As U.S. hunger for gourmet yogurt grows, private equity firm Advent International said it is snapping up Colorado-based Noosa Yoghurt for an undisclosed amount in a deal advised on by Weil Gotshal & Manges LLP.
China, particularly in the entertainment space, is going to continue to becoming more important. The key is to take the time to look for and work for the right, long-term partners from both sides, says Sheri Jeffrey of Hogan Lovells LLP.
British cable company BT PLC confirmed Monday it is in early takeover talks with a pair of U.K. mobile providers, including Telefonica SA's O2 unit, potentially setting up another blockbuster tie-up in a European telecom sector teetering toward mass consolidation.
Canadian private equity giant Onex Corp. will shell out as much as €3.75 billion ($4.66 billion) to acquire Swiss packaging company SIG Combibloc Group AG, the buyout shop said Monday.
The D.C. Circuit on Friday barred the Federal Communications Commission from requiring companies to disclose the details of their programming contracts in the agency's review of Comcast Corp.’s proposed merger with Time Warner Cable Inc. and AT&T’s pending deal for DirecTV.
Telecom Italia SpA may have found a buyer for mobile phone towers operated by its Brazilian unit, while Texas-based Sysco Corp. is on the verge of divesting some assets to a Blackstone Group LP-backed food company to clear way for its $3.5 billion purchase of rival US Foods Inc.
A Massachusetts federal judge on Friday vacated a set of electronic orders granting final approval to $590 million in settlements in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and several other private equity firms teamed up to keep leveraged buyout prices low, just hours after issuing a set of orders approving the settlement and a request for attorneys’ fees.
A resurgence in corporate deal-making kept Davis Polk & Wardwell LLP’s David Caplan busy this year as a number of longtime clients tapped him for various billion-dollar deals — including the year’s third-largest tie-up — landing him a spot on Law360's list of M&A MVPs.
Beef export giant JBS SA will pay $165 million for fellow Brazilian food company Grupo Big Frango, it said Friday, a day after it dropped $1.25 billion on a private equity-backed Australian packaged food company as part of its run at international growth.
Attorneys from Cravath Swaine & Moore LLP and Skadden Arps Slate Meagher & Flom LLP lined the bargaining table in a hotly contested buyout fight for Chiquita Brands International Inc. that ended last month in a rare victory for an interloper-suitor and stretched the boundaries of hostile mergers and acquisitions. Here's how they did it.
Aviva PLC said on Friday that it has reached a preliminary agreement to buy fellow U.K. insurer Friends Life Group PLC for about £5.6 billion ($8.8 billion), although the company cautioned that the deal is not yet official.
New York-based Kelso & Co. and Estancia Capital Management LLC agreed Thursday to buy Lighthouse Holdings, the parent company of investment advisory services group American Beacon in a deal reportedly worth upward of $600 million including debt.
Israeli pesticide company Adama Agricultural Solutions Ltd., which intended to list on the New York Stock Exchange for $486.5 million to help fund acquisitions, postponed its initial public offering on Thursday, saying that the market isn't good for such a move right now.
In this week's Taxation With Representation, attorneys from Cleary Gottlieb Steen & Hamilton LLP and Latham & Watkins LLP sit on opposite sides of the Allergan Inc. and Actavis PLC $66 billion tie-up, while Baker Botts LLP helps Halliburton Co. snap up rival Baker Hughes Inc. for $34.6 billion.
Oiltanking Partners LP and its board of directors were hit with a putative class action in Texas federal court Thursday accusing them of pushing through a $6 billion two-step merger with pipeline company Enterprise Products Partners LP that stiffs unitholders.
A Massachusetts federal judge on Friday granted final approval to $590 million in settlements and a $200 million attorneys' fee in a class action claiming Goldman Sachs Group Inc., Carlyle Group LP and other private equity firms teamed up to keep leveraged buyout prices low, moving the long-running suit toward completion.
Blackstone Group LP’s Asia real estate unit is purchasing General Electric Japan Corp.'s residential real estate division for more than 190 billion Japanese yen ($1.61 billion), the companies said Thursday.
TerraForm Power Inc., SunEdison Inc.’s renewable energy power plant operating unit, said Friday that it is selling $350 million in stock to raise cash to help fund its portion of their $2.4 billion acquisition of First Wind Holdings LLC.
A New York appeals court on Thursday upheld the dismissal of a shareholder suit over Kenneth Cole Productions Inc.'s $279 million go-private deal, ruling that majority shareholders' actions were shielded by the business judgment rule.
With so much M&A news this week, you may not have seen some announced deals involving several law firms like Dechert, Latham & Watkins, Covington & Burling and others. Here, Law360 takes a look at the ones you might have missed.
The U.S. Department of Justice recently issued its second Foreign Corrupt Practices Act opinion release of 2014. The DOJ's conclusion that the acquisition of a company does not create FCPA liability where none existed before is both unsurprising and entirely consistent with the FCPA resource guide, but perhaps more interesting than what the DOJ said is what the DOJ did not mention — the Halliburton opinion, say attorneys with Morri... (continued)
Evidence demonstrates that there is an increasing focus on environmental, social and governance issues in the private equity industry based in part on investor demands and general public pressure for increased accountability and transparency. In response, frameworks and industry standards for ESG investing are emerging, says Scott Naidech of Chadbourne & Parke LLP.
Despite the significant tilt toward technology in how litigation is now conducted, many senior lawyers still delegate tech-related issues to e-discovery specialists or associates at their firms. This is a missed opportunity not just for client development, but also for shaping the way the firm and lawyer are seen in the eyes of corporate counsel, says legal industry business development specialist Jenn Topper.
The Halliburton-Baker Hughes merger agreement is an illustrative example of various antitrust risk-shifting mechanisms. Meanwhile, Halliburton’s agreement to pay a substantial breakup fee could be an indication that it is confident the deal can secure antitrust clearance, says Dionne Lomax of Mintz Levin Cohn Ferris Glovsky and Popeo PC.
The recent settlement between the U.S. Department of Commerce’s Bureau of Industry and Security and Wind River Systems Inc., a subsidiary of Intel Corp., may indicate that BIS is tightening the reins on encryption exports. It is also a cautionary tale for companies engaging in mergers and acquisitions with exporters of software products containing encryption, say Grayson Yeargin and Emily Crandall Harlan of Nixon Peabody LLP.
Our estimates indicate that some law firms spend up to $8,000 per attorney each year on print-related costs. Although we live in a digital world, hard copy printing will remain an important part of business for years to come. Changing technology, however, offers opportunities to improve efficiencies and save money, say Senthil Rajakrishnan and Ryan Mittman of HBR Consulting LLC.
For the first time since 2010, the U.S. Department of Justice's Antitrust Division, as part of a settlement, required a disgorgement remedy in a civil antitrust action, and made a point of predicting that disgorgement would deter parties from engaging in anti-competitive conduct during the pendency of a transaction often known as “gun-jumping,” say Barbara Sicalides and Isla Long of Pepper Hamilton LLP.
Unless the recent ruling in the Dewey & LeBoeuf LLP bankruptcy case is overturned on appeal or the New York Legislature amends the state’s fraudulent transfer and partnership laws, partners of New York firms will bear greater risk if their firms fail than will members of many non-New York partnerships. This risk factor might even affect decisions by prospective lateral partners about which firms to join, say attorneys with Arnold & Porter LLP.
When beginning the novation process to transfer government contracts during a strategic acquisition, contractors should keep in mind that approval for the transfer is completely within the discretion of the contracting officer — who, while very familiar with government contracts, may be less familiar with corporate transactional matters, says Kimi Murakami of PilieroMazza PLLC.
The U.S. Department of Justice’s second Foreign Corrupt Practices Act opinion procedure release of the year reemphasizes the department’s position on successor liability, but in doing so, appears to assert that there can be FCPA successor liability even in stock purchases — a position that may surprise some transactional attorneys, say attorneys with Bass Berry & Sims PLC.