Energy service and equipment deals are sagging, much like the rest of the sector, with strategic companies the most active acquirers and private equity buyers remaining focused on transactions with diversified exposure across the value chain. Claire Poole explores that plus the continued slide in deal activity by Texas lawyers.
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Texas Capital, Independent Go with Non-Texas Lawyers as Primary Counsel on $5.5B Merger
Texas Capital GC Kelly Rentzel chose Sullivan & Cromwell to lead its side of the transaction, while Independent GC Mark Haynie selected Wachtell Lipton. The Texas Lawbook has the details.
Texas PE Deals are Down and O&G is the Culprit
Private equity investment is down this year in Texas, and oil and gas have been particularly affected, according to exclusive data provided to The Texas Lawbook by Mergermarket. How low? Claire Poole has an analysis.
Texas Private Equity M&A: 2007-19 By Sector
Ouch! – Houston Bar Releases Judicial Evaluations
The Houston Bar Association has released its bi-annual evaluation of state and federal trial and appellate judges. The best rated judge mustered a “B” grade. Dozens of civil court judges got straight “F’s.” U.S. District Chief Judge Lee Rosenthal got the highest score, while Houston District Court judges Ursula Hall and Dedra Davis received the lowest rating.
Jessica Magee: Going Back to TK ‘Made all the Sense in the World’
A former SEC senior enforcement lawyer, Jessica Magee talks with The Texas Lawbook about why she left Beneficient for Thompson & Knight and dishes advice to private equity on corporate governance. Meanwhile, Beneficient names a partner at Willkie Farr as its new chief legal officer.
Thirteen Years of Texas M&A: Three Law Firms, 2,000 Deals, $2 Trillion
Lawyers at Kirkland, Latham and V&E say they see each other across the table in the biggest M&A deals in the Lone Star State. New Mergermarket data shows the dominance of the trio of law firms in Texas dealmaking is far from a new trend. The numbers are staggering. To be sure, other corporate law firms operating in Texas have done their fair share of dealmaking. The Texas Lawbook looks back at more than a dozen years of M&A and the law firms doing the work.
Forest Park Bookkeeper Sentenced to Probation
Andrea Kay Smith, who kept the books for the bribes paid to surgeons at the now defunct Forest Park Medical Center, was sentenced Wednesday in a Dallas federal court. Smith testified about the scheme as part of a plea bargain with federal prosecutors. The Lawbook’s Bruce Tomaso reports.
Beneficient GC, Ex-SEC Associate Director Returns to T&K
As the second highest-ranking lawyer at the SEC’s Fort Worth Regional Office, Jessica Magee led several high-profile and pioneering enforcement actions.
CDT Roundup: 14 Deals, 12 Firms, 129 Lawyers, $2.45B
M&A picked up globally in November, pushing yearly totals close to last year’s, and one forecaster expects more good times ahead. Claire Poole reports on that plus dealmaking among Texas lawyers.