Dealmaking among Texas lawyers was way down this past week, thanks to the spreading coronavirus and sliding oil prices. But transactions were already sickly even before the recent COVID-19 fears. Claire Poole explains.
Akin Gump Dallas Attracts Transaction Pair from Haynes and Boone
Ryan Cox was co-head of Haynes and Boone’s capital markets and securities practice while Eric Williams was chief of its M&A practice.
Energy M&A Experts: ‘A Long Dark Tunnel’
As the markets tumbled this week, The Lawbook’s Claire Poole began polling M&A experts for their take on what the future might hold. Their view was stark for the short term, cautious in the long term and instructive on the lessons that might be learned.
CDT Roundup: 16 Deals, 15 Firms, 70 Lawyers, $2.5B
It was a semi-busy deal week last week for Texas lawyers. But Monday’s stock market collapse – the biggest since the 2008 financial crisis – could be a transaction killer until a clear recovery is underway.
‘A Jarring Wakeup Call’
Pickering Energy Partners’ Dan Pickering offers his views of the turmoil in the oil and gas markets and what it means for dealmaking and bankruptcies in the sector.
‘No Place to Hide for Energy’
Oil prices and energy stocks are plunging, thanks to the coronavirus and Russia refusing to cut production, leading to worries about M&A and new bankruptcies. Observers are calling on companies to work toward generating more free cash flow by lowering spending and cutting production so they can pay down debt – and maybe acquire wounded competitors.
Tasha Schwikert: From Olympic Athlete to Mergers & Advocacy
She was a bronze medalist in the 2000 Olympics, but Tasha Schwikert’s role as an ex-athlete and lawyer may yet prove her most enduring. As Natalie Posgate explains, the reasons are personal.
CDT Roundup: 13 Deals, 13 Firms, 128 Lawyers, $15.26B
Private equity firms’ rate of return isn’t so rosy due to record amounts of dry powder pushing up prices for deals, according to a recent report. Meanwhile, dealmaking was decent among Texas lawyers last week thanks to two MLP simplification deals worth almost $10 billion.
Houston-based BMC Software buys Compuware for reported $2B
The KKR-backed buyer used Simpson Thacher attorneys in New York along with BMC’s general counsel.
Latham Advises on Another MLP Simplification Deal Worth $4B
Partner Ryan Maierson and his team aided Shell Midstream’s conflicts committee on eliminating incentive distribution rights and general partner interests and acquiring assets from sponsor Royal Dutch Shell, the second such transaction he’s worked on in a 24-hour period.