Energy Transfer Snares WTG Midstream for $3.25B
V&E advised Energy Transfer and Sidley assisted private equity-backed WTG on the deal, which expands the buyer's natural gas pipeline and processing network in the Permian Basin.
CDT Roundup: 11 Deals, 11 Firms, 173 Lawyers, $5.5B
While the oil and gas business remains the endoskeleton of the Texas economy, oil and gas are currently living divergent performance experiences. Oil is experiencing boom times; natural gas, not so much. In such a market the semi-annual Haynes Boone borrowing base and price deck surveys can offer a valuable lenders'-eye view of the immediate future. The CDT Roundup mines the latest data, along with the usual survey of last week's Texas-related deals.
Crescent Captures SilverBow Resources for $2.1B
Vinson & Elkins counseled Crescent, which counts KKR as a major investor, and Gibson Dunn advised SilverBow on the deal, which builds scale in South Texas' Eagle Ford shale.
CDT Roundup: 22 Deals, 14 Firms, 227 Lawyers, $14.9B
The $6.2 billion take-private sale of Minnesota utility Allete to a joint venture of the Canada Pension Plan Investment Board and Global Infrastructure Partners would be noteworthy if just for the price tag alone. But a closer look reveals a common bond among the lawyers involved that graduates from noteworthy to extraordinary. The Roundup's Claire Poole takes that closer look, along with her usual list of Texas-related transactions reported last week.
Texas Business Courts Are Almost Here, And Other Texas Entity Governance Legislation Has Already Arrived
On Sept. 1, the Texas business court will commence accepting the filing of new cases within its jurisdiction. Certain other bills passed in the 2023 Texas Legislature have already gone into effect are summarized in this article and will affect the governance of entities in Texas.
CDT Roundup: 13 Deals, 9 Firms, 87 Lawyers, $3.1B
If you happen upon a bank transaction in Texas (or even if it's not in Texas) there are a couple of lawyers you figure know something about it: Sandy Brown at Alston & Bird in Dallas and Chet Fenimore at Fenimore Kay Harrison in Austin. So, when Texas Dow Employees Credit Union announced its purchase of Sabine State Bank, The Roundup turned to them. Turns out, one of them was involved. CDT notes on that involvement, as well as the work of 87 lawyers who advised on deals last week.
Willkie Adds Dallas Office, with Three Laterals from Haynes Boone
The new laterals at Willkie — Tom Tippetts, Brandon McCoy and Chase Proctor — will be joined/supported by a few other familiar names from Willkie's New York and Texas offices.
Allete Agrees to $6.2B Buyout by CPPIB, GIP
Kirkland & Ellis counseled the acquiring consortium with a team led by corporate partners Melissa Kalka, Emily Lichtenheld and Andy Calder.