Swedish private equity company EQT said Thursday that it will buy the U.K. secondaries firm Coller Capital for up to $3.7 billion in a bid to take advantage of the growing market for continuation vehicles as the PE sector continues to struggle to offload assets.
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SATURDAY, JANUARY 24, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Ropes & Gray, Vinge Guide EQT's $3.7B Coller Capital Deal

By Najiyya Budaly

Swedish private equity company EQT said Thursday that it will buy the U.K. secondaries firm Coller Capital for up to $3.7 billion in a bid to take advantage of the growing market for continuation vehicles as the PE sector continues to struggle to offload assets.

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TikTok Seals Joint Venture Deal For US Operations

By Lauren Berg

TikTok's Beijing-based owner, ByteDance, has sold a majority stake in the video app's U.S. operations to a new U.S.-based joint venture managed by a group of non-Chinese investors in order to comply with a congressional mandate and avoid the app's shutdown, the company announced Thursday.

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General Fusion To Go Public In $1B Nasdaq Deal

By Jade Martinez-Pogue

Private equity-backed General Fusion on Thursday announced plans to go public by merging with special purpose acquisition company Spring Valley Acquisition Corp. III in a deal that provides the combined company a roughly $1 billion pro forma equity value and was built by four law firms.

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PE-Backed Strickland Brothers Secures $360M Investment

By Jade Martinez-Pogue

Private equity-backed oil change operator Strickland Brothers, led by Herbert Smith Freehills Kramer LLP, on Thursday revealed that it secured $360 million of financing to support acquisition activity and allow for continued national expansion.

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Norton Rose-Led PE Biz To Buy UK Wholesaler For £251M

By Tom Fish

Private equity firm OEP Capital Advisors LP said Thursday that its subsidiary has agreed to acquire U.K. food wholesaler Kitwave Group PLC in a deal worth £251 million ($337.5 million).

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LITIGATION

Dayforce Investors Seek Records In $12.3B Thoma Bravo Deal

By Jarek Rutz

Several stockholders of Dayforce Inc. have asked the Delaware Chancery Court to compel the global human resource software company to hand over internal books and records, arguing the board's handling of a $12.3 billion take-private sale to Thoma Bravo LP warrants closer scrutiny under Delaware law.

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Shareholder Says $2.3B Take-Private Deal Hid Blackstone Ties

By Grace Dixon

Board members of Hawaii-based commercial real estate investment trust Alexander & Baldwin obscured their connections to Blackstone Real Estate in securities filings preceding a proposed $2.3 billion take-private deal, an investor claimed in an Illinois federal lawsuit.

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Marketers Who Sold Fraudulent StraightPath Funds Plead Out

By Pete Brush

Two New York men who hawked pre-initial public offering shares for fraud-ridden vendor StraightPath from "boiler room" sales floors pled guilty Thursday to fraud charges, after Manhattan federal prosecutors charged them with raising $185 million by duping customers.

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DEALS & FINANCING

3 Firms Guide BitGo's Upsized $212M IPO

By Grace Dixon

Fenwick & West LLP, Cravath Swaine & Moore LLP and Whalen LLP guided Bitgo Holding's Thursday initial public offering, which valued the company at $2.08 billion with shares priced at $18, per an announcement from the fintech company.

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2 Firms Advise Energy Infrastructure Co.'s Go-Public Deal

By Nate Beck

Utility-scale energy infrastructure developer Hecate Energy Group said Thursday that it is set to become a public company valued at $1.2 billion under a merger advised by Cahill Gordon & Reindel LLP and Allen Overy Shearman Sterling LLP.

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Deals Rumor Mill

SpaceX Eyes IPO, Spirit Mulls PE Owner, And Other Rumors

By Al Barbarino

Elon Musk's SpaceX is putting together a group of Wall Street investment banks for a potential IPO, Spirit Airlines is in talks with investment firm Castlelake to help lead it out of bankruptcy, and OpenAI CEO Sam Altman looks to the Middle East to potentially raise tens of billions of dollars. 

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PEOPLE

Cadwalader Fund Finance Partner Joins King & Spalding

By Tracey Read

A Cadwalader Wickersham & Taft LLP partner has moved to King & Spalding LLP's finance and restructuring practice group ahead of his former firm's planned merger with Hogan Lovells.

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EXPERT ANALYSIS

Key False Claims Act Trends From The Last Year

The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its expanding application, says Veronica Nannis at Joseph Greenwald.

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Series

Hosting Exchange Students Makes Me A Better Lawyer

Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

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LEGAL INDUSTRY

Analysis

Supreme Court Caseload Hits 160-Year Low

By Katie Buehler

Not since the Civil War has the U.S. Supreme Court heard oral arguments in as few cases as it will this term — the latest milestone for the court's shrinking docket, and one attorneys say might have more to do with the high court's culture than its expanding emergency appeals caseload.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London saw Travelers Insurance hit with a claim from a property buyer over a payout tied to collapsed law firm Axiom Ince, Swedish music group Pophouse Entertainment clash with the production company that helped it create the ABBA Voyage experience, and biotech company Vertex Pharmaceuticals sue rival entity ToolGen for patent infringement.

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Analysis

More Push In The 'Push-Pull' As DOJ Targets 'Gamesmanship'

By Bryan Koenig

The U.S. Department of Justice continues to build its task force targeting "gamesmanship" that it says BigLaw attorneys for major companies, especially technology platforms, are using to obstruct antitrust investigations — an effort that has been welcomed by some practitioners and questioned by others.

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5 Arrests Made In Shooting Of Indiana Judge, Wife

By Lynn LaRowe

Five people have been charged in connection with the shooting of an Indiana Superior Court Judge and his wife at their home Sunday following an investigation involving state law enforcement in Indiana and Kentucky and federal agencies.

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Shook Hardy Adds 2 E-Discovery-Focused Partners

By Matt Perez

Shook Hardy & Bacon LLP has hired two e-discovery experts as partners for its complex litigation strategic counseling practice in Washington, D.C., and New York City.

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Dems Push For Another Round Of Jack Smith Testimony

By Courtney Bublé

Following former special counsel Jack Smith's congressional appearance, Democrats are looking for him to return once he is able to speak about the second volume of his report on President Donald Trump's retention of classified documents after he left office.

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Law360's Legal Lions Of The Week

By Kevin Penton

Williams & Connolly LLP leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court held in a unanimous opinion that restitution is a criminal punishment subject to the Constitution's ban on increasing punishment retroactively.

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DOJ Alumni Back Maurene Comey In Effort To Keep Suit Alive

By Rose Krebs

U.S. Department of Justice alumni and a group that includes attorneys, law professors and former judges have filed briefs supporting former Manhattan federal prosecutor Maurene Comey's call for a New York federal court to reject the DOJ's bid to dismiss a suit over her firing.

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How Attorneys Can Balance Careers With Caring For Parents

By Kevin Penton

As baby boomers get older and develop more intense healthcare needs, attorneys in the prime of their careers are increasingly pressed to also provide care to their elderly parents.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The EEOC voted to retract major harassment and discrimination protections as civil rights advocates protested. And Goldman Sachs denied rumors it was easing out its prominent chief legal officer despite the lingering stigma over her association with the late sex offender Jeffrey Epstein.

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Embezzler's Legal Malpractice Claims Too Late, Court Says

By Julie Manganis

A convicted embezzler who accused her attorneys of botching her defenses in criminal and civil cases cannot rely on a longer six-year statute of repose for breach of contract claims to overcome her delay in filing a legal malpractice case, an intermediate Massachusetts appellate court said Friday.

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Promo that reads 2025 Practice Groups of the Year

COMPANIES IN TODAY'S NEWS

A.P. Moller-Maersk

Alexander & Baldwin Inc.

Amazon.com Inc.

Amedisys Inc.

American Bar Association

American Federation of Teachers

Apple Inc.

Bank of America Corp.

Bayer AG

BitGo Inc.

ByteDance Ltd.

CVS Health Corp.

Campaign Legal Center

Canaccord Genuity Group Inc.

Castlelake LP

Cenovus Energy, Inc.

Citigroup Inc.

Clear Street LLC

Coller Capital Ltd.

Compass Minerals International, Inc.

Coterra Energy Inc.

Crawford & Co.

DXC Technology

Dayforce Inc.

Dell Technologies Inc.

Deutsche Bank AG

Devon Energy Corp.

Duke University

EQT AB

EQT Corp.

Eli Lilly & Co.

Epic Games Inc.

Epiq Systems Inc.

Esperion Therapeutics Inc.

Executive Health Resources Inc.

Frontier Airlines Inc.

Frontier Communications Parent Inc.

Gilead Sciences Inc.

Golub Capital Partners LLC

Google LLC

Hecate Energy LLC

Hikma Pharmaceuticals PLC

Host Hotels & Resorts Inc.

Illumina Inc.

Instagram Inc.

Investments Ltd.

JND Legal Administration Co.

JPMorgan Chase & Co.

Johns Hopkins University

Johnson & Johnson

KBW, Inc.

KKR & Co. Inc.

Law Finance Group Management Co.

Lighthouse eDiscovery Inc.

LinkedIn Corp.

Lonza Group Ltd.

Manchester United

Mars Inc.

MasterCard Inc.

Merck & Co. Inc.

Meta Platforms Inc.

Microsoft Corp.

Mitsubishi Corp.

Mizuho Financial Group Inc.

Moelis & Co.

Monsanto Co.

Morgan Stanley

Nasdaq Inc.

National Association for the Advancement of Colored People

National Education Association

Novo Nordisk A S

Occidental Petroleum Corp.

Omnicare Inc.

OpenAI OpCo LLC

Oracle Corp.

Otsuka Holdings Co. Ltd.

Pfizer Inc.

RTX Corp.

Rite Aid Corp.

SIG Susquehanna

Snap Inc.

Solicitors Regulation Authority Ltd.

Space Exploration Technologies Corp.

Spirit Airlines Inc.

Supervalu Inc.

Terreno Realty Corp.

The Goldman Sachs Group Inc.

Therium Capital Management Ltd.

Thoma Bravo LLC

TikTok Inc.

U.S. Chamber of Commerce

UBS Group AG

UnitedHealth Group Inc.

University of Virginia

Verizon Communications Inc.

Vertex Pharmaceuticals Inc.

Wedbush Securities Inc.

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Addleshaw Goddard

Andrews & Springer

Arnold & Porter

Ashurst LLP

Baker McKenzie

Block & Leviton

Boies Schiller

Cades Schutte

Cahill Gordon

Carlsmith Ball

Cassels Brock

Clarick Gueron

Clyde & Co

Covington & Burling

Cravath Swaine

Cuneo Gilbert

DLA Piper

Davis Polk

Devonshires Solicitors

Druces LLP

Dwyer LLC

Enyo Law

Faegre Drinker

Fasken

Fennemore

Fenwick & West

Frederick M. Lehrer Attorney at Law

Gibson Dunn

Greenberg Traurig

HSF Kramer

Hogan Lovells

Irwin Mitchell

Jones Day

Joseph Greenwald & Laake

Kennedys Law LLP

King & Spalding

Kirkland & Ellis

Kopecky Schumacher

Koskoff Koskoff

Labaton Keller

Langsam Stevens

Lanier Law Firm

Latham & Watkins

Law Offices of Scott E. Leemon

Lewis Silkin

Meritz Reddy

Milbank LLP

Mishcon de Reya

Morgan Lewis

Morris Nichols

Nicolaides Fink

Norton Rose

Offit Kurman

Orrick Herrington

Peabody & Arnold

Pinsent Masons

Reed Smith

Reynolds Porter

Ropes & Gray

Shook Hardy

Sidley Austin

Simpson Thacher & Bartlett LLP

Skadden Arps

Smith Gambrell

Spratt Endicott

Sullivan & Cromwell

Thompson Burton

Vinson & Elkins

Wachtell Lipton

Walker Morris LLP

Wharton Law

Williams & Connolly

WilmerHale

Winston & Strawn

Wolf Haldenstein

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Commodity Futures Trading Commission

Companies House

Delaware Court of Chancery

Equal Employment Opportunity Commission

Executive Office of the President

Federal Bureau of Investigation

Federal Reserve System

Federal Trade Commission

Indiana Supreme Court

Texas Supreme Court

U.S. Attorney's Office for the Northern District of New York

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Education

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the Central District of Illinois

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Middle District of Florida

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Washington

U.S. District Court of the District of New Hampshire

U.S. Securities and Exchange Commission

U.S. Supreme Court

UK High Court

UK Intellectual Property Office (IPO)