Thomas Verity Vaults to Norton Rose Fulbright
The energy-focused corporate securities partner leaves Latham & Watkins where he was a frequent contributor on some of Latham's largest transactions.
CDT Roundup: No Fuel for Thought as M&A Skips Oil & Gas for Tech and Food
For the week ending June 21 — and for this, our 25th weekly report of 2025 — there were 16 deals submitted for a total reported value at just under $6 billion (or $5.984 billion for the more exacting). On the year that's slightly above average in volume (14.9 deals per week for the first 24 weeks), and well below the average for reported value ($13.2 billion per week for those same 24). We take nothing from that except to note that this most recent week was far better than the week prior, which recorded nine deals for $478 million, and stands remarkably similar to the 12 deals for $5.6 billion recorded at the summer solstice last year. But if you're looking for something unusual — which is kinda our job here — the CDT Roundup has you covered.
Plains All American Sells NGL Assets to Keyera for $3.75B
Advised by Vinson & Elkins, Plains AA described the deal as a "win-win" transaction for both sides — an attractive cash-out for Plains and the acquisition of strategic Canadian assets by a Canadian company.
CDT Roundup: The Streak Ends, But It’s Not All Quiet as Key Deals Still Stirring
After five weeks in a row logging transactions valued at $20 billion or more, deal values finally hit the wall. Of course, part of the reason is that all of the M&A and funding deals involved private equity firms, deals whose terms are often undisclosed. Still, there were only six transactions reported. But the deals that were reported were not without importance.
Weil Advises PE Firm in Selling Stake as Part of $1.2B Deal
PSG Equity said it completed the sale of a minority stake in SevenRooms on June 16 to DoorDash as part of the food delivery service’s $1.2 billion acquisition of the customer relationship management technology company. Weil acted as legal counsel to PSG, with David Gail leading the transaction from Dallas. Madeleine Carpenter, an associate in Weil’s Dallas office, was also on the team.
Baker Hughes Sells its PSI Business for $1.15B
Baker McKenzie and K&L Gates advised on the transaction, the second in a week involving Baker Hughes. The Houston-based company is in the process of divesting or streamlining its involvement in non-core businesses.
Troutman Pepper Locke Snags Two Key Houston PE Partners
Troutman Pepper Locke has strengthened its private equity and investment funds advisory capabilities by hiring Brian Rose and Allison Pearce as partners in its Houston office, the firm announced in a news release Monday.
CDT Roundup: A Week of Energy Deals, Suicide Drones, Cybercurrency PIPES and Another $20B
Yes, the streak is still alive: for five weeks in a row transactions have totaled more than $20 billion. The menu of deals reported last week was heavy on power and energy entrees. There was a $19 billion merger of fluid motion control products. A simpler $4 billion upstream deal. A midstream JV buyout. Another JV formed. And a whole new energy E&P funded with some familiar faces. A deal for emergency power grid infrastructure services. And another for a power plant rehab firm. But there were also some interesting side dishes.