The Federal Trade Commission filed a lawsuit on Monday seeking to block private equity-backed playground equipment maker PlayPower's planned acquisition of rival BCI Burke, alleging the move will drive up prices while decreasing quality and innovation.
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FTC Sues To Block Playground Equipment Deal

By Matthew Perlman

The Federal Trade Commission filed a lawsuit on Monday seeking to block private equity-backed playground equipment maker PlayPower's planned acquisition of rival BCI Burke, alleging the move will drive up prices while decreasing quality and innovation.

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Allens-Led EQT Reaches $6.5B Deal To Acquire Cleanaway

By Dawood Fakhir

Swedish investment business EQT said Monday that it has signed a definitive agreement to buy Australian waste management company Cleanaway for approximately 9.3 billion Australian dollars ($6.5 billion).

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Blackstone Wraps 5th Energy Fund With $8.7B In Tow

By Jade Martinez-Pogue

Private equity behemoth Blackstone revealed Monday that it closed its fifth energy-focused fund after securing $8.7 billion of investor commitments.

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5 Firms Steer $3.4B Silgan, Trivium Packaging Deal

By Al Barbarino

Silgan Holdings Inc. said Monday it has teamed up with private equity firm American Industrial Partners on an agreement to acquire Trivium Packaging BV for an enterprise value of $3.4 billion, in a deal guided by five law firms.

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EU Says PE Firm KKR May Have Misled Merger Review

By Dawood Fakhir

The European Union antitrust enforcer escalated a case against KKR on Monday over its $23.7 billion acquisition of NetCo in 2024, alleging that the private equity firm might have provided incorrect or misleading information during the EU merger review process.

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KKR, Ares Units Agree To $2.9B Infinity Transportation Deal

By Al Barbarino

KKR & Co. has agreed to sell Infinity Transportation to business units of Ares Management for an enterprise value of approximately $2.9 billion, the private equity giants said Monday, in a deal steered by Simpson Thacher & Bartlett LLP and Kirkland & Ellis LLP. 

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LITIGATION

BDO $1.3B ESOP Fight Dismissed On Standing Grounds

By Kellie Mejdrich

A Massachusetts federal judge on Monday dismissed a proposed class action against BDO USA alleging the accounting and tax advisory firm's $1.3 billion deal to create an employee stock ownership plan violated federal benefits law, holding the worker who sued couldn't show that the transaction injured him.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week blocked Cloudflare Inc. from completing a restructuring meant to preserve its founders' voting control, while Tower Semiconductor Ltd. accused Intel Corp. of backing out of a semiconductor manufacturing agreement and social media company Triller Group Inc. challenged its removal from Nasdaq.

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DEALS & FINANCING

Kirkland-Led EnCap Clinches $3.5B Continuation Vehicle

By Jade Martinez-Pogue

Energy investor EnCap Investments LP, led by Kirkland & Ellis LLP, said Monday that it closed a continuation vehicle for a portfolio of Permian Basin assets after securing roughly $3.5 billion of committed capital.

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5 Firms Build Migraine-Focused TriGemX's $600M SPAC Deal

By Jade Martinez-Pogue

Biotechnology company TriGemX Bio on Monday unveiled plans to go public by merging with special purpose acquisition company TCGX Acquisition Corp. in a deal built by five law firms that creates a combined company with a $600 million post-transaction equity value.

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LEGAL INDUSTRY

DOJ Or Trump: Judge Asks Who Is Deciding Golf Course Plan

By Jared Foretek

Trump administration lawyers continued to insist at a hearing Monday there is no final plan to remake East Potomac Golf Course, and they changed their tune about whether one would require environmental review, despite new social media posts from the president announcing that work on the overhaul would begin "immediately."

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Wood Smith, Charlesbank Capital Ink Pioneering MSO Deal

By Emma Cueto

Insurance defense firm Wood Smith Henning & Berman has inked a deal to take investment from middle market investment firm Charlesbank Capital Partners via a managed services organization, according to an announcement Monday, the largest U.S. firm to announce such a move.

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Brief

Arizona Court Approves State's First Non-ABA Law School

By Emma Cueto

The Arizona Supreme Court has approved the state's first law school not accredited by the American Bar Association, citing the need to increase the number of lawyers per capita in the state and provide more affordable options for legal education.

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Court Denies Gov't Bid To DQ Susman Godfrey In ABA's Suit

By Andrea Keckley

A federal judge in Washington, D.C., has denied the U.S. Department of Justice's bid to disqualify Susman Godfrey LLP from representing the American Bar Association in its lawsuit challenging the Trump administration's executive orders against multiple major law firms. 

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Trump Taps DOJ Official, Federal Prosecutor For Judgeships

By Courtney Bublé

President Donald Trump on Monday nominated a senior U.S. Department of Justice attorney for a Nebraska federal judgeship and an assistant U.S. attorney for a seat on the Northern District of Indiana bench.

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Rogoff Tells 9th Circ. His Firing Furthers Trump's 'Evil' Plan

By Ben Adlin

Roger Rogoff urged the Ninth Circuit to affirm a lower judge's order reinstating him as Seattle's top federal prosecutor, asserting in a filing Friday that he's entitled to keep the court-appointed U.S. attorney position until President Donald Trump fills the role with a Senate-confirmed nominee.

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Proskauer Says It Didn't Drop Reddit To Defend Perplexity

By Lauren Berg

Proskauer Rose LLP and Perplexity AI are urging a New York federal judge to allow the law firm to represent the artificial intelligence company in Reddit's suit over alleged data scraping, balking at the social media platform's argument that its one-time law firm can't represent its current opponent.

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What The Justices Won't Hear: A Roundup Of Cert Denials

By Taylor Bowie

The U.S. Supreme Court declined to take up cases from Google, a U.S. Navy contractor, and other appellate hopefuls on Monday, according to an order list.

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COMPANIES IN TODAY'S NEWS

Alliance Technical Group

Amazon.com Inc.

American Bar Association

American Industrial Partners

American Systems

Arcwood Environmental

Ares Management Corp.

BDO LLP

BDO USA LLP

Burke Inc.

Cable News Network Inc.

Cemex, S.A.B. de C.V.

Charlesbank Capital Partners LLC

Cleanaway Waste Management Ltd.

Cloudflare Inc.

ConocoPhillips

Delta Star Inc.

Democracy Forward Foundation

Deutsche Bank AG

Dresser Utility Solutions

EQT AB

EQT Corp.

EnCap Investments LP

EpicentRx Inc.

Exxon Mobil Corp.

Google LLC

Honeywell International Inc.

Infinity Transportation

Intel Corp.

Jenzabar Inc.

KKR & Co. Inc.

LifeSci Capital LLC

Littlejohn & Co. LLC

Nasdaq Inc.

OGX

Pegasus

Platinum Equity LLC

RBC Capital Markets

Reddit Inc.

Silgan Holdings Inc.

Stanford University

The Goldman Sachs Group Inc.

TikTok Inc.

Tower Semiconductor Ltd.

Viking Global Investors LP

Walmart Inc.

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

Ashurst Perkins

Bartlit Beck

Bayard PA

Cohen Milstein

Cooley LLP

Dechert LLP

Goodwin Procter

Holland & Knight

Jenner & Block

Kirkland & Ellis

Latham & Watkins

Lowell & Associates

Maples and Calder

McDermott Will & Schulte

Morris Nichols

Munger Tolles

Paul Weiss

Proskauer Rose

Sidley Austin

Simpson Thacher & Bartlett

Susman Godfrey

Weil Gotshal

WilmerHale

Wollmuth Maher

Wood Smith

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona Supreme Court

Consumer Financial Protection Bureau

Delaware Court of Chancery

European Commission

European Union

Executive Office of the President

Federal Trade Commission

National Labor Relations Board

National Park Service

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. Department of the Interior

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

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

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

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

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

U.S. Marine Corps

U.S. Navy

U.S. Senate

U.S. Supreme Court