After a sluggish couple of weeks, Texas transactional lawyers picked up the pace in year-end deals. Led by a $10.1 billion exchange involving Marathon Petroleum and MPLX, the weekly action totaled $13.8 billion, consigning a gift of billable hours to 164 Texas lawyers in 16 different firms. Claire Poole details the up-to-date deals (and a couple of surprises) in The Texas Lawbook.
V&E, DLA Piper, T&K Advise on Oasis Petroleum’s $946 Million Acquisition from Forge Energy
Some familiar names were involved in the announcement late Monday of the acquisition of some West Texas assets from Forge Energy by Oasis Petroleum. The Texas Lawbook has those names involved in the deal that came with a nearly $1 billion price tag.
Corp. Deal Tracker Weekly Round-Up: Texas Lawyers Provide Their Own Holiday Activity with 10 Firms and 126 Lawyers Working 14 Transactions Worth $9.7B
A $7 billion fund formation led a post-holiday surge in transactions that also included a $285 million pickup of Linn Energy assets, a massive flatbed truck company deal and the $800 purchase of a micro-optic security technology developer. Claire Poole has the details of those deals and others in The Texas Lawbook.
Law Firms and Banks Battle for Cross-Border M&A Deals in Texas
Competition between corporate law firms and investment banks to advise buyers and sellers involved in multinational dealmaking in Texas is dominated by non-Texas-based operations with a few exceptions. The top law firms are Latham, Kirkland, V&E and Norton Rose Fulbright, while Goldman Sachs, JPMorgan and Morgan Stanley dominate the world of financial advisers. The Texas Lawbook has the exclusive details.
Cross-Border Dealmaking for TX Companies Plunges in 2017
Cross-border deals in Texas are down dramatically in 2017. Aside from the usual suspects – a strong dollar and undependable oil prices – is a new one: the uncertain parameters of the Trump administration’s “America First” policies. Some transactional lawyers think a lack of policy structure breeds uncertainty among foreign investors. Others think it has no effect at all. This exclusive in The Texas Lawbook has the numbers and the story behind them.
Locke Lord’s Steve Jacobs Advises Brookfield on $855M Houston Center Purchase from J.P. Morgan Asset Management
Locke Lord partner Steve Jacobs snagged a big real estate deal this week, serving as local counsel for Brookfield Property Partners on its purchase of the Houston Center office-and-retail complex downtown from J.P. Morgan Asset Management.
Corp. Deal Tracker Weekly Round-up: 6 Firms, 31 Lawyers, 6 Transactions, $1.8B, and a Dull Week for Texas Deal-Makers
Deals involving Royal Dutch Shell and Austin-based Bazaarvoice brightened an otherwise dull $1.8 billion week in Texas deal-making. Claire Poole has the names and the numbers behind the deals in The Texas Lawbook.
Corp. Deal Tracker Weekly Round-Up: 8 Firms, 76 Lawyers, 7 Transactions, $3.85B and One Busy Steve Gill
A large oil and gas merger and some good-sized asset deals kept activity chugging during Thanksgiving Week, with seven deals announced worth $3.85 billion, versus eight transactions valued at $11.05 billion the previous week. Eight law firms and 76 Texas lawyers were involved, compared with nine firms and 62 Texas attorneys the previous week. The Texas Lawbook has the names and the numbers behind the numbers.
V&E, Akin Gump Advise on Talos’ $1.9B Hookup with Stone
Leaders at Tacos Energy and Stone Energy say their combination will create a top offshore-focused exploration and production company with an initial equity market capitalization of $1.9 billion and an enterprise value of $2.5 billion.
Corp. Deal Tracker Weekly Round-Up: 9 Firms, 62 Lawyers, 8 Transactions, $11.05B
The corporate deal world in Texas saw fewer transactions the week before Thanksgiving, but capital markets activity caused deal value for Nov. 13-20 to jump to $11.05 billion. Activity ranged from private equity commitments and exits to a slew of public notes offerings as Wall Street marches toward year-end.
The biggest deal transaction of the week was Marathon Petroleum’s $8.1 billion asset drop-down to affiliate MPLX followed by Energy Transfer Partners’ $1.5 billion sale of preferred units. Baker Botts’ Josh Davidson led three of the transactions. The Texas Lawbook has all the names and details.