Houston Public Finance Group Jumps to Jackson Walker
A team of four public finance partners from Orrick have moved to Jackson Walker. The Texas-based firm also said it has added a tax partner from California.
Latham Advises on $1.1B Gulf Coast Terminal Deal
The South Texas Gateway Terminal, located just outside Corpus Christi, is the second largest crude oil terminal facility in the U.S. The deal will be financed by a variety of debt offerings along with permanent financing backed by a $350 million bought deal offering of subscription receipts.
Earthstone Acquires Novo with a Buy-In by Northern O&G
The deal includes a concurrent sale of working assets to Northern O&G for the equivalent of a third of the consideration, meaning a net payout for Earthstone of $1 billion. The transaction, which involved nearly 40 lawyers from Kirkland and V&E, extends Earthstone's reach in the Delaware Basin. The Lawbook has the details and, of course, the names of the lawyers involved.
Patterson-UTI Buys NexTier for Almost $2B
Gibson Dunn advised the buyer while Kirkland assisted the seller in what's being billed as a merger of equals worth $5.4 billion.
CDT Roundup: 19 Deals, 13 Firms, 118 Lawyers, $8.5B
Deals are down across the globe, according to Refinitiv. In the U.S. the view is a little more complicated. In Texas, it's a lot more complicated — but in a good way. The CDT Roundup has the numbers for you to consider, along with the usual rundown of last week's deals.
UPDATED: Dealmakers Leave Jones Day, Kirkland for Clifford Chance
The London-headquartered firm's Houston office launch team of "at least 10 partners" is taking shape. Partners from Kirkland & Ellis and Jones Day are joining a roster that also includes dealmakers from Vinson & Elkins and Latham & Watkins.
CDT Roundup: 12 Deals, 12 Firms, 138 Lawyers, $6.1B
PureWest was sold last week for $1.84 billion to an unusual consortium of family offices and financial institutions. But you knew that because we wrote about the 67 lawyers at four different firms that worked on it. But PureWest has an interesting history that winds from Wyoming to Appalachia through a couple of bankruptcies and a couple of different names. The CDT Roundup recounts that history, along with a list of the lawyers and firms who reported their deals last week.
Clifford Chance Lands Castelan
The energy M&A/infrastructure attorney worked on several deals for Latham, including counseling ExxonMobil and Chevron on projects.
PureWest Energy Closes Merger with Family Offices, Financial Institutions for $1.84B
Members of buying consortium included A.G. Hill Partners, Cain Capital, Eaglebine Capital Partners, Fortress Investment Group, HF Capital, Petro-Hunt and Wincoram Asset Management.
CDT Roundup: 17 Deals, 10 Firms, 67 Lawyers, $12.2B
While the CDT Roundup has noted the part played by Texas lawyers at Vinson & Elkins and Kirkland & Ellis on behalf of PE giants KKR and Blackstone, another has raised its hand: Simpson Thacher & Bartlett. This week's Roundup notes the seven deals involving Texas bar card holders at the vaunted New York white shoe firm. As always there's the usual rundown of transactions reported last week, along with the names of the firms and lawyers attached to them.
Chris Bennett leaving STB for Weil
The recruiting of Bennett is part of Weil’s buildout of its energy practice in Texas after some recent departures. Bennett is the second prominent addition to Weil’s energy group in Houston in the past month, following the arrival of partner Omar Samji in April.
CDT Roundup: 11 Deals, 8 Firms, 103 Lawyers, $22.5B
At the top of the most active private equity performers during the first quarter of 2023 was Ares Management, according to recent rankings by PitchBook. The CDT Roundup this week looks at the part played by Texas firms in Ares' activity over the last year or so. That, of course, comes with the weekly roster of firms and lawyers who are reporting deals in what is a less-than-shiny market.
