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Private Equity

  • June 24, 2019

    Abiomed Asks 1st Circ. Not To Revive Exec's $5M Bonus Suit

    A former Abiomed executive didn’t come close to achieving a career milestone worth $5 million in shares, the medical implant maker has told the First Circuit, saying the company wasn’t "on the brink" of a key regulatory approval when it canned him.

  • June 24, 2019

    Orchids Paper Says Ch. 11 Sale Should Not Be 'Disrupted'

    Orchids Paper Products Co. and the private equity-backed lender serving as its stalking-horse bidder told the Delaware bankruptcy court Monday it should reject a "baseless" effort by unsecured creditors to stall the sale of the company's assets.

  • June 24, 2019

    5 Cos. Heat Up July IPO Pipeline With Filings Totaling $547M

    Five issuers, all health care- or technology-related companies, filed initial public offerings late on Friday that are preliminarily expected to raise about $547 million, a sign that the IPO market should remain humming well into July.

  • June 24, 2019

    Deals Rumor Mill: Blue Racer, GV Gold, Bitmain

    Blue Racer Midstream is reportedly considering going public, a Fosun International-led group is said to be discussing a deal to snap up a large stake in Russian gold miner GV Gold, and Bitmain Technologies is reportedly reigniting plans to go public.

  • June 24, 2019

    High Court Turns Away 3 Transportation Cases

    The U.S. Supreme Court turned away three transportation appeals Monday, including petitions challenging Los Angeles’ requirement that airport businesses negotiate labor peace agreements with unions that request them and the Seventh Circuit’s revival of a pay dispute involving SkyWest flight attendants.

  • June 24, 2019

    Kirkland, Latham Steer $410M Natural Gas Services Deal

    Energy company Archrock said Monday it will acquire a fellow natural gas compression services business for $410 million in a deal guided by Latham & Watkins and Kirkland & Ellis.

  • June 24, 2019

    CVC’s Credit Arm Snags $1.4B For New Distressed Debt Fund

    CVC Capital Partners said Monday its credit arm picked up more than $1.4 billion for its latest special situations fund, building off of the investments of its predecessor to add more resources to its stressed and distressed credit strategy.

  • June 24, 2019

    Consulting Co. Capgemini To Pay €3.6B For Altran

    French consulting and outsourcing company Capgemini has agreed to snap up engineering consulting firm Altran Technologies in a €3.6 billion ($4.1 billion) cash deal, the companies said Monday.

  • June 24, 2019

    Gibson Dunn Steers $1.7B Hamilton Lane Co-Investment Fund

    Hamilton Lane, working with Gibson Dunn, said Monday that it has closed its fourth co-investment vehicle after raking in roughly $1.7 billion from limited partners, with plans to invest the capital in buyouts and growth equity deals alongside other private equity firms.

  • June 24, 2019

    Gibson Dunn, Weil Steer PE Firm's $335M Petro Biz Buy

    Swiss multinational company SGS on Monday said it has agreed to sell its petroleum business to California-based Aurora Capital Partners in a $335 million deal that was guided by Weil and Gibson Dunn.

  • June 24, 2019

    Kirkland, Gibson Dunn Assist $650M Del Frisco's Purchase

    Consumer-focused private equity firm L Catterton has agreed to buy Irving, Texas-based Del Frisco's Restaurant Group Inc. for roughly $650 million, the companies said Monday, in a deal cooked up with help from Kirkland & Ellis LLP and Gibson Dunn & Crutcher LLP.

  • June 24, 2019

    Gunderson Steers Lending Tech Biz Blend's $130M Fundraise

    Digital lending technology platform Blend on Monday said a slate of investors including Temasek and General Atlantic poured in $130 million through a funding round steered by Gunderson Dettmer as the company looks to improve the loan process, build its product lineup and hire new talent.

  • June 21, 2019

    Unsecured Creditors Question Liens In Orchids Paper's Ch. 11

    Unsecured creditors continue to launch challenges in Orchids Paper Products Co.'s Chapter 11, this time asking the Delaware bankruptcy court to determine if a lender has valid liens on company assets, as they prepare for a potential battle over a credit bid proposal.

  • June 21, 2019

    Dozen Firms Guide 9 IPOs Exceeding $2B To End June

    Twelve firms will steer nine initial public offerings that could surpass $2 billion during the coming week, potentially ending June with a bang as a wide gamut of issuers seeks to capitalize on a vibrant IPO market.

  • June 21, 2019

    Don't Miss It: Sidley, Stikeman Guide Week's Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days, including transactions helmed by Sidley Austin and Stikeman Elliott. Here, Law360 recaps the ones you might have missed.

  • June 21, 2019

    Deals Rumor Mill: China National Gold, Puma Energy, PG&E

    China National Gold Group is said to be weighing a bid for an Iamgold Corp. stake, Puma Energy has reportedly tapped Bank of America Merrill Lynch to help it sell assets, and PG&E could offer to leave bankruptcy in March under a $31 billion plan.

  • June 21, 2019

    PE Firm Brings In Nearly $100M For Israeli Tech Fund

    European co-investment company Maor said Friday it closed its first fund after raising nearly $100 million from Rothschild & Co. and private backers for investments targeting Israeli tech companies.

  • June 21, 2019

    Taxation With Representation: Wachtell, Skadden, Schulte

    In this week’s Taxation with Representation, Pfizer buys Array BioPharma for $11.4 billion, BidFair USA takes Sotheby’s private in a $3.7 billion deal, C&J Energy Services and Keane merge to create a $1.8 billion company, and AIM Aerospace is acquired by Sekisui Chemical for $510 million.

  • June 21, 2019

    Court's Error Gets Con Man Off The Hook, 7th Circ. Says

    A convicted fraudster who was sentenced to five extra years in prison for continued attempts to solicit investors during his supervised release can walk free because the trial judge didn’t issue a proper summons or warrant, the Seventh Circuit ruled Thursday.

  • June 21, 2019

    Inuvo Scraps Planned $75.5M Deal For ConversionPoint

    Inuvo and ConversionPoint Technologies said Thursday they're calling off a previously announced deal under which Inuvo would have acquired the California-based e-commerce technology company for roughly $75.5 million.

  • June 21, 2019

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

    The last week has seen a cryptocurrency operator facing investigations in the U.S. sue HSBC, a number of food import-export companies hit cargo giant MSC with claims, and the Lloyds-owned Bank of Scotland take on the attorney general. Here, Law360 looks at those and other new claims in the U.K.

  • June 20, 2019

    Dawn Capital Rakes In $125M For European Tech Fund

    European investment firm Dawn Capital said Thursday that it has wrapped up its latest fund after securing $125 million from limited partners, with plans to provide further capital to certain portfolio companies while also seeking new technology businesses in which to invest.

  • June 20, 2019

    Deals Rumor Mill: UnitedHealth, Fortress, Chevron Phillips

    UnitedHealth is reportedly buying PE-backed health care payments company Equian for $3.2 billion, Fortress Investment is said to be looking at options for CoreVest, and a Phillips 66 and Chevron Corp. joint venture has reportedly lobbed a $15 billion bid for Nova Chemicals Corp.

  • June 20, 2019

    ISN Merger Suit Decision Is 'Written,' NY Judge Warns Attys

    A New York state court judge heard oral arguments Thursday from investment firms Polaris and Ad-Venture and then cryptically told attorneys that he had already penned a ruling, repeatedly suggesting they settle their scuffle over an acrimonious private equity buyout.

  • June 20, 2019

    Zimmer Biomet Hit With Chancery Suit Over $2B PE Cashout

    Medical device manufacturer Zimmer Biomet has been hit with a derivative suit in Delaware Chancery Court alleging company officers hid compliance problems at a factory that led to a stock drop when they came to light, while two directors helped private equity funds cash out to the tune of nearly $2 billion before stock prices plummeted.

Expert Analysis

  • 4 State Responses To Opportunity Zones

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    State legislatures across the country are responding to the federal opportunity zone provisions in a variety of ways that could provide significant state tax benefits for businesses that act quickly, say attorneys at Eversheds Sutherland.

  • Confusion In SEC Conduct Standard For Investment Advisers

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    The U.S. Securities and Exchange Commission's recent explanation of investment advisers' fiduciary duties to clients may have merely clarified what has always been the position of the SEC, but critical ambiguities remain, say Richard Marshall and David Dickstein at Katten Muchin.

  • Financial Services Regulation For Fintech Companies: Part 2

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    In the second part of this series on regulatory challenges faced by fintech innovators, Nathan Greene and Justin Reda of Shearman & Sterling caution entrepreneurs in the financial space to be aware of when their products could be categorized as securities, and of the many regulatory obligations that can arise as a result.

  • 5 Ways Law Firms Can Improve Their Job Interviews

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    When evaluating potential new hires, law firms should utilize structured interviews in order to create a consistent rating system that accurately and effectively assesses candidates' skills and competencies, says Jennifer Henderson of Major Lindsey.

  • Financial Services Regulation For Fintech Companies: Part 1

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    Firms in the U.S. financial sector are surrounded by a virtual moat of complex regulations, mandatory disclosures and compliance infrastructure. Nathan Greene and Justin Reda of Shearman & Sterling offer an overview of the regulatory context — and some of the crocodiles lurking in that moat — for fintech entrepreneurs entering the sector.

  • An In-Depth Guide To Latest Opportunity Zone Regs: Part 2

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    The final part of this deep dive into proposed opportunity zone regulations focuses on fund compliance requirements and new rules with respect to leases, opportunity zone businesses and real estate, says Marc Schulz of Snell & Wilmer.

  • An In-Depth Guide To Latest Opportunity Zone Regs: Part 1

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    In the second tranche of opportunity zone proposed regulations, the IRS provides extremely flexible guidance that may be enough to induce investors to start investing all of the capital sitting on the sidelines into qualified opportunity funds, says Marc Schulz of Snell & Wilmer.

  • Series

    Why I Became A Lawyer: A Fateful Phone Call

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    When I was growing up, my mother was always the more mild-mannered parent. But during a trans-Atlantic phone call in 1991, when I told her I wanted to go to culinary school instead of law school, she started yelling — at a volume I had never heard from her, says Jason Brookner of Gray Reed.

  • Law Firms Can Do Better With Their Mentoring Programs

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    There are a few practical, proactive steps law firms can take to create a mentoring program that pays dividends — instead of creating a mediocre program that both parties see as an obligation, says Kate Sheikh of Major Lindsey & Africa.

  • 'Rocket Docket' Justifies Its Name For 11th Straight Year

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    The U.S. District Court for the Eastern District of Virginia “rocket docket” is still the fastest federal civil trial court in the country despite some recent trends causing its median time to trial to grow to 13.2 months, says Robert Tata of Hunton.

  • Managing ESG Consultants In Private Equity Transactions

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    Integration of environmental, social and governance factors is becoming mainstream in private equity investment. Jennie Morawetz at Kirkland provides a framework for legal counsel tasked with integrating an outside-consultant led ESG due diligence process into a client's other due diligence work streams.

  • What Securities Pros Need To Know About SEC Data Analytics

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    The U.S. Securities and Exchange Commission’s data analytics efforts have been repeatedly cited in SEC press releases announcing successful investigations and cases. Understanding the commission's work in this area is essential for compliance professionals at investment advisers and broker-dealers, say Charles Riely and Danielle Muniz of Jenner & Block.

  • 5 Key Issues In Acquiring Transportation Infrastructure Assets

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    There is a growing trend of governmental agencies contracting and leasing viable operating transportation infrastructure assets. Such opportunities for the private sector may exist in connection with any contemplated upgrade, extension or other modification of an asset that a governmental entity needs to finance, say José Morán and Juan Gonzalez of Baker McKenzie. 

  • What May Be Ahead For PE Infrastructure Investment In Asia

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    Despite some softening in Asian infrastructure deal volumes in 2018 and the first part of 2019, both fundraising targets and long-term investment prospects remain strong for private equity sponsors, say Scott Jalowayski and James Jackson at Gibson Dunn.

  • Measuring The Value Of A Law Firm's Social Media Efforts

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    Most legal marketers struggle to show the return on investment of their social media efforts, but establishing and answering several key questions can help demonstrate exactly how social media programs contribute to a law firm's bottom line, say Guy Alvarez of Good2bSocial and communications consultant Tom Orewyler.