Nine Texas-based firms are on the short list of firms handling the lion’s share of big Texas mergers and acquisitions during the first six months of 2012, mergermarket reports in its Texas M&A Roundup.
It has been a hot year for deals in Texas. Mergermarket reports that Texas M&A activity from January through June included 172 deals worth $57.6 billion, which is a 13.6 percent increase in deal value compared to the first half of 2011, with 187 deals valued at $50.7 billion. Mergermarket includes deals of at least $5 million in which the “dominant geography” of the target company is in Texas.
Bracewell & Giuliani of Houston topped the league table that ranked firms by value of deals during the first half of 2012, with 18 deals worth $33.8 billion. Texas firms following Bracewell on the value league table are Vinson & Elkins in second place with $26.5 billion; Locke Lord in sixth place with $8.6 billion; Baker Botts in the 10th spot with $7.3 billion; and Andrews Kurth in 14th place, with $4.9 billion. All of the firms are based in Houston.
V&E topped mergermarket’s league table that ranked firms by the number of deals during the six months, with 37 deals valued at $26.5 billion. After V&E, Texas firms on that league chart for the first half of 2012 are Houston firms Bracewell; Baker Botts; and Fulbright & Jaworski – each with 18 deals -- and Andrews Kurth with 11 deals. Others are Dallas firms Haynes and Boone with 10 deals; Akin Gump Strauss Hauer & Feld with nine; and Thompson & Knight with eight.
-- Brenda Sapino Jeffreys