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Private Equity

  • November 13, 2018

    Sears Seeks Emergency Motion To Sell $900M In Debt

    Sears is asking a New York bankruptcy court for an emergency motion to put $900 million in intercompany debt up for sale, saying it has a limited window to turn the debt into cash before the company's credit default swaps go on the block.

  • November 13, 2018

    Real Estate Rumors: Carlyle, Bloomberg, Charter Schools USA

    A Carlyle Group venture has reportedly sold a Florida apartment complex for $67.25 million, Bloomberg LP is said to have renewed a 468,000-square-foot lease for space in Manhattan and Charter Schools USA has reportedly bought one of its schools in Florida for $10.5 million.

  • November 13, 2018

    Deals Rumor Mill: WeWork, Aramco, BMW

    WeWork nabbed $3 billion from SoftBank, Saudi Aramco still plans to go public, and BMW is talking to banks while it weighs selling off its credit card unit.

  • November 13, 2018

    TCV Leads $120M Investment Into Travel Marketing Startup

    Tech-focused private investment firm TCV is leading a $120 million funding round for Sojern, a San Francisco-based travel marketing startup that analyzes data to help hotels, airlines and other travel industry businesses connect with customers, the companies said on Tuesday.

  • November 13, 2018

    Cloud Security Co. Netskope Closes $168.7M Funding Round

    Cloud security company Netskope on Tuesday said it reaped $168.7 million in a venture capital-backed Series F funding round led by California-based Lightspeed Venture Partners.

  • November 13, 2018

    3 Firms Guide PE Firm’s $655M Sale Of Sonneborn

    One Equity Partners has agreed to sell specialty hydrocarbon chemicals business Sonneborn to Dallas-based oil refining company HollyFrontier Corp. for $655 million, the companies said Tuesday, in a deal piloted by Baker McKenzie, Morgan Lewis & Bockius LLP and Wachtell Lipton Rosen & Katz.

  • November 13, 2018

    Simpson Thacher Leads Johnson Controls In $13.2B Unit Sale

    Johnson Controls, advised by Simpson Thacher & Bartlett LLP, said Tuesday it will sell its power solutions business for $13.2 billion to Brookfield Business Partners LP and other investors, as the technology and industrial company looks to cut noncore assets and improve its financial position.

  • November 12, 2018

    Veritas, Evergreen To Take Athenahealth Private For $5.7B

    Veritas Capital and Elliott Management affiliate Evergreen Coast Capital said Monday they will take Massachusetts-based Athenahealth private for $5.7 billion in cash, a deal that follows pressure from the activist hedge fund.

  • November 9, 2018

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

    The last week has seen a pair of disputes involving asset manager CGrowth, another suit from private equity-linked firms taking on parties linked to Thailand's KPN Group and Kodak bring a competition case against Goldman, Glencore and others the film giant has accused of manipulating aluminum prices in the U.S. Here, Law360 looks at those and other new claims in the U.K.

  • November 9, 2018

    $5M Frozen For Chancery Battles Over $52M Good Tech Deal

    Good Technology Corp. stockholder beneficiaries of a $52 million pair of Delaware Chancery Court settlements over the company’s disputed sale to BlackBerry Ltd. have agreed to hold back $5.1 million from distributions pending resolutions with large investors excluded from the deal.

  • November 9, 2018

    Deals Rumor Mill: BlackBerry, Permira, ADM

    BlackBerry is discussing a deal to buy Cylance Inc., Permira wants to sell off Teraco Data Environments, and Archer Daniels Midland floated a deal to buy Molinos Agro’s livestock feed and soy oil manufacturing plant.

  • November 9, 2018

    Nine West, Creditors Ordered To Mediate Ch. 11 Disputes

    A New York bankruptcy judge on Friday appointed a mediator to try to resolve disputes between Nine West Holdings, owner Sycamore Partners and a number of the company’s creditors over the fashion retailer’s Chapter 11 plan.

  • November 9, 2018

    Idelic Closes $2M Funding Round Led By Bain Capital

    Pittsburgh-based Idelic, which specializes in software aimed at improving transportation safety, has closed a $2 million round of financing led by Bain Capital Ventures and overseen by Pepper Hamilton LLP, the firm announced Friday.

  • November 9, 2018

    Taxation With Representation: Kirkland, Vinson, Wachtell

    In this week’s Taxation With Representation, Thoma Bravo inks a $950 million deal with Broadcom Inc. for Veracode, Newell Brands sells off its fishing business and memorabilia manufacturer for $2.5 billion, Western Gas Partners nabs Anadarko Petroleum Corp. midstream energy assets for $4 billion, and Edenred SA buys Corporate Spending Innovations for $600 million.

  • November 9, 2018

    Welltower-Hines JV Picks Up Manhattan Development Site

    A joint venture of health care real estate investment trust Welltower Inc. and Hines Interests LP has purchased a development property on Broadway in Manhattan and plans to build a senior living and memory care facility at the site, the companies announced on Friday.

  • November 9, 2018

    3 Firms Shepherd $3.2B Merger Of Fiber Optic Cos.

    Finisar Corp., a formerly private equity-owned fiber optic supplier, has agreed to a roughly $3.2 billion cash-and-stock merger with peer II-VI Inc., the companies said Friday, in a deal steered by K&L Gates LLP, Sherrard German and Kelly PC, and O’Melveny & Myers LLP.

  • November 9, 2018

    What Attys Must Know About Tech M&A For Non-Tech Clients

    As technology continues to become ingrained in all aspects of society, companies not considered to be part of the tech sector are increasingly looking to bolster their businesses through tech mergers and acquisitions, and attorneys well-versed in all things tech will be highly sought after to advise on the unique challenges that can arise in such deals.

  • November 9, 2018

    Don’t Miss It: Vinson, Latham Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Vinson & Elkins and Latham & Watkins. Here, Law360 recaps the ones you might have missed.

  • November 8, 2018

    CORRECTED: Toys R Us Makes Virginia Push To Confirm Ch. 11 Plan

    Toys R Us Inc. is urging a Virginia bankruptcy court to approve its Chapter 11 plan, saying that the plan has been approved by the creditors and that the remaining objections should be dismissed.

  • November 8, 2018

    Deals Rumor Mill: Home Partners, Denel, Wells Fargo

    Home Partners of America is considering going public, Saudi Arabia lobbed a $1 billion offer to ink a partnership with Denel, and Wells Fargo is considering selling off its retirement plan services unit.

Expert Analysis

  • 3rd-Party Releases Bring Chapter 11 Venue Considerations

    Samuel Schwartz

    Courts are increasingly upholding involuntary releases of third parties and nondebtors in bankruptcy, including recently in the case of Millennium Lab Holdings. This means parties should consider several factors when picking a venue for a Chapter 11 filing, say Samuel Schwartz and Kristina Perez of Brownstein Hyatt Farber Schreck LLP.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • Shaping Health Care In America Through M&A And Innovation

    Mark Goran

    Research conducted by our firm explores two different kinds of health care transactions, shedding light on why they are occurring and areas where we expect to see future deals proliferate, say Mark Goran and Michael Dolan of Polsinelli PC.

  • What To Expect From New Democratic Investigation Efforts

    Reginald Brown

    The new Democratic House majority is expected to direct much of its attention to executive branch oversight and accountability. Companies and their legal counsel should be prepared for a dramatically changed collateral environment as investigations cover a wide range of topics, say attorneys at WilmerHale.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.

  • Opinion

    Celebrate Veterans By Improving Their Access To Justice

    Linda Klein

    Attorneys should think beyond the Veterans Day parades and use their time and talents to help the many veterans facing urgent legal issues, says Linda Klein of Baker Donelson Bearman Caldwell & Berkowitz PC.

  • Beware FCPA Risks When Courting Foreign Investment

    Brandt Leibe

    As the growth of foreign direct investments in the U.S. continues, companies and their employees should focus on the risk that they are interacting with “foreign officials” — as defined by the Foreign Corrupt Practices Act and the courts — even if that interaction takes place entirely within the U.S., say attorneys with King & Spalding LLP.

  • Opinion

    Time To Reclaim Wellness For All Lawyers

    Leesa Klepper

    The decision last month by Baker McKenzie’s global chairman to step down due to exhaustion indicates that the legal profession needs to mount a broader wellness effort to address long hours, high stress, frequent travel and the daily demands of practice, says Leesa Klepper, director of Thrivewell Coaching.

  • The Challenge Iran Sanctions Pose For EU Operators

    Michael Casey

    On Nov. 5, the United States will reimpose economic sanctions that target Iran but will also impact many European companies. The interaction between U.S. and EU sanctions regimes will create novel legal issues and compliance challenges for European companies with ties to the U.S., say attorneys at Kirkland & Ellis LLP.

  • An In-Depth Guide To The Opportunity Zone Guidance: Part 2

    Marc Schultz

    Last month, the U.S. Department of the Treasury released proposed regulations for the new opportunity zone program. In the concluding part of this series, Marc Schultz of Snell & Wilmer LLP analyzes the guidance as it pertains to opportunity zone businesses and opportunity zone business property.