The incredible volume of SPAC investment and activity has encouraged plaintiffs’ attorneys to seek creative arguments to challenge the SPAC structure. Three derivative lawsuits filed in August in the Southern District of New York sparked an official response from nearly all of the leading transactional firms in the U.S. This article describes the implications on the SPAC practice going forward.
CDT: Texas Firm Rank All-M&A Parties
This ranks lead participation by law firms in which Texas offices were led the legal advisory teams for any parties of a merger, acquisition, divestiture or joint venture reported to or by The Texas Lawbook during the first six months of 2021 — whether or not values were disclosed.
Enbridge to Pick up Moda Midstream Assets in $3B Deal
Pipeline giant Enbridge is making a significant play in the Gulf of Mexico as it seeks to acquire key assets from EnCap Flatrock Midstream-backed Moda Midstream Operating. Vinson & Elkins, Shearman & Sterling and Sidley Austin advised.
Blank Rome Nabs Finance Pros from Holland & Knight
The finance duo – which includes the former head of Thompson & Knight’s Houston office – has significant experience in the oil and gas industry.
CDT Lead Texas M&A Law Firms for H1 2021
Corporate Deal Tracker: Law firms in which Texas lawyers were the lead legal advisors for the buyers, sellers or targets of a merger, acquisition, divestiture or joint venture during the first six months of 2021.
CDT Roundup: 12 Deals, 7 Firms, 79 Lawyers, $29.65B
When it comes to the SPAC lifecycle, wooing investors and enticing shareholders are top-of-mind for sponsors as they seek merger targets. Kirkland & Ellis partners Debbie Yee, Mark Dundon and David Wheat discuss how tax structure is a key component in bridging the valuation gap. And, in this week’s Roundup, 79 Texas lawyers took part in 12 deals tallying more than $29 billion.
Corporate Deal Tracker: 2021 M&A Master List
The Corporate Deal Tracker 2021 M&A Master List had been updated through Sept. 30. The list has been designed to grow with firm contributions. Check in regularly as the list grows.