(April 16) – The Texas Lawbook’s 2017 Corporate Deal Tracker results for M&A dealmaking are final and there are some major surprises. V&E still reigns No. 1, but a handful of national law firms that have moved into Texas are threatening to take its crown. The Texas Lawbook has all the numbers on M&A by Texas law firms.
The number of private equity deals was down last year from 2016, but deal values were up by 42 percent. This is what happens when a surfeit of capital starts chasing deals. Using data provided exclusively to The Texas Lawbook by Mergermarket, Claire Poole explains how $1 trillion in capital has affected Texas dealmaking – and why private equity is going to make transactional markets even more competitive.
Stock and trade jitters may have been behind it, but last week’s transactional activity was…limp. Eleven deals, eight firms and 32 lawyers firmed up $2.5 billion worth of business. Along with the names and numbers, Claire Poole shares her insights on the deals in ,em>The Texas Lawbook.
Corp. Deal Tracker Weekly Round-Up: 11 Firms and 121 TX Lawyers Advise on 15 Deals worth $13.4 billion
Clearly, spring recess is over. Texas dealmakers were back to work last week, loading 15 deals worth $13.4 billion into their holiday baskets. The Big Deal of the week was the Concho Resources $9.5 billion purchase of RSP Permian. But there were others of interest. Claire Poole has the numbers and names behind the deals in The Texas Lawbook.
Lawyers at McGuire, Craddock & Strother spent this past week celebrating the firm’s 25th birthday as well as the retirement of one of its founding partners, Mack Strother. The Texas Lawbook sat down with Strother to discuss his story, his career and the firm he is so proud to have helped create a quarter century ago. Details here.
Claire Poole left for vacation after writing most of last week’s roundup, and it appears Texas’s deal attorneys followed her. Texas lawyers advised on nine deals worth $4 billion, which was a 44 percent drop in dealflow from the previous week. Some firms still formed some biggies, though. Details here.
In the biggest M&A deal in the history of the Permian Basin, Midland-based Concho Resources is buying rival oil producer RSP Permian for $9.5 billion in an all stock transaction.
Dealmaking in 2017 was confounding: deals were up, but values were down. The deal count hit 735, but total reported value dropped below $400 billion. There are lots of reasons, of course. But maybe the best explanation is the market itself. Claire Poole sums up the year based on the 2017 annual Corporate Deal Tracker tallies exclusively in The Texas Lawbook.
The Texas Lawbook has learned that two partners from the Dallas office of Polsinelli and two lawyers from K&L Gates’ office in Dallas have already joined Sheppard Mullin’s operation.
Corp. Deal Tracker Weekly Round-Up: 13 Firms and 51 Texas Lawyers Advise on 17 Transactions Worth $5.8B
Spring break in parts of Texas is typically pretty slow in the deal-making world, and this past week was no exception. It was also a secretive bunch this past week, with nine transactions out of the 17 not revealing values and several companies not willing to share their deal counsel. Come on, give these poor vacationing lawyers some credit. Claire Poole has the details in her weekly roundup.