CDT Roundup: Tech Titans, Crypto Surges and Old School Deals Meet Bold Moves

The week ending July 18 saw 14 deals for $6 billion dollars. The week prior saw 15 deals for $13 billion and there were 15 deals for $16 billion reported during the same week last year. But consider the actual deals and you begin to sense a difference: a $25 billion data center deal that probably will be but really isn't yet; a flurry of placements aimed at flipping the switch on crypto assets; an IPO for a Japanese AI-driven HR platform whose goal is to be a lawyer.

July 21, 2025 Allen Pusey

Texas-sized Ambition: Huntington Banks on Middle Market with $1.9B Purchase of Prized Veritex

Huntington Bancshares has accelerated its growth as a regional powerhouse with the $1.9 billion all-stock acquisition of Dallas-based Veritex Holdings. This deal significantly boosts Huntington’s footprint in Texas. Legal advisors include Simpson Thacher for Veritex and Wachtell for Huntington.

July 14, 2025 Jeff Schnick

CDT Roundup: AI Gets Amped in Somewhat Quiet Week for Deals

Last week, notable transactions included a $9.8 billion AI platform deal, $1.3 billion in two deals by Mach Resources and the sale of The Dallas Morning News to Hearst. The week ending July 12 saw 15 deals valued at just over $13 billion dollars. The week prior, there were nine deals for $15.8 billion and this time last year there were 20 deals for $17.2 billion.

July 14, 2025 Allen Pusey

CDT Roundup: Energy Sector’s High Stakes, Hurdles and Uncertain Outcomes

Chevron’s $53 billion acquisition of Hess remains in limbo despite FTC approval, which barred the son of Hess’ founder from a Chevron board seat due to antitrust concerns and alleged OPEC collusion. The merger’s fate hinges on an arbitration decision that could be announced soon with ExxonMobil over Hess’ stake in Guyana’s lucrative Stabroek Block. Meanwhile, CITGO, formerly Venezuelan-owned, saw a new winning bid in a Delaware court auction to settle expropriation claims.

July 7, 2025 Allen Pusey

CDT Roundup: Deals Driven by Data, Plus a Deal to Make More Deals

For the week ending June 28, there were a dozen deals valued at nearly $7.8 billion: six in M&A and funding; six in capital markets and credit. But rather than compare that with last week's 16 deals for $6 billion or the 14 deals for $6.3 billion this time last year, let's compare these deals with each other. All in all, it was a curiously complicated week.

June 30, 2025 Allen Pusey

CDT Roundup: A Week of Energy Deals, Suicide Drones, Cybercurrency PIPES and Another $20B

Yes, the streak is still alive: for five weeks in a row transactions have totaled more than $20 billion. The menu of deals reported last week was heavy on power and energy entrees. There was a $19 billion merger of fluid motion control products. A simpler $4 billion upstream deal. A midstream JV buyout. Another JV formed. And a whole new energy E&P funded with some familiar faces. A deal for emergency power grid infrastructure services. And another for a power plant rehab firm. But there were also some interesting side dishes.

June 9, 2025 Allen Pusey

CDT Roundup: Another Week for the $20B Streak, Unusual Deals and a SPAC Twist

The week ending May 31 saw 19 deals reported involving Texas businesses or Texas lawyers. They were valued at $23.4 billion, representing the fourth week in a row reporting transactions valued at a total of $20 billion or more. Last week, we saw 15 deals for $24 billion. And this time last year, there were 12 transactions for $34 billion. And it was a week that was more than usually unusual.

June 2, 2025 Allen Pusey

CDT Roundup: Texas Lawyers Deliver Rare $20B+ Hat Trick

In this edition of CDT Roundup, the week ending May 24 saw 15 deals reported for a total of $24 billion. The week prior saw 16 deals for $21.7 billion. In fact, it's the third week in a row we tallied $20 billion or more for transactions handled by Texas lawyers. And that's the first time that's happened since we started keeping these stats for deals reported to the CDT Roundup. It's also the first time we've seen three consecutive weeks of $10 billion or more since the three weeks the third quarter of 2024.

May 26, 2025 Allen Pusey

CDT Roundup: Power Moves Supercharge the Week

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.

May 19, 2025 Allen Pusey

CDT Roundup: Energy Sector Leads the Charge

The week ending May 10 was, to say the least, brisk. Depending on how you count, there were 21 transactions valued at $21.5 billion or 24 valued at just over $30 billion. Either way, that's pretty fair traffic compared to last week's 11 deals for $4.2 billion. But it seems in keeping with last year's 22 deals for $14 billion at about this time. Maybe deals just wanted to close themselves for Mothers' Day.

May 12, 2025 Allen Pusey