Private Equity

  • March 20, 2026

    Davis Polk, Skadden Lead UK Mining Firm's Upsized $60M IPO

    London-based Guardian Metal Resources PLC began trading Friday in the U.S. after raising $60 million in its initial public offering.

  • March 20, 2026

    PE Firms Map Exits Early As Routes To Liquidity Get Murkier

    Private equity firms are planning exits earlier than ever as a core element of due diligence, but executing those departures has become more complex amid competing incentives among investors and sponsors, panelists said Friday at the Tulane Corporate Law Institute.

  • March 20, 2026

    New FTC Merger Form On Ice During 5th Circ. Appeal

    Merging companies are free to use the Federal Trade Commission's older, less onerous merger notice after the Fifth Circuit rejected a bid to keep the agency's overhaul of the filing requirements in place while enforcers appeal a case challenging the changes.

  • March 20, 2026

    Taxation With Representation: Clifford Chance, Davis Polk

    In this Week's Taxation With Representation, Public Storage acquires National Storage Affiliates Trust, 3M teams up with Bain Capital to buy Madison Fire & Rescue, and Mastercard acquires stablecoin infrastructure firm BVNK.

  • March 20, 2026

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

    The past week in London has seen an ex-professional footballer revive a dispute with Charles Russell Speechlys, Virgin Media face a group data protection claim after hundreds of thousands of customers' personal details were exposed online for months, and Mishcon de Reya sued by a real estate private equity firm founded by a former Morgan Stanley executive.

  • March 20, 2026

    Realty Income, Apollo Target Single-Tenant Retail In $1B JV

    Under a joint venture, private equity firm Apollo Global Management has agreed to invest $1 billion with real estate investment trust Realty Income Corp. to acquire a portfolio of single-tenant retail properties subject to long-term leases.

  • March 20, 2026

    Covington Steers Ecolab On $4.75B Data Center Cooling Deal

    Ecolab said Friday it has agreed to acquire CoolIT Systems, a company focused on liquid cooling technology for artificial intelligence data centers, from private equity firm KKR for approximately $4.75 billion, with Covington & Burling LLP advising Ecolab on the deal. 

  • March 19, 2026

    Depo Stay Kept As Trump Media Settles Merger Docs Dispute

    A Florida state judge on Thursday kept a roughly one-month pause on the deposition of certain individuals in Trump Media's lawsuit alleging an investor botched the platform's initial public offering, allowing an arbitrator to resolve a dispute over who controls documents related to the merger with a special purpose acquisition company.

  • March 19, 2026

    Fed. Circ. Rejects Last Challenge To Squires' Discretion

    The Federal Circuit on Thursday shot down Volkswagen's mandamus petition claiming that the U.S. Patent and Trademark Office director shouldn't have "unfettered discretion" to deny Patent Trial and Appeal Board challenges, closing the last of 14 related appeals.

  • March 19, 2026

    Tulane Panel Flags Growing Political Influence On Dealmaking

    At the annual Tulane Corporate Law Institute on Thursday, panelists warned that politics is increasingly shaping dealmaking and complicating how transactions are negotiated and executed, with one likening the discussion to a "hostage" situation.

  • March 19, 2026

    Prologis, GIC Ink $1.6B Build-To-Suit Logistics JV

    Logistics real estate leader Prologis and investor GIC announced that they have formed a $1.6 billion joint venture to develop and own build-to-suit logistics facilities across major U.S. markets.

  • March 19, 2026

    Ex-Workers Ask 11th Circ. To Overturn ERISA Exhaustion Rule

    Former workers for a seafood company urged the full Eleventh Circuit to overturn precedent that led a three-judge panel to uphold dismissal of their suit alleging mismanagement of an employee stock ownership plan, arguing the court's strictest-in-the-nation standard on exhausting administrative remedies didn't align with federal benefits law.

  • March 19, 2026

    3M, Bain Buying Madison Fire & Rescue For $1.95B

    Worker safety and consumer goods conglomerate 3M, advised by King & Spalding LLP, and private equity giant Bain Capital, led by Kirkland & Ellis LLP, on Thursday announced that they have agreed to acquire Paul Hastings LLP-advised Madison Fire & Rescue from Madison Industries in a $1.95 billion deal.

  • March 19, 2026

    PE Behemoths Eye $10B OpenAI JV, Plus More Rumors

    Private equity firms, including TPG and Bain Capital, are considering forming a $10 billion joint venture with OpenAI, Finnish lift maker Kone Oyj is mulling an acquisition of its rival TK Elevator, and Australian investment firm Macquarie has backed out of a bidding war for a stake in Kuwait's oil pipeline network due to the conflict in the Middle East.

  • March 18, 2026

    Kyndryl Hid Cash Management Malpractice, Investor Claims

    Information technology services company Kyndryl Holdings Inc. and a current and former executive were hit with a proposed shareholder class action accusing them of misleading investors with representations that the company had sufficient control over its cash management practices.

  • March 18, 2026

    BofA Faces Suit Over Alleged $328M Crypto Ponzi Scheme

    Bank of America NA is the latest financial institution to face claims it aided and abetted a $328 million Ponzi scheme allegedly operated by the now-criminally charged CEO of cryptocurrency investment firm Goliath Ventures.

  • March 18, 2026

    NYU Tax Center Backs IRS In 2nd Circ. Limited Partner Fight

    An investment company's bid to restore a self-employment tax exemption for its limited partners improperly relies on state law to define their federal tax status, New York University's Tax Law Center told the Second Circuit in an amicus brief supporting the IRS.

  • March 18, 2026

    Security Biz Xbow Valued At $1B Following $120M Fundraise

    Offensive security company Xbow on Wednesday revealed that it reached a $1 billion valuation after closing a $120 million Series C funding round.

  • March 18, 2026

    KKR Plugs $310M Into Partnership With Indian E-Bus Biz

    Private equity giant KKR on Wednesday unveiled a strategic partnership with Indian electric commercial vehicle maker PMI Electro Mobility Solutions Private Ltd. and Allfleet in which KKR will plug up to $310 million to help grow Allfleet's electric bus platform and advance PMI Electro's manufacturing capabilities.

  • March 17, 2026

    SIFMA, Other Orgs Weigh In On SEC's 'Small Entity' Proposal

    The Securities Industry and Financial Markets Association is urging the U.S. Securities and Exchange Commission to increase its oversight of investment advisers should it move forward with a plan to categorize more mutual funds and advisers as small entities, saying the current playing field disadvantages broker-dealers.

  • March 17, 2026

    OpenAI, Musk Can't Argue Over Wealth In $38M Fraud Trial

    A California federal judge laid out the ground rules for an upcoming April jury trial on Elon Musk's claims OpenAI duped him into donating $38 million, barring evidence regarding the "wealth or lack thereof of any party," unless the dispute reaches the punitive damages stage, which the judge called "unlikely."

  • March 17, 2026

    BlackRock, State Street Want GOP States' ESG Suit Pared

    BlackRock and State Street have asked a Texas federal judge to significantly winnow antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that claims based on electricity buyers are too far removed from coal.

  • March 17, 2026

    Mich. Judge Denies SEC Win On Crowdfund Fraud, Urges Deal

    A Michigan federal judge Tuesday shot down the U.S. Securities and Exchange Commission's bid for summary judgment against a man the agency accused of orchestrating a $2 million cannabis crowdfunding fraud, finding the case might be better suited for settlement talks.

  • March 17, 2026

    Gradient Wraps $220M AI-Focused Venture Fund

    San Francisco-based venture capital firm Gradient on Tuesday announced that it wrapped its latest flagship seed fund after securing $220 million in investor commitments.

  • March 17, 2026

    Skechers Controllers Accused Of Unfair $9.4B 3G Buyout

    A Detroit pension fund is challenging the $9.4 billion take-private sale of Skechers U.S.A. Inc. to 3G Capital in Delaware Chancery Court, alleging the footwear company's controlling stockholders engineered an unfair deal that favored themselves at the expense of minority investors.

Expert Analysis

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • How AI Data Centers Are Elevating Development Risk In 2026

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    As thousands of artificial intelligence data center constructions continue to pop up across the U.S., such projects must be treated not as simple real estate developments, but as infrastructure programs where power, supply chains and technology integration all drive both schedule and risk, say attorneys at Cozen O’Connor.

  • How State FCA Activity May Affect Civil Fraud Enforcement

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    A growing trend of state attorneys general enforcing their False Claims Act analogues independently of the U.S. Department of Justice carries potential repercussions for civil fraud enforcement and qui tam litigation considerations, say Li Yu at Bernstein Litowitz, Ellen London at London & Naor and Gwen Stamper at Vogel Slade.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Saks' Post-M&A Bankruptcy Illustrates Current Market Risks

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    The recent Saks Fifth Avenue bankruptcy occurred on the heels of its merger with fellow luxury purveyor Neiman Marcus, showing that capital structure, not concept, dictates resilience when conditions turn, says Ben Thompson at Thompson.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • Tips For Counsel As PE Eyes Data Center Facility Services

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    As private equity interest in specialized commercial facility services providers heightens, considerations for counsel and private equity investors run the gamut from contract transferability to facility compliance, say attorneys at Morgan Lewis.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

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