CDT Roundup: 15 Deals, 13 Firms, 179 Lawyers, $9.8B

A recent Mergermarket survey of top global private equity executives yielded few surprises concerning the once and future deal environment. The survey, conducted on behalf of Dechert, revealed that more than a quarter of respondents cited interest rates as the most important factor in determining deal development in the next 12 months. Among the few surprises, however, was the overwhelming and newly found attraction to take-private deals. The Roundup looks at the data, as well as the firms and lawyers behind 15 Texas-related transactions reported last week.

November 14, 2023 Claire Poole

Kinder Morgan Buys STX Midstream from NextEra for $1.8B

Locke Lord's Kevin Peter counseled KMI and Hogan Lovells' Greg Hill represented NextEra on the sale of the pipeline system, with KMI viewed as the likely buyer.

November 7, 2023 Claire Poole

CDT Roundup: 15 Deals, 14 Firms, 193 Lawyers, $20.6B

For the first time in a while, energy didn't dominate the week for value. Still, energy deals dominated the deal count among the 12 M&A transactions reported. This comes as the Haynes Boone financing survey shows increasing interest in financing new upstream E&P. Claire Poole's CDT Roundup has more, along with the names and firms of the 186 lawyers who worked on last week's transactions.

November 7, 2023 Claire Poole

Two Billion-Dollar-Plus Energy Deals Announced with V&E Involved

Riverstone-backed Hammerhead Energy agreed to be sold to Crescent Point Energy for $1.86 billion and Enbridge purchased landfill gas-to-renewable natural gas facilities in the U.S. from Morrow Renewables for $1.2 billion.

November 6, 2023 Claire Poole

Six Flags Merges with Cedar Fair in $8B Deal

Weil in New York counseled Cedar Fair while Kirkland did so for Six Flags, including an M&A partner in Austin and a debt partner in Houston.

November 2, 2023 Claire Poole

CDT Roundup: 18 Deals, 18 Firms, 152 Lawyers, $68.4B

What a difference a quarter makes. Even as deal numbers for the third quarter continue to numb, some really big deals are beginning to unfold in the fourth — particularly in the energy sector — with two $60 billion whoppers in the past three weeks. But a recent analysis by Pitchbook suggests that they are only the beginning. With an estimated global total of $1.4 trillion in dry powder available, dealmakers who have been eyeing market variables may be ready to pounce. This week's CDT Roundup looks the possibility of a coming breakout, along with the usual roster of lawyers and firms who reported $68 billion over 18 different deals.

October 31, 2023 Claire Poole

CDT Roundup: 16 Deals, 13 Firms, 165 Lawyers, $6.8B

This week's transactions include two take-private deals. According to studies by Bloomberg and White & Case, turmoil across the equity capital markets is making such deals attractive, with more companies being taken private so far this year than traditional public offerings. In the 18 months from January 2022 through June 2023, there were 47 P2P transactions in the U.S. versus 39 IPOs. And the P2P pace for 2023 may be even quicker. Claire Poole has the specifics, along with the usual roundup of deals and dealmakers for the week.

October 24, 2023 Claire Poole

Texas Attorneys for Chevron Co-Lead on $60B Acquisition of Hess

A pair of in-house attorneys for Chevron in Texas is co-leading on the company’s purchase of New York-based Hess Corp. for $60 billion, including debt. Paul Weiss is serving as outside counsel to Chevron, while Wachtell Lipton advised Hess.

October 23, 2023 Claire Poole