Private Equity

  • September 22, 2020

    Taylor Wessing Reps On Planned £1B Housing JV

    Represented by Taylor Wessing, an EQT unit said Tuesday it's launched a joint venture with United Kingdom-based housing developer Sigma Capital to create a £1 billion portfolio of 3,000 rented homes.

  • September 22, 2020

    Debevoise-Led Blackstone Joins Insurer's $500M Fund Round

    Health insurance company Bright Health said Tuesday it secured $500 million in its latest financing round from investors including funds and accounts advised by Tiger Global Management, T. Rowe Price Associates and Debevoise-advised Blackstone.

  • September 22, 2020

    Printing Co. LSC Says It Needs Time To End Sale Objections

    Commercial printing company LSC Communications on Tuesday told a New York bankruptcy judge it may need just a few more days to reach an agreement with its unsecured creditors over its proposed sale to private equity firm Atlas Holdings LLC.

  • September 22, 2020

    Media-Focused SPAC Leads 3 IPOs Raising $590M Combined

    A White & Case-led special purpose acquisition company seeking to buy a business in the media and technology industries debuted in public markets Tuesday after raising $300 million, the largest of three recent SPAC initial public offerings that netted a total of $590 million.

  • September 22, 2020

    Chinese Electric Carmaker Fueled By $1.47B Funding Round

    Chinese electric carmaker WM Motor said Tuesday that it secured RMB 10 billion ($1.47 billion) in a funding round led by a Shanghai state-owned investor group that it will use to expand its reach and further develop its technology.

  • September 22, 2020

    PE Firm Mobeus Fights To Claw Back £14M Failed Investment

    Private equity firm Mobeus Equity Partners is suing a construction company after losing a £14 million ($17.8 million) investment when the company undershot its forecasts and went into administration.

  • September 22, 2020

    Simpson Steers Blackstone To $8B Real Estate Credit Fund

    The Blackstone Group, guided by Simpson Thacher, said Tuesday that it has wrapped up the largest real estate credit fund in history after raising $8 billion from investors, with plans to provide a variety of debt investment solutions across the globe.

  • September 21, 2020

    Justice Ginsburg: Who She Was, How She Shaped The Law

    Justice Ruth Bader Ginsburg died on Friday at age 87. Here, Law360 looks at the feminist icon's legacy and the battle brewing over her seat.

  • September 21, 2020

    Law360's The Term: The Life And Legacy Of Justice Ginsburg

    Justice Ruth Bader Ginsburg is among the few on the U.S. Supreme Court to have etched her name into legal history long before donning a robe. In a special episode this week, Law360's The Term dives into her legacy as a pioneering women's rights advocate with two guests who worked by her side. 

  • September 21, 2020

    Russian IT Provider Gets Doc Bid Nixed In Delaware

    A Delaware federal judge has denied a bid by a Russian IT provider to gather information from the U.S.-based private equity manager OEP Capital for use in a pair of London-seated arbitrations with $65 million in damages at stake, ruling that the proceedings don't qualify under the statute.

  • September 21, 2020

    Budding Textualist Star Barbara Lagoa Eyed For High Court

    Known as a budding superstar in Florida conservative legal circles, committed textualist Judge Barbara Lagoa could continue her lightning-quick ascent through the appellate ranks if President Donald Trump taps her for the now-vacant U.S. Supreme Court seat, where she would become the first Cuban-American, and first Floridian, to sit on the high court.

  • September 21, 2020

    McConnell Defends Election-Year Plan To Replace Ginsburg

    The Senate majority leader on Monday defended his plan to replace Justice Ruth Bader Ginsburg this year, while the House speaker said the late jurist will become the first woman to lie in state at the Capitol.

  • September 21, 2020

    Downing Venture Capital Head Cops To $8M Ponzi Scheme

    The head of purported Boston venture capital firm Downing Partners LLC pled guilty on Monday to securities and wire fraud charges in connection with what prosecutors called a "Ponzi-like" scheme to bilk dozens of Downing employee investors out of millions of dollars.

  • September 21, 2020

    Loughlin's 'Varsity Blues' Connection Pleads Guilty

    The private equity executive who connected actress Lori Loughlin and her clothing-designer husband with the mastermind of the "Varsity Blues" college admissions scheme pled guilty in Massachusetts federal court Monday to paying $40,000 in bribes to boost his own daughter's exam scores.

  • September 21, 2020

    Private Credit Fund Launches With $350M In Capital

    Canadian private credit fund FrontWell announced its launch Monday with US$350 million in capital from investors to help it provide debt financing to middle-market companies in the U.S. and Canada going through business transitions.

  • September 21, 2020

    Zohar Can't Get Tilton Suit Sent To Del. Bankruptcy Court

    A New York federal judge has denied the Zohar Funds' bid to transfer a dispute between the investment vehicles and founder Lynn Tilton so it can be heard alongside Zohar's Delaware bankruptcy case, saying the alleged conduct at issue in the fight over ownership of the funds' portfolio companies precedes the bankruptcy.

  • September 21, 2020

    'Panama Papers' Tax Dodger Sentenced To 4 Years In Prison

    A Manhattan federal judge sentenced an elderly Massachusetts businessman to four years in prison Monday for his long-standing efforts to evade U.S. taxes, which were exposed by the "Panama Papers" document leak from the Mossack Fonseca law firm.

  • September 21, 2020

    Chinese HR Services Provider Mulls Bid Valuing Co. At $5.3B

    China-based human resources services provider 51job Inc. said Monday it would form a special committee to evaluate a takeover bid from Chinese private equity firm DCP Capital Partners LP valuing it at about $5.3 billion.

  • September 21, 2020

    Payment Providers Fight To Force WEX To Close $1.7B Deal

    WEX shouldn't be able to use the coronavirus pandemic to escape a $1.7 billion deal for a pair of travel payment providers, the seller's lawyers said at trial Monday. 

  • September 21, 2020

    Asbestos Liability Fight Brewing In Garrett Motion Ch. 11

    The Chapter 11 case of auto parts maker Garrett Motion Inc. got off to a rocky start Monday in New York when former parent company Honeywell International Inc. alleged the bankruptcy proceeding was filed as a way for the debtor to escape more than $1 billion in asbestos liability.

  • September 21, 2020

    Cravath, Latham Craft $8B Deal For Cancer Detection Biz

    Biotechnology firm Illumina Inc. has agreed to buy Grail, a publicly traded cancer detection company it founded back in 2016, for roughly $8 billion, the two California-based companies said Monday, in a deal stitched together by Cravath and Latham & Watkins.

  • September 20, 2020

    Birthdays, Weddings And In Between: RBG And Her Clerks

    Justice Ruth Bader Ginsburg’s law clerks say that she brought the same level of care and dedication to her relationships with them as she did to the rest of her life. Here are some stories they shared, demonstrating how those qualities seeped into her relationships and interactions.

  • September 20, 2020

    Our 'North Star': What RBG Means To Women In Law

    Female attorneys around the country say they're devastated by the death of Justice Ruth Bader Ginsburg, a woman they looked to as a role model for candidly speaking out about the struggles she faced as a female lawyer integrating her work and family life, which made her a relatable icon.

  • September 20, 2020

    Will The Senate Replace Ginsburg Before Election Day?

    Senators return Monday to a chamber consumed with President Donald Trump's vow to quickly select a replacement for the late U.S. Supreme Court Justice Ruth Bader Ginsburg and cement a conservative majority for years to come.

  • September 20, 2020

    5 To Watch As GOP Races To Fill Ginsburg's Seat

    President Donald Trump has said he will name a woman to succeed the late Justice Ruth Bader Ginsburg on the U.S. Supreme Court. Here's a look at five candidates he could pick in the coming days.

Expert Analysis

  • Opinion

    The Case For A Nonpolitical Federal Judiciary

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    For the last 20 years, at the insistence of both parties, U.S. Supreme Court nominations have been fierce ideological battles — which is bad for the country and bad for the public's perception of the legitimacy of the court, say Judge Eric Moyé, Judge Craig Smith and Winston & Strawn partner Tom Melsheimer.

  • The Keys To A Better Privilege Logging Paradigm

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    Current privilege logging practices to identify what information is being withheld from discovery often lead to costly disputes, so practitioners should adopt a system based on trust and good faith, similar to the presumptions embedded in the business judgment rule for corporate directors and officers, say Kevin Brady at Volkswagen and Charles Ragan and Ted Hiser at Redgrave.

  • White House Due Process Memo Could Reform Enforcement

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    A little-noticed memo recently issued by the Trump administration in response to the pandemic, directing federal agencies to provide greater due process to individuals and companies under regulatory investigation, represents a long-overdue sea change in the way justice is carried out in enforcement proceedings, say Joan Meyer and Norman Bloch at Thompson Hine.

  • Chancery Ruling Offers Takeaways On Conflicts In M&A Sales

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    The Delaware Court of Chancery's recent decision in Rudd v. Brown — a challenge to Outerwall's $1.6 billion sale to Apollo — provides valuable insight in the context of conflicts of interest and director and officer fiduciary duties during M&A sales processes completed amid threats of activist-driven proxy contests, says Sawyer Duncan at King & Spalding.

  • Law Firm Hiring Considerations In A COVID-19 Economy

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    Financially robust law firms are entering the recruiting market aggressively knowing that dislocations like the COVID-19 crisis present rare competitive opportunities, and firms that remain on the sidelines when it comes to strategic hiring will be especially vulnerable to having their best talent poached, says Brian Burlant at Major Lindsey.

  • Hurdles Ahead For Stock Exchange Direct Listings

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    The U.S. Securities and Exchange Commission's recent approval of primary direct listings at the New York Stock Exchange suggests that companies wishing to bypass initial public offerings may soon have that option, but not without a fight over investor protection and liability concerns, say attorneys at Cleary.

  • Considerations For M&A Targets Holding PPP Loans

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    As businesses with Paycheck Protection Program loans examine potential sales, they should take into account how the structure of the transaction will impact their ability to utilize any unused portion of their PPP loan or to obtain loan forgiveness, say Michael Shaw and Peter Shepard at Much Shelist.

  • Opinion

    Lawyers Must Act To Preserve Democracy This Election

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    COVID-19 concerns and glaring gaps in registration threaten to dampen voter turnout in the 2020 election, so attorneys should take on the problem by leveraging their knowledge and resources in seven ways, says Laura Brill at Kendall Brill.

  • Best Practices For Health Care Mergers In The COVID-19 Era

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    Health providers considering consolidation as a result of the pandemic's impact should attempt to mitigate antitrust enforcers' concerns by substantiating a merger with evidence of cost and quality efficiencies and making efforts to seek competition-friendly alternatives, say attorneys at Shook Hardy.

  • M&A In The Energy Industry: 6 Current Trends

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    The COVID-19 pandemic and the oil price war between Saudi Arabia and Russia sent demand for oil plunging this year — but an abundance of distressed assets means that ample opportunities for mergers and acquisitions in the energy sector still exist, say attorneys at Winston & Strawn.

  • How To Effectively Defend Witnesses In Remote Depositions

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    When a witness is isolated from the defending lawyer during a remote deposition, carefully planning the logistics and building witness confidence are critical to avoiding damaging admissions, say Jessica Staiger at Archer Daniels and Alec Solotorovsky at Eimer Stahl.

  • Chancery Ruling Highlights Fraud Claim Risk For PE Sellers

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    The Delaware Chancery Court recently declined to dismiss fraud claims against private equity firm NGP Energy Capital in its sale of Agspring, reminding private equity sellers that they may be liable for a portfolio company's fraudulent representations, say attorneys at Fried Frank.

  • How The Pandemic Is Changing Stock Volatility Calculations

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    The COVID-19 pandemic is causing changes to beta measurement of stock sensitivity to market movements, and experts face the difficult question of whether to incorporate this changed beta into valuations in litigation, say Andrew Roper at Catalyst Economic Consulting and Clifford Ang at Compass Lexecon.

  • Whether And How To Compel Remote Arbitration

    Excerpt from Practical Guidance
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    As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.

  • Negotiating PE Sponsor Guarantees Amid Economic Unrest

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    As lenders look to deep-pocketed private equity sponsors amid the ongoing economic crisis, sponsors should understand how guarantees can enable struggling portfolio companies to access additional liquidity, and lenders will want to prepare for common touchpoints in negotiations, say Anastasia Kaup and Robert Horwath at Duane Morris.

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