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Private Equity

  • March 21, 2019

    Swiss Firm Takes French Biotech Co. Private For €730.1M

    Ares Life Sciences said Thursday it will snap up the rest of French allergy pharmaceutical company Stallergenes Greer it doesn’t already own in a 730.1 million euro ($832.5 million) deal guided by Skadden and Clifford Chance.

  • March 21, 2019

    Investor Wants Civitas Records To Probe $1.4B Sale

    A pension fund that invested in Civitas Solutions filed a complaint in Delaware Chancery Court on Thursday seeking access to records related to the health company’s $1.4 billion sale, saying the deal was seemingly inadequate and served as a needed quick cash-out for the company’s controlling private equity fund.

  • March 21, 2019

    Deals Rumor Mill: Lion Air, Ferretti, KKR

    Lion Air is getting ready to go public in its homeland of Indonesia, yacht maker Ferretti is getting ready to go public once again, and KKR is raising its debut real estate fund focused on Asia and is looking to reap $1.5 billion in investments.

  • March 21, 2019

    Tarana Secures $88M To Finish Developing New Radio Tech

    California-based Tarana Wireless said that it has landed $88 million in funding that will be used to complete development of new radio technology that aims to eliminate obstructions, interference and spectrum scarcity.

  • March 21, 2019

    Blackstone-Backed HR Provider Alight Hits Pause On IPO

    The Blackstone Group-backed human resources and benefits coordinator Alight Inc. said it will hold off on moving forward with an anticipated initial public offering that could have seen the company bring in approximately $752 million.

  • March 21, 2019

    $10M Buyout Sealed For Squeezed-Out Fla. Hospital Investors

    A Florida appeals court ruled in favor of three doctors who had bought an interest in a Miami hospital that later squeezed them out during a merger, affirming the award of $3.34 million each that they had requested instead of the $1.1 million they were each offered.

  • March 21, 2019

    Navitas, PE-Backed Consortium Strike $1.5B Takeover Deal

    Australia-based education provider Navitas, advised by Ashurst LLP, said in an Australian Stock Exchange filing on Thursday that it has agreed to an AU$2.1 billion ($1.5 billion) takeover offer from a consortium composed of BGH Capital and pension-fund manager AustralianSuper.

  • March 20, 2019

    What’s In A Judgeship? More Than Meets The Eye

    Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.

  • March 20, 2019

    Swamped: How Magistrate Judges Salvaged Louisiana's Judicial Crisis

    The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.

  • March 20, 2019

    $283M NCI Sale Not Motivated By Retirement, Chancery Says

    Investor claims that advanced age and retirement concerns motivated NCI Inc.’s controlling stockholder and founder to cash out through an allegedly unfair and inadequate $283 million go-private sale don’t “hold water,” Delaware’s chancellor said Wednesday in dismissing a challenge of the transaction.

  • March 20, 2019

    'Contradictory' Claims Can't Stand In $100M IP Dispute: Judge

    An Illinois federal judge found some of the allegations in a $100 million trade secrets fight lacking Wednesday, saying a company that helps data centers retain uninterrupted power during outages offers "contradictory and confusing" claims about a private equity-backed rival's purported misappropriation.

  • March 20, 2019

    Home Equity Startup Lands $122M In Funding

    Point, a financial technology startup that invests in home equity, said Wednesday that it secured $122 million in new funding that will be used to achieve the company's goal of serving more than 70 percent of U.S. homeowners by 2020.

  • March 20, 2019

    Deals Rumor Mill: Uniper, Fastly, A.S. Watson

    Uniper is reportedly discussing a deal with First State Investments to sell a stake in an Italian liquefied natural gas terminal, Fastly is said to have tapped Bank of America to lead a planned initial public offering, and Tencent and Abu Dhabi’s sovereign wealth fund are both eyeing part of a stake in health and beauty retailer A.S. Watson Group.

  • March 20, 2019

    Investors Claim Riverstone Misled Ahead Of $3.8B Deal

    A group of investors hit Riverstone Holdings LLC with a securities suit in Texas federal court Tuesday, alleging the energy private equity firm made misleading statements ahead of a unit's $3.8 billion acquisition of two companies.

  • March 20, 2019

    Chinese Broker Up Fintech Prices $104M IPO Above Range

    Chinese online brokerage Up Fintech Holding Ltd., represented by O'Melveny & Myers LLP, saw its shares soar Wednesday after the startup raised $104 million in an initial public offering that priced above range, coming two weeks after a strong debut for competitor Futu Holdings Ltd.

  • March 20, 2019

    2 Firms Steer Scotts' $234M Sale Of Lawn Care JV Stake

    Scotts Miracle-Gro Co. said Wednesday it will sell its stake in lawn service business TruGreen to Clayton Dubilier & Rice in a $234 million deal, ending a joint venture spanning over three years between the Skadden Arps Slate Meagher & Flom LLP-led lawn care products manufacturer and the Debevoise & Plimpton LLP-guided private equity firm.

  • March 20, 2019

    Starbucks To Invest $100M In Food, Retail Tech Startups

    Starbucks will invest $100 million in a venture capital fund focused on technology startups in the food and retail industries, the company said Wednesday ahead of its annual shareholder meeting.

  • March 20, 2019

    Ardian Notches €6.1B For 5th Infrastructure Fund

    Paris-based private equity firm Ardian revealed Wednesday that it has clinched its fifth infrastructure fund after collecting €6.1 billion ($6.9 billion) from limited partners, with plans to focus on transport, energy and other public infrastructure assets.

  • March 19, 2019

    ‘In A Timely Manner’: Three Decades Of Judgeship Bills

    Partisanship has played a large role in the small passage rate of new judgeship bills since 1990. New judgeships create new vacancies, and neither party wants to give the other the upper hand.

  • March 19, 2019

    From Showdowns To Hotlines, Frazzled Judges Get Creative

    Using magistrate hotlines, “showdown” hearings and extra mediation, many courts with heavy dockets have pioneered methods for moving cases along. But not every program succeeds, and the techniques have their detractors.

Expert Analysis

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • Tech Trends From SXSW Pose Unique Questions For Lawyers

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    These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.

  • In Bar Admissions Process, It's Candor Or Bust

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    You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.

  • 4 Key Issues In Rent-A-Center Case And A $127M Question

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    The Delaware Chancery Court's decision last week in Vintage v. Rent-A-Center is a stark reminder that courts will enforce the terms of a merger agreement as written. The issue to watch is whether Rent-A-Center will be entitled to the reverse termination fee, say attorneys at Cleary Gottlieb Steen & Hamilton LLP.

  • Series

    Judging A Book: Bashant Reviews 'Doing Justice'

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    My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.

  • Firms Can Leverage Communications When Economy Is Slow

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    Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.

  • Ethical Social Media Marketing For Lawyers

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    Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.

  • Q&A

    A Chat With Norton Rose Diversity Director Nina Godiwalla

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    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 Nina Godiwalla, director of diversity and inclusion at Norton Rose Fulbright.

  • 5 Mistakes Law Firms Make When Responding To RFPs

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    More and more corporations are now using requests for proposals to make data-driven decisions about which law firms to work with, so it is more important than ever for law firms to avoid common RFP mistakes, says Matthew Prinn of RFP Advisory Group.

  • How SEC Could Expand 'Test The Waters' Communications

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    A rule proposed last month by the U.S. Securities and Exchange Commission would expand the scope of "test the waters" communications rules, allowing more companies to communicate with institutional investors before an initial public offering. Attorneys at Proskauer Rose LLP discuss key takeaways for issuers, underwriters and other market participants.