Clay Brett arrived in May at the Houston offices of Baker Botts with a deep résumé: partner and GC at a private investment firm, Willkie and Bracewell alum. Since then he’s been busy. Very busy. In a Q&A with the Lawbook’s Claire Poole, Brett describes his decision to join Baker Botts, the bifurcated presence (long and short) of private equity in the energy spaces and dealmaking the energy storage space. That, along with the usual list of deals and fundings reported by Texas lawyers last week.
Energy/Infra Lawyer Purohit Leaves Latham for Paul Weiss
Ravi Purohit becomes co-head of Paul Weiss’s infrastructure practice. There has been speculation that Paul Weiss is planning to open a Houston office and has been out trying to recruit lawyers.
CDT Roundup: 17 Deals, 13 Firms, 202 Lawyers, $12.2B
The heat is on in Texas, in more ways than one. It’s no secret that record summer temperatures have tested the durability of the state’s electric grid; but lesser known is its growing dependence on alternative energy transmissions to meet this year’s extraordinary demand. Wind and solar, however, are only as dependable as the ability to store the energy they produce, and the CDT Roundup this week looks at the growing number of deals involving utility-scale battery storage sector which have, if you’ll pardon the expression, become very hot.
H1 Capital Markets: Weak Everywhere, But Ready for Rebound?
H1 wasn’t a kind environment for capital markets transactions. Saddled with lingering inflation, fed rate hikes, modest market volatility and the occasional bank failure, dealmakers relied on cash, credit and creativity for acquisitions. But with much of that flickering into the rear-view mirror, the stage may be set for a CapM comeback. The Lawbook has details.
Energy Transfer Scoops Up Crestwood for $7.1B in Stock
Kirkland counseled the buyer and V&E the seller in a combination that analysts say makes strategic sense.
CDT Roundup: 19 Deals, 13 Firms, 184 Lawyers, $9.7B
Of course, having noted the continued primacy of the energy industry in Texas dealmaking of late, we hit a week when there are none. Moreover, capital markets came roaring back last week with a dozen deals reported, the most reported for a single week in more than two years. Claire Poole takes a closer look at those deals and the lawyers behind them this week in the CDT Roundup.
Weil Poaches Energy Deal Lawyer from Skadden
Cody Carper, who focuses on complex energy and infrastructure transactions, has counseled Macpherson Energy, North Hudson Resources, Samson Energy, Contango Oil & Gas and Southwestern Energy on deals.