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.
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.
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.
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.