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Private Equity
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April 10, 2025
Simpson Thacher-Led KSL Lands $1.44B In 2nd Tactical Fund
Alternative investment firm KSL Capital Partners LLC, advised by Simpson Thacher & Bartlett LLP, on Thursday announced that it clinched its second tactical opportunities fund with $1.44 billion in capital commitments.
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April 10, 2025
Blackstone Bolsters Warehouse Portfolio In $718M Texas Buy
Blackstone on Thursday announced it has agreed to buy a 6 million-square-foot portfolio of warehouse buildings in Dallas and Houston from Crow Holdings for $718 million in a bet on logistics during a time of market upheaval.
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April 09, 2025
OpenAI Countersues Musk For 'Relentless' Harassment
OpenAI on Wednesday lodged a countersuit to Elon Musk's lawsuit accusing the ChatGPT maker of abandoning its nonprofit mission, urging a California federal court to stop the billionaire from continuing an alleged "harassment campaign" aimed at impeding its success.
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April 09, 2025
'Evasive' Unions Told To List Fired Probationary Workers
The California federal judge who ordered the reinstatement of many fired probationary federal workers before the U.S. Supreme Court stayed his ruling on Wednesday ordered the public sector unions representing federal staffers to provide a list of their booted members, calling their claims that the information would be difficult to produce "evasive."
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April 09, 2025
Shopping App Founder Charged In $40M Fraud Scheme
New York federal prosecutors announced Wednesday that they've charged Nate Inc.'s founder with securities and wire fraud for allegedly claiming that his AI-powered automated shopping app streamlined checkout processes for online purchases without human involvement, while hiding that foreign workers were manually processing transactions and defrauding investors out of $40 million.
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April 09, 2025
Purported AI Co. Founder Gets 2½ Years For Fraud
The founder of a purported artificial intelligence video analysis startup will spend 2½ years in prison after pleading guilty to securities fraud in connection with government claims he lied to investors, including a venture capital fund and a university endowment fund, about his company's revenue and track record of securing investments.
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April 09, 2025
Judge Rejects Objections To $400M GPB Capital Payout Plan
A New York federal judge has approved a plan to distribute up to $400 million to investors defrauded by GPB Capital Holdings, rejecting objections from company insiders who argued the settlement was unfair because they could still face liability, finding that those concerns didn't outweigh the need to compensate defrauded victims.
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April 09, 2025
Senate Confirms Trump Pick Atkins To Lead A Leaner SEC
The U.S. Senate on Wednesday confirmed Paul Atkins to be the next chair of the U.S. Securities and Exchange Commission, clearing the way for an agency veteran and regulatory critic who is expected to slow the SEC's enforcement agenda and pursue smaller corporate penalties at a time when the agency is grappling with staff cuts and market turmoil.
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April 09, 2025
Ill. Senator Sought Bribe In 'Politics For Profit,' Feds Say
An Illinois state senator engaged in "politics for profit" as he solicited a bribe to limit a state study on automated traffic enforcement and then lied about his conduct to investigators, federal prosecutors told a jury Wednesday.
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April 09, 2025
Self-Driving Car Tech Co. Valued At $6B After Series E Round
Autonomous driving technology company Nuro Inc. on Wednesday revealed that it achieved a $6 billion valuation after completing its latest fundraising round with $106 million in tow.
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April 09, 2025
White & Case-Led EQT Inks Nearly $3B Health Deal With KKR
KKR & Co. has agreed to acquire Sweden's Karo Healthcare from EQT, marking the handover of a company that has quadrupled in sales over the past five years, the companies said Wednesday, in a deal worth up to a reported 2.6 billion euros ($2.85 billion).
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April 09, 2025
Winston & Strawn Leads Fintech-Focused SPAC's $240M IPO
Special purpose acquisition company Titan Acquisition Corp. began trading Wednesday after pricing a $240 million initial public offering in pursuit of a merger with a fintech or related business, represented by Winston & Strawn LLP and underwriters' counsel Ellenoff Grossman & Schole LLP.
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April 09, 2025
Pillsbury Expands Houston Office With 3 Corporate Attys
Pillsbury Winthrop Shaw Pittman LLP has added three attorneys with unique dealmaking experience to its growing Houston office.
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April 09, 2025
3 Firms Build Bain's $825M Lincoln Financial Stake Buy
Insurance company Lincoln Financial on Wednesday revealed that it has secured an $825 million strategic growth investment from private equity giant Bain Capital in exchange for a minority equity stake in a deal built by three law firms.
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April 09, 2025
Blackstone Clinches $10.8B European Real Estate Fund
Simpson Thacher & Bartlett LLP-advised private equity giant Blackstone on Wednesday announced that it wrapped its latest European real estate fund with €9.8 billion ($10.8 billion) of total capital commitments.
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April 09, 2025
Paper Towel Maker For Trader Joe's, Aldi Files For Ch. 11
Arizona-based Royal Interco LLC, which supplies private-label paper products for grocery chains including Trader Joe's, Whole Foods, Kroger and Aldi, filed for Chapter 11 protection in Delaware, saying it has $205 million in outstanding secured debt and a stalking horse bid to acquire the company for $126 million.
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April 09, 2025
MoFo Hires Ex-Proskauer Private Equity Partner In NYC
Morrison Foerster LLP has announced the hiring of a former partner at Proskauer Rose LLP based in New York as the latest addition to its private equity group.
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April 09, 2025
Assura Backs KKR's £1.6B Takeover Offer, Rejects PHP
The board of property manager Assura said Wednesday that it has backed a £1.6 billion ($2 billion) takeover offer from two U.S. private equity firms, rejecting a lower £1.5 billion bid from a British real estate investment trust.
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April 08, 2025
Ex-Google Engineer Unlikely To Beat AI Trade Secrets Charges
A California federal judge indicated Tuesday that he's unlikely to toss economic espionage charges against an ex-Google engineer accused of stealing artificial intelligence trade secrets to benefit startups in China, but said he "can't shake the feeling" that prosecutors wouldn't have brought the case if it involved a different country.
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April 08, 2025
SEC's Uyeda Urges Review Of Federal-State Oversight Splits
The acting chairman of the U.S. Securities and Exchange Commission on Tuesday called for a reevaluation of the threshold that divides federal and state oversight of investment advisers, saying he wants to better conserve SEC and taxpayer resources by focusing on the largest advisers.
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April 08, 2025
German Pharma Giant Stada Pauses IPO As Volatility Endures
Private equity-backed German pharmaceutical company Stada is halting its initial public offering amid market volatility, joining several U.S. companies that are pausing plans while they assess the fallout from President Donald Trump's tariff policy.
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April 08, 2025
Barings Snags Aircraft Portfolio Valued At Over $200M
Investment manager Barings on Tuesday announced that it has agreed to buy an aircraft portfolio valued at more than $200 million through its capital solutions platform.
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April 08, 2025
DLA Piper Adds Wilson Sonsini Corporate Ace In LA
A veteran corporate attorney experienced in the life sciences and technology industries has jumped from Wilson Sonsini Goodrich & Rosati PC to DLA Piper.
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April 08, 2025
Cravath Private Equity Co-Leader Joins Sidley In New York
Sidley Austin LLP announced Tuesday that the former co-head of Cravath Swaine & Moore LLP's private equity group is the latest addition to its growing mergers and acquisitions and private equity bench.
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April 08, 2025
Sidley Austin Expands M&A Group, Hires Ex-Milbank Partner
Sidley Austin LLP announced Monday another addition to its mergers and acquisitions practice in New York, hiring a former Milbank LLP attorney as a partner.
Expert Analysis
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Series
Documentary Filmmaking Makes Me A Better Lawyer
Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.
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Litigation Funding Disclosure Debate: Strategy Considerations
In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.
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Top Considerations For Insurance Companies In 2025
As insurance industry participants look to plan for the year, regulatory changes, climate-related challenges, the ongoing effects of social inflation and the potential for significant mergers and acquisitions will be among the key items for insurer boards and management to have on their radar, say attorneys at Debevoise.
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Scope And Nature Of Judicial Relief Will Affect Loper's Impact
The practical result of post-Loper Bright rulings against regulatory actions will depend on the relief courts grant — and there has been controversy in these types of cases over whether the ruling is applied just to the parties or nationwide, and whether the action can be left in place while it's corrected, says Steven Gordon at Holland & Knight.
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Series
Adventure Photography Makes Me A Better Lawyer
Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.
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5 Ways To Create Effective Mock Assignments For Associates
In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.
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Assessing Gary Gensler's Legacy At The SEC
Gary Gensler's tenure as U.S. Securities and Exchange Commission chair is defined by a record of commonsense regulation in some areas and social activism in others, and by increasing judicial skepticism about the SEC's authority to fulfill its regulatory, enforcement, administrative law and adjudicatory functions, say attorneys at Arnold & Porter.
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Recent SEC Actions Highlight Importance Of Filing Form D
The U.S. Securities and Exchange Commission's enforcement action against three companies last month for failing to timely file Form D is an unprecedented step that should put an end to Regulation D issuers' views that filing these forms is a technical requirement or somewhat voluntary, says Patrick McCloskey at McCloskey Law.
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Recent Suits Show Antitrust Agencies' Focus On HSR Review
The U.S. Department of Justice's suit this month against KKR for inaccurate and incomplete premerger filings, along with other recent cases, highlights the agency's increasing scrutiny of Hart-Scott-Rodino Act compliance for private equity firms, say attorneys at Willkie.
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Mentorship Resolutions For The New Year
Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.
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PE Strategies To Manage Adjacent Portfolio Firm Conflicts
A variety of tools can mitigate potential risk for a private equity director sitting on the board of directors of multiple companies, including the disclosure of potential conflicts in fundraising documents to help mitigate risk under the securities laws, says Michael Kendall at Goodwin.
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Series
Coaching Little League Makes Me A Better Lawyer
While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.
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5 Litigation Funding Trends To Note In 2025
Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.
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The Blueprint For A National Bitcoin Reserve
The new administration has the opportunity to pave the way for a U.S.-backed crypto reserve, which could conceptually function as a strategic asset akin to traditional reserves like gold markets, hedge against economic instability, and influence global crypto adoption, say attorneys at Duane Morris.
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Rethinking Litigation Risk And What It Really Means To Win
Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.