EchoStar Sells Spectrum Licenses to SpaceX for $17B
White & Case and Gibson Dunn advised on the megadeal which will enhance the ability of SpaceX to expand its Starlink "Direct to Cell" service.
Daria Russell Has Helped Mattress Firm Navigate a Decade of Highs and Lows
Daria Russell has experienced a lot since she joined the legal team at Houston-based Mattress Firm in 2015 — more than a dozen M&A transactions, including a 2016 $3.8 billion merger, a crippling accounting scandal involving the company’s former corporate parent, a subsequent 2018 multibillion-dollar corporate bankruptcy and then a $5 billion merger with Tempur Sealy that closed earlier this year. In May, Mattress Firm rewarded Russell for her decade of extraordinary legal work by promoting her to general counsel, overseeing five in-house lawyers, two health and safety professionals and seven loss-prevention contractors. Russell, like most corporate chief legal officers, is dealing with issues ranging from artificial intelligence and intellectual property rights and data privacy issues to ESG compliance and everything digital.
CDT Roundup: Capital Markets Deals Drive $8.6B Week
The week that ended Sept. 6 saw 20 deals with a reported value of $8.6 billion. That seems, at first glance, far better than last week's 10 total deals for $3.5 billion. And it is. But not better than the 12 deals for $20 billion we saw this time last year.
But a closer look shows that the numbers were thin on money actually changing hands. First off, most of the money reported was on the capital markets side, $5.7 billion of the $8.6 billion reported. And on the M&A side, we saw $2.9 billion reported, but $1.57 of that was in a single midstream deal.
That and more in this edition of CDT Roundup.
Former Energy GC Brock Degeyter Joins Troutman Pepper Locke in Dallas
Degeyter was most recently the general counsel, chief compliance officer, and secretary of Medallion Midstream until its $2.6 billion acquisition by ONEOK, which closed last October. His in-house resume also includes helping lead Summit Midstream's IPO and working on the historic leveraged buyout of TXU Corp.
Plains All American to Acquire 55% of EPIC Pipeline for $1.57B
Latham, V&E and Akin advised on the deal which will see Diamondback and Kinetik Energy exit their ownership stake in the strategic 800-mile crude oil pipeline.
Dallas PE Partner Boomerangs Back to Weil
Dallas private equity veteran Nate Christensen has rejoined Weil as a partner, strengthening the firm's dealmaking expertise in sectors including energy, infrastructure and real estate. With over 20 years of experience, Christensen is the 15th partner nationwide to return to Weil since early 2023, following his roles at Norton Rose Fulbright, Foley & Lardner, HN Capital Partners and Hunt Consolidated. The arrival follows other strategic lateral hires in Texas for the firm and Christensen chatted with The Texas Lawbook about the move, the market and more.
CDT Roundup: Big Start, Quiet Finish For Deal Week Going into Holiday
The week ending Aug. 30 saw 10 deals with a reported value of $6.6 billion. That's a significant drop from the prior week's 23 deals for $15.2 billion. We could write that off as a holiday week problem, but last year at this time, we saw 13 deals for $20.6 billion. The week began strong enough with the announcement of a $3.1 billion acquisition in the Permian and AT&T's $23 billion licensing agreement with EchoStar, but M&A simply dwindled over the rest of the week. That and more in this week's CDT Roundup.
Dynamic Energy Deal Duo: Catching up with Skadden’s Emery Choi and Mingda Zhao
Skadden’s Houston M&A group recently welcomed veteran oil and gas partners Emery Choi and Mingda Zhao, reuniting them with prominent Texas dealmaker Steve Gill. Together, Choi and Zhao bring years of experience steering energy sector clients through high-stakes M&A, joint ventures and cross-border investments. Their record includes leading transactions such as billion-dollar-plus deals for Continental Resources, Marathon Oil and Occidental Petroleum. The duo recently shared with The Texas Lawbook their insights on today’s energy M&A landscape, shifting capital trends and the evolving deal dynamics shaping the current market.
