It was slim pickings in M&A and securities work by Texas lawyers this past week, with only six transactions reported involving 36 attorneys in-state and $2 billion in value. The Texas Lawbook has the details here.
Q3 2017 Texas M&A: Deal Count Drops, Deal Value Jumps
Third quarter mergers and acquisitions involving Texas companies dropped to the lowest point in four years, according to the research firm Mergermarket. Thanks to a handful of large-dollar deals, transactional value jumped 39 percent in Q3 compared to earlier periods in 2017. The Texas Lawbook has the data.
O&G consolidation forecast: “It’s going to be good for bankers and lawyers.”
A crowded field of investors, sticky oil prices and the return of investor activism have set the stage for a glut of consolidation in the oil and gas sector, predicts a major investment adviser. Lawyers and bankers need to sharpen their pencils. Claire Poole has the details in The Texas Lawbook.
Mergermarket: Evercore Tops Financial Advisers in Texas
Evercore continues its reign as the financial adviser handling the most M&A involving Texas-based businesses. Piper Jaffray, JPMorgan, Barclays, Citi and Moelis saw the number of deals in which they are advising jump significantly. The Texas Lawbook has these exclusive numbers from Mergermarket.
Corp. Deal Tracker Weekly Round Up: 12 Transactions, 100 Texas Lawyers, $6.57B in Value – Updated
M&A and capital markets activity surged last week. From Locke Lord advising Medallion Gathering on its $1.8 billion sale to V&E counseling Omega on a $500 million acquisition, 100 Texas lawyers worked on a dozen transactions worth around $6.57 billion. The Texas Lawbook has all the details.
Corp. Deal Tracker Weekly Roundup: Eight Transactions, 19 Texas Lawyers, $3.1B in Transactions
M&A and capital markets activity involving Texas lawyers were sparse in number and modest in size last week. In all, eight transactions were announced in M&A, private equity and securities offerings during the final week of September. The Corporate Deal Tracker shows that 19 lawyers from 11 different firms worked on the transactions that had a cumulative value of $3.1 billion. The Texas Lawbook has the details.
Corp. Deal Tracker Weekly Roundup: 80 Texas Lawyers Worked on $4.88B in M&A Deals & Security Offerings
Eight M&A and private equity transactions with a total combined deal value of more than $4 billion. The three securities offerings – one IPO and two debt offerings – raised about $770 million. Last week showed that the energy sector remains a vibrant deal market.
Corp. Deal Tracker Weekly Round Up: Midstream M&A, IPO’s Highlight Week, Along With Chevron, Nabors Deals
Fresh off the $2.2 billion acquisition of the Houston Rockets, Texas billionaire Tilman Fertitta has done another deal and a $1.4 billion securities offering. The Landry’s/Golden Nugget transaction was one of several deals that kept Texas corporate lawyers busy last week. AKK, Baker Botts, DLA Piper, HayBoo, Jones Day, Latham, Locke Lord and V&E were among the firms leading the transactions.
M&A Round Up: AKK, V&E Find Plenty of Deal Work
The week after Labor Day signified the return to work for a lot of Texas deal lawyers, despite the residual damage in Houston from Hurricane Harvey. Herewith are some highlights of recent deals that portend a busy fall, at least in the energy sector.
Texas GCs Steven Scheinthal and Rafael Stone — The Legal Minds Behind $2.2B Houston Rockets Deal
Non-Texas lawyers at DLA Piper and White & Case did the paperwork, but the Houston-based general counsel for Fertitta’s restaurant, entertainment and hotel company Landry’s and the longtime general counsel for the Rockets and its home court the Toyota Center negotiated the deal. “That is how we kept it quiet and it was done fast,” Scheinthal told The Texas Lawbook.