Corp. Deal Tracker/M&A Archives - Page 33 of 113

ExxonMobil Inks Deal to Buy CO2 Pipeline Operator Denbury for $4.9B

The transaction, which has been rumored about since last fall, reflects the oil giant’s push to expand its low-carbon solutions business.

July 13, 2023 Claire Poole

CDT Roundup: 16 Deals, 12 Firms, 172 Lawyers, $5.4B

A new report from Refinitiv suggests that bankers are hurting these days. Investment banking fees are down during the first six months of 2023 — off 18 percent from 2022, year-over-year, and the lowest since 2016. Advisory fees from M&A fared even worse. The culprits include U.S. involved M&A, which has been lagging in both volume and value. The Lawbook’s Claire Poole looks at the underlying stats, including a few sectors that have thrived, even during the current lag — and, of course, the usual roll call of deals reported by Texas lawyers last week.

July 11, 2023 Claire Poole

CDT Roundup: 16 Deals, 10 Firms, 105 Lawyers, $6.9B

In addition to warmer temperatures, the end of spring brings us the end of Q2/H1, and a good time to check on the mid-year status of dealmaking. This week is our roundup of what the CDT Roundup has been reporting for the past six months. That, and a roster of lawyers involved in the 11 M&A/Funding deals and five CapM transactions reported last week.

July 4, 2023 Claire Poole & Allen Pusey

CDT Roundup: 13 Deals, 16 Firms, 201 Lawyers, $11B

The news last week that publicly traded Civitas Resources was entering the Permian Basin with the purchase of upstream assets for $4.7 billion was interesting beyond its whopping price tag. Both targets were backed by NGP Energy Capital Management, marking another upstream private-to-public consolidation. There are those who think this is a good thing for the industry at the moment, and this week’s CDT Roundup explores the reasons. And, as always, The Lawbook’s Claire Poole has all the deals reported by Texas lawyers last week.

June 27, 2023 Claire Poole

Clifford Chance Continues Houston Expansion with Akin Hire

Akin corporate oil and gas deal lawyer David Sweeney is the seventh lateral partner addition in Houston by the London-based firm this month.

June 27, 2023 Brooks Igo

Vista Sells Apptio to IBM for $4.6B

Kirkland & Ellis advised Vista, which also used the firm when Apptio bought Cloudwiry and when Vista acquired Apptio itself.

June 26, 2023 Claire Poole

CDT Roundup: 17 Deals, 15 Firms, 151 Lawyers, $5.9B

Three oil & gas deals moved last week totaling more than $4 billion. They involved Earthstone, Gibson Energy and Patterson-UTI. The apparent strategy behind each deal — not to mention their structure — suggests something different about O&G these days, as well as the current market. The Roundup this week takes a look at each of the deals, as well as the 151 lawyers behind who reported their role in transactions last week.

June 20, 2023 Claire Poole

Clifford Chance Adds Ninth Partner to New Houston Operation

Baker Botts transactional partner Jonathan Bobinger became the ninth lawyer on Tuesday announced by Clifford Chance to be joining the London-based corporate law firm’s new Houston office.

June 20, 2023 Mark Curriden

Blackstone Picks Up Interest in Indiana Electric Utility from NiSource for $2.15B

If FERC clears the transaction, NIPSCO will remain a part of NiSource, which will keep an 80.1 percent stake and continue operating the company. The terms of the deal implies a NIPSCO equity value of $10.8 billion. Latham advised Blackstone and McGuireWoods advised NiSource on the deal. Claire Poole has the details.

June 20, 2023 Claire Poole

Civitas Enters Permian by Acquiring Assets from NGP-backed Hibernia, Tap Rock for $4.7B

Kirkland advised the publicly traded buyer, whose management has spoken about wanting to diversify its assets, and Baker Botts and V&E assisted the sellers, which were said to have wanted to shed their assets.

June 20, 2023 Claire Poole