CDT Roundup: 18 Deals, 14 Firms, 216 Lawyers, $5.2B

Sameer Mohan has really been a rainmaker for Morgan Lewis.

The Houston partner, who joined in 2018 after a 18-year stint at BakerHostetler, worked on two deals announced this past week for repeat clients: MPLX on investment Whistler Midstream and Cheniere Energy Inc. executing agreements to move forward with the construction of the ADCC Pipeline, a new joint venture; and the Netherlands’ Pon Holdings on fire safety services provider Hiller Cos.’ sale of a stake to Littlejohn & Co.

Mohan is not only the office leader of the Houston and Dallas corporate and business transactions practice, he also serves as the deputy leader of the firm’s global corporate and business transactions group (with Alec Dawson in New York). He advises on energy as well as healthcare, manufacturing, technology and sports deals for public and private companies.

Among his better-known transactions: Generate Life Sciences on its sale to CooperCompanies for $1.6 billion; BP on its purchase of ArcLight’s interest in their JV Thorntons, a convenience store chain with 200 outlets in the midwestern U.S. and Florida; and former Houston Rockets star James Harden on his acquisition of a minority ownership interest in the Houston Dynamo and the Houston Dash soccer clubs.

As Mohan predicted when we last spoke to him this past January, “The U.S. M&A market remains attractive and I have not heard any slowdown in deal-making plans on the part of clients looking ahead to the next 12 months or so.”

Indeed, Texas lawyers didn’t really slow down during the week ending Sept. 24. There were a total of 18 deals worth a reported $5.2 billion. Of those, 15 were M&A transactions valued a tad beyond $4 billion along with another $1.14 billion in 3 capital markets deals.

Compare that, unfavorably if you like, to last week’s 21 deals for $8.3 billion or last year’s 11 deals for $11.5 billion. But let’s face it, in a week when 216 lawyers at 14 different firms reported $5.2 billion in 18 different deals, that would be unnecessarily and unreasonably harsh.

Weekly Corporate Deal Tracker Roundup Stats

A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)

Week Ending	Deal Count	Amount	Firms	Lawyers	M&A Count	M&A Value $M	CapM Count	CapM Value $M
10-May-2025	24	$33,175	16	206	19	$30,765	5	$2,410
03-May-2025	11	$4,249	13	90	11	$2,226.5	2	$2,022.5
26-Apr-2025	12	$8,787	9	168	9	$6,011	3	$2,776
19-Apr-2025	11	$8,097	7	138	9	$7,985	2	$112
12-Apr-2025	13	$2,392	8	152	10	$2,065	3	$327
05-Apr-2025	19	$27,762	15	188	16	$25,473	3	$2,289
29-Mar-2025	21	$8,188	10	258	16	$4,125	5	$4,064
22-Mar-2025	19	$6,485	14	231	15	$4,128	4	$2,857
15-Mar-2025	13	$13,737	13	151	10	$9,932	4	$3,805
8-Mar-2025	7	$2,234	5	66	5	$224	2	$2,100
1-Mar-2025	11	$3,050	8	75	10	$2,550	1	$500
24-Feb-25	12	$16,397	7	149	6	$6,635	6	$9,862
17-Feb-25	17	$12,136	13	134	10	$9,411	2	$2,725
10-Feb-25	14	$7,154	9	179	9	$4,950	5	$2,204
3-Feb-25	16	$10,068	7	200	11	$7,553	5	$2,515
25-Jan-25	14	$10,261	10	125	9	$2,207	5	$8,054
18-Jan-25	19	$7,382	15	316	12	$2,300	7	$5,082
11-Jan-25	21	$33,560	16	187	16	$32,521	5	$1,039
4-Jan-25	9	$6,827	9	80	9	$6,827	0	0
21-Dec-24	11	$2,798	11	92	8	$2,229	3	$570
14-Dec-24	15	$5,323	12	186	12	$3,812	3	$1,511
07-Dec-24	16	$4,766	10	231	11	$2,321	5	2,445
30-Nov-24	10	$10,291	9	103	4	$8,290	6	$2.001
23-Nov-24	15	$4,553	15	153	11	$3,379	4	$1,174
16-Nov-24	17	$11,488	11	245	13	$10,186	4	$1,303
09-Nov-24	14	$2,110	12	139	12	$1,410	2	$700
02-Nov-24	12	$52,788	11	107	11	$52,738	1	$50
26-Oct-24	8	$3,160	8	65	7	$3,065	1	$75
19-Oct-24	12	$5,304	11	136	11	$4,554	1	$750
12-Oct-24	17	$8,438	12	150	15	$8,116	2	$322
05-Oct-24	22	$23,181	12	189	15	$19,980	7	$3,201
28-Sep-24	11	$2,356	7	144	7	$53	4	$2,303
21-Sep-24	12	$9,568	10	169	5	$4,101	7	$5,467
14-Sep-24	24	$10,988	12	235	16	$7,175	8	$3,813
7-Sep-24	12	$20,420	16	168	11	$20,307	1	$112.9
31-Aug-24	13	$20,631	9	134	12	$14,775	1	$5,856
24-Aug-24	19	$8,452	21	325	16	$7,102	3	$1,350
17-Aug-24	25	$49,196	16	304	11	$39,386	14	$9,810
10-Aug-24	20	$12,264	15	312	16	$9,794	4	$2,470
03-Aug-24	26	$16,498	16	334	18	$8,137	8	$8,361
27-Jul-24	19	$16,442	21	271	15	$13,838	4	$2,604
20-Jul-24	15	$16,016	14	184	10	$14,232	5	$1,784
13-Jul-24	20	$17,220	14	265	18	$7,146	2	$10,074
6-Jul-24	11	$3,941	11	95	8	$2,650	3	$1,291
29-Jun-24	14	$6,296	15	224	8	$6,296	6	$1,927
22-Jun-24	12	$5,679	8	137	5	$210	7	$5,469
15-Jun-24	13	$9,895	16	214	10	$5,280	3	$4,615
8-Jun-24	19	$23,859	13	239	12	$19,436	7	$4,423
1-Jun-24	12	$34,510	11	147	9	$26,110	3	$8,400
25-May-24	13	$9,684	15	171	10	$4,434	3	$5,250
18-May-24	11	$5,490	11	173	8	$3,129	3	$2,361
11-May-24	22	$14,855	14	227	16	$11,105	6	$3,750
4-May-24	13	$3,139	9	87	10	$1,297	3	$1,842
27-Apr-24	10	$6,684	6	28	10	$6,684	0	0
20-Apr-24	19	$15,989	11	147	9	$5,208	10	$10,781
13-Apr-24	13	$8,952	9	76	10	$1,652	3	$7,300
6-Apr-24	23	$26,616	14	222	14	$13,501	8	$13,116
30-Mar-24	12	$9,286	8	136	8	$4,299	4	$4,987
23-Mar-24	18	$5,451	17	266	16	$4,759	2	$692
16-Mar-24	21	$11,437	13	186	14	$9,316	6	$2,070
9-Mar-24	23	$4,695	21	218	19	$2,723	4	$1,972
2-Mar-24	20	$9,108	19	372	14	$4,558	6	$4,550
24-Feb-24	19	$16,382	12	248	15	$9,507	4	$6,875
17-Feb-24	16	$29,932	15	157	12	$29,216	4	$716
10-Feb-24	25	$10,750	17	196	19	$5,372	6	$5,379
3-Feb-24	12	$8,416	18	125	9	$3,416	3	$5,000
27-Jan-24	9	$8,165	9	87	8	$7,815	1	$800
20-Jan-24	14	$4,084	12	109	12	$3,219	2	$865
13-Jan-24	17	$33,588	12	256	12	$26,765	5	$6,823
6-Jan-24	8	$7,915	8	84	6	$7,265	2	$650
30-Dec-23	17	$14,599	12	99	15	$2,714	2	$11,885
23-Dec-23	23	$4,182	13	219	16	$1,813	7	$2,370
16-Dec-23	13	$16,436	13	280	7	$15,150	5	$1,286
9-Dec-23	26	$14,633.90	17	244	16	$8,095	10	$6,538.90
2-Dec-23	13	$6,720	9	57	12	$6,630	1	$90
25-Nov-23	9	$4,835	9	131	6	$1,785	3	$3,050
18-Nov-23	22	$6,568.70	17	184	14	$4,709.20	8	$1,859.50
11-Nov-23	15	$9,825	13	179	12	$6,581	3	$3,244
4-Nov-23	15	$20,582.50	14	193	12	$19,417.50	3	$1,165
28-Oct-23	18	$68,419.10	18	152	15	$66,646	3	$1,773.10
21-Oct-23	16	$6,755.90	16	165	15	$6,755.90	1	$3
14-Oct-23	14	$67,851.20	13	125	9	$61,998.50	5	$5,852.70
7-Oct-23	17	$6,595.50	13	228	16	$5,995.50	1	$600
30-Sep-23	17	$1,896.45	13	189	14	$806.45	3	$1,090
23-Sep-23	23	$6,432.70	17	230	16	$1,402.80	7	$5,029.90
16-Sep-23	25	$23,226.70	23	353	16	$17,239	9	$5,987.70
9-Sep-23	12	$6,369	8	102	7	$4,311	5	$2,058
2-Sep-23	14	$2,522	6	92	13	$1,322	1	$1,200
26-Aug-23	17	$12,160.25	13	202	15	$6,573.25	2	$5,587.00
19-Aug-23	19	$11,505	13	213	15	$11,255	4	$250
12-Aug-23	19	$9,698.80	13	184	7	$3,270	12	$6,428.80
5-Aug-23	13	$5,201	12	118	12	$5,051	1	$150
29-Jul-23	15	$21,031.60	13	196	11	$18,292.00	4	$2,739.60
22-Jul-23	18	$3,992	12	130	13	$2,808	5	$1,184
15-Jul-23	13	$8,254.95	13	81	13	$8,254.95	0	0
8-Jul-23	16	$5,441.45	12	172	11	$2,443	5	$2,998.45
1-Jul-23	16	$6,872	10	105	12	$5,474	4	$1,398
24-Jun-23	13	$10,914	16	201	10	$7,874	3	$3,040
17-Jun-23	17	$5,880.70	15	151	15	$4,705.70	2	$1,175
10-Jun-23	19	$8,516.10	13	111	16	$6,252.40	3	$2,263.70
June 3 2023	12	$6,104.42	12	138	8	$4,256.92	4	$1,847.50
27-May-23	17	$12,200	10	67	11	$6,165	6	$6,035
20-May-23	11	$22,458.10	8	103	4	$19,455	7	$3,003
13-May-23	12	$7,034	10	101	8	$5,460	4	$1,574
6-May-23	20	$3,297.60	18	196	17	$2,985.60	3	$312
29-Apr-23	23	$3,691.20	18	135	17	$1,969.70	6	$1,721.50
22-Apr-23	16	$5,570	14	104	14	$4,750	2	$1,000
15-Apr-23	12	$23,818.10	9	59	10	$21,618.10	2	$2,200
8-Apr-23	16	$7,949	9	173	9	$5,472	7	$3,477
1-Apr-23	21	$18,676.70	12	175	11	$10,926.70	10	$7,750
25-Mar-23	15	$8,779.50	10	141	5	$2,362	10	$6,416.50
18-Mar-23	7	$14,048.80	6	69	5	$13,345	2	$703.80
11-Mar-23	21	$11,576	16	165	16	$8,131	5	$3,445
4-Mar-23	20	$9,668	11	228	16	$8,209	4	$1,459
25-Feb-23	13	$5,335	13	130	12	$4,235	1	$1,200
18-Feb-23	14	$5,743.70	13	158	8	$898.70	6	$4,845
11-Feb-23	16	$12,088	12	137	12	$9,965	4	$2,123
4-Feb-23	17	$8,066	15	140	13	$5,614	4	$2,452
28-Jan-23	7	$2,180	7	75	5	$1,692.75	2	$488
21-Jan-23	17	$5,768	16	174	12	$1,918	5	$3,850
14-Jan-23	11	$2, 800	10	102	8	$421	3	$2,400
7-Jan-23	18	$8,296	11	167	14	$6,461	3	$1,835
31-Dec-22	14	$2,732	11	99	12	$2,092	2	$640
17-Dec	14	$7,919	13	115	12	$7,419	1	$500
10-Dec-22	14	$10,093	12	88	11	$7,093	3	$3,000
3-Dec-22	26	$12,800.90	11	172	20	$4,141	6	$8,659.90
26-Nov-22	8	$2,266.70	8	5	3	$76	5	$2,190.70
19-Nov-22	21	$2,886	15	212	19	$2,550	2	$336
12-Nov-22	13	$15,093.70	9	81	9	$14,200	4	$893.70
5-Nov-22	25	19,337.20	16	509	22	$8,267.20	3	$11,070
29-Oct-22	15	$7,805.30	9	116	14	$7,180.30	1	$625
22-Oct-22	20	$8,193.50	13	253	13	$5,442	7	$2,751.50
15-Oct-22	9	$3,046.10	9	139	7	$2,588.30	2	$457.80
8-Oct-22	19	$2,011.80	12	114	16	$833.80	3	$1,178
1-Oct-22	23	$5,532.90	16	156	18	$4,952.30	5	$580.60
24-Sep-22	18	$5,194	14	216	15	$4,050	3	$1,144
17-Sep-22	21	$8,352.30	12	320	15	$4,759.60	6	$3,592.70
10-Sep-22	15	$19,853.50	10	126	13	$19,403.60	2	$450
3-Sep-22	9	$2,312	9	62	9	$2,312	0	0
27-Aug-22	16	$30,891.70	10	135	15	$30,666.40	1	227.7
20-Aug-22	12	$1,977	8	152	9	925	3	$1,052
13-Aug-22	18	$8,004.70	11	242	11	$2,844.70	7	$5,160
6-Aug-22	24	$7,948.90	12	240	17	$3,577	7	$4,371.90
30-Jul-22	8	$6,941	9	78	7	$6,839	1	$102
23-Jul-22	11	$801	11	92	10	$801	1	0
16-Jul-22	14	$3,650	10	122	14	$3,650	0	0
9-Jul-22	10	$3,557.70	7	68	9	$3,557.70	1	0
2-Jul-22	18	$8,609.40	13	152	15	$2,754.40	3	$5,855
25-Jun-22	15	$6,142	13	146	9	$2,017	6	$4,125
18-Jun-22	17	$11,890.10	14	228	15	$11,410	2	479.7
11-Jun-22	17	$7,600	12	123	10	$2,300	7	$5,300
4-Jun-22	12	$2,937	10	127	9	$692	3	$2,245
28-May-22	9	$3,197.60	11	86	9	$3,197.60	0	0
21-May-22	14	$7,284.50	12	185	11	$6,609	3	$675.50
14-May-22	11	$306.60	9	80	10	$306.60	1	$225
7-May-22	16	$10,451.75	12	108	12	$1,827	4	$8,624.75
30-Apr-22	16	$2,296.50	16	157	12	$895.50	4	$1,401
23-Apr-22	10	$2,241	11	58	8	$1,641	2	$600
16-Apr-22	11	$6,643	7	156	8	$2,359	3	$4,284
9-Apr-22	17	$4,429	14	184	11	$1,690	6	$2,739
2-Apr-22	13	$1,755	8	84	10	$1,145	3	$610
26-Mar-22	11	$3,205	8	65	6	$200	5	$3,005
19-Mar-22	13	$2,239.17	9	106	13	$2,239.17	0	0
12-Mar-22	18	$12,016	11	239	15	$11,965	2	$51.35
5-Mar-22	17	$6,786	13	137	13	$5,161	4	$1,625
26-Feb-22	12	$5,095	8	149	9	$4,437.50	3	$658
19-Feb-22	17	$22,229	17	174	14	$21,354	3	$875
12-Feb-22	12	$2,344.70	10	73	8	$641.70	4	$1,703
5-Feb-22	11	$2,503	8	99	11	$2,503	0	0
29-Jan-22	11	$3,872	12	101	12	$3,872	0	0
22-Jan-22	13	$5,143.50	10	99	12	$4,842.50	1	$301
15-Jan-22	12	$7,605	9	155	9	$6,480	3	$1,025
8-Jan-22	13	$8,256.20	11	102	13	$8,256.20	0	0
1-Jan-22	9	$1,273.80	6	50	9	$1,273.80	0	0
25-Dec-21	21	$4,734.75	11	176	16	$3,410	5	$1,324.75
18-Dec-21	26	$7,325.20	15	193	18	$3,640.20	8	$3,685.20
11-Dec-21	16	$5,017	10	109	13	$1,417	3	$3,600
4-Dec-21	14	$2,310	8	86	8	$2,310	6	$1,882.05
27-Nov-21	9	$3.460.1	10	101	6	$1,758	3	$1,702.60
20-Nov-21	20	$22,792	15	157	12	$18,864.50	8	$3,928
13-Nov-21	21	$26,729	12	178	13	$11,822	8	$14,907
6-Nov-21	12	$8,303	13	157	10	$6,682	3	$1,621
30-Oct-21	21	$10,368	15	218	15	$9,24.4	6	$1,103.00
23-Oct-21	21	$18.783.1	15	222	11	$12,314	10	$6,468.60
16-Oct-21	15	$3,868	11	118	15	$2,293	2	$1,575
9-Oct-21	20	$8,610	16	175	16	$7,795	4	$815
2-Oct-21	14	$6,250	11	137	10	$5,200	4	$1,050
25-Sep-21	11	$11,460	9	93	7	$10,200	4	$1,250
18-Sep-21	11	$16,603	8	99	8	$15,084	3	$1,519
11-Sep-21	17	$10,653	11	103	13	$8,503	4	$2,150
4-Sep-21	13	$7,222	10	89	11	$6,715	2	$507
28-Aug-21	12	$763	9	63	11	$663	1	$100
21-Aug-21	12	$29,659	7	79	11	$29,579	1	$80
14-Aug-21	22	$17,845	11	199	12	$12,805	10	$5,04
7-Aug-21	17	$13,670	12	139	15	$11,766	2	$1,904
31-Jul-21	21	$8,160	11	134	10	$3,574	10	$4,586
July 24,2021	21	$6,367	11	139	15	$3,712	6	$2,655
17-Jul-21	14	$4,009	11	124	12	$2,015	2	$1,994
10-Jul-21	16	$3,997	13	143	11	$1,597	4	$2,4
3-Jul-21	24	$7,492	13	94	16	$3,769	8	$3,722
26-Jun-21	10	$4,995	7	85	8	$3,847	2	$1,148
19-Jun-21	28	$16,830	8	228	9	$1,861	19	$14,968
12-Jun-21	26	$27,238	15	209	19	$25,602	7	$1,636
5-Jun-21	15	$15,539	13	100	13	$14,709	2	$600
29-May-21	35	$20,279	11	145	28	$18,64	7	$1,639
22-May-21	24	$53,208	14	174	17	$51,047	7	$2,161
15-May-21	18	$10,620	13	220	11	$5,870	7	$4,809
8-May-21	17	$10,400	11	156	15	$8,386	2	$2,500
1-May-21	21	$7,200	16	115	12	$3,808	9	$3,392
24-Apr-21	8	$20,200	9	31	8	$20,200	0	0
17-Apr-21	14	$6,270	8	102	11	$40,180	3	$2,260
10-Apr-21	15	$8,940	13	129	14	$7,990	1	$950
3-Apr-21	18	$19,513	10	151	12	$16,923	6	$2,590
27-Mar-21	27	$13,942	15	244	14	$4,300	13	$9,633.50
20-Mar-21	11	$2,046	4	102	3	$270	8	$1,776
13-Mar-21	15	$3,270	9	109	6	$538	9	$2,732
6-Mar-21	24	$13,617	10	196	13	$10,395	11	$3,222
27-Feb-21	19	$8,105	12	139	15	$4,970	4	$3,135
20-Feb-21	9	$8,820	9	153	8	$8,520	1	$300
13-Feb-21	12	$4,852.60	7	81	7	2,766	5	$2,086.60
6-Feb-21	18	$9,752	13	153	14	$5,222	4	$4,530
30-Jan-21	18	$9,449	9	182	15	$8,753.80	3	$695.30
23-Jan-21	14	$8,150	8	118	6	$4,000	8	$4,150
16-Jan-21	17	$6,783	13	138	11	$2,400	6	$4,382.90
9-Jan-21	22	$6,829	14	135	18	$3,139.30	4	$3,690
2-Jan-21	7	$1,466	7	60	7	$1,466	0	0
26-Dec-20	18	$15,900	12	163	16	$5,300	1	$600
19-Dec-20	18	$9,769	14	110	14	$8,426	4	$1,343
12-Dec-20	10	$7,200	9	100	9	$3,325	1	$3,830
5-Dec-20	15	$4,261	9	122	9	$2,780	6	$1,481
28-Nov-20	19	$7,758	10	110	13	$4,003	6	$3,755
14-Nov-20	14	$864.10	14	157	12	$289.10	2	$575
7-Nov-20	13	$6,332	9	129	9	$2,483.50	4	$3,849
31-Oct-20	10	$3,995.80	8	103	6	$3,231.10	4	$754.70
24-Oct-20	6	$18,100	6	58	5	$17,709	1	$350
17-Oct-20	8	$351.90	5	55	8	$351.90	0	0
10-Oct-20	7	$5,229	3	50	4	$735	3	$4,494
3-Oct-20	14	$21,428	9	173	9	$17,535	5	$3,893
26-Sep-20	10	$12,770	8	93	5	$10,300	5	$2,470
19-Sep-20	14	$8,365	9	101	6	$1,020	8	$7,345
12-Sep-20	6	$4,406	8	59	3	$1,270	3	$3,136
5-Sep-20	11	$5,191	8	117	9	$4,061	2	$1,130
29-Aug-20	11	$2,531	9	94	5	$1,130	6	$1,401
22-Aug-20	18	$6,574	12	140	7	$1,930	11	$4,644
15-Aug-20	13	$4,991	10	97	7	$1,216	6	$3,775
8-Aug-20	12	$32,092	11	112	9	$30,457	3	$1,635
1-Aug-20	7	$5,287	8	76	5	$3,687	2	$1,600
25-Jul-20	9	$18,751	6	67	7	$18,403	2	$348
18-Jul-20	6	$1,982.50	5	50	4	$1,407.50	2	$575
11-Jul-20	11	$565.10	12	75	10	$65.10	1	$500
4-Jul-20	10	$8,889	8	98	9	$8,788	1	$100.30
27-Jun-20	8	$6,874	10	50	5	$4,972.50	3	$2,081.50
20-Jun-20	12	$4,444	9	115	7	$2,829	5	$1,615
13-Jun-20	6	$3,582	4	37	2	$350	4	$3,232
6-Jun-20	11	$3,213.70	8	65	7	$470	4	$2,743.70
30-May-20	8	$7,335	7	48	6	$4,639	2	$2,697
23-May-20	4	$432.40	4	34	3	$432.40	1	0
16-May-20	6	$310	6	34	5	$310	1	0
9-May-20	18	$5,630	16	124	14	$3,180	4	$2,450
2-May-20	15	10,400	10	90	8	$1,900	7	$,8,500
25-Apr-20	8	$3,400	9	36	5	$1,000	3	$2,450
18-Apr-20	19	$9,500	14	92	8	$185.70	11	$9,360
11-Apr-20	12	$6,000	9	40	5	$190	7	$5,800
4-Apr-20	14	$8,200	11	68	10	$2,200	4	$6,000
28-Mar-20	16	$6,500	13	96	10	$3,700	6	$2,800
21-Mar-20	11	$11,910	7	33	7	$2,250	4	$9,960
14-Mar-20	7	809.8	6	34	6	684.8	1	125
7-Mar-20	16	$2,500	15	70	13	$669	3	$1,400
29-Feb-20	13	$15,260	13	128	11	$11,760	2	$3,500
22-Feb-20	12	$3,700	10	92	10	$2,560	2	$1,130
15-Feb-20	16	$1,250	10	84	12	$35	4	$1,222
8-Feb-20	18	$6,080	14	123	14	$2,595	4	$3,485
1-Feb-20	21	$20,900	12	101	14	$17,860	7	$3,060
25-Jan-20	13	$7,430	13	62	12	$6,430	1	$1,000
18-Jan-20	23	$9,580	15	120	19	$6,580	4	$3,000
11-Jan-20	21	$14,200	18	199	16	$1,020	5	$13,200
4-Jan-20	22	$6,400	11	119	16	$3,204	6	$3,245
28-Dec-19	22	$7,150	19	175	18	$6,800	4	$327.40
14-Dec-19	24	$36,300	23	167	19	$9,500	5	$26,800
7-Dec-19	11	$10,400	11	55	7	$1,082	4	$9,370
November 30. 2019	14	$2,450	12	126	12	$1,760	2	$692.50
23-Nov-19	16	$1,995	10	41	11	$615	5	$1,380
16-Nov-19	15	$3,820	13	135	11	$2,500	4	$1,271
9-Nov-19	25	$12,900	17	182	23	$12,200	2	$575
2-Nov-19	10	$2,470	12	61	9	2,450	3	$22
26-Oct-19	12	$5,560	14	70	11	$3,860	1	$1,700
19-Oct-19	8	$6,600	8	138	8	$6,600	0	0
12-Oct-19	19	$4,300	14	55	16	$3,800	3	$500
5-Oct-19	18	$14,500	19	166	15	$11,100	3	$3,400
28-Sep-19	19	$8,100	18	132	18	$7,560	1	$550
21-Sep-19	14	$6,300	16	66	11	$2,160	3	$4,170
14-Sep-19	15	$23,800	12	56	11	$21,250	4	$2,570
7-Sep-19	17	$3,500	15	98	14	$1,900	3	$1,600
31-Aug-19	5	$8,700	6	50	5	$8,700	0	0
24-Aug-19	16	$10,000	14	82	15	$4,250	1	$5,750
16-Aug-19	10	$1,680	5	52	7	$650	3	$950
9-Aug-19	17	$17,700	15	68	14	$3,900	3	$13,800
2-Aug-19	13	$5,760	12	108	13	$5,760	NA	NA
27-Jul-19	11	$7,300	13	76	8	$6,570	3	$730
20-Jul-19	13	$11,800	13	125	11	$5,300	2	$6,500
13-Jul-19	10	$775	7	46	8	$542.50	2	$233
6-Jul-19	7	$2,500	9	85	7	$2,500	0	0
29-Jun-19	23	$8,290	15	154	17	$2,300	6	$5,970
22-Jun-19	17	$10,700	10	139	14	$7,700	3	$3,000
15-Jun-19	11	$13,500	14	160	11	$13,500	NA	NA
8-Jun-19	13	$2,870	17	55	11	$1,570	2	$1,300
1-Jun-19	10	$4,460	11	60	8	$4,140	2	$315
25-May-19	17	$4,360	14	79	14	$3,700	3	$612
18-May-19	22	$9,000	17	150	16	$3,400	6	$5,600
11-May-19	18	$19,800	17	177	15	$18,300	3	$1,500
4-May-19	10	$7,075	6	32	8	$6,900	2	$175
27-Apr-19	15	$3,200	14	117	14	$3,160	1	$40
20-Apr-19	13	$13,500	10	90	9	$12,200	4	$1,300
13-Apr-19	16	$38,900	14	91	14	$37,800	2	$1,100
6-Apr-19	12	$6,870	11	94	10	$6,730	2	$50
30-Mar-19	15	$6,470	12	84	10	$7,91.5	5	$5,677
23-Mar-19	18	$6,450	14	91	14	$5,042	4	$1,408
16-Mar-19	14	$10,180	12	115	11	$8,800	3	$1,300
9-Mar-19	9	$1,800	6	49	8	$1,300	1	$500
2-Mar-19	20	$3,033	16	107	14	$1,817	6	$1,262
23-Feb-19	12	$2,040	8	69	9	$614.60	3	$1,430
16-Feb-19	16	$9,970	18	77	16	$9,970	0	0
9-Feb-19	14	$6,400	10	110	14	$6,400	0	0
2-Feb-19	18	$6,740	15	99	16	$5,720	2	$950
26-Jan-19	13	$2,770	11	67	11	$918.95	2	$1,850
19-Jan-19	15	$3,819	16	76	12	$2,594	3	$1,225
12-Jan-19	18	$7,283	14	92	15	$1,683	3	$5,600
5-Jan-19	10	$529	12	50	10	$529	0	0
22-Dec-18	17	$2,570	13	87	14	$941	3	$1,629
15-Dec-18	10	$2,860	8	26	8	$264	2	$2,600
8-Dec-18	15	$1,819	16	65	12	$552	3	$1,267
1-Dec-18	12	$7,500	10	90	9	$1,200	3	$6,200
28-Nov-18	15	$4,500	11	107	14	$4,000	1	$500
19-Nov-18	18	$6,137	13	98	13	$2,142	5	$3,995
14-Nov-18	18	$9,200	13	152	15	$8,500	3	$694
6-Nov-18	16	$17,300	16	183	14	$16,361	2	$950
29-Oct-18	14	$14,400	18	127	17	$13,800	1	$600
24-Oct-18	13	$6,140	13	126	11	$5,122	2	$1,018
17-Oct-18	18	$18,390	15	125	14	$12,292	4	$6,098
10-Oct-18	29	$3,149	18	104	20	$1,647	9	$819
2-Oct-18	18	$9,300	11	67	14	$7,300	4	$2,000
25-Sep-18	13	$7,000	11	75	10	$6,000	3	$995
18-Sep-18	9	$3,570	7	44	9	$3,570	0	0
11-Sep-18	13	$5,900	10	132	13	$5,900	0	0
7-Sep-18	14	$5,000	15	86	11	$4,000	3	$1,000
29-Aug-18	15	$20,700	14	79	13	$4,700	2	$16,000
20-Aug-18	10	$12,400	11	53	8	$11,380	3	$1,057
14-Aug-18	12	$19,900	12	132	9	$18,889	3	$1,011
7-Aug-18	16	$68,600	11	106	13	$67,259	3	$1,340
31-Jul-18	15	$15,100	15	95	11	$13,060	4	$2,060
23-Jul-18	13	$2,130	15	60	10	$1,804	3	$1,100
17-Jul-18	14	$5,370	17	98	9	$4,310	5	$1,100
9-Jul-18	16	$11,200	15	74	10	$11,080	6	$862
3-Jul-18	13	$7,000	7	81	12	$6,330	1	$750
25-Jun-18	15	$8,800	13	97	9	$4,970	6	$3,930
18-Jun-18	13	$14,200	14	80	7	$221	6	$14,290
11-Jun-18	12	$6,300	8	96	8	$5,910	4	$803
6-Jun-18	13	$14,500	10	88	8	$14,154	5	$579
31-May-18	11	$4,890	10	63	8	$3,240	3	$1,790
22-May-18	15	$20,400	11	63	9	$19,808	6	$885
15-May-18	15	$4,700	15	106	10	$3,900	5	$643
9-May-18	11	$1,400	13	88	9	$1,300	2	$560
1-May-18	8	$14,250	7	88	7	$13,400	1	$450
24-Apr-18	12	$5,300	6	61	11	$4,470	1	$800
17-Apr-18	9	$1,800	10	44	7	$2,330	2	$1,434
11-Apr-18	11	$2,500	8	32	6	$1,690	5	$809
3-Apr-18	15	$13,400	11	121	9	$12,020	6	$1,090
28-Mar-18	10	$4,000	10	92	7	$3,870	3	$215
19-Mar-18	17	$5,800	13	51	10	$590	7	$5,165
12-Mar-18	15	$3,130	11	43	11	$2,360	4	$788
6-Mar-18	19	$5,400	13	116	10	$1,530	9	$4,860
27-Feb-18	20	$6,600	13	69	14	$5,530	6	$1,030
19-Feb-18	15	$5,500	14	111	10	$3,990	6	$1,980
12-Feb-18	23	$10,900	17	157	12	$7,110	11	$3,840
5-Feb-18	16	$8,600	13	100	7	$1,330	9	$7,800
30-Jan-18	11	$12,600	11	68	5	$7,300	6	$4,982
24-Jan-18	19	$9,400	15	129	5	$2,010	14	$7,337
18-Jan-18	10	$6,280	8	49	2	$2,100	8	$4,188
9-Jan-18	12	$16,500	12	92	9	$15,890	3	$475
3-Jan-18	10	$2,500	9	47	8	$2,350	2	$150
27-Dec-17	15	$9,000	15	113	9	$7,568	6	$1,784
18-Dec-17	15	$13,800	16	164	9	$13,010	7	$1,118
11-Dec-17	14	$9,700	10	126	12	$2,940	4	$8,500
4-Dec-17	6	$1,800	6	31	5	$1,510	1	$300
28-Nov-17	7	$3,850	8	76	4	$3,260	3	$285
16-Nov-17	10	$2,700	10	48	6	$1,840	4	$856
8-Nov-17	15	$2,380	17	91	10	$1,860	5	$516
1-Nov-17	12	$4,700	17	94	9	$3,400	4	$1,300
23-Oct-17	15	$10,500	10	67	10	$9,780	4	$1,530
18-Oct-17	6	$2,000		37	3	$225	3	$1,820
10-Oct-17	12	$6,570		100	9	$3,880	3	$3,360
2-Oct-17	8	$3,100	11	19	3	$1,630	5	$1,750
25-Sep-17	8	$4,880	8	79	5	$2,660	5	$2,070
18-Sep-17	9	$4,770			3	$300	6	$4,470
12-Sep-17	11	$4,430			8	$2,030	3	$2,400
1-Sep-17	4	$1,310			3	$317	1	$1,000
23-Aug-17	11	$13,640	9		8	$11,840	3	$1,800

M&A/FUNDINGS

Walgreens Boots Alliance buys remaining stake in Shields Health for $1.37B

Deal Description: Walgreens Boots Alliance Inc. announced Sept. 20 it would acquire the remaining 30 percent stake in Shields Health Solutions from private equity firm Welsh, Carson, Anderson & Stowe and founder and board chairman Jack Shields for $1.37 billion. WBA said Shields is delivering strong financial performance, clinical excellence and value-add contributions to its business. WBA first took a 70 percent interest in Shields last year. Shields is a specialty pharmacy, which has served more than 1 million patients with nearly 80 health system partners representing about 1,000 hospitals nationwide. Shields delivered sales growth of 57 percent for the first nine months of fiscal 2022, driven by contract wins, expansion of existing partnerships and executional focus. Shields will continue as a distinct business and brand within Walgreens. John Lucey, co-founder and president of Shields, will lead the organization as CEO and current Shields CEO Lee Cooper will take on a new executive role within WBA. Lucey partnered with Jack Shields 10 years ago to start the business and has led its operations for most of that time.

Expected Closing: Year-end 2022

WBA’s Outside Counsel: Sidley Austin led by Jonathan Blackburn, Anika Hermann Bargfrede and Chris Abbinante out of Chicago but including Marian Fielding, Dallas counsel on employee benefits and executive compensation

Shields’ Outside Counsel: Ropes & Gray along with Goodwin Procter and K&L Gates

Talos Energy acquires EnVen Energy for $1.1B

Deal Description: Talos Energy, one of the most active oil and gas producers in the Gulf of Mexico, announced Sept. 22 that it is acquiring private operator EnVen Energy for $1.1 billion in a stock-and-cash deal. Texas lawyers from Vinson & Elkins counseled Talos while Gibson Dunn advised Intrepid Partners as financial advisor to EnVen, which had backing from Bain Capital Partners, Adage Capital Partners and EIG Global Equity Partners. EnVen was involved in an employment dispute with its co-founder David M. Dunwoody Jr. For more on the deal, click here.

Atlas raises up to $200M investment from Sixth Street Growth

Deal Description: Atlas, a provider of employer of record solutions and technology, announced Sept. 15 that it partnered with Sixth Street Growth, the growth investing business of global investment firm Sixth Street. Sixth Street Growth will be making a strategic equity investment of up to $200 million to support Atlas’ continued global expansion. Atlas pioneered the “Direct Employer of Record” model, which is supported by entities in 160 countries, and built its technology with the focus of helping its clients comply with employment rules and regulations on a global basis.

Atlas’ Placement Agent: Baird

Atlas’ Outside Counsel: Cooley

Sixth Street’s Outside Counsel: Sidley led by Boston partners Alexander B. Temel and Daniel S. Rawner but including Dallas counsel Dusan Clark and associate Dina M.P. Kang

Summit Midstream sells North Dakota gas gathering system to Steel Reef Infrastructure for $40M

Deal Description: Publicly traded Summit Midstream Partners announced Sept. 19 it sold Bison Midstream, a gas gathering system in Burke and Mountrail Counties, North Dakota, to Steel Reef Infrastructure Corporation for $40 million in cash. CEO Heath Deneke said in combination with the divesture of the Lane gathering and processing system earlier this summer, the sale represents a continuation of the company’s strategy to streamline its portfolio through balance sheet-enhancing transactions while building additional financial flexibility to reinvest in more strategic scale-building opportunities across its footprint. Summit’s focus in the Williston Basin will be on growing its crude oil and produced water gathering systems primarily located in Williams and Divide Counties, North Dakota.

Summit’s Outside Counsel: Locke Lord led by Jennie Simmons, Bill Swanstrom and Lauren Richter all of Houston with assistance by Sara Longtain, Jerry Higdon, Eric Larson and Shumaila Dhuka in Houston and Gene Schlack in Boston.

Steel Reef’s Outside Counsel: Bracewell including partners Patrick Johnson in Houston, Elizabeth McGinley in New York and Becky Baker and Matt Grunert in Houston as well as associates Andrew Mintz and Nathan Guerra in Houston

Tamboran Resources acquires Origin’s Beetaloo position for $40M, raises $130M

Deal Description: Akin Gump said Sept. 21 it represented Tamboran Resources Ltd., a public natural gas company headquartered in Australia, on its A$60 million ($40 million) acquisition of Origin Energy’s Beetaloo Basin position, joint ventures with former Parsley CEO Bryan Sheffield and Helmerich and Payne, and A$195 million ($130 million) capital raise. Tamboran has become the largest acreage holder in the Beetaloo Basin with 1.9 million net prospective acres. The acquisition will be funded through an institutional placement to new and existing shareholders to raise up to A$138 million (before costs) at A$0.21 per share, representing a 22.2 percent discount to the company’s closing price on Sept. 14.

From Akin Gump: Led by Houston corporate partner David Sweeney and including corporate partners Ryan Cox, Stephen Boone and Kevin Schott and associate Madeline Sullivan and tax partners Julia Pashin and Alison Chen.

M6 Midstream completes two acquisitions, one for reported $1.3B

Deal Description: M6 Midstream announced Sept. 22 it completed the acquisitions of Midcoast Energy’s East Texas business from an affiliate of ArcLight Capital Partners and Align Midstream from Tailwater Capital to establish a leading presence in the Haynesville Shale. Terms weren’t disclosed, but Reuters reported in July that Momentum, also known as M6, agreed to buy Midcoast for $1.3 billion, citing people familiar with the matter. Momentum’s acquisition of Midcoast’s assets is backed by funds from private equity firm EnCap Flatrock Midstream, the sources told Reuters. M6 also said that it made a final investment decision on a new project, which will gather gas produced in the Haynesville Shale for re-delivery to premium Gulf Coast markets, including LNG export.

Momentum’s Financial Advisor on Midcoast: Barclays

Acquisition Financing Arrangers: Barclays, Jefferies Finance, Blackstone Credit and Wells Fargo Securities

EnCap Flatrock’s Outside Counsel: Shearman & Sterling led by partner Sarah McLean

Momentum’s Financial Advisor on Align: Jefferies

Momentum’s Outside Counsel on Both Deals: Vinson & Elkins led by partners Danielle Patterson and Doug Bland. Others included senior associates Stephanie Coco, Megan Menniti and Michael Zarcaro and associates Rob Vezina, Brian Broussard and Vestita Kuntz (energy transaction/projects); partner Sarah Mitchell (insurance); partner Matt Dobbins and counsel Corinne Snow (environmental); partners Todd Way (tax); partner Suzanne Clevenger (energy regulatory); partner Sean Becker (employment/labor); partner Shane Tucker (executive compensation/benefits); counsel Scot Dixon (real estate); and partner Darren Tucker (HSR). The V&E finance teams were led by partner Darin Schultz and senior associate Caitlin Snelson, with assistance from associates Catherine Briley and Michelle Kraidman.

ArcLight’s Financial Advisor: Jefferies

ArcLight/Midcoast’s Outside Counsel: Latham & Watkins led by led by partners Justin Stolte and James Garrett, with associates Justin Thekkekara, Omar Shariff, Haley Sandoval and Thomas Hillebrand. Advice was also provided on finance matters by Houston partner Catherine Ozdogan, with associates Benjamin Gelfand, Kirby Swartz and Chris Wood; on antitrust matters by Washington, D.C. partner Jason Cruise, with associate Mary Casale; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum and Houston counsel Krisa Benskin; on regulatory matters by Washington, D.C. partner Patrick Nevins; on environmental matters by Los Angeles/Houston counsel Joshua Marnitz; on insurance matters by Los Angeles partner Drew Levin, with San Diego associate Hannah Cary; and on real estate matters by San Diego partner Robert Frances.

Tailwater’s Financial Advisor: Piper Sandler

Tailwater’s Outside Counsel: Locke Lord led by Greg Heath, Matthew McKenna and Case Towslee in Houston with support from Henry Benton, Van Jolas and Angela Stockbridge in Dallas and John Arnold, Ben Cowan, Laura Ferguson, Jerry Higdon, Eric Larson, Jeff McPhaul, Tammi Niven, Terry Radney, Ed Razim, Buddy Sanders, Bill Swanstrom, Mitch Tiras, Jeannie Diep, Rachael Beavers, Akilah Craig, Caleb Dunson, Ashley Lopez and Andrew Nelson in Houston.

Specialty Dental Brands, TSG Consumer, Leon finalize growth partnership

Deal Description: Specialty Dental Brands, TSG Consumer Partners and Dallas-based Leon Capital Group announced Sept. 19 that they have finalized a growth partnership. Terms weren’t disclosed. SDB management, including CEO Michael Schwartz and president Chris Scales, will continue to lead the business and its doctor partners will maintain ownership and clinical autonomy. SDB is one of the largest, multi-specialty-only dental support organizations in the U.S., providing a range of business support services to oral surgery, pediatric dentistry and orthodontic practices. SDB’s expanding support platform of industry-leading specialists includes over 211 supported dental practices across 20 states. LCG is a diversified holding company for a privately-owned group of entities, include healthcare, real estate and technology investments.

Specialty Dental Brands’ Outside Counsel: Sidley led by Dallas M&A partner William (Bill) Howell with, from Texas, Nick DeAngelis and Courtney Gilberg, J.D. Swancoat, Molly Byman, Cameasha Turner, Banks Bruce, Adam Nelson, Kyle Gromann, Aaron Mitchell, Eric Winwood, Marian Fielding and Lauren Grau

Specialty Dental Brands’ Regulatory Counsel: McGuire Woods  

Specialty Dental Brands’ Financial Advisor: Jefferies (Rich Agabs, Atishay Chopra and Brian Castiglioni)

TSG’s Outside Counsel: Ropes & Gray

TSG’s Financial Advisors: William Blair & Co. and SVB Securities 

H.I.G. Infrastructure buys controlling interest in Northern Biogas

Deal Description: H.I.G. Capital, a global alternative investment firm with $50 billion of equity capital under management, announced Sept. 20 that it acquired a controlling interest in Northern Biogas. Terms weren’t disclosed. Morgantown, WV-based Northern Biogas is a waste-to-renewable natural gas company specializing in the development, construction, and operation of renewable natural gas facilities that represent sustainable, clean energy solutions for waste generated from dairies, landfills and other facilities producing organic waste, including food waste. The company has deployed its own proprietary anaerobic digester designs at many locations across the U.S. Northern Biogas operates the Middleton, Wisconsin, RNG facility, a joint venture with EnTech Solutions, in which waste from dairy cows is converted to RNG through an anaerobic digestion process. The company recently received final approval to begin execution of its next two dairy RNG projects.

H.I.G.’s Outside Counsel: Sidley Austin led by Houston partner Tim Chandler and including Samantha (Sam) Seley, Aaron J. King, Tommer Yoked, Zackary Pullin, Aaron S. Mitchell and Heather M. Palmer in Houston and Sarah A. Jehl in Chicago

Northern Biogas’ Outside Counsel: Vinson & Elkins with a corporate team led by partner Peter Marshall with assistance from associates Daryne Foote and Jack Peterson. Other team members include partner David Peck and senior associate Lauren Meyers (tax); and partner Shane Tucker (executive compensation/benefits).

Whistler announces new JV pipeline with Cheniere

Deal Description: Austin-based WhiteWater Midstream announced Sept. 19 that subsidiaries of Whistler Pipeline and Cheniere Energy Inc. executed agreements to move forward with the construction of the ADCC Pipeline, a new joint venture. The 42-inch pipeline is expected to extend 43 miles from the terminus of the Whistler Pipeline to Cheniere’s Corpus Christi liquefaction facility. The Whistler Pipeline is owned by a consortium including MPLX, WhiteWater and a joint venture between Stonepeak and West Texas Gas Inc. WhiteWater has backing from several private equity funds including Charlotte-based Ridgemont Equity Partners and Houston-based First Infrastructure Capital. 

MPLX’s Outside Counsel: Morgan Lewis led by partners Sameer Mohan (Houston) and Conor Larkin (Philadelphia) along with associates Randall Bentley (Los Angeles) and associate Kelsey Warren (Houston)

Notes: The Morgan Lewis team also represented MPLX earlier this year involving the Matterhorn Express Pipeline project, including Mohan.

BlackRock Long Term Private Capital buys Paradigm Oral Health

Deal Description: Paradigm Oral Health, an oral surgery and digital dentistry platform, announced Sept. 22 that BlackRock Long Term Private Capital agreed to acquire a majority interest in the company from shareholders, including InTandem Capital Partners. LTPC will partner with Paradigm’s leadership team, led by founder and CEO Dr. David Rallis, to support the company’s expansion. Founded in 2018, Paradigm has developed a model designed to attract and keep surgeons. The company partners with oral surgery groups in markets across the U.S, allowing them to keep their brand identity while operating on the same platform. Paradigm’s practice management technology, Paragon, enhances performance and increases patient and provider satisfaction, it said. Paradigm and 100 surgeon partners provide patient care in 75 state-of-the-art facilities throughout the U.S.

Paradigm’s Financial Advisor: Houlihan Lokey

Paradigm’s Outside Counsel: Goodwin Procter

Blackrock’s Outside Counsel: Simpson Thacher led by Houston partner Christopher May

Arroyo closes sale of two power plants

Deal Description: Arroyo Energy Investment Partners announced Sept. 15 the closing of the sale of two electric power generation investments, Brandywine and Broad River. The buyer was Onward Energy. The sale includes 1,100 megawatts of power production in the eastern U.S. Brandywine is a 230 megawatt dual-fuel combined-cycle plant located in Brandywine, Maryland, with a long-term offtake agreement with a regional electric cooperative. Broad River is an 878 megawatt dual-fuel peaking facility located in Gaffney, South Carolina, with a long-term offtake agreement with Duke Energy Progress. Arroyo is an independent investment manager focused on power and energy infrastructure assets in North America and Chile.

Arroya’s Outside Counsel: Bracewell led by partners Ryan S. Holcomb (Houston) and Catherine P. McCarthy (Washington, D.C.), counsel Jacqueline R. Java (Washington, D.C.) and associates Shannon M. Rice, Andrew P. Mintz, Natalie R. Cohen and Jay Harper of Houston and Michael A. Recchia of New York.

Onward’s Outside Counsel: White & Case led by partners Michael Shenberg and Kristen Rohr in New York

Notes: Bracewell had previously advised Arroyo on the purchase of the Broad River facility.

Trammell Crow sells Allora Crossing

Deal Description: Jones Day said Sept. 20 that it counseled Trammell Crow Residential on the sale of Allora Crossing, a 243-unit apartment development located in Brandywine, Maryland. The buyer was Penzance DC Real Estate Fund II Properties. The transaction closed Aug. 22.

From Jones Day: Mike Ording, the firm’s of counsel in Dallas

Notes: Ording has advised Trammell Crow on past deals, including the January sale of Alexan CityCentre, a 340-unit apartment complex in Houston, the December sale of a 248-unit apartment complex in Plantation, Florida, and the September sale a 375-unit apartment community in Spring.

American Air Filter acquires National Air Filter Service of New Jersey

Deal Description: Daikin Industries Ltd. subsidiary American Air Filter Co. Inc., dba AAF International, announced Sept. 2 it acquired National Air Filter Service Company of New Jersey, one of the oldest and largest full-service air filtration management companies in the U.S. Terms weren’t disclosed.

Daikin’s Outside Counsel: Jones Day led by partner Alexandra Wilde in Houston

Notes: Wilde has counseled Daikin on other purchases, including ElitAire, ABCO HVACR Supply + Solutions and Robinson Plumbing & Heating Supply Co. Inc.

Littlejohn invests in Hiller Cos.

Deal Description: Littlejohn & Co., a private investment firm based in Greenwich, Conn., announced Sept. 20 that it made a significant growth investment in the Hiller Cos., a provider of fire and life safety services. Pon Holdings continues to be a large investor in the business. Terms were not disclosed. Founded in 1919 and headquartered in Mobile, Ala., Hiller provides fire and life safety services to clients operating high cost-of-failure environments in the commercial, industrial and marine sectors. Hiller protects military and commercial marine vessels, energy storage systems for utilities, data centers, research and lab spaces and commercial properties. Hiller’s services include design and engineering, installation, recurring testing and inspection, repair and maintenance and retrofitting fire protection systems and equipment.

Hiller’s Financial Advisor: Baird

Hiller’s In-House Counsel: Robert Hunter, general counsel

Pon’s In-House Counsel: Cristine Brinkman, CLO for Pon Holdings, and Magnus Rayos, GC for Pon North America

Pon’s Outside Legal: Morgan Lewis led by partner Sameer Mohan, associates Tara McElhiney (Houston) and Lauren Hutton-Work (Houston), with litigation partner John Petrelli (Houston) and employment partner Mike Jones (Houston). 

Notes: Morgan Lewis closed four acquisitions on behalf of Hiller prior to this sale and most recently represented Pon on an acquisition for another of its portfolio companies, Urus Group, announced in July.

CAPITAL MARKETS/FINANCINGS

EQT prices $1B of new senior notes

Deal Description: EQT Corp. announced Sept. 20 that it priced an underwritten public offering of $1 billion in senior notes consisting of $500 million of 5.678 percent senior notes due 2025 and $500 million of 5.7 percent senior notes due 2028. EQT intends to use the net proceedsg, together with cash on hand, borrowings under its revolving credit facility and/or borrowings under a new term loan facility, to fund the cash consideration relating to its previously announced acquisition of all of the issued and outstanding membership interests of each of THQ Appalachia I Midco and THQ-XcL Holdings I Midco. If the acquisition isn’t consummated by June 30 or if EQT notifies the notes trustee that the company won’t pursue the consummation of the deal, EQT will redeem the notes outstanding at a price equal to 101 percent of the principal amount plus accrued and unpaid interest.

Expected Closing: Oct. 4

Underwriters: RBC Capital Markets, Mizuho Securities USA and PNC Capital Markets

EQT’s Outside Counsel: Kirkland & Ellis led by capital markets partners Matthew Pacey and Lanchi Huynh and associates Logan Weissler, Nick Wetzeler and Jina Chung

Underwriters’ Outside Counsel: Simpson Thacher advised RBC Capital Markets, Mizuho Securities USA and PNC Capital Markets including Jonathan Ozner, Richie Ragusa (in Houston) and Jessica Ryan (capital markets); Brandan Still, Maggie Selbe and Jacob Sims (banking and credit – Houston); Jon Cantor and Scott Grundei (tax); Jeanne Annarumma (executive compensation and employee benefits); Michael Isby (environmental); and Andrew Pagliughi (blue sky). 

Alpine Summit expands its upstream energy asset-backed securitization to $135M

Deal Description: Porter Hedges said Sept. 14 the firm advised Alpine Summit Energy Partners Inc. on the expansion of its asset-backed securitization of certain producing oil and gas wells previously announced in May. The facility is being increased by $55 million to a total of $135 million and has additional capacity to expand up to $150 million. The facility is secured by working interests in a subset of Alpine Summit’s producing assets, which are held by an affiliate of its operating subsidiary, HB2 Origination. Proceeds will be used for continued development activities, working capital and general corporate purposes. Founded in 2018, Alpine Summit is a U.S. based company that operates and develops oil and gas assets. 

From Porter Hedges: The team was led by James Cowen, Jeremy Mouton and Jason Lloyd with support from Nick Nicholas, Eric English, James Reardon, David Mann, Erich Schoeffler, Kristina Walpole, Sam Schauer and Michael Dearman. 

Stronghold Digital Mining announces $9M private placement

Deal Description: Stronghold Digital Mining Inc. announced a $9 million private placement with its institutional investors and the company’s co-chairman and CEO Greg Beard. The placement involved the issuance of 2.27 million and 602,409 shares of Class A common stock at a purchase price of $1.60 and $1.66, respectively, pre-funded warrants to purchase 2.7 million shares and warrants to purchase 5.6 million shares. Gross proceeds from the non-brokered private placement are $9 million before deducting offering expenses. The transaction closed on Sept. 19. 

Stronghold’s Outside Counsel: Vinson & Elkins led by partners Shelley Barber, Daniel LeBey and Brenda Lenahan, senior associates Alex Lewis and Lucy Liu and associates Judy Park and Emily Kercheville. Also assisting were partners Ryan Carney and Jason McIntosh, counsel Allyson Seger and associate Sarah Coe (tax); partner Shane Tucker and associate Matt Green (executive compensation/benefits); counsel Rajesh Patel and associate Marcus Martinez (technology transactions/IP); partner Larry Nettles, counsel Larry Pechacek and associate Simon Willis (environmental); and associates Nina Ramachandran and Kelli Westmoreland (corporate).