Mergers & Acquisitions

  • November 24, 2014

    Weil Reps Advent In Deal To Gobble Up Noosa Yoghurt

    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.

  • November 24, 2014

    Dealmakers Q&A: Hogan Lovells' Sheri Jeffrey

    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.

  • November 24, 2014

    Britain's BT In Talks For $10B Mobile Provider O2

    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.

  • November 24, 2014

    Onex Puts Up $4.7B For Swiss Packaging Firm SIG Combibloc

    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.

  • November 21, 2014

    DC Circ. Bars Disclosure Of Contracts In Comcast, AT&T Deals

    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.

  • November 21, 2014

    Deals Rumor Mill: Telecom, Sysco Corp., UniCredit

    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.

  • November 21, 2014

    $590M LBO Settlement Filed In Error, Judge Says

    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.

  • November 21, 2014

    M&A MVP: Davis Polk's David Caplan

    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.

  • November 21, 2014

    Brazil's JBS Inks 2 More Deals In Quest To Beef Up Business

    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.

  • November 21, 2014

    Sealing The Deal: Chiquita Sale A Rare Win For Deal Jumpers

    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.

  • November 21, 2014

    UK Insurers Aviva And Friends Life May Merge In $8.8B Deal

    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.

  • November 21, 2014

    Kelso, Estancia Pick Up American Beacon From TPG, Pharos

    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.

  • November 21, 2014

    Israeli Pesticide Co. Delays $486M IPO Over Weak Markets

    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.

  • November 21, 2014

    Taxation With Representation: Baker Botts, Cleary, Latham

    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.

  • November 21, 2014

    Oiltanking-Enterprise $6B Deal Stiffs Unitholders, Suit Says

    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.

  • November 21, 2014

    Epic LBO Collusion Case Settles For $590M

    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.

  • November 21, 2014

    Blackstone Drops $1.6B To Buy GE's Japan RE Business

    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.

  • November 21, 2014

    TerraForm Sells $350M In Stock To Back First Wind Buy

    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.

  • November 20, 2014

    Kenneth Cole's $279M Going-Private Deal Survives NY Appeal

    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.

  • November 20, 2014

    Don't Miss It: Hot Deals & Firms We're Following This Week

    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.

Expert Analysis

  • DOJ Is Moving Away From The Halliburton Opinion

    Charles Duross

    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)

  • New ESG Considerations For Private Funds

    Scott W. Naidech

    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.

  • Differentiate Your Litigation Practice With Data Security

    Jennifer Topper

    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.

  • Halliburton, Baker Hughes Prepared For Antitrust Scrutiny

    Dionne Lomax

    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.

  • Wind River Case May Signal Change For Encryption Exports

    Grayson Yeargin

    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.

  • The Print Room: How To Spend Less And Get More

    Senthil Rajakrishnan

    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.

  • The DOJ's Drastic Remedy For Gun-Jumping

    Barbara T. Sicalides

    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.

  • Dewey Partner Clawback Ruling May Hurt New York Law Firms

    Evan C. Hollander

    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.

  • Novation — At The Crossroads Of M&A And Gov't Contracts

    Kimi Murakami

    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.

  • DOJ Suggests FCPA Successor Liability For Stock Purchases

    Taylor J. Phillips

    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.