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CDT Roundup: From Corrugated to Crypto, Deals Keep Venturing Outside the Box

September 14, 2025 Allen Pusey & Jason Philyaw

The week that ended Sept. 13 saw 21 transactions valued at $21 billion. That doesn’t count the late arrivals and deals outside our usual space (See “Late Arrivals and other matters…” at the bottom of the Roundup). It’s a pretty good week when you average $1 billion per deal. For comparison, the week prior, we saw 19 deals for $8.5 billion and 24 deals for nearly $11 billion at this time last year.

But each week seems a bit stranger than the last. Last week seemed dominated by the unusual, with crypto strategies and 20-year SPAs for Texas LNG exports wagging heads for attention.

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