According to a report by Bain, the consulting firm, healthcare M&A was up by 16% in 2021 by volume but also up by 44% in value. The same can be said in Texas where healthcare deals proved both plentiful and interesting. More on that and the transactions reported last week in this latest CDT Roundup.
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Madison Dearborn Agrees to Dole Out $1.8B in Cash for MoneyGram
Vinson & Elkins advised the Dallas company after its $1.2 billion sale to Hong Kong-based Ant Financial in 2018 was blocked by U.S. regulators (the firm counseled on that deal, too).
NAESB Force Majeure Provisions After Winter Storm Uri: Key Considerations for Legal Departments
Last year saw a flurry of litigation in Texas state and federal courts arising from the February 2021 extreme cold weather event known as Winter Storm Uri and whether it constituted a force majeure event under the terms of natural gas contracts. With the one-year anniversary of Winter Storm Uri upon us, and with many of these cases still winding their way through the courts, prudent players within the natural gas supply chain should conduct a review of their natural gas contracts to prepare for future adverse weather events. There are key considerations legal departments in the natural gas sector must consider when reviewing their company’s NAESB contracts.
Norton Rose Fulbright Beefs Up Corporate Practice in Houston
John Bakht has previously served as general counsel at BJ Services and CARBO Ceramics and spent more than a decade at Baker Hughes.
Deputy GC of Highgate Hotels Joins Locke Lord
Justin Mapes brings a decade of experience handling real estate transactions.
McGuireWoods Picks Up Dallas Deal Lawyer
With the move to McGuireWoods, Katie Hull is making partner.
Fort Worth Fintech Firm Settles Massive Litigation for $33M
Fort Worth technology-based financial lender Elevate Credit has agreed to pay $33 million as part of a proposed settlement agreement related to a web of litigation across the United States, which alleged a decade-long scheme of predatory lending and subsequent corporate transactional legal maneuvering that victimized more than a million low-income people.
The Texas Law Firms that Worked on the Most $1B+ M&A Deals in 2021
The battle among Texas lawyers to do the mega mergers, acquisitions and joint ventures is fierce. The Texas offices of 22 law firms represented parties in 115 M&A deals that were valued at $1 billion or more in 2021, according to The Texas Lawbook’s Corporate Deal Tracker. Seven different law firms had Texas lawyers advise on 10 or more of those billion-dollar corporate transactions.
Dykema Opens Houston Office
The Detroit-based firm added a “critical” piece to its Texas expansion with the opening of its fifth office in the state.
DBJ: Latest SEC Proposal Could Be Game-Changer for Private Funds
The proposal would turn compliance for firms on its head in the name of protecting investors and companies that take private capital.