Private Equity

  • October 11, 2019

    Real Estate Rumors: Peachtree Hotel, Ross, Longpoint

    Peachtree Hotel Group has reportedly landed nearly $23 million in financing for a Florida project, Ross Dress for Less is said to be leasing more than 34,000 square feet in downtown Miami and Longpoint Realty is said to have dropped $6.3 million on a Miami warehouse.

  • October 11, 2019

    Barneys Gets Extension To Name Ch. 11 Stalking Horse

    Bankrupt luxury retailer Barneys New York Inc. will have until Tuesday morning to submit a stalking horse asset purchase agreement with a purchase price that will cover outstanding post-petition loan obligations after a hearing Friday on proposed amendments to those loan documents.

  • October 11, 2019

    Don't Miss It: Latham, Cooley Guide 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 Latham & Watkins and Cooley. Here, Law360 recaps the ones you might have missed.

  • October 11, 2019

    UK Watchdog Opens Probe Into Stonegate's £1.3B Pub Tie-Up

    The United Kingdom’s antitrust authority said Friday that it will investigate whether Stonegate Pub Company’s £1.27 billion ($1.42 billion) buy of rival pub operator Ei Group will hurt competition in Britain.

  • October 11, 2019

    Committee Opposes Releases In Orchids Ch. 11 Proposal

    The unsecured creditors of bankrupt paper maker Orchids Paper Products Co. claim its proposed Chapter 11 plan is “fatally flawed” because it includes releases that would prevent creditors from suing Orchids’ directors and officers individually, arguing that to even permit a vote on the plan would be a waste of money.

  • October 11, 2019

    A Look Inside The Largest PE Funds That Closed In Q3

    The largest private investment funds that held final closings in the third quarter of 2019 illustrate a number of trends, including China’s ascendance in the private equity industry and the world’s ever-increasing reliance on technology.

  • October 11, 2019

    Dutch Tech Biz CM.com Pumps Brakes On €100M IPO

    Communications technology company CM.com said Friday it has elected to postpone its initial public offering because of unfavorable market conditions, after setting course in late September for a float that was expected to raise €100 million ($110.5 million).

  • October 11, 2019

    Biotech, Bank Raise Combined $276M In Low-Priced IPOs

    Drug developer Vir Biotechnology Inc. and Chicago-area bank HBT Financial Inc. made their debuts in public markets Friday after raising nearly $276 million combined in initial public offerings that priced at the bottom of their ranges, capping off a mild week for IPOs.

  • October 11, 2019

    3 Firms Guide €1.5B Mexican Toll Route Sale

    Toll road management company Albertis said Friday that it has agreed to buy a majority stake in Mexican competitor Red de Carreteras de Occidente, which operates a route that includes Mexico City and Guadalajara, for roughly €1.5 billion ($1.7 billion) in a deal that saw Fried Frank and Rico Robles Libenson y Bernal advise the sellers.

  • October 11, 2019

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

    The past week has seen asset manager BlueCrest drag a U.S. hedge fund into court following its expansion into the U.K., a City watchdog sue a Panamanian connected to an illegal land sale scheme and a Hong Kong food distributor file suit against shipping giant MSC. Here, Law360 looks at those and other new claims in the U.K.

  • October 11, 2019

    SEC's 'Test The Waters' Expansion Could Spur More Offerings

    The U.S. Securities and Exchange Commission’s decision to allow all companies to pursue “testing-the-waters” communications with institutional investors before registering their offerings is welcomed by corporate attorneys, who say the policy could spur more deal-making, though investor groups are skeptical that the public will benefit from the rule change.

  • October 10, 2019

    Payments Processor USA Technologies Nabs $50M In Funding

    USA Technologies Inc. has inked an agreement to receive $50 million in equity and debt financing from Antara Capital Master Fund LP, which is meant to help strengthen the payments processing technology company's business.

  • October 10, 2019

    Deals Rumor Mill: Postmates, Exxon Mobil, Armacell

    Online food and goods delivery startup Postmates is postponing plans for a more than $2 billion initial public offering because of market conditions, Exxon is considering a sale of $3 billion worth of Malaysian offshore assets, and private equity-backed Armacell could sell for up to $1.65 billion. Here, Law360 breaks down these and other deal rumors from the past week.

  • October 10, 2019

    US Venture Funding Falls In Q3, But Stays Historically High

    U.S.-based venture capital-backed companies saw a drop in fundraising from the second quarter of 2019, but the third quarter still ranked as one of the highest this century in terms of overall value, according to a report from PricewaterhouseCoopers and CB Insights.

  • October 10, 2019

    Sears Hometown Investors Say Lampert Engineered Bad Deal

    Sears Hometown and Outlet Stores investors have filed a proposed class action in Delaware Chancery Court accusing controlling shareholder and former Sears CEO Edward S. Lampert of a yearslong effort to strip value from the retailer to buy out its remaining shares at an unfairly low price.

  • October 10, 2019

    Ginkgo Bioworks Unveils $350M Biotech Spinoff Fund

    Biotechnology company Ginkgo Bioworks unveiled a $350 million investment vehicle Thursday that will fund spinoff companies in the biotech space.

  • October 10, 2019

    WilmerHale Guides RigUp's $300M Funding Round

    RigUp, steered by WilmerHale, said Thursday it raised $300 million in its latest funding round to help expand its renewable energy, midstream oil and gas, and downstream operations.

  • October 10, 2019

    3 Firms Guide Medical Billing Co. Deal Worth Up To $300M

    Mednax has agreed to sell Ohio-based medical billing service MedData to private equity firm Frazier Healthcare Partners for up to $300 million, the companies said Thursday, in a deal guided by Cleary Gottlieb, McDermott Will & Emery and Goodwin Procter.

  • October 09, 2019

    McDermott Taps Ex-Skadden Atty As Bankruptcy Co-Chair

    McDermott Will & Emery LLP has hired a pair of attorneys to bolster its bankruptcy practice, naming former Skadden Arps Slate Meagher & Flom LLP partner Felicia Perlman as co-chair of its restructuring and insolvency group and adding Brad Giordano from King & Spalding LLP.

  • October 09, 2019

    Orchids' Third-Party Ch. 11 Releases Draw Ire Of SEC

    The U.S. Securities and Exchange Commission objected Wednesday to the proposed Chapter 11 plan of Orchids Paper Products Co., saying it includes impermissible third-party releases that can’t be fast-tracked as requested by the debtor.

  • October 09, 2019

    Arizona CBD Biz Nabs $50M In Funding From NY Hedge Fund

    Integrated CBD, a Scottsdale, Arizona-based supplier of cannabidiol products, said Wednesday that it has received $50 million via a mixture of equity and debt investment from an undisclosed New York-based hedge fund.

  • October 09, 2019

    Cannabis-Focused Blank Check Co. Merida Files $100M IPO

    Cannabis-focused blank check company Merida Merger filed plans Wednesday for a $100 million initial public offering in the U.S. and Canada with guidance from Graubard Miller and Fasken Martineau.

  • October 09, 2019

    Corestate Picks Up Berlin Office Property For $94M

    Corestate Capital has picked up an office property in Berlin for €86 million ($94.4 million), according to an announcement from the Germany-based real estate firm on Wednesday.

  • October 09, 2019

    GPS Security Biz Satelle Secures $26M Series C Round

    Satelles Inc. on Wednesday said it has raised $26 million in its Series C funding round that the satellite-based time and location services provider will use to expand sales and marketing efforts and develop new products.

  • October 09, 2019

    Ropes & Gray Adds Willkie Finance Duo In New York

    Ropes & Gray LLP has announced that a pair of Willkie Farr & Gallagher LLP finance partners have joined the firm’s New York City office.

Expert Analysis

  • How Emotionally Intelligent AI Could Assist With E-Discovery

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    While artificial intelligence has already revolutionized the e-discovery field, the development of emotionally intelligent AI promises to explore data in an even more nuanced and human way, thereby further reducing the burden on legal teams, say Lisa Prowse and Brian Schrader at e-discovery services provider BIA.

  • Chinese Acquisitions Even More Uncertain In New CFIUS Era

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    While hostility toward Chinese-led investment in U.S. companies is not new, the proposal expanding the Committee on Foreign Investment in the United States' authority to scrutinize such deals casts further doubt over how many inbound Chinese investments in the U.S. will actually close, says Jing Zhao at Saul Ewing.

  • 3 Key Issues In Private Equity Add-On Deals

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    Private equity add-on acquisitions have increased every year since 2013. In this brief video, Eric Schwartzman at Cooley explains the unique issues that such deals introduce for buyers, sellers and their advisers.

  • Preventable Risks Your Law Firm May Be Overlooking

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    Although most lawyers are well-prepared to defend or justify the value of an insurance claim for clients, often law firms have not clearly identified their own potential liabilities, planned for adequate insurance or established prudent internal risk management practices, says Victor Sordillo at Sompo International.

  • 6 Ethics Tips For Attorneys Making Lateral Transfers

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    With lateral transfers between law firms on the rise, it is more important than ever for partners to understand the steps they must take to adhere to ethics rules and other requirements when making a transition, say attorneys at Harris Wiltshire.

  • The Ins And Outs Of SEC's Expanded 'Test The Waters' Rule

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    The U.S. Securities and Exchange Commission’s recent expansion of permissible prefiling communications between issuers and certain potential investors may allow issuers to be in a better position to gauge interest in the market in a cost-effective manner, say attorneys at Debevoise.

  • Consider The Power Of Tactical Empathy

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    By employing tactical empathy techniques to understand the interests behind the positions taken by others, attorneys can gain the upper hand in deal negotiations and litigation while still promoting and preserving long-term relationships with opponents, judges and others, say Shermin Kruse of TEDxYouth@Wrigleyville and Ursula Taylor of Strategic Health.

  • The Problem — And Opportunity — Of Implicit Bias In The Bar

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    Law firms are beginning to recognize implicit bias as a problem. But too few recognize that it is also an opportunity to broaden our thinking and become better legal problem solvers, says Daniel Karon of Karon LLC.

  • Series

    Judging A Book: Thapar Reviews Gorsuch's 'A Republic'

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    U.S. Supreme Court Justice Neil Gorsuch's new book "A Republic, If You Can Keep It" offers hope for our constitutional system through stories of American greatness, and sheds much-needed light on originalism for skeptics, says Sixth Circuit Judge Amul Thapar.

  • Tax Factors To Consider In PE Purchase Price Negotiations

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    Parties to a private equity transaction take into account a number of factors to arrive at the purchase price. In this brief video, Eric Schwartzman and Alexander Lee of Cooley discuss tax considerations, including post-closing liabilities and indemnities, that should always be part of price negotiations.

  • Opinion

    True Wellness Requires A Deeper Look At Atty Profession

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    While I applaud all of the law firms that have signed the American Bar Association's campaign to improve attorney well-being, to achieve a truly holistic solution we must ask difficult questions about what we do, how we do it and the expectations we have set for ourselves and our clients, says Edward Shapiro at Much Shelist.

  • Roundup

    Pursuing Wellness

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    In this Expert Analysis series, leaders at some of the law firms that committed to the American Bar Association's 2018 pledge to improve mental health and well-being in the legal industry explain how they put certain elements of the initiative into action.

  • What To Do When A Private Equity Firm Wants Your Business

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    With private equity firms clamoring to put an increasing supply of dry powder to work, business owners should come to the bargaining table prepared, and resist the temptation of a quick, off-market deal, say David Kaufman and Nathan Viehl at Thompson Coburn.

  • How BigLaw Is Adapting To Plaintiff-Side Litigation

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    While many have treated Kirkland & Ellis' recent creation of a contingency fee-based plaintiffs practice as market disruptive, it is another manifestation of forces that have been changing the business of BigLaw for some time, says Elizabeth Korchin at Therium Capital Management.

  • Series

    Pursuing Wellness: A Focus On Firm Holistic Health Training

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    Our most concerted efforts toward implementing the American Bar Association's well-being pledge, which we signed one year ago, have centered on educating attorneys and staff by including well-being components in firm trainings and professional development programs, says Andrew Glincher at Nixon Peabody.