While public offerings and mergers tied to SPACs have cooled in the past few months, transaction activity tied to Texas companies in the first half of 2021 pretty much reflected the broader themes seen across the country. New H1 data from Mergermarket shows that Texas-based dealmaking is in lockstep with the rest of the planet on the road to recovery. The Lawbook’s Anna Butler describes what seems to be driving the moment.
H1 2021 M&A Rankings = Record Dealmaking for Several Law Firms
White & Case septupled its M&A deal count in Texas so far this year. Skadden Arps, Alston & Bird and Shearman & Sterling at least tripled its Texas M&A activity during the first six months of 2021. But one law firm broke Mergermarket’s record for most transactions for H1 in Texas history. The Texas Lawbook has exclusive details.
CDT Roundup: 16 Deals, 13 Firms, 143 Lawyers, $3.99B
The first half comparison between 2020 and 2021 isn’t pretty (if you’re 2020). Efforts to bolster corporate practices in the past year are on-display in The Texas Lawbook‘s first swipe at the exclusive data provided by Mergermarket. And reported M&A and capital markets activity cooled slightly during the holiday week in this week’s Roundup.
CDT Roundup: 10 Deals, 7 Firms, 85 Lawyers, $4.99B
Capital spending, oil and gas production and costs are front of mind for energy executives as uncertainty continues to slip away for firms. And in this week’s Corporate Deal Tracker roundup, a handful of Texas-based brands made big moves.
Simpson Thacher, Kirkland Counsel in Blackstone’s Backing of Fort Worth’s Simpli.fi
Blackstone is joining GTCR in backing a Fort Worth company in its next phase of growth. Simpson Thacher and Kirkland provided counsel on the investment.
Irving Subprime Auto-loan Firm Gets New Owner
Private equity continues to circle subprime loans and distressed debt opportunities as an investor group led by Warburg Pincus buys out Blackstone funds in Irving’s Exeter Finance.
5 Questions With Hunton AK’s Courtney Cochran Butler: An ESG Overview and Its Relationship to Issuers
Anticipation around forthcoming ESG regulation has left issuers, banks and investors in limbo. Hunton Andrews Kurth’s Courtney Cochran Butler breaks down what’s front of mind for issuers awaiting guidance and further considerations in this interview with The Texas Lawbook.