Private Equity

  • June 21, 2021

    Fenwick-Led Cybersecurity Firm Unveils Plans For $880M IPO

    Venture-backed cybersecurity software provider SentinelOne Inc., advised by Fenwick & West LLP, on Monday unveiled a price range on an estimated $880 million initial public offering, one of 11 companies to launch plans for new issuances as the June IPO blitz accelerates.

  • June 21, 2021

    Proofpoint Investors Sue Over $12.3B Merger Proposal

    Cybersecurity company Proofpoint Inc. was hit Friday with a proposed investor class action in New York federal court alleging the company failed to disclose to shareholders key details about a $12.3 billion take-private merger.

  • June 21, 2021

    Kirkland, Davis Polk Rep Clearlake Unit's $1.3B Lydall Buy

    Clearlake Capital Group LP-owned Unifrax said Monday it will pay $1.3 billion for fellow specialty manufacturing business Lydall in a deal led by Kirkland and Davis Polk.

  • June 21, 2021

    Kirkland-Led GI Partners Grabs $3.9B For 6th Flagship Fund

    GI Partners, guided by Kirkland & Ellis, has clinched its latest fund after securing $3.9 billion from limited partners, with plans to target investments in areas like health care, IT services and software, the San Francisco-based private equity shop said Monday.

  • June 21, 2021

    12 Firms Assist On $5.7B Deal For Chinese HR Services Co.

    A consortium led by Chinese private equity shop DCP Capital Partners will buy China-based human resources provider 51job Inc. at an equity value of about $5.7 billion, the companies said Monday, in a transaction built by 12 law firms.

  • June 18, 2021

    Many Zohar Claims Get 2nd Chance In Tilton Ch. 11 Suit

    A Delaware bankruptcy judge dismissed a string of claims Friday in a 15-month-old Chapter 11 battle between interests of distressed-debt mogul Lynn Tilton and bankrupt Zohar Funds holding more than $1.4 billion in Tilton venture-related debt, but allowed repleading for a majority of those tossed.

  • June 18, 2021

    BNY Mellon Fights Ruling Keeping Self-Dealing Suit Afloat

    The Bank of New York Mellon urged a Pennsylvania federal judge Thursday to rethink her ruling requiring it to face a proposed class action accusing it of funneling money from high-net-worth clients into underperforming investments it owned or benefited from, arguing the claims are preempted by federal securities law.

  • June 18, 2021

    SEC Gears Up For Another Look At Private Offering Rules

    The U.S. Securities and Exchange Commission appears ready to once again review private offering rules, backed by a new Democratic majority that could favor stronger requirements than those enacted by the prior Republican-led commission.

  • June 18, 2021

    Health Hires: Sheppard Mullin, Elanco, Yumanity Therapeutics

    Sheppard Mullin Richter & Hampton LLP continued to beef up its corporate and health care bench with an addition from Manatt Phelps & Phillips LLP, while life sciences companies including Elanco Animal Health Inc. and Yumanity Therapeutics have tapped new general counsel, headlining Law360's latest roundup of personnel moves in the health care and life sciences arena.

  • June 18, 2021

    HSBC Plans To Sell French Retail Banking Unit At $2.3B Loss

    HSBC said Friday it's planning to sell its French retail banking unit at a €1.9 billion ($2.3 billion) loss to private equity-backed My Money Group, which was guided by Cleary Gottlieb.

  • June 18, 2021

    Attys Seek $6.9M For 'Trailblazing' Work On Fresh Market Suit

    Friedlander & Gorris and Robbins Geller are seeking roughly $6.9 million for what they say was "trailblazing" work as part of a proposed $27.5 million settlement to a Delaware Chancery Court suit over the $1.4 billion take-private sale of specialty grocery chain Fresh Market.

  • June 18, 2021

    4 Firms Lead Clinical Stage Atai For $3B Valuation In IPO

    Mental health-focused biopharmaceutical atai had a strong Nasdaq debut Friday, as its stock price rose about 30%, giving the company a market valuation of nearly $3 billion following an upsized initial public offering led by four law firms, including Dentons and Latham & Watkins LLP.

  • June 18, 2021

    At Home's Top Investor Urges Rejection Of Take-Private Bid

    CAS Investment Partners, the largest shareholder in At Home Group, is asking fellow investors to join in on rejecting the home decor retailer's recently sweetened go-private deal with Hellman & Friedman, saying Friday the transaction significantly undervalues the target.

  • June 18, 2021

    O'Melveny Fintech Head Moves To Paul Hastings

    Paul Hastings snapped up the former head of O'Melveny & Myers' financial technology practice for its capital markets and payments group, adding to its roster of attorneys with expertise in blockchain as well as more traditional payment technologies.

  • June 18, 2021

    Don't Miss It: Latham, Kirkland Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in the last several days helmed by firms such as Kirkland & Ellis LLP and Latham & Watkins LLP. Here, Law360 recaps the ones you may have missed.

  • June 17, 2021

    Live Chat Co. Wins $30M In Jury Trial Over Trade Secrets Theft

    Sequoia Capital-backed customer service technology company [24]7.ai ripped off trade secrets belonging to rival LivePerson and engaged in unfair competition that helped it land contracts with heavyweights like Sears and Capital One, a California federal jury found Thursday, awarding the live chat company $30 million in damages.

  • June 17, 2021

    Wilson-Advised Insurer AI Co. Hits $1B Value After Series D

    Wilson Sonsini-advised startup Tractable, which develops artificial intelligence tools for insurers, said Thursday that it has reached a valuation of $1 billion following a $600 million Series D round led by Insight Partners and Georgian Partners.

  • June 17, 2021

    Cooley-Led Biotech Firm Leads 4 IPOs Totaling $847M

    Cancer-focused Lyell Immunopharma Inc. went public Thursday after raising $425 million, the largest of four IPOs totaling $847 million that also included a gene-editing biotechnology firm, an online marketplace for biospecimens and a real estate investment trust, guided by seven firms.

  • June 17, 2021

    Latham, Simpson Steer Car Wash Co.'s $600M IPO Launch

    Car wash operator Mister Car Wash Inc. set a price range on Thursday for an initial public offering estimated to raise $600 million, with guidance from Latham & Watkins and underwriters' counsel Simpson Thacher.

  • June 17, 2021

    Joint NY, Fla. Receivership Proposed In $150M PE Fund Case

    A receiver administering the assets of a private equity fund whose CEO is accused of defrauding two banks of nearly $150 million told a Florida federal judge Thursday that he is working on a proposal for a novel joint receivership that would be overseen by federal judges in Florida and New York, where the CEO is facing both criminal charges and a civil suit.

  • June 17, 2021

    Washington Prime Asks For Approval Of Ch. 11 Backstop Deal

    Mall owner Washington Prime Group Inc., which has filed for Chapter 11 protection, asked a Texas bankruptcy court judge Thursday to approve a backstop deal where creditors have agreed to cover a $325 million new rights offering the company says is crucial to its post-bankruptcy future.

  • June 17, 2021

    Rising Star: Simpson Thacher's William Allen

    William Allen of Simpson Thacher & Bartlett LLP served as a chief day-to-day manager in the $27 billion sale of Refinitiv to the London Stock Exchange Group, in a deal involving complex regulatory hurdles that closed in January, earning him a spot among the top private equity law practitioners under age 40 honored as Law360 Rising Stars.

  • June 17, 2021

    Deals Rumor Mill: Didi Chuxing, Azelis, EBay

    Chinese ride-hailing giant Didi Chuxing has hired five more banks to assist on its planned U.S. IPO, EQT may take public a €6 billion specialty chemicals distributor, and eBay is selling its South Korean business for $3.6 billion. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • June 17, 2021

    3 Firms Steer SPAC Deal For $2.6B Radiation Detection Co.

    Private equity-backed Mirion Technologies will go public at an enterprise value of roughly $2.6 billion by merging with a special purpose acquisition company sponsored by an affiliate of Goldman Sachs Group, in a deal announced Thursday that was built by three law firms.

  • June 17, 2021

    Kirkland, Simpson Steer Danaher's $9.6B Aldevron Buy

    Danaher Corp., counseled by Kirkland & Ellis, will snap up private equity-backed life sciences company Aldevron, advised by Simpson Thacher, for roughly $9.6 billion, the companies said Thursday.

Expert Analysis

  • Attorneys Beware: Zoom Depositions Are Likely Inadmissible

    Author Photo

    As legal proceedings have moved online in light of the pandemic, lawyers may mistakenly believe that recorded Zoom video depositions can be entered as evidence, but without certain safeguards, the testimony is unlikely to be accepted by courts, says Phillip Zisook at Schoenberg Finkel.

  • How Global Markets Are Preparing For Potential SPAC Growth

    Author Photo

    As the rising popularity of special purpose acquisition companies extends beyond the U.S., attorneys at Morgan Lewis look at how governments in Asia and Europe are positioning themselves through regulatory shifts, and what market trends can be expected in the U.S.

  • Opinion

    NJ Fed. Court Should Ditch Litigation Funding Disclosure Plan

    Author Photo

    The District of New Jersey's wide-reaching proposal to require automatic disclosure of third-party litigation finance poses several problems for attorneys and litigants alike and should be nipped in the bud, say Sarah Williams and Marlon Becerra at Validity Finance.

  • How To Assess Price Volatility Changes In SPAC Class Actions

    Author Photo

    Adjusting for changing volatility over a special purpose acquisition company's life cycle, as well as changes in marketwide volatility, is crucial for proper evaluation of market efficiency, loss causation and damages claims in securities class actions, say Alok Khare and Erica Rose at FTI Consulting.

  • Law Firm Talent Must Reflect Shifting US Demographics

    Author Photo

    Stephanie Scharf at Scharf Banks and Roberta Liebenberg at Fine Kaplan analyze and project U.S. demographic trends to show that law firms that hope to succeed long-term must recruit, retain and advance female lawyers and lawyers of color, and they outline six steps for meeting these goals.

  • A Biz Strategy Model To Improve Lateral Atty Hiring Diversity

    Author Photo

    Quantitative comparison tools commonly used by companies in evaluating merger targets will allow law firms to assess lateral hire candidates in a demographically neutral manner, help remove bias from the hiring process and bring real diversity to the legal profession, says Thomas Latino at Florida State University.

  • Opinion

    FTC's Drop Of Illumina-Grail Federal Court Case Raises Uncertainty

    Author Photo

    The Federal Trade Commission's move to drop its lawsuit challenging the proposed merger of Illumina and its cancer-screening spinoff Grail is procedural posturing that undermines the agency's goals and has created maximum uncertainty for companies focused on creating life-saving technologies, say Zarema Jarimillo and Leiv Blad at Lowenstein Sandler.

  • Smaller Firms Need Employee Wellness Programs, Too

    Author Photo

    As we emerge from the pandemic, small and midsize firms — which offer an ideal setting for companywide connection — should follow in the footsteps of larger organizations and heed the American Bar Association’s recommendations by adopting well-being initiatives and appointing a chief wellness officer, says Janine Pollack at Calcaterra Pollack.

  • Stop Networking, Start Relationship Marketing

    Author Photo

    USA 500 Clubs' Joe Chatham offers four tips for lawyers to get started with relationship marketing — an approach to business development that prioritizes authentic connections — and explains why it may be more helpful than traditional networking post-pandemic.

  • What Attorneys Should Know About Fee Deferral

    Author Photo

    Milestone Consulting’s John Bair explores contingency-fee structuring considerations for attorneys, laying out the advantages — such as tax benefits and income control — as well as caveats and investment options.

  • Predictions On Pandemic's Lasting Impact On Legal Education

    Author Photo

    The pandemic accelerated the pace of technological change for legal education, and some of the changes to how law school courses are taught and on-campus interviews are conducted may be here to stay, says Leonard Baynes at the University of Houston.

  • Lawyer Perfectionism Is A Disease We Can Control

    Author Photo

    The pursuit of perfection that is prevalent among lawyers can lead to depression, anxiety and other mental health impacts, but new attorneys and industry leaders alike can take four steps to treat this malady, says Liam Montgomery at Williams & Connolly.

  • 5 Tips To Help Your 2021 Summer Associates Succeed

    Author Photo

    Despite pandemic-related challenges this year, law firms can effectively train summer associates on writing and communicating — without investing more time than they ordinarily would, says Julie Schrager at Schiff Hardin.

  • Firms Should Use Surveys To Make Smart Legal Tech Choices

    Author Photo

    The utility of legal technology innovations may be limited without clear data and objectives from the outset, but targeted surveys can provide specific insights that enable law firms to adopt the most appropriate and efficient tech solutions, says Tim Scott at Frogslayer.

  • Don't Forget Due Diligence In Race For Lateral Associate Hires

    Author Photo

    Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.

Want to publish in Law360?


Submit an idea
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!