Private Equity

  • November 05, 2025

    Del. Justices Weigh Noncompete After Equity Forfeiture

    The Delaware Supreme Court Wednesday probed whether a fire and life-safety services company's restrictive covenants tied to incentive equity remain enforceable after its fired executive no longer holds that equity, considering if retracting the inducements extinguished post-employment obligations.

  • November 05, 2025

    Bain Capital Gives Perpetual's Wealth Business Another Go

    Australian investment manager Perpetual confirmed on Wednesday it is in exclusive talks with Bain Capital for a potential sale of its wealth management unit, which advises on about $14 billion. 

  • November 05, 2025

    X Ends Sex Bias Suit Over Twitter Acquisition Layoffs

    X Corp. has ended a sex bias suit from a former employee who accused the company of enacting harsh working conditions after Elon Musk's takeover of social media company Twitter in order to strategically push out women workers.

  • November 05, 2025

    Home Remodel Group Renovo Files Ch. 7 With $100M+ Debt

    Renovo Home Partners, a company that rolled up home improvement businesses while backed by private equity, has filed for Chapter 7 in Delaware bankruptcy court, declaring up to $500 million in debt across almost 20 affiliates.

  • November 05, 2025

    Kirkland Advises Fortress As Ripple Lands $500M Fundraise

    Crypto company Ripple announced Wednesday it secured a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group along with affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.

  • November 05, 2025

    Alternative Asset Manager Kicks Off £30M Share Buyback

    Alternative asset manager Pollen Street Group Ltd. launched a new share repurchase program on Wednesday worth up to £30 million ($39 million), a move expected to downsize the company's share capital.

  • November 04, 2025

    Ex-Beneficient CEO Stole $150M From GWG, Feds Say

    The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which he served as chairman, according to a New York federal grand jury indictment unsealed Tuesday.

  • November 04, 2025

    3 Firms Steer $1.45B Sale Of TriMas Aerospace

    Engineered products maker TriMas, advised by Jones Day, on Tuesday announced that it has agreed to sell its aerospace business to Goodwin Procter LLP-advised capital markets firm Tinicum LP in a $1.45 billion all-cash deal.

  • November 04, 2025

    StraightPath Founders Convicted Of Massive Stock-Sale Fraud

    A Manhattan federal jury found stock vendor StraightPath's three founders guilty Tuesday on charges of defrauding clients who purchased pre-initial public offering shares from them, capping a trial where prosecutors cited "overwhelming" evidence of a $400 million "web of lies."

  • November 04, 2025

    AI Holding Biz Beacon Software Closes $250M Funding Round

    Artificial intelligence holding company Beacon Software on Tuesday announced that it wrapped its Series B funding round with $250 million in tow, bringing the company's total funding to $335 million since its founding last year.

  • November 04, 2025

    2 Firms Advise CBRE's $1.2B Pearce Services Deal

    Real estate services firm CBRE Group Inc. announced Tuesday that it acquired Pearce Services LLC, a service provider for electromechanical infrastructure in North America, from New Mountain Capital in a $1.2 billion deal guided by Sullivan & Cromwell LLP and Ropes & Gray LLP.

  • November 04, 2025

    2nd Circ. Hints Bankman-Fried's $11B Forfeiture Is Overkill

    The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases tasking the court with determining if such money judgments pass Eighth Amendment muster.

  • November 04, 2025

    2 Firms Guide $800M Intuitive-Lanteris Spacecraft Deal

    Intuitive Machines Inc., a space technology and infrastructure services company, said Tuesday it has agreed to acquire Lanteris Space Systems from Advent International for $800 million in a deal steered by Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges, respectively.

  • November 04, 2025

    Kirkland, Davis Polk Steer Aircraft Maker Beta's $1B IPO

    Electronic aircraft and propulsion system manufacturer Beta Technologies made its public debut on Tuesday after raising $1 billion in its upsized initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters.

  • November 04, 2025

    Blackstone Injecting $700M Into Merck Cancer Therapy

    Merck & Co. said Tuesday it will receive $700 million from Blackstone Life Sciences to help fund development of sacituzumab tirumotecan, an experimental antibody-drug conjugate targeting TROP2, a protein found on many cancer cells.

  • November 04, 2025

    5 Firms Steer Denny's $620M Go-Private Deal

    At least five law firms are helping to steer Denny's Corp.'s new agreement for the diner chain operator to go private through a $620 million sale to investment firms TriArtisan Capital Advisors and Treville Capital Group and Denny's franchise operator Yadav Enterprises.

  • November 04, 2025

    Linklaters Backs Apollo's $6.5B Deal For 50% Of Wind Project

    U.S. asset manager Apollo said it is paying $6.5 billion for a 50% stake in the world's largest wind project, owned by Denmark's Ørsted, to help fund the remaining construction costs.

  • November 03, 2025

    'Exercise More Restraint,' Judge Tells OpenAI Co-Founder

    A California federal judge had little patience for an OpenAI co-founder trying to limit his forced participation in Elon Musk's lawsuit challenging the ChatGPT maker's transition to a for-profit structure, admonishing the former executive for contesting a magistrate judge's order with motions filed while federal courts work unpaid.

  • November 03, 2025

    StraightPath Stock Clients Got Paid, Not Duped, NY Jury Told

    Securities vendor StraightPath paid profit-hungry clients "a ton of money," counsel for one of its three founders told a Manhattan federal jury Monday, pushing back after prosecutors cited "overwhelming" evidence of fraud in an alleged $400 million "web of lies."

  • November 03, 2025

    MoFo Atty Brings Derivates Knowledge To Dentons As Partner

    Dentons has hired a former Morrison Foerster LLP of counsel who spent 17 years there advising banks, investment firms and hedge funds on a range of matters involving derivatives, swaps and hedging transactions, the firm announced Monday.

  • November 03, 2025

    CompoSecure, Husky Technologies To Merge, Form $7.4B Biz

    Paul Weiss Rifkind Wharton & Garrison LLP-advised CompoSecure, which makes metal payment cards, on Monday unveiled plans to merge with Husky Technologies Ltd., led by Latham & Watkins LLP, in a deal that will value the combined business at roughly $7.4 billion.

  • November 03, 2025

    Bernstein Litowitz, Robbins Geller To Lead $8.9B Class Action

    The Delaware Chancery Court has tapped Bernstein Litowitz Berger & Grossmann LLP and Robbins Geller Rudman & Dowd LLP to lead stockholder litigation over an $8.9 billion take-private deal, citing the firms' alignment with institutional investors holding the largest stake.

  • November 03, 2025

    Latham Adds Private Equity Firm's Veteran GC In Houston

    Latham & Watkins LLP has grown its mergers and acquisitions and private equity practice in the Lonestar State with the addition of the longtime general counsel for private equity firm The Sterling Group, the firm said Monday.

  • November 03, 2025

    Amazon, OpenAI Ink $38B Compute Infrastructure Deal

    Amazon Web Services said Monday it has entered into a seven-year, $38 billion strategic partnership with OpenAI to provide computing infrastructure that will run and scale the ChatGPT maker's core artificial intelligence workloads.

  • November 03, 2025

    Paul Weiss Helps Montagu Raise €2B For Continuation Vehicle

    Private equity company Montagu said Monday that it has raised €2 billion ($2.3 billion) for a fund that will allow it to continue to own British connectivity business Wireless Logic Ltd.

Expert Analysis

  • Series

    Teaching Business Law Makes Me A Better Lawyer

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    Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.

  • Navigating The Expanding Frontier Of Premerger Notice Laws

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    Washington's newly enacted law requiring premerger notification to state enforcers builds upon a growing trend of state scrutiny into transactions in the healthcare sector and beyond, and may inspire other states to enact similar legislation, say attorneys at Simpson Thacher.

  • Deregulation Memo Presents Risks, Opportunities For Cos.

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    A recent Trump administration memo providing direction to agencies tasked with rescinding regulations under an earlier executive order — without undergoing the typical notice-and-review process — will likely create much uncertainty for businesses, though they may be able to engage with agencies to shape the regulatory agenda, say attorneys at Blank Rome.

  • Series

    Law School's Missed Lessons: Mastering Discovery

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    The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.

  • Opinion

    Proposals Against Phillips 66 Threaten Corporate Law

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    Activist investor Elliott Investment Management's latest attempted tactic — initiating a high-stakes proxy contest against Phillips 66 — goes too far and would cause the company to both violate Delaware law and avoid the legal exception to the shareholder proposal process, says J.W. Verret at George Mason University.

  • Parsing The SEC's New Increased Co-Investment Flexibility

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    The U.S. Securities and Exchange Commission's new co-investment exemptive orders simplify processes and reduce barriers for regulated funds — and rulemaking may evolve further to allow investors access to additional investment opportunities and increase available capital for issuers seeking to raise money from fund complexes, say attorneys at Simpson Thacher.

  • Series

    Playing Guitar Makes Me A Better Lawyer

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    Being a lawyer not only requires logic and hard work, but also belief, emotion, situational awareness and lots of natural energy — playing guitar enhances all of these qualities, increasing my capacity to do my best work, says Kosta Stojilkovic at Wilkinson Stekloff.

  • Crisis Management Lessons From The Parenting Playbook

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    The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.

  • Series

    Adapting To Private Practice: From NY Fed To BigLaw

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    While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.

  • Top 3 Litigation Finance Deal-Killers, And How To Avoid Them

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    Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.

  • How Attys Can Use A Therapy Model To Help Triggered Clients

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    Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.

  • A Tale Of Two Admins: Parsing 1st Half Of SEC's FY 2025

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    The first half of the U.S. Securities and Exchange Commission's fiscal year 2025, which ended March 31, was unusually eventful, marked by a flurry of enforcement actions in the last three months of former Chair Gary Gensler's tenure and a prompt pivot after Inauguration Day, say attorneys at Jones Day.

  • What Bank Regulator Consolidation Would Mean For Industry

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    Speculation over the Trump administration’s potential plans to consolidate financial service regulators is intensifying uncertainty, but no matter the outcome for the Consumer Financial Protection Bureau, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency, the industry should expect continued policy changes, say attorneys at Foley & Lardner.

  • 3 Steps For In-House Counsel To Assess Litigation Claims

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    Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.

  • Series

    Teaching College Students Makes Me A Better Lawyer

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    Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.

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