In simultaneous acquisitions from three different sellers, Vital promises to add scale in the Permian Basin, increase cash flow and reduce leverage. Texas lawyers from six different firms were involved: Akin, Baker Botts, Jackson Walker, Kirkland & Ellis, Latham & Watkins and Vinson & Elkins.
CDT Roundup: 14 Deals, 6 Firms, 92 Lawyers, $2.5B
Clay Brett arrived in May at the Houston offices of Baker Botts with a deep résumé: partner and GC at a private investment firm, Willkie and Bracewell alum. Since then he’s been busy. Very busy. In a Q&A with the Lawbook’s Claire Poole, Brett describes his decision to join Baker Botts, the bifurcated presence (long and short) of private equity in the energy spaces and dealmaking the energy storage space. That, along with the usual list of deals and fundings reported by Texas lawyers last week.
Energy/Infra Lawyer Purohit Leaves Latham for Paul Weiss
Ravi Purohit becomes co-head of Paul Weiss’s infrastructure practice. There has been speculation that Paul Weiss is planning to open a Houston office and has been out trying to recruit lawyers.
CDT Roundup: 17 Deals, 13 Firms, 202 Lawyers, $12.2B
The heat is on in Texas, in more ways than one. It’s no secret that record summer temperatures have tested the durability of the state’s electric grid; but lesser known is its growing dependence on alternative energy transmissions to meet this year’s extraordinary demand. Wind and solar, however, are only as dependable as the ability to store the energy they produce, and the CDT Roundup this week looks at the growing number of deals involving utility-scale battery storage sector which have, if you’ll pardon the expression, become very hot.
King & Spalding Grabs M&A Attorney Mitch Tiras
The lawyer, who spent 26 years at Locke Lord, has been busy on the deals front this year.