DBJ: PE Firm Announces Third Acquisition in Under a Month
The Dallas-based energy private equity firm most said it would acquire NorTex Midstream Partners, a Houston-based natural gas storage and transportation company.
CDT Roundup: 12 Deals, 7 Firms, 81 Lawyers, $4.9B
Energy is back in the news, and not in a good way. The Texas grid, which has worked remarkably well in developing new energy sources, crashed mercilessly this week. With warmer weather on the horizon, get ready for the cleanup, the political recriminations and the lawsuits. They could last for years, suggests one expert. The CDT Roundup looks at the mess, in addition to last week's dealmaking.
Delaware Court Validates Regency-ETP Merger With $1.6B Defense Win
A Delaware court this week handed a trial defense win to Energy Transfer in a dispute that stemmed from the 2015 mega-merger between ET companies Regency Energy Partners and Energy Transfer Partners, clearing the defendants of $1.6 billion in possible damages.
Energy Transfer to Acquire Enable Midstream in $7.2B Deal; Latham, V&E Advise
[Updated to include new names]
The deal consolidates a large swath of energy pipelines across four states and aids Energy Transfer's drive to deleverage its balance sheet. The Lawbook's Allen Pusey has the names of the lawyers involved.
Houlihan Lokey, JP Morgan Lead Advisor Tables
The top three financial advisors for deals involving Texas firms, as well as six of the top ten firms, experienced declines from 2019. Caroline Evans has the numbers and the names.
Match.com CLO Jared Sine Leads Yet Another Billion-Dollar Deal
Neither global pandemic nor 13-hour time difference nor language barriers stays the ability of Jared Sine to the swift completion of a $1.7.billion deal. As chief legal officer for Match Group, Sine said the biggest challenge in acquiring Seoul-based Hyperconnect was gaining the trust of a thriving business's founders.
Munck Wilson, Shearman Advise on Plano-based Tyler Technologies’ $2.3 Billion Cash Takeover of NIC
Looking to expand its reach into government agencies, Tyler Technologies acquired NIC Inc., a digital government payments provider. Caroline Evans has the names of the lawyers tapped for the deal.
Jeff Chapman’s Really Big Year
M&A activity may have been down across Texas in 2020, but Gibson Dunn partner Jeff Chapman had the busiest year of his 37-year career. He worked on six billion-dollar-plus transactions and a few smaller deals. But there is much more to Chapman's story than dealmaking.
CDT Roundup: 18 Deals, 13 Firms, 153 Lawyers, $9.75B
Recent rig count stats suggest a modest rebound in oil and gas. Crude oil prices hovering around $60 per barrel suggest that optimism isn't just a guess. The question is whether higher commodity prices mean a future for new production, or simply a better return on the O&G already drilled. In the Corporate Deal Tracker Roundup, Caroline Evans looks at the evidence, along with last week's deals.
DBJ: Frisco Video Game Company Getting Acquired in Massive Deal Worth Up to $1.3B
The maker of "Borderlands" has agreed to a transaction that will make it a wholly-owned subsidiary of Sweden's Embracer Group. Brian Womack of the Dallas Business Journal has the details.
CDT Roundup: 18 Deals, 9 Firms, 182 Lawyers, $9.5B
SPAC deals have become a phenomenon during the last few months. That's because they offer a path to going public that is easier than traditional routes. That said, there may be a downside to the new tool. Caroline Evans discusses along with last week's deals in the CDT Roundup.
Fertitta Empire to Go Public via $1.4 Billion SPAC Deal
In his third SPAC transactions in a matter of weeks, Houston entertainment entrepreneur Tilman Fertitta is taking his restaurant and gaming assets public. Caroline Evans has the names of those involved in the merger of his $6.6B company with a $200 million special acquisition entity known as FAST.
