Private Equity

  • September 23, 2019

    Class Atty Claims Cover-Up In $1.4B Fresh Market Sale

    Independent directors of The Fresh Market "got into a very messy situation and then covered it up" with the company's $1.4 billion take-private sale to Apollo Global Capital in 2015, a stockholder attorney argued Monday during an eight-way Delaware Chancery Court dismissal battle.

  • September 23, 2019

    Kirkland Steers GSO's $350M Commitment To Soda Ash Biz

    Genesis Energy said Monday it will expand its soda ash production operations in Wyoming in a move financed by a $350 million preferred equity commitment from Kirkland-led GSO Capital Partners.

  • September 23, 2019

    Conspiracy Claims Cut From Odebrecht Bribery Suit

    A New York federal court on Monday tossed conspiracy claims against Brazilian engineering conglomerate Odebrecht in a suit that ties the plummeting value of its bonds to a $3.3 billion bribery scheme, finding that alleged financial misrepresentations weren't the result of a formal agreement between the company and its subsidiary.

  • September 23, 2019

    Kirkland, Lowenstein Steer Greenbriar's $81M Arotech Buy

    Private equity firm Greenbriar said Monday it will buy Michigan-based defense and security company Arotech in an $80.8 million deal steered by Kirkland & Ellis LLP and Lowenstein Sandler LLP.

  • September 23, 2019

    Sweetgreen Valued At $1.6B After $150M Financing Round

    Salad fast-food chain Sweetgreen has gobbled up $150 million in a financing round that was co-led by Lone Pine Capital and D1 Capital Partners and values the business at $1.6 billion, the companies said Monday.

  • September 23, 2019

    4 Biotech Firms Freshen Pipeline With IPOs Totaling $526M

    Four biotechnology companies set price ranges Monday on initial public offerings that could raise a combined $526 million to develop drugs that fight cancer and other diseases, signaling a busy start for October’s IPO market.

  • September 23, 2019

    Akin Gump Adds Partners To Growing London PE Practice

    Akin Gump will add two senior transactions lawyers to its growing private equity team in London in October, the firm said Monday.

  • September 23, 2019

    PE-Backed Data Center Co. Gets Up To $500M For Growth

    Abu Dhabi-based investment shop Mubadala Investment Co. has agreed to inject up to $500 million into private equity-backed data center operator and cloud services provider Cologix, the companies said Monday.

  • September 23, 2019

    German Real Estate Co. Inks $1.25B Deal For Swedish Peer

    Vonovia said Monday it will take a majority stake in private equity-backed Hembla in a deal that values the company at 12.23 billion Swedish krona ($1.25 billion), as the German real estate firm looks to deepen its presence in Sweden. 

  • September 20, 2019

    King & Spalding Adds Ex-Hunton Andrews Litigator In Texas

    King & Spalding LLP has added to its ranks a business litigator who previously served as managing partner of Hunton Andrews Kurth LLP’s Austin, Texas, office, the firm has announced.

  • September 20, 2019

    What Attorneys Must Know About The Draft CFIUS Rules

    The draft rules for the overhaul of the Committee on Foreign Investment in the United States are finally out, providing more detail about the changes coming to the process for reviewing inbound transactions for potential national security concerns. Here, Law360 outlines the key clarifications provided by the proposed regulations.

  • September 20, 2019

    Seven Firms To Steer 4 IPOs Raising $1.8B, Led By Peloton

    Seven law firms will steer four initial public offerings slated to price during the week of Sept. 23, led by an estimated $1.1 billion offering by home exercise startup Peloton Interactive and Hollywood talent agency Endeavor Group's potential $600 million IPO.

  • September 20, 2019

    Rising Star: Skadden's Katja Butler

    Skadden Arps Slate Meagher & Flom LLP partner Katja Butler has helped guide big investors through major deals, including a consortium led by HgCapital that bought up a multibillion-dollar stake in Norwegian software company Visma, earning her a spot on this year’s list of private equity law practitioners under age 40 honored by Law360 as Rising Stars.

  • September 20, 2019

    DLA Piper, Orrick Steer Clutter’s $152M NYC Storage Buy

    Storage startup Clutter said Friday it has acquired the New York real estate portfolio of The Storage Fox for $152 million with guidance from DLA Piper and Orrick as the startup looks to expand its self-storage offerings.

  • September 20, 2019

    Drugmaker Amag Under Pressure From Activist Investors

    Camber Capital Management on Friday became the second activist investor this month to seek a shake-up at Amag Pharmaceuticals Inc., saying in a securities filing that the Massachusetts-based drugmaker’s stock is undervalued and suggesting board changes may be appropriate.

  • September 20, 2019

    Don't Miss It: Faegre Baker Leads Week's 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 Faegre Baker. Here, Law360 recaps the ones you might have missed.

  • September 20, 2019

    Blackstone Lands Greek Hotel Biz Valued At €178.6M

    Blackstone Real Estate Partners Europe said Friday it has agreed to buy and renovate five Greek hotel businesses from the Louis Group in a deal that carries an enterprise value of €178.6 million ($196.7 million).

  • September 20, 2019

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

    The last week has seen an investment banker sue his former Mishcon De Reya LLP lawyers following a failed lawsuit against Newcastle F.C.'s billionaire owner, a foreign exchange business drag the head of its Irish operations into court and an Enterprise insurance unit take action against its Greek brokerage arm. Here, Law360 looks at those and other new claims in the U.K.

  • September 19, 2019

    Ex-Sequoia Partner Slips Sex Abuse Suit By No-Show Accuser

    A former Sequoia Capital partner beat a lawsuit brought by a woman who had accused him of years of sexual and emotional abuse when a California judge dismissed the case over the woman's repeated failure to hand over documents and show up for mandated proceedings.

  • September 19, 2019

    Pharmacy, PE Fund Ink $21M Deal To End FCA Kickback Suit

    A compounding pharmacy and its private equity fund owner have reached a $21.4 million settlement with the U.S. Department of Justice to resolve claims they orchestrated a $70 million kickback scheme to recruit beneficiaries of Tricare for medically unnecessary prescriptions.

  • September 19, 2019

    Cooley-Led Datadog Leads 3 Cos. With Bullish $648M IPO

    Venture-backed analytics company Datadog Inc. saw shares roar in its public debut on Thursday after completing an above-range $648 million initial public offering, the largest of three fresh IPOs that raised a combined $886 million.

  • September 19, 2019

    Deals Rumor Mill: AT&T, Providence Equity, Axalta

    AT&T could look to divest DirecTV, Providence Equity Partners has apparently raised $6 billion for its eighth flagship private equity fund, and multiple suitors are said to be vying to buy multibillion-dollar car paint maker Axalta. Here, Law360 breaks down these and other rumors from the past week you need to be aware of.

  • September 19, 2019

    Rising Star: Simpson Thacher's Naveed Anwar

    Simpson Thacher & Bartlett LLP’s Naveed Anwar has assisted on a plethora of major private equity transactions, including last year’s complicated tracking stock deal featuring Dell Technologies and Silver Lake Partners, earning him a spot as one of five private equity attorneys under age 40 honored by Law360 as Rising Stars.

  • September 19, 2019

    Fintech Startup Stripe Valued At $35B In New Funding Round

    A group of private investors has agreed to infuse San Francisco-based fintech startup Stripe Inc. with $250 million in a funding round that values the online payments business at $35 billion, the companies said Thursday.

  • September 19, 2019

    Airbnb Plans To Check Into Public Market In 2020

    Airbnb on Thursday said it plans to go public in 2020, but did not disclose any financial target or the number of shares it plans to float, which could be one of the largest offerings of the coming year.

Expert Analysis

  • Series

    Pursuing Wellness: Steps Toward A Supportive Firm Culture

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    As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.

  • CFIUS Risk Review Rules May Draw Attention To US Biotech

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    The Committee on Foreign Investment in the United States' critical technologies pilot program has had relatively minor impact on the U.S. biotech industry in the last year, but proposed rules unleashed by the Foreign Investment Risk Review Modernization Act will soon reshape the relationship between the government and the biotech industry, says Richard Matheny of Goodwin.

  • Series

    Pursuing Wellness: Mental Health Education As A Firm Priority

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    Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.

  • 8 Takeaways From CFIUS' Proposed Risk Review Rules

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    The Committee on Foreign Investment in the United States’ draft regulations implementing the Foreign Investment Risk Review Modernization Act seem to focus on specific national security concerns, as opposed to taking a broader approach, which means they are significantly more complex than the pre-FIRRMA regime, say Christian Davis and Thor Petersen of Akin Gump.

  • Series

    Pursuing Wellness: A Firm's Work With Mental Health Experts

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    Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.

  • Series

    Pursuing Wellness: When A Firm Brings Counseling On Site

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    One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.

  • Series

    Pursuing Wellness: Inside A Firm Meditation Program

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    After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.

  • Early Sampling Of Electronic Info Is Underutilized In Discovery

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    The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.

  • The Factors Courts Consider In Deposition Location Disputes

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    In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.

  • What To Consider Before Filing For A Rule 57 Speedy Hearing

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    Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.

  • Series

    Why I Became A Lawyer: Expanding The Meaning Of Diversity

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    My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.

  • How The Wayback Machine Can Strengthen Your Case

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    The Wayback Machine, which archives screenshots of websites at particular points in time, can be an invaluable tool in litigation, but attorneys need to follow a few simple steps early in the discovery process to increase the odds of being able to use materials obtained from the archive, says Timothy Freeman of Tanenbaum Keale.

  • Opinion

    Draft Civil Procedure Jurisdictional Rule Needs A Tweak

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    The Judicial Conference Advisory Committee’s proposed addition to Federal Rule of Civil Procedure 7.1 needs to be amended slightly to prevent late-stage jurisdictional confusion in cases where the parties do not have attributed citizenship, says GianCarlo Canaparo at The Heritage Foundation.

  • Compliance Monitor May Help With CFIUS Approval

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    The ability of a Chinese company to gain approval from the Committee on Foreign Investment in the U.S. for acquisition of a U.S. tech company may not hinge as much on the extent to which the technology is critical to national security as it will on convincing the government that the technology can be protected, says ​​​​​​​J. Keith Ausbrook at Guidepost Solutions.

  • US Aid Agency Launch May Not Meet Expectations

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    While some expect the new U.S. International Development Finance Corporation, which launches Oct. 1, to significantly affect markets in need of development funding, its modest initial budget is disheartening, say Thomas Trimble and John Bryant at Winston & Strawn.