Weil, V&E Advise on WPX’s $2.5B Purchase of EnCap-backed Felix
Analysts say the deal is attractive for WPX compared with other recent transactions in the consolidating oil patch and may lead to asset sales to help with financing.
Locke Lord, Jones Day Aid on Asbury Auto’s $1B Purchase of Park Place Dealerships
The deal increases the buyer's presence in Dallas, which is considered one of the country’s most desirable luxury car markets, with Texas becoming 36% of its sales.
Elite National Corporate Firms Dominate Big Dollar M&A in Texas
There have been 11,013 M&A transactions in Texas during the past 13 years with a combined value of $3.4 trillion. Mergermarket and The Texas Lawbook examined which law firms did most of the biggest deals. Only five of the top 30 firms are based in Texas. Four of the top 10 firms do not have an office in the state.
CDT Roundup: 11 Deals, 11 Firms, 55 Lawyers, $10.4B
Energy service and equipment deals are sagging, much like the rest of the sector, with strategic companies the most active acquirers and private equity buyers remaining focused on transactions with diversified exposure across the value chain. Claire Poole explores that plus the continued slide in deal activity by Texas lawyers.
Texas Capital, Independent Go with Non-Texas Lawyers as Primary Counsel on $5.5B Merger
Texas Capital GC Kelly Rentzel chose Sullivan & Cromwell to lead its side of the transaction, while Independent GC Mark Haynie selected Wachtell Lipton. The Texas Lawbook has the details.
Texas PE Deals are Down and O&G is the Culprit
Private equity investment is down this year in Texas, and oil and gas have been particularly affected, according to exclusive data provided to The Texas Lawbook by Mergermarket. How low? Claire Poole has an analysis.
CDT Roundup: Beyond Finally Bags The Container Store in Long-Courted Takeover
The CDT Roundup saw 11 deals reported for the week ended April 4 with a total valuation of nearly $33 billion. The prior week had 13 deals reported with a total value of $10.7 billion, while a year ago at this time there were 19 deals valued at $27.76 billion.
The bulk of the week’s value derives from a $29.1 billion megamerger between two food distribution giants, Sysco and Jetro Restaurant Depot.
But the most interesting may be the much smaller acquisition — finally — of The Container Store by Beyond, Inc., better known by its pre-bankruptcy moniker Bed Bath & Beyond.
That and more in this edition of CDT Roundup.
Thirteen Years of Texas M&A: Three Law Firms, 2,000 Deals, $2 Trillion
Lawyers at Kirkland, Latham and V&E say they see each other across the table in the biggest M&A deals in the Lone Star State. New Mergermarket data shows the dominance of the trio of law firms in Texas dealmaking is far from a new trend. The numbers are staggering. To be sure, other corporate law firms operating in Texas have done their fair share of dealmaking. The Texas Lawbook looks back at more than a dozen years of M&A and the law firms doing the work.
CDT Roundup: 14 Deals, 12 Firms, 129 Lawyers, $2.45B
M&A picked up globally in November, pushing yearly totals close to last year’s, and one forecaster expects more good times ahead. Claire Poole reports on that plus dealmaking among Texas lawyers.
Mergermarket: Kirkland Sets Texas M&A Record for Second Straight Year
Kirkland & Ellis is having back-to-back record years for representing businesses and private equity firms doing deals in Texas. Three law firms – Kirkland, V&E and Latham & Watkins – hold the top 18 spots for having advised the most buyers, sellers and investment banks in M&A transactions in a single year. The Texas Lawbook has the details.
Q&A in the PE Space: Mike McGill of MHT Partners
Mike McGill co-founded MHT Partners in Dallas in the first half of 2001. The timing wasn't great. But McGill and MHT have endured, and Claire Poole talked to him about the growing influence of PE, what it takes to survive and what to expect after 2019.
