A dozen years after first opening an office in Houston, Paul Hastings is making a concerted effort to expand its presence in Texas. The 1,100-lawyer corporate firm announced Monday three new capital markets partners — David Elder, Christopher Centrich and Patrick Hurley — have joined its Houston outpost from Akin Gump. The addition of the trio of lawyers comes six months after Paul Hastings hired complex commercial litigator Paul Genender away from Weil, Gotshal & Manges.
Finance Attorneys Navigate Active Texas Municipal Bond Market Amid ESG
A strong Texas municipal bond market and continued questions around state regulations related to environmental, social and governance policy kept Texas public finance attorneys busy last year.
California Resources Buys Aera Energy for $2.1B
Latham & Watkins lawyers in New York and Houston counseled Aera’s owners IKAV and Canada Pension Plan Investment Board on the deal, which will enhance CRC’s scale across both the upstream and carbon management businesses.
Berry Spins Off Unit, Merges with Glatfelter in $3.6B Combination
A Houston deal team from King & Spalding counseled Glatfelter on the transaction, which is expected to bring Berry $1 billion in proceeds to repay debt.
CDT Roundup: 12 Deals, 18 Firms, 125 Lawyers, $8.4B
The term “cautious optimism” may be about as cautious (and as literal) as you can get when it comes to M&A in 2024. But a survey of 200 multinational executives by Mergermarket and Norton Rose Fulbright suggests just that, even though nearly six in ten say their own appetite for M&A is likely to increase over the coming year. In fact, one in four say the overall market is likely to increase significantly. The Roundup’s Claire Poole returns this week with a detailed examination of the report, along with the usual look at recently reported deals that involved Texas firms and Texas lawyers.
2023 M&A: A Statistical Elephant and a Parallax View
Texas-related M&A data for 2023 compiled from The Texas Lawbook’s exclusive Corporate Deal Tracker reveals a strangely successful year — even a record year in some quarters. A record number of Texas-related deals were reported: 1,225 mergers, acquisitions, and joint ventures with an aggregate value of $739.7 billion. That’s a 13.2 percent climb in deal volume over 2022 (1,082) and more than double year-over-year values ($367.1 billion).
CDT Roundup: 9 Deals, 9 Law Firms, 87 Lawyers, $8.6B
If M&A markets seemed slow, capital markets appeared dead. According to a study by PwC, a record year in 2021 has been followed by near silence. The CDT Roundup this week looks at the stats behind a precipitous drop in IPOs and some recent, long-overdue attention to SPACs by the SEC. All that and the usual roster of Texas-related transactions reported last week.
Dealmaker Jay Hughes Leaves Willkie to Return to McGuireWoods
The M&A attorney has worked on transactions primarily in the energy sector, including representing private equity firms on deals.
CDT Roundup: 14 Deals, 12 Firms, 109 Lawyers, $4B
Professional sports, once the domain of rich guys who made their money in steel or automobile dealerships, has become its own source of cross-industry partnerships, once-verboten relationships and even M&A. The CDT Roundup looks at how a couple of Texas billionaires and a South Texas bankruptcy are accelerating those changes — along with the lineup of last week’s deals.
Kirkland’s Adam Arikat Leaves for Simpson Thacher
The veteran energy tax attorney was involved with several billion-dollar deals in the last few months. He cites STB’s “preeminent tax practice and collegial culture” as the reasons behind his move.