Last year, there were 135 Texas-related deals (one that involves a party headquartered in Texas or advised by Texas-based lawyers) submitted to The Texas Lawbook‘s exclusive Corporate Deal Tracker that reached or broke the $1 billion barrier — some of them by a lot. The deals had an aggregate value of $627.2 billion, slightly below 2023 but much higher than in 2021, the record year of rebounding from the pandemic, against which many firms have measured the market in recent years.
Lawbook Hires Nick Peck to Cover M&A, Restructuring
Earlier this month, The Texas Lawbook hired Nick Peck as its new M&A and restructuring reporter, stepping into the role previously held by veteran deals newshound Claire Poole, who retired in August.
CDT Roundup: 15 Deals, 12 Firms, 186 Lawyers, $5.3B
The biggest deal reported last week was the $2.4 billion sale of “non-core” assets along the Texas-Louisiana Gulf Coast by Dow, the chemical giant. The sale involved a 40 percent stake in Dow InfraCo sold to alternative asset manage Macquarie. The deal is only the latest in a series of “non-core” sell-offs, a phrase that is becoming as common as “consolidation” in the current market. The CDT takes a look at the “non-core” transaction trend and an observer of the Dow deal who less than impressed. And, of course, the usual report on last week’s deals and dealmakers.
CDT Roundup: 16 Deals, 10 Firms, 231 Lawyers, $4.8B
In the year that will soon be past, the sheer volume of energy-related, or energy-adjacent transactions are worth noting. Whether in O&G per se, data center energy demands or the more mundane multitude of PE acquisitions in HVAC manufacturing and service companies, the sides seem okay with the value. So, we weren’t that surprised by the November findings of the semi-annual Haynes Boone Borrowing Base Redeterminations Survey. The CDT Roundup takes a look at the details, along with the usual run-down of the week’s M&A deals and the lawyers behind them.