CDT Roundup: 25 Deals, 16 Firms, 304 Lawyers, $49.2B

According to S&P Global, U.S. M&A deal value has declined between election day and year-end in four of the previous seven election cycles. That also means, of course, that in three of those seven cycles, deal value didn't decline. This week the CDT Roundup leans on a recent Morgan Stanley report that suggests that deal-making fundamentals this year are strong enough that the outcome of the upcoming election may not make much difference. Things can change, but with 25 deals reported last week valued at nearly $50 billion, a prediction of robust post-election M&A markets doesn't seem that far off the mark. As always, we have the deals and the names of those who worked on them.

August 20, 2024 Claire Poole

Quantum Picks Up Caerus’ Oil, Gas Operations for $1.8B

V&E advised Quantum and its portfolio companies QB Energy and Koda Resources while Davis Graham & Stubbs and Latham & Watkins assisted Caerus, which is backed by Oaktree, Anschutz and Old Ironsides.

August 19, 2024 Claire Poole

Lone Star Funds to Acquire Carrier Global Fire Business for $3B

Carrier Global says the sale to Dallas-based PE Lone Star is part of its continuing divestiture of non-core businesses to refocus as a pure play provider of heating, cooling and solar energy climate-control products.

August 15, 2024 Allen Pusey

Winston Snags Two McDermott Energy Partners

Kevin Brophy and Ming Lei have worked together on a variety of upstream and midstream deals involving EIV Capital and Houston's Westlawn Group.

August 14, 2024 Allen Pusey

CDT Roundup: 20 Deals, 15 Firms, 312 Lawyers, $12.2B

If anything defines the last few years in Texas M&A, it's energy consolidation. Big bucks are being dropped to own bigger chunks of the Permian, Gulf Coast LNG production and all the pipeline in between. But the emergence of AI is driving a powerful new influence in the form of digital infrastructure, a sector heavy on the need for energy and real estate — both found in abundance in Texas. The CDT Roundup chatted with Simpson partners Breen Haire and Matt Einbinder on ways in which AI is changing their M&A practice, and it's not what you might think. That, and the usual Roundup breakdown of last week's Texas-related transactions.

August 13, 2024 Claire Poole & Allen Pusey

Mayer Brown Energy M&A Partner Jumps to Baker Botts

Baker Botts announced Tuesday that Rebecca Seidl had joined from Mayer Brown, where she was a partner in the corporate and securities practice group for six years. Seidl, in a news release, cited the firm’s reputation in the energy industry and its global platform as reasons why she made the move.

August 13, 2024 Michelle Casady

CDT Roundup: 26 Deals, 16 Firms, 334 Lawyers, $16.5B

Over the past few months, The Roundup has repeatedly noted a wave of consolidation rolling through the energy space, particularly in the Permian. This week, Enverus M&A Analytics provided comprehensive numbers to back that up. As if to punctuate the point, a few new energy deals queued up for this week's edition of The Roundup, alongside some significant transactions in other, non-energy sectors. Our Claire Poole has them, as always, as part of her weekly accounting of Texas-related deals and the folks who made them happen.

August 6, 2024 Claire Poole

Quantum Capital to Acquire Cogentrix for $3B; King & Spalding, V&E, Latham Advise

Based in Charlotte, N.C., Cogentrix operates natural gas power plants throughout the Eastern Seaboard, New England and Texas. The acquisition, says Quantum's CEO, is driven by the power needs for data centers and AI.

August 5, 2024 Allen Pusey