Acquisition company Harvey & Co. asked a New York federal court Tuesday not to stay discovery in its $1.5 million suit against MidOcean Partners as it considers the private equity firm’s play to escape claims it owes Harvey a finder’s fee on MidOcean’s 2015 purchase of a toy maker, saying the underlying motion is meritless.
Quanergy Systems Inc., which makes software to capture and process real-time 3D mapping, has secured $90 million from a group of private investors in an investment round that values the company at well over $1 billion, Quanergy has announced.
New York middle market private equity firm CCMP Capital Advisors LLC has agreed to take a controlling interest in family-owned team uniform and other athletic apparel manufacturer Badger Sportswear, the companies said Tuesday, in a deal guided by Ropes & Gray LLP and McGuireWoods LLP.
Dalian Wanda intends to continue buying Hollywood companies to boost China’s moviemaking capabilities, AIG is in talks to sell some of its business operations to Canada Pension Plan Investment Board and private equity firm Clearspring Capital plans to sell a Canadian company that provides drug services to nursing homes.
A Texas appeals court on Monday affirmed a trial court that awarded Highland Capital Management LP and its former head of private equity each about $2.8 million, after a bitter dispute over the executive’s exit from the hedge fund.
Z Capital Group LLC’s private equity arm is set to purchase Affinity Gaming in an all-cash deal, announced Tuesday, that values the casino gaming operator at $580 million, after having its first two offers for the company rejected.
A Delaware federal judge refused on Tuesday to stop noteholders from raising $6 million in capital that Oaktree Capital Management LP claims dilutes its stake in former Molycorp Inc. assets, saying she sees a “personal edge” in disputes over the rare earth producer's bankruptcy.
A new front opened Tuesday in a war over Apollo Global Management LLC’s $1.4 billion purchase of The Fresh Market Inc., with units of hedge fund Verition Fund Management LLC filing a Delaware Chancery Court petition for a stock appraisal.
For the third time in a year, Caesars Entertainment Operating Co. Inc. appeared in bankruptcy court to ask that creditors be stopped from pursuing an $11 billion judgment against the casino operator's nondebtor parent, saying Tuesday that an adverse ruling could bring the whole empire crashing down.
An Aeropostale attorney urged a New York judge Tuesday to curtail investor Sycamore Partners, which the company has accused of driving it into bankruptcy, from bidding on the retailer’s assets, saying the firm threatens to “chill” a Chapter 11 auction.
Water Street Healthcare Partners and JLL Partners said Monday that they will sell Pennsylvania-based contract research organization Bioclinica to international private equity firm Cinven in a $1.4 billion deal, marking the private equity firm’s latest play in the clinical services field.
The Second Circuit on Tuesday refused to rehear private equity magnate Lynn Tilton’s challenge to the constitutionality of the U.S. Securities and Exchange Commission’s administrative court proceedings.
The Blackstone Group LP is under contract for the $620 million purchase of the 894-unit multifamily Kips Bay Court rental complex in New York City, a person familiar with the situation said on Tuesday.
Platinum Equity, a private equity shop run by the owner of the NBA’s Detroit Pistons, has said it will buy a group of plastic packaging and manufacturing device companies from Singapore-based Broadway Industrial Group Ltd. for SG$150 million ($111.1 million) in cash, its second-ever purchase of an Asia-headquartered business.
Four private equity fund advisers affiliated with Apollo Global Management will pay $52.7 million to settle charges they misled fund investors about fees and a loan agreement and for failing to supervise a senior partner who charged personal expenses to the funds, the U.S. Securities and Exchange Commission said Tuesday.
A Delaware Chancery judge blocked Renco Group Inc. on Monday from seeking damages on claims that MacAndrews & Forbes Holdings Inc. violated a contract governing the private equity firms' joint venture to produce Humvee military vehicles, granting a partial victory to MacAndrews in his finding that damages are time-barred.
Aeropostale Holdings Inc. investor Sycamore Partners on Monday issued its latest challenge to the apparel retailer’s restructuring strategy, telling a New York bankruptcy judge that the company has wasted millions of dollars in a bungled Chapter 11 case that has yet to yield a possible purchaser for the business' assets.
The Eleventh Circuit on Monday shot down a private equity firm’s requests for the Florida Supreme Court’s guidance on issues raised in a fight over coverage for lawsuits tied to the firm's role as adviser to a Mexican food chain and for rehearing of the panel’s decision favoring Indian Harbor Insurance Co.
The U.S. Securities and Exchange Commission, it was reported on Friday, is probing whether private equity firm Silver Lake Partners properly disclosed that it accepted accelerated payment fees that it earned selling companies and taking them public.
Struggling Empresas ICA is nearing a deal with Spain's Ferrovial and two others to erect a $3.5 billion airport terminal in Mexico City, Japan's Renesas Electronics may soon buy fellow chipmaker Intersil for $2.99 billion, and Cinven is close to acquiring BioClinica for more than $1.3 billion.
Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.
In the boom years of 2011 through 2014, energy lenders were directing their attorneys to “loosen up” credit agreements. Today’s distressed environment has seen lenders and their attorneys turn 180 degrees to shift their focus to a range of new issues, say Kraig Grahmann and Buddy Clark of Haynes and Boone LLP.
The court of public opinion can mete out judgments as harsh as those rendered by a court of law, which is why communications professionals and attorneys should be working together to protect their clients’ reputation and advance their legal objectives as litigation proceeds, as well as when decisions or settlements are reached, say Michael Gross and Walter Montgomery at Finsbury.
Vice presidential candidate Mike Pence’s authority over the Indiana Public Retirement System and the Indiana Education Savings Authority as governor of Indiana may limit political contributions to the Donald Trump presidential campaign from a wide spectrum of financial institutions. Investment advisers, brokers, dealers and municipal advisers, among others, are potentially affected, say attorneys with K&L Gates LLP.
Often, the lead counsel in a case maintains sole contact with the client and makes substantive decisions, relying upon the local counsel only to serve in the requisite capacity to satisfy jurisdictional procedures. Therein lies the problem — absent appropriate precautionary measures, the local attorney faces equal malpractice exposure for the substantive, strategic decisions of the lead counsel, say Patrick (Sean) Ginty of CNA Glob... (continued)
The inherent complexity of earnouts and the ever-present challenge of predicting all relevant eventualities can lead to disagreement as to whether an M&A buyer complied with its covenants. Recent Delaware decisions emphasize that parties should seriously consider whether and how post-closing operational requirements are to be articulated in agreements, says Lisa Fontenot of Gibson Dunn & Crutcher LLP.
M&A activity was down in July 2016, with significant declines in the number of deals across the board. In this short video, Ariel Deckelbaum of Paul Weiss Rifkind Wharton & Garrison LLP discusses the latest changes in U.S., global and sponsor-related M&A activity.
There are several risks involved with signing a "standard" mediation confidentiality agreement, both to your clients and to yourself. Once you recognize these risks, you will never sign a standard MCA again, at least not without a lot of thought and a lot of disclosures to your client, says Jeff Kichaven of Jeff Kichaven Commercial Mediation.
While anti-takeover charter provisions, such as a classified board or dual-class stock, are appropriate in many instances, companies preparing for an initial public offering should be aware of the consequences for director elections given a recent policy change implemented by Institutional Shareholder Services, say attorneys with Davis Polk & Wardwell LLP.
As advances in technology continue to push law libraries in a more complex direction, many law firms are still making structural mistakes. Fahad Zaidi, senior consultant at HBR Consulting, notes five common pitfalls that law firms should be wary of when developing their libraries.