Sidley, Simpson Thacher Steer $1.5B Sale Of Yacht Retailer

By Jade Martinez-Pogue

Recreational boat and yacht retailer MarineMax, advised by Sidley Austin LLP, on Monday revealed that it will become a privately held company after being acquired by private equity-backed marina and superyacht services company Safe Harbor Marinas, led by Simpson Thacher & Bartlett LLP, in a $1.5 billion all-cash deal.

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Latham, Kirkland Steer Bernhard Capital's $1B Bowman Buy

By Jade Martinez-Pogue

Engineering services and program management firm Bowman Consulting Group Ltd., advised by Latham & Watkins LLP, on Monday announced that it has agreed to be bought by Kirkland & Ellis LLP-led infrastructure-focused private equity shop Bernhard Capital Partners in a $1 billion all-cash take-private deal.

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H.I.G. Can't Block Calif. Suit Over $17.5M Health Deal

By Jarek Rutz

The Delaware Chancery Court on Monday refused to block two former behavioral health facility owners from pursuing a California securities fraud suit against private equity firm H.I.G. Capital LLC and its affiliates, finding the companies had not shown the dispute must be litigated in Delaware.

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Defense Tech Startup Lyntris Launches Plans For $492M IPO

By Jade Martinez-Pogue

Private equity-backed defense technology company Lyntris Inc. on Monday filed plans with U.S. regulators to raise roughly $492 million in its initial public offering led by Willkie Farr & Gallagher LLP and Latham & Watkins LLP.

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Ill. Gov. Signs Bill Restricting PE Role In Legal Industry

By Emma Cueto

Illinois Gov. JB Pritzker has signed into law a bill designed to target nonlawyer ownership of law firms, outlawing fee sharing with out-of-state alternative business structures and attempting to place restrictions on law firms' use of managed services organizations.

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2 Firms Advise Ryman's $1.38B Fla. Luxury Resort Buy

By Isaac Monterose

Ryman Hospitality Properties Inc. will pay $1.38 billion to real estate investor Trinity Investments for a 409-acre Orlando, Florida, luxury resort complex in a deal guided by Bass Berry & Sims PLC and Greenberg Traurig LLP, the hospitality-focused real estate investment trust announced Monday.

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4 Firms Guide TPG Mortgage's $117M Cherry Hill REIT Buy

By Isaac Monterose

Residential mortgage real estate investment trust TPG Mortgage Investment Trust Inc. will acquire fellow residential mortgage REIT Cherry Hill Mortgage Investment Corp. for more than $117 million in a cash and stock deal guided by Hunton Andrews Kurth LLP, Freshfields LLP, Fried Frank Harris Shriver & Jacobson LLP and Mayer Brown LLP, the two companies announced Monday.

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Investment Firm 777 Partners Hits Ch. 11 To Handle $2B+ Debt

By Clara Geoghegan

Investment firms 777 Partners and 600 Partners, as well as entities tied to them, filed for bankruptcy protection in Texas with over $2 billion of debt, saying a creditor's involuntary Chapter 7 petition expedited its Chapter 11 plans amid a yearslong wind-down process.

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Paul Weiss Adds 2 Capital Markets Partners

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP said Monday it has added two New York-based partners to its capital markets group.

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Rethinking Risk And Value In Private Credit Disputes

Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

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Trump Picks Ex-Personal Lawyer As New White House Counsel

By Courtney Bublé

President Donald Trump's incoming White House counsel is a former personal attorney for the president who is already working for the White House and was at the U.S. Department of Justice during his first term.

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Spa Fights 9th Circ.'s 'Swinging Dicks' Order At High Court

By Jeff Overley

The Ninth Circuit's rejection of a spa's religious objections to serving transgender customers is incompatible with several major precedents, according to a U.S. Supreme Court petition filed Monday in litigation that soared in prominence when dozens of circuit judges decried a salacious dissent.

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CREXi Can't Stay CoStar Case For Quinn Emanuel DQ Appeal

By Matthew Perlman

A California federal court rejected a bid Monday from Commercial Real Estate Exchange Inc., or CREXi, for a stay in CoStar's copyright case while CREXi looks to undo the disqualification of its attorneys from Quinn Emanuel Urquhart & Sullivan LLP.

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Biz Owners Appeal Morgan Lewis Win In Tax Shelter Suit

By Andrea Keckley

A pair of business owners asked the Florida Supreme Court to reverse a decision affirming judgment in favor of Morgan Lewis & Bockius LLP in a dispute over whether the law firm had routed income through illegal tax shelters.

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