Private Equity

  • July 19, 2019

    11 Firms To Guide 7 IPOs Exceeding $1.4B As July Stays Hot

    Eleven firms are set to guide eight initial public offerings estimated to raise more than $1.4 billion during the week of July 22, continuing a sizzling stretch on the IPO schedule highlighted by a Chinese sports marketing giant and a wide gamut of issuers.

  • July 19, 2019

    UK Raises Antitrust Concerns Over $585M Plastics Deal

    The U.K.’s antitrust enforcer threatened Friday to subject a $585 million plastic packaging deal to extra merger scrutiny unless the companies propose adequate fixes for concerns over the reduction in the number of British liquid packaging suppliers the merger would cause.

  • July 19, 2019

    Don’t Miss It: Mayer Brown, Hogan Lovells Lead 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 Mayer Brown and Hogan Lovells. Here, Law360 recaps the ones you might have missed.

  • July 19, 2019

    Deals Rumor Mill: Cummins, Coface, Atlantis

    Cummins has made an offer for MAN Energy Solutions, Apollo Global Management has offered to buy French credit insurer Coface, and Brookfield Asset Management is considering selling luxury Bahamian resort Atlantis Paradise Island Resort.

  • July 19, 2019

    Real Estate Rumors: Blackstone, Hasta Capital, Shorewood

    Blackstone is reportedly seeking to sell $1 billion or more of logistics assets that it will soon acquire, Hasta Capital is said to have picked up a Florida apartment complex for $23.2 million and Shorewood Development Group is reportedly buying four Chicago buildings from Nealey Foods.

  • July 19, 2019

    Perkins Coie Adds Middle-Market M&A Pro From Kirkland

    Perkins Coie LLP has brought on board a partner in its Chicago office who will focus on middle-market mergers and acquisitions for private equity companies and other matters, the firm has announced.

  • July 19, 2019

    Top Aston Martin Shareholder Lobs £68M Bid For More Shares

    An indirect subsidiary of Aston Martin’s largest shareholder on Friday said it has offered to snap up an additional 3% stake in the luxury car maker for roughly £68.4 million ($85.5 million).

  • July 19, 2019

    3 Cos. Raise $1B In IPOs Led By Peruvian Asset Manager

    A trio of companies, including a Latin American asset manager, made their public debuts Friday, hitting the market a day after pricing shares in initial public offerings that brought in a total of $1 billion.

  • July 19, 2019

    What Attys Must Know To Steer Sovereign Wealth Funds

    Sovereign wealth funds rival their private-sector counterparts in market share and are helping fuel the development of emerging industries, but their varied approach means attorneys who advise them must prepare to navigate uncharted waters.

  • July 19, 2019

    6 PE Trends That Are All The Rage Right Now

    The private equity industry is constantly evolving as fund managers seek to continue producing strong returns, and the first half of 2019 has seen firms try novel approaches. Here, Law360 explores six trends that have been all the rage through the first two quarters of the year.

  • July 18, 2019

    Simpson Thacher Guides $14B Blackstone Infrastructure Fund

    Blackstone's infrastructure fund raised $14 billion in the final close of its inaugural fundraising round, putting the Simpson Thacher-guided vehicle among the world's three largest infrastructure funds, Blackstone said Thursday.

  • July 18, 2019

    Warren Attacks PE Firms For 'Legalized Looting' With New Bill

    Sen. Elizabeth Warren, D-Mass., called for greater regulation of private equity firms Thursday with legislation intended to quell what she dubbed the “legalized looting” of portfolio companies.

  • July 18, 2019

    Deals Rumor Mill: AB InBev, AT&T, Axalta

    AB InBev is reportedly mulling selling off assets after the company scrapped a planned Hong Kong offering of its Asia Pacific unit, AT&T is looking at options for its Puerto Rican business, and Axalta Coating Systems is exploring a sale.

  • July 18, 2019

    DOJ Clears Fiserv's $22B Acquisition Of First Data

    After seeking additional information last April, the U.S. Department of Justice has cleared financial services companies Fiserv Inc. and First Data Inc. to push on with their proposed $22 billion tie-up.

  • July 18, 2019

    Akin Gump Brings Debt Finance Partner To NY Office

    Akin Gump Strauss Hauer & Feld LLP announced Thursday that it’s bolstering its corporate practice by bringing a debt finance attorney from Stroock & Stroock & Lavan LLP as a partner into its New York office.

  • July 18, 2019

    Investors Slam Camping World's Bid To Toss Stock-Drop Suit

    A putative class of investors urged an Illinois federal court not to toss their suit against Camping World Holdings Inc., saying "operational challenges" and a failure to predict the future by its leadership still meant it misled investors.

  • July 18, 2019

    5 Cos. Price IPOs Totaling $1.1B, Led By Danish Biotech Firm

    Five companies’ shares began trading on U.S. exchanges Thursday after the companies, led by a Danish biotechnology firm, priced initial public offerings that together raised nearly $1.1 billion.

  • July 18, 2019

    Mobile Banking Co.'s Late Push Brings Fundraise To $470M

    Mobile banking platform N26 on Thursday said a renewed fundraising effort brought the company's latest funding round to $470 million, as the German technology unicorn sets its sights on expansion and increased product offerings across Europe, the U.S. and Brazil.

  • July 18, 2019

    CVC Snags €4.6B For Latest Longer-Term Investment Fund

    CVC Capital Partners on Thursday said a new fund brought in €4.6 billion ($5.1 billion), with the Simpson Thacher-led firm setting its sights on another platform for long-term investments amid a growing interest in these so-called strategic opportunity vehicles.

  • July 18, 2019

    Kirkland Leads Stonegate's £1.27B Deal For Pub Owner Ei

    Private equity-backed pub operator Stonegate, led by Kirkland, will snap up Ei Group for £1.27 billion ($1.42 billion) in cash, in a deal that stands to add the U.K.’s largest pub owners to Stonegate’s portfolio, according to a Thursday announcement.

  • July 17, 2019

    'May I Just Ask': Era Of Civility Passes With Justice Stevens

    Former clerks and attorneys remember Justice John Paul Stevens, who died Tuesday night at the age of 99, for his trenchant mind and his unending civility. Does his passing mark an end to an era of collegiality on the bench?

  • July 17, 2019

    Justice Stevens' Chevron Legacy Under Attack

    Justice John Paul Stevens' landmark decision in Chevron USA Inc. v. NRDC shaped the course of administrative law, and his legacy, for decades. But a recent wave of criticism shared by members of the current court threatens to erase a doctrine that has long bolstered federal regulators' sway over corporate America.

  • July 17, 2019

    'Kindness, Humility, Wisdom': Justices Remember Stevens

    A day after retired U.S. Supreme Court Justice John Paul Stevens died at the age of 99, his colleagues paid tribute to the third-longest-serving member of the high court, cherishing his devotion to public service, his kindness and his unwavering commitment to justice.

  • July 17, 2019

    The Stories They Tell About Justice Stevens

    Justice John Paul Stevens had a legendary reputation as one of the most humble and caring members of the court. His clerks related some tales that show why.

  • July 17, 2019

    Hear Justice Stevens In 5 Memorable Moments On The Bench

    Justice John Paul Stevens was known for being collegial and kind, but he also wasn’t one to mince words. Listen to a few of the justice’s most memorable words from the bench, in majority opinions, sharply worded dissents and at oral argument.

Expert Analysis

  • Remembering Justice Stevens As A Law Firm Leader

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    Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.

  • Answers To Key Legal Finance Ethics Questions

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    While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.

  • How The SEC Could Expand Access To Private Offerings

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    The U.S. Securities and Exchange Commission is seeking public comment on whether the definition of an "accredited investor" should be expanded to increase access to private securities placements. The move may be a response to growing complaints that small investors are being shut out of these higher-return offerings, says David Stockton of Kilpatrick Townsend.

  • Federal Agencies Need A Uniform Record-Keeping Process

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    The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.

  • The Role Of Dictionaries In Last Term's High Court Decisions

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    Since 32 of the 67 decisions issued by the U.S. Supreme Court during its October term cite dictionaries, it’s worth reviewing the opinions to learn which dictionaries the justices consulted and how they used them, say Bruce Wessel and Brian Weissenberg of Irell & Manella.

  • How To Evaluate The Rise In Legal Employment

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    Although the rate of employment for law school graduates — which had been falling steadily — saw a small increase over the last year, other factors, such as fewer graduates overall and potential future job growth stagnation, temper the good news for those pursuing law degrees, say Tiffane Cochran and Tyler Grimm of AccessLex Institute.

  • When FCPA Violations Turn Into Private Securities Cases

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    In recent cases like Doshi v. General Cable Corp., plaintiffs attorneys have tried to use company disclosures of government investigations or settlement agreements with regulators to craft private claims for corporate bribery. There are a few things companies might consider to limit their exposure to such claims, say attorneys at DLA Piper.

  • Buyers' Immunity Under Employment Law Is A Myth

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    Amid flush midyear M&A projections, asset purchasers should count on retaining successor liability under federal employment statutes, instead of relying on the rarely upheld three-part liability test to protect them, says Elvira Kras at McDermott.

  • Opinion

    The Business Case For Championing Diverse Legal Teams

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    Leveraging the collective strengths of a diverse workforce is not only the right thing to do, it’s a strategic imperative for any successful firm or business, says Louise Pentland, executive vice president and chief business affairs and legal officer of PayPal.

  • PE Leaders' Many Hats Complicate D&O Policies

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    Divergent outcomes in two recent Delaware Superior Court cases came down to the wording of insurance policies, highlighting coverage issues for private equity directors and officers serving in multiple capacities, say insurance practitioners from Hiscox and Bailey Cavalieri.

  • The Curious Case Of Crypto Valuations

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    Cryptocurrency assets can be hard to value, and none of the valuation methods proposed thus far have been significantly tested in court. To head off possible litigation, companies and investment managers holding crypto assets should be transparent about the valuation methods they use, say Justin Steffen and Michael Perich of Ice Miller.

  • Rethinking The Tech-First Approach To Law Firm Solutions

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    When a lawyer complains about some workflow inefficiency they are having, the knee-jerk reaction of many firms is to look for a technology-based workaround. This overlooks the importance of human psychology and behavior, which may be the root of the problem, says Ryan Steadman of Zero.

  • Tips For Investing In Opportunity Zone Businesses

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    Libin Zhang of Fried Frank discusses key issues that have confronted some practitioners as they advise third-generation opportunity funds to invest in operating businesses.

  • Top 10 Techniques For Crafting A Dazzling Brief

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    Legal writing often falls flat not because it’s unorganized, but because it’s technically unsound and riddled with gaffes that cheapen and degrade it. Avoiding the most common mistakes will keep judges interested and, most importantly, make them trust you, says Daniel Karon of Karon LLC.

  • A Dramatic 6 Months For OFAC Sanctions Enforcement

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    Through the first half of 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control strengthened country-based sanctions programs, including those targeting Venezuela and Cuba, and brought a string of aggressive enforcement actions that suggest enhanced compliance program expectations going forward, say attorneys at Ropes & Gray.