Global M&A activity looks pretty sickly so far this year, falling 11% to $2.8 trillion – the slowest pace in more than two years, according to Refinitiv. But conditions may be turning around, with dealmaking among Texas lawyers hopping last week. Claire Poole reports.
Latham, V&E Advise on Roan Resources’ $1B Purchase by Warburg-backed Citizen
The offer represents a 24% premium for Roan, which was born out of the bankruptcy of Linn Energy and will be led by a former Linn executive.
Gibson Dunn Advises SK Innovation on $1.05B Peruvian Gas Field Sale to Pluspetrol
The South Korean seller plans to use the proceeds to diversify into other energy sectors and expand in Asia and North America.
Locke Lord, Orrick Assist on NextEra’s Purchase of Meade Pipeline from Cabot, Others for $1.37B
The transaction – which includes $90 million for expansion – comes as Appalachia’s Marcellus Shale continues to lack pipeline capacity to carry natural gas to market.
The Deals, The Law Firms, The Lawyers
Our expert team has examined every transaction recorded by the Corporate Deal Tracker – there were thousands of them handled by Texas lawyers in 2018 and 2019. This article details how The Lawbook plans to unveil the findings.
CDT Roundup: 14 Deals, 16 Firms, 66 Lawyers, $6.3B
Despite rising valuations, investors remain giddy about private equity, with 40% of those surveyed saying they planned to commit more capital to the asset class and 68% looking to target small to mid-market buyout funds. Claire Poole reports on that plus dealmaking involving Texas lawyers last week.
CDT Roundup: 15 Deals, 12 Firms, 56 Lawyers, $23.8B
Activist investors hit one of Texas’ largest companies and dealmaking value reached high numbers thanks to one law firm’s advice to a new real estate fund, the largest ever.
King & Spalding Transactional Partner Jeff Malonson Jumping to Weil
The move, which King & Spalding has apparently known for weeks, is part of the planned expansion of Weil’s Houston office.
Latham, Kirkland Advise on Energy Transfer’s $5.1B Acquisition of SemGroup
Analysts say the acquisition represents a sharp reversal from Energy Transfer’s recent messaging on portfolio management, capital discipline and accelerated deleveraging.
CDT Roundup: 17 Deals, 15 Firms, 98 Lawyers, $3.5B
The public markets are shrinking while private equity is expanding, with investors putting 14% of their assets in private markets, a number that’s expected to balloon to 20% over the next 10 years. Private equity deals are increasingly showing up on the Corporate Deal Tracker, making up half of last week’s activity after the Labor Day holiday. Claire Poole reports on the trend.