Private Equity

  • May 29, 2020

    Neiman Marcus Ch. 11 Examiner Bid Dropped After Criticism

    A Neiman Marcus noteholder withdrew its request Friday for a probe of a pre-Chapter 11 transfer of $1 billion to the retailer's private equity owners, after a Texas bankruptcy judge criticized both the motion and the performance of a Neiman director on the stand.

  • May 29, 2020

    Chancery Tosses Tardy Investor Suit Over Undervalued Biz

    A private equity investor that sat out an appraisal suit challenging a tech company's 2013 cash-out merger price, only to see the Delaware Chancery Court set a price 2.6-times higher for those who did, waited too long to sue the company's controllers afterward, a Delaware vice chancellor ruled Friday.

  • May 29, 2020

    Latham, Meitar Lead Fiverr's $120M Follow-On Deal

    Israeli online marketplace startup Fiverr, led by Latham & Watkins and Israeli firm Meitar, priced a follow-on offering at $120 million to raise money for growth and general business activities.

  • May 29, 2020

    Don't Miss It: Ropes, DLA Piper Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed multiple deals announced in the last several days helmed by firms such as Ropes & Gray and DLA Piper. Here, Law360 recaps the ones you may have missed.

  • May 29, 2020

    Coronavirus Q&A: Foley & Lardner's Health Practice Chair

    In this edition of Coronavirus Q&A, one of Foley & Lardner LLP's top health lawyers discusses how the pandemic's psychological trauma could reshape mental health care and what COVID-19's brutal toll on senior citizens means for nursing home operations and investments.

  • May 29, 2020

    Can Cannabis Survive The Virus? The Cash Crunch Intensifies

    Nearly three months after the pandemic stay-at-home orders began, cannabis companies already facing a capital crunch are encountering fewer investors, more questions and harsher terms as they fight to raise the money to stay in business beyond COVID-19.

  • May 29, 2020

    Allen & Overy-Led Peet's Coffee Owner Prices €2.25B IPO

    Guided by Allen & Overy LLP, the owner of Peet's Coffee priced its upsized initial public offering Friday, which it said would raise approximately €2.25 billion (about $2.5 billion), in one of the largest offerings of 2020 that values the beverage company at about $17.3 billion.

  • May 29, 2020

    Kirkland, Sidley Steer Starwood's $325M Lifeline To TPG Unit

    Starwood Capital has agreed to inject up to $325 million into a troubled TPG real estate finance unit, a deal guided by Sidley Austin LLP and Kirkland & Ellis LLP that's intended to help keep the unit afloat in the current market conditions.

  • May 29, 2020

    Taxation With Representation: White, Freshfields, Fenwick

    In this week's Taxation With Representation, Panasonic takes a minority stake in supply chain company Blue Yonder, private equity firm Goldfinch Partners takes a majority stake in fintech services provider Vesta, and Coinbase acquires crypto-focused prime brokerage platform Tagomi.

  • May 29, 2020

    Pa. Law Firm Sued Over Client's $134M Unpaid Judgment

    A private equity financier has filed suit against Pittsburgh law firm Elliott & Davis PC and its client, the husband of a high-profile Indian technology executive, saying the firm has been paid with funds owed to the lender as part of a $134 million judgment in a separate case.

  • May 29, 2020

    3 Firms Steer Oncology Biotech's $350M Spinoff, IPO Plans

    Legend Biotech, a clinical-stage biotechnology company being spun out of GenScript, said Friday it hopes to raise $350 million in an initial public offering steered by Cooley LLP, Harney Westwood & Riegels and JunHe LLP.

  • May 29, 2020

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

    The past week in London has seen German financier Lars Windhorst dragged into court by a hospitality company, an Emirati lender sue former executives of a scandal-hit health company, and a bank representing the estate of musical artist Prince file IP claims against a unit of a major record label.

  • May 29, 2020

    Kirkland Steers IK Investment Partners To €2.85B PE Fund

    European private equity firm IK Investment Partners, advised by Kirkland & Ellis, said Friday that it has clinched its ninth midcap fund after raising €2.85 billion ($3.17 billion) from limited partners, with plans to target middle market investments in sectors including food and health care.

  • May 28, 2020

    DOJ Clears Satellite Cos. Merger With Conditions

    Global electronic components maker Communications and Power Industries LLC clinched U.S. Department of Justice approval Thursday to acquire a business unit of General Dynamics Corp. for $175 million, as long as the California-based company sells its satellite business subsidiary.

  • May 28, 2020

    Basketball League Calls Quinn A Qatar 'Spy' In Commish Case

    Heading into a fight over a seven-figure legal bill, a three-on-three basketball league co-led by entertainer Ice Cube filed a New York lawsuit Thursday accusing Quinn Emmanuel of being a "spy" for Qatar when it represented the organization known as Big3.

  • May 28, 2020

    KKR Clinches $4B Credit Fund With Support From Paul Weiss

    KKR, advised by Paul Weiss, said Thursday it has raised $4 billion for a credit fund that will invest in opportunities that exist as a result of market dislocation caused by the coronavirus pandemic, including in areas like private equity, infrastructure and real estate.

  • May 28, 2020

    Hong Kong Policy Shift Could Usher In Trade Firestorm

    The Trump administration's declaration that Hong Kong is no longer autonomous from China has opened the door for a wave of potential new trade and investment restrictions that could severely curtail American companies' ability to do business in the region.

  • May 28, 2020

    Tech Marketing Co. Raises $50M In Funding Round

    Bluecore, a technology company that helps retailers send personalized marketing emails to consumers, said Thursday it raised $50 million in funding with help from a Canadian growth equity firm.

  • May 28, 2020

    Pulling Up Stakes: Sidley Austin, Baker McKenzie, Orrick

    In Law360's latest roundup of deal-makers on the move, Sidley Austin nabbed Shearman & Sterling's former head of global leveraged finance and private capital; Baker McKenzie added a banking and finance pro in Hong Kong; and Orrick picked up an M&A and private equity partner in Paris.

  • May 28, 2020

    Morgan Lewis Nabs Investment Fund Team From MoFo

    Morgan Lewis & Bockius LLP has added a four-person team of attorneys from Morrison & Foerster LLP to its investment funds practice in London.

  • May 28, 2020

    Deals Rumor Mill: Jio Platforms, Volkswagen, Amazon

    Mubadala and Twitter are separately considering $1 billion investments in Jio Platforms, Volkswagen is on the verge of buying stakes in two Chinese electric vehicle companies and Amazon might purchase self-driving technology startup Zoox. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • May 28, 2020

    Arnall, Freshfields Guide $125M PE Buy Of Fintech Co. Vesta

    Private equity firm Goldfinch Partners has agreed to pay $125 million for a majority stake in fintech and fraud protection services provider Vesta, the companies said Thursday, in a deal guided by Arnall Golden and Freshfields.

  • May 28, 2020

    Fintech Co. Doubles Valuation To $4.3B With $150M Infusion

    Marqeta Inc. said Thursday that it has received a fresh $150 million capital injection that values the company at about $4.3 billion, and the payment processing company will use the money to continue expanding access to its platform globally.

  • May 27, 2020

    Mass. Regulators Claim PE Firm GPB Capital Misled Investors

    Massachusetts securities regulators have launched an administrative enforcement action against asset management firm GPB Capital Holdings LLC, alleging the company violated state laws by misleading investors about its finances.

  • May 27, 2020

    WeWork Committee Dealt Blow To Control Over SoftBank Suit

    The Delaware chancellor Wednesday denied a bid by a special WeWork committee to bar the company from appointing a new committee to consider whether it has standing to proceed with a suit filed against SoftBank Group Corp. over a canceled deal to buy $3 billion of WeWork's shares.

Expert Analysis

  • Avoiding Inadvertent Privilege Waivers In E-Communications

    Author Photo

    Attorneys at WilmerHale highlight recent developments in privilege law, the significant challenges raised by nontraditional working arrangements popularized during the pandemic, and ways to avoid waiving attorney-client privilege when using electronic communications.

  • PE Minority Investments Offer Alternative Capital During Crisis

    Author Photo

    Cash-strapped companies looking for alternative sources of capital during the pandemic can take advantage of private equity funds’ newfound willingness to make minority investments, which can bring managerial, financial, technical and industry expertise to a business in exchange for considerable control over ongoing operations, say attorneys at Winston & Strawn.

  • 5 Tips For Drafting Effective Legal Billing Guidelines

    Author Photo

    To properly manage outside counsel, it's imperative for a company's legal department to implement and maintain rules on what they will and won't pay for, on staffing cases and requesting rate increases, and on how matters will be handled, says Chris Seezen at Quovant.

  • Opinion

    Don't Cancel Your Summer Associate Programs

    Author Photo

    While pulling off an effective summer associate program this year will be no easy feat, law firms' investments in their future attorneys should be considered necessary even during this difficult time, says Summer Eberhard at Major Lindsey.

  • 5 Ways To Reduce Post-Pandemic Legal Malpractice Exposure

    Author Photo

    History suggests that legal malpractice claims will rise following the current economic downturn, and while a certain percentage of the claims will be unavoidable, there are prophylactic steps that law firms can take, says John Johnson at Cozen O'Connor.

  • CARES Act Will Affect Earnouts, Purchase Price Adjustments

    Author Photo

    M&A professionals must be mindful of the CARES Act's implications for certain definitions in transaction documents — including earnings before interest, taxes, depreciation and amortization, net working capital, and indebtedness — as they will shape future earnout provisions and purchase price adjustments, say advisers at Holland & Knight and Daszkal Bolton.

  • Using The M&A Slowdown To Prepare A Portfolio Co. For Sale

    Excerpt from Lexis Practice Advisor
    Author Photo

    Dealmakers can take advantage of COVID-19’s dampening effect on M&A activity to work through timing, pandemic considerations and sale process coordination for portfolio company sales so their deals will be ready when the market eventually picks back up, say Michael Gilligan and Caitlin Cornell at Schulte Roth.

  • Opinion

    Credibility Concerns About Virtual Arbitration Are Unfounded

    Author Photo

    Concerns that videoconferenced arbitration hearings compromise an arbitrator's ability to reliably resolve credibility contests are based on mistaken perceptions of how many cases actually turn on credibility, what credibility means in the legal world, and how arbitrators make credibility determinations, says Wayne Brazil at JAMS.

  • A Tax Primer For PE Investment In Distressed Real Estate Debt

    Author Photo

    Investors interested in discount purchases of distressed real estate debt in the wake of the pandemic must consider potential tax obligations, many of which may be triggered without concurrent receipt of cash proceeds to pay the tax, says Peter Elias at Pillsbury.

  • A Lawyer's Guide To Client Service Continuity Planning

    Author Photo

    Ensuring uninterrupted client service and compliance with ethical obligations in a time when attorneys are more likely to fall ill means taking six basic — yet often ignored — steps to build some redundancy and internal communication into legal practice, say attorneys at Axinn.

  • Virtual Meetings Could Be Fertile Ground For Legal Discovery

    Author Photo

    Many remote meeting technologies include recording features as default settings, raising three primary concerns from a legal discovery and data retention perspective, and possibly bringing unintended consequences for companies in future litigation, says Courtney Murphy at Clark Hill.

  • Performance Vesting Is Trickier Than You Think

    Author Photo

    Despite the general ubiquity of performance-based vesting in the capital structures of post-buyout and other growth companies, it is surprising how little attention is often paid to how performance vesting actually works, say John LeClaire and Chris Wilson at Goodwin.

  • Contingent Fees A Great Option For Cos. During Downturn

    Author Photo

    In-house counsel may assume that "elite" law firms will turn up their noses at the idea of contingent fees, but such arrangements, whether pure or hybrid, are offered by many firms — even to defendants — and may be the answer to tight litigation budgets, say attorneys at Fish & Richardson.

  • The Role Of Remote Mediation After The Crisis Is Over

    Author Photo

    When the dark cloud of COVID-19 has passed and resolution centers are once again peopled with warring parties and aspiring peacemakers, remote mediations will likely still be common, but they are not going to be a panacea for all that ails the dispute resolution industry, says Mitch Orpett at Tribler Orpett.

  • What COVID-19 Means For The M&A Insurance Market

    Author Photo

    Alvin Reynolds and Richard French at Atlantic Global Risk address the impact of COVID-19 on M&A insurance market dynamics, policy terms and claims, and explain new applications to support distressed transactions. 

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?
Beta
Ask a question!