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Private Equity

  • January 15, 2019

    Oxbow Carbon Must Pay Up In Chancery Records Dispute

    A Delaware vice chancellor ordered Oxbow Carbon LLC to pay $60,000 in fees to minority investors who won an order compelling the sale of William Koch’s multibillion-dollar energy company and then sued for records on its payments to the founder's personal attorney at Mintz Levin Cohn Ferris Glovsky and Popeo PC.

  • January 15, 2019

    US Trustee Rips Bankrupt Makeup Co.'s $1.4M Exec Bonus Bid

    The U.S. Trustee’s Office on Tuesday asked a New York bankruptcy court to deny cosmetics maker Glansaol Holdings Inc.’s request to pay up to $1.4 million in executive bonuses, saying there was no proof the goals are a stretch or that bonuses won’t be going to insiders.

  • January 15, 2019

    Tower Infrastructure Co. Nabs $300M PE Investment

    North Carolina-based telecommunications tower provider TowerCo LLC on Tuesday unveiled a partnership with Peppertree Capital Management Inc., under which the private equity firm will pour in $300 million in new capital.

  • January 15, 2019

    Deals Rumor Mill: Nexi Group, Arconic, Katerra

    Nexi Group’s owners have reportedly tapped Evercore to counsel the company on potential plans to go public, Apollo Global Management is getting close to dropping more than $10 billion to buy Arconic, and SoftBank’s Vision Fund is expected to helm a $700 million funding round for Katerra.

  • January 15, 2019

    Cloud Data Co. Rubrik Nabs $261M In Series E Funding Round

    Cloud data management company Rubrik on Tuesday said it pocketed $261 million in a Series E funding round that boosted the Palo Alto, California-based company’s value to $3.3 billion.

  • January 15, 2019

    3 Firms Shepherd $275M Deal For PE-Backed AppRiver

    Security technology company Zix Corp. has agreed to buy cloud-based cybersecurity services provider AppRiver from private equity firm Marlin Equity Partners for $275 million in cash, the companies said Tuesday, in a deal steered by Baker Botts LLP, Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP.

  • January 15, 2019

    Pulling Up Stakes: Shearman, DLA Piper, Latham

    In our latest roundup of deal makers on the move, Shearman & Sterling LLP adds some capital markets firepower in Houston, DLA Piper hires an M&A and private equity pro in Washington, D.C., and Latham & Watkins LLP beefs up its private equity practice with a pair of partners in New York.

  • January 15, 2019

    Medici Living, W5 Group Investing $300M In Co-Living

    Co-living brand Quarters' parent company, Medici Living Group, and private equity shop W5 Group have reached a deal to invest a combined $300 million over the next three years to develop 1,300 co-living units in the United States, the companies announced Tuesday.

  • January 15, 2019

    Weil Steers Tritium Partners In $465M Second Fund Closing

    Texas-based private equity firm Tritium Partners LP, advised by Weil Gotshal & Manges LLP, on Tuesday said its second buyout fund hit its final close with $465 million in committed capital, well above its $375 million target.

  • January 14, 2019

    Deals Rumor Mill: Etihad, Viacom, Saudi Aramco

    Etihad Airways reportedly plans to raise its stake in Indian carrier Jet Airways, Viacom is discussing a deal to sell off a majority stake in some of its operations in China and Saudi Aramco is likely to help fund its SABIC deal with a roughly $10 billion bond sale.

  • January 14, 2019

    KREF Closed 7 Senior Loans Worth $908M In Q4 2018

    KKR Real Estate Finance Trust Inc. on Monday said it closed seven floating-rate senior loans in New York, Florida, California and Pennsylvania in the fourth quarter of 2018 that amount to a combined $908 million, bringing its year-end total to $2.7 billion.

  • January 14, 2019

    New Fortress Energy Lauches $400M IPO Amid Shutdown

    New Fortress Energy LLC, a gas-to-power business affiliated with private equity firm Fortress Investment Group LLC, moved forward on an initial public offering Monday despite the government shutdown, setting a price range on an estimated $400 million IPO.

  • January 14, 2019

    Pharmacy, PE Fund Back Judge's Trim Of $70M FCA Suit

    A compounding pharmacy and its private equity fund owner blasted the government’s objections to a Florida federal magistrate judge’s recommendation to cut a False Claims Act allegation from litigation over their purported $70 million kickback scheme, arguing Friday that the suit doesn’t show they made false certifications to Tricare.

  • January 14, 2019

    Kirkland, Skadden Aid On L'Occitane's $900M Skincare Deal

    Private equity-backed luxury skincare brand Elemis has agreed to be acquired by high-end cosmetics company L'Occitane International SA in a deal worth $900 million, the companies said Monday, in a deal guided by Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP.

  • January 14, 2019

    O'Melveny Leads Coller Capital On $1B Investcorp Deal

    Coller Capital announced Monday it will underwrite a $1 billion fund consisting of assets from the portfolio of Bahrain-based investment adviser Investcorp, with O’Melveny & Myers LLP steering the private equity secondary market investor.

  • January 14, 2019

    4 Firms Assist On Merger Creating $4.2B Data Science Biz

    Churchill Capital Corp. and private equity-backed Clarivate Analytics have agreed to merge and create a single company with an enterprise value of about $4.2 billion that will be publicly listed, in a deal guided by Blank Rome LLP, Paul Weiss Rifkind Wharton & Garrison LLP, Latham & Watkins LLP and Ropes & Gray LLP.

  • January 11, 2019

    The Firms That Dominated In 2018

    Law360's top four Firms of the Year notched a combined 32 Practice Group of the Year awards after successfully securing wins in bet-the-company matters and closing high-profile, big-ticket deals for clients throughout 2018.

  • January 11, 2019

    Law360 Names Practice Groups Of The Year

    Law360 congratulates the winners of its 2018 Practice Group of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.

  • January 11, 2019

    Chancery OKs $2M Settlement For Louisville Bedding Class

    A Louisville Bedding Co. shareholder class won Chancery Court approval Friday for a $2.1 million settlement of claims that a management-led group took remnants of the business private for an unfair price after first amassing millions in cash through the sale of most company assets.

  • January 11, 2019

    Uncertain Deals Climate Persists After JPMorgan Conference

    Excitement for stock sales and acquisitions was somewhat restrained at this year’s JPMorgan’s health care conference, according to several attorneys who attended the event in San Francisco that concluded Thursday, given uncertainties caused by market volatility and the government shutdown.

Expert Analysis

  • Why AFAs Are Key To The Future Of Legal Practice

    Kelly Eisenlohr-Moul

    Alternative fee agreements can help align law firm and client interests, increase efficiency and eliminate corporate extortion, among other benefits. They are the best thing to happen to the practice of law in decades, says Kelly Eisenlohr-Moul at Dinsmore & Shohl LLP.

  • New US Development Entity Will Spur Investment In Africa

    Thomas Trimble

    The global emerging-markets private equity community is abuzz with the prospect of a new U.S. development funding institution coming on the scene this year that is expected to increase competition among existing funding institutions and spur first-time investment, especially in Africa, say Thomas Trimble and John Bryant of Winston & Strawn LLP.

  • Series

    Judging A Book: Barron Reviews 'The Clamor Of Lawyers'

    Judge David Barron

    Can lawyers lead a revolution? According to "The Clamor of Lawyers: The American Revolution and Crisis in the Legal Profession" — a slim but elegant volume by Peter Charles Hoffer and Williamjames Hull Hoffer — they can and they did, says First Circuit Judge David Barron.

  • Handling Corporate Congressional Probes In The Trump Era

    John Hellerman

    President Donald Trump’s approach to crisis communications has changed the game enough to demand companies' consideration of a whole new set of options. John Hellerman of Hellerman Communications and Bill Pittard of KaiserDillon PLLC discuss whether corporations can successfully use similar tactics.

  • Common Stockholders Can Wa[i]ve Appraisal Rights Goodbye

    Morgan Mordecai

    The Delaware Court of Chancery recently held that language in an agreement requiring minority stockholders to waive appraisal rights was enforceable. Though the case is already on appeal, practitioners should make sure agreements with drag-along rights include unambiguous waiver provisions whenever possible, say attorneys at Goodwin Procter LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 2

    Peter Jarvis

    Lawyer-directed nonrecourse litigation funding is more likely to protect a lawyer's exercise of independent professional judgment than traditional means of litigation finance, and furthermore enables worthwhile cases that otherwise could not be funded, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • Trends Suggest Cartel Enforcers Face Headwinds In 2019

    John Terzaken

    Judged purely by enforcement statistics, 2018 was a down year for cartel enforcement. But authorities are training their sights on new sectors, theories and targets, and considering additional ways to further sharpen their enforcement stick and sweeten the leniency pot, say John Terzaken and Elizabeth French of Simpson Thacher & Bartlett LLP.

  • Opinion

    The Case For Lawyer-Directed Litigation Funding In NY: Part 1

    Peter Jarvis

    Contrary to what the New York City Bar Association concluded in an ethics opinion last year, lawyer-directed nonrecourse commercial litigation funding does not violate New York rules on sharing fees with nonlawyers, say Peter Jarvis and Trisha Thompson of Holland & Knight LLP.

  • 7 Questions To Add To Your Lateral Partner Questionnaire

    Howard Rosenberg

    Law firms should redesign the vetting process for lateral candidates so it directly addresses sexual harassment and assault issues, says Howard Rosenberg of Decipher.

  • Q&A

    A Chat With Reed Smith Chief Marketing Officer Sadie Baron

    Sadie Baron

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Sadie Baron, chief marketing officer at Reed Smith LLP.