Upstream deals have flourished in the first quarter of 2022, according to data from Enverus. Compared to the same stretch in 2021 they’ve more than tripled in value. And there are more deals out there, just waiting for commodity prices to stabilize. More on that possibility, along with last week’s transactions, in the CDT Roundup.
Sarah McLean has been busy, to say the least. The Shearman & Sterling partner has advised on at least four energy transactions so far this year. Find out about what McLean thinks about the current climate for private equity and see who is leading the week’s deals on the Corporate Deal Tracker.
Just weeks after hiring Bruce Herzog, Latham has announced the addition of Scott Miller.
An animated bouncing ball may be needed to follow the transactions market these days. M&A for the first quarter is down worldwide 23 percent by volume over last year, while deals over $10 billion are up twice that. More on those trends in the weekly CDT Roundup, along with a relatively slim roster of Texas dealmakers reporting last week.
The much-anticipated proposed rules cover a wide range of topics and are likely to have substantive impacts on SPACs, SPAC sponsors, underwriters, private companies seeking to go public via a de-SPAC transaction, institutional and retail SPAC investors.
Following a seeming renaissance in 2021, IPO activity seems to have slowed thus far in 2022, according to several indicators. Still, Texas dealmakers say they expect the IPO markets to stay healthy — particularly in the energy industry. The CDT Roundup has some numbers, as well as last week’s deals and the names of lawyers behind them.
In a week of relatively weak M&A traffic, the increased prominence of healthcare deals is, once again, front and center. The deals these days are not just for healthcare technologies or hospital real estate — the M&A market for professional care itself is becoming abundantly clear. That, and the week’s dealmakers in the CDT Roundup.
For the second time in less than a week, a top corporate partner in Willkie Farr’s Houston office is joining a competitor.
Capital markets deals in Texas were up — way up. The value of those deals were down — way down. But that’s not necessarily a bad thing, say our lawyer/dealmakers. Reduced capital budgets, acquisitions made with a clearer sense of purpose and a broader base of issuers created a market in which IPOs made their comeback — and SPACs made their presence felt.
Something paradoxical happened to Texas energy deals in 2020 and 2021: They increased their share of the overall M&A market. This comes after a pandemic and a couple of notable energy disasters. But numbers aren’t always exactly what they seem. The CDT Roundup explores the anomaly along with the weekly roll call of Texas transactions.