Private Equity

  • January 17, 2020

    Pulling Up Stakes: Sidley, Baker Botts, Hogan Lovells

    In our latest roundup of deal-makers on the move, Sidley Austin snagged a private equity pro from Linklaters for its Singapore office, Baker Botts bolstered its media and telecommunications practice and Hogan Lovells added a veteran capital markets practitioner in London.

  • January 17, 2020

    Former RBC Analyst Avoids Prison For Insider Trading

    A Manhattan federal judge on Friday allowed a former RBC Capital Markets junior analyst to avoid prison for reaping $126,000 of profit via insider trading, including trading ahead of a secret private equity deal, crediting his quick guilty plea and remorse.

  • January 17, 2020

    4 Companies Kick Off 2020 IPO Season After Raising $373M

    Four companies went public Friday after raising $373 million combined in initial public offerings, marking the first four IPOs of 2020 and providing fresh capital for three Chinese issuers plus a U.S. mortgage lender.  

  • January 17, 2020

    Taxation With Representation: Skadden, Simpson, White

    In this week’s Taxation with Representation, Visa acquires fintech company Plaid for $5.3 billion, a Blackstone real estate trust makes a $4.6 billion play for two Vegas hotels, and Saudi Aramco’s IPO raises another $3.8 billion.

  • January 17, 2020

    Don't Miss It: Wachtell, Weil Guide 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 Wachtell and Weil. ​Here, Law360 recaps the ones you might have missed.

  • January 17, 2020

    3 Firms Shape $115M Menswear Brand Sale To WHP Global

    Ferdinand IP Law Group, Pryor Cashman LLP and Kirkland & Ellis LLP helped steer Tailored Brands Inc.’s $115 million sale of its Joseph Abboud trademarks to the new management firm WHP Global, according to a Friday release.

  • January 17, 2020

    Dechert Nabs 2 Real Estate Attys From Sullivan & Worcester

    Dechert LLP has hired a pair of lawyers from Sullivan & Worcester LLP in a move that bolsters the firm's real estate financing capabilities in New York, Dechert announced this month.

  • January 17, 2020

    Citi Debuts $150M Impact Fund To Target US Private Sector

    Citi launched a $150 million impact fund that will target investments in U.S.-based private sector companies that are making a positive impact on society, the bank said Friday.

  • January 17, 2020

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

    The past week in London has seen a tech company sue an online football stock exchange, a number of seafood distributors and their insurers sue cargo company Maersk, and several hotels add to Visa and MasterCard's swipe-fee class action woes. Here, Law360 looks at these claims and more. 

  • January 17, 2020

    Firms Eye Growing Startup Scene In Texas 'Silicon Hills'

    Attorneys who work with emerging companies are seeing continued growth in Texas’ startup scene, a trend that’s bringing in new business and catching firms’ eyes.

  • January 17, 2020

    Davis Polk, Covington Steer Clarivate’s $950M DRG Buy

    Clarivate Analytics, led by Davis Polk, said Friday it will shell out $950 million in cash and stock to buy health care data and analytics company Decision Resources Group from a unit of Indian conglomerate Piramal Group, advised by Covington & Burling.

  • January 16, 2020

    Carlyle-Backed Chemicals Supplier Atotech Files $100M IPO

    Private equity-backed specialty chemicals and equipment company Atotech Limited filed an initial public offering preliminarily estimated to raise $100 million late on Wednesday, under guidance from Latham & Watkins LLP and underwriters counsel Milbank LLP.

  • January 16, 2020

    Outspoken SEC Commissioner Jackson To Leave Agency

    U.S. Securities and Exchange Commissioner Robert Jackson, who has vigorously opposed many of the agency's deregulatory moves that he considered a threat to investor protection, said Thursday he will leave office on Feb. 14 to teach at New York University School of Law.

  • January 16, 2020

    Deals Rumor Mill: Albertsons, Springer Nature, DuPont

    Albertsons is considering an IPO that could value the U.S. grocery giant at about $19 billion, educational publishing company Springer Nature could be valued at as much as €8 billion in an IPO of its own, and DuPont is weighing options for its electronics business, including a potential sale. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • January 16, 2020

    Aurelius Unveils €63M Hotel Sale To Germany Real Estate Co.

    Private equity firm Aurelius Equity Opportunities said Thursday it has agreed to sell a hotel subsidiary to German company Art-Invest Real Estate Group for an enterprise value of €63 million ($70 million).

  • January 16, 2020

    Frazier Healthcare Amasses More Than $617M For Latest Fund

    Private equity firm Frazier Healthcare Partners said Thursday it has finalized its latest investment vehicle after raising more than $617 million from limited partners, with plans to invest in life sciences companies that are focused on the development and commercialization of novel medical treatments.

  • January 16, 2020

    Linklaters, DLA Piper Steer Hyundai’s $111M Electric Van Bet

    DLA Piper-steered Hyundai and Kia said Thursday they will invest €100 million ($111 million) in London-based electric vehicle startup Arrival, represented by Linklaters, as the automotive companies race to develop eco-friendly models for European markets.

  • January 16, 2020

    Investor Elliott To Snub Capgemini's New €3.7B Bid For Altran

    Activist investor Elliott declared Thursday that it will not tender its Altran shares to the company's suitor Capgemini, even after Capgemini's buyout offer was sweetened to €3.73 billion ($4.15 billion), and added it may continue to build its stake in the engineering consulting firm.

  • January 16, 2020

    What The Largest PE Funds From 2019 Tell Us About 2020

    The largest private equity funds that closed in 2019 illustrate multiple trends that are expected to continue throughout 2020, including North America’s continued fundraising dominance and the industry’s increasing focus on technology.

  • January 16, 2020

    Debevoise Helps As HarbourVest Wraps Up New $2.61B Fund

    Boston-based HarbourVest Partners, working with Debevoise & Plimpton, has closed its latest fund after receiving $2.61 billion from limited partners, with plans to target private equity, growth equity and venture capital investments in businesses based in North America, the firm said Thursday.

  • January 16, 2020

    5 Firms Guide Global Blue's €2.3B Merger With Far Point

    Global Blue detailed plans Thursday to list on the New York Stock Exchange through a merger with special purpose acquisition company Far Point that values the private equity-backed tax-free shopping and payments company at €2.3 billion ($2.56 billion), in a deal shaped by five law firms.

  • January 15, 2020

    Paper Manufacturer Cautions Chancery Of Doc Bid ‘Floodgate’

    Paper producer Verso Corp. cautioned a Delaware vice chancellor Wednesday the Chancery Court could open a “floodgate” of similar records requests if it grants an investor’s bid for documents detailing a proposed $400 million deal to sell two paper mills as a board proxy fight rages on.

  • January 15, 2020

    VC Firm Behind Goop, Peloton Raises $300M

    Venture capital firm Felix Capital, known for its early investments in so-called digital lifestyle brands like Goop and Peloton, announced Wednesday that it has raised $300 million in its latest fundraising round.

  • January 15, 2020

    Final CFIUS Regs Ready New Era Of Inbound Deal Scrutiny

    Final regulations to overhaul the Committee on Foreign Investment in the United States offer special treatment to three countries and provide more guidance to investment funds while allowing for future adjustments on how the U.S. screens deals for national security concerns.

  • January 15, 2020

    KKR Scores $2.2B For Latest Tech Growth Fund

    Private equity giant KKR said Wednesday it amassed $2.2 billion for the second iteration of a technology-focused growth fund that will look for opportunities in North America, Europe and Israel.

Expert Analysis

  • What SEC's Accredited Investor Proposal Means For PE Funds

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    A recent proposal from the U.S. Securities and Exchange Commission would allow more investors to participate in private offerings, but divisions at the SEC and among investment advocates suggest further debate may be ahead before a finalized rule emerges, say Michael Gold and Nicholas Stewart at Saul Ewing.

  • How Associate Life Has Evolved Over The Past Decade

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    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • What's Changed And What's The Same In Final CFIUS Rules

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    The U.S. Department of the Treasury’s final rules implementing the Foreign Investment Risk Review Modernization Act complete the revamp of the Committee on Foreign Investment in the United States, which will be more complex and better resourced to address evolving national security risks that arise in the context of foreign investments, say attorneys at Akin Gump.

  • 3rd Circ. Sheds Light On Ch. 11 Liability Release Approval

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    In Millennium Lab, the Third Circuit recently upheld the Delaware bankruptcy court's authority to approve a Chapter 11 plan containing nonconsensual liability releases, offering guidance on the factors courts may consider in deciding whether to approve them, says Jane VanLare of Cleary.

  • 2019 Trends In DOJ Civil Health Care Fraud Cases

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    Last year, the U.S. Department of Justice maintained aggressive enforcement efforts in the health care industry, again relying heavily on the False Claims Act, but the agency is also taking steps to guide those efforts toward fairness and consistency, say attorneys at Mintz.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

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    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • Deciphering Tribunals' Practice In Investor-State Arbitration

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    Our recent study of 114 publicly available decisions on provisional measures in investor-state proceedings reveals key trends in arbitration tribunal jurisprudence, say David Goldberg and Ivan Philippov of White & Case, and professor Yarik Kryvoi of the British Institute of International and Comparative Law.

  • 7 Insider Tips For Working With In-House Counsel

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    For outside firms wondering how to best support busy in-house lawyers, several practices can help navigate critical legal issues and novel business challenges while strengthening the working relationship, says Virginia Hudson, associate general counsel at Capital One.

  • 50 Years Later, Interpretive Challenges Remain For RICO

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    In the 50 years since the Racketeer Influenced and Corrupt Organizations Act was passed, courts' attempts to clarify the statute have had some success, but many interpretive dilemmas remain unresolved, says Randy Gordon of Barnes & Thornburg.

  • Opinion

    States Should Not Follow ABA On Attorney Conduct Rules

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    Because the American Bar Association's new rule on diversity continues to use the Model Rules of Professional Conduct as a cultural bludgeon, states should create independent codes limited to constitutionally valid purposes of attorney regulation, says Bradley Abramson of Alliance Defending Freedom.

  • How Courts And Litigants Can Benefit From Special Masters

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    As we approach the first anniversary of the American Bar Association's adoption of guidelines for the appointment and use of special masters in civil litigation, retired U.S. District Judge Shira Scheindlin, now at Stroock, explains how special masters can help parties and courts with faster decision-making and subject matter expertise.

  • Uber Policy Calls For Refresher On ABA Confidentiality Rules

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    Uber's recent policy update allowing drivers to audio-record passenger rides is a reminder for lawyers to observe the highest standard of care in protecting client information under the American Bar Association's confidentiality model rule, says Paul Boehm at Williams & Connolly.

  • Economic Headwinds Could Boost Distressed Asset Plays

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    Even if global economic threats don't impel a significant market downturn, intense competition for consumer dollars, global trade uncertainty and highly leveraged balance sheets are likely to foster distressed investment opportunities, says Michael Szlamkowicz of Hogan Lovells.

  • Rethinking Corporate Crisis And Litigation Communications

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    While conventional wisdom among attorneys may be that no response is the safest response during a corporate crisis, recent examples demonstrate the consequences of failing to share timely and relevant information with key audiences, says Aidan Ryan of Goldberg Segalla.

  • Opinion

    2 Overlooked Advantages Of Hourly Fees

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    Alternative-fee disputes like Bartlit Beck v. Okada in Illinois federal court may tell us something about the reasons for the continued vitality of the hourly fee, especially among clients who have the wherewithal to pay, says attorney J.B. Heaton.