CDT Roundup: 18 Deals, 14 Firms, 130 Lawyers, $4B

Texas dealmakers don't do pessimism. There's no point. Downtimes provoke creativity. Uptimes demand energy. And even during times of lean money markets, Texas seems to maintain an ample supply of both. As we move past a mediocre first half in 2023, the CDT Roundup looks at sources of optimism for what's coming — with the assistance of a new report from Intralinks. And, course, there are the names of the Texas lawyers behind 18 deals reported last week.

July 25, 2023 Claire Poole & Allen Pusey

CDT Roundup: 13 Deals, 9 Firms, 81 Lawyers, $8.3B

U.S. buyout and exit deals are seeing double-digit year-over-year declines, fundraising is shrinking and acquisition finance markets have stiffened in the face of interest rate uncertainty, according to Mergermarket. Against that backdrop comes a survey of 100 PE firm executives who are among those searching for places to place an estimated $1.1 trillion in dry-powder cash. In this week’s CDT Roundup, Claire Poole discusses what they see on the investment horizon after 12-18 months of investor caution, along with the names of lawyers involved in last week’s 13 M&A and funding deals.

July 18, 2023 Claire Poole

CDT Roundup: 16 Deals, 12 Firms, 172 Lawyers, $5.4B

A new report from Refinitiv suggests that bankers are hurting these days. Investment banking fees are down during the first six months of 2023 — off 18 percent from 2022, year-over-year, and the lowest since 2016. Advisory fees from M&A fared even worse. The culprits include U.S. involved M&A, which has been lagging in both volume and value. The Lawbook's Claire Poole looks at the underlying stats, including a few sectors that have thrived, even during the current lag — and, of course, the usual roll call of deals reported by Texas lawyers last week.

July 11, 2023 Claire Poole

CDT Roundup: 16 Deals, 10 Firms, 105 Lawyers, $6.9B

In addition to warmer temperatures, the end of spring brings us the end of Q2/H1, and a good time to check on the mid-year status of dealmaking. This week is our roundup of what the CDT Roundup has been reporting for the past six months. That, and a roster of lawyers involved in the 11 M&A/Funding deals and five CapM transactions reported last week.

July 4, 2023 Claire Poole & Allen Pusey

CDT Roundup: 13 Deals, 16 Firms, 201 Lawyers, $11B

The news last week that publicly traded Civitas Resources was entering the Permian Basin with the purchase of upstream assets for $4.7 billion was interesting beyond its whopping price tag. Both targets were backed by NGP Energy Capital Management, marking another upstream private-to-public consolidation. There are those who think this is a good thing for the industry at the moment, and this week's CDT Roundup explores the reasons. And, as always, The Lawbook's Claire Poole has all the deals reported by Texas lawyers last week.

June 27, 2023 Claire Poole

CDT Roundup: 17 Deals, 15 Firms, 151 Lawyers, $5.9B

Three oil & gas deals moved last week totaling more than $4 billion. They involved Earthstone, Gibson Energy and Patterson-UTI. The apparent strategy behind each deal — not to mention their structure — suggests something different about O&G these days, as well as the current market. The Roundup this week takes a look at each of the deals, as well as the 151 lawyers behind who reported their role in transactions last week.

June 20, 2023 Claire Poole

CDT Roundup: 19 Deals, 13 Firms, 118 Lawyers, $8.5B

Deals are down across the globe, according to Refinitiv. In the U.S. the view is a little more complicated. In Texas, it's a lot more complicated — but in a good way. The CDT Roundup has the numbers for you to consider, along with the usual rundown of last week's deals.

June 13, 2023 Claire Poole

CDT Roundup: 12 Deals, 12 Firms, 138 Lawyers, $6.1B

PureWest was sold last week for $1.84 billion to an unusual consortium of family offices and financial institutions. But you knew that because we wrote about the 67 lawyers at four different firms that worked on it. But PureWest has an interesting history that winds from Wyoming to Appalachia through a couple of bankruptcies and a couple of different names. The CDT Roundup recounts that history, along with a list of the lawyers and firms who reported their deals last week.

June 6, 2023 Claire Poole

CDT Roundup: 17 Deals, 10 Firms, 67 Lawyers, $12.2B

While the CDT Roundup has noted the part played by Texas lawyers at Vinson & Elkins and Kirkland & Ellis on behalf of PE giants KKR and Blackstone, another has raised its hand: Simpson Thacher & Bartlett. This week's Roundup notes the seven deals involving Texas bar card holders at the vaunted New York white shoe firm. As always there's the usual rundown of transactions reported last week, along with the names of the firms and lawyers attached to them.

May 30, 2023 Claire Poole

CDT Roundup: 11 Deals, 8 Firms, 103 Lawyers, $22.5B

At the top of the most active private equity performers during the first quarter of 2023 was Ares Management, according to recent rankings by PitchBook. The CDT Roundup this week looks at the part played by Texas firms in Ares' activity over the last year or so. That, of course, comes with the weekly roster of firms and lawyers who are reporting deals in what is a less-than-shiny market.

May 23, 2023 Claire Poole