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Mergers & Acquisitions
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July 22, 2025
Rising Star: Simpson Thacher's Fred De Albuquerque
Simpson Thacher & Bartlett LLP partner Fred de Albuquerque has shepherded several billion-dollar deals, including Cisco Systems' $28 billion purchase of software platform Splunk and KSL's $1.4 billion take-private acquisition of Hersha Hospitality, earning him a spot among the mergers and acquisitions practitioners under age 40 honored by Law360 as Rising Stars.
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July 22, 2025
McCarter & English Taps Capital Markets Duo For NY Team
Two transactional attorneys specializing in capital markets and corporate securities have recently moved their practices to McCarter & English LLP's New York office from Sichenzia Ross Ference Carmel LLP.
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July 22, 2025
Tax Software Co. Avalara, Universal Music Submit IPO Plans
Avalara Inc. and music giant Universal Music Group NV have confidentially filed plans for initial public offerings with the U.S. Securities and Exchange Commission, marking the latest two companies to join the private-to-public pipeline.
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July 22, 2025
EU Deepens Look Into Universal Music $775M Downtown Deal
European Union antitrust enforcers kicked off an in-depth probe Tuesday into Universal Music Group's bid to buy Downtown Music Holdings, raising concerns that the $775 million transaction could give UMG access to the "commercially sensitive data of its rival record labels" held by Downtown.
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July 22, 2025
BCLP Adds PE Transactions Pro From Golenbock Eiseman
Bryan Cave Leighton Paisner announced the addition of a former Golenbock Eiseman Assor Bell & Peskoe LLP attorney to its corporate transactions practice Monday, touting her work in private equity-backed transactions.
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July 22, 2025
4 Firms Advise On $2.5B Insignia Financial Take-Private Deal
Private investment firm CC Capital and global alternative asset manager One Investment Management have agreed to acquire Australia's Insignia Financial Ltd. at a 3.9 billion Australian dollar ($2.5 billion) enterprise value, in a deal steered by four law firms.
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July 22, 2025
NetBrain Valued At $750M After Blackstone Investment
Simpson Thacher & Bartlett LLP-led private equity giant Blackstone on Tuesday revealed that it is making a majority growth investment in network automation and artificial intelligence platform NetBrain Technologies, advised by McDermott Will & Emery LLP, in a deal that values the company at $750 million.
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July 22, 2025
Freshfields-Led Compass Buys €1.5B Dutch Catering Rival
Compass Group PLC said Tuesday that it has agreed to acquire Dutch food and hospitality company Vermaat Groep BV for €1.5 billion ($1.75 billion) as the U.K.-based catering giant moves to boost its European operations.
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July 22, 2025
Drugmaker Sanofi To Buy British Biotech Biz For $1.6B
French multinational drugmaker Sanofi said Tuesday that it has agreed to acquire British biotech company Vicebio for up to $1.6 billion from a group of venture capital investors, bringing an early-stage candidate for respiratory viruses to its vaccine portfolio.
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July 22, 2025
Apax Partners To Pay €916M For Apax Global Alpha
British private equity firm Apax Partners LLP has agreed to acquire a company it collaborates with, Apax Global Alpha Ltd., for €916.5 million ($1.07 billion), as it eyes the investment company's roster of assets.
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July 22, 2025
Antitrust Watchdog Escalates Probe Into Food Sector Merger
Britain's antitrust authority said Tuesday that it is escalating its probe into the acquisition by global catering giant Aramark Group of Scottish rival Entier Ltd. over concerns that the deal could harm competition in U.K. markets.
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July 21, 2025
Trump Asks DC Circ. To Block FTC Dem's Reinstatement
The Trump administration on Monday asked the D.C. Circuit to pause a Thursday order restoring a fired Federal Trade Commission Democrat's job, arguing that the ruling defies recent U.S. Supreme Court orders staying similar reinstatements at other independent agencies.
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July 21, 2025
Aimmune Investors' $27.5M Deal In Nestle Suit Gets Final OK
Investors in biopharmaceutical company Aimmune Therapeutics Inc. have gotten final approval for their $27.5 million deal resolving claims the company was falsely undervalued before its merger with Nestlé Health Science SA.
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July 21, 2025
Skechers Investor Loses Initial Bid To Block Take-Private Deal
A California federal judge has refused to preliminarily block private equity firm 3G Capital from taking footwear giant Skechers private for $9.4 billion, finding that a pension plan that owns Skechers shares failed to show it would be irreparably harmed without the injunction.
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July 21, 2025
Stablecoin Treasury Co. To Go Public In $360M SPAC Deal
A company intending to give investors exposure to the stable-value token Ethena intends to list on Nasdaq as StablecoinX Inc. via a special purpose acquisition deal that will take it public and provide $360 million to build a treasury of the stablecoin, making it one of at least three firms to tout the adoption of a crypto-focused treasury strategy on Monday.
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July 21, 2025
$10M Deal Proposed To End Gaming Co. SPAC Suit In Del.
Attorneys for online gaming company Skillz Inc. stockholders have proposed a $10 million settlement for a blank check company merger suit alleging $13.5 million in damages following a deal in December 2020 that valued the company at $3.5 billion.
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July 21, 2025
Concertgoers Narrow Live Nation Antitrust Claims
Consumers accusing Live Nation of monopolizing the live entertainment industry are dropping their allegations about high prices in the resale ticketing market to focus on prices for the initial sale of tickets in the primary market.
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July 21, 2025
Catching Up With Delaware's Chancery Court
Last week at the Delaware Court of Chancery, a major settlement between Meta Platforms Inc. and its investors reached on the proverbial courthouse steps during day two of a trial ended an $8 billion-plus suit accusing the company's directors and officers of breaching privacy regulations and corporate fiduciary duties tied to allegations dating to the Cambridge Analytica scandal more than a decade ago.
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July 21, 2025
Latham And Cravath Steer $730M ZimVie Take-Private Deal
Latham & Watkins LLP is advising healthcare investment firm ArchiMed on an agreement to purchase Cravath Swaine & Moore LLP-led dental implant company ZimVie Inc. at a roughly $730 million valuation, ZimVie announced Monday.
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July 21, 2025
Rising Star: Weil's Michelle Sargent
Michelle Sargent of Weil Gotshal & Manges LLP has advised on a range of multimillion- and billion-dollar deals across multiple continents and industries, including a $5 billion purchase by Canada's largest communications company of the U.S. Pacific Northwest's leading fiber internet provider, earning her a spot among the mergers and acquisitions law practitioners under age 40 honored by Law360 as Rising Stars.
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July 21, 2025
Orrick Launches In Miami With Akerman M&A Attorney Trio
Orrick Herrington & Sutcliffe LLP announced Monday that it is launching a new Miami office with the addition of a three-partner mergers and acquisitions team from Akerman LLP.
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July 21, 2025
Archer Aviation Can't Ditch Suit Over $1.7B SPAC Merger
Most claims moved toward trial Monday in a Delaware Court of Chancery suit accusing principals of a blank-check company that took vertical takeoff-and-landing aircraft venture Archer Aviation Inc. public of overhyping its strength and outlook, breaching their fiduciary duties and unjustly enriching themselves.
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July 21, 2025
Web Design Giant Figma Launches Plans For $979M IPO
Venture-backed web-design software maker Figma on Monday outlined plans for an estimated $979 million initial public offering, a move that comes after the company's failed $20 billion merger with Adobe Inc.
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July 21, 2025
The Ether Machine Goes Public With $1.5B Via SPAC Merger
Ether generation company The Ether Machine, advised by Skadden Arps Slate Meagher & Flom LLP, on Monday launched as a public company with more than $1.5 billion of committed capital following its merger with Gibson Dunn & Crutcher LLP-advised special purpose acquisition company Dynamix Corp.
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July 21, 2025
Carlyle Selling Calastone To SS&C In $1B Fund Tech Deal
SS&C Technologies said Monday it has agreed to acquire global funds network and technology provider Calastone from private equity firm Carlyle for approximately £766 million ($1.03 billion).
Expert Analysis
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Opinion
Attorneys Must Act Now To Protect Judicial Independence
Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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Del. Supreme Court TripAdvisor Ruling May Limit 'MFW Creep'
The Delaware Supreme Court's recent Maffei v. Palkon ruling regarding TripAdvisor's proposed reincorporation to Nevada potentially signals a turning point in the trend of expanding the protections from Kahn v. M&F Worldwide to other types of transactions, says Andrew J. Haile at Elon University.
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Antitrust In Retail: Rude Awakening For FTC In Tempur Sealy
A Texas federal court's recent denial of a Federal Trade Commision order to stop a giant mattress merger because of lack of evidence on market segments shows that such definitions are only a viable path for regulating vertical mergers if antitrust agencies provide adequate documentation, says David Kully at Holland & Knight.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
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Opinion
US Steel-Nippon Merger Should Not Have Been Blocked
The Biden administration's block of the U.S. Steel and Nippon Steel merger on national security grounds was unconstitutional overreach and needs to be overturned, with the harms remedied in federal court, says attorney Chuck Meyer.
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Biden-Era M&A Data Shows Continuity, Not Revolution
While the federal antitrust agencies under former President Joe Biden made broad claims about increasing merger enforcement activity, the data tells a different story, with key claims under Biden coming in at the lowest levels in decades, say attorneys at Covington.
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What Travis Hill's Vision For FDIC Could Portend For Banks
If selected to lead the Federal Deposit Insurance Corp. in a permanent capacity, acting Chairman Travis Hill is likely to prioritize removing barriers to innovation and institution-level growth, emphasizing the idea that eliminating rules, relaxing standards and reducing scrutiny will reinvigorate the industry, say attorneys at Mitchell Sandler.
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Exploring China's 1st Administrative Merger Control Ruling
As the first judicial ruling in China's merger control regime, the Beijing Intellectual Property Court's recent upholding of Simcere's acquisition of Tobishi helps to clarify how the Chinese antitrust authority and court assess remedies, say attorneys at Tian Yuan Law Firm.
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Series
Competitive Weightlifting Makes Me A Better Lawyer
The parallels between the core principles required for competitive weightlifting and practicing law have helped me to excel in both endeavors, with each holding important lessons about discipline, dedication, drive and failure, says Damien Bielli at VF Law.
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Opinion
DOJ's Visa Suit Shows Pitfalls Of Regulating Innovative Tech
A policy of allowing free-market mechanisms to operate without undue interference remains the most effective way to foster innovation, and the U.S. Department of Justice's 2024 case against Visa illustrates the drawbacks of regulating innovative technology, says attorney Thomas Willcox.
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How New SBA Rule May Affect Small Government Contractors
By limiting competition from larger entities, the Small Business Administration's recently published final rule may help some small government contractors, but these restrictions on set-aside work following a merger, acquisition or sale may also deter small businesses' long-term growth, say attorneys at Akerman.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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Opinion
Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.