Kirkland-Led Francisco Partners Raises $21B Across 2 Funds

By Jade Martinez-Pogue

Kirkland & Ellis LLP-advised Francisco Partners on Thursday revealed that it raised $21 billion across its two latest funds, marking the largest fundraise in the firm's history.

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Kirkland, White & Case Guide Brookfield's $7B Aypa Buy

By Al Barbarino

Brookfield Asset Management has agreed to acquire Aypa Power from funds managed by Blackstone Energy Transition Partners in a deal valuing the battery storage developer at about $7 billion, with Kirkland & Ellis LLP and White & Case LLP advising.

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Simpson Thacher Warned Co. About Deal Terms, Jury Told

By Cara Salvatore

A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

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Nestlé, PE Firm Platinum To Form $5.6B Beverage Unit

By Al Barbarino

Nestlé said Thursday that it has agreed to team up with Platinum Equity to create Peranel, a Paris-based 50/50 joint venture for Nestlé's waters and beverages business that values the unit at €4.9 billion ($5.6 billion).

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Baker Botts, Vinson Steer Matador's $1.3B Oil Operations Deal

By Nate Beck

Dallas-based oil and gas company Matador Resources said Thursday that it plans to buy an EnCap Investments subsidiary operating in the Permian Basin for $1.3 billion and separately acquire acreage in Texas and New Mexico from another EnCap company in a deal guided by Baker Botts LLP and Vinson & Elkins LLP.

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Kirkland, Sullivan & Cromwell Steer $2B ArisGlobal Deal

By Al Barbarino

Dassault Systèmes has agreed to acquire ArisGlobal, an AI-driven software provider for the life sciences industry, from private equity firm Nordic Capital for up to $2 billion, the companies said Thursday.

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Del. Judge Voids Destiny Co-Founder's Ouster Scheme

By Jarek Rutz

The Delaware Chancery Court ruled Thursday that Destiny XYZ Inc.'s controlling founder carried out an unfair scheme to squeeze his co-founder out of the company, restoring the minority founder's ownership stake and finding that the controller and two directors breached their fiduciary duties through a reverse-forward stock split designed to eliminate him.

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Deals Rumor Mill

British Bank Revolut Hits $115B Valuation, Plus More Rumors

By Jade Martinez-Pogue

British digital bank Revolut's valuation soared to $115 billion, private equity giant BlackRock leads an at least $12 billion debt sale for Meta's new data center project, and Liverpool FC is in talks with investor Amit Bhatia over a potential stake sale that could value the club at $6 billion.

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3 Firms Guide Health Wellness Co.'s $650M SPAC Merger

By Jade Martinez-Pogue

Health wellness company First Choice Healthcare Solutions announced that it has agreed to go public through a merger with special purpose acquisition company Western Acquisition Corp. in a $650 million deal built by three law firms.

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Series

Being A Singer Makes Me A Better Lawyer

Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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ABA Rips DOJ's 'Absurd' Firm Subpoenas In Documents Fight

By Emily Sawicki

The American Bar Association has blasted as "absurd" the government's move to subpoena law firms as an attempt to avoid a documents request from the organization amid allegations the Trump administration worked to intimidate law firms into conforming with his policy goals through executive orders last year.

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Judge's Deportation Probe 'Off The Rails,' DOJ Tells DC Circ.

By Britain Eakin

The Trump administration urged the full D.C. Circuit to either order U.S. District Judge James Boasberg to terminate his criminal contempt inquiry into the administration's Alien Enemies Act removals last year, or order him to forgo live testimony in the probe.

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Jack Smith's Lawyers Say Criminal Referral Twists Testimony

By Courtney Bublé

Former special counsel Jack Smith's legal team has said the criminal referral a U.S. Congress member sent the Department of Justice to investigate Smith is based on a "spurious claim."

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500-Member NYC Public Defender Union Ends Strike

By Andrea Keckley

The first and so far only New York City public defender union to go on strike this year announced on Wednesday that its approximately 500 members are returning to work after reaching a tentative agreement with their managers.

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Patent Atty Sues USPTO Over 'Flawed' Disciplinary Procedure

By Hailey Konnath

An Ohio patent lawyer Thursday accused the U.S. Patent and Trademark Office of using an unlawful "pay for play" system for its disciplinary proceedings against attorneys, claiming the disciplinary proceedings are "inherently biased" and rigged against him and others facing discipline.

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Senate Confirms 2 Judges, Advances Ohio And Colo. Picks

By Courtney Bublé

The Senate on Thursday voted 48-47 to confirm Judge Daniel Traynor of the District of North Dakota to the U.S. Court of Appeals for the Eighth Circuit and 49-44 to confirm Antonio M. Pozos, a partner at Faegre Drinker Biddle & Reath LLP, as a judge for the Eastern District of Pennsylvania.

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