Private Equity

  • January 28, 2020

    V&E, Orrick Guide $100M Solar Project JV

    The Carlyle Group is teaming with Alchemy Renewable Energy LLC on a joint venture that will launch with $100 million to develop, buy, finance and operate solar power generation projects across the U.S., in an agreement guided by Vinson & Elkins LLP and Orrick Herrington & Sutcliffe LLP, the companies said Tuesday.

  • January 28, 2020

    Canadian Traffic Tech Co. Closes $91M Funding Round

    A Canadian technology company working with municipalities to solve traffic issues closed a CA$120 million ($91 million) funding round with help from the venture capital arm of one of the country’s telecommunications giants, the company announced Tuesday.

  • January 28, 2020

    DLA Piper Adds Baker McKenzie Real Estate Atty In Chicago

    DLA Piper has poached a private equity-focused real estate partner from Baker McKenzie who will broaden the firm's global real estate capabilities in Chicago, DLA Piper announced earlier this month.

  • January 28, 2020

    Private Equity Group Of The Year: Ropes & Gray

    Ropes & Gray LLP guided more than $91 billion in over 200 private equity transactions over the past year, including advising Bain Capital LLC in the creation of a new biopharmaceutical company and the acquisition of U.S. Renal Care Inc., earning the firm a spot among Law360's 2019 Private Equity Groups of the Year.

  • January 28, 2020

    Squire Patton Boggs Nabs Stubbs Alderton Dealmaker In LA

    Squire Patton Boggs LLP has scooped up a partner specializing in middle-market mergers and acquisitions for its global corporate practice from Stubbs Alderton & Markiles LLP.

  • January 28, 2020

    Blackstone Tries To Topple Competitors With $1.75B Unizo Bid

    Blackstone said Tuesday that it has increased its offer for Unizo to roughly ¥191.6 billion ($1.75 billion) in order to try and usurp a competing proposal from Chitocea Investment, marking the latest in a string of bids from multiple suitors for the Tokyo-based real estate company.

  • January 27, 2020

    FTC Can't Pause $625M Hydrogen Peroxide Deal

    A D.C. federal court has rejected the Federal Trade Commission's bid to pause Evonik's planned $625 million purchase of fellow hydrogen peroxide producer PeroxyChem while an in-house merger challenge plays out.

  • January 27, 2020

    Five Companies Jolt IPO Pipeline With Deals Totaling $560M

    A mattress startup, two life sciences firms, a real estate finance company and a boat retailer on Monday launched plans for initial public offerings that could raise about $560 million combined, adding momentum to a suddenly bursting IPO pipeline.

  • January 27, 2020

    Warburg Pincus Pledges Up To $300M For Clean Energy Co.

    Warburg Pincus has agreed to infuse Scale Microgrid Solutions with as much as $300 million in capital that will be used to help with the clean energy company's plan to provide services aimed at bolstering the North American electric grid, the companies said Monday.

  • January 27, 2020

    Neal Gerber Guides $345M Litigation Finance Fund For GLS

    Litigation finance investment shop GLS Capital LLC, working with Neal Gerber & Eisenberg LLP, said Monday that it has closed its debut fund after raising more than $345 million from investors, with plans to provide capital for litigation and arbitration with a focus on the technology and pharmaceutical industries.

  • January 27, 2020

    Private Equity Group Of The Year: Kirkland

    Kirkland & Ellis LLP represented private equity giants Thoma Bravo LLC in its $2.1 billion buyout of cybersecurity group Imperva Inc. and guided Bain Capital on its $2 billion acquisition of Rocket Software, earning the firm a spot as one of Law360's 2019 Private Equity Groups of the Year.

  • January 27, 2020

    How PE Clients Are Preparing For A Potential Recession

    Private equity clients are apprehensive about a potential U.S. recession, and attorneys need to be aware of the steps they are taking to be prepared, including staying patient with the capital they have at their disposal and raising funds focused on distressed assets and credit.

  • January 27, 2020

    Drug Developer PPD Targets $1.53B For Public Debut

    Private equity-backed drug developer PPD Inc. said Monday it's targeting roughly $1.53 billion at midpoint for its upcoming initial public offering, which is steered by Simpson Thacher and sees Latham & Watkins advising the underwriters.

  • January 27, 2020

    Linklaters, Jenner Lead $900M Cosmetics Dispenser Deal

    Linklaters and Jenner & Block represented consumer packaging supplier Silgan in its proposed $900 million deal for the dispensing business of cosmetics packaging maker Albea.

  • January 27, 2020

    Sorrento Therapeutics Says $1B Bid Is Too Low

    Sorrento Therapeutics on Monday rejected a takeover offer from an unnamed private equity fund that valued the biopharmaceutical company at almost $1 billion, contending that the offer from its latest suitor is too low.

  • January 24, 2020

    Fifth Third Bank Pledges $100M For Opportunity Zone Projects

    Fifth Third Bank will invest $100 million in low-income areas known as opportunity zones through partnerships with the National Equity Fund, Raymond James and two other fund partners, it said Friday.

  • January 24, 2020

    Taxation With Representation: Kirkland, Winston, Gibson, Bär

    In this week's Taxation With Representation, a private equity group snaps up financial adviser Duff & Phelps for $4.2 billion, Denmark's Danfoss buys a $3.3 billion hydraulics business, and Deutsche Börse Group makes a $400 million acquisition in fund distribution.

  • January 24, 2020

    Private Equity Group Of The Year: Davis Polk

    Davis Polk & Wardwell LLP handled many major private equity matters over the past year, including guiding across the finish line Brookfield Business Partners' $13.2 billion deal for the power solutions business of Johnson Controls and steering Warburg Pincus in a $5.1 billion transaction involving portfolio company SemGroup, earning the firm a spot among Law360's 2019 Private Equity Groups of the Year.

  • January 24, 2020

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

    The past week in London has seen two luxury car lenders drive a contract dispute into court, the liquidators of a Saudi billionaire's offshore holding company set its sights on a hedge fund, and a financial services company target the families behind a maritime engineering business. 

  • January 24, 2020

    Cincinnati Bell Mulls Competing Bid To $2.6B Brookfield Sale

    Cincinnati Bell said Friday it has received a competing takeover offer prior to its planned $2.6 billion sale to Brookfield Infrastructure Partners.

  • January 24, 2020

    Don’t Miss It: Shearman, Wachtell Lead Week’s Hot Deals

    With so much mergers and acquisitions news this week, you may have missed several deals announced in recent days helmed by firms such as Shearman & Sterling and Wachtell. Here, Law360 recaps the ones you might have missed.

  • January 24, 2020

    4 Firms Shape Wex's $1.7B Play For Pair Of Payments Cos.

    Payments and technology company Wex has agreed to buy privately held peers eNett and Optal for a total of roughly $1.7 billion, the companies said Friday, in an agreement shaped by Clifford Chance, WilmerHale, Wachtell Lipton and Herbert Smith.

  • January 24, 2020

    Seven Firms To Steer 5 IPOs Exceeding $1.8B To End January

    Seven firms will guide five initial public offerings estimated to raise nearly $1.9 billion during the week of Jan. 27, potentially closing the month with a bang led by the year’s first expected billion-dollar-plus IPO, plus four health care related offerings.

  • January 23, 2020

    Judge Gives Zohar Row Attys Homework Over Removal Order

    A New York federal judge gave the attorneys arguing whether a dispute between three Zohar Funds investment vehicles and founder Lynn Tilton belongs in Delaware bankruptcy court a homework assignment, saying they had missed a key Second Circuit opinion.

  • January 23, 2020

    Sun Capital Can’t Shake $42M Suit Over The Limited Loan

    Sun Capital Partners didn’t show that the trustee for The Limited Stores Co.’s bankruptcy missed the deadline to sue over a $42 million transfer, so the trustee’s case should go forward, a Delaware bankruptcy judge said Thursday.

Expert Analysis

  • Surefire Marketing Methods To Build Your Legal Practice

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    Attorneys who take the time and the risk to showcase their talents through speaking, writing and teaching will find that opportunities will begin building upon themselves, says Daniel Karon of Karon LLC.

  • Setting Boundaries: An Essential Skill For Lawyers

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    While lawyers may often view boundaries as a restraint on their potential or a sign of weakness, failing to establish good boundaries can have negative consequences for their health, behaviors, relationships and careers, says Jennifer Gibbs at Zelle.

  • Beware Co-Investments In Private Equity Fund Agreements

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    As private equity co-investment vehicles become increasingly common, limited partnership agreements should restrict fund managers’ compensation through these arrangements to avoid creating a conflict between managers’ and investors’ interests, say Kenneth Witt and Marc Lieberman at Kutak Rock.

  • ABA Rules For Departing Attys Set Unprecedented Limits

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    Groundbreaking rules from the American Bar Association impose new standards on how law firms can govern departing lawyers’ contact with clients, placing major restrictions on this ubiquitous practice, say Amy Richardson and Hilary Gerzhoy at Harris Wiltshire.

  • The Rise Of The No-Indemnity M&A Deal

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    The increasing use of a private M&A transaction structure that allows sellers to exit without indemnity obligations makes it crucial for buyers to focus on representation and warranties insurance policy terms as their only means of recourse, say Ann Dorsett and Gregory Hawver at McGuireWoods.

  • Nissan Ex-CEO Illustrates Do's And Don'ts Of Image Repair

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    Lawyers can draw a number of useful lessons about reputation management from the efforts of former Nissan executive Carlos Ghosn — who recently escaped house arrest in Tokyo — to restore his sullied reputation, says Elizabeth Ortega at ECO Strategic Communications.

  • What SEC's Accredited Investor Proposal Means For PE Funds

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    A recent proposal from the U.S. Securities and Exchange Commission would allow more investors to participate in private offerings, but divisions at the SEC and among investment advocates suggest further debate may be ahead before a finalized rule emerges, say Michael Gold and Nicholas Stewart at Saul Ewing.

  • How Associate Life Has Evolved Over The Past Decade

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    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • What's Changed And What's The Same In Final CFIUS Rules

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    The U.S. Department of the Treasury’s final rules implementing the Foreign Investment Risk Review Modernization Act complete the revamp of the Committee on Foreign Investment in the United States, which will be more complex and better resourced to address evolving national security risks that arise in the context of foreign investments, say attorneys at Akin Gump.

  • 3rd Circ. Sheds Light On Ch. 11 Liability Release Approval

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    In Millennium Lab, the Third Circuit recently upheld the Delaware bankruptcy court's authority to approve a Chapter 11 plan containing nonconsensual liability releases, offering guidance on the factors courts may consider in deciding whether to approve them, says Jane VanLare of Cleary.

  • 2019 Trends In DOJ Civil Health Care Fraud Cases

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    Last year, the U.S. Department of Justice maintained aggressive enforcement efforts in the health care industry, again relying heavily on the False Claims Act, but the agency is also taking steps to guide those efforts toward fairness and consistency, say attorneys at Mintz.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

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    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • Deciphering Tribunals' Practice In Investor-State Arbitration

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    Our recent study of 114 publicly available decisions on provisional measures in investor-state proceedings reveals key trends in arbitration tribunal jurisprudence, say David Goldberg and Ivan Philippov of White & Case, and professor Yarik Kryvoi of the British Institute of International and Comparative Law.

  • 7 Insider Tips For Working With In-House Counsel

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    For outside firms wondering how to best support busy in-house lawyers, several practices can help navigate critical legal issues and novel business challenges while strengthening the working relationship, says Virginia Hudson, associate general counsel at Capital One.

  • 50 Years Later, Interpretive Challenges Remain For RICO

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    In the 50 years since the Racketeer Influenced and Corrupt Organizations Act was passed, courts' attempts to clarify the statute have had some success, but many interpretive dilemmas remain unresolved, says Randy Gordon of Barnes & Thornburg.