It was a week could be easily and properly labeled “Infrastructure Week.”
Of the 10 M&A transactions reported last week, eight were related to energy or data center/storage infrastructure or both. NRG bought 18 natural gas power plants for $12 billion. Vistra Corp. acquired a couple more for $1.9 billion. Northleaf Capital closed a $2.6 billion infrastructure fund. TXO acquired Delaware Basin assets from White Rock Resources for $475 million. And the Sterling Group created a new national paving acquisition platform by buying to paving contractors.
In all, there were 15 transactions valued at $21.8 billion, compared with last week’s remarkable 24 transactions for $33 billion. Still, it was quite a week, especially compared to the 11 transactions for $5.5 billion we were looking at a year ago.
But it was also a week with a bit of intrigue. Maybe the most interesting deal was that by Phillips 66, which divested its downstream retail fueling network in Germany and Austria for $1.6 billion in an apparent effort fend off an increasingly hostile proxy fight with Elliott Investment Management. The move came two days after Elliott, which owns a $2.5 billion stake in P66, announced a vote of support by the influential advisory firm International Shareholder Services in the proxy vote, which is scheduled for Wednesday.
Have a deal we should include next week?
The CDT Roundup is a regular feature from The Texas Lawbook highlighting the work Texas dealmakers are doing inside and outside the state.
Please let us know at CDTRoundup@texaslawbook.net by sharing a news release or a short blurb containing the date of the deal, a brief description, a link to any public announcement, the lead lawyers and their offices, as well as any Texas lawyers who advised on the deal.
Weekly Corporate Deal Tracker Roundup Stats
A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)
(Deal Values in Millions)
Deal Count | Amount | Firms | Lawyers | M&A Count | M&A Value $M | CapM Count | ||
---|---|---|---|---|---|---|---|---|
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
NRG to Acquire 18 Gas-Fired Power Plants for $12B
Deal Description: NRG Energy announced May 12 that it is acquiring 18 natural gas-fired power plants across nine states from LS Power Equity Advisors for $12 billion, including debt. The acquisition immediately expands the Houston-based power company’s generation footprint in the Northeast and Texas by 13GW, nearly doubling its firm-wide capacity to 25GW. In addition, NRG is acquiring CPower, a Baltimore-based provider of distributed energy resources for commercial and industrial use. CPower operates in deregulated markets with more than six gigawatts of capacity for its more than 2,000 customers. Once closed, LS Power is expected to own about 11 percent of NRG shares with a six-month lock-up period. The deal is expected to close in the first quarter of 2026. Legal counsel on the deal was provided by White & Case and Weil. For more details on the transaction see our daily coverage here.
Northleaf Capital Partners Closes $2.6B Infrastructure Fund
Deal Description: Northleaf Capital Partners announced the close of its fourth fund, Northleaf Infrastructure Capital Partners IV at its $2.6 billion hard cap. The Toronto-based fund, which began investing in 2023, has completed five investments, including Shared Tower, a carrier-neutral communications infrastructure provider, and Provident Energy Management, a sub-metering and automation services company that specializes for new construction in multi-resident housing.
Northleaf Outside Legal Counsel: Kirkland & Ellis
Kirkland Lead Lawyers: Susan R. Eisenberg (Houston) and Kelly Ryan (Chicago)
Texas Lawyers: Susan Czaikowski (Houston)
Elsewhere: Bruce Gelman (Chicago), Mike Greenberg (Los Angeles), Alpa Patel (Washington, D.C.), Jasmina Resic (Chicago), Cory Baird (Chicago), Sabrina Glaser (New York)
Phillips 66 sells JET-branded sites in Europe to Stonepeak, Energy Equation for $1.6B
Deal Description: With an important proxy battle coming to a head this week, Phillips 66 announced May 15 that its subsidiary Phillips 66 Continental Holding GmbH has entered into an agreement to divest a 65% interest in its Germany and Austria retail marketing business, including its JET-branded sites, to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak. And Phillips 66 will retain a non-operated 35 percent interest in the business through a newly formed joint venture. The deal values the Germany and Austria retail business at $2.8 billion and, after adjustments, expects to gain pre-tax cash of about $1.6 billion — and perhaps as important gain credibility with shareholders who are voting May 21 for what amounts to a change of leadership for the Houston-headquartered company. The agreement includes a multi-year continuation of an agreement to supply the business, which includes 970 retail sites, with fuel products from the Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO) Refinery. Stonepeak is headquartered in New York and Energy Equation in London.
Phillips 66 In-House Counsel: Managing Counsel Maine Goodfellow (Houston) and AGC Ruth White (London).
Stonepeak, EEP Outside Legal Counsel: Akin Gump Strauss Hauer & Feld; Hengeler Mueller
Akin Lead Lawyer: Shaun Lascelles (London)
Stonepeak, EEP Financing Counsel: Paul, Weiss, Rifkind, Wharton & Garrison
Vistra acquires NG generation plants for $1.9B
Deal Description: Irving-based Vistra Corp. announced May 15 that it is acquiring 2,600 MW from Lotus Infrastructure Partners in the form of seven natural gas generating facilities located primarily in the New England (PJM) energy market. Vistra said it is funding the acquisitions from cash-on-hand and a term loan from Lotus. Vistra said it is paying $1.9 billion (or $747 per kWH) for the seven generating plants located in Pennsylvania, Rhode Island, New York, Delaware and California.
Vistra Outside Legal Advisors: Latham & Watkins, Cleary Gottlieb Steen & Hamilton
Latham Lead Lawyers: Trina Chandler (Houston) and Caroline Phillips (New York)
Texas Lawyers: Rebekah Bingham (Houston), Caroline Silverstein (Houston), Alexandra Cumberland (Houston), Diego Guimaraes-Blandon (Houston), Logan McDowell (Houston), and Johnny Zhuang (Houston), Mary Daniel Morgan (Houston), Christina Schrantz (Houston), Robert Brown (Houston)
Elsewhere: Lachlan Sievert (New York), Max Raskin (New York), Natasha Gianvecchio (Washington, D.C.), James Blackburn (Washington, D.C.), Laura Waller (Chicago), Jenny Bobbitt (New York), Stacey VanBelleghem (Washington, D.C.), Jacqueline Zhang (Washington, D.C.), Phil Goldberg (Century City), Michelle Gross (Bay Area), Caroline Omotayo (Silicon Valley), Seth Richardson, Kyle Pascucci (San Diego), Leandra Joseph (Washington, D.C.), Eric Green (Washington, D.C.), Amulya Vadapalli (London), Jocelyn Noll (New York), Chris Zhao (New York), Elizabeth Park (Washington, D.C.), Bradley Bourne (Washington, D.C.), S. Drew Levin (Los Angeles), Enrique Covarrubias (Los Angeles)
Lotus Outside Legal Advisors: King & Spalding, Eversheds Sutherland
King & Spalding Lead Lawyers: Jonathan Melmed (New York) and Adam Hankiss (New York)
Texas Lawyers: Jill McWhirter (Houston)
Vistra Financial Advisors: Barclays, Moelis
Lotus Financial Advisors: Lazard
White Rock Energy to divest Williston Basin assets for $475M
Deal Description: White Rock Energy May 13 announced a deal to sell its producing assets in the Elm Coulee field in the Williston Basin across Montana and North Dakota. White Rock, a Fort Worth-based portfolio company of Quantum Capital Group, sold the assets to TXO (Spring) and North Hudson Resource Partners (Houston) who are folding them into a partnership in which North Hudson will hold a 30 percent non-operating interest. Under terms of the agreement, TXO will pay $350 million in an all-cash deal, with $70 million deferred for a year after closing. The North Hudson sale, handled separately, boosts the sale price to $475 million. The transaction is expected to close in the final quarter of 2025, and will add approximately 6,800 BOE per day to TXO production. In connection with the transaction, TXO announced a public offering (see the bottom of the Roundup for more information).
White Rock Outside Legal Counsel: Vinson & Elkins
V&E Lead Lawyers: John Grand (Dallas) and Robert Hughes (Houston)
Texas Lawyers: David Latham (Dallas), Pranay Malepati (Dallas), Devon Espinoza-Fontenot (Dallas)
TXO Outside Legal Counsel: Kelly Hart & Hallman (on partnership)
North Hudson Outside Counsel: Latham & Watkins (on partnership)
Latham Lead Lawyer: Michael King (Houston)
Texas Lawyers: Brock Jones (Houston), Christine Mainguy (Houston)
North Hudson Outside Counsel: Gibson Dunn & Crutcher (on acquisition)
Gibson Dunn Lead Lawyers: Rahul Vashi (Houston) and Adam Whitehouse (Houston)
Texas Lawyers: Joseph Kmetz (Houston), Gregory Nelson (Houston)
White Rock Financial Advisors: Jefferies
Sterling Group acquires two paving companies, forms platform
Deal Description: The Sterling Group (Houston) announced May 15 the formation of a pavement investment platform, to the known as the Pavement Preservation Group following its acquisitions of two paving companies — Pavement Preservation Group Inc. (Nashville) and Vance Brothers (Kansas City). According to its website, PPG now includes 13 asphalt and paving companies across nine mid-southern and southwestern states.
Sterling Outside Legal Counsel: Latham & Watkins
Latham Lead Lawyers: Bruce Herzog (Houston) and Robert Brown (Austin)
Texas Lawyers: Adam Hurwitz (Houston), Dean Dixon (Houston)
Elsewhere: Katharine Moir (Bay Area), Jake Meninga (Bay Area), Bradd Williamson (New York), Leah Segall (Chicago), Brittany Curcuru (New York), Susan Parker (Boston), Maggie Guidotti (Boston), Kyle Jefcoat (Washington,D.C.), Blake Page (Washington,D.C.), Laura Waller (Chicago), Shira Bressler (New York), Chika Onyejiukwa (New York)
Argano scores third acquisition in a month with Attentis Consulting
Deal Description: Digital services consultants Argano, based in Plano, announced May 15 that it has acquired Attentis Consulting, a Delaware-based business of Salesforce consultants serving healthcare clients across the U.S. and globally. The acquisition follows closely behind Argano’s recently announced acquisitions of Real Dynamic on May 6 and Netlogistik on May 1. Real Dynamic is a Microsoft applications consultancy and Netlogistik is a supply chain platform developer based in Mexico City. Attentis is based in Dover, Delaware.
Argano In-House Counsel: Elizabeth Frederic, general counsel (Dallas)
Argano Outside Legal Counsel: Kirkland & Ellis
Kirkland Lead Lawyers: Thomas Laughlin (Dallas) and Jordan Rex (Dallas)
Texas Lawyers: Trent Tucker (Dallas), David Wheat (Dallas), Jon B. Nelsen (Austin)
Note: Laughlin and Kirkland have advised Argano in all three strategic transactions
CBRE, ENGIE to partner on storage assets in Texas, California
Deal Description: Houston headquartered ENGIE North America announced May 15 a partnership with funds managed by CBRE Investment Management on a 2.4 gigawatt portfolio of battery storage assets in Texas and California. The transaction, with CBRE — one of the largest managers of commercial real estate in the world — is one of ENGIE’s largest operating portfolio partnerships in the U.S. and one of the sector’s largest sales completed to date. The portfolio consists of 31 projects in operation in Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) territories. Terms of the transactions were undisclosed, but ENGIE will retain a controlling share in the portfolio and will continue to operate and manage the assets.
CBRE Outside Legal Counsel: Kirkland & Ellis
Kirkland Lead Lawyers: Doug Bacon (Houston) and Claire Campbell (Houston)
Others: Kady Reese (Salt Lake City), Roald Nashi (Washington, D.C.), Gregory D. Howling (New York), Linda Zang (New York)
Baton Rouge development sold to Dallas-based TriGate
Deal Description: Dallas-based TriGate Capital has purchased the Perkins Rowe mixed-use development in Baton Rouge, Louisiana. Terms of the agreement were not disclosed. TriGate has partnered with the property’s current managers, Fort Worth-based Trademark Property, to oversee leasing and property management.
TriGate Capital Outside Legal Counsel: Jones Day
Jones Day Lead Lawyers: Conrad Steele (Dallas)
Qualitas-backed Heelstone acquires Valor Infrastructure
Deal Description: On May 5, Heelstone Renewable Energy announced its acquisition of Valor Infrastructure Partners, a renewable energy company based in Palm Beach, Florida. Terms of the transaction were undisclosed, but the deal if the first for Heelstone since its acquisition by the Spanish renewables company Qualitas Energy (Madrid). The portfolio includes early-stage offshore wind projects as well as an advanced 190 MWp solar project in Texas scheduled for completion between 2027 and 2028. Heelstone is headquartered in Durham, North Carolina.
Qualitas Outside Legal Counsel: Norton Rose Fulbright
NRF Lead Lawyer: Becky Diffen (Austin) and Kimberly Franssen (Chicago)
Texas Lawyers: Christine Fernandez Owen (Austin), Todd Schroeder (Dallas), Bob Greenslade (Houston), Alec Mitrovich (Austin), Birdie Adler (Austin)
Elsewhere: Marjorie Glover (New York), Stefan Reisinger (Washington, D.C.) Robert Shapiro (Washington, D.C.), Jenn Guzman (Chicago),
Capital Markets/Credit
DTE issues $1.2B in mortgage bonds
Deal Description: Detroit-headquartered DTE Electric Company public offering of $1.3 billion of general and refunding mortgage bonds, which were issued on May 14, 2025. Fitch Ratings has assigned an A+ rating to the company’s series B, C and D general refunding bonds, based on the favorable regulatory environment in Michigan and the current surge in energy-heavy data center and data storage demand.
Underwriters: BofA Securities, PNC Capital Markets, Scotia Capital, TD Securities, Wells Fargo
Underwriters Outside Legal Counsel: Bracewell
Bracewell Lead Lawyers: Troy Harder (Houston) and Catherine Hood (Houston)
Texas Lawyers: Ian R. Brown (Dallas), Bronwyn T. Tuff (Houston)
Elsewhere: Stephen C. McNamara (New York)
Capital Power announces $1.2B private debt offering
Deal Description: Edmonton-based Capital Power Corporation announced May 13 its private offering of $700 million 5.257 percent senior notes due 2028 and $500 million 6.189 percent senior notes due 2035 by its U.S. subsidiary, Capital Power (US Holdings) Inc. The offering is expected to close on May 28, and the proceeds are expected to be used to fund the company’s previously announced $2.2 billion acquisition of two NG power stations from LS Power Equity Advisors.
Capital Power Outside Legal Counsel: Simpson Thacher & Bartlett
Simpson Lead Lawyers: Brian Rosenzweig (Houston) and Richie Ragusa (Houston)
Texas Lawyers: Lidia Kurganova (Houston), Andrew Scattergood (Houston)
Elsewhere: Jesse Feng (Palo Alto), Sean Largey (New York), George Gerstein (Boston), Ron Ben-Yehuda (Los Angeles), Alex Kokka (Palo Alto), Jonathan Cantor (New York)
Note: Rosenzweig and Simpson also advised Capital Power in the acquisition of the LS power stations.
EMG gains $515 million credit for continuation vehicle
Deal Description: The Energy & Minerals Group May 8 announced a $470 million in credit and financing to facilitate the closing of a $1.1 billion continuation vehicle for EMG investments in midstream infrastructure assets. The Houston based private equity firm specializes in investments involving the extraction and refinement of Rare Earth Minerals. Formation of the continuation vehicle was announced by EMG April 17. In January EMG sold outright its portfolio EMG Medallion 2 Holdings Group to Plains Oryx Permian Basin for an undisclosed sum. EMG Medallion assets included 140 miles of crude oil pipeline and 106,000 barrels of oil in the Delaware Basin. JPMorgan Chase Bank as administrative agent and JPMorgan and MUFG Bank,as joint loan arrangers and book-running managers in connection with the credit facility,which includes a $465 million term loan and a $50 million credit facility.
Outside Counsel for Credit/Underwriters: Simpson Thacher & Bartlett
Simpson Lead Lawyers: Erland Modesto (Houston) and Brandon Barton (Houston)
Texas Lawyers: Casey Braden (Houston), Adam Arikat (Houston)
Elsewhere: Ramz Aziz (New York), Michael Isby (New York), J. Pasco Struhs (New York)
Tamboran Resources issues share for PIPE
Deal Description: Tamboran Resource Corporation announced May 13 that it as has entered into subscription agreements to issue approximately 3.1 million shares of common stock in a Private Investment in Public Equity to institutional investors at a price of $17.74 per share, representing a 15 percent discount to the closing price on May 12. Tamboran expects to receive gross proceeds of approximately $55.4 million, before fee deductions and commissions. Proceeds from the PIPE will fund Tamboran’s completion of the remaining three wells required to deliver first gas under the proposed ~40 MMcf/d (~19 MMcf/d net Tamboran) Shenandoah South Pilot Project. First gas is planned for mid-2026.
Tamboran Outside Legal Counsel: David Miller (Austin) and Michael Chambers (Austin)
Texas Lawyers: Kate Wang (Houston), Cooper Shear (Austin) and Carol Bale (Austin), Tim Fenn (Houston), Jared Grimley (Houston), Molly Elkins (Houston)
TXO announces $175M public offering
Deal Description: Fort Worth-based TXO announced a public offering of 11,666,667 common units at $15 per unit. The offering was expected to close May 15. TXO expects to net approximate $165.3 million from the sale of common units, which it intends to use to fund a portion of its $475 million acquisition of oil and gas assets in North Dakota from White Rock Energy.
Book Running Managers: Raymond James, Stifel, Capital One Securities, Mizuho, Texas Capital Securities
TXO Outside Counsel: Latham & Watkins
Latham Lead Lawyers: Michael Chambers (Houston) and Mollie Duckworth (Austin)
Texas Lawyers: Caitlyn Fiebrich (Houston), Don Izekor (Austin), Samantha McGarvey (Austin), Tim Fenn (Houston), Jim Cole (Houston), Molly Elkins (Houston)
Elsewhere: Josh Marnitz (Los Angeles), Bruce Johnson (Washington, D.C.)
Late Arrivals and other matters …
Clifford Chance last week revealed its Houston representation of Forge Nano, a Colorado manufacturer of cutting-edge batteries and nano coatings, in their $40 million capital raise announced April 29. Forge Nano specializes in Atomic Layer Deposition tools to coat semi-conductor chips and other sensitive materials and devices. Involved in the deal were Alexander Leff (Houston), Alexandra Wilde (Houston), Peter Guinnane (New York), Adebola Akisanya (Houston), Kade Moural (Houston), Om Pandya (Houston) and Jonathan Walker (Houston).
Plastiflex Group N.V., headquartered in Belgium, announced that it had acquired on March 4, Smooth-Bor Plastics, a Laguna Hills, California, manufacturer of medical grade plastic tubing for CPAPs and other respiratory applications. Plastiflex was advised out of San Francisco by A&O Shearman with Jesse Debban leading, but the team included Michael Walgraven (Dallas) and Jake Lortz (Dallas).
On April 2, the Austin-based architecture and design firm Page announced that it was joining Stantec, an environmentally conscious architecture firm in Edmonton. Last week, Chamberlain Hrdlicka revealed that its lawyers were involved in the transaction, led by the firm’s Houston partner Habeeb ‘Hobbs’ Gnaim. The team also included Umair Karowadia (Houston), Marianne Standley (Houston), Pearson Wolk (Houston), David Pierson (Houston), Aly Dossa (Houston), Joshua Sutin (San Antonio), Jack Li (Houston) and Will Cowan (Houston).
Latham advised Glencore on its agreement with Kimmeridge Texas Gas and Commonwealth LNG to purchase 2 million tonnes per annum of LNG for 20 years with Commonwealth and a similar natural gas supply from KTG. The Latham team was led by Chris Peponis (Houston) and Taylor López (Houston) with support from Siyao Liu (Houston) and Andy Yuan (Houston).