HollyFrontier and Holly Energy Partners Add Sinclair Dinosaur for $1.8B
Dallas-based HollyFrontier Corporation and Holly Energy Partners are paying $1.8 billion to add Sinclair Oil's iconic brand and distribution network to their operation.
CDT Roundup: 21 Deals, 9 Firms, 142 Lawyers, $7.7B
Traditional oil and gas looking to make headway in the energy transition space scored a win last month thanks to new guidance from the IRS. Houston-based Latham & Watkins partner Jim Cole broke down the impact of the ruling on retrofits. And in the Roundup, it was a big week for IPOs with ties to Texas counsel as de-SPAC mergers dipped slightly after last week's flurry.
CDT Roundup: 21 Deals, 11 Firms, 139 Lawyers, $6.3B
There’s no hard and fast rule for expansion in Texas, but one firm has made a less-than-subtle push into the top dealmaking firms in the state. Here’s a look at what White & Case office executive partner Jay Cuclis says will continue to drive the firm’s growth in 2021 – along with details of transactions as part of this week’s Corporate Deal Tracker Roundup.
Goldman, JPMorgan Rule H1 2021 League Tables
Exclusive data from Mergermarket breaking down the leaderboard for financial advisors showed two new top dogs for deal value and count for the first half of 2021. Here's a look at which firms are commanding the league tables so far this year.
CDT Roundup: 14 Deals, 11 Firms, 124 Lawyers, $4.009B
Mergermarket data provided exclusively to The Texas Lawbook shows that deal flow quarter over quarter continued at a rapid clip in the first half of the year, but the deal values came with a heftier price tag in Q2. And in this week's Corporate Deal Tracker Roundup, July continues to lag – though nothing new based on comparative data.
Deal Flow in First Half of 2021 Overshadows 2020 – But It Wasn’t Difficult
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.
The Buzzword in Oil and Gas? ‘Scale’
Transaction volume in oil and gas is expected to continue at a consistent clip through the rest of the year. The Texas Lawbook has more on the outlook in the space – with Skadden partner Eric Otness of Houston adding perspective to the midyear update.
CDT Roundup: 24 Deals, 13 Firms, 94 Lawyers, $7.49B
The adoption and development of battery storage systems could mean big things for the energy transition and middle-market private equity firms are taking note. Kirkland's Shubi Arora touches on the potential of backing the technology in this week's edition of the Corporate Deal Tracker Roundup.
White & Case, Kirkland Advise on Celanese’s Planned Buy of ExxonMobil Unit
The Dallas-based chemical and specialty materials company is turning to a well-regarded ExxonMobil business to push forward its efforts tied to the red-hot future mobility, medical and sustainability spaces.
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.
