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.
Andrew Lehman Reunites with Akin’s Houston Office
Andrew Lehman is returning to Akin as a partner in its private equity practice, the firm announced today in a news release.
CDT Roundup: 10 Deals, 6 Firms, 28 Lawyers, $6.7B
M&A is "slowly on the mend," according to a new PitchBook report on global M&A activity. But like most statements of fact these days, that may depend on your point of view. In the first three months of 2024, M&A is down from Q4 2023, but that's okay. That previous quarter contained a few blockbuster deals and set a record valuation for energy M&A. The CDT Roundup this week looks a bit closer at the PitchBook metrics and even closer at the transactions reported last week. There are a few numbers that may surprise you.
CDT Roundup: 19 Deals, 11 Firms, 147 Lawyers, $16B
In addition to its usual fare, the CDT Roundup this week includes a quarterly accounting of the volume and value of deals Texas firms reported to us during the first 13 weeks of 2024. It turns out we've logged a lot of lawyer names. We have that number, too.
CDT Roundup: 13 Deals, 9 Firms, 76 Lawyers, $9B
The Roundup swings its spotlight in a different direction this week to focus on the fund formation world and a young lawyer to be reckoned with, Simpson Thacher partner Linda Tieh. The Harvard-trained lawyer earned her undergrad degree from the University of Texas, holds bar cards in New York and Texas and finds herself front and center in some of the largest and most complicated deals we cover, including our largest transaction this week. Claire Poole has more on Tieh's remarkable resume of transactions, as well as the usual summary of last week's deals.
Prysmian Picks up Encore Wire for $4.1B
The McKinney, Texas-based target is expected to expand the Italian cable maker further into North America. O'Melveny, with a group including Dallas attorneys, advised Encore Wire on the deal.
Jacqui Bogucki Returning to Weil
Jacqui Bogucki, a highly regarded transactional lawyer specializing in infrastructure deals, has left Simpson Thacher for Weil, Gotshal & Manges in Houston. She's the fifth partner to join Weil's Houston office in the last year.
