• Subscribe
  • Log In
  • Sign up for email updates
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

The Texas Lawbook

Free Speech, Due Process and Trial by Jury

  • Appellate
  • Bankruptcy
  • Commercial Litigation
  • Corp. Deal Tracker/M&A
  • GCs/Corp. Legal Depts.
  • Firm Management
  • White-Collar/Regulatory
  • Pro Bono/Public Service/D&I

CDT Roundup: 21 Deals, 11 Firms, 139 Lawyers, $6.3B

July 28, 2021 Anna Butler

Which law firm made the most sweeping of strides in the first half of this year versus last year?

If you guessed a certain Chicago-based outfit, you would be wrong. The 120-year-old New York firm White & Case raked in 22 deals so far this year with Texas ties and claimed the No. 4 spot for overall count, according to Mergermarket data provided exclusively to The Texas Lawbook. 

The firm, which launched in Houston in February of 2018, landed in the No. 38 spot during 2020.

It’s a jump that aligns with the concerted push that White & Case has made into Houston. 

After three and half years in the Bayou City, the firm expects to have 70 attorneys in its office by the fall, according to Jay Cuclis, office executive partner in Houston. The firm’s emphasis is on collecting talent specializing in capital markets and ESG and the energy transition and furthering its push into M&A, projects, finance, arbitration and tax, among others. 

The firm is also in the process of transferring partners from other offices to Houston with capabilities in financial restructuring and insolvency and litigation as it targets office expansion.

Between 2019 and 2020, Cuclis said revenues grew by more than 30% – and the firm expects “even stronger results” in 2021. That forecast is centered around five key areas: M&A tied to inbound investments; M&A tied to outbound investments; energy projects, especially tied to liquified natural gas; renewable projects and those tied to carbon capture and sequestration projects; and a huge increase of work in the U.S. 

It’s a push simplified by White & Case’s reach with offices in 31 countries and a special emphasis on practice areas such as M&A, financial restructuring and insolvency, arbitration and work tied to special purpose acquisition companies, which Cuclis points to as differentiators in the market.

“The combination of having that extensive global platform plus those market-leading practice areas is the key reason for our success in the Houston market,” Cuclis said.

In this week’s Corporate Deal Tracker roundup, de-SPAC mergers made a head-turning foray with nine total transactions in the space. That’s not to glaze over yet another initial public offering from a SPAC involving Texas lawyers from two firms. White & Case also made an appearance in a few.

Last week saw 15 M&A or funding deals that totaled more than $3.7 billion and six capital markets transactions adding up to more than $2.6 billion. One hundred thirty-nine Texas lawyers from 11 firms counseled on the transactions.

Weekly Corporate Deal Tracker Roundup Stats

A compilation of weekly stats from The Lawbook's CDT Weekly Roundup
(Deal Values in Millions)

Week Ending
Deal CountAmountFirmsLawyersM&A CountM&A Value $MCapM Count
CapM Value $M
03-May-202511$4,249139011$2,226.52$2,022.5
26-Apr-202512$8,78791689$6,0113$2,776
19-Apr-202511$8,09771389$7,9852$112
12-Apr-202513$2,392815210$2,0653$327
05-Apr-202519$27,7621518816$25,4733$2,289
29-Mar-202521$8,1881025816$4,1255$4,064
22-Mar-202519$6,4851423115$4,1284$2,857
15-Mar-202513$13,7371315110$9,9324$3,805
8-Mar-20257$2,2345665$2242$2,100
1-Mar-202511$3,05087510$2,5501$500
24-Feb-2512$16,39771496$6,6356$9,862
17-Feb-2517$12,1361313410$9,4112$2,725
10-Feb-2514$7,15491799$4,9505$2,204
3-Feb-2516 $10,068720011$7,5535$2,515
25-Jan-2514$10,261101259$2,2075$8,054
18-Jan-2519$7,3821531612$2,3007$5,082
11-Jan-2521$33,5601618716$32,5215$1,039
4-Jan-259$6,8279809$6,82700
21-Dec-2411$2,79811928$2,2293$570
14-Dec-2415$5,3231218612$3,8123$1,511
07-Dec-2416$4,7661023111$2,32152,445
30-Nov-2410$10,29191034$8,2906$2.001
23-Nov-2415$4,5531515311$3,3794$1,174
16-Nov-2417$11,4881124513$10,1864$1,303
09-Nov-2414$2,1101213912$1,4102$700
02-Nov-2412 $52,788 1110711$52,7381$50
26-Oct-248$3,1608657$3,0651$75
19-Oct-2412$5,3041113611$4,5541$750
12-Oct-2417$8,4381215015$8,1162$322
05-Oct-2422$23,1811218915$19,9807$3,201
28-Sep-2411$2,35671447$534$2,303
21-Sep-2412$9,568101695$4,1017$5,467
14-Sep-2424$10,9881223516$7,1758$3,813
7-Sep-2412$20,4201616811$20,3071$112.9
31-Aug-2413$20,631913412$14,7751$5,856
24-Aug-2419$8,4522132516$7,1023$1,350
17-Aug-2425$49,1961630411$39,38614$9,810
10-Aug-2420$12,2641531216$9,7944$2,470
03-Aug-2426$16,4981633418$8,1378$8,361
27-Jul-2419$16,4422127115$13,8384$2,604
20-Jul-2415$16,0161418410$14,2325$1,784
13-Jul-2420$17,220 1426518$7,146 2$10,074
6-Jul-2411$3,941 11958$2,650 3$1,291
29-Jun-2414$6,296 152248$6,296 6$1,927
22-Jun-2412$5,679 81375$210 7$5,469
15-Jun-2413$9,895 1621410$5,280 3$4,615
8-Jun-2419$23,859 1323912$19,436 7$4,423
1-Jun-2412$34,510 111479$26,110 3$8,400
25-May-2413$9,684 1517110$4,434 3$5,250
18-May-2411$5,490 111738$3,129 3$2,361
11-May-2422$14,855 1422716$11,105 6$3,750
4-May-2413$3,139 98710$1,297 3$1,842
27-Apr-2410$6,684 62810$6,684 00
20-Apr-2419$15,989 111479$5,208 10$10,781
13-Apr-2413$8,952 97610$1,652 3$7,300
6-Apr-2423$26,616 1422214$13,501 8$13,116
30-Mar-2412$9,286 81368$4,299 4$4,987
23-Mar-2418$5,451 1726616$4,759 2$692
16-Mar-2421$11,437 1318614$9,316 6$2,070
9-Mar-2423$4,695 2121819$2,723 4$1,972
2-Mar-2420$9,108 1937214$4,558 6$4,550
24-Feb-2419$16,382 1224815$9,507 4$6,875
17-Feb-2416$29,932 1515712$29,216 4$716
10-Feb-2425$10,750 1719619$5,372 6$5,379
3-Feb-2412$8,416 181259$3,416 3$5,000
27-Jan-249$8,165 9878$7,815 1$800
20-Jan-2414$4,084 1210912$3,219 2$865
13-Jan-2417$33,588 1225612$26,765 5$6,823
6-Jan-248$7,915 8846$7,265 2$650
30-Dec-2317$14,599 129915$2,714 2$11,885
23-Dec-2323$4,182 1321916$1,813 7$2,370
16-Dec-2313$16,436 132807$15,150 5$1,286
9-Dec-2326$14,633.90 1724416$8,095 10$6,538.90
2-Dec-2313$6,720 95712$6,630 1$90
25-Nov-239$4,835 91316$1,785 3$3,050
18-Nov-2322$6,568.70 1718414$4,709.20 8$1,859.50
11-Nov-2315$9,825 1317912$6,581 3$3,244
4-Nov-2315$20,582.50 1419312$19,417.50 3$1,165
28-Oct-2318$68,419.10 1815215$66,646 3$1,773.10
21-Oct-2316$6,755.90 1616515$6,755.90 1$3
14-Oct-2314$67,851.20 131259$61,998.50 5$5,852.70
7-Oct-2317$6,595.50 1322816$5,995.50 1$600
30-Sep-2317$1,896.45 1318914$806.45 3$1,090
23-Sep-2323$6,432.70 1723016$1,402.80 7$5,029.90
16-Sep-2325$23,226.70 2335316$17,239 9$5,987.70
9-Sep-2312$6,369 81027$4,311 5$2,058
2-Sep-2314$2,522 69213$1,322 1$1,200
26-Aug-2317$12,160.25 1320215$6,573.25 2$5,587.00
19-Aug-2319$11,505 1321315$11,255 4$250
12-Aug-2319$9,698.80 131847$3,270 12$6,428.80
5-Aug-2313$5,201 1211812$5,051 1$150
29-Jul-2315$21,031.60 1319611$18,292.00 4$2,739.60
22-Jul-2318$3,992 1213013$2,808 5$1,184
15-Jul-2313$8,254.95 138113$8,254.95 00
8-Jul-2316$5,441.45 1217211$2,443 5$2,998.45
1-Jul-2316$6,872 1010512$5,474 4$1,398
24-Jun-2313$10,914 1620110$7,874 3$3,040
17-Jun-2317$5,880.70 1515115$4,705.70 2$1,175
10-Jun-2319$8,516.10 1311116$6,252.40 3$2,263.70
June 3 202312$6,104.42 121388$4,256.92 4$1,847.50
27-May-2317$12,200 106711$6,165 6$6,035
20-May-2311$22,458.10 81034$19,455 7$3,003
13-May-2312$7,034 101018$5,460 4$1,574
6-May-2320$3,297.60 1819617$2,985.60 3$312
29-Apr-2323$3,691.20 1813517$1,969.70 6$1,721.50
22-Apr-2316$5,570 1410414$4,750 2$1,000
15-Apr-2312$23,818.10 95910$21,618.10 2$2,200
8-Apr-2316$7,949 91739$5,472 7$3,477
1-Apr-2321$18,676.70 1217511$10,926.70 10$7,750
25-Mar-2315$8,779.50 101415$2,362 10$6,416.50
18-Mar-237$14,048.80 6695$13,345 2$703.80
11-Mar-2321$11,576 1616516$8,131 5$3,445
4-Mar-2320$9,668 1122816$8,209 4$1,459
25-Feb-2313$5,335 1313012$4,235 1$1,200
18-Feb-2314$5,743.70 131588$898.70 6$4,845
11-Feb-2316$12,088 1213712$9,965 4$2,123
4-Feb-2317$8,066 1514013$5,614 4$2,452
28-Jan-237$2,180 7755$1,692.75 2$488
21-Jan-2317$5,768 1617412$1,918 5$3,850
14-Jan-2311$2, 800101028$421 3$2,400
7-Jan-2318$8,296 1116714$6,461 3$1,835
31-Dec-2214$2,732 119912$2,092 2$640
17-Dec14$7,919 1311512$7,419 1$500
10-Dec-2214$10,093 128811$7,093 3$3,000
3-Dec-2226$12,800.90 1117220$4,141 6$8,659.90
26-Nov-228$2,266.70 853$76 5$2,190.70
19-Nov-2221$2,886 1521219$2,550 2$336
12-Nov-2213$15,093.70 9819$14,200 4$893.70
5-Nov-222519,337.201650922$8,267.20 3$11,070
29-Oct-2215$7,805.30 911614$7,180.30 1$625
22-Oct-2220$8,193.50 1325313$5,442 7$2,751.50
15-Oct-229$3,046.10 91397$2,588.30 2$457.80
8-Oct-2219$2,011.80 1211416$833.80 3$1,178
1-Oct-2223$5,532.90 1615618$4,952.30 5$580.60
24-Sep-2218$5,194 1421615$4,050 3$1,144
17-Sep-2221$8,352.30 1232015$4,759.60 6$3,592.70
10-Sep-2215$19,853.50 1012613$19,403.60 2$450
3-Sep-229$2,312 9629$2,312 00
27-Aug-2216$30,891.70 1013515$30,666.40 1227.7
20-Aug-2212$1,977 815299253$1,052
13-Aug-2218$8,004.70 1124211$2,844.70 7$5,160
6-Aug-2224$7,948.90 1224017$3,577 7$4,371.90
30-Jul-228$6,941 9787$6,839 1$102
23-Jul-2211$801 119210$801 10
16-Jul-2214$3,650 1012214$3,650 00
9-Jul-2210$3,557.70 7689$3,557.70 10
2-Jul-2218$8,609.40 1315215$2,754.40 3$5,855
25-Jun-2215$6,142 131469$2,017 6$4,125
18-Jun-2217$11,890.10 1422815$11,410 2479.7
11-Jun-2217$7,600 1212310$2,300 7$5,300
4-Jun-2212$2,937 101279$692 3$2,245
28-May-229$3,197.60 11869$3,197.60 00
21-May-2214$7,284.50 1218511$6,609 3$675.50
14-May-2211$306.60 98010$306.60 1$225
7-May-2216$10,451.75 1210812$1,827 4$8,624.75
30-Apr-2216$2,296.50 1615712$895.50 4$1,401
23-Apr-2210$2,241 11588$1,641 2$600
16-Apr-2211$6,643 71568$2,359 3$4,284
9-Apr-2217$4,429 1418411$1,690 6$2,739
2-Apr-2213$1,755 88410$1,145 3$610
26-Mar-2211$3,205 8656$200 5$3,005
19-Mar-2213$2,239.17 910613$2,239.17 00
12-Mar-2218$12,016 1123915$11,965 2$51.35
5-Mar-2217$6,786 1313713$5,161 4$1,625
26-Feb-2212$5,095 81499$4,437.50 3$658
19-Feb-2217$22,229 1717414$21,354 3$875
12-Feb-2212$2,344.70 10738$641.70 4$1,703
5-Feb-2211$2,503 89911$2,503 00
29-Jan-2211$3,872 1210112$3,872 00
22-Jan-2213$5,143.50 109912$4,842.50 1$301
15-Jan-2212$7,605 91559$6,480 3$1,025
8-Jan-2213$8,256.20 1110213$8,256.20 00
1-Jan-229$1,273.80 6509$1,273.80 00
25-Dec-2121$4,734.75 1117616$3,410 5$1,324.75
18-Dec-2126$7,325.20 1519318$3,640.20 8$3,685.20
11-Dec-2116$5,017 1010913$1,417 3$3,600
4-Dec-2114$2,310 8868$2,310 6$1,882.05
27-Nov-219$3.460.1101016$1,758 3$1,702.60
20-Nov-2120$22,792 1515712$18,864.50 8$3,928
13-Nov-2121$26,729 1217813$11,822 8$14,907
6-Nov-2112$8,303 1315710$6,682 3$1,621
30-Oct-2121$10,368 1521815$9,24.46$1,103.00
23-Oct-2121$18.783.11522211$12,314 10$6,468.60
16-Oct-2115$3,868 1111815$2,293 2$1,575
9-Oct-2120$8,610 1617516$7,795 4$815
2-Oct-2114$6,250 1113710$5,200 4$1,050
25-Sep-2111$11,460 9937$10,200 4$1,250
18-Sep-2111$16,603 8998$15,084 3$1,519
11-Sep-2117$10,653 1110313$8,503 4$2,150
4-Sep-2113$7,222 108911$6,715 2$507
28-Aug-2112$763 96311$663 1$100
21-Aug-2112$29,659 77911$29,579 1$80
14-Aug-2122$17,845 1119912$12,805 10$5,04
7-Aug-2117$13,670 1213915$11,766 2$1,904
31-Jul-2121$8,160 1113410$3,574 10$4,586
July 24,202121$6,367 1113915$3,712 6$2,655
17-Jul-2114$4,009 1112412$2,015 2$1,994
10-Jul-2116$3,997 1314311$1,597 4$2,4
3-Jul-2124$7,492 139416$3,769 8$3,722
26-Jun-2110$4,995 7858$3,847 2$1,148
19-Jun-2128$16,830 82289$1,861 19$14,968
12-Jun-2126$27,238 1520919$25,602 7$1,636
5-Jun-2115$15,539 1310013$14,709 2$600
29-May-2135$20,279 1114528$18,647$1,639
22-May-2124$53,208 1417417$51,047 7$2,161
15-May-2118$10,620 1322011$5,870 7$4,809
8-May-2117$10,400 1115615$8,386 2$2,500
1-May-2121$7,200 1611512$3,808 9$3,392
24-Apr-218$20,200 9318$20,200 00
17-Apr-2114$6,270 810211$40,180 3$2,260
10-Apr-2115$8,940 1312914$7,990 1$950
3-Apr-2118$19,513 1015112$16,923 6$2,590
27-Mar-2127$13,942 1524414$4,300 13$9,633.50
20-Mar-2111$2,046 41023$270 8$1,776
13-Mar-2115$3,270 91096$538 9$2,732
6-Mar-2124$13,617 1019613$10,395 11$3,222
27-Feb-2119$8,105 1213915$4,970 4$3,135
20-Feb-219$8,820 91538$8,520 1$300
13-Feb-2112$4,852.60 78172,7665$2,086.60
6-Feb-2118$9,752 1315314$5,222 4$4,530
30-Jan-2118$9,449 918215$8,753.80 3$695.30
23-Jan-2114$8,150 81186$4,000 8$4,150
16-Jan-2117$6,783 1313811$2,400 6$4,382.90
9-Jan-2122$6,829 1413518$3,139.30 4$3,690
2-Jan-217$1,466 7607$1,466 00
26-Dec-2018$15,900 1216316$5,300 1$600
19-Dec-2018$9,769 1411014$8,426 4$1,343
12-Dec-2010$7,200 91009$3,325 1$3,830
5-Dec-2015$4,261 91229$2,780 6$1,481
28-Nov-2019$7,758 1011013$4,003 6$3,755
14-Nov-2014$864.10 1415712$289.10 2$575
7-Nov-2013$6,332 91299$2,483.50 4$3,849
31-Oct-2010$3,995.80 81036$3,231.10 4$754.70
24-Oct-206$18,100 6585$17,709 1$350
17-Oct-208$351.90 5558$351.90 00
10-Oct-207$5,229 3504$735 3$4,494
3-Oct-2014$21,428 91739$17,535 5$3,893
26-Sep-2010$12,770 8935$10,300 5$2,470
19-Sep-2014$8,365 91016$1,020 8$7,345
12-Sep-206$4,406 8593$1,270 3$3,136
5-Sep-2011$5,191 81179$4,061 2$1,130
29-Aug-2011$2,531 9945$1,130 6$1,401
22-Aug-2018$6,574 121407$1,930 11$4,644
15-Aug-2013$4,991 10977$1,216 6$3,775
8-Aug-2012$32,092 111129$30,457 3$1,635
1-Aug-207$5,287 8765$3,687 2$1,600
25-Jul-209$18,751 6677$18,403 2$348
18-Jul-206$1,982.50 5504$1,407.50 2$575
11-Jul-2011$565.10 127510$65.10 1$500
4-Jul-2010$8,889 8989$8,788 1$100.30
27-Jun-208$6,874 10505$4,972.50 3$2,081.50
20-Jun-2012$4,444 91157$2,829 5$1,615
13-Jun-206$3,582 4372$350 4$3,232
6-Jun-2011$3,213.70 8657$470 4$2,743.70
30-May-208$7,335 7486$4,639 2$2,697
23-May-204$432.40 4343$432.40 10
16-May-206$310 6345$310 10
9-May-2018$5,630 1612414$3,180 4$2,450
2-May-201510,40010908$1,900 7$,8,500
25-Apr-208$3,400 9365$1,000 3$2,450
18-Apr-2019$9,500 14928$185.70 11$9,360
11-Apr-2012$6,000 9405$190 7$5,800
4-Apr-2014$8,200 116810$2,200 4$6,000
28-Mar-2016$6,500 139610$3,700 6$2,800
21-Mar-2011$11,910 7337$2,250 4$9,960
14-Mar-207809.86346684.81125
7-Mar-2016$2,500 157013$669 3$1,400
29-Feb-2013$15,260 1312811$11,760 2$3,500
22-Feb-2012$3,700 109210$2,560 2$1,130
15-Feb-2016$1,250 108412$35 4$1,222
8-Feb-2018$6,080 1412314$2,595 4$3,485
1-Feb-2021$20,900 1210114$17,860 7$3,060
25-Jan-2013$7,430 136212$6,430 1$1,000
18-Jan-2023$9,580 1512019$6,580 4$3,000
11-Jan-2021$14,200 1819916$1,020 5$13,200
4-Jan-2022$6,400 1111916$3,204 6$3,245
28-Dec-1922$7,150 1917518$6,800 4$327.40
14-Dec-1924$36,300 2316719$9,500 5$26,800
7-Dec-1911$10,400 11557$1,082 4$9,370
November 30. 201914$2,450 1212612$1,760 2$692.50
23-Nov-1916$1,995 104111$615 5$1,380
16-Nov-1915$3,820 1313511$2,500 4$1,271
9-Nov-1925$12,900 1718223$12,200 2$575
2-Nov-1910$2,470 126192,4503$22
26-Oct-1912$5,560 147011$3,860 1$1,700
19-Oct-198$6,600 81388$6,600 00
12-Oct-1919$4,300 145516$3,800 3$500
5-Oct-1918$14,500 1916615$11,100 3$3,400
28-Sep-1919$8,100 1813218$7,560 1$550
21-Sep-1914$6,300 166611$2,160 3$4,170
14-Sep-1915$23,800 125611$21,250 4$2,570
7-Sep-1917$3,500 159814$1,900 3$1,600
31-Aug-195$8,700 6505$8,700 00
24-Aug-1916$10,000 148215$4,250 1$5,750
16-Aug-1910$1,680 5527$650 3$950
9-Aug-1917$17,700 156814$3,900 3$13,800
2-Aug-1913$5,760 1210813$5,760 NANA
27-Jul-1911$7,300 13768$6,570 3$730
20-Jul-1913$11,800 1312511$5,300 2$6,500
13-Jul-1910$775 7468$542.50 2$233
6-Jul-197$2,500 9857$2,500 00
29-Jun-1923$8,290 1515417$2,300 6$5,970
22-Jun-1917$10,700 1013914$7,700 3$3,000
15-Jun-1911$13,500 1416011$13,500 NANA
8-Jun-1913$2,870 175511$1,570 2$1,300
1-Jun-1910$4,460 11608$4,140 2$315
25-May-1917$4,360 147914$3,700 3$612
18-May-1922$9,000 1715016$3,400 6$5,600
11-May-1918$19,800 1717715$18,300 3$1,500
4-May-1910$7,075 6328$6,900 2$175
27-Apr-1915$3,200 1411714$3,160 1$40
20-Apr-1913$13,500 10909$12,200 4$1,300
13-Apr-1916$38,900 149114$37,800 2$1,100
6-Apr-1912$6,870 119410$6,730 2$50
30-Mar-1915$6,470 128410$7,91.55$5,677
23-Mar-1918$6,450 149114$5,042 4$1,408
16-Mar-1914$10,180 1211511$8,800 3$1,300
9-Mar-199$1,800 6498$1,300 1$500
2-Mar-1920$3,033 1610714$1,817 6$1,262
23-Feb-1912$2,040 8699$614.60 3$1,430
16-Feb-1916$9,970 187716$9,970 00
9-Feb-1914$6,400 1011014$6,400 00
2-Feb-1918$6,740 159916$5,720 2$950
26-Jan-1913$2,770 116711$918.95 2$1,850
19-Jan-1915$3,819 167612$2,594 3$1,225
12-Jan-1918$7,283 149215$1,683 3$5,600
5-Jan-1910$529 125010$529 00
22-Dec-1817$2,570 138714$941 3$1,629
15-Dec-1810$2,860 8268$264 2$2,600
8-Dec-1815$1,819 166512$552 3$1,267
1-Dec-1812$7,500 10909$1,200 3$6,200
28-Nov-1815$4,500 1110714$4,000 1$500
19-Nov-1818$6,137 139813$2,142 5$3,995
14-Nov-1818$9,200 1315215$8,500 3$694
6-Nov-1816$17,300 1618314$16,361 2$950
29-Oct-1814$14,400 1812717$13,800 1$600
24-Oct-1813$6,140 1312611$5,122 2$1,018
17-Oct-1818$18,390 1512514$12,292 4$6,098
10-Oct-1829$3,149 1810420$1,647 9$819
2-Oct-1818$9,300 116714$7,300 4$2,000
25-Sep-1813$7,000 117510$6,000 3$995
18-Sep-189$3,570 7449$3,570 00
11-Sep-1813$5,900 1013213$5,900 00
7-Sep-1814$5,000 158611$4,000 3$1,000
29-Aug-1815$20,700 147913$4,700 2$16,000
20-Aug-1810$12,400 11538$11,380 3$1,057
14-Aug-1812$19,900 121329$18,889 3$1,011
7-Aug-1816$68,600 1110613$67,259 3$1,340
31-Jul-1815$15,100 159511$13,060 4$2,060
23-Jul-1813$2,130 156010$1,804 3$1,100
17-Jul-1814$5,370 17989$4,310 5$1,100
9-Jul-1816$11,200 157410$11,080 6$862
3-Jul-1813$7,000 78112$6,330 1$750
25-Jun-1815$8,800 13979$4,970 6$3,930
18-Jun-1813$14,200 14807$221 6$14,290
11-Jun-1812$6,300 8968$5,910 4$803
6-Jun-1813$14,500 10888$14,154 5$579
31-May-1811$4,890 10638$3,240 3$1,790
22-May-1815$20,400 11639$19,808 6$885
15-May-1815$4,700 1510610$3,900 5$643
9-May-1811$1,400 13889$1,300 2$560
1-May-188$14,250 7887$13,400 1$450
24-Apr-1812$5,300 66111$4,470 1$800
17-Apr-189$1,800 10447$2,330 2$1,434
11-Apr-1811$2,500 8326$1,690 5$809
3-Apr-1815$13,400 111219$12,020 6$1,090
28-Mar-1810$4,000 10927$3,870 3$215
19-Mar-1817$5,800 135110$590 7$5,165
12-Mar-1815$3,130 114311$2,360 4$788
6-Mar-1819$5,400 1311610$1,530 9$4,860
27-Feb-1820$6,600 136914$5,530 6$1,030
19-Feb-1815$5,500 1411110$3,990 6$1,980
12-Feb-1823$10,900 1715712$7,110 11$3,840
5-Feb-1816$8,600 131007$1,330 9$7,800
30-Jan-1811$12,600 11685$7,300 6$4,982
24-Jan-1819$9,400 151295$2,010 14$7,337
18-Jan-1810$6,280 8492$2,100 8$4,188
9-Jan-1812$16,500 12929$15,890 3$475
3-Jan-1810$2,500 9478$2,350 2$150
27-Dec-1715$9,000 151139$7,568 6$1,784
18-Dec-1715$13,800 161649$13,010 7$1,118
11-Dec-1714$9,700 1012612$2,940 4$8,500
4-Dec-176$1,800 6315$1,510 1$300
28-Nov-177$3,850 8764$3,260 3$285
16-Nov-1710$2,700 10486$1,840 4$856
8-Nov-1715$2,380 179110$1,860 5$516
1-Nov-1712$4,700 17949$3,400 4$1,300
23-Oct-1715$10,500 106710$9,780 4$1,530
18-Oct-176$2,000 373$225 3$1,820
10-Oct-1712$6,570 1009$3,880 3$3,360
2-Oct-178$3,100 11193$1,630 5$1,750
25-Sep-178$4,880 8795$2,660 5$2,070
18-Sep-179$4,770 3$300 6$4,470
12-Sep-1711$4,430 8$2,030 3$2,400
1-Sep-174$1,310 3$317 1$1,000
23-Aug-1711$13,640 98$11,840 3$1,800

Week over week, deal value and count climbed from 12 deals at just over $2 billion with participation from 113 Texas lawyers from 11 firms. During the same week last year, 50 Texas lawyers from five firms worked on six deals adding up to more than $1.9 billion.

Note: Texas Lawbook corporate transactions editor Claire Poole contributed to this article.

M&A/FUNDING

Life Science-Focused SPAC IDs Target

CM Life Sciences, a special purpose acquisition company led by institutional investors Casdin Capital and Corvex Management, identified a target in its search for a life science innovator. 

Sema4, a platform aimed at enhancing the diagnosis, treatment and prevention of disease through artificial intelligence and data insights, is set to become a publicly traded company on the Nasdaq once it combines with CM Life Sciences.  

CM Life Sciences currently holds $443 million in its trust account. Additional institutional investors, including Fidelity Management & Research Co. and Counterpoint Global, have committed $350 million in private investment in public equity funding. 

CM Life Science selected White & Case as legal advisor and Jefferies as sole financial advisor, lead capital markets advisor and sole placement agent. Cowen also acted as capital markets advisor.  

New York partners Matthew Kautz, Joel Rubinstein, Colin Diamond and Steven Gee led the White & Case team with Texas-based assistance from Houston associate Ted Seeger.

Goldman Sachs & Co. and JP Morgan Securities represented Sema4 in financial matters while Fenwick & West – led by corporate partners Ethan Skerry of New York, Robert Freedman of San Francisco and David Michaels of Mountain View – provided legal counsel. 

REE Automotive, 10X SPAC Combination Closes

10X Capital Venture Acquisition Corp. and REE Automotive have merged with the combined company, called REE Automotive Ltd., began trading on the Nasdaq on Friday.

Plans for the de-SPAC merger were first announced in February with about $500 million in gross cash proceeds, including a fully committed PIPE of $300 million from investors such as Koch Strategic Platforms and Magna International. 

10X, backed by 10X Capital and seeking high-growth tech targets, identified Israel-based REE’s development of packing vehicle drive components tied to steering, braking, suspension, powertrain and control into the arch of the wheel as a key innovation that could move forward electric vehicle mobility.  

10X SPAC selected Morgan, Lewis & Bockius and Gornitzky & Co. as legal advisors while Wells Fargo Securities provided financial counsel and JVB Financial provided capital markets advice.

The Morgan Lewis team was led by Orange County partners Todd Hentges and Timothy Rupp and New York counsel Jeffrey Letalien.

White & Case, Zemah Schneider & Partners and Goldfarb Seligman & Co. acted as legal advisors to REE while Cowen served as financial advisor. 

The White & Case team was led by partners Colin Diamond of New York and Tali Sealman of Silicon Valley with Texas-based assistance from Houston associate Amr Jayousi.

Morgan Stanley & Co. served as lead placement agent on the PIPE offering with Cowen also acting as placement agent.

Latham & Watkins represented the placement agents in legal matters with Houston partner Ryan Maierson taking the lead along with Houston associates Paul Robe and Ricky Alvarado.

Snacking Company With Texas Ties Hits Nasdaq

A healthy snacking product with roots in Plano has hit the public markets by way of a SPAC merger.

Stryve Foods closed its combination with Andina Acquisition Corp. III last week with the blank check company acquiring Stryve through an Up-C structure. 

According to a Stryve investor presentation, the transaction raised $42.5 million in PIPE funding in addition to a $10.6 million unsecured bridge note that converted into equity upon close of the transaction. Andina brought $14 million of cash in-trust to the transaction as well.

Foley & Lardner represented Stryve in legal matters with a team led by Dallas partners Chris Converse and Chris Babcock. Additional Texas-based counsel came from Dallas partner Michael Donohue and Dallas associate Rachael Mozelewski. 

Andina tapped Ellenoff Grossman & Schole as legal counsel, Cowen as financial advisor and Cowen and Craig-Hallum Capital Group as co-capital markets advisors. 

Craig-Hallum also served as sole placement agent for the PIPE funding and bridge investment.

Fast Radius-ECP Environmental Growth De-SPAC

Sporting $345 million in cash in-trust and joined by $100 million in PIPE funding, ECP Environmental Growth Opportunities Corp. selected cloud manufacturing platform maker Fast Radius as its target. 

PIPE investors included UPS, Palantir and accounts managed by Goldman Sachs Asset Management as the merged company plans to grow Fast Radius’ capabilities in the supply chain and digital infrastructure spaces, among others.

Latham & Watkins represented ENNV on the transaction with a corporate deal team led by New York partners David Kurzweil and David Owen and Houston partner Ryan Maierson in addition to Houston associate Bryan Ryan.

On financial and capital markets matters, Barclays Capital Inc. and Morgan Stanley & Co. advised ENNV, which was formed by Energy Capital Partners Management.

Fast Radius selected Credit Suisse Securities (USA) and Citigroup Global Capital Markets as co-financial and co-capital markets advisors while DLA Piper acted as legal counsel.

Credit Suisse Securities and Barclays also served as co-placement agents on the PIPE.

Capstar SPAC Teams up With Gelesis

Biotherapeutics company Gelesis Inc. will merge with Capstar Special Purpose Acquisition Corp., the companies announced on July 19.

Austin-based Gelesis’ flagship product, Plenity, focuses on weight management through the use of hydrogels. The product’s commercial launch is slated for later this year and proceeds from the transaction are earmarked for associate manufacturing and other growth- and launch-related needs. 

The transaction, which is expected to close in the fourth quarter, will provide up to $376 million in gross proceeds, including $100 million in PIPE funding. Pending certain conditions, the combination could receive $10 million more in PIPE funding based on the closing of a $100 million senior secured credit facility.

Gelesis selected Citigroup Global Markets Inc. as exclusive financial advisor and Goodwin Procter as legal counsel.

Kramer Levin Naftalis & Frankel represented Capstar in legal matters while UBS Investment Bank advised on financial and capital markets matters. BTIG also served as capital markets advisor to Capstar.

Winston & Strawn acted as legal advisor to the PIPE placement agents – UBS Investment Bank and Citi – with a team led by Houston partner Michael Blankenship with assistance from Houston associates John Niedzwiecki and Ben Smolij.

EnCap Commits to Third Grenadier Fund

Houston-based EnCap Investments has closed a $350 million equity commitment in Grenadier Energy III as it looks to further back the company’s push in acquiring and developing upstream assets paired with an emphasis on capturing new opportunities tied to the energy transition. 

Vinson & Elkins advised EnCap on legal matters in the transaction while Akin Gump Strauss Hauer & Feld represented Grenadier, which is based in The Woodlands.

The V&E corporate team was led by Houston partner Matt Strock and Houston associate Houston Morgan led the V&E team with additional assistance from Houston partner John Lynch; Houston and Dallas partner David D’Alessandro; Houston senior associate Kristy Fields; and Houston associates Dan Henderson, Sarah Coe and Mary Daniel Morgan.

Dallas and Fort Worth partner Wesley Williams led the Akin Gump team along with Dallas counsel Sarah Withers.

This is not the first equity commitment Grenadier has received from EnCap. The firm previously invested in Grenadier Energy II, the assets of which were picked up by Surge Partners for $420 million earlier this year, and Grenadier Energy, which sold its Appalachian Basin assets to Statoil in 2012. 

Kayne Anderson Capital Advisors committed to the first two along with the EnCap.

SPAC Targets Austin Firm for Merger

Blank check company Power & Digital Infrastructure Acquisition Corp. is looking to take an Austin-based blockchain hosting and digital asset mining infrastructure and software provider to the public markets.

Core Scientific Inc. has entered into a definitive agreement to combine with the SPAC (XPDI), which is guided by XPDI Sponsor, Energy & Power Transition Partners and XMS Capital Partners’ XMS XPDI Sponsor Holdings. 

Gross proceeds include $300 million of cash in-trust with Core Scientific stockholders set to own about 89% of the combined company should the transaction close in the fourth quarter.

XPDI selected Barclays Capital Inc. as financial and capital markets advisor while XMS Capital Partners also served as financial advisor and Kirkland & Ellis acted as legal advisor. 

Partners Debbie Yee of Houston, Richard Campbell of Chicago and Adam Garmezy of Houston and Austin led the Kirkland team along with Houston associates Randy Santa Ana and Christian Mahre and Dallas associate Parker Collins.

Additional Texas-based counsel came from partner David Wheat of Dallas and Houston and Houston associates Kristin Kluding, Joe Tobias and Victoria Chang.

Evercore represented Core Scientific on financial matters while Cooley advised on legal concerns.

MDH Acquisition PayLink and Olive.com

In a play that will see one company become a division of another as part of a larger de-SPAC merger, MDH Acquisition Corp. announced on July 21 the identities of two targets: Olive.com and PayLink Direct. 

As part of the take-public transaction with MDH Acquisition, a blank check company backed by McLarty Diversified Holdings with ties to Southlake, PayLink will become a division of Olive.com. 

The combined company, dubbed Olive Venture Holdings Inc., will combine Olive.com’s digital vehicle protection plan platform with PayLink’s largest market share-leading payment services.

MDH selected Shearman & Sterling as legal advisor, Keefe, Bruyette & Woods as financial advisor and Stifel, Nicolaus & Co. and again KBW as capital markets advisors. 

Shearman’s deal team included partners Chris Zochowski of New York and Washington, D.C., Alain Dermarkar of Dallas and Bradley Noojin of Washington, D.C., and associates Katie Butler of New York and Domenic Frappolli of Dallas.

For Olive.com, Kirkland & Ellis provided legal counsel and Oppenheimer & Co. represented the company on financial matters.

Additionally, investors in PayLink and Olive.com, affiliates of funds managed by affiliates of Fortress Investment Group and Milestone Partners, plan to roll over their common equity interests into the new public company. Existing shareholders in PayLink and Olive.com are expected to hold about 74% of the company should the transaction close.

MDH brings about $291 million of cash in-trust to the transaction, including $15 million in PIPE funding. The funds have been earmarked for paying down some of PayLink and Olive.com’s existing debt, redeeming preferred units and purchasing common stock of the new public company.

Oppenheimer and KBW served as placement agents on the PIPE.

Omnichannel Acquisition Opts for Digital Home Insurer

Direct-to-consumer digital home insurer Kin Insurance Inc. will hit the Nasdaq pending a combination with SPAC Omnichannel Acquisition Corp. as it looks to take its product offerings nationwide.

Kin Insurance selected Latham & Watkins as legal advisor while JP Morgan Securities acted as exclusive financial advisor. 

Houston partner John Greer led the Latham team with Houston associates Ryan Lynch, Bryan Ryan, Sarah Dunn, Dylan Carroll and Brent Wagner. Additional Texas-based counsel came from Houston partners Bryant Lee and Joel Mack and Houston associates Jared Grimley and Chelsea Muñoz-Patchen.

Winston & Strawn represented Omnichannel in legal matters, led by partners Kyle Gann of Chicago and David Sakowitz of New York. Citigroup Global Markets served as capital markets advisor to the blank check company.

Upon the close of the transaction, Kin will be provided with up to $242 million in cash from Omnichannel’s trust, including a fully committed $80 million PIPE round. That’s in addition to a recent $80 million Series C raise with investors such as basketball superstar Draymond Green and pro golfer Rory McIlroy.

JP Morgan Securities and Citigroup Global Markets also acted as joint placement agents on the PIPE transaction with Mayer Brown representing the placement agents on legal matters.

Velocity Expects BBQGuys Merger to Sizzle

Velocity Acquisition Corp., the second SPAC launched by &vest, plans to combine with BBQGuys. 

The Baton Rouge-based seller of grills, grilling accessories and other outdoor living products has upped its distribution capabilities in recent years after being acquired by private equity firm Brand Velocity Partners, along with strategic investors such as the Manning family (as in Archie, Cooper, Peyton and Eli).

Jefferies, Citigroup and Canaccord Genuity represented Velocity as financial and capital markets advisors while Winston & Strawn advised on legal matters.

BBQGuys selected Sidley Austin as legal advisor and Credit Suisse as exclusive financial advisor.

Private equity partners Brien Wassner of New York and Josh DuClos of Century City led the Sidley team with additional Texas-based assistance from Houston M&A associates John Stribling, Tanner Groce, Justin Pitcher and Sabina Wahl.

Gross proceeds, which consist of $230 million of Velocity’s cash in-trust, are expected to be used for growth initiatives, including acquisitions, among other efforts.

&vest’s first SPAC, FAST Acquisition Corp., selected a familiar name to Texans with its first combination: Houston-based Fertitta Entertainment Inc.   

KKR Invests in Renewable Energy Firm

Private equity giant KKR has committed up to $1 billion as part of a minority investment in Sol Systems, a Washington, D.C.-based renewable energy firm.

The strategic partnership is tied to Sol’s shovel-ready projects in North America, where it’s set to develop contracted renewable energy and storage assets.

KKR will invest through its Global Infrastructure Investors III fund.

Bracewell represented Sol with a team that included Houston partners Ryan S. Holcomb, Lytch T. Gutmann and Matthew B. Grunert and Houston associate Brandon J. Butera.

Accenture Acquires Workforce Firm

Professional services firm Accenture announced on July 20 that it has acquired Workforce Insights, a workforce management platform with about 300 employees based in Denver.

Financial terms of the transaction were not disclosed.

Gibson, Dunn & Crutcher advised Accenture in the transaction.

The corporate team was led by New York partner Saee Muzumdar and New York associates Kristen Poole, Brad McEwan and Nicolette Fata. Texas-based assistance came from Dallas partner Krista Hanvey, who advised on benefits.

Accenture plans to roll Workforce Insights into its existing workforce management consulting practice.

Houston PE Firm Makes Acquisition

Houston-based lower and middle market private equity firm Allied Industrial Partners acquired CAT Entertainment Systems, the entities announced on July 22.

The acquisition marks a carve-out of CAT Entertainment Systems from Ring Power Corp., one of the largest Caterpillar dealers in the U.S. Ring Power will retain a minority stake in the company.

Financial terms of the transaction were not disclosed. 

CAT Entertainment Systems, which offers power services to the broadcasting, entertainment, emergency response and industrial sectors, has been rebranded as CES Power as part of the transaction.

AIP selected Eaton Partners, a Stifel business, as financial advisor and Kirkland & Ellis as legal counsel.

Corporate partner Thomas Laughlin of Dallas led the Texas-based Kirkland team along with Dallas associates Tess Dennis and Parker Collins. 

Also providing counsel were Houston and Dallas partner Matt Nadworny; Houston partners Will Bos and Jordan Roberts; Austin and Houston partner Steve Butler; and Houston associates Linda Dahl, Katherine Chernova, Michael Schlinkert, Christina Godard, Ryan Phelps and Courtney Loyack.

Summa Acquires Majority Stake in G-CON

A company founded in College Station has a new majority owner.

Stockholm’s Summa Equity Fund II, an investment vehicle focused on ESG concerns, acquired a stake in G-CON Manufacturing Inc. as it looks to expand the fast-growing manufacturer of pre-fabricated cleanrooms.

Financial terms were not disclosed.

Summa Equity used William Blair as exclusive financial advisor and Ropes & Gray as legal advisor. 

Vinson & Elkins represented G-CON in legal matters while Jefferies took on the role of exclusive financial advisor.

Dallas partner Mark Early led the V&E team along with Dallas associates KJ Pedersen, Joseph Steuert and Jennifer Chacon.

Other Texas-based counsel came from Dallas partners Shane Tucker, Jim Meyer and Randy Jurgensmeyer; Houston partners Matt Dobbins and Tom Wilson; Dallas counsel Sarah Mitchell; Houston counsel Christie Alcalá; Dallas senior associates Jared Knight and Collin Groebe; Austin senior associate Ben Cukerbaum; Dallas associates David Gilbert and Bryce Imhoff; and Houston associate Maddison Riddick.

Blackstone Portfolio Company to Make 2 Buys

Blackstone portfolio company Therma Holdings entered into agreements to acquire two engineering and energy services companies. 

Therma will acquire CMTA and Building Systems Holdings as it looks to reduce energy consumption within the U.S.’ built environment.

The transactions – for which financial terms were not disclosed – are expected to close in the third quarter.

Kirkland & Ellis represented San Jose, Calif.-based Therma on the transactions with a Texas-based team led by transactional partners Kyle Watson of Houston and Rhett Van Syoc of Houston and New York and Houston associates Zach Savrick, Fernanda Langa and Michael Bassi; Austin associate Monica Dion; and Dallas associate Abbey Zuech. 

Additional assistance came from tax partner Mark Dundon and associate Joe Tobias, both of Houston. 

CAPITAL MARKETS

Bracewell Reps NTTA in Bond Issuance

The North Texas Tollway Authority recently financed $848 million in tax-exempt and taxable bonds. Through the transaction, NTTA refunded outstanding obligations tied to bonds and commercial paper notes in addition to refinancing a loan with the Texas Department of Transportation to merge part of State Highway 360 into NTTA’s system of toll roads. 

The transaction also helped NTTA realize about $190 million in debt service savings.

Bracewell represented the issuer on the transaction as co-bond and co-disclosure legal counsel while RBC Capital Markets and JP Morgan Securities led the underwriting syndicates.

Dallas partners E. Steve Bolden II and William Mahomes Jr. and Austin partner Victoria N. Ozimek led the transaction for Bracewell with additional Texas assistance from Houston senior counsel Edward Fierro and Dallas associates Sarah Tahir and Shelby Harden.

MoneyGram Closes Offering, Loan

Dallas-based digital payments giant MoneyGram International Inc. concurrently closed a $415 million private offering of 5.375% senior secured notes due 2026 and a $400 million senior secured term loan.

MoneyGram, which also has a $32.5 million undrawn revolving facility, plans to use the proceeds to prepay the full amount of first lien and second lien indebtedness under its existing senior secured credit facilities, among other needs.

Vinson & Elkins advised MoneyGram on both transactions with a Texas-based team led by partners Alan Bogdanow of Dallas and David Stone of Houston with Dallas senior associate Lucy Liu and Dallas associates Cameron Land and Jack Peterson. 

Additional counsel came out of Dallas from partners Cris Dewar, Jim Meyer and Wendy Salinas; senior associate Randy Aman; and associates Arthur Munoz and Jeff Slusher.

Bank of America is acting as the administrative agent in relation to the revolving facility.

Texas Children’s Issues Bonds

Texas Children’s Hospital issued approximately $540 million in tax-exempt bonds as the healthcare system looks to begin working on the first phase of a new children and women’s hospital in Austin.

The bonds were released in a series of four and included $300 milion of new money for Texas Children’s in addition to refunds for three outstanding bond series.

Bracewell represented Texas Children’s Hospital as bond and disclosure counsel with a team that included Houston partners Jonathan C. Leatherberry, R. Todd Greenwalt and Brian P. Teaff and Houston associate Paige H. Abernathy and Dallas associate Shelby Harden.

Acting as underwriters were Goldman Sachs, J.P. Morgan Securities, Loop Capital Markets and Ramirez & Co. Inc. 

Fintech SPAC IPOs

A SPAC with ties to financial technology venture capital platform Portage Ventures hit the public markets last week with an initial public offering targeting $240 million.

Portage Fintech Acquisition Corp. plans to pursue one or more combinations that would rely on the management team’s expertise in the fintech and financial services industries.  

Kirkland & Ellis counseled Portage on the pricing of its IPO with a team led by corporate partners Debbie Yee of Houston, Julia Danforth and Mike Movsovich and associates Jonathan Khoury of New York and Samantha Siegler of Houston.

Goldman Sachs & Co., BTIG and Scotia Capital (USA) Inc. acted as joint book-running managers for the offering. SoFi Securities served as co-manager. 

Winston & Strawn represented Goldman Sachs with a team co-led by partners Michael Blankenship of Houston and David Sakowitz of New York with assistance from Houston associate Luisa Patoni and Chicago associate Oriana Pietrangelo.

Sunnova Prices Securitization

Sunnova Energy International Inc. priced its fourth solar loan securitization and 10th residential solar securitization last week. 

The securitization includes $106.2 million of 1.62% notes and $106.2 million of 2.01% notes backed by a portfolio of 6,435 solar rooftop systems distributed across 19 states and territories. 

Baker Botts represented Sunnova in the transaction with a corporate team led by partners Travis Wofford of Houston and Martin Toulouse of New York with additional assistance from Dallas associate Josh Espinosa and Houston associates Catherine Ellis, Malakeh Hijazi, Daniel Jung and Christopher Carreon. 

Additional Texas-based assistance came from Houston partners Michael Bresson and Danny David; Houston special counsel Krisa Benskin; and Dallas associate Snow Xue Rui.

Credit Suisse acted as the sole structuring agent and bookrunner for the securitization. Popular Securities served as co-manager.

©2025 The Texas Lawbook.

Content of The Texas Lawbook is controlled and protected by specific licensing agreements with our subscribers and under federal copyright laws. Any distribution of this content without the consent of The Texas Lawbook is prohibited.

If you see any inaccuracy in any article in The Texas Lawbook, please contact us. Our goal is content that is 100% true and accurate. Thank you.

Primary Sidebar

Recent Stories

  • Appeals Court Upholds Part of Verdict for Fired Southwest Flight Attendant, Tosses Religious Training Order
  • Susman Godfrey: President Trump Executive Order is ‘Unconstitutional — Full Stop’
  • M&A Newsmaker: Katherine Terrell Frank Never Became Perry Mason, But It Still Worked Out
  • Trade and Tariffs Specialist Joins V&E
  • Sheppard Mullin Adds Tax/Executive Comp Partner in Houston from Kirkland

Footer

Who We Are

  • About Us
  • Our Team
  • Contact Us
  • Submit a News Tip

Stay Connected

  • Sign up for email updates
  • Article Submission Guidelines
  • Premium Subscriber Editorial Calendar

Our Partners

  • The Dallas Morning News
The Texas Lawbook logo

1409 Botham Jean Blvd.
Unit 811
Dallas, TX 75215

214.232.6783

© Copyright 2025 The Texas Lawbook
The content on this website is protected under federal Copyright laws. Any use without the consent of The Texas Lawbook is prohibited.