Lone Star is reportedly mulling floating Xella, a tie-up between banking giants Deutsche Bank and Commerzbank has earned the favor of the German government, and Calsonic Kansei Corp. has roughly €5 billion ($5.9 billion) in financing for its bid to buy Magneti Marelli SpA.
Technology-enabled trucking network Convoy said Friday it has secured $185 million in a Series C funding round led by Alphabet Inc.'s CapitalG that will help Convoy foster increased product innovation to meet the demand of shippers and carriers.
U.K.-based Farfetch Ltd. bumped its initial public offering price to $20 per share the day before its debut, raising around $884 million for the private equity-backed online fashion retailer in a Friday offering guided by Latham & Watkins LLP.
Noting months of costly disagreements and litigation among parties to a troubled $15 billion fleet of student loan trusts, a Delaware vice chancellor agreed Friday to appoint a special master to handle disputes involving the trusts' owners, investors, agents and administrators.
With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Kirkland & Ellis LLP and Goodwin Procter LLP. Here, Law360 explores the ones you may have missed.
Private equity-backed real estate company ESR has made an offer to buy all the shares in Australia's Propertylink Group it doesn't already own for roughly AU$693 million ($505 million), Propertylink said Friday.
Residents of a Chicago suburb have slapped sterilization company Sterigenics International Inc. and its private equity owner with a proposed class action in Illinois circuit court that claims the company has for decades knowingly emitted a highly carcinogenic chemical from a local facility without disclosing the risks.
A Delaware bankruptcy judge confirmed accessory retailer Claire’s Chapter 11 plan on a mostly uncontested basis Friday after a three-day confirmation hearing during which stakeholders hashed out the details of a deal struck Monday that granted second-lien creditors higher recovery rates.
In this week’s Taxation with Representation, Enbridge simplified its corporate structure with $7.1 billion in deals, Adobe bought Marketo for $4.75 billion, Univar snapped up Nexeo for $2 billion, and Western & Southern Financial Group acquired Gerber Life Insurance for $1.6 billion.
Thousands of artifacts dredged up from the Titanic are set to go up for auction in a Florida bankruptcy case next month, with a $19.5 million stalking horse bid in place, according to a sale notice filed Wednesday.
Business and residential communications provider Vonage Holdings Corp. said Thursday it will pay $350 million to take over private equity-backed, cloud-based contact center provider NewVoiceMedia, with Morrison & Foerster LLP guiding the buyer and Weil Gotshal & Manges LLP steering the seller.
Private equity firms are buzzing around Nature Nate’s Honey Co., Rocket Internet is reportedly getting ready to list Jumia, and Amazon and an India-based private equity firm have bought Indian retail and grocery chain More.
Shares of online ticketing platform Eventbrite Inc., represented by Goodwin Procter LLP, sizzled in their debut Thursday after the venture-backed company priced a $230 million initial public offering at the top of its range, marking the latest technology issuer to score with investors.
Adobe Systems Inc. has agreed to pay $4.75 billion to pick up private equity-backed marketing software firm Marketo Inc. as part of an effort to boost Adobe's cloud-based software offerings, in a deal guided by Hogan Lovells and Kirkland & Ellis LLP, the companies said on Thursday.
Shareholders of Dun & Bradstreet on Wednesday filed a proposed class action in Delaware federal court alleging that a proxy statement filed by the company's board in September is "materially incomplete," making shareholders unable to properly assess the fairness and financial implications of its potential $6.9 billion merger with a buying group led by CC Capital.
Citing a fatal lack of specifics, Delaware’s Supreme Court declined Thursday to overturn the dismissal of a suit alleging unfair dealing in the $43 million sale of a limited liability company serving disabled children, despite facts “arguably” supporting impropriety claims.
Private equity firms have taken to raising private debt funds because they promise stable and strong returns while allowing for the further diversification of a fund manager’s portfolio, but potential issues loom that could present problems for those deeply entrenched in the asset class, including the re-emergence of traditional lenders and expected interest rate hikes. Here, Law360 explores three issues that could cause private debt to become a less attractive asset class in the not-so-distant future.
Ice Miller LLP has brought in bankruptcy specialist John Giampolo to join the firm as a partner in its bankruptcy litigation group out of New York City.
Barnes Group Inc., which provides products and solutions for the aerospace, transportation and health care industries, said Thursday that it has agreed to acquire Italian robotics supplier Gimatic SRL for €370 million ($434.8 million), in a deal guided by Wachtell Lipton Rosen & Katz.
The Office of the U.S. Trustee objected Wednesday to roughly $4.1 million in debt forgiveness being included in ActiveCare Inc.’s proposed Chapter 11 sale to stalking horse bidder Telcare Inc., calling it an improper setoff.
While in-house technology investments on the scale and complexity needed to compete with large firms remain cost prohibitive for small and midsize law firms, cloud-based services offer significant cost savings and productivity gains with little to no capital investment, says Holly Urban of Effortless Legal LLC.
When approaching M&A, investments and other transactions associated with artificial intelligence, we must take into consideration the nature of the technology today, the anticipated technological developments and the evolving legal landscape, say Lee Tiedrich and Daniel Gurman of Covington & Burling LLP.
A deep dive into data on deal terms in midstream oil and gas acquisition agreements reveals significant insights on “what’s market” and what's not in such deals. As compared to a broad cross-section of agreements across industries, the midstream M&A acquisition agreements studied generally allocated more of the risks — especially unknown risks — to buyers, says Greg Krafka of Winstead PC.
With the Milbank/Cravath pay scale once again equalizing compensation at many Am Law 100 firms, there is even more pressure for firms to differentiate themselves to top lateral associate candidates. This presents strategic considerations for both law firms and lateral candidates throughout the recruitment process, says Darin Morgan of Major Lindsey & Africa.
The Private Target Mergers & Acquisitions Deal Points Studies prepared by the American Bar Association’s Business Law Section have been a key resource for M&A attorneys for over a decade. In this two-part article, Greg Krafka of Winstead PC examines data from the most recent study and other sources to systematically identify “what’s market” concerning deal terms in midstream oil and gas acquisition agreements.
In this series featuring law school luminaries, Stanford Law School professor Jeffrey Fisher discusses his motivation for teaching, arguing before the U.S. Supreme Court and what the court might look like if Judge Brett Kavanaugh is confirmed.
There has been a dip in the number of enforcement actions from the U.S. Securities and Exchange Commission during Chairman Jay Clayton’s tenure, but this decline does not tell the whole story. The commission is still bringing a historically high volume of actions — they just happen to be in slightly different areas, says Kurt Wolfe of Troutman Sanders LLP.
The first comprehensive overhaul of California's Rules of Professional Conduct in nearly 30 years becomes operational on Nov. 1. Some of the new rules mirror the model language used by the American Bar Association, but many continue to reflect California’s unique approach to certain ethical questions, says Mark Loeterman of Signature Resolution LLC.
The balancing act between protecting attorneys’ speech rights and ensuring unbiased adjudications was highlighted recently in two cases — when Michael Cohen applied for a restraining order against Stephanie Clifford's attorney, and when Johnson & Johnson questioned whether a Missouri talc verdict was tainted by public statements from the plaintiffs' counsel, says Matthew Giardina of Manning Gross & Massenburg LLP.
In Sheppard Mullin v. J-M Manufacturing Co., the California Supreme Court ruled last month that a law firm's failure to disclose a known conflict with another current client did not categorically disentitle the firm from recovering fees. But the court didn’t provide hoped-for guidance on how to write an enforceable advance conflict waiver, says Richard Rosensweig of Goulston & Storrs PC.