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The Texas Lawbook

Free Speech, Due Process and Trial by Jury

  • Appellate
  • Bankruptcy
  • Commercial Litigation
  • Corp. Deal Tracker/M&A
  • GCs/Corp. Legal Depts.
  • Firm Management
  • White-Collar/Regulatory
  • Pro Bono/Public Service/D&I

CDT Roundup: 2 Weeks, 17 Deals, 8 Firms, 176 Lawyers, $9.6B

September 14, 2020 Allen Pusey

We took a week off. But you didn’t.

In fact, we returned to 17 deals awaiting our attention, depending on how you count.

There were a dozen M&A or private equity transactions valued at $5.3 billion, five capital markets transactions at $4.3 billion and a couple that defied our usual cubby holes.

Cut that in half and compare it to our last report, which regarded 11 deals worth $2.5 billion and it sounds pretty average, even compared to this time of year, when we reported 15 deals worth $23.8 billion. But that included the topping off of a $20.5 billion Blackstone real estate fund.

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 CountAmountFirmsLawyersM&A CountM&A Value $MCapM Count
CapM Value $M
31-May-202519$23,3811116612$18,6657$4,717
24-May-202515$24,0331112113$23,6242$409
17-May-202516$21,7601214511$18,6155$3,145
10-May-202524$33,1751620619$30,7655$2,410
03-May-202511$4,249139011$2,226.52$2,022.5
26-Apr-202512$8,78791689$6,0113$2,776
19-Apr-202511$8,09771389$7,9852$112
12-Apr-202513$2,392815210$2,0653$327
05-Apr-202519$27,7621518816$25,4733$2,289
29-Mar-202521$8,1881025816$4,1255$4,064
22-Mar-202519$6,4851423115$4,1284$2,857
15-Mar-202513$13,7371315110$9,9324$3,805
8-Mar-20257$2,2345665$2242$2,100
1-Mar-202511$3,05087510$2,5501$500
24-Feb-2512$16,39771496$6,6356$9,862
17-Feb-2517$12,1361313410$9,4112$2,725
10-Feb-2514$7,15491799$4,9505$2,204
3-Feb-2516 $10,068720011$7,5535$2,515
25-Jan-2514$10,261101259$2,2075$8,054
18-Jan-2519$7,3821531612$2,3007$5,082
11-Jan-2521$33,5601618716$32,5215$1,039
4-Jan-259$6,8279809$6,82700
21-Dec-2411$2,79811928$2,2293$570
14-Dec-2415$5,3231218612$3,8123$1,511
07-Dec-2416$4,7661023111$2,32152,445
30-Nov-2410$10,29191034$8,2906$2.001
23-Nov-2415$4,5531515311$3,3794$1,174
16-Nov-2417$11,4881124513$10,1864$1,303
09-Nov-2414$2,1101213912$1,4102$700
02-Nov-2412 $52,788 1110711$52,7381$50
26-Oct-248$3,1608657$3,0651$75
19-Oct-2412$5,3041113611$4,5541$750
12-Oct-2417$8,4381215015$8,1162$322
05-Oct-2422$23,1811218915$19,9807$3,201
28-Sep-2411$2,35671447$534$2,303
21-Sep-2412$9,568101695$4,1017$5,467
14-Sep-2424$10,9881223516$7,1758$3,813
7-Sep-2412$20,4201616811$20,3071$112.9
31-Aug-2413$20,631913412$14,7751$5,856
24-Aug-2419$8,4522132516$7,1023$1,350
17-Aug-2425$49,1961630411$39,38614$9,810
10-Aug-2420$12,2641531216$9,7944$2,470
03-Aug-2426$16,4981633418$8,1378$8,361
27-Jul-2419$16,4422127115$13,8384$2,604
20-Jul-2415$16,0161418410$14,2325$1,784
13-Jul-2420$17,220 1426518$7,146 2$10,074
6-Jul-2411$3,941 11958$2,650 3$1,291
29-Jun-2414$6,296 152248$6,296 6$1,927
22-Jun-2412$5,679 81375$210 7$5,469
15-Jun-2413$9,895 1621410$5,280 3$4,615
8-Jun-2419$23,859 1323912$19,436 7$4,423
1-Jun-2412$34,510 111479$26,110 3$8,400
25-May-2413$9,684 1517110$4,434 3$5,250
18-May-2411$5,490 111738$3,129 3$2,361
11-May-2422$14,855 1422716$11,105 6$3,750
4-May-2413$3,139 98710$1,297 3$1,842
27-Apr-2410$6,684 62810$6,684 00
20-Apr-2419$15,989 111479$5,208 10$10,781
13-Apr-2413$8,952 97610$1,652 3$7,300
6-Apr-2423$26,616 1422214$13,501 8$13,116
30-Mar-2412$9,286 81368$4,299 4$4,987
23-Mar-2418$5,451 1726616$4,759 2$692
16-Mar-2421$11,437 1318614$9,316 6$2,070
9-Mar-2423$4,695 2121819$2,723 4$1,972
2-Mar-2420$9,108 1937214$4,558 6$4,550
24-Feb-2419$16,382 1224815$9,507 4$6,875
17-Feb-2416$29,932 1515712$29,216 4$716
10-Feb-2425$10,750 1719619$5,372 6$5,379
3-Feb-2412$8,416 181259$3,416 3$5,000
27-Jan-249$8,165 9878$7,815 1$800
20-Jan-2414$4,084 1210912$3,219 2$865
13-Jan-2417$33,588 1225612$26,765 5$6,823
6-Jan-248$7,915 8846$7,265 2$650
30-Dec-2317$14,599 129915$2,714 2$11,885
23-Dec-2323$4,182 1321916$1,813 7$2,370
16-Dec-2313$16,436 132807$15,150 5$1,286
9-Dec-2326$14,633.90 1724416$8,095 10$6,538.90
2-Dec-2313$6,720 95712$6,630 1$90
25-Nov-239$4,835 91316$1,785 3$3,050
18-Nov-2322$6,568.70 1718414$4,709.20 8$1,859.50
11-Nov-2315$9,825 1317912$6,581 3$3,244
4-Nov-2315$20,582.50 1419312$19,417.50 3$1,165
28-Oct-2318$68,419.10 1815215$66,646 3$1,773.10
21-Oct-2316$6,755.90 1616515$6,755.90 1$3
14-Oct-2314$67,851.20 131259$61,998.50 5$5,852.70
7-Oct-2317$6,595.50 1322816$5,995.50 1$600
30-Sep-2317$1,896.45 1318914$806.45 3$1,090
23-Sep-2323$6,432.70 1723016$1,402.80 7$5,029.90
16-Sep-2325$23,226.70 2335316$17,239 9$5,987.70
9-Sep-2312$6,369 81027$4,311 5$2,058
2-Sep-2314$2,522 69213$1,322 1$1,200
26-Aug-2317$12,160.25 1320215$6,573.25 2$5,587.00
19-Aug-2319$11,505 1321315$11,255 4$250
12-Aug-2319$9,698.80 131847$3,270 12$6,428.80
5-Aug-2313$5,201 1211812$5,051 1$150
29-Jul-2315$21,031.60 1319611$18,292.00 4$2,739.60
22-Jul-2318$3,992 1213013$2,808 5$1,184
15-Jul-2313$8,254.95 138113$8,254.95 00
8-Jul-2316$5,441.45 1217211$2,443 5$2,998.45
1-Jul-2316$6,872 1010512$5,474 4$1,398
24-Jun-2313$10,914 1620110$7,874 3$3,040
17-Jun-2317$5,880.70 1515115$4,705.70 2$1,175
10-Jun-2319$8,516.10 1311116$6,252.40 3$2,263.70
June 3 202312$6,104.42 121388$4,256.92 4$1,847.50
27-May-2317$12,200 106711$6,165 6$6,035
20-May-2311$22,458.10 81034$19,455 7$3,003
13-May-2312$7,034 101018$5,460 4$1,574
6-May-2320$3,297.60 1819617$2,985.60 3$312
29-Apr-2323$3,691.20 1813517$1,969.70 6$1,721.50
22-Apr-2316$5,570 1410414$4,750 2$1,000
15-Apr-2312$23,818.10 95910$21,618.10 2$2,200
8-Apr-2316$7,949 91739$5,472 7$3,477
1-Apr-2321$18,676.70 1217511$10,926.70 10$7,750
25-Mar-2315$8,779.50 101415$2,362 10$6,416.50
18-Mar-237$14,048.80 6695$13,345 2$703.80
11-Mar-2321$11,576 1616516$8,131 5$3,445
4-Mar-2320$9,668 1122816$8,209 4$1,459
25-Feb-2313$5,335 1313012$4,235 1$1,200
18-Feb-2314$5,743.70 131588$898.70 6$4,845
11-Feb-2316$12,088 1213712$9,965 4$2,123
4-Feb-2317$8,066 1514013$5,614 4$2,452
28-Jan-237$2,180 7755$1,692.75 2$488
21-Jan-2317$5,768 1617412$1,918 5$3,850
14-Jan-2311$2, 800101028$421 3$2,400
7-Jan-2318$8,296 1116714$6,461 3$1,835
31-Dec-2214$2,732 119912$2,092 2$640
17-Dec14$7,919 1311512$7,419 1$500
10-Dec-2214$10,093 128811$7,093 3$3,000
3-Dec-2226$12,800.90 1117220$4,141 6$8,659.90
26-Nov-228$2,266.70 853$76 5$2,190.70
19-Nov-2221$2,886 1521219$2,550 2$336
12-Nov-2213$15,093.70 9819$14,200 4$893.70
5-Nov-222519,337.201650922$8,267.20 3$11,070
29-Oct-2215$7,805.30 911614$7,180.30 1$625
22-Oct-2220$8,193.50 1325313$5,442 7$2,751.50
15-Oct-229$3,046.10 91397$2,588.30 2$457.80
8-Oct-2219$2,011.80 1211416$833.80 3$1,178
1-Oct-2223$5,532.90 1615618$4,952.30 5$580.60
24-Sep-2218$5,194 1421615$4,050 3$1,144
17-Sep-2221$8,352.30 1232015$4,759.60 6$3,592.70
10-Sep-2215$19,853.50 1012613$19,403.60 2$450
3-Sep-229$2,312 9629$2,312 00
27-Aug-2216$30,891.70 1013515$30,666.40 1227.7
20-Aug-2212$1,977 815299253$1,052
13-Aug-2218$8,004.70 1124211$2,844.70 7$5,160
6-Aug-2224$7,948.90 1224017$3,577 7$4,371.90
30-Jul-228$6,941 9787$6,839 1$102
23-Jul-2211$801 119210$801 10
16-Jul-2214$3,650 1012214$3,650 00
9-Jul-2210$3,557.70 7689$3,557.70 10
2-Jul-2218$8,609.40 1315215$2,754.40 3$5,855
25-Jun-2215$6,142 131469$2,017 6$4,125
18-Jun-2217$11,890.10 1422815$11,410 2479.7
11-Jun-2217$7,600 1212310$2,300 7$5,300
4-Jun-2212$2,937 101279$692 3$2,245
28-May-229$3,197.60 11869$3,197.60 00
21-May-2214$7,284.50 1218511$6,609 3$675.50
14-May-2211$306.60 98010$306.60 1$225
7-May-2216$10,451.75 1210812$1,827 4$8,624.75
30-Apr-2216$2,296.50 1615712$895.50 4$1,401
23-Apr-2210$2,241 11588$1,641 2$600
16-Apr-2211$6,643 71568$2,359 3$4,284
9-Apr-2217$4,429 1418411$1,690 6$2,739
2-Apr-2213$1,755 88410$1,145 3$610
26-Mar-2211$3,205 8656$200 5$3,005
19-Mar-2213$2,239.17 910613$2,239.17 00
12-Mar-2218$12,016 1123915$11,965 2$51.35
5-Mar-2217$6,786 1313713$5,161 4$1,625
26-Feb-2212$5,095 81499$4,437.50 3$658
19-Feb-2217$22,229 1717414$21,354 3$875
12-Feb-2212$2,344.70 10738$641.70 4$1,703
5-Feb-2211$2,503 89911$2,503 00
29-Jan-2211$3,872 1210112$3,872 00
22-Jan-2213$5,143.50 109912$4,842.50 1$301
15-Jan-2212$7,605 91559$6,480 3$1,025
8-Jan-2213$8,256.20 1110213$8,256.20 00
1-Jan-229$1,273.80 6509$1,273.80 00
25-Dec-2121$4,734.75 1117616$3,410 5$1,324.75
18-Dec-2126$7,325.20 1519318$3,640.20 8$3,685.20
11-Dec-2116$5,017 1010913$1,417 3$3,600
4-Dec-2114$2,310 8868$2,310 6$1,882.05
27-Nov-219$3.460.1101016$1,758 3$1,702.60
20-Nov-2120$22,792 1515712$18,864.50 8$3,928
13-Nov-2121$26,729 1217813$11,822 8$14,907
6-Nov-2112$8,303 1315710$6,682 3$1,621
30-Oct-2121$10,368 1521815$9,24.46$1,103.00
23-Oct-2121$18.783.11522211$12,314 10$6,468.60
16-Oct-2115$3,868 1111815$2,293 2$1,575
9-Oct-2120$8,610 1617516$7,795 4$815
2-Oct-2114$6,250 1113710$5,200 4$1,050
25-Sep-2111$11,460 9937$10,200 4$1,250
18-Sep-2111$16,603 8998$15,084 3$1,519
11-Sep-2117$10,653 1110313$8,503 4$2,150
4-Sep-2113$7,222 108911$6,715 2$507
28-Aug-2112$763 96311$663 1$100
21-Aug-2112$29,659 77911$29,579 1$80
14-Aug-2122$17,845 1119912$12,805 10$5,04
7-Aug-2117$13,670 1213915$11,766 2$1,904
31-Jul-2121$8,160 1113410$3,574 10$4,586
July 24,202121$6,367 1113915$3,712 6$2,655
17-Jul-2114$4,009 1112412$2,015 2$1,994
10-Jul-2116$3,997 1314311$1,597 4$2,4
3-Jul-2124$7,492 139416$3,769 8$3,722
26-Jun-2110$4,995 7858$3,847 2$1,148
19-Jun-2128$16,830 82289$1,861 19$14,968
12-Jun-2126$27,238 1520919$25,602 7$1,636
5-Jun-2115$15,539 1310013$14,709 2$600
29-May-2135$20,279 1114528$18,647$1,639
22-May-2124$53,208 1417417$51,047 7$2,161
15-May-2118$10,620 1322011$5,870 7$4,809
8-May-2117$10,400 1115615$8,386 2$2,500
1-May-2121$7,200 1611512$3,808 9$3,392
24-Apr-218$20,200 9318$20,200 00
17-Apr-2114$6,270 810211$40,180 3$2,260
10-Apr-2115$8,940 1312914$7,990 1$950
3-Apr-2118$19,513 1015112$16,923 6$2,590
27-Mar-2127$13,942 1524414$4,300 13$9,633.50
20-Mar-2111$2,046 41023$270 8$1,776
13-Mar-2115$3,270 91096$538 9$2,732
6-Mar-2124$13,617 1019613$10,395 11$3,222
27-Feb-2119$8,105 1213915$4,970 4$3,135
20-Feb-219$8,820 91538$8,520 1$300
13-Feb-2112$4,852.60 78172,7665$2,086.60
6-Feb-2118$9,752 1315314$5,222 4$4,530
30-Jan-2118$9,449 918215$8,753.80 3$695.30
23-Jan-2114$8,150 81186$4,000 8$4,150
16-Jan-2117$6,783 1313811$2,400 6$4,382.90
9-Jan-2122$6,829 1413518$3,139.30 4$3,690
2-Jan-217$1,466 7607$1,466 00
26-Dec-2018$15,900 1216316$5,300 1$600
19-Dec-2018$9,769 1411014$8,426 4$1,343
12-Dec-2010$7,200 91009$3,325 1$3,830
5-Dec-2015$4,261 91229$2,780 6$1,481
28-Nov-2019$7,758 1011013$4,003 6$3,755
14-Nov-2014$864.10 1415712$289.10 2$575
7-Nov-2013$6,332 91299$2,483.50 4$3,849
31-Oct-2010$3,995.80 81036$3,231.10 4$754.70
24-Oct-206$18,100 6585$17,709 1$350
17-Oct-208$351.90 5558$351.90 00
10-Oct-207$5,229 3504$735 3$4,494
3-Oct-2014$21,428 91739$17,535 5$3,893
26-Sep-2010$12,770 8935$10,300 5$2,470
19-Sep-2014$8,365 91016$1,020 8$7,345
12-Sep-206$4,406 8593$1,270 3$3,136
5-Sep-2011$5,191 81179$4,061 2$1,130
29-Aug-2011$2,531 9945$1,130 6$1,401
22-Aug-2018$6,574 121407$1,930 11$4,644
15-Aug-2013$4,991 10977$1,216 6$3,775
8-Aug-2012$32,092 111129$30,457 3$1,635
1-Aug-207$5,287 8765$3,687 2$1,600
25-Jul-209$18,751 6677$18,403 2$348
18-Jul-206$1,982.50 5504$1,407.50 2$575
11-Jul-2011$565.10 127510$65.10 1$500
4-Jul-2010$8,889 8989$8,788 1$100.30
27-Jun-208$6,874 10505$4,972.50 3$2,081.50
20-Jun-2012$4,444 91157$2,829 5$1,615
13-Jun-206$3,582 4372$350 4$3,232
6-Jun-2011$3,213.70 8657$470 4$2,743.70
30-May-208$7,335 7486$4,639 2$2,697
23-May-204$432.40 4343$432.40 10
16-May-206$310 6345$310 10
9-May-2018$5,630 1612414$3,180 4$2,450
2-May-201510,40010908$1,900 7$,8,500
25-Apr-208$3,400 9365$1,000 3$2,450
18-Apr-2019$9,500 14928$185.70 11$9,360
11-Apr-2012$6,000 9405$190 7$5,800
4-Apr-2014$8,200 116810$2,200 4$6,000
28-Mar-2016$6,500 139610$3,700 6$2,800
21-Mar-2011$11,910 7337$2,250 4$9,960
14-Mar-207809.86346684.81125
7-Mar-2016$2,500 157013$669 3$1,400
29-Feb-2013$15,260 1312811$11,760 2$3,500
22-Feb-2012$3,700 109210$2,560 2$1,130
15-Feb-2016$1,250 108412$35 4$1,222
8-Feb-2018$6,080 1412314$2,595 4$3,485
1-Feb-2021$20,900 1210114$17,860 7$3,060
25-Jan-2013$7,430 136212$6,430 1$1,000
18-Jan-2023$9,580 1512019$6,580 4$3,000
11-Jan-2021$14,200 1819916$1,020 5$13,200
4-Jan-2022$6,400 1111916$3,204 6$3,245
28-Dec-1922$7,150 1917518$6,800 4$327.40
14-Dec-1924$36,300 2316719$9,500 5$26,800
7-Dec-1911$10,400 11557$1,082 4$9,370
November 30. 201914$2,450 1212612$1,760 2$692.50
23-Nov-1916$1,995 104111$615 5$1,380
16-Nov-1915$3,820 1313511$2,500 4$1,271
9-Nov-1925$12,900 1718223$12,200 2$575
2-Nov-1910$2,470 126192,4503$22
26-Oct-1912$5,560 147011$3,860 1$1,700
19-Oct-198$6,600 81388$6,600 00
12-Oct-1919$4,300 145516$3,800 3$500
5-Oct-1918$14,500 1916615$11,100 3$3,400
28-Sep-1919$8,100 1813218$7,560 1$550
21-Sep-1914$6,300 166611$2,160 3$4,170
14-Sep-1915$23,800 125611$21,250 4$2,570
7-Sep-1917$3,500 159814$1,900 3$1,600
31-Aug-195$8,700 6505$8,700 00
24-Aug-1916$10,000 148215$4,250 1$5,750
16-Aug-1910$1,680 5527$650 3$950
9-Aug-1917$17,700 156814$3,900 3$13,800
2-Aug-1913$5,760 1210813$5,760 NANA
27-Jul-1911$7,300 13768$6,570 3$730
20-Jul-1913$11,800 1312511$5,300 2$6,500
13-Jul-1910$775 7468$542.50 2$233
6-Jul-197$2,500 9857$2,500 00
29-Jun-1923$8,290 1515417$2,300 6$5,970
22-Jun-1917$10,700 1013914$7,700 3$3,000
15-Jun-1911$13,500 1416011$13,500 NANA
8-Jun-1913$2,870 175511$1,570 2$1,300
1-Jun-1910$4,460 11608$4,140 2$315
25-May-1917$4,360 147914$3,700 3$612
18-May-1922$9,000 1715016$3,400 6$5,600
11-May-1918$19,800 1717715$18,300 3$1,500
4-May-1910$7,075 6328$6,900 2$175
27-Apr-1915$3,200 1411714$3,160 1$40
20-Apr-1913$13,500 10909$12,200 4$1,300
13-Apr-1916$38,900 149114$37,800 2$1,100
6-Apr-1912$6,870 119410$6,730 2$50
30-Mar-1915$6,470 128410$7,91.55$5,677
23-Mar-1918$6,450 149114$5,042 4$1,408
16-Mar-1914$10,180 1211511$8,800 3$1,300
9-Mar-199$1,800 6498$1,300 1$500
2-Mar-1920$3,033 1610714$1,817 6$1,262
23-Feb-1912$2,040 8699$614.60 3$1,430
16-Feb-1916$9,970 187716$9,970 00
9-Feb-1914$6,400 1011014$6,400 00
2-Feb-1918$6,740 159916$5,720 2$950
26-Jan-1913$2,770 116711$918.95 2$1,850
19-Jan-1915$3,819 167612$2,594 3$1,225
12-Jan-1918$7,283 149215$1,683 3$5,600
5-Jan-1910$529 125010$529 00
22-Dec-1817$2,570 138714$941 3$1,629
15-Dec-1810$2,860 8268$264 2$2,600
8-Dec-1815$1,819 166512$552 3$1,267
1-Dec-1812$7,500 10909$1,200 3$6,200
28-Nov-1815$4,500 1110714$4,000 1$500
19-Nov-1818$6,137 139813$2,142 5$3,995
14-Nov-1818$9,200 1315215$8,500 3$694
6-Nov-1816$17,300 1618314$16,361 2$950
29-Oct-1814$14,400 1812717$13,800 1$600
24-Oct-1813$6,140 1312611$5,122 2$1,018
17-Oct-1818$18,390 1512514$12,292 4$6,098
10-Oct-1829$3,149 1810420$1,647 9$819
2-Oct-1818$9,300 116714$7,300 4$2,000
25-Sep-1813$7,000 117510$6,000 3$995
18-Sep-189$3,570 7449$3,570 00
11-Sep-1813$5,900 1013213$5,900 00
7-Sep-1814$5,000 158611$4,000 3$1,000
29-Aug-1815$20,700 147913$4,700 2$16,000
20-Aug-1810$12,400 11538$11,380 3$1,057
14-Aug-1812$19,900 121329$18,889 3$1,011
7-Aug-1816$68,600 1110613$67,259 3$1,340
31-Jul-1815$15,100 159511$13,060 4$2,060
23-Jul-1813$2,130 156010$1,804 3$1,100
17-Jul-1814$5,370 17989$4,310 5$1,100
9-Jul-1816$11,200 157410$11,080 6$862
3-Jul-1813$7,000 78112$6,330 1$750
25-Jun-1815$8,800 13979$4,970 6$3,930
18-Jun-1813$14,200 14807$221 6$14,290
11-Jun-1812$6,300 8968$5,910 4$803
6-Jun-1813$14,500 10888$14,154 5$579
31-May-1811$4,890 10638$3,240 3$1,790
22-May-1815$20,400 11639$19,808 6$885
15-May-1815$4,700 1510610$3,900 5$643
9-May-1811$1,400 13889$1,300 2$560
1-May-188$14,250 7887$13,400 1$450
24-Apr-1812$5,300 66111$4,470 1$800
17-Apr-189$1,800 10447$2,330 2$1,434
11-Apr-1811$2,500 8326$1,690 5$809
3-Apr-1815$13,400 111219$12,020 6$1,090
28-Mar-1810$4,000 10927$3,870 3$215
19-Mar-1817$5,800 135110$590 7$5,165
12-Mar-1815$3,130 114311$2,360 4$788
6-Mar-1819$5,400 1311610$1,530 9$4,860
27-Feb-1820$6,600 136914$5,530 6$1,030
19-Feb-1815$5,500 1411110$3,990 6$1,980
12-Feb-1823$10,900 1715712$7,110 11$3,840
5-Feb-1816$8,600 131007$1,330 9$7,800
30-Jan-1811$12,600 11685$7,300 6$4,982
24-Jan-1819$9,400 151295$2,010 14$7,337
18-Jan-1810$6,280 8492$2,100 8$4,188
9-Jan-1812$16,500 12929$15,890 3$475
3-Jan-1810$2,500 9478$2,350 2$150
27-Dec-1715$9,000 151139$7,568 6$1,784
18-Dec-1715$13,800 161649$13,010 7$1,118
11-Dec-1714$9,700 1012612$2,940 4$8,500
4-Dec-176$1,800 6315$1,510 1$300
28-Nov-177$3,850 8764$3,260 3$285
16-Nov-1710$2,700 10486$1,840 4$856
8-Nov-1715$2,380 179110$1,860 5$516
1-Nov-1712$4,700 17949$3,400 4$1,300
23-Oct-1715$10,500 106710$9,780 4$1,530
18-Oct-176$2,000 373$225 3$1,820
10-Oct-1712$6,570 1009$3,880 3$3,360
2-Oct-178$3,100 11193$1,630 5$1,750
25-Sep-178$4,880 8795$2,660 5$2,070
18-Sep-179$4,770 3$300 6$4,470
12-Sep-1711$4,430 8$2,030 3$2,400
1-Sep-174$1,310 3$317 1$1,000
23-Aug-1711$13,640 98$11,840 3$1,800

And this week’s crop is far more diverse. There are deals on gold mining, diapers, wind farms, luxury cars, auto auctions, dried foods and booze. There were even a few energy deals that didn’t involve a bankruptcy.

MERGERS/ACQUISITIONS/PE FUNDING

Winston Advises on Formation of Group 11 Technologies

Group 11 Technologies, a newly created mining tech company, announced Sept. 1, that it has launched commercial operations aimed at the environmentally friendly recovery of gold from sulphide concentrates.

Based in Dallas, the company intends to operate exclusively in the U.S., but it is owned by three Canadian mining concerns: enCore Energy Corp. (40%), EnviroLeach Technologies (40%) and Golden Predator Mining Corp. (20%).

The organization of Group 11 (named for the position of coinage metals on the Periodic Table of Elements) was advised by Winston & Strawn Dallas partner Matt Stockstill with assistance by associate Matt Olson.

Each of the three Canadian companies, all of whom are based in British Columbia, brings its own assets and expertise to Group 11. enCore contributed $750,000 in initial funding and will provide “in-situ” extraction expertise. EnviroLeach provides a license agreement to Group 11 for its extraction techniques. Golden Predator will provide mobile mining equipment and operational expertise.

Group 11 plans to self-fund all of its ongoing research and development expenditures for what the company believes are potentially disruptive mining processes. Group 11 will begin its operations with the acquisition and testing of existing gold projects deemed compatible with the company’s strategy.

Said Duane Nelson, president and CEO of EnviroLeach: “The in-situ recovery of gold using the EnviroLeach/Group 11 combined processes, has the potential to change how the world mines gold. This technology provides a relatively non-invasive, low CAPEX/OPEX alternative to conventional gold mining. This could unlock the value of thousands of smaller gold deposits, and those in sensitive environments.”

The technology, referred to as In-Situ Recovery (ISR), is described as using diluted water-based solutions underground to dissolve targeted metals, returning them to the surface for further processing and recovery. The company says the system precludes the need for open pits or tunneled mine extraction, as well as problems of toxic run-off.

“ISR means substantially reduced mine-closure time and costs compared to conventional practices. In addition, energy requirements, water usage and the environmental footprint of mining projects can be significantly reduced using ISR technology,” the company said in its release.

Group 11 partners have extensive experience in the mining, not necessarily of gold, but of uranium. For instance, enCore founder William Sheriff was co-founder and chair of Energy Metals Corp. Energy Metals compiled the largest domestic uranium resource base before its sale in 2007 to Uranium One Corp. for $1.8 billion. He is also chair of Golden Predator Mining. Sheriff’s ties to Texas include an MS degree in geology from the University of Texas-El Paso.

enCore CEO Dennis Stover said the company’s experience with the in-situ technology had been used in its domestic U.S. uranium operations. “We look forward to applying our expertise with this proven, environmentally sound technology to the recovery of precious and other metals.”

Bracewell Reps Foundation in Funding of Institute at Rice University

The Robert A. Welch Foundation and Rice University announced Sept. 1 the creation of The Welch Institute, a collaboration focused on advanced materials research.

Initial funding for the institute includes a $100 million commitment to underwrite the accelerated development of the discovery, design and manufacture of the next generation of materials using the tools of fundamental chemistry and artificial intelligence. The institute will be located on the university campus.

Bracewell represented the Welch Foundation in the transaction with a Houston team led by finance partner Brian Teaff and corporate partner Lytch Gutmann. Also pitching in were partners Aaron Roffwarg (transactions), Jonathon Hance (intellectual property) and Rebecca Baker (labor & employment). Assisting were senior counsel Lance Behnke, counsel Tamara McKinzie-Ortega and associates Kevin Tamm and Jay Larry.

Created in 1954 from the estate of oil and real estate magnate Robert Alonzo Welch, the foundation has become one of the nation’s largest private funding sources for chemistry research at institutions throughout Texas.

Bracewell Advises on $1.1B Sale of Offshore Wind Farm Interest to BP

Equinor, the Norwegian energy company, announced Sept. 10 that it has sold a 50% stake in two U.S. offshore wind farms to BP as part of a partnership to develop renewable sources of energy.

The $1.1 billion investment by BP includes the Beacon wind project off the shores of Massachusetts and the Empire wind project some 15 miles off Long Island. Together the two projects can generate up to 4.4 gigawatts of electricity,

Bracewell said it had represented Equinor in the deal with a team led from Washington, D.C. (partner Kevin Ewing) and New York (partner Daniel Hemli), but included Texans: partner Alan Rafte and associates Janie O. Callaway, Caroline Ellis, Patrick Johnson and Shannon Rice, all of the Houston office.

The BP investment is part of the company’s announced recalibration of its energy production profile. The company said it aims to be producing 50GW in renewable power by the end of the next decade.

BP already holds interests in onshore renewables but this is its first foray into offshore wind.

Under announced terms of the agreement, Equinor will continue to manage the two projects, but the two companies intend to expand their partnership into other renewable ventures. Funds for future development were not part of the Empire and Beacon investment.

Gibson Dunn Advises Kimberly-Clark in $1.2B Indonesian Acquisition

Dallas-based Kimberly-Clark Corp announced September 3 that it is acquiring Softex Indonesia from a group that includes CVC Capital Partners Pacific IV. The all-cash transaction was for $1.2 billion.

Softex specializes in personal care products, but is a major maker and distributor of diapers in a region that supports a $1.6 billion market — sixth in the world — with five million births a year.

Kimberly-Clark was advised by a Gibson Dunn team led from Dallas by Jeff Chapman. Dallas partner Jonathan Whalen, and Dallas associates Paige Lager and Kiel Sauerman. Dallas associate Michael Cannon advised on tax aspects. 

Morgan Stanley & Co. LLC and Centerview Partners LLC acted as financial advisors.

Kimberly-Clark and its iconic brands — Huggies, Kotex, Poise, Cottonelle, Scott, Viva — are found in more than 175 countries. A number of their products are positioned first or second in their markets in 80 of those nations. With the Softex acquisition the company says its currently limited position in the country becomes a strong market share in its key personal care categories in the largest economy in Southeast Asia.

This acquisition represents a compelling strategic fit and demonstrates our commitment to accelerate growth in developing and emerging markets,” said Mike Hsu, Kimberly-Clark chairman and CEO.

Softex, with net sales of $420 million in 2019, has been building its personal care business since 1976, according to the company, and with up-to-date manufacturing facilities and what is described as “a strong go-to-market distribution network” has consistently delivered double-digit growth.

V&E, Kirkland, Willkie Advise as Liberty Oilfield Merges with Schlumberger Unit

Denver-based Liberty Oilfield Services Inc. and Schlumberger announced Sept. 1 that Liberty is acquiring Schlumberger’s onshore hydraulic fracturing business in the United States and Canada.

Under terms of the deal, Liberty acquires Schlumberger’s pressure pumping, pumpdown perforating, and Permian frac sand businesses in exchange for a 37% equity interest in the combined company.

Liberty will continue to be led by its current management team.

Vinson & Elkins advised Liberty on the transaction. The V&E corporate team was led by partners David Oelman and Steve Gill and senior associate Crosby Scofield, with assistance from associates Yong Eoh, Jordan Fossee, Matt Fiorillo and Natalie Stanley.

Also advising were partner Lina Dimachkieh, senior associate Brian Russell and associate Miron Klimkowski (tax); partner Devika Kornbacher and senior associate Sean Hill (technology transactions/IP); partner Sean Becker, counsel Chris Bacon and senior associate Alex Bluebond (labor/employment); partner Brian Bloom, senior associate Missy Spohn and associate Mary Daniel Morgan (executive compensation/benefits); counsel Larry J. Pechacek and associate Audrey Elise Doane (environmental); senior associate Julie Monier (real estate).

Kirkland & Ellis represented Schlumberger. The Kirkland team was led by corporate partners Sean Wheeler, Kim Hicks and Cephas Sekhar and associates Camille Walker, Brittany Scheier, Mya Johnson and Dustin Davis; and included executive compensation partner Robert Fowler; and tax partner David Wheat and associate Ryan Phelps.

Willkie Farr also had a presence in the deal with its representation of funds led by Riverstone Holdings, a significant shareholder in Liberty. Houston partners Bruce Herzog and Jeffrey Hochman led the Willkie team.

Baker Botts Advises on Pelican Partners/Surface Pressure Control Flow Acquisition

With the open ambition of creating a stand-alone oilfield pressure control business, Pelican Energy Partners has agreed to purchase the assets of Surface Pressure Control Flow from Oilfield Services, a subsidiary of Baker Hughes.

Terms of the agreement were undisclosed, but the deal is expected to close in the fourth quarter of 2020.

In combination with the management team of SPC Flow, Pelican plans to establish the independent business, providing products and service operations in the U.S., Australia, Papua New Guinea and Trinidad and Tobago. In addition to the sale of wellhead products, the company plans to provide frac trees, valves and zipper manifolds for rental.

Baker Hughes will retain the current SPC Flow surface and subsea product offerings in the Middle East, Africa, North Sea and Asia.

Pelican was advised by Baker Botts with a team led by partner Efren Acosta. Acosta was assisted in by corporate associates Jennifer Gasser and Nathaniel Richards. Tax advice was provided by partner Ron Scharnberg; intellectual property matters by partner Robinson Vu; real estate by partner Chris Wilson and associate Austin Jennings and environmental associate Harrison Reback. All are from Houston. Employee benefits advice was provided by special counsel Laura McDaniels of Palo Alto.

McDermott Will & Emery counseled Baker & Hughes. Bank of America Securities was its financial advisor.

Founded in 2012 by Michael Scott, Houston-based Pelican boasts an investor base that includes more than 30 former CEOs and more than 20 energy company owners.

Said Scott, the company CEO: “This carveout transaction will enable the business to be a more focused, nimble and responsive company. We are glad to be supporting this management team that strongly believes that as a more entrepreneurial company, they will be better positioned to compete and win in these challenging markets.”

Locke Lord Advises on Park Place Dealership Sales for $735M

Locke Lord announced last week that it had advised the Park Place Dealerships in its acquisition by Asbury Automotive Group, a $735 million deal that closed late last month.

The price for 12 franchises and eight dealership locations as announced in July included $685 million for goodwill and $50 million for parts, fixed assets and leaseholds, excluding vehicle inventory. A $1 billion deal was originally announced last December that included 17 new vehicle franchises. Both deals included the Park Place Auto Auction as well as the company’s five body shops. All are in the Dallas/Fort Worth area.

The Locke Lord team representing Park Place was led by Elizabeth Genter from Houston. She was supported in Houston by partners Sara Longtain, Kevin Peter, Ed Razim and Jason McCloskey, along with associates Hayley McElhinney and Shannon Schroeder. Partners Van Jolas, Elizabeth Mack and Geoff Polma chipped in from Dallas.

Former Park Place chair and founder, Ken Schnitzer, has since announced the formation of Avondale Group, a new dealership enterprise compiled from the Park Place franchises not included in the revised deal. Schnitzer founded Park Place in 1987 from a single Dallas-based Mercedes-Benz franchise.

Park Place was one of the premiere independent luxury dealers in the U.S., with four of its stores ranking in the top ten by volume in the U.S. by franchise: Mercedes-Benz, Lexus, Porsche and Jaguar/Land Rover. The Park Place Lexus and Volvo stores are ranked nationally among the top 20 within their brand.

Headquartered in Duluth, Georgia, Asbury Automotive is a Fortune 500 company and, with 91 dealerships, one of the largest auto sales operations in the U.S. The company said the acquisition will represents an addition of about $1.7 billion in revenues for Asbury, meaning about 28% of its overall portfolio will derive from the Texas market and about 49% of its portfolio will be in the generally stable luxury brands.

Locke Lord Counsels Main Street Capital in $26M Investment in Superior Rigging

On Sept. 2, Main Street Capital Corporation announced that it had funded $26 million in a minority recapitalization of Superior Rigging & Erecting Co., a provider of crane and construction rigging in the Southeast.

The investment includes a combination of senior secured term debt and a direct equity investment. In addition, Main Street is providing Superior with access to additional term debt.

Main Street was advised in the investment by Locke Lord with a team led by Greg Heath from Houston. Additional help was provided by Jeannie Diep, Tammi Niven, Matt McKenna, Jason McCloskey, Sara Longtain, Ed Razim, Buddy Sanders and Michelle Gutierrez-Begin, all of Houston.

Main Street invests in lower middle market companies with revenues between $10 million and $150 million.

In June, Heath led the Locke Lord team that counseled Houston-based Main Street in its sale and exit from the software-as-service IDX Broker. Jason Beavais is the company’s general counsel. He joined Main Street in 2008 after stints at Occidental Petroleum and Baker Botts.

Winston & Strawn Advise Silva on in $170M Acquisition by Universal Corporation

Silva International, a dehydrated food processing company, announced Sept. 8 that it had been acquired by Universal Corporation for $170M.

Winston & Strawn represented Silva, which is headquartered in Momence, Ill. The company employs more than 200 and owns a 380,000 square foot manufacturing facility. Headquartered in Richmond, Va., Universal is a provider of a wide variety of processed food and tobacco products.

The Winston cross-practice team was led from Dallas by corporate partner Christina Tate. Winston’s Texas contingent included: Houston partner Jeff Smith and Dallas-based associates Ben Chrisman, Danielle Marr, Jon Pevey and Richard Sparr.

Winston Represents Beam Suntory in Acquisition of On The Rocks

Beam Suntory announced Sept. 2, that it had acquired On The Rocks Premium Cocktails, a ready-to-drink cocktail brand.

Beam Suntory had owned a minority interest in On The Rocks, which features Beam Suntory brands as ingredients in its pre-mixed cocktails. Beam Suntory is produces such iconic spirits as Jim Beam, Maker’s Mark and Courvoisier.

Winston & Strawn counseled Beam Suntory with a team led by Dallas partner Andrew Betaque and lawyers from Chicago, Washington D.C., San Francisco and New York.

Albert Baladi, president & CEO of Beam Suntory, said, “We have an ambition to become #1 in the spirits-based ready-to-drink market, and On The Rocks will be a key growth platform.”

Among the brand’s signature cocktail products are the Knob Creek Old Fashioned, Hornitos Margarita, EFFEN Cosmopolitan and Cruzan Mai Tai. The brand is currently distributed primarily in the U.S. and Canada.

On the Rocks was co-founded in 2015 by restauranteur Patrick Halbert and Rocco Milano, a bartender. Beam Suntory said Halbert and Milano will continue to play leading roles with the brand post acquisition.

Betaque was also involved in Winston’s  represented KAR Auction Services, Inc., $425 million acquisition of BacklotCars, a Missouri-based dealer-to-deal whole platform and app, announced Sept. 8.

Based in Indiana, KAR Global specializes in technology for wholesale vehicle purchase and financing.

Weil Advises On Semarchy Funding

Semarchy, a San Francisco provider of accessible data platforms, announced Sept. 2, that it received a “significant” but undisclosed investment from Providence Strategic Growth, an equity fund advised by Providence Equity Partners.

Providence Strategic Growth was advised by Weil Gotshal & Manges with a team co-led by partners Kevin Sullivan from Boston and private equity partner Rick Frye from Dallas.

Founded by Salah Kamel, a former systems architect at Oracle, Semarchy offers xDM, a data management platform that collects and coordinates reference data streams across a variety of platforms and applications. The platform, which is accessible through cloud services like Microsoft Azure and Amazon Web Services allows quick access to data analysis for even modest sized businesses.

Rick Essex, Managing Director at Boston-based PSG, described the Semarchy platform as “exceptional technology” that offers “a growing base of industry-leading customers.”

CAPITAL MARKETS/BANRUPTCY

V&E, Weil Advise on Unit Corp Financial Restructuring

Unit Corp., a Tulsa-based energy company, announced its emergence from Chapter 11 following a financial restructuring that included an equity exchange for subordinated notes that eliminated $650 million of funded debt.

Vinson & Elkins advised Unit Corp.

The key terms of the plan of reorganization include, among others, the  elimination of more than $650 million of funded debt through a debt-for-equity exchange with the holders of Unit’s previous 6.625% senior subordinated notes, a conversion of its existing credit facility into a new $140 million reserve-based lending revolving loan, a $40 million secured term loan and a significant reduction in unsecured debt liabilities.

The agreement also includes a new issue of 12 million shares common stock, nearly all of which (95%) will be issued to note holders and certain unsecured creditors. The remainder will be issued to lenders. The exchange is planned for later this year.

The company plans for the shares to be traded on an OTC market to be determined later by a new board of directors.

The V&E team was led by partners David Meyer from New York and Harry Perrin in Houston, assisted by senior associate Matt Pyeatt and associates John Morgan, Trevor Spears, Emily Tomlinson, and Kiran Vakamudi.  Pitching in from Houston and Dallas were partners Doug Bland, David D’Alessandro, Paul Heath, Guy Lipe, David Peck, Wendy Salinas, Darin Schultz and Mike Telle; counsel Luke Edney, Jordan Leu and Dario Mendoza; senior associates Alex Cross, Heather Johnson, Stephanie Noble, Jeremy Reichman, Brian Russell and Jing Tong; and associates David Albano, David Gilbert, Anna Johnson, Thomas Mitsch, Maddison Riddick, Brittany Simington and Maggie Webber. 

Evercore Group L.L.C. served as investment banker, and Opportune LLP served as restructuring advisor to the Company.

Bankruptcy partner Alfredo Perez of Weil, Gotshal & Manges, who offices in Houston, served as legal advisor and Greenhill & Co. served as financial advisor to an ad hoc group of holders of the subordinated notes.

Unit is a diversified energy company with subsidiaries that include Superior Pipeline and Unit Drilling Co.

V&E, Latham Advise in Brigham Minerals Secondary Offering

On Sept. 10, Brigham Minerals Inc. announced the pricing at $35.8 million for an underwritten secondary offering of more than 4.3 million shares of its common stock.

The offering, which closes Sept. 15, is being made by affiliates of Warburg Pincus at $8.20 per share on 4,366,209 shares. None of the funds from the offering will accrue to Brigham. The company also announced that it had privately negotiated the repurchase of 436,630 of the shares at the same price.

Vinson & Elkins represented Brigham Minerals. The V&E corporate team was led by partners Doug McWilliams and Thomas Zentner with assistance from senior associate Bo Shi and associates Luke Thomas, Layton Suchma and Chris Kirby. Partner Jason McIntosh, senior associate Allyson Seger and associate Liz Snyder provided tax advice. Also assisting were partner Matt Dobbins and associate Austin Pierce (environmental) and counsel Dario Mendoza (executive compensation/benefits).

Credit Suisse Securities (USA) LLC acted as sole underwriter for the offering.

Latham & Watkins LLP represents Credit Suisse with a corporate deal team led by Houston partner David Miller, along with Houston associates Monica White, Om Pandya, and Kate Wang and Washington, D.C. associate Ashlyn Royall. Advice tax matters was provided by Houston partners Tim Fenn and Jim Cole, alongwith Houston associate Chelsea Muñoz-Patchen; Houston partner Joel Mack provided advise on environmental issues with Los Angeles counsel Joshua Marnitz; compensation and benefits advise was provided from Washington, D.C.

In December 2019, Brigham and several shareholders, including Warburg Pincus, offered a total of 11 million shares — 6 million by Brigham, 5 million by the shareholders — at $18.10 per share. Miller and Latham also advised the underwriters in that offering. Vinson & Elkins represented Brigham.

Founded by Bud Brigham in 2012, Brigham Minerals is an Austin-based portfolio management company specializing in mineral and royalty interests in resource basin in key resource basins throughout the U.S. West and Southwest. In 1990, Brigham founded Exploration which was sold in 2011 to Equinor (then known as Statoil ASA). In 2012, Brigham founded both Brigham Minerals and Brigham Resources. The latter was sold to Diamondback Energy in 2017

Kari Potts, who joined Brigham as general counsel earlier this year, had been the general counsel at Equinor, but UT law grad has history with Brigham. She was general counsel at Brigham Exploration when it was sold to Equinor in 2011.

Baker Botts Advises Valero Energy Corp. in $2.5B Note Offerings

Valero Energy Corporation announced Sept. 8 that it had priced its public offering of $2.5 billion in four series of senior notes. The offerings closed Sept. 10.

San Antonio-based Valero was advised by Baker Botts with a team led by Houston corporate partner Jeremy Moore, assisted by Houston associates Jude Dworaczyk, Gita Pathak and Lauren Richter. Partner Steve Marcus of Houston and associate Snow Rui of Dallas advised on tax, while partner Matthew Kuryla and associate Laura Williams, both of Houston, advised on environmental matters.

In-house Valero lawyers involved on the offerings included Richard Walsh, Stephen Gilbert and Ethan Jones.

J.P. Morgan Securities LLC, Citigroup Global Markets Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. acted as joint book-running managers for the Offering. 

The offerings consisted of$575 million of Valero’s floating rate senior notes due 2023; $925 million aggregate principal amount of its 1.200% senior notes due 2024, $400 million in 2.850% senior notes due 2025 and $600 million in 2.150% senior notes due 2027. The series of 2025 was in addition to a $650 million series of similar terms issued in April 2020. The 2023 floating rate notes are set at LIBOR plus 1.150%.

Baker Botts Reps Tallgrass Energy Partners in $600 Notes Offering

In a move to pay down its secured revolving credit facility, Tallgrass Energy Partners is offering $600 million in 7.5% unsecured senior notes. Priced at par, the notes are due 2025. The private institutional offering is being made through its subsidiary Tallgrass Energy Finance Corp. and closes Sept. 16.

Baker Botts represented TEP with a Texas team led from Austin by corporate partners Mollie Duckworth and Courtney Fore included Houston partner Dan Tristan and Austin associates Allison Lancaster and Jenna Kabrich. Tax advice was provided from by partner Jon Nelsen and senior associate Leah Patrick, both from Houston.

Essentially the same Baker Botts team advised Kansas-based Tallgrass on a similar transaction in February when Tallgrass placed $430 million in 6% senior notes due 2027. That issue was also intended to pay down its secured credit facility.

Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets in some of the nation’s most prolific crude oil and natural gas basins.

V&E Helps Range Resources Close $300M Notes Offering

On Sept. 1, Range Resources Corporation closed its offering of $300 million 9.250% senior notes due 2026.

Range expects that the net proceeds of the offering will be approximately $294.6 million. The size of the offering was increased from the previously announced $200 million to $300 million.

Vinson & Elkins said it had advised Range Resources with a team led by David Stone and Thomas Zentner. Senior associate Raleigh Wolfe and associates Andrianna Frinzi and Nina Bhatia pitched in.

The new 2026 notes are being offered as additional notes to the $550 million in 9.250% 2026 senior notes previously issued by Range in January. The new notes and the original notes have identical terms, and both will be treated as a single class of securities under the indenture.

OTHER:

Vinson & Elkins was counsel to JPMorgan Chase Bank, the administrative agent under the DIP financing facility for Denbury Resources, which filed for restructuring in July. The loan was part of an RSA approved by a Southern District bankruptcy court Sept. 2. Under the approved plan, Denbury restructured over $2 billion of bond debt and continued its reserve based facility with JPMorgan.  JPMorgan had been the administrative agent under Denbury’s $615,000,000 first lien revolving credit facility. The V&E team was led by partners Erec Winandy and Bill Wallander in collaboration with partner Paul Heath, senior associates Rafael Alvarado and Matt Pyeatt, and associates Alex Moosariparambil, Matt Struble and Trevor Spears. Also advising were partner Tzvi Werzberger and counsel Farah Paliwala.

The decision by the Luby’s board of directors approving liquidation of the iconic cafeteria chain’s assets in bankruptcy came after a strategic review by a special committee of the board. Gibson Dunn said it had advised that special committee in its investigation with a team that included Houston partners Gerry Spedale and James Chenoweth along with associate Melissa Pick. The review was led by the firm’s Century City partner Jonathan Layne.

Allen Pusey

Allen Pusey is a senior editor and writer at The Texas Lawbook.

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