led by a former Linn executive.
The South Korean seller plans to use the proceeds to diversify into other energy sectors and expand in Asia and North America.
The transaction – which includes $90 million for expansion – comes as Appalachia's Marcellus Shale continues to lack pipeline capacity to carry natural gas to market.
Our expert team has examined every transaction recorded by the Corporate Deal Tracker – there were thousands of them handled by Texas lawyers in 2018 and 2019. This article details how The Lawbook plans to unveil the findings.
Despite rising valuations, investors remain giddy about private equity, with 40% of those surveyed saying they planned to commit more capital to the asset class and 68% looking to target small to mid-market buyout funds. Claire Poole reports on that plus dealmaking involving Texas lawyers last week.
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