Emera Sells New Mexico Gas to Bernhard Capital for $1.2B
Davis Polk & Wardwell represented the Canadian seller and Kirkland counseled the Louisiana private equity firm, having advised it on several investments and purchases over the last year.
OCI Sells Texas Ammonia Project to Woodside for $2.35B
Latham advised Woodside while Vinson & Elkins counseled OCI, having advised it on the Beaumont project since inception. It's being billed as the world’s first large-scale, low-carbon intensity hydrogen-based greenfield ammonia facility.
Arcosa Expands into NY-NJ with $1.2B Acquisition
Kirkland advised Arcosa on their purchase of the aggregates and building materials businesses of Stavola Holding Corp. The transaction, largest in the company's history, was paired with the divestiture of a steel components business.
CDT Roundup: 19 Deals, 21 Firms, 271 Lawyers, $16.4B
The rise of the U.S. global LNG export sector is a remarkable one: from essentially zero in 2015 to a position of global leadership in less than a decade. The Texas-Louisiana-Mississippi Gulf Coast has transformed into an epicenter for super-chilled natural gas bound for Europe and Asia. The CDT Roundup this week takes a closer look at a couple of news items that suggest the short-term future could be a bit bumpier than expected. And, as always, there were deals reported last week. We have the firms and the lawyers behind them.
Vital, NOG buy assets owned by Vortus-backed Point for $1.1B
Gibson Dunn advised Vital on the deal while Akin assisted Point and Vortus. Kirkland counseled NOG, its second joint acquisition with Vital in the Delaware Basin.
Casey’s to Acquire CEFCO Convenience Stores in $1.45B Deal
The all-cash transaction adds 148 stores in Texas and another 50 across Mississippi, Florida and Alabama. Paul Weiss, Cleary Gottlieb and Fort Worth's Bourland, Wall & Wenzel advised.
Simpson Thacher’s Houston Office Advised on KKR/T-Mobile Metronet Deal
Corporate partners Breen Haire and Shamus Crosby advised on the creation of a joint venture with T-Mobile to secure Metronet, along with its two million broadband customers across 17 states.
Helmerich & Payne Buys KCA Deutag for $1.97B
A mostly Houston team from Kirkland & Ellis advised Tulsa-based buyer and A&O Shearman assisted the Scottish target, which would establish H&P as a global leader in onshore drilling.