M&A in North America reached a record $2.7 trillion in 2021, according to PitchBook last week. Meanwhile deals in Texas kept apace with nearly a dozen. The CDT Roundup has all of them, and the lawyers involved.
CDT Roundup: 13 Deals, 10 Firms, 99 Lawyers, $5.1B
Upstream M&A values for oil and gas were up last year by 25% over 2020, a hopeful sign that energy production transactions are getting back to pre-Covid levels. However, gains in deal volume were slight. At the moment, 2022 seems set for continued deal flow, particularly in the mid-size markets. But beyond? The CDT Roundup has more on those numbers and a look at the lawyers who provided last week’s deals.
Chesapeake Picks Up Chief for $2.65B
Three firms in Texas — Gibson Dunn, Shearman & Sterling and Akin Gump — advised on the deal, which was reported as in its final stages last week. Some analysts are curious how Chesapeake will hedge, given concerns about the outlook for natural prices in 2023.
Q&A with Jackson Walker Deal Partner Kyle Hooper
The Texas Lawbook caught up with Hooper about his decision with Brian Lidji to join forces with one of the largest firms in the state, memorable deals he and Lidji have handled and their clients’ concerns.
Becky Diffen: Catching the New Winds in M&A
Over the past couple of decades Becky Diffen has managed to fashion a student passion into a formidable career guiding M&A transactions for renewable energy projects. She’s not only seen the energy business change, she’s literally been an agent of that change. Nushin Huq profiles her personal transition for The Texas Lawbook.
CDT Roundup: 12 Deals, 9 Firms, 155 Lawyers, $7.6B
2021 was a record year for private equity in the U.S. According to PitchBook stats there were 8,600 PE deals worth more than $1.2 trillion, waaay higher than even the previous record. The Roundup has more on the banner year, as well as last week’s reported transactions.
Locke Lord Corporate Team in Dallas Departs for O’Melveny
The five-partner team — highlighted by Whit Roberts and Jack Jacobsen, two Locke Lord lifers — includes three who have held firm or department-wide leadership roles. This latest move brings O’Melveny’s Texas partner total to 15, with more lateral poaching expected by the Los Angeles-headquartered firm.
A Renaissance Lawyer: Glenn West
Glenn West considers himself a private equity lawyer. But over his 43-year career, he’s advised on everything from real estate and oil and gas to sports deals to acquisition finance to restructuring.