Private Equity Law360 provides breaking news and analysis on private equity deals and the attorneys involved. Coverage includes high-impact deals, related litigation and enforcement actions, and policy developments that affect private equity firms.
A hedge fund manager embezzled over $570,000 to pay for personal expenses and attempted to restore half of the stolen funds by scamming an individual investor in a fraudulent securities offering, the U.S. Securities and Exchange Commission alleged Monday in Massachusetts federal court.
Chinese gaming-focused streaming platform DouYu International Holdings on Monday unveiled plans for a $500 million initial public offering steered by Davis Polk & Wardwell LLP, as the private equity-backed company looks to expand its esports offerings and improve marketing and technology capabilities.
Dassault Systèmes is looking for stateside acquisitions, Cerberus Capital Management is looking to raise $2.5 billion with a new direct lending-focused fund and Bain Capital is looking at options for technology company Waystar.
Buyers of a water treatment compound have asked a New Jersey federal judge to approve a $21.35 million settlement to resolve antitrust claims against some chemical companies and people accused of plotting to fix prices for the compound.
Private equity giant Blackstone, guided by Simpson Thacher & Bartlett LLP, said Monday it has agreed to buy a majority stake in a Mumbai, India-based specialty packaging company for up to 32.1 billion Indian rupees ($460.7 million).