Kirkland & Ellis, Vinson & Elkins and Latham & Watkins topped the charts in M&A deal value for Texas businesses during the first quarter of 2019. They also topped the charts in deal count, new Mergermarket data shows.
NASCAR Holdings will assume control of four new speedways, including the iconic ovals at Daytona and Talladega, after International Speedway Corp. accepted a $2 billion purchase offer. Claire Poole has the names of the Texas-based Baker Botts crew that helped push the deal to the finish line.
Mid-year predictions/reflections are already beginning to appear and Claire Poole has been absorbing them all. She shares the latest observations from GlobalData, Pitchbook and Intralinks with her weekly roundup of Texas dealmaking.
New data from Mergermarket shows that Kirkland & Ellis, Vinson & Elkins and Latham & Watkins represented the most Texas businesses involved in mergers and acquisitions during the first quarter of 2019. Inside are the top 20 firms by deal count for January through March 2019.
Last week, Chevron dropped out of a $33 billion deal to purchase Anadarko Petroleum Corp. when it declined to match or counter a $38 billion offer by Occidental Petroleum. In her weekly roundup of deal activity, Claire Poole looks at why that happened and what it means along with other deal news.
After a 23-month stint at Kirkland & Ellis, Samuel Peca is back at Weil, Gotshal & Manges, where he spent more than five years as an associate before joining Kirkland in July 2017. Peca worked on some big deals for Kirkland, including TPG’s purchase of a majority stake in Tailwater Capital-backed Goodnight Midstream in March for $930 million.
Dallas investment banker Josh Bammel left Generational Equity in 2007 to form Kratos Capital. He hasn’t looked back. Specializing in transactions between $20 million and $75 million, Bammel just closed his 121st deal. He shares his perspectives on the business with Claire Poole.
Venture capital is on a tear. Valuations remain at record levels, outlier IPOs seem likely to boost exit values and fundraising should accelerate. So why are PE investments in energy nothing to cheer about? Claire Poole explains in her weekly roundup of Texas deals.
Jackson Walker bagged a piece of a pretty big deal, the sale of Apax Partners-backed Acelity Inc. and its KCI units to 3M for $6.725 billion, a move that preempts KCI’s planned initial public offering. Claire Poole has the details.
Deal counts in Texas dropped precipitously in the first quarter of 2019. Although the count was over the much-valued 200 mark, deal values were even worse. The Lawbook’s Claire Poole has the exclusive Mergermarket figures.