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Corp. Deal Tracker/M&A

CDT Roundup: Data Centers Continue to Dominate as $16B Week Defies Oil’s Downshift

The week ending Aug. 9 was a strong one by any measure: 19 deals for $16 billion. It follows 17 deals at $19 billion the week prior and compares very favorably with 20 deals for $12 billion this time last year. There were, of course, a healthy number involving data centers or data center infrastructure. Those will be moving the dial for a while. But the word that best describes the week is "wrinkled." Because there were lots of wrinkles. That and more in this edition of CDT Roundup.

Allen Pusey

Corporate Directors and Officers — Fiduciaries or Discretionaries?

I have enjoyed the privilege of being a chaired professor at Southern Methodist University for over 35 years. That’s a good run, which I hope to keep going for a long while. In teaching my corporate and securities law courses during that time, a key principle arises with frequency — namely, that corporate directors and officers are fiduciaries. These fiduciaries are charged with acting in their respective corporation’s best interests with due care and loyalty. If they fail to do so — according to the rhetoric — they will be held accountable and subject to liability exposure. But is this merely rhetoric without substantive content? Is the term fiduciary a misnomer? In my new book, I answer these questions with a resounding “yes.”

Marc I. Steinberg

CDT Roundup: AI’s Energy Appetite Continues to Fuel Tech, O&G Deals

The week ending Aug. 2 saw 17 transactions reporting values of $19 billion. You can compare that to last week's 15 deals for $3 billion or the 26 deals for $16 billion we reported this time last year. The news this week is the same news last week: It's all about AI infrastructure. The good news is that even those deals cut a healthy swath across emerging data-related business sectors. That and more in this edition of CDT Roundup.

Allen Pusey

ECP, KKR Announce $4B Data Campus in Texas

Marking their first investment in a $50 billion joint venture campaign announced last year, Energy Capital Partners and KKR said Friday they are investing $4 billion into the development of a data center campus in Bosque County, about 75 miles southwest of Fort Worth. Kirkland & Ellis advised on the JV.

Allen Pusey

MPLX Acquires Sour Gas Operator from Five Point for $2.375B

MPLX said Friday it has agreed to pay $2.375 billion in cash to Houston-based Five Point Infrastructure for Northwind Delaware Holdings, a New Mexico sour gas gathering, treatment and processing service operating in the Permian Basin. Latham & Watkins advised Five Points on the transaction.

Allen Pusey

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