Kirkland-Led Wind Point Secures $3.2B For 11th Fund

By Jade Martinez-Pogue

Chicago-based private equity firm Wind Point Partners, led by Kirkland & Ellis LLP, on Wednesday revealed that it wrapped its latest fund with $3.2 billion in tow.

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4 Firms Steer Grant Thornton's $5B Agreement To Buy CBIZ

By Al Barbarino

New Mountain Capital-backed Grant Thornton Advisors said Wednesday it has agreed to acquire CBIZ Inc. in a deal worth $5 billion, including debt, that would create a top-five U.S. provider of professional, tax and advisory services. 

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Bain, Tillman Plug $1.5B Into Eaton Fiber To Fund Ripple Buy

By Jade Martinez-Pogue

Bain Capital, led by Kirkland & Ellis LLP, and Tillman Global Holdings, advised by Willkie Farr & Gallagher LLP, on Wednesday announced that they have plugged $1.5 billion into telecommunications company Eaton Fiber, while simultaneously announcing Eaton Fiber's plan to acquire fiber optic internet provider and network operator Ripple Fiber.

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Brookfield, NextEra Plan $100B Data Center Build At DOE Site

By Nate Beck

Skadden Arps Slate Meagher & Flom LLP is advising Brookfield on a U.S. Department of Energy effort announced Wednesday to redevelop parts of an agency site in Paducah, Kentucky, into a $100 billion data center campus that would also include new affordable energy infrastructure as part of a venture with NextEra Energy and local utilities.

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Sullivan & Cromwell Aids Apax's €1.5B Packing Cos. Purchase

By Najiyya Budaly

Private equity firm Apax Partners LLP will buy two businesses from Gerresheimer AG of Germany for €1.5 billion ($1.7 billion), the companies said Wednesday, as they seek expansion for the pharmaceutical packaging companies in the U.S.

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Amicus Briefs Back Decertification In Juul, Altria Antitrust Suit

By Mike Curley

The U.S. Chamber of Commerce, 14 states led by Iowa, and legal interest groups are urging the Ninth Circuit to throw out class certification in antitrust litigation against Altria and Juul, joining the companies in arguing that the trial court misapplied California law to apply to other states.

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Aterian Loses Dismissal Bid In P.J. Mechanical Suit

By Jarek Rutz

The Delaware Superior Court has refused to dismiss a lawsuit accusing private equity firm Aterian Investment Partners of improperly draining millions of dollars from a holding company to avoid paying earnout obligations owed to the former owners of P.J. Mechanical, finding that the founders plausibly alleged that Aterian intentionally interfered with their contract.

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Australian Asset Manager Perpetual Rejects $1.8B EQT Bid

By Najiyya Budaly

Australian financial services group Perpetual said Wednesday that it has rejected a third approach from Swedish private equity unit EQT of 2.6 billion Australian dollars ($1.8 billion), but indicated that it would be open to an improved proposal.

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Paul Hastings, Vinson & Elkins Guide $2.2B Permian Combo

By Al Barbarino

SoftVest LP and Blackbeard Holdings have agreed to combine the Dallas-based Permian Basin Royalty Trust with Blackbeard's oil and gas mineral and land assets in a transaction valued at about $2.24 billion, with Paul Hastings LLP advising SoftVest and Vinson & Elkins LLP representing Blackbeard.

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Jones Day, Gibson Dunn Steer $200M Sale Of WaterFleet

By Jade Martinez-Pogue

Mobile water and wastewater utility services provider WaterFleet LLC, advised by Jones Day, said Wednesday that it has agreed to be bought by Gibson Dunn & Crutcher LLP-led water technology company Xylem Inc. in a $200 million deal.

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Brief

Lending Firm YSA Hits Ch. 11 With Over $500M In Debt

By Alex Wittenberg

YSA Investments 1, a private lender and asset management company, has filed for Chapter 11 protection in Delaware bankruptcy court with more than $500 million in debt.

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DLA Piper Welcomes 4 Finance Attys

By Andrea Keckley

DLA Piper announced Tuesday that it has brought four attorneys onto its finance team, touting their history advising investors, lenders, sponsors and companies.

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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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Simpson Thacher Hung Client Out To Dry, Jury Hears

By Madison Arnold

A legal ethics expert told a Florida jury Wednesday that he believes Simpson Thacher & Bartlett LLP's actions when representing Patriot National Inc. constitute legal malpractice leading up to the insurance services company declaring bankruptcy.

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Senate Postpones Key Vote For AG Nominee Blanche

By Courtney Bublé

The committee vote on acting Attorney General Todd Blanche's bid to take the permanent role, slated for Thursday, was postponed after Sens. John Cornyn, R-Texas, and Thom Tillis, R-N.C., were not fully on board.

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GOP Bill To Curb Judge Shopping May Have Limited Effect

By Courtney Bublé

A Senate Republican has introduced legislation that he says will fix the judge shopping issue, but court observers don't think it will make much of a difference.

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King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

By Brian Steele

The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

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9th Circ. Vacates Orrick Win In Stock Transfer Deal Dispute

By Hailey Konnath

The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.

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DOJ Wants To Let Immigration Judges Fine For Contempt

By Britain Eakin

The Executive Office for Immigration Review proposed a rule Wednesday that would allow immigration judges to impose civil monetary penalties for contempt on attorneys, their noncitizen clients and witnesses, operationalizing a power that has lain dormant since 1996.

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Legal Aid Union Alleges Unlawful Incentives To Break Strike

By Andrea Keckley

The Neighborhood Defender Services of Harlem union announced on the third workday of its strike Tuesday that it has filed unfair labor practice charges with the National Labor Relations Board, accusing its management of offering unlawful incentives to cross the picket line.

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Former Trump Lawyer Officially Takes The Helm At SDNY

By Hailey Konnath

James McDonald, a former Sullivan & Cromwell LLP partner who represented President Donald Trump in his appeal of his criminal conviction, was sworn in as U.S. attorney for the Southern District of New York on Wednesday after McDonald's predecessor Jay Clayton departed to serve as director of national intelligence.

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2nd Circ. Backs Ex-Shkreli Atty's 401(k) Restitution Deal

By Lauren Berg

A New York trial judge erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from tax penalties, the Second Circuit ruled Wednesday.

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DOJ Wants New Judge In Fired Court-Appointed US Atty's Suit

By Jack Karp

A lawsuit from the Seattle U.S. attorney who was swiftly fired from his post by President Donald Trump shortly after being appointed to it by a federal court should be reassigned to a different judge, the administration has told a Washington federal court.

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Segal McCambridge Settles Fired Secretary's Age Bias Suit

By Grace Elletson

Law firm Segal McCambridge Singer & Mahoney Ltd. has struck a deal to end a New York federal court suit from a former secretary who said her colleagues mistreated her because of her age, according to a Wednesday court filing.

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Comey Rips '86 47' Case, Says Warrants 'Misstated Facts'

By Lauren Berg

James Comey is taking another angle in his effort to dismiss an indictment stemming from a picture of seashells he posted on Instagram, telling a North Carolina federal judge that the government is pursuing the "vindictive" case because of President Donald Trump's "deep-seated animosity" toward the former FBI director.

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