For 51 consecutive quarters, energy was the dominant sector for M&A in Texas. That streak ended during the first three months of 2020, as M&A activity plunged in deal value to levels not witnessed since the Great Recession. Not one of the seven biggest-dollar Texas deals had anything to do with oil and gas, according to Mergermarket. The Texas Lawbook has the details.
CDT Roundup: 16 Deals, 13 Firms, 96 Lawyers, $6.5B
Preliminary data shows that global deal value slid 28% in the first quarter, with private equity firms making up a bigger chunk. Texas dealmakers haven’t been immune, although last week saw flat activity year-over-year with deal closings, restructuring work and private equity reloading to hunt for opportunities.
Did U.S. Sanctions Cause the Russian-Saudi Oil Price War?
Russia took the world by surprise three weeks ago by refusing to limit its oil production in the interest of supporting prices. Saudi Arabia responded by increasing production to record levels, driving down oil prices. This article examines whether the seeds for Russia’s sudden move were planted by the Trump administration’s expansive use of economic sanctions or even Iran’s attack on Saudi oilfields.
Bleak Deal Times Ahead After an Already Down 2019
Exclusive data collected by The Texas Lawbook’s Corporate Deal Tracker shows that transactions handled by lawyers in the state dropped by a quarter on a volume and value basis last year, thanks to the unpopular oil and gas sector. And 2020 is expected to be much worse given the coronavirus, uncertainty in the financial markets and low oil prices.
2019 Capital Markets Transactions
The Texas Lawbook’s Corporate Deal Tracker documents all M&A activity and securities offerings handled by in-house and outside counsel in Texas. Today, The Lawbook publishes a list of the 139 IPOs and equity and debt offerings that Texas lawyers worked on in 2019.
CDT Roundup: 11 Deals, 7 Firms, 33 Lawyers, $11.91B
Two big transactions involving Texas lawyers helped move the value needle last week, despite shaky-looking deals in the rest of the M&A world thanks to the coronavirus.
Corp. Deal Tracker 2019 M&A Master List – 303 Texas Transactions and the Lawyers who Led Them
If a Texas lawyer works on an M&A transaction, The Texas Lawbook’s exclusive Corporate Deal Tracker database documents it. Today, The Lawbook has published our master list of all non-confidential transactions from 2019. The Corporate Deal Tracker lists the lawyers and law firms who represented the buyers and sellers in all 303 transactions.
Corporate Deal Tracker Chart: 2019 M&A
If a Texas lawyer worked on a corporate transaction – even if the deal involves non-Texas clients – The Texas Lawbook documents it as part of its Corporate Deal Tracker. Today, the CDT publishes its master list of non-confidential mergers and acquisitions for 2019. The M&A non-confidential database features 303 transactions and the lawyers who worked on them.