Ares Acquires Meade Pipeline for $1.1B
A Texas-heavy Sidley Austin team advised Ares in the purchase, which secures a 40 percent stake in the Central Penn Line, a major connection between Pennsylvania natural gas fields and major East Coast markets.
CDT Roundup: Sempra Deals Lead Another $22.8B Week
The week ending Sept. 27 had 16 deals reported with an overall value of nearly $22.8 billion led by $17 billion in in just two transactions by one of the largest utility builders in North America.
Sempra Sells Controlling Interest to KKR, CPP for $10B; Gives Nod to $12B FID for Port Arthur LNG Phase 2
Sullivan & Cromwell, Baker Botts, Simpson Thacher and Kirkland & Ellis advised on the deals, designed to simplify and refocus Sempra on its development as a global exporter of LNG.
Thoma Bravo to Acquire Houston-based PROS in $1.4B Take-Private Deal
Kirkland and DLA Piper are advising on the deal, which would delist the SaaS-pricing analytics firm from the NYSE where it debuted in a $75 million 2007 IPO.
CDT Roundup: A Week of Power Plants, Energy Infrastructure and Another Crypto CapM Deal
The week that ended Sept. 20 saw 24 deals with a reported value of $11.3 billion. There were a lot of deals this week related to energy, infrastructure or AI, or some combination of the three. The largest deals of the week included, perhaps unsurprisingly, a few of the largest players: with San Antonio’s electric utility buying four natural gas plants for $1.4 billion and Blackstone buying a huge natural gas plant in southwest Pennsylvania for $1 billion, give or take a few million or so. That and more in this edition of CDT Roundup.
San Antonio Utility Buys Four Natural Gas Plants for $1.4B
CPS Energy agreed to acquire four natural gas powered electricity generation facilities in Texas for nearly $1.4 billion from PROENERGY. Dykema and Latham & Watkins are advising on the deal.
CDT Roundup: From Corrugated to Crypto, Deals Keep Venturing Outside the Box
The week that ended Sept. 13 saw 21 transactions valued at $21 billion. That doesn't count the late arrivals and deals outside our usual space (See "Late Arrivals and other matters..." at the bottom of this column). It's a pretty good week when you average $1 billion per deal. For comparison, the week prior, we saw 19 deals for $8.5 billion and 24 deals for nearly $11 billion at this time last year. But each week seems a bit stranger than the last. That and more in this edition of CDT Roundup.
Phillips 66 Acquires Full Ownership of WRB Refining for $1.4B
The deal, advised by Sidley Austin and Bracewell, gives Phillips 66 full control of refineries in Illinois and Texas.
