Private Equity

  • August 11, 2020

    3 Firms Drive $4B Deals Forming Building Supplies Giant

    Clayton Dubilier & Rice will buy HD Supply Holdings' North American specialty concrete and construction products business and merge it with Construction Supply Group in two transactions totaling roughly $4 billion that were guided by Debevoise & Plimpton, Jones Day and McDermott Will & Emery, the companies said Tuesday.

  • August 10, 2020

    Gunderson Guides Online Learning Biz's $66M In Financing

    Online learning platform Skillshare said Monday it raised $66 million from an investor group led by OMERS Growth Equity that the Gunderson Dettmer-steered company will use to spur international and domestic growth.

  • August 10, 2020

    Gibson Grabs Ex-Skadden Tax Partner For New York Office

    Gibson Dunn & Crutcher LLP has announced that a former Skadden Arps Slate Meagher & Flom LLP partner joined the firm's New York office as a partner this month.

  • August 10, 2020

    Thompson Hine Adds Pair Of Investment Management Attys

    Thompson Hine LLP said Monday it added two attorneys to its corporate transactions and securities practice group from in-house positions to focus on financial technology, broker-dealer regulations and fund governance.

  • August 10, 2020

    Long Point Capital Sued Over 'Corrupt' Stock-Purchase Plan

    EYP Holdings noteholders have hit private equity firm Long Point Capital with a proposed securities class action in New York federal court, alleging that Long Point "exploited" EYP employees with equity by pushing them into selling their stock in exchange for uncollectible notes, bilking them out of millions.

  • August 10, 2020

    USD Law Dean Joins Perkins Coie's Emerging Cos. Group

    Looking forward to returning to private practice after several years in academia, the former dean of the University of San Diego School of Law has joined Perkins Coie's emerging companies and venture capital group as a partner in the firm's San Diego office.

  • August 10, 2020

    Coronavirus Vaccine Contender CureVac Launches $200M IPO

    German biopharmaceutical company CureVac, which is working on a coronavirus vaccine, said Monday that it hopes to raise $200 million in an initial public offering led by Davis Polk and NautaDutilh.

  • August 10, 2020

    Ex-SEC Examiner Wants Bench Trial Over Feds' Protest

    A former compliance examiner accused of stealing information from the U.S. Securities and Exchange Commission sought a rare criminal bench trial over prosecutors' objections on Monday, saying it is the only way to hold a speedy trial during the pandemic.

  • August 10, 2020

    Jones Day Guides Greystar To $600M Real Estate Debt Fund

    Greystar Real Estate Partners, advised by Jones Day, said Monday that it has finalized its second commercial real estate debt fund after securing $600 million from investors, with plans to primarily invest in debt issued by U.S.-government sponsored entities.

  • August 10, 2020

    Rising Star: Goodwin's Cammy Contizano

    Cammy Contizano of Goodwin Procter LLP has advised on several multimillion-dollar deals including investment firm DST Global's contribution to Checkout.com's record-breaking $230 million financing round, earning her a spot among the private equity law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 07, 2020

    Del. Judge Nixes Equity Panel In Biopharma Vivus' Ch. 11

    A Delaware bankruptcy judge on Friday rejected a motion for a committee to represent stockholder interests in the case of bankrupt biopharmaceutical venture Vivus Inc, finding that the company's reports of insolvency and inability to cover shareholder claims were not unreasonable.

  • August 07, 2020

    Winston & Strawn Launches ESG Advisory Team

    Winston & Strawn LLP has announced the launch of a new team that will focus on helping corporate boards and management teams navigate ethical investing and related legal issues, joining a trend among law firms as clients take a harder look at their investment practices.

  • August 07, 2020

    Foley Hoag Steers Bid Valuing Building Products Co. At $72M

    Investment firm Mill Road Capital, represented by Foley Hoag LLP, on Friday announced its offer to buy out Huttig Building Products in a deal valuing the company at about $71.5 million, saying it understands the difficulties faced by microcap companies in creating value for shareholders.

  • August 07, 2020

    Don't Miss It: Wachtell, Osler Hoskin 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 Wachtell and Osler Hoskin. Here, Law360 recaps the ones you may have missed.

  • August 07, 2020

    XFL Hands Off League To The Rock In $15M Ch. 11 Sale

    A $15 million offer from a group that includes actor and former wrestler Dwayne "The Rock" Johnson got a Delaware bankruptcy judge's nod Friday as the winning bidder for the XFL's struggling assets, potentially salvaging another season of spring football.

  • August 07, 2020

    Prysm OK'd To Tap Into DIP Funds In Fast-Track Ch. 11

    Big-screen software and display maker Prysm Inc. received a Delaware judge's approval Friday to tap into $750,000 of its $3 million debtor-in-possession loan as it barrels toward speedy consideration next month of its prepackaged Chapter 11 plan.

  • August 07, 2020

    Latham & Watkins Brings On Transactional Tax Pro In Calif.

    Latham & Watkins LLP has brought on a Simpson Thacher & Bartlett LLP partner who is experienced in advising private equity firms and leading companies on a range of sophisticated transactions to the firm's transactional tax practice in the Bay Area.

  • August 07, 2020

    SEC Fines Rialto $350K For Mischarging Its Own Funds

    The U.S. Securities and Exchange Commission has fined private equity real estate firm Rialto Capital Management $350,000 for recouping costs and expenses from the wrong investment funds, according to a settlement Friday.

  • August 07, 2020

    Investors Pour $55M Into Diabetes-Focused Biotech Fractyl

    Fractyl Laboratories Inc., a life sciences company focused on developing treatments for metabolic diseases including Type 2 diabetes, said Friday that it has secured $55 million in funding from a group of investors led by Taiwania Capital Management Corp.

  • August 07, 2020

    Rising Star: Debevoise's Uri Herzberg

    Debevoise & Plimpton LLP's Uri Herzberg has assisted on numerous significant private equity deals since joining the firm in 2007, including multiple recent multibillion-dollar transactions for major private equity clients like Clayton Dubilier & Rice and Morgan Stanley Capital Partners, earning him a spot as one of five PE attorneys under age 40 honored by Law360 as Rising Stars.

  • August 07, 2020

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

    The past week in London has seen a U.K. insurance technology company take aim at PwC after an acquisition went south, a major cruise line sue to curb travelers' insurance claims, and the U.K.'s criminal investigator file for civil recovery from a real estate company. Here, Law360 looks at those and other new claims in the U.K.

  • August 07, 2020

    Senate Approves Peirce, Crenshaw As SEC Commissioners

    The U.S. Senate confirmed the nominations of Hester Peirce and Caroline A. Crenshaw as commissioners of the SEC by a voice vote on Thursday evening.

  • August 06, 2020

    5 Firms Assist Intercontinental Exchange's $11B Ellie Mae Buy

    Intercontinental Exchange Inc. has agreed to buy cloud-based mortgage platform Ellie Mae from private equity firm Thoma Bravo for roughly $11 billion, including debt, in a deal guided by five law firms, the companies said on Thursday.

  • August 06, 2020

    Apple, Intel Renew Fortress Patent Claims In Amended Suit

    Apple and Intel have filed a new and far more detailed complaint in California federal court in order to ease a judge's concerns that their original lawsuit was overly vague, accusing Fortress Investment Group LLC of orchestrating an anti-competitive patent aggregation scheme.

  • August 06, 2020

    Deals Rumor Mill: TikTok, Tencent, Japan Post

    A deal for TikTok could cost Microsoft up to $30 billion, Tencent aims to merge two of China’s top gaming-focused streaming companies, and Japan Post hopes to sell struggling Australian logistics business Toll Holdings. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

Expert Analysis

  • Using Sidecar Funds As A Source Of Capital Amid Volatility

    Excerpt from Lexis Practice Advisor
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    Private investment fund sponsors seeking additional sources of capital to protect or enhance their portfolios may consider sidecar vehicles to help navigate pandemic-related liquidity issues, but should carefully analyze whether such structures would breach existing fund documents or agreements with limited partners, say Michael Suppappola and Emily O'Brien at Proskauer.

  • Opinion

    ADA Protects Lawyers With Disabilities, But We Must Do More

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    As an attorney with cerebral palsy, Danielle Liebl at Reed Smith says that while the 30-year-old Americans with Disabilities Act has protected her against discrimination, the legal industry must do more to accommodate lawyers with disabilities and make them more comfortable in self-identifying.

  • Perspectives

    Legal Deserts Threaten Justice In Rural America

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    Many small towns and rural counties have few lawyers or none at all, which threatens the notion of justice for all Americans and demands creative solutions from legislators, bar associations and law schools, says Patricia Refo, president of the American Bar Association.

  • Analyzing Upward And Downward Trends In Legal Tech

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    Advances in legal technology are often accompanied by bombastic overstatements, but it is important to separate the wheat from the chaff by looking at where various technologies stand on the hype curve, says Lance Eliot at Stanford Law School.

  • Opinion

    ABA's New Guidance On Litigation Funding Misses The Mark

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    The American Bar Association should revise its recently approved best practices on third-party litigation funding as they do not reflect how legal finance actually works and could create confusion among lawyers, says Andrew Cohen at Burford Capital.

  • What Firms Should Ask Before Hiring Attorneys From Gov't

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    In the final year of any presidential administration, there is an undeniable appetite on the part of large law firms for government-savvy legal talent, but firms need to first consider how they will actually utilize their new star hire, says Michael Ellenhorn at Decipher.

  • The Ethics Of Using Chatbots For Legal Services

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    Delegating legal work to robots involves several risks, including running afoul of statutes dictating unauthorized practice of law, but with the right precautions, law firms can lawfully employ artificially intelligent chatbots that can imitate human conversations, say attorneys at Haynes and Boone.

  • Opinion

    ABA Must Seize Opportunity To Respond To Bar Exam Chaos

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    The challenges of administering bar exams this year have put the future of the profession in jeopardy, but the American Bar Association at its ongoing annual meeting can adopt a resolution that would urge jurisdictions to take emergency actions with respect to licensure of new attorneys, says Nicholas Allard, former president of Brooklyn Law School.

  • How Pandemic Is Affecting The Pace Of Judicial Opinions

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    The COVID-19 pandemic has changed the way judges work, but how has it impacted the volume of work product they generate? Ben Strawn and Omeed Azmoudeh at Davis Graham investigate using data from the PACER federal courts registry.

  • 6 Steps For Law Firms Looking To Improve Their Culture

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    The COVID-19 crisis represents an inflection point for law firm culture, and smart firm leaders will take advantage of this moment to build innovation-welcoming environments that support partners, associates, business services teams and clients alike, say Jennifer Johnson at Calibrate Legal and Kathleen Pearson at Pillsbury.

  • Virtual Courts Amplify Lawyers' Corporate Spokesperson Role

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    Greater access to virtual court proceedings during the pandemic means an increased likelihood that legal arguments will jump from the courtroom to the court of public opinion, so counsel must tailor statements with the client's reputation in mind, says Mike Dolan at Finsbury.

  • Don't Expect Banks To Shoulder Embezzlement Liability

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    Although companies may attempt to hold their banks responsible for flagging employee embezzlement, they should implement adequate protections because courts tend to favor financial institutions in these cases, which could increase with COVID-19 reopenings, says Brett Watson at Cozen O'Connor.

  • Law Firms Must Note Pandemic's Outsize Impact On Women

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    In the wake of the COVID-19 pandemic, gender roles in many families have reverted to scenes from the 1960s, and law firms have a huge opportunity — indeed a business imperative — to avoid the mistakes of the past, say Roberta Liebenberg at Fine Kaplan and Stephanie Scharf at Scharf Banks.

  • The 'Rocket Docket' Show Goes On Despite Setbacks

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    After 11 years as the fastest civil trial court in the land, the Eastern District of Virginia rocket docket is now tied for second place among the nation's 94 district courts, but the court has moved swiftly to adapt to the COVID-19 crisis and continues to dispense justice safely and efficiently, says Robert Tata at Hunton.

  • Opinion

    Pandemic Lays Bare The Inequities Inherent In The Bar Exam

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    The outrage over the life-altering consequences of decisions being made around state bar exams during the COVID-19 pandemic has highlighted the classism built into the exam, and the legal profession should take this moment to reevaluate how new attorneys are licensed, say Naomi Shatz and Katherine Dullea at Zalkind Duncan.

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