Private Equity

  • November 28, 2023

    Fund Manager Sues SBA Over PPP Forgiveness Denial

    A California-based mutual fund manager has filed a lawsuit against the Small Business Administration and one of its administrators, alleging they unfairly denied forgiveness on a nearly $300,000 Paycheck Protection Program loan issued amid the COVID-19 pandemic.

  • November 28, 2023

    Software Firm Veea To Go Public In $281M SPAC Merger

    "Edge computing" software firm Veea Inc. and special-purpose acquisition company Plum Acquisition Corp. I on Tuesday unveiled a merger agreement that would take Veea public at an estimated $281 million value, guided by Ellenoff Grossman & Schole and Hogan Lovells.

  • November 28, 2023

    Proterra Gets OK For $210M Battery Biz Sale To Volvo

    A Delaware bankruptcy judge Tuesday gave electric-bus maker Proterra Inc. the go-ahead to sell its battery business to Volvo for $210 million after being told the bid was the best offer on the table.

  • November 28, 2023

    Fajr Capital-Led Consortium Paying $1B For Aster's Gulf Biz

    An Allen & Overy-advised consortium led by Dubai-based Fajr Capital has agreed to acquire 65% of hospital chain Aster DM Healthcare's Gulf Cooperation Council business for $1 billion, Fajr said Tuesday. 

  • November 28, 2023

    Ropes & Gray Steers Tower Arch Capital's $750M Fund Close

    Ropes & Gray LLP-advised Tower Arch Capital LP on Tuesday announced it had clinched its third private equity fund and a parallel investment vehicle with $750 million of capital commitments, which will be used to invest in lower-middle-market businesses.

  • November 28, 2023

    Sens. Question Anesthesia Co.'s 'Monopolistic' Model

    Sens. Elizabeth Warren and Richard Blumenthal have asked the CEO of U.S. Anesthesia Partners to rethink its "monopolistic business model" and its use of noncompete agreements among doctors.

  • November 28, 2023

    Law Firm Leaders Cautiously Optimistic Heading Into 2024

    Major U.S. law firms are steadfast in their commitment to the pursuit of further growth despite ongoing economic uncertainty. Here’s what the leaders of four Leaderboard firms have to say about how the legal industry is preparing for next year.

  • November 28, 2023

    The 2023 Law360 Pulse Leaderboard

    Check out the Law360 Pulse Leaderboard to see which first-in-class firms made the list this year.

  • November 28, 2023

    Bristol Myers Strikes Up To $2.3B Avidity Cardio Partnership

    Bristol Myers Squibb has struck a research partnership with Avidity Biosciences Inc. that could see the biopharmaceutical giant funnel up to $2.3 billion into the discovery, development and commercialization of certain treatments for cardiovascular disease, Avidity said Tuesday. 

  • November 28, 2023

    Nelson Mullins Hires Venture Capital Partner In Boston

    Nelson Mullins Riley & Scarborough LLP has hired a partner in Boston who focuses his practice on corporate law and venture capital matters, bringing with him more than two decades of legal experience, the firm recently announced.

  • November 27, 2023

    SEC's High Court Opponent Is A Supreme Court Newcomer

    The U.S. Securities and Exchange Commission on Wednesday will battle for the future of its administrative court with the help of a seasoned high court litigator, while the agency's challenger is placing his hopes on a loyal attorney who has yet to argue a case before the justices.

  • November 27, 2023

    Investment Co. Can't Send Coverage Suit Back To State Court

    A Connecticut federal court refused to send an investment firm's suit seeking coverage for an employment discrimination action back to state court, finding that the firm's insurer satisfied the requirements for removal.

  • November 27, 2023

    SEC Can't Get More Time To Fix 'Defects' In Buyback Rules

    A panel of the Fifth Circuit has denied the U.S. Securities and Exchange Commission's bid for additional time to rework its share-repurchase rules, meaning the agency's new disclosure requirements will remain suspended unless regulators craft a solution by a Thursday deadline.

  • November 27, 2023

    Elliott Slams Crown Castle For 'Profound Lack Of Oversight'

    Activist investor Elliott Investment Management LP on Monday took a jab at telecommunications company Crown Castle Inc., saying the company suffers from a "profound lack of oversight" and a "breathtaking magnitude" of underperformance, and calling for an executive shake-up if the company does not make significant changes.

  • November 27, 2023

    Crypto Game Co. Neon Says Investor Is 'Raiding' Its Coffers

    Six founders of blockchain gaming studio Neon Machine Inc. filed a derivative lawsuit on the company's behalf in Delaware's Court of Chancery on Monday, seeking to stop its controlling stockholder and new self-appointed CEO from destroying the company and "raiding or attempting to raid Neon's coffers."

  • November 27, 2023

    Proterra Pauses Bus Biz Sale After Customer Objections

    Electric bus company Proterra told a Delaware bankruptcy court it is delaying a hearing on the sale of its bus-building business in the wake of complaints that its chosen buyer doesn't have the ability to fulfill its customer contracts.

  • November 27, 2023

    Catching Up With Delaware's Chancery Court

    Delaware's Chancery Court stuffed a lot into a shortened Thanksgiving week, with new cases involving wrestling promoter Vince McMahon, billionaire Howard Lutnick and activist investor Carl Icahn.

  • November 27, 2023

    Sullivan & Cromwell Guides $800M L3Harris Aviation Unit Sale

    Sullivan & Cromwell-advised L3Harris Technologies said Monday it has agreed to sell its commercial aviation business to New York-based private equity firm TJC LP for $800 million.

  • November 27, 2023

    Beard Energy Transition SPAC Axes Tie-Up With Solar Biz

    Blank-check company Beard Energy Transition Acquisition Corp. and solar and home energy solutions company Suntuity Renewables jointly announced Monday they have called off their planned merger that would have taken Suntuity public at a pro forma enterprise value of $249 million.

  • November 27, 2023

    Latham-Led PE Firm Clinches $1.1B Infrastructure Credit Fund

    Latham & Watkins LLP-advised alternative asset manager DigitalBridge Group Inc. announced Monday that it clinched its inaugural digital infrastructure credit fund with more than $1.1 billion of aggregate commitments, including related co-investment commitments.

  • November 27, 2023

    Gowling Guides VC Molten's £41M Tech Investor Buyout

    Molten Ventures PLC said Monday it has agreed to buy technology investment specialist Forward Partners in a £41.4 million ($52.2 million) deal as it seeks to benefit from a "buyer's market" in venture capital.

  • November 27, 2023

    Paul Hastings Hires NY Investment Funds Atty From Skadden

    Paul Hastings LLP has continued its investment funds and private capital practice growth by adding an investment funds partner in New York from Skadden Arps Slate Meagher & Flom LLP.

  • November 24, 2023

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

    The past week in London has seen Glencore face a claim from collapsed hedge fund Eton Park in the wake of its bribery scandal, the ex-CFO of Peppa Pig and Teletubbies toymaker bring data protection proceedings against the employment barrister who represented him at tribunal, and Delta Airlines check in to fresh trademark proceedings against hotel chain Marriott. Here, Law360 looks at these and other new claims in the U.K.

  • November 23, 2023

    CMA Blows Cold Air On Wolseley's Deal For Aircon Biz

    Britain's antitrust authority said Thursday that a proposed bid by Wolseley Group Ltd. for Kooltech Ltd. could result in higher prices and lower quality services for customers in the Scottish city of Aberdeen.

  • November 22, 2023

    Icahn Investor Sues In Del. Over Alleged Ponzi Scheme

    A unitholder and limited partner of Icahn Enterprises LP has sued the partnership and affiliate Icahn Enterprises GP Inc. in Delaware's Court of Chancery, seeking to inspect the company books in response to an analyst's report that it is operating a "Ponzi-like economic structure."

Expert Analysis

  • Series

    ESG Around The World: Mexico

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    ESG has yet to become part of the DNA of the Mexican business model, but huge strides are being made in that direction, as more stakeholders demand that companies adopt, at the least, a modicum of sustainability commitments and demonstrate how they will meet them, says Carlos Escoto at Galicia Abogados.

  • The Case For Post-Bar Clerk Training Programs At Law Firms

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    In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.

  • SEC Whistleblower Action Spotlights Risks For Private Cos.

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    The U.S. Securities and Exchange Commission’s recent whistleblower action against Monolith Resources holds important implications for private companies, who could face unprecedented regulatory scrutiny amid the agency's efforts to beef up environmental, social and governance reporting and enforcement, say attorneys at Wiley.

  • Attorneys Have An Ethical Duty To Protect The Judiciary

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    The tenor of public disagreement and debate has become increasingly hostile against judges, and though the legislative branch is trying to ameliorate this safety gap, lawyers have a moral imperative and professional requirement to stand with judges in defusing attacks against them and their rulings, says Deborah Winokur at Cozen O'Connor.

  • Cross-Market Implications In FTC's Anesthesia Complaint

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    The Federal Trade Commission's recent complaint against a private equity firm's acquisition of anesthesiology practices highlights the controversial issue of cross-market harm in health care provider mergers, and could provide important insights into how a court may view such theories of harm, say Christopher Lau and Dina Older Aguilar at Cornerstone Research.

  • Why The Debt Maturity Wall Is Still A Figment, For Now

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    While the phenomenon of the debt maturity wall — a growing wall of staggered corporate debt maturities — has been considered a looming problem since the aftermath of the 2008 global financial crisis, it’s unlikely to have significant consequences before 2025 due to factors such as quantitative easing and evolved lending practices, says Michael Eisenband at FTI Consulting.

  • AI Can Help Lawyers Overcome The Programming Barrier

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    Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.

  • Are CCOs Really In The SEC's Crosshairs?

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    U.S. Securities and Exchange Commission Enforcement Director Gurbir Grewal recently gave a speech to address the concerns of chief compliance officers in light of recent enforcement actions taken against them, but CCOs need to understand when to push back against management, quit, or report issues to the board or to regulators, say Brian Rubin and Adam Pollet at Eversheds Sutherland.

  • Breaking Down The SEC's 2024 Examination Priorities

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    The U.S. Securities and Exchange Commission’s recently released examination priorities for the year ahead signal a steady course from prior years, but they also include some specific new concerns and important twists on perennial risk areas, say Kurt Gottschall and Kit Addleman at Haynes Boone.

  • Preparing Law Students For A New, AI-Assisted Legal World

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    As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.

  • SEC Fines Mean Cos. Should Review Anti-Whistleblower Docs

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    The Securities and Exchange Commission’s expanding focus on violations of whistleblower protection laws — as seen in recent settlements where company contracts forbade workers from reporting securities misconduct — means companies should review their employment and separation agreements for language that may discourage reporting, says Caroline Henry at Maynard Nexsen.

  • Series

    ESG Around The World: South Korea

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    Numerous ESG trends have materialized in South Korea in the past three years, with impacts ranging from greenwashing prevention and carbon neutrality measures to workplace harassment and board diversity initiatives, say Chang Wook Min and Hyun Chan Jung at Jipyong.

  • General Counsel Need Data Literacy To Keep Up With AI

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    With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.

  • Navigating Discovery Of Generative AI Information

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    As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.

  • Finding Focus: Strategies For Attorneys With ADHD

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    Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.

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