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Private Equity
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December 11, 2025
Del. Court Mulls Mootness Fee Options In Bolt Suit Settlement
A Delaware vice chancellor indicated Thursday that he was leaning toward awarding 10% to 15% of the benefit secured by attorneys who battled for cancellation of $37.5 million in Bolt Financial Group stock used by company controller Ryan Breslow to secure a later defaulted-upon personal loan.
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December 11, 2025
3 Firms Guide Enova's $369M Grasshopper Bank Acquisition
Fintech lender Enova International said Thursday it plans to buy digital bank Grasshopper in a $369 million deal guided by Covington & Burling LLP, Squire Patton Boggs LLP and Hogan Lovells LLP.
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December 11, 2025
Mass. Lawyer Accused Of Misusing Pot Shop Investor Funds
A Massachusetts lawyer took a 50.1% stake in a cannabis startup in exchange for what he said was a discount on fees for legal work he would perform, then botched the license application and misused investor funds, a lawsuit filed in state court alleges.
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December 11, 2025
4 Firms Guide PE-Backed Avocet's $500M Launch, First Deal
A new insurance-focused investment firm called Avocet Partners has been launched with the backing of a $500 million investment from Oaktree Capital Management LP and Lane42 Investment Partners LLC, Avocet announced Thursday.
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December 11, 2025
Chancery Skeptical Of B. Riley Investors' Investment Loss Suit
A vice chancellor in the Delaware Chancery Court on Thursday pressed the lawyer for a B. Riley Financial Inc. stockholder to justify Caremark oversight claims tied to the investment firm's failed bets on the Franchise Group Inc., repeatedly questioning whether the complaint plausibly alleged bad faith board inaction rather than business judgment disagreements.
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December 11, 2025
Sidley Guides Diagnostic Imaging Firm Lumexa's $463M IPO
Private equity-backed diagnostic imaging provider Lumexa Imaging Holdings Inc., led by Sidley Austin LLP, began trading Thursday on the Nasdaq Global Select Market after pricing a $463 million initial public offering.
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December 11, 2025
4 Firms Guide As Arcline Exits Medical Tech Co. In $685M Deal
Perimeter Solutions Inc. has agreed to acquire Medical Manufacturing Technologies LLC from Arcline Investment Management for approximately $685 million in cash, including certain tax benefits.
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December 10, 2025
Pennsylvania Panel Backs $931K Fine For Investment Adviser
A Pennsylvania appellate panel upheld a $931,000 fine for a Gladwyne, Pennsylvania-based investment adviser for selling unregistered securities, agreeing with a Department of Banking and Securities finding that the investments in "merchant cash advance" businesses were not federal securities exempt from the state Securities Act.
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December 10, 2025
Macquarie Capital Plugs $150M Into Insurance Brokerage Biz
Insurance brokerage platform Enterprise Risk Associates on Wednesday announced that it received a $150 million investment from Macquarie Capital Principal Finance that will be used to support its acquisition-driven growth strategy across insurance distribution verticals.
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December 10, 2025
Justices Chew Over 'Close' Case On Fund Contract Disputes
The U.S. Supreme Court on Wednesday waffled over whether there was a private right to sue to void contracts that allegedly violate the Investment Company Act, with Justice Brett Kavanaugh saying that a decision on the case involving an activist investor's voting rights would be "extremely close."
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December 10, 2025
Nelson Mullins Adds Former K&L Gates Partner In Pittsburgh
An attorney with more than 30 years of experience counseling clients on their investment management strategies has moved his practice to Nelson Mullins Riley & Scarborough LLP's Pittsburgh office after nearly 12 years with K&L Gates.
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December 10, 2025
VC Apple Tree Hits Ch. 11 After Row With Russian Billionaire
Biotechnology investor Apple Tree Life Sciences Inc. and affiliates filed for Chapter 11 protection in Delaware bankruptcy court, days after a Chancery Court judge ordered a Russian billionaire who partnered with the fund to cough up $97 million that Apple Tree demanded to support its struggling medical companies.
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December 10, 2025
V&E-Advised Geothermal Co. Wraps $462M Funding Round
Geothermal power company Fervo Energy, advised by Vinson & Elkins LLP, revealed Wednesday that it closed an oversubscribed Series E funding round after raising $462 million in capital, which will be used to boost the company's growth.
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December 09, 2025
Mozaic CEO Charged With Duping Investor Out Of $20M
The chief executive officer of an artificial intelligence-powered payments app startup conspired to defraud a Boston private equity firm out of $20 million through a scheme involving fake financial documents and fake customers, a newly unsealed indictment filed in Massachusetts federal court alleges.
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December 09, 2025
Suns Seek $250M Capital Call Confirmation Amid Buyout Row
The majority owner of the NBA's Phoenix Suns on Tuesday maintained that a $250 million capital call and a subsequent additional funding round this summer were properly issued under the LLC agreement, amid two minority owners' allegations of mismanagement in Delaware's Chancery Court.
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December 09, 2025
Brookfield, Qatar Launch $20B AI Infrastructure Partnership
Brookfield announced Tuesday that it is joining forces with a subsidiary of the Qatar Investment Authority on a $20 billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, marking Brookfield's first such investment in the Middle East.
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December 09, 2025
Del. Justices Uphold Contract Bar On CityMD Merger Claims
The Delaware Supreme Court Tuesday affirmed the Chancery Court's dismissal of minority investors' claims tied to the 2023 merger of urgent care operator CityMD and Summit Health with Walgreens-controlled VillageMD, siding with private equity group Warburg Pincus and holding that the dispute is governed by contract rather than fiduciary-duty principles.
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December 09, 2025
PE-Backed Medical Supplies Giant Medline Eyes $5B IPO
Private equity-backed medical supplies behemoth Medline has outlined terms for its long-awaited initial public offering, telling U.S. regulators that it plans to raise about $5 billion in what would mark the largest IPO of 2025.
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December 09, 2025
Cooley-Led Saviynt Valued At $3B After $700M Funding Round
Cooley LLP-guided identity security company Saviynt on Tuesday revealed it had reached a $3 billion valuation after closing a $700 million Series B growth equity financing round, with the funding to be used as growth capital to expand and accelerate product development.
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December 09, 2025
Teleflex To Divest Multiple Units In Deals Topping $2B
Simpson Thacher & Bartlett LLP-advised Teleflex Inc. said Tuesday it has agreed to sell several units to private equity firms Montagu and Kohlberg, and to Britain's Intersurgical Ltd., for a combined $2.03 billion in cash.
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December 09, 2025
Latham Adds Energy Ace From Kirkland In Houston
Latham & Watkins LLP has strengthened its mergers and acquisitions and private equity practice with a Houston-based partner who came aboard after more than a decade with Kirkland & Ellis LLP.
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December 08, 2025
Trump SPAC's Ex-CEO Seeks $50K Daily Sanctions In Fee Row
A former CEO of Donald Trump-tied blank check company Digital World Acquisition Corp. has urged the Delaware Chancery Court to impose a $50,000-per-day sanction against the company for allegedly "throwing a tantrum" and refusing to pay roughly $2 million of a $2.9 million and growing legal fee advancement order in connection with litigation in Florida.
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December 08, 2025
SEC Says Hedge Fund Manager's Driver Ran $1M Fraud
A former administrative assistant at a New York hedge fund has agreed to settle U.S. Securities and Exchange Commission allegations that he caused three investors to lose $1 million after falsely holding himself out as a financial professional at the firm, when in fact he was just a personal driver to the firm's founder.
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December 08, 2025
4 Firms Lead $1.51B TC Transcontinental Packaging Deal
Private equity-backed ProAmpac on Monday unveiled plans to acquire TC Transcontinental Packaging from TC Transcontinental in a $1.51 billion deal built by four law firms.
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December 08, 2025
Israeli Meat Co. Owes $35M For NC Facility, Court Told
An Israeli venture capital-backed cultivated meat company breached a payment agreement for work on its inaugural facility in North Carolina and now owes the builder over $35 million, according to a lawsuit filed in North Carolina federal court.
Expert Analysis
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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How Ore. Law Puts New Confines On Corp. Health Ownership
A newly enacted law in Oregon strengthens the state’s restrictions on corporate ownership of healthcare practices, with new limitations on overlapping control, permissible services, restrictive covenants and more making it necessary for practices to review decades-old physician practice arrangements, say attorneys at Ropes & Gray.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Trump Antitrust Shift Eases Pressure On Private Equity Deals
Enforcement actions and statements by Trump administration antitrust officials forecast a shift away from specifically targeting private equity activity, which should be welcome news to dealmakers, but firms shouldn't expect to escape traditional antitrust scrutiny, says Nathaniel Bronstein at Fried Frank.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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Navigating Potential Sources Of Tariff-Related Contract Risk
As the tariff landscape continues to shift, companies must anticipate potential friction points arising out of certain common contractual provisions, prepare to defend against breach claims, and respond to changing circumstances in contractual and treaty-based relationships, say attorneys at Debevoise.
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Texas Targets Del. Primacy With Trio Of New Corporate Laws
Delaware has long positioned itself as the leader in attracting business formation, but a flurry of new legislation in Texas aimed at attracting businesses to the Lone Star State is aggressively trying to change that, says Andrew Oringer at the Wagner Law Group.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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2 NY Rulings May Stem Foreign Co. Derivative Suits
In recent decades, shareholders have challenged the internal affairs doctrine by bringing a series of derivative actions in New York state court on behalf of foreign corporations, but the New York Court of Appeals' recent rulings in Ezrasons v. Rudd and Haussmann v. Baumann should slow that trend, say attorneys at Cleary.
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Volunteering At Schools Makes Me A Better Lawyer
Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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A Look At Texas Corp. Law Changes Aimed At Dethroning Del.
Seeking to displace Delaware as the preferred locale for incorporation, Texas recently significantly amended its business code, including changes like codifying the business judgment rule, restricting books and records demands, and giving greater protections for officers and directors in interested transactions, say attorneys at Fenwick.
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Series
Law School's Missed Lessons: Appreciating Civil Procedure
If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.