Darden Buys Chuy’s in $605M Deal
Out-of-state lawyers led the Hunton Andrews Kurth team that counseled the buyer and a Dallas group from Winston assisted the seller on the transaction, which comes with a 30-day "go-shop" period.
CDT Roundup: 20 Deals, 14 Firms, 268 Lawyers, $17.2B
We've passed the halfway point of 2024, so it seems like a good time to make a periodic check of our own metrics. This week we look at the table that hides in plain sight inside our column and actually use it to measure what we've done; specifically, a statistical survey of the deal summaries we've published so far this year. As usual, the numbers are surprising, even to us; especially the number of names of lawyers that have showed up in the column. And, of course, we include even more names from the deals we received last week.
UK M&A Transactions: Key Considerations for US Buyers
Despite a general slowdown in global mergers and acquisitions activity in recent years, certain U.S. buyers have continued to target U.K. businesses and assets for acquisition. Interest in the U.K. M&A market has been further supported by its perceived safety in a global macro environment that appears increasingly challenging. This article highlights key considerations for a U.S. buyer interested in pursuing an M&A transaction in the U.K., with specific notes relevant to Texas business.
Enagás Exits Tallgrass in $1.1B Deal with Blackstone
The deal follows Blackstone's purchase last month of Phillips 66's interest in REX, and further consolidates Blackstone control of more than 7,000 miles of midwest oil and gas pipeline.
CDT Roundup: 11 Deals, 11 Firms, 95 Lawyers, $3.9B
Deals are deals, unless they turn out not to be. The proposed $4 billion acquisition of Houston-based Mattress Firm by rival Tempur Sealy seemed like a deal. But the Federal Trade Commission last week voted 5-0 to stop the negotiations and sought to do so in a Houston federal court. The FTC complaint contains the usual language about protecting the U.S. consumer, but it also features allegations of retail bullying by Tempur Sealy along with 182-redactions to back that up. A discussion of that, and the usual fare of Texas-related deal summaries and the firms and lawyers involved, is in this week's CDT Roundup.
Devon Energy Acquires EnCap Bakken Assets for $5B
Kirkland & Ellis and Vinson & Elkins advised on the upstream/midstream deal which includes more than 300,000 acres and a 950-mile gathering system. It marks the third major upstream transaction by Houston-based EnCap Investments in the past month.
Iconic Texas Department Store Chain Neiman Marcus Sold to Saks for $2.65B
Willkie Farr advised the buyer while Sullivan & Cromwell assisted the Dallas-based seller, which Vogue once noted, "is Texas with a French accent."
CDT Roundup: 14 Deals, 16 Firms, 224 Lawyers, $8.2B
The Corporate Deal Tracker has noticed an uptick in capital transactions over the past few weeks. One firm that seems to be getting its share of CapM deals is Baker Botts. In June alone, BB reported more than $4 billion in 10 capital markets transactions. Claire Poole takes a look at the lawyers behind the action at BB, along with her usual summary of Texas-related deals and the lawyers behind them.