The M&A Scene: CEO Leadership
Dealmakers gathered at the Harvard Club in New York on May 7 as part of ACG NY's CEO Leadership event. Peter Gonye, a co-leader within Spencer Stuart's private equity practice in North America was the keynote speaker. Panelists included M. Tatum Pursell, senior adviser, Unlimited Horizons; Tony Ecock, general partner, Welsh Carson Anderson & Stowe; Jim Follett, former CEO of Authentic Response Inc.; Doron Grosman, operating partner, Court Square Capital; and Joelle Marquis, partner, Arsenal Capital.
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It's a holiday shopping rush of a different sort a plethora of energy deals have been announced in December by strategic buyers and private equity firms alike. And the phenomenon will continue, explains Jones Day partner Jeff Schlegel. Theres something for everyone in the market right now, he tells Mergers & Acquisitions. Schlegel has advised numerous energy transactions recently, including Access Midstream Partners LP's (NYSE: ACMP) acquisition of Chesapeake Midstream Operating LLC for $2.16 billion and Chevron Pipeline Co.'s selling its Northwest Products Pipeline System to Tesoro Logistics LP (NYSE:TLLP) for $400 million. Though deals might slow down at the start of 2013 because so many are closing before 2012 ends, the demand for energy will stay strong, he adds. ALLISON COLLINS
December 12, 2012 TNK-BP was formed with BPs Russian oil and gas assets, and those of Alfa Group, Access Industries and Renova
December 12, 2012 Spectra Energy will buy the Express-Platte Pipeline System, which runs from Canada to Illinois
December 12, 2012 Chevron Pipeline is selling off 760 miles of oil pipeline through the deal
December 10, 2012 Chinese firm's $256M bid for auto battery maker still requires approval from the Committee on Foreign Investment in the United States
December 5, 2012 The Phoenix-based company's acquiring of Plains Exploration and McMoRan contributes to a string of recent energy deals
Foreign firms buy stakes in U.S. drilling companies; bankers set up shop in Houston. "It's fair to say everyone wants energy security, which means reducing reliance on imported oil and gas," says Dean Colucci, president of MLV& Co.